Campus & Community

Bertrand Fox, Former HBS Professor, Dies at 92

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Professor Emeritus Bertrand Fox, an economist and investment banking expert who had a lasting impact on Harvard Business School as director of its Division of Research, died on March 14 in Lexington, Mass., at the age of 92.

Fox was a distinguished member of the School’s faculty for 25 years, beginning in 1949. He served as the Edsel Bryant Ford Professor of Business Administration from 1955 until 1967; from 1967 until his retirement in 1974, he was the first incumbent of the Jacob H. Schiff Professorship of Investment Banking. In 1984, Fox received the Harvard Business School’s Distinguished Service Award.

As director of the Division of Research from 1953 to 1968, Fox had responsibility for funding and publishing all the research done at the Business School.

During World War II, Fox spent four years in Washington, D.C., in charge of the economic, statistical, planning, and programming staff work of the War Production Board. In that position, he came in contact with many Harvard Business School faculty members and became known at Harvard for research aimed at producing information needed by policy-makers. Fox later worked during the Korean War as an advisor to the Office of Defense Mobilization.

From 1958 to 1962, Fox was director of research for the U.S. Commission on Money and Credit, a major study of the nation’s monetary system. He was also a co-founder of the Cambridge Research Institute. Upon his retirement in 1974, a number of colleagues established the Bertrand Fox Publication Fund to underwrite the publication of research studies and other faculty manuscripts.

A native of Wisconsin, Fox earned his A.B. degree in mathematics and astronomy from Northwestern University in 1929. After earning his A.M. (1933) and Ph.D. (1934) in economics from Harvard, he taught economics at Williams College from 1935 to 1949.

Fox is survived by his wife, Patricia (Noyes); four sons, Philip of Grosse Pointe, Mich., Thomas of Washington, Kenneth of Englewood, Colo., and Peter of Palo Alto, Calif.; two daughters, Ann Gulbransen of Sharon Center, Ohio, and Joan Fox-Bow of Yorktown Heights, N.Y.; a sister, Gertrude Tuttle of Tacoma, Wash,; and eight grandchildren.

A memorial service will be held on Saturday, April 8, at 10 a.m. at the First Parish Church in Lexington.