Management Theorist Peter Drucker Dies

The pioneer of management theory was 95.
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Peter F. Drucker, considered the father of management theory, died this morning in Claremont, Calif. He was 95.

Drucker's career spanned 75 years, and he was credited with turning management theory into a serious discpline.

Drucker was the Marie Rankin Clarke Professor of Social Sciences and Management at Claremont Graduate University from 1971 to 2003. He continued to write and consult up to the time of his death.

"What distinguishes Peter Drucker from many other thought leaders in my mind is that he cared not just about how business manages its resources, but also how public and private organizations operate morally and ethically within society," said Cornelis de Kluyver, dean of the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University. "He respected the values of education, personal responsibility, and business' accountability to society. His true legacy is his insistence on this value system, and its effect on business, society, and individual lives."

Born in 1909 in Vienna, Austria, Drucker was educated in Austria and England and earned a doctorate from Frankfurt University in 1931. He became a financial reporter for Frankfurter General Anzeiger in Frankfurt, Germany, in 1929.

He moved to London in 1933 to escape Nazi Germany and took a job as a securities analyst for an insurance firm.

Drucker got a part-time teaching position at Sarah Lawrence College in New York in 1939. He joined the faculty of Bennington College in Vermont in 1942. The next year he began studying the management structure of

General Motors

, which led to his book

Concept of the Corporation

, which argued that great companies could be noble.

Drucker was a professor of management at the Graduate Business School of New York University form 1950 to 1971.