E. Linn Draper Jr.

AAA

DEFINITION of 'E. Linn Draper Jr.'

A former chairman, CEO and president of Ohio-based public utility holding company American Electric Power Company. He became the company's leader just as energy deregulation took place, and he led a merger with another major public utility holding company (Central & South West Corp.), reassured investors of the company's strength in the wake of the Enron scandal and kept the company afloat through the recession of 2001-2002.

INVESTOPEDIA EXPLAINS 'E. Linn Draper Jr.'

Born in 1942 in Houston, Draper Jr. earned his Ph.D. from Cornell University in 1970. He then taught at the University of Texas until 1979, when he joined Gulf States Utilities and worked his way into senior management. In 1987 he joined American Electric. He became its president and COO in 1992 and its chairman, CEO and president in 1993. He stepped down as president and CEO at the end of 2003 and retired from his position as chairman in early 2004.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Corporation

    A legal entity that is separate and distinct from its owners. ...
  4. Fortune 500

    An annual list of the 500 largest companies in the United States ...
  5. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  6. Utility

    1. An economic term referring to the total satisfaction received ...
Related Articles
  1. Utility Funds: A Bright Choice In Bear ...
    Mutual Funds & ETFs

    Utility Funds: A Bright Choice In Bear ...

  2. 10 Ways To Save Energy And Money
    Personal Finance

    10 Ways To Save Energy And Money

  3. Trust In Utilities
    Economics

    Trust In Utilities

  4. An Introduction To Sector Mutual Funds
    Mutual Funds & ETFs

    An Introduction To Sector Mutual Funds

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an ...
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center