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. Corporate Action

    Any event that brings material change to a company and affects ...
  4. Corporation

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

    An annual list of the 500 largest companies in the United States ...
  6. Corporate Governance

    The system of rules, practices and processes by which a company ...
Related Articles
  1. Mutual Funds & ETFs

    Utility Funds: A Bright Choice In Bear And Bull Markets

    Gas, electric and water companies' non-cyclical nature can power strong gains in any portfolio.
  2. Personal Finance

    10 Ways To Save Energy And Money

    The average family spends $1,600/year on utility bills - find out how to put some of that back in your wallet.
  3. Economics

    Trust In Utilities

    Even in times of economic turmoil, utilities can be a good investment.
  4. Mutual Funds & ETFs

    An Introduction To Sector Mutual Funds

    Investing among several different sectors in the economy is a way to diversify your portfolio.
  5. Options & Futures

    Electrifying Apartment Bills: How To Reduce Them

    As a renter, there are still factors that can influence your heating and air conditioning bill.
  6. Personal Finance

    6 Ways To Save On Your Utility Bill

    Find out how to reduce your costs with these inexpensive tips.
  7. Investing News

    Sun Pharma And Ranbaxy: An Ideal Pharma Marriage?

    The Sun Pharma merger with Ranbaxy will blend the complementary market strengths and areas of expertise of each company and create a powerful pharma force.
  8. Investing

    Facebook's Most Important Acquisitions

    Strategic acquisitions have been key to Facebook's growth and success, and the company has acquired more than 50 companies or properties since it's formation in 2004.
  9. Investing Basics

    Poison Pill

    A poison pill is a corporate maneuver put in place to try and prevent a hostile takeover. The target corporation uses this strategy to make its stock less attractive to the acquirer. This is ...
  10. Economics

    America's Most Notorious Corporate Criminals

    Learn about the crimes and punishments of some of the most infamous convicted white-collar crooks.

You May Also Like

Hot Definitions
  1. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  2. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  3. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  4. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  5. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  6. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
Trading Center