Tribute To Jackson T. Stephens
Mr. Speaker, I rise today to pay tribute to a great Arkansan, an outstanding citizen, a graduate of the U.S. Naval Academy and an accomplished businessman; I am proud to recognize Jackson T. Stephens in the Congress. Mr. Stephens, known as…
Mr. Speaker, I rise today to pay tribute to a great Arkansan, an outstanding citizen, a graduate of the U.S. Naval Academy and an accomplished businessman; I am proud to recognize Jackson T. Stephens in the Congress.
Mr. Stephens, known as Jack to his many friends, created one of the most successful corporate finance practices in the country based on the principles his father passed down to him. At a young age, Mr. Stephens learned in order to do well, ``we must share opportunities for making money with other people.'' And as his firm grew, so did the hopes, dreams and nest-eggs of many Americans. Today, Stephens Inc. has become one of the Nation's largest investment banking firms.
While many investors focus strictly on making money for their clients, Mr. Stephens focused on earning their trust--and repaying
those who have helped him with incomparable altruism.
Stephens graduated from the Naval Academy in 1947 and has continued to make a major impact on the Naval Academy community and in Annapolis. Mr. Stephens has contributed $10 million, the largest single donation in service academy history, toward the $175 million Naval Academy Foundation's Campaign: Leaders to Serve the Nation.
He has held positions on the board of directors of several major corporations, including the Missouri Pacific Railroad, Burlington Northern, Inc., Wal-Mart Stores, Inc., and Dillards, Inc. In 1989, Jack was awarded the first J. William Fulbright Award for International Trade Development. He received a Distinguished Alumnus Citation in 1965 and was awarded an honorary Doctor of Law Degree from the University of Arkansas in 1985. In 1999, Stephens was inducted into the Arkansas Business Hall of Fame.
Mr. Stephens' business acumen is only bettered by his generosity. He is a man who serves as an example of hard work, the success resulting from it and the appropriate way to thank the community from which you came. On behalf of the Congress, I extend my deepest regards for his efforts and gratitude for all he has done to make the world a better place.