David Packard
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David Packard (September 7, 1912 – March 26, 1996) was a cofounder of Hewlett-Packard. Born in Pueblo, Colorado, he received his B.A. from Stanford University in 1934. Afterwards he worked for the General Electric Company in Schenectady, New York.
In 1938, he returned from New York to Stanford, where received a master's in electrical engineering the following year. In 1938, he also married Lucile Salter, with whom he would eventually have four children, David, Nancy, Susan, and Julie. She died in 1987.
In 1939, he and William Hewlett established their firm in Packard's garage with an initial capital investment of $538. The company, where Packard proved to be an expert administrator and Hewlett provided many technical innovations, grew into the world's largest producer of electronic testing and measurement devices. It also became a major producer of calculators, computers, and laser and ink jet printers.
Packard served as Hewlett-Packard's president from 1947 to 1964, chief executive officer from 1964 to 1968, and chairman of the board from 1964 to 1968, and from 1972 to 1993. At the time of his death, Packard's stake in the company was worth more than $1 billion.
Upon entering office in 1969, President Richard M. Nixon appointed Packard U.S. Deputy Secretary of Defense under Secretary of Defense Melvin Laird. Packard served until 1971, when he resigned and returned to Hewlett-Packard the next year as chairman of the board. In the 1970s and 1980s Packard was a prominent advisor to the White House on defense procurement and management.
From the early 1980s onward until his death, Packard dedicated much of his time and money to philanthropic projects. Prompted by their daughters Nancy and Julie, in 1978 Dave and Lucille Packard created the Monterey Bay Aquarium Foundation. The couple eventually donated $55 million to build the new aquarium, which opened in 1984 with Julie Packard as executive director. In 1987, Packard gave $13 million to create the Monterey Bay Aquarium Research Institute, and the Packard Foundation has since provided about 90% of the institute's operating budget.
In 1964, the couple founded the David and Lucile Packard Foundation. In 1986, they donated $40 million towards building what became the Lucile Salter Packard Children's Hospital at Stanford University; the new hospital opened in June 1991.
Upon his death, his will gave approximately $4 billion to the Packard Foundation, including large amounts of valuable real property in Los Altos Hills. All three Packard daughters sit on the Foundation's board of trustees.
See also
External links
- [David Packard obituary] from www.obits.com, with link to William Hewlett obituary as well
- [Official biography at HP site]
- [Official biography at Monterey Bay Aquarium Research Institute]
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