Donald Marron, Paine Webber CEO Who Sold to UBS, Dies at 85
- Founded New York private-equity firm Lightyear Capital
- Marron built a massive collection of American modern art
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Donald Marron, the art collector and financier who led Paine Webber Inc. for 20 years until the retail brokerage’s $16 billion sale to UBS AG in 2000, has died. He was 85.
He died of a heart attack in New York, according to his wife, Catie Marron. She said her husband was heading out on Friday evening to a party for some of his staff and planned to come home after about 30 minutes to watch “The Irishman” with her and their son William. He never made it home.