William H. Lacy Jr.

Not to be confused with William H. Macy.
This article is about the American businessman. For the Methodist missionary, see William Henry Lacy.

William Howard Lacy Jr. (1945 – August 28, 2016) was the CEO of MGIC Investment from 1987 to 1999, the largest provider of private mortgage insurance in the United States.[1] Lacy was among various Wisconsin business executives criticized for cashing in stock options while corporate profits remained flat.[2]

He was born in Chicago[3] and attended the United States Air Force Academy and graduated from the University of Wisconsin–Milwaukee with a bachelor's degree in Business Administration in 1968.[4]

Lacy was a director of Johnson Controls,[5] American Capital Access (ACA Capital) and Ocwen Financial Corp. He died of respiratory failure on August 28, 2016.[6]

References

  1. ^ "MGIC chief Lacy to retire at year's end", Milwaukee Journal Sentinel, pp. B1, October 22, 1999
  2. ^ Dresang, Joel (June 6, 1999), "An option they didn't refuse: Despite declining profits, Wisconsin executives cash in with stock-based incentives", Milwaukee Journal Sentinel, pp. B1
  3. ^ Corporation, Standard and Poor's (September 12, 2000). "Standard & Poor's Register of Corporations, Directors and Executives". Standard & Poor's Corporation – via Google Books.
  4. ^ William Lacy, Sanford Carter honored, University of Wisconsin–Milwaukee. Retrieved on July 4, 2007.
  5. ^ William H. Lacy, Johnson Controls. Retrieved on July 4, 2007.
  6. ^ Chiglinsky, Katherine (30 August 2016). "William Lacy, Who Led MGIC for More Than a Decade, Dies at 71". Bloomberg L.P. Retrieved September 12, 2019.
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