I.W. Burnham II,
93, a financier whose surname has been on the front door of a Wall Street firm since the 1930s, died of a heart attack on Monday after boating near Norfolk, Va. He lived in Manhattan.
The son of a physician and the grandson of the founder of the distiller I.W. Harper, Isaac Wolf Burnham II was born in Baltimore. He founded Burnham & Co. in 1935 with a $100,000 loan from his grandfather. The firm grew into Drexel Burnham Lambert, which for a time in the 1980s was one of the biggest success stories in the history of the securities industry.
But the heady days turned infamous, and the firm was fined $650 million in 1990 for securities fraud and went bankrupt. Michael R. Milken, who revolutionized the use of high-yield bonds as a financing tool for billion-dollar hostile takeovers, went to jail after pleading guilty to insider trading.
Mr. Burnham had resigned as chairman of Drexel Burnham Lambert in 1980 and severed most of his ties with the firm. He was not implicated in the scandal or blamed for Drexel's demise.
Dolores Gray,
78, a Tony Award-winning actress and singer, died Wednesday of a heart attack at her Manhattan apartment.
Miss Gray began performing in Hollywood clubs when she was 14, and at 15 she was discovered by Rudy Vallee and given a guest spot on his national radio show.
She landed her first major theater success in 1947 as Annie in Annie Get Your Gun in London. In 1954, she won a Tony Award for her performance in Carnival in Flanders.
After signing a contract with MGM Studios in 1955, Miss Gray starred in movie musicals, including Kismet and The Opposite Sex. She performed with Gene Kelly in It's Always Fair Weather and with Gregory Peck in Designing Women.
Jean Bowman Anderson,
93, a former University of Chicago economics professor, died Monday at her home in Chicago.
She studied the effects of education on occupation, earnings and unemployment. She was best-known for her work in applying economic theories to education and for co-authoring the textbook Economic Analysis and Public Policy with George L. Bach.
Although Mrs. Anderson was a pioneer in a field traditionally dominated by men, friends said she only wanted to be known as an economist. "She was a feminist by virtue of what she did and achieved," said Gary Becker, a former colleague and Nobel Prize laureate. "She never wanted to be identified as a female economist."
She wrote six books and more than 75 articles on topics ranging from migration to entrepreneurship and the differences between the organizational structures of Japanese and U.S. companies. She and her husband, C.A. Anderson, frequently collaborated on scholarly projects. The wrote two books together during the 1960s.