International Council Member, Belfer Center for Science and International Affairs
Pug has served as the Chairman and Chief Executive Officer of the private investment firm Capricorn Holdings, Inc., since 1987. He also has been the managing general partner of a number of affiliated limited partnerships, whose goals are to invest in, or acquire, companies with the potential of long-term superior capital appreciation through financial or operating restructuring and industry consolidation. These partnerships controlled companies whose aggregate revenues exceeded $3 billion, and which employed more than 25,000 people. From 1973 to 1987, he served as Senior Executive Vice President and Director of the Penn Central Corporation and held senior management positions at Pacific Holding Corporation, Victor Palmieri and Company, and Pennsylvania Company. He currently is an investor in a number of growth equity companies in th energy, defense and technology sectors. In addition, he has written extensively on corporate governance.
From 1969 to the early 1970's, he was Co-founder and Chairman of ICF Inc., a management consulting and investment firm specializing in policy planning for senior government and business officials and also concentrating on socially oriented investments. He served as a U.S. Army officer in the Office of the Secretary of Defense from 1967-1969. An active participant in both nonprofit and for-profit organizations, Pug is an honorary director of the UCLA Medical Center Board of Advisors, a former trustee of Greenwich Academy, and a former co-chair of the New York Historical Society. He currently serves on the boards of the National Humanities Center, Ithaka Harbors, Inc. and Squash Haven, (which he co-founded), and has been a director of a number of public and private corporations. He serves on the Board of Advisors of Columbia Journalism Review, and is a member of the Council of Foreign Relations.
Pug served as a Fellow of the Harvard Corporation and on the Board of Harvard Management Company. He earned A.B., A.M., and PhD degrees from Harvard University, the last in Decision and Control Theory.
Pug and his wife Dee reside in Greenwich, CT.
For more information visit www.capricornholdings.com