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Russell Carson ’67, general partner of Welsh, Carson, Anderson & Stowe
Since 1978, Russell Carson has been a General Partner of Welsh, Carson, Anderson & Stowe (WCAS), which he cofounded. One of the country’s largest private investment firms, WCAS has evolved into the leading specialist in acquiring and building established businesses in the information services, communications and health care industries.
Mr. Carson devotes considerable time and energy to philanthropic activities in New York City. His main areas of interest lie in promoting education, economic and social development and the arts.
In the education arena, Mr. Carson is particularly focused on improving the quality of and access to early childhood education, supporting projects to improve public, parochial and charter schools. He helped establish the $70 million Inner-City Scholarship endowment fund, which distributes $2.5 million annually to support New York inner-city Catholic schools. He is also chairman of the Columbia Business School Board of Overseers, vice chairman of the Rockefeller University Board of Trustees and a trustee of Dartmouth College.
Mr. Carson’s social and economic development activities include serving as a member of the Executive Committee of the New York City Investment Fund as well as chairman of the fund’s Health and Sciences Committee. He also cochairs the New York City Biotechnology Development Corporation, which is working to develop property around the site of the World Trade Center that will house a pharmaceutical firm and start-up biotechnology companies.
As a patron of the arts in New York City, Mr. Carson serves as trustee of the Metropolitan Museum of Art.
Born in 1943, Mr. Carson attended public high school in Toledo, Ohio, prior to receiving a BA degree in economics from Dartmouth College in 1965 and an MBA from Columbia Business School in 1967.
Research Insights on Leadership and Ethics
Assistant Professor of Finance and Economics
"Banks in India...the accounts are not well used...This may be because they have to walk the 3km to the bank; or it may be due to other obstacles, such as procrastination.”
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Jack R. Anderson Professor of Business
"The industry has developed general principles on which portfolio risk should be decomposed but actually determining the risk contributions can be difficult in complex portfolios.”
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Senior Vice Dean and Paul Calello Professor of Leadership and Ethics
"Those in a homogeneous group put much less effort into the task at hand in part because they were more interested in avoiding conflict. Diverse environments allowed people to focus on the task instead of their social relationship."
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Professor of Finance
“What makes countries rich is how productively they use their resources…Once a (more productive) technology is introduced, do people use it? Why aren’t people using the most improved technologies to begin with?”