Wayne DeMeester, the managing director of Definitive Advisors, LLC, a investment advisory firm headquartered in Seattle, Washington, draws on more than a quarter century of experience in the industry. He has worked for such industry leaders as Wachovia, which has since merged with Wells Fargo, and KBR Capital Partners, a New York-based private equity firm. Wayne DeMeester earned his MBA from the Wharton School at the University of Pennsylvania.
Renowned worldwide as one of the premier business schools, the Wharton School also is unique because it was the very first business school established as part of a university. That is, the University of Pennsylvania was the first university to consider a body of knowledge oriented around business itself to be worthy of a university degree, whether bachelor’s or advanced. It took the revolutionary move in response to Joseph Wharton, who inherited considerable wealth from his family and went on to create a new fortune with his companies Bethlehem Steel and American Nickel.
At the time of the Wharton School’s founding, the American economy was undergoing dramatic changes. The first industrial revolution was marked largely by the transition from animate sources of power, such as oxen and horses, to inanimate sources like steam engines and water wheels. The second industrial revolution was even more significant, as it involved new technologies that brought with them enormous economies of scale and the capacity for producing extraordinary wealth in short periods of time. Joseph Wharton recognized before most that the knowledge and business acumen required to drive the new industries was far greater than the traditional courses taught in colleges and universities at the time.
The Wharton School was founded in 1881 as the Wharton School of Finance and Economy and changed its name in 1902 when it became the Wharton School of Finance and Commerce. It changed its name again in 1972 to the name by which it is known worldwide: the Wharton School.