Dispatches > The Buzz

The Buzz

"The Buzz" Continued...

Issue: "On the road again," May 9, 2009

Man knows not his time

Ben Edwards, 77, for 35 years the CEO and chairman of A.G. Edwards & Co., died April 20 of prostate cancer. The company was one of the 10 largest brokerages in the country, and for most of its history the only one not headquartered in New York. Edwards was a counter--cultural manager and known to all who worked with him as a committed Christian with an executive formula embodying simple adherence to the Golden Rule: Clients first, then employees, and then shareholders. The plan worked: Under Edwards' leadership, the company grew from 40 offices to more than 700 nationwide. After his retirement in 2001, in a move he vigorously resisted, the company was sold to Wachovia Bank and all but dismantled in Wachovia's 2008 meltdown-and with it most of Edwards' personal estate. He remained indomitably cheerful: "I am the most blessed man I know," he told WORLD last November.

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