What Is Seth Waugh’s Net Worth and Salary?
Seth Waugh, an American business executive, has a net worth of $80 million. He is a former CEO of Deutsche Bank Americas and is credited with expanding the bank’s presence in the United States. Prior to his role at Deutsche Bank, Waugh held various positions at Salomon Brothers, Merrill Lynch, and Quantitative Financial Strategies.
In 2018, Waugh became the CEO of PGA of America, one of the world’s largest sports organizations dedicated to growing interest and participation in golf.
Seth Waugh’s Leadership Style Shaped by Father’s Teaching
Seth Waugh, born in 1957 and raised in Ayer, Massachusetts, credits his father, James, who passed away at 95 in 2022, with inspiring his approach to leadership. James was a coach and teacher who used the Harkness system in his teaching, which encouraged an exchange of ideas and consensus building. Seth attended Amherst College, earning Bachelor of Arts degrees in English and Economics.
Seth Waugh’s Professional and Philanthropic Career
Seth Waugh started his career after college with Quantitative Financial Strategies, Inc., eventually becoming the CEO. He then spent 11 years at Merrill Lynch Wealth Management, where he served as Co-Head of Global Debt Markets and Senior Vice President. In 2000, he joined Deutsche Bank Americas, where he held various positions, including Vice Chairman and eventually CEO. After leaving Deutsche Bank, he became Vice Chairman of Florida East Coast Industries, LLC, and later Non-Executive Chairman of Alex. Brown. Waugh is currently a member of the Workday, Inc. advisory board and the board of Franklin Templeton Advisors.
Aside from his professional accomplishments, Waugh is also known for his philanthropy. He has served on the boards of several organizations, including the Multiple Sclerosis Society of Greater New York, World Trade Center Memorial Foundation, and Harlem Village Academies. He has also been involved with the Women on Wall Street Conference and served as a Trustee at Wake Forest University and President of the Board of his alma mater, the Lawrenceville School.
Seth Waugh Encourages Golf During Pandemic
Seth Waugh, CEO of the PGA of America, and his wife Jane have five children, including son Clancy who is pursuing a career as a professional golfer. During the COVID-19 pandemic, Waugh created the Back2Golf program to promote the sport as a safe and healthy outdoor activity that also allowed for social distancing.
Waugh explained in an interview with “Global Golf Post” that golf was a great mental and physical outlet for people during the pandemic. He noted that the program helped bring back people who had lost touch with the sport and also introduced new players to the game.
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