Wheelock Whitney Jr.'s hands steered the evolution of everything from professional sports to education and the arts to addiction treatment in Minnesota.
A businessman, civic leader, philanthropist and two-time statewide Republican candidate, Whitney died Friday at his horse farm in Independence. He was 89. He had received a cancer diagnosis several years ago and was hospitalized in recent days, said his youngest son, Ben.
"He will go down as a giant in Minnesota history," said former Gov. Arne Carlson, who made Whitney his campaign chair and "kitchen cabinet" adviser. "You'd be hard-pressed to come across any project from 1950s on that doesn't have Wheelock Whitney's name on it.''
Known to his family as "Whee," Whitney was a charismatic leader who served from 1963 to 1972 as CEO of the Minneapolis investment banking firm that is now part of RBC Wealth Management U.S.
When he came to the company, then known as J.M. Dain and Co., in 1957 as a salesman, Whitney was a self-described "young whippersnapper" at the small investment firm. After taking the helm, he broadened Dain's vision beyond Minnesota. He backed local companies and oversaw an unprecedented period of growth that made the firm a regional powerhouse.
John Taft, CEO of RBC Wealth, described Whitney as "the father" of the current company. Whitney remained interested and served as Taft's mentor and friend, often sending him handwritten notes.
"He is without question the most impactful community leader I have known in my life," Taft said. "Charismatic, principled, compassionate, generous, larger than life … just a remarkable human being."
Whitney retired from Dain in 1972, at 45, and went on to teach a class on management perspectives at the Carlson School of Management at the University of Minnesota. Often he'd bring in friends who were current or former CEOs and grill them about the secrets of their success.