(1906–83), U.S. public official and business leader, born in Philadelphia, Pa.; University of Pennsylvania 1928; became an investment banker with Drexel and Co.; U.S. Navy in World War II; officer in Beaver Coal Company 1948, director of other corporations; undersecretary of the navy 1955–57, secretary of the navy 1957–59, modernizing the service with nuclear-powered ships and submarines; secretary of defense under President Eisenhower 1959–61; joined Morgan Guaranty Trust Company 1961; awarded Presidential Medal of Freedom by Eisenhower 1961.