Peter Drucker

Peter Ferdinand Drucker (born November 19, 1909) is a management theorist who created many phrases common in business today.

Drucker, born in Vienna, Austria, moved to the United States in 1937. In 1943, he became a naturalized citizen of the United States. He taught at New York University as Professor of Management from 1950 to 1971. Since 1971 he has been the Clarke Professor of Social Science and Management at Claremont Graduate University. He lives in Claremont, California.

He has been writing influential works about management since the 1940s. He has written about 30 books, and from 1975 to 1995 he was an editorial columnist for The Wall Street Journal. He has also been a frequent contributor to Harvard Business Review. Now in his nineties, he still consults for businesses and non-profit organizations.

Drucker was awarded the Presidential Medal of Freedom by U.S. President George W. Bush on July 9, 2002. He was the Honorary Chairman of the Peter F. Drucker Foundation for Nonprofit Management, now the Leader to Leader Institute, from 1990 through 2002. His most controversial work is on compensation schemes, in which he said that senior management should not be compensated more than twenty times the lowest paid employees. This made him an enemy of some of the same people who had previously praised him.

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See also: Peter Drucker, 1909, 1937, 1940s, 1943, 1950, 1971, 1975, 1995, 2002