Todd Boruff | Dec. 19, 2013 | Notre Dame College of Arts and Letters
“You can never go wrong having the Great Books of the Western world sort of in your hip pocket in terms of making decisions,” says Tom Franco ’74, a partner at Clayton, Dubilier, and Rice, LLC (CD&R), a private equity investment firm based in New York City. “A lot of business is making judgments and having the context to do that, so I would say that a liberal arts background is a welcome addition to the investment decision making process.”
After graduating from Notre Dame’s Program of Liberal Studies, Franco’s professional career began as a high school humanities teacher. He then moved into journalism, then into finance, eventually joining CD&R after serving as a senior advisor to the firm for 15 years. Franco recognizes how important it is not to “specialize too early” in your education.
Franco says, “We live in a dynamic world, a very dynamic economy. Keeping your options open and being broad about the way that you look at the world may in fact be the best competitive advantage that you have.”