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engage in coach racing. In addition to coach racing, he also took part in horse shows and horse
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racing. Hyde accumulated a collection of coaches and carriages, which he later donated to the
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Shelburne Museum.
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Removal from The Equitable
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Following his father's death, Hyde was the majority shareholder and in effective control of The
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Equitable. By the terms of his father's will, he was scheduled to assume the presidency of the
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company in 1906. Members of the board of directors, including E. H. Harriman, Henry Clay Frick,
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J.P. Morgan, and company President James Waddell Alexander attempted to wrest control from Hyde
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through a variety of means, including an unsuccessful attempt to have him appointed as Ambassador
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to France.
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On the last night of January 1905, Hyde hosted a highly publicized Versailles-themed costume ball.
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Falsely accused through a coordinated smear campaign initiated by his opponents at The Equitable of
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charging the $200,000 party (about $4 million in 2014) to the company, Hyde soon found himself
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drawn into a maelstrom of allegations of his corporate malfeasance. The allegations almost caused
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a Wall Street panic, and eventually led to a state investigation of New York's entire insurance
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industry, which resulted in laws to regulate activities between insurance companies, banks and
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other corporations.
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In 1905, Hyde's net worth was about $20 million (around $400 million in 2014). After the negative
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press generated by the efforts to remove him from The Equitable, later in 1905 Hyde resigned from
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the company, gave up most of his other business activities, and moved to France. There were
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published rumors that he would marry French actress Yvonne Garrick in 1906.
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World War I
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At the start of World War I Hyde converted his home and a Paris rental property into French Red
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Cross hospitals, and he volunteered his services as an organizer and driver with the American Field
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Ambulance Service. When the United States entered the war Hyde was commissioned as a Captain and
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assigned as an aide to Grayson Murphy, the High Commissioner of the American Red Cross in France.
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During and after the war Hyde also directed the Harvard and New England bureau of the University
|
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Union in Paris. Through this organization's auspices Hyde set up a series of annual lectures for
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American professors visiting French universities. He also helped win public support for aiding
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France by publishing several of his own lectures and monographs.
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Later life
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In 1941 Hyde returned from France as the result of Nazi Germany's occupation of France during World
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War II. In retirement he resided at the Savoy-Plaza Hotel in New York City and hotels in Saratoga
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Springs, New York.
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Personal life
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On November 25, 1913, he was married to Marthe (née Leishman) de Gontaut-Biron (1882–1944) in
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Paris. The Countess de Gontaut-Biron, the widow of Count Louis de Gontaut-Biron, was a daughter of
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Ambassador John George Alexander Leishman and Julia (née Crawford) Leishman. Before their divorce
|
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in 1918, which was reportedly over her strong personal attachment to Germany and not the result of
|
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the involvement of another man or woman, they were the parents of:
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Henry Baldwin Hyde II (1915–1997), who married Marie de La Grange, a daughter of Baron Amaury De
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La Grange and Emily Eleanor, Baroness De La Grange (daughter of Henry T. Sloane), in 1941. Marie's
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brother was musicologist Henry-Louis de La Grange, known for his biography of Gustav Mahler.
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His ex-wife died in 1944. Hyde died in Saratoga Springs on July 26, 1959. He was buried at
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Woodlawn Cemetery in The Bronx.
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Legacy and honors
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Hyde was a collector of books and documents relating to Franco-American relations beginning in
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1776. He was a member of the Académie des Sciences Morales et Politiques, the American Antiquarian
|
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Society, and the New-York Historical Society. He formed a collection of allegorical prints
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illustrating the Four Continents that are now at the New-York Historical Society; Hyde's drawings
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and a supporting collection of sets of porcelain figures and other decorative arts illustrating the
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Four Continents were shared by various New York City museums.
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For his efforts during the war, Hyde received the Grand-Croix de la Legion d'honneur. He was
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granted an honorary degree by the University of Rennes in 1920.
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References
External links
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The James H. Hyde Collection of Allegorical Prints of the Four Continents at the New-York
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Historical Society
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James Hazen Hyde papers at New-York Historical Society
|
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1876 births
1959 deaths
Harvard University alumni
American expatriates in France
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American Field Service personnel of World War I
Chevaliers of the Légion d'honneur
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Grand Croix of the Légion d'honneur
Burials at Woodlawn Cemetery (Bronx, New York)
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Richard Barry Freeman (born June 29, 1943) is an economist. The Herbert Ascherman Professor of
|
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Economics at Harvard University and Co-Director of the Labor and Worklife Program at Harvard Law
|
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School, Freeman is also Senior Research Fellow on Labour Markets at the Centre for Economic
|
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Performance, part of the London School of Economics, funded by the Economic and Social Research
|
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Council, the UK's public body funding social science. Freeman directs the Science and Engineering
|
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Workforce Project (SEWP) at the National Bureau of Economic Research (NBER), a network focused on
|
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the economics of science, technical, engineering, and IT labor which has received major long-term
|
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support from the Sloan Foundation.
|
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Education
|
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He received his B.A. from Dartmouth in 1964 and his Ph.D. in Economics from Harvard University in
|
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1969 for a thesis titled The Labor Market for College Manpower. He studied under Harvard Professor
|
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and Dean John T. Dunlop, who became U.S. Secretary of Labor under President Gerald Ford.
|
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Contributions
|
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Freeman has written 18 books, edited 29 books and published over 350 published articles on a wide
|
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range of subjects including global labor standards, the scientific workforce, the economics of
|
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crime, how the internet is transforming labor movements, and historical spurts in the growth of
|
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labor unions.
|
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Freeman has made several significant but controversial contributions to economics and the field of
|
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industrial relations. In What Do Unions Do? (1984), he and his co-author James Medoff presented
|
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evidence that countered conventional wisdom in economics when they concluded that “unionism on net
|
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probably raises social efficiency” and that “recent trends have brought the level of union density
|
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|
below the optimal level.” Freeman's work on the economic theory of unions has found support in
|
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several subsequent studies indicating that in many fields unionized workers have delivered higher
|
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levels of productivity than their non-union counterparts. Nevertheless, some comparative
|
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scholarship indicates that the union advantage in productivity may vary by nation. Christos
|
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Doucouliagos and Patrice Laroche in an article entitled “What do unions do to productivity?” (2003)
|
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indicate that unions significantly lift productivity in U.S. manufacturing, but these authors
|
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countered with evidence that unions have had detrimental effects on productivity in the United
|
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Kingdom.
|
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Freeman and his collaborators have explored how the tournament model of prizes and funding in the
|
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|
biosciences has favored older researchers and contributed to the degradation of conditions for
|
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postdocs and graduate students. He has carried out a variety of studies on the
|
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internationalization of science, as more than half of the PhDs graduating in science and
|
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|
engineering from U.S. universities in 2003 were foreign born, more than double the rate in 1966.
|
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In his early career, Freeman often faced critique for his book The Overeducated American (1976),
|
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which suggested that the U.S. labor market would have vast challenges employing the millions of
|
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citizens with college diplomas and advanced degrees from the enormous expansion of higher education
|
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after World War II. The high-tech boom of the later 1980s and 1990s reassured most observers that
|
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expanding higher education was the trusted route to national economic vitality and achieving the
|
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