Resignations: From Stocks to Racetracks

From Stocks to Racetracks

As the founder and chairman of First Jersey Securities, Robert Brennan appeared in TV commercials, hopping out of his helicopter and imploring viewers to "come grow with us." Apparently, the message got through. Since 1980 his firm has increased its number of clients from 200,000 to 500,000. But Brennan revealed last week that he will resign as chairman and look for new growth opportunities elsewhere.

Brennan, 42, who will remain on First Jersey's board of directors, will now devote more time to running a philanthropic organization that he established. A flamboyant millionaire who breeds Thoroughbred horses, he will also oversee a...

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