Explore David M. Cote net worth, age, height, bio, birthday, wiki, and salary! David M. Cote (born on 19th July 1952) is a famous American businessman from the United States. Cote was previously employed by General Electric and TRW Inc. prior to being appointed the chairman and chief executive officer (CEO) for Honeywell in 2002 after the acquisition of Honeywell by AlliedSignal. Cote was also on the JP Morgan Chase risk committee during the time that Honeywell suffered losses of $6 billion in trading credit derivatives. Cote was removed as Honeywell’s chief executive of Honeywell towards the close of March and was replaced by Darius Adamczyk. In this article, we will discover how old is David M. Cote? Who is David M. Cote dating now & how much money does David M. Cote have?
| Name | David M. Cote |
| First Name | David |
| Last Name | M. Cote |
| Occupation | Entrepreneur |
| Birthday | July 19 |
| Birth Year | 1952 |
| Place of Birth | Manchester |
| Home Town | New Hampshire |
| Birth Country | United States |
| Birth Sign | Cancer |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Not Available |
| Spouse | Not Known |
| Children(s) | 3 (2 from first marriage, 1 from second) |
David M. Cote Biography
David M. Cote is one of the most popular and richest Entrepreneur who was born on July 19, 1952 in Manchester, New Hampshire, United States. Honeywell has chosen Cote as the successor of Lawrence Bossidy, following the AlliedSignal acquisition of Honeywell and the European Union’s denial the Honeywell merger plan together with General Electric. Cote was appointed CEO as president and CEO, as well as a director on the board in February 19th 2002. He was appointed as chairman on July 1, 2002.
The year Cote took office, Honeywell lost $220 million. Cote instituted conservative accounting to streamline costs. In an effort to reduce the unpredictability of asbestos-plus-environmental expenses, Honeywell established a trust for claims and reclaim soil at chemical plants. As a result, that expense is consistently $150 million a year, after-tax. Honeywell saw improved quality in design, increased production, and lower production costs after it implemented a new productivity management system. During the 2008-2009 recession, the company instituted furloughs to reduce overall operating costs rather than lay off workers. During his tenure at Honeywell, the company’s donations via its Political Action Committee rose from rose from two hundred thousand dollars in 2002 to 8 million in 2014. As of June 2016, Honeywell’s market value has risen from $28 billion to $87 billion since 2002.
In 2010, President Obama named Cote as one of the Chief Executives he most admired. In 2009, Cote was invited to the White House to meet the President for a briefing on the US economic recovery plan and in November 2009, he was one of 12 businesspeople asked by the White House to host the US-India CEO Forum, which Cote and Ratan Tata co-chaired. In February 2010, Cote was selected by President Obama to be on the National Commission on Fiscal Responsibility and Reform, more commonly known as the Simpson Bowles Commission.
Then, in November of 1999 Cote became a part of TRW as COO and president. He established his Six Sigma management system to minimize manufacturing errors. Then, in February of 2001 Cote became CEO and then chair of TRW’s board. Cote was the one who initiated the establishment of Velocium, the TRW subsidiary Velocium that manufactured ultra-high-speed semiconductors.
Cote was hired by General Electric full-time in November 1976, working for more than 20 years. He made the transition from part-time production job in the General Electric aircraft-engine plant in New Hampshire to a full-time auditing position at a different GE plant located in Massachusetts. The year 1985 saw his performance in an exchange that he had with the Chairman Jack Welch became the catalyst to Cote’s rise within GE. Welch made Cote three levels up in management. Throughout his time at GE Appliances He held positions in manufacturing marketing, finance and strategic planning, as well as general management before becoming the CEO for GE Appliances in 1996.
In February 2002, Cote announced he would be leaving TRW. Reportedly, the news surprised employees and some executives, who learned of Cote’s departure hours before the announcement.
David M. Cote Net Worth
David is one of the richest Entrepreneur from United States. According to our analysis, Wikipedia, Forbes & Business Insider, David M. Cote's net worth $5 Million. (Last Update: January 13, 2024)
Cote was born in Manchester, New Hampshire and graduated from Pembroke Academy in Pembroke, New Hampshire in 1970. In the next one year Cote was accepted into the University of New Hampshire, and during his time at UNH in full time, he took on for an hourly wage in the evening shift at the nearby GE Jet Engine plant. In 1976 Cote was able to graduate from his school at the University of New Hampshire with the degree of a bachelor’s from the business school.
| Net Worth | $5 Million |
| Salary | Under Review |
| Source of Income | Entrepreneur |
| Cars | Not Available |
| House | Living in own house. |
In 2013, during negotiations over the Federal deficit during which some Republicans threatened a default, one lobbyist was quoted as identifying “the rise of an ideological wing [within the Republican Party] that is now willing to stand up to business interests”. Cote was quoted as saying “It’s clearly this faction within the Republican Party that’s causing the issue right now” which was interpreted by OpenSecrets.org as an implied threat that if the dissident Republicans did not co-operate, contributions from Honeywell’s Political Action Committee could be cut. In 2012, Honeywell’s PAC and employees made political donations of about $5.3 million to candidates and committees.
Cote is a co-founder of Fix the Debt, a group of executives and former legislators who campaign for deficit reduction and tax reform. In a 2013 interview with the New Hampshire Union Leader, Cote identified the problem of debt reduction in the United States as being the fact that “Washington is ruled by fear of voters … and the three ‘h’s’ prevail—hysteria, histrionics and hyperbole”. He also framed the options for deficit reduction in terms of either increases in taxes or a reduction in social security benefits, saying, “If you have people saying, ‘Don’t raise my taxes, but don’t cut my benefits,’ it makes it really difficult to get anything done.”
Ethnicity, religion & political views
Many peoples want to know what is David M. Cote ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, David M. Cote's ethnicity is Not Known. We will update David M. Cote's religion & political views in this article. Please check the article again after few days.
Cote was a member of the board of directors at JPMorgan Chase and an advisor to Kohlberg Kravis Roberts (KKR). In 2012, Cote came under criticism as one of the three members of JP Morgan Chase’s risk committee, after CEO Jamie Dimon said on May 10, 2012 that the firm’s chief investment office suffered a $2 billion loss trading credit derivatives. Commentators identified a lack of relevant expertise among the members of the committee, identifying Cote and a museum official who also served, in particular for their lack of banking experience.
Who is David M. Cote Dating?
According to our records, David M. Cote is possibily single & has not been previously engaged. As of January 13, 2024, David M. Cote’s is not dating anyone.
Relationships Record: We have no records of past relationships for David M. Cote. You may help us to build the dating records for David M. Cote!In March 2014, Cote presented his views on deficit reduction and American competitiveness to the House Committee on Financial Services of the United States House of Representatives.
Height, Weight & Body Measurements
David M. Cote height Not available right now. David weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
Cote was a member of the Executive Committee of The Business Council for 2011 and 2012.
In February 2014 it was announced that Cote would fill a vacancy on the board of the New York Federal Reserve. Simon Johnson, former chief economist of the International Monetary Fund, writing in The New York Times, raised doubts about the suitability of Cote’s appointment, noting the “systematic breakdown of compliance and risk control” during the period when Cote was on the board of JPMorgan Chase, whilst also noting that some, but not all, of the problems there pre-dated Cote’s appointment. The election papers did not mention Cote’s role at JPMorgan Chase in his candidate C.V. Cote stepped down from the board of New York Federal Reserve in March 2018.
Facts & Trivia
David Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United States. David M. Cote celebrates birthday on July 19 of every year.
While CEO of Honeywell International in 2015, Cote earned a total compensation of US$25,053,000 which included a base salary of $1,890,000, an annual bonus of $5,700,000, and $10,338,000 in stock options.
What is dave Cote doing now?
Cote is executive chairman of the Vertiv Board of Directors and author of “Winning Now, Winning Later.” David has been chief executive officer, president and secretary, and chairman of the board of directors for Goldman Sachs Acquisition Holdings since April 2018.
When was David Cote CEO of Honeywell?
Prior to that, David Cote served as chairman and chief executive officer of Honeywell from July 2002 to March 2017. He was executive chairman of the board at Honeywell until April 23, 2018. David joined Honeywell as president and chief executive officer in February 2002.
What is Darius Adamczyk salary?
What is the salary of Darius Adamczyk? As the Chairman of the Board and Chief Executive Officer of Honeywell International Inc, the total compensation of Darius Adamczyk at Honeywell International Inc is $20,525,100.
Who is the CEO of Honeywell?
Darius Adamczyk (Mar 31, 2017–)
How much does the CEO of Honeywell make?
Honeywell International Inc. awarded CEO Darius Adamczyk almost $19.1 million in total compensation for 2020, according to its proxy statement filed Friday with the U.S. Securities and Exchange Commission. That is $1.4 million less than the $20.5 million awarded in 2019.
You may read full biography about David M. Cote from Wikipedia.ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfma63tcNmpGabn6mycA%3D%3D