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Fred Gluck

Born 1935 · Age 90

Management consultant and executive; longtime senior partner and Managing Director of McKinsey & Company (1988-1994); later vice-chairman of Bechtel; founder/chairman in biotech (CytomX, Cynvenio); director at Amgen and multiple public, private and non-profit organizations.

Total Events
41
Career Span
88 years
Peak Net Worth
$54,000,000

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Life & Career Timeline

1935Age 0

Born

Frederick W. Gluck was born.

1/1/1935Source
Confidence
99%
1953Age 18

Graduated Regis High School

Graduated from Regis High School on the Upper East Side of Manhattan.

1/1/1953Source
Confidence
95%
1957Age 22

Earned B.S. in Electrical Engineering from Manhattan College

Received a Bachelor of Science (Electrical Engineering) from Manhattan College.

1/1/1957Source
Confidence
95%
1959Age 24

Earned M.S. in Electrical Engineering from NYU

Received a Master of Science (Electrical Engineering) from New York University.

1/1/1959Source
Confidence
95%
1959Age 24

Joined Bell Telephone Laboratories

Began a 10-year career at Bell Labs in program management, systems analysis/engineering and guidance systems design.

1/1/1959Net Worth: $20,000Source
Confidence
90%
1966Age 31

Program Manager – Spartan anti-ICBM missile

Served as program manager for the Spartan anti-ICBM missile program at Bell Labs prior to leaving.

1/1/1966Net Worth: $50,000Source
Confidence
85%
1967Age 32

Nominated for Eta Kappa Nu Outstanding Young Engineer Award

Bell Labs nominated Gluck for the Eta Kappa Nu Award as the country's Outstanding Young Electrical Engineer.

1/1/1967Net Worth: $80,000Source
Confidence
90%
1967Age 32

Joined McKinsey & Company

Left Bell Labs and joined management consultancy McKinsey & Company; began long tenure (1967-1995).

1/1/1967Net Worth: $100,000Source
Confidence
98%
1970Age 35

Led McKinsey's technology & strategy practices

Became a leader in McKinsey's technology and strategic management practices; consulted widely in telecom, electronics, heavy machinery and health care.

1/1/1970Net Worth: $500,000Source
Confidence
80%
1987Age 52

Appointment announced as McKinsey Managing Director

New York Times reports Gluck has been selected to succeed Ron Daniel as McKinsey's Managing Director (effective 1988).

12/15/1987Net Worth: $6,000,000Source
Confidence
95%
1988Age 53

Assumed role: McKinsey Managing Director (Global Senior Partner)

Became elected Managing Director (chief executive) of McKinsey & Company, serving as global senior partner.

1/1/1988Net Worth: $10,000,000Source
Confidence
99%
1988Age 53

Introduced '15 centers of competence' at McKinsey

At McKinsey, Gluck introduced the concept of fifteen 'centers of competence' to structure firm knowledge and capabilities.

1/1/1988Net Worth: $10,500,000Source
Confidence
80%
1992Age 57

McKinsey doubled in size under his leadership

During the six years Gluck led the firm (1988-1994), McKinsey doubled in size and expanded internationally (Asia, Eastern Europe, Latin America).

1/1/1992Net Worth: $15,000,000Source
Confidence
85%
1994Age 59

Term ended as McKinsey Managing Director; succeeded by Rajat Gupta

Completed two terms as Managing Director (1988-1994); Rajat Gupta succeeded him.

1/1/1994Net Worth: $18,000,000Source
Confidence
98%
1994Age 59

Joined The Bechtel Group as Vice Chairman and Director

Became Vice Chairman and a Director at engineering and construction firm The Bechtel Group (served 1994-1998).

1/1/1994Net Worth: $22,000,000Source
Confidence
95%
1995Age 60

Retired from McKinsey (end of 1967–1995 tenure)

Concluded active employment as a senior partner at McKinsey after ~28 years; transitioned to other industry roles.

1/1/1995Net Worth: $20,000,000Source
Confidence
98%
1997Age 62

Became Director at Amgen (approx. start)

Began service as a director of Amgen, Inc. (retired after 13 years in 2010); Bloomberg lists him as director.

1/1/1997Net Worth: $25,000,000Source
Confidence
85%
1998Age 63

Became Director of HCA, Inc.

Joined board of HCA, Inc., operator of hospitals and health care systems (served 1998–2007).

1/1/1998Net Worth: $25,500,000Source
Confidence
95%
1998Age 63

Rejoined McKinsey as Consultant

Rejoined McKinsey & Company as a consultant to the firm, serving 1998–July 2003.

1/1/1998Net Worth: $24,500,000Source
Confidence
95%
1998Age 63

Retired from Bechtel

Retired from The Bechtel Group in July 1998 after serving as Vice Chairman and Director.

7/1/1998Net Worth: $24,000,000Source
Confidence
95%
2000Age 65

Active philanthropic and advisory roles at UCSB and KITP

Became Chairman of the Advisory Council of the Kavli Institute for Theoretical Physics (KITP) and a member of the Executive Committee of the Kavli Foundation at UCSB; trustee of UCSB Foundation and involved in campaign steering committee.

1/1/2000Net Worth: $30,000,000Source
Confidence
80%
2000Age 65

Honorary doctorate from Hofstra University (date not specified in sources)

Holds an honorary doctorate from Hofstra University (official year not specified by sources; recorded by KITP profile).

1/1/2000Net Worth: $27,000,000Source
Confidence
50%
2000Age 65

Member / Director of multiple corporate and non-profit boards

Served on Harvard Business School Board of Directors of the Associates; Management Education Council of Wharton; Council on Foreign Relations; Board of International Executive Service Corps; Russell Reynolds Associates; Advisory Board of Tennenbaum Capital Partners; RAND Health advisory roles, etc.

1/1/2000Net Worth: $30,000,000Source
Confidence
85%
2004Age 69

Director of GVI Security Solutions

Served as a director of GVI Security Solutions Inc., a public video security solutions company (2004–2005).

1/1/2004Net Worth: $28,000,000Source
Confidence
90%
2006Age 71

Served as Chairman & CEO of CytomX (initial phase)

Acted as Chairman and CEO of CytomX during the first ~2 years to guide technology development and market definition.

1/1/2006Net Worth: $30,500,000Source
Confidence
90%
2006Age 71

Co-founded CytomX Therapeutics (founder)

Founded CytomX (initially a private venture) to commercialize technologies including microfluidics and tumor-activated therapeutics; served as Chairman & CEO during initial two years of development.

1/1/2006Net Worth: $30,000,000Source
Confidence
95%
2006Age 71

Presiding Director of HCA

Served as Presiding Director of HCA, Inc. during 2006–2007, prior to the company's LBO in 2007.

1/1/2006Net Worth: $29,000,000Source
Confidence
95%
2007Age 72

HCA LBO and end of HCA directorship

HCA underwent a leveraged buyout in 2007; Gluck's formal director service at HCA concluded that year (served 1998–2007).

1/1/2007Net Worth: $33,000,000Source
Confidence
90%
2007Age 72

Named first Lifetime Award winner of McKinsey Gluck Awards

McKinsey established the annual Gluck Awards for Knowledge Building and named Fred Gluck the first Lifetime Award winner at a conference of former Senior Partners.

1/1/2007Net Worth: $33,500,000Source
Confidence
70%
2008Age 73

Chairman of CytomX & Cynvenio (public note)

Since January 2008 served as chairman of both CytomX Therapeutics LLC and Cynvenio Biosystems LLC (private medical technology companies).

1/1/2008Net Worth: $32,000,000Source
Confidence
95%
2008Age 73

Spun off Cynvenio Biosystems from CytomX

CytomX activities led to a Cynvenio spin-off (2008); Gluck continued as chairman of both entities.

1/1/2008Net Worth: $32,500,000Source
Confidence
90%
2009Age 74

Funded Frederick W. Gluck Chair in Theoretical Physics at UCSB

Provided a gift of US$1,000,000 to endow the Frederick W. Gluck Chair of Theoretical Physics at UCSB, inspired and initially held by David Gross.

1/1/2009Net Worth: $32,000,000Source
Confidence
75%
2010Age 75

Retired from Amgen board after 13 years

Retired from 13 years of service as a director of AMGEN (Thousand Oaks, CA) in 2010.

1/1/2010Net Worth: $32,000,000Source
Confidence
90%
2010Age 75

Governor Emeritus / Long service at New York–Presbyterian and New York Hospital

Served many years in leadership at New York Hospital, became Vice-Chairman there before its merger with Columbia-Presbyterian and later held Emeritus status after long service (reported ~47 years of involvement with New York hospital activities).

1/1/2010Net Worth: $34,000,000Source
Confidence
70%
2013Age 78

Featured in books on McKinsey's history

Gluck's contributions to corporate strategy and McKinsey's development are discussed in Walter Kiechel's 'Lords of Strategy' and Duff McDonald's 'The Firm'.

1/1/2013Net Worth: $38,000,000Source
Confidence
90%
2015Age 80

Investor & Co-Chairman of TrueVision until sale to Alcon

Served as an investor and Co-Chairman of TrueVision (heads-up HDTV surgical systems) until its sale to Alcon (source notes sale but date unspecified; sale approximated here).

1/1/2015Net Worth: $50,000,000Source
Confidence
35%
2015Age 80

CytomX reported multiple clinical programs and partnerships

CytomX platform advanced to multiple clinical-stage programs and entered partnerships with Bristol-Myers Squibb, Amgen, AbbVie and ImmunoGen; company reported substantial non-dilutive financing and a strong balance sheet (source notes >$300M cash at time of writing).

1/1/2015Net Worth: $48,000,000Source
Confidence
60%
2015Age 80

CytomX Therapeutics listed on NASDAQ (IPO)

CytomX completed an initial public offering and listed on NASDAQ in October 2015.

10/1/2015Net Worth: $45,000,000Source
Confidence
95%
2016Age 81

Cynvenio renamed (now LungLife AI) and listed on London AIM (company milestone)

Cynvenio later became LungLife AI and pursued public listing on London's AIM exchange (dates for rename/listing are noted in source as occurring after its spin-off).

1/1/2016Net Worth: $49,000,000Source
Confidence
45%
2020Age 85

Active as entrepreneur, board advisor, and CEO counselor

After moving to Montecito (ca. 1998) continued as entrepreneur in biotech/medical equipment and provided CEO counseling on a retainer basis; remained active in civic and philanthropic leadership.

1/1/2020Net Worth: $52,000,000Source
Confidence
60%
2023Age 88

Listed as Director Emeritus and ongoing director roles

Listed in profiles (Wikipedia/Bloomberg/KITP) as Director Emeritus and director at public/private and non-profit organizations, including past director at Amgen and current chair roles for biotech companies.

1/1/2023Net Worth: $54,000,000Source
Confidence
60%

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