He came to Princeton from Andrean High School in Gary, Ind., where he participated in the Dramatics Club, debating team, National Honor Society, and football, swimming, and track. At Princeton Jay majored in politics, writing his thesis for Professor H.H. Wilson on “The FBI and its Role in Civil Rights.” He roomed with Bill Koch and Pete Safir at 131 1901 Hall, and was a member of Cannon Club, a Commons captain, and in the Pre-Law Society, intending to go to law school.
Instead of law, Jay went to the University of Chicago business school, graduating in 1970 with his MBA. He joined Salomon Brothers, becoming managing partner in 1979, then a vice chariman and executive committee member before retiring in 1992. He was a founder-partner in a small investment firm, Bengal Partners, and later of another startup firm, Direxion Funds.
Jay’s successful Wall Street career permitted him, with several Wall Street friends, to purchase the Waterville House and Golf Links in County Kerry, Ireland, where he spent summers with his wife, Gail; children; and grandchildren often visiting. Friends and classmates were also hosted on occasion.
Jay is survived by Gail and children Maura, Kerry, Erin, and Conor.