Richard P. Simmons, known as "Dick", was born in 1931 and went to Massachusetts Institute of Technology (MIT) in 1949. He became a metallurgist at the Allegheny Ludlum Steel corporation in Pittsburgh. He then worked for other steel companies before returning to become the chief executive of Allegheny, taking it public and then leading a management buyout. Having become wealthy, he then created a variety of endowments at MIT.
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