Darla Moore
Encyclopedia
Darla Dee Moore is a partner of the private investment firm Rainwater, Inc, and is married to Richard Rainwater
, who founded the firm.
She is a pioneering woman in the banking industry and a benefactor to many institutions in her home state of South Carolina
.
. She graduated from the University of South Carolina
in 1975 with a BA
in Political Science
. After school, she worked for the Republican National Committee in Washington, DC.
In 1981, Moore received an MBA from George Washington University
and joined other MBAs at the Chemical Bank’s training program. During the 1980s, Moore made a name for herself by taking over companies in bankruptcy and making them profitable. By the early 1990s, she was the highest-paid woman in banking.
In 1991, Moore married Richard Rainwater
. She was named president of Rainwater, Inc, in 1993. Fortune Magazine named Moore one of the 50 Most Powerful Women In Business in 1998 and 1999. Moore is credited with increasing the Rainwater family fortune and also dismissing future Florida Governor Rick Scott from Columbia/HCA when a medicare related scandal broke. Scott and Mr. Rainwater were partners in the Texas Rangers baseball team with Texas Governor George W. Bush. Another top executive with Columbia/HCA was the brother of Tennessee Senator Frist. See the September 8, 1997 issue of Fortune magazine.
Moore and her husband spend most of their time in Lake City in a house built on a plantation that has been in the Moore family for six generations. The couple also owns homes in New York City
, Folsom, California
and Charleston, South Carolina
.
In 2011, Gov. Nikki Haley
removed Darla Moore from the University of South Carolina board. Moore was replaced with Tommy Cofield.
Here is a link to an addtional article on timeline of the decision to replace Moore with a survey of opinion about the matter.
Richard Rainwater
-Early life:The son of a wholesale grocer, he grew up in Fort Worth, Texas. He graduated from the University of Texas with a degree in mathematics, where he was a member of the Tau chapter of the Kappa Sigma fraternity. He was recognized by the national organization in 1996 as Kappa Sigma Man of...
, who founded the firm.
She is a pioneering woman in the banking industry and a benefactor to many institutions in her home state of South Carolina
South Carolina
South Carolina is a state in the Deep South of the United States that borders Georgia to the south, North Carolina to the north, and the Atlantic Ocean to the east. Originally part of the Province of Carolina, the Province of South Carolina was one of the 13 colonies that declared independence...
.
Biography
Moore was born to Eugene and Loraine Moore in Lake City, South CarolinaLake City, South Carolina
Lake City is a city in Florence County, South Carolina, United States. The population was 6,478 at the 2000 census...
. She graduated from the University of South Carolina
University of South Carolina
The University of South Carolina is a public, co-educational research university located in Columbia, South Carolina, United States, with 7 surrounding satellite campuses. Its historic campus covers over in downtown Columbia not far from the South Carolina State House...
in 1975 with a BA
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in Political Science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...
. After school, she worked for the Republican National Committee in Washington, DC.
In 1981, Moore received an MBA from George Washington University
George Washington University
The George Washington University is a private, coeducational comprehensive university located in Washington, D.C. in the United States...
and joined other MBAs at the Chemical Bank’s training program. During the 1980s, Moore made a name for herself by taking over companies in bankruptcy and making them profitable. By the early 1990s, she was the highest-paid woman in banking.
In 1991, Moore married Richard Rainwater
Richard Rainwater
-Early life:The son of a wholesale grocer, he grew up in Fort Worth, Texas. He graduated from the University of Texas with a degree in mathematics, where he was a member of the Tau chapter of the Kappa Sigma fraternity. He was recognized by the national organization in 1996 as Kappa Sigma Man of...
. She was named president of Rainwater, Inc, in 1993. Fortune Magazine named Moore one of the 50 Most Powerful Women In Business in 1998 and 1999. Moore is credited with increasing the Rainwater family fortune and also dismissing future Florida Governor Rick Scott from Columbia/HCA when a medicare related scandal broke. Scott and Mr. Rainwater were partners in the Texas Rangers baseball team with Texas Governor George W. Bush. Another top executive with Columbia/HCA was the brother of Tennessee Senator Frist. See the September 8, 1997 issue of Fortune magazine.
Moore and her husband spend most of their time in Lake City in a house built on a plantation that has been in the Moore family for six generations. The couple also owns homes in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, Folsom, California
Folsom, California
Folsom is a city in Sacramento County, California, United States. Folsom is most commonly known for its famous Folsom Prison. The population was 72,203 at the 2010 census....
and Charleston, South Carolina
Charleston, South Carolina
Charleston is the second largest city in the U.S. state of South Carolina. It was made the county seat of Charleston County in 1901 when Charleston County was founded. The city's original name was Charles Towne in 1670, and it moved to its present location from a location on the west bank of the...
.
In 2011, Gov. Nikki Haley
Nikki Haley
Nimrata Nikki Randhawa Haley is the 116th and current Governor of South Carolina. A member of the Republican Party, Haley represented Lexington County in the South Carolina House of Representatives from 2005 to 2010....
removed Darla Moore from the University of South Carolina board. Moore was replaced with Tommy Cofield.
Here is a link to an addtional article on timeline of the decision to replace Moore with a survey of opinion about the matter.
Philanthropy
Moore has given many gifts to institutions that benefit the public. Some of her gifts include:- 1998 — $25 million to the business school at the University of South CarolinaUniversity of South CarolinaThe University of South Carolina is a public, co-educational research university located in Columbia, South Carolina, United States, with 7 surrounding satellite campuses. Its historic campus covers over in downtown Columbia not far from the South Carolina State House...
, which renamed it the Moore School of BusinessMoore School of BusinessThe Darla Moore School of Business is the business school of University of South Carolina in Columbia, South Carolina, United States. Founded in 1919, the Moore School has a special focus on international business. It currently enrolls over 4,800 students in degree-seeking programs...
; - 2002 — Founded the Palmetto Institute, an independent non-profit organization focused on increasing the wealth of every person in South Carolina;
- 2003 — $10 million to the School of Education at Clemson UniversityClemson UniversityClemson University is an American public, coeducational, land-grant, sea-grant, research university located in Clemson, South Carolina, United States....
; the university has renamed the school the Eugene T. Moore School of Education in honor of her father, a Clemson alumnus and former teacher, coach, and principal in Lake City; - 2005 — an additional $45 million to the Moore School of BusinessMoore School of BusinessThe Darla Moore School of Business is the business school of University of South Carolina in Columbia, South Carolina, United States. Founded in 1919, the Moore School has a special focus on international business. It currently enrolls over 4,800 students in degree-seeking programs...
; - 2011 — $5 million to the Aerospace Research Center at the University of South CarolinaUniversity of South CarolinaThe University of South Carolina is a public, co-educational research university located in Columbia, South Carolina, United States, with 7 surrounding satellite campuses. Its historic campus covers over in downtown Columbia not far from the South Carolina State House...
;