David G. Bronner
Encyclopedia
David George Bronner is an American
businessman. He is best known as the head of Retirement Systems of Alabama
(RSA), the pension fund
for employees of the State of Alabama
.
Bronner is the son of George David and Marge Bronner. He received his elementary and high school
education in Austin, Minnesota
. He obtained his Bachelor of Arts
and Master of Arts
degrees at Mankato State University (now Minnesota State University, Mankato
), in Mankato, Minnesota
.
From 1967 to 1969, Bronner was an instructor in the School of Business and Finance at Mankato State.
He then entered the University of Alabama
at Tuscaloosa, where he earned a law degree in 1971 and a Ph.D.
in 1972.
After teaching in various graduate schools of Education and Business, he was appointed as assistant dean
of the Law School at the University of Alabama. Shortly thereafter, Bronner took his present job with RSA in 1973. At that time RSA had approximately $500 million of funds and was owed $1.5 billion by the state. By the end of 2007, the RSA had amassed over $32 billion in investments, making the RSA pension fund the 43rd largest pension fund in the United States.
The growth in RSA's asset base is largely the result of a number of highly-public developments and acquisitions. To those in Alabama, the most visible RSA development is the highly successful Robert Trent Jones Golf Trail
, which features eleven golf course
complexes throughout the state and attracts considerable tourist revenue and out-of-state publicity. Bronner directed the fund to purchase a large interest in US Airways
, which resulted in him briefly serving as the airline's chairman. RSA has also been a major backer of Community Newspaper Holdings
, a chain of over 100 small-market newspaper
s based in Birmingham, Alabama
. The RSA Battle House Tower
in Mobile, Alabama
is another of Bronner's developments. He also directed the RSA to purchase Raycom Media
, now the fifth largest owner of local television stations, with over 50, in the nation.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman. He is best known as the head of Retirement Systems of Alabama
Retirement Systems of Alabama
Retirement Systems of Alabama is the administrator of the pension fund for employees of the state of Alabama. It is headquartered in Montgomery, Alabama. David G. Bronner is the chief executive officer....
(RSA), the pension fund
Pension fund
A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
for employees of the State of Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
.
Bronner is the son of George David and Marge Bronner. He received his elementary and high school
High school
High school is a term used in parts of the English speaking world to describe institutions which provide all or part of secondary education. The term is often incorporated into the name of such institutions....
education in Austin, Minnesota
Austin, Minnesota
As of the census of 2000, there were 23,314 people, 9,897 households, and 6,076 families residing in the city. The population density was 2,168.2 people per square mile . There were 10,261 housing units at an average density of 954.3 per square mile...
. He obtained his Bachelor of Arts
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...
and Master of Arts
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
degrees at Mankato State University (now Minnesota State University, Mankato
Minnesota State University, Mankato
Minnesota State University, Mankato is a public four-year university located in Mankato, Minnesota, a community of 53,000 located southwest of Minneapolis-St. Paul. As of Fall 2011, the student body is the third-largest in the state of Minnesota with over 15,000 students...
), in Mankato, Minnesota
Mankato, Minnesota
Mankato is a city in Blue Earth, Nicollet, and Le Sueur counties in the U.S. state of Minnesota. The population was 39,309 at the 2010 census, making it the fourth largest city in Minnesota outside of the Minneapolis-St. Paul metropolitan area. The county seat of Blue Earth County, it is located...
.
From 1967 to 1969, Bronner was an instructor in the School of Business and Finance at Mankato State.
He then entered the University of Alabama
University of Alabama
The University of Alabama is a public coeducational university located in Tuscaloosa, Alabama, United States....
at Tuscaloosa, where he earned a law degree in 1971 and a Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
in 1972.
After teaching in various graduate schools of Education and Business, he was appointed as assistant dean
Dean (education)
In academic administration, a dean is a person with significant authority over a specific academic unit, or over a specific area of concern, or both...
of the Law School at the University of Alabama. Shortly thereafter, Bronner took his present job with RSA in 1973. At that time RSA had approximately $500 million of funds and was owed $1.5 billion by the state. By the end of 2007, the RSA had amassed over $32 billion in investments, making the RSA pension fund the 43rd largest pension fund in the United States.
The growth in RSA's asset base is largely the result of a number of highly-public developments and acquisitions. To those in Alabama, the most visible RSA development is the highly successful Robert Trent Jones Golf Trail
Robert Trent Jones Golf Trail
The Robert Trent Jones Golf Trail is a collection of championship caliber golf courses, designed by Robert Trent Jones, Sr., distributed across the state of Alabama, as part of investments by the Retirement Systems of Alabama. The Trail started with 378 holes at eight sites throughout the state,...
, which features eleven golf course
Golf course
A golf course comprises a series of holes, each consisting of a teeing ground, fairway, rough and other hazards, and a green with a flagstick and cup, all designed for the game of golf. A standard round of golf consists of playing 18 holes, thus most golf courses have this number of holes...
complexes throughout the state and attracts considerable tourist revenue and out-of-state publicity. Bronner directed the fund to purchase a large interest in US Airways
US Airways
US Airways, Inc. is a major airline based in the U.S. city of Tempe, Arizona. The airline is an operating unit of US Airways Group and is the sixth largest airline by traffic and eighth largest by market value in the country....
, which resulted in him briefly serving as the airline's chairman. RSA has also been a major backer of Community Newspaper Holdings
Community Newspaper Holdings
Community Newspaper Holdings, Inc. is a publisher of newspapers and advertising-related publications throughout the eastern part of the United States. The company was formed in 1997 by Ralph Martin, and is based in Birmingham, Alabama. The company is financed by the Retirement Systems of...
, a chain of over 100 small-market newspaper
Newspaper
A newspaper is a scheduled publication containing news of current events, informative articles, diverse features and advertising. It usually is printed on relatively inexpensive, low-grade paper such as newsprint. By 2007, there were 6580 daily newspapers in the world selling 395 million copies a...
s based in Birmingham, Alabama
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
. The RSA Battle House Tower
RSA Battle House Tower
The RSA Battle House Tower is located in Mobile, Alabama and is Alabama's tallest building. The building is owned by the Retirement Systems of Alabama . It is the tallest on the Gulf Coast of the United States outside of Houston. It replaces the Wells Fargo Tower in Birmingham as the tallest...
in Mobile, Alabama
Mobile, Alabama
Mobile is the third most populous city in the Southern US state of Alabama and is the county seat of Mobile County. It is located on the Mobile River and the central Gulf Coast of the United States. The population within the city limits was 195,111 during the 2010 census. It is the largest...
is another of Bronner's developments. He also directed the RSA to purchase Raycom Media
Raycom Media
- History :Although Raycom Media dates its birth to 1996, the core of the company was formed in 1992 when Atlanta native Bert Ellis formed Ellis Communications. He eventually controlled 13 television stations and two radio stations....
, now the fifth largest owner of local television stations, with over 50, in the nation.