Daniel R. Butler, who helped build Delaware-based CSC into a national company, died unexpectedly on Feb. 5.
Butler 87, resided in Media, PA and was a longtime resident of Wallingford, PA.
Born and reared in Mt. Victory, Ohio, Dan graduated in 1954 from Ohio Wesleyan University, with a double-major in journalism and history.
After college, he served in the US Air Force from 1954 -1957 as a pilot, carrying paratroopers in C-119 transport planes. Returning to Ohio, he took a job in the Admissions office of Ohio Wesleyan, while attending business school at Ohio State in the evenings.
Butler accepted a job with Wellington Management Company in Philadelphia in 1961 and graduated with his MBA in 1962. At Wellington, Dan was active in the growing mutual fund industry, working 12 years for Jack Bogle, who later founded Vanguard.
Inspired while attending Harvard Business School’s Advanced Management Program in 1973, Butler started his own business in 1974 with his wife Linda, operating out of an extra bedroom. The weekly Butler Money Fund Report was the first publication that tracked the holdings of specific money market funds and reported on industry changes in the emerging money market fund marketplace. He sold the newsletter several years later. Still published, it is now known as the iMoneyNet Money Fund Report.
In 1975, Butler took the CEO position at privately held Corporation Service Company now CSC. Thesmall company providing incorporation services in the State of Delaware.
Over the next 38 years, Butler and staff expanded the incorporation company beyond Delaware, retiring as chairman in 2013. CSC is now a global business services company.
In 2013, Butler was inducted into the Delaware Business Leaders Hall of Fame.
Butler also servied two elected terms as Nether Providence Township Commissioner, and as Judge of Elections. He taught Sunday School and served as the Finance Committee Chairman of both the Swarthmore Methodist Church and The Old Mill in Rose Valley.
For many years, Dan served as Board Member at the National Constitution Center; he was also a two-term Board member of the Riddle Village retirement community and belonged to both the Union League of Philadelphia and the Wilmington Club.
Due to the pandemic, no services are planned at present.
The family offered the names of two organizations for memorial donations in Dan’s name -The National Constitution Center, Philadelphia or Ohio Wesleyan University.