Stephen C. Hooley Biography

Stephen Hooley's first income phone conversation as DST Systems Inc.'s senior official focused on his vision for the firm. And with it came the somewhat inescapable parallels with his ancestor. DST announced Tom McDonnell's resignation in September. He stepped aside from the CEO position promptly, naming Hooley to take his place, and went into a non-official executive position until December. Hooley takes over as Kansas City-based DST (NYSE: DST) confronts open pressure to reduce non-core resources. Russell Glass, a New York lobbyist and financial expert, pressed DST to sell a year ago. The examination highlighted the organization's extensive noncore resources, including land, and prompted DST to hire a venture broker to evaluate the company structure. Despite the fact that the organization's board has sworn to remain independent, investors are watching to see what happens with DST's new CEO. Hooley didn't provide much clarity when the company released its financial results for the second from last quarter on Wednesday, but he did bring it up.

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