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Announcing the Passing of Tippie Emeritus Professor Robert Soldofsky

The Tippie College of Businessis sad to announce the death of Robert M. Soldofsky, a long-time member of the College's finance faculty and former holder of the John F. Murray Professorship in Finance. He passed away on August 4 at the age of 89 at University of Iowa Hospitals and Clinics after battling Parkinson’s and congestive heart disease. He was just shy of his 90th birthday.

Soldofsky joined the faculty at Iowa in 1954 after having worked for the United States Wage Stabilization Board in Kansas City, Mo., and the Ford Motor Company. He was well known for his books, Institutional Holdings of Common Stock, 1900-2000, and a textbook widely used in the field of finance, Financial Management, (coauthored by Garnett Olive).  He was also coeditor of Frontiers of Financial Management (with William Serration and Surendra Singhvi).   

He was the founder and first director of the Financial Management Association, past president of the Midwest Finance Association, and editor of the Journal of the Midwest Finance Association in the mid-1980s. He also served as the associate editor of The Journal of Finance.

Before retiring from teaching in 1990, Soldofsky became one of the chief architects of The University of Iowa's retirement system, serving on the Retirement and Insurance Committee from 1978 to 1990. He was frequently sought out as a consultant to business and government institutions on retirement and investment issues. He was an expert witness in the 1985 Labor Department ERISA (Employment, Retirement, Insurance Security Act) hearings. 

He retired fully from The University of Iowa in 1990 and went on to write a weekly column for the Iowa City Press-Citizen on topics of personal finance and other financial topics of local, statewide, and national interest. 

Born in St. Louis, Soldofsky graduated from St. Louis University with an accounting degree.  He went on to earn a Ph.D. in economics and finance from Washington University. While at St. Louis University, he was a track-and-field athlete, holding school and Missouri state records in the 100-yard dash and 220-yard high-hurdles. After a career as a record-setting high school sprinter in St. Louis, he was invited to participate in the 1938 regional Olympic trials. 

He is survived by his wife, the artist Marcella (Micki) Soldofsky, of Iowa City; his son, Alan D. Soldofsky, a poet and director of Creative Writing at San José State University in San José, Calif.; and his daughter, Sue Anne Schmuck, cofounder and owner of the New Mexico Piano Service in Albuquerque, N.Mex.


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