Arkansas Business' 'Gone but Not Forgotten' (25th Anniversary)

by Arkansas Business Staff  on Monday, Mar. 23, 2009 12:00 am  

Fay Jones, architect of the Thorncrown Chapel near Eureka Springs, died in 2004.

Ramsay died in 2004.

16. Fay Jones
When he first started school at the University of Arkansas at Fayetteville, the only architecture classes E. Fay Jones could choose from were in the engineering department. When the university started a new program under the direction of John Williams, Jones enrolled. By 1974, Jones was the first dean of the university's school of architecture.

Early in his career, Jones struck up a friendship with Frank Lloyd Wright, the most recognized name in American architecture. Jones apprenticed and worked with Wright off and on after World War II, with Wright's organic style influencing Jones.

Jones earned the American Institute of Architect's Gold Medal in 1990. His Thorncrown Chapel near Eureka Springs was ranked fourt, right, on the AIA's top designs of the 20th century.

Jones died in 2004.

17. Jack Stephens
Jackson T. "Jack" Stephens joined his brother, Witt, at Stephens Inc., an investment firm Witt Stephens founded to trade Arkansas municipal bonds. Jack Stephens became CEO in 1956, when the brothers united, and held the job until 1986, when his son, Warren Stephens, took the helm.

Under Jack's leadership, Stephens Inc. became one of the largest investment banks in the mid-South. And Jack Stephens' business sense helped the company cash in on Alltel Corp.'s 1990 purchase of Systematics, an information technology company. The company sold for $528 million in stock. Stephens Group Inc. owned 48 percent of the company's stock at the time.

Stephens' acumen also helped the firm make more than $350 million by spending $30 million to recapitalize Worthen Banking Corp. in 1985.

Jack Stephens shared some of his success with the world, donating to a number of charities. His $48 million gift to UAMS, the institution's largest ever, allowed the medical school to build the Spine & Neurosciences Institute that now bears Stephens' name.

Jack Stephens died in 2005.

18. Ernest Joshua
Ernest P. Joshua Sr. started his company, J.M. Products Inc. of Little Rock, in the mid-1970s by himself.

The company, which now has operations in the Caribbean and Africa, has since become one of the largest manufacturers of ethnic hair care products in the nation. It maintains its headquarters and two production facilities in North Little Rock and Little Rock.



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