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Following his elevation to CEO in 1987, he was instrumental in turning around Bank of Boston while steering it through the banking crisis of the late ?80's/early ?90's in what some analysts described as one of the most remarkable turnarounds in banking history. When he retired in 1995, the Bank had reversed a $395 million loss in 1990 to a $541 million profit in 1995.
Ira has served on numerous for-profit and non-profit boards including GenTek Inc.; Liberty Mutual; N.E. Telephone; Mass General Hospital; Museum of Fine Arts; Tufts University; and Museum of Science where he served as Chairman for 4 years, among others...
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