CLAYTON--William L., of Green Village, NJ, passed away at home on June 7, 2013. He was 83 years old. Born in Tenafly, NJ, Mr. Clayton lived most of his life in Short Hills, NJ. Mr. Clayton attended LaSalle Military Academy. He graduated from Lehigh University in 1951 and later attended graduate school at New York University. He proudly served his country in the U.S. Air Force during the Korean War. Mr. Clayton joined E.F. Hutton's first training class in 1954. He became Vice President in 1964, advancing to Executive Vice President and a member of E.F. Hutton's Board of Directors. During his 38 years at E.F. Hutton, Mr. Clayton was the founder of Hutton Capital Management, a highly successful group that managed institutional and high net worth client assets. He was also known for the creation of the ad campaign, "When E.F. Hutton talks, people listen." In his last years at E.F. Hutton, he was instrumental in the design and construction of E.F. Hutton's new headquarters building at 31 West 52nd St., in New York. Mr. Clayton retired from Hutton's successor company, Morgan Stanley, in 2009, following a stellar 55-year career on Wall Street. Mr. Clayton's devotion to Lehigh University was unwavering. He served as member of the Board of Trustees for over 34 years and was a major fundraiser throughout his tenure. In 1984, he received the "L-in-Life" award for his service to the University. In 1987, Lehigh University awarded Mr. Clayton an Honorary L.L.D. degree. In addition, Mr. Clayton was a long-standing member of the Board of Directors of Stabler Companies, Inc. and the Standard Dredging Corp. Mr. Clayton also served on the Board of Trustees of Oak Knoll School in Summit, NJ; Blair Academy in Blairstown, NJ; and New Eyes for The Needy in Short Hills, NJ. In 1988, Mr. Clayton became a Knight in the Sovereign Order of Malta, an organization dedicated to the care of the sick and the poor. He was a long-time member of Baltusrol Golf Club in Springfield, NJ. Mr. Clayton was the loving husband of Carol, whom he married in 1951, and the devoted father of Andrew Clayton; Robin (William) Roach; Kathleen (David) Veshosky; Kevin (Lisa) Clayton, Susan (Glenn) Starkman; and Christopher (Carolyn) Clayton. He took great joy in his grandchildren: Meghan and Brendan Roach; Ryan, Todd, and Lauren Haselton; Jessica (Brian) Hess; Patrick and Grace Clayton; Alex, Taylor, and Chelsea Starkman; Emma and William Clayton; and his great-granddaughter, Georgia Anne Hess. Mr. Clayton is also survived by his beloved sister, Grace Folker of Portland, Maine and pre-deceased by his brother, Walter Clayton of Sarasota, Florida. In addition, he leaves behind his dedicated caretaker, Yvette Douglas. Friends and relatives may pay their respects on Tuesday, June 11, 2013 from 2:00-4:00pm and 7:00-9:00pm at Burroughs, Kohr & Dangler Funeral Home, 106 Main Street, Madison, NJ. A Roman Catholic funeral mass will be held at 11:00am on Wednesday, June 12, 2013 at Church of Christ the King, 16 Blue Mill Road, New Vernon, NJ. Interment will be private. In lieu of flowers, contributions can be made to the Carol and William L. Clayton Scholarship Fund, Lehigh University, 27 Alumni Memorial Drive West, Bethlehem, PA 18015.
Burroughs, Kohr & Dangler Funeral Home
106 Main Street
Madison, NJ 07940
Published in The New York Times on June 9, 2013