A Mass for former township resident William L. Clayton will be held Wednesday, June 12, at 11 a.m., at Church of Christ the King, 16 Blue Mill Road, New Vernon. Interment will be private. Visitation will be held Tuesday, June 11, from 2 to 4 p.m. and from 7 to 9 p.m. at Burroughs, Kohr & Dangler Funeral Home, 106 Main St., Madison.
Mr. Clayton, 83, died June 7 at home in Green Village.
Born in Tenafly, he lived most of his life in Short Hills.
Mr. Clayton attended LaSalle Military Academy. He graduated from Lehigh University in 1951 and later attended graduate school at New York University. He served the 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 founder of Hutton Capital Management, which 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." During his last years at E.F. Hutton, he was instrumental in the design and construction of E.F. Hutton's successor company Morgan Stanley, in 2009, following a 55-year career on Wall Street.
At Lehigh University, 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 doctor of law degree.
In addition, he. was a long-standing member of the board of directors of Stabler Companies, Inc. and the Standard Dredging Corp. He also served on the board of trustees of Oak Knoll School in Summit, Blair Academy in Blairstown and New Eyes for the Needy in the township. In 1988, he 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.
Mr. Clayton is survived by his wife, Carol; three sons, Andrew, Kevin and Christopher; three daughters, Robin Roach, Kathleen Veshosky and Susan Starkman; a sister, Grace Folker; 13 grandchildren and one great-grandchild.
In lieu of flowers, donations may 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 Item of Millburn and Short Hills on June 11, 2013