Adding to a long list of professional honors, Richard L. Duchossois ’40 was recognized anew among our city’s most distinguished business leaders with his induction into the Chicago Business Hall of Fame by Junior Achievement of Chicago on Oct. 10, 2013.
Laureates are honored for their leadership in free enterprise, success in business, and community involvement. Past recipients include entrepreneurs, CEOs, and presidents of both public and private companies who have achieved extraordinary successes and continue to shape Chicago as an innovative city in which to conduct business. Laureates are featured in a permanent exhibit site at the Museum of Science and Industry.
Duchossois’ fellow 2013 laureates were William Goodyear, Executive Chairman of Navigant Consulting, Inc., and Jerry Reinsdorf, Chairman of the Chicago Bulls and the Chicago White Sox.
Duchossois is the founder and Chairman of The Duchossois Group, a family-owned company headquartered in Elmhurst, Illinois, that operates or owns major stakes in a diversified group of businesses involving consumer products, entertainment and venture capital.
After graduating from Morgan Park Military Academy, Duchossois was attending Washington and Lee University in Lexington, Virginia, when he was called to active military service. He served in five European campaigns and was awarded various citations before being released from active service as a Major in 1946.
From 1952-1980, Duchossois was Chief Executive Officer of Thrall Car Manufacturing Company, one of the nation’s leading rail car manufacturers. In 1980, he purchased Chamberlain Manufacturing Corp. and became its Chairman. In 1983, as Chairman of The Duchossois Group, he purchased Arlington Park Race Track, and led its resurrection after a disastrous fire in 1985.
In 2000, Arlington Park merged with Churchill Downs Incorporated, where Duchossois and two of his officers currently sit on the Board of Directors.
He also is the namesake and inaugural recipient of Morgan Park Academy’s highest award for alumni. The Richard L. Duchossois ’40 Integrity and Values Alumni Award is given annually in recognition of his lifetime achievements, outstanding professional success, and service to MPA, his community, and society.
Subsequent recipients include Ambassador Al Hoffman ‘52 and the late Spencer Stuart ’40.