Joseph L. Rice, III is the Founder of Clayton, Dubilier & Rice, LLC, a private investment firm, headquartered in New York City. He graduated from Williams College in 1954. Following graduation he enlisted in the United States Marine Corps and served as a Lieutenant from 1954 to 1957. He returned to Harvard Law School, graduating in 1960. Mr. Rice practiced law with Sullivan & Cromwell from 1960 to 1966 before joining Laird Incorporated, an investment banking firm. He founded Gibbons, Green & Rice, a management buyout firm, in 1969, and Clayton, Dubilier & Rice in 1978. Mr. Rice is Trustee of The Chapin School and a Trustee Emeritus of Williams College. He is a member of the Council on Foreign Relations, and The Brookings Institution. Areas of interest: private equity, education and philanthropy.