Doug Johnson and Tim Rice founded Johnson Rice in June of 1987 with two secretaries, a trader and a research analyst. The market crashed that October, a mere 4 months into their new enterprise. The firm weathered that storm and many others and today remains the last independent institutional research sales & trading firm and investment bank in New Orleans.
Doug went to school at University of Texas for undergraduate studies and received his MBA from Tulane University. He joined Howard Weil in 1967 as a broker and was one of the founders of their institutional sales & research efforts which at the time was a burgeoning segment of the financial industry. This original core effort is represented in the New Orleans Wall Street community today.
What has kept Doug on Wall Street for the majority of his career is an environment where advancement is not dependent on age, sex or race. A meritocracy where days are never boring whether during the highs and the lows and there is no limit to income. His wish for the legacy of the firm he helped found is that Johnson Rice remain independent and thrive in its New Orleans community.
Unconventional by nature and home to Johnson Rice & Company, New Orleans is a spirited city, rich in tradition and forging ahead to a bright future. Built on the influence of its revolving host of founders, New Orleans is a unique blend of different cultures, setting it apart from other metropolitans in America. While many questioned the ability of the city to recover from Hurricane Katrina, the city and its residents have strived to re-build New Orleans to exceed its pre-Katrina self.