Analysis: Rocked by scandal, The Nature Conservancy faces troubled times
The Great Recession hadn’t yet found its bottom when Mark Tercek, an investment banker from Cleveland, left his job at Goldman Sachs in 2008 for another challenge: saving the planet from climate change and environmental destruction. And he was going to use his Wall Street experience to do it.
In the following decade, Tercek rang up big results as CEO of The Nature Conservancy, the world’s largest environmental organization: Revenues doubled, to more than $1 billion. Operations expanded to dozens more countries. Corporate partners like Coca-Cola, BP and JPMorgan Chase signed up to further the group’s work of protecting rain forests, coral reefs and other imperiled habitats.