By  on October 27, 2011

Daniel Burke, who in 1968 as an executive of Capital Cities helped acquire Fairchild Publications, parent of Women’s Wear Daily, died Wednesday at 82 at his home in Rye, N.Y. The cause was complications of Type 1 diabetes.

Burke and Thomas Murphy, chairman of Capital Cities, formed a duo many management theorists and analysts believe was one of the best executive teams in business history. Their style was low-key and low ego, with no frills and no fuss. Burke and Murphy gave the managers of CapCities’ various business units immense autonomy to run their divisions so long as they hit the financial targets set by corporate headquarters. It was a strategy that created one of the best-run and most-admired media companies in the world and saw CapCities’ share price soar from the single digits to well over $700 a share before it split in 1994.

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