The history of the investor relations profession is not very long. It is a young specialization that is still forming today. Yet it is possible to recognize two separate periods in the historic development of investor relations in the United States: the communication era and the financial era. The beginning of the communication era can generally be dated back to 1945, while the start of the financial era dates back to 1975. The present era of investor relations, synergy era, started in 2002.
The earliest mention of the investor relations function can be traced back to Ralth Cordiner, a chairman of General Electric, who in 1953 created a department in charge of all shareholder communications. ...