After his father's untimely death, the restaurant was passed down to him and his twin brother, Bernard, who would later become the first Ethics Commissioner of Canada and 14th principal of McGill University.

[9] Shapiro continues to live in Princeton, and is professor emeritus in the departments of economics and public policy at the university.

[10] He also served on the United States Olympic Committee for a number of years, and was a director of Dow Chemical Company.

[12] He is author of several books, including A Larger Sense of Purpose: Higher Education and Society (Princeton University Press, 2005).

In 2008, he was awarded the Clark Kerr Medal for Distinguished Leadership in Higher Education, presented annually by the University of California-Berkeley Academic Senate.

His daughter, Janet, is a professor of psychology and the dean of the Graduate School of Social Work at Bryn Mawr College.