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Eddie Lampert
Edward Scott Lampert (born July 19, 1962) is an American billionaire businessman. He is the former chief executive and chairman of Sears Holdings, the founder of Transformco, and the founder, chairman, and chief executive of ESL Investments. Until May 2007, he was a director of AutoNation. He was a director of AutoZone from 1999 to 2006. As of October 2021, his net worth was estimated at US$2 billion. Early life and education Lampert was born in 1962 to Dolores Lampert and Floyd M. Lampert. He is Jewish. His mother was a housewife. His father was a senior partner in the law firm of Lampert & Lampert in New York City. He has a younger sister Tracey. Lampert's grandmother was a passive investor and a fan of Louis Rukeyser's ''Wall Street Week'' television program. She instilled in him an interest in investing. His mother would later recall that young Eddie would sit with his grandmother reviewing and evaluating the performance of her stock picks in the daily newspaper. Lampert's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roslyn, New York
Roslyn ( ) is a village in the Town of North Hempstead in Nassau County, on the North Shore of Long Island, in New York, United States. It is the Greater Roslyn area's anchor community. The population was 2,988 at the time of the 2020 census. History Roslyn was initially settled by colonists in the year 1643. It was originally called Hempstead Harbor, but its name was changed to Roslyn in 1844 due to postal confusion regarding all the other "Hempsteads" scattered about Long Island. The name "Roslyn" was selected as the new name, as its location in a valley reminded officials of Roslin, Scotland. In 1931, Gerry Park – a large park in the center of the village – opened. Roslyn was incorporated as a village on January 11, 1932. Its first Mayor was Albertson W. Hicks, who was unanimously elected two days later, on January 13. In the late 1940s, the 217-unit Roslyn Gardens co-op development was built. Located off of Warner Avenue, it was built in part with funding from Ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNN Money
CNN Business (formerly CNN Money) is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner's '' Fortune'' and '' Money'' magazines. Since the spin-off of Time Warner's publishing assets as Time Inc. (and their subsequent sale to Meredith Corporation and later, to IAC's Dotdash), the site has since operated as an affiliate of CNN. History CNN Money launched in 2001, replacing CNNfn's website. Time Warner had also announced an intention to relaunch the CNNfn television network under the CNN Money moniker, but those plans were apparently scrapped. Prior to June 2014, the website was operated as a joint venture between CNN and two Time Warner-published business magazines; '' Fortune'' and '' Money''. In June 2014, Time Warner's publishing assets were spun-out as Time Inc.; as a result, all three properties launched separate web presences, and CNN Money introduced a new logo that removed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929. Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024. History 1929–2008: ''Businessweek'' ''The Business Week'' was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to ''Business Week'' in 1934. Originally published as a resource for business managers, the magazine shifted its s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Geffen
David Lawrence Geffen (born February 21, 1943) is an American film producer, record executive, and media proprietor. In music, he co-founded Asylum Records with Elliot Roberts in 1971 before founding Geffen Records in 1980, DGC Records in 1990, and co-founding DreamWorks Records (with Mo Ostin, Michael Ostin and Lenny Waronker) in 1996. In film, he founded the Geffen Film Company in 1982 and co-founded DreamWorks SKG (with Steven Spielberg and Jeffrey Katzenberg) in 1994. According to ''Forbes'', he is the wealthiest person in the global entertainment industry with an estimated net worth of US$9 billion. Early life and education David Geffen was born in Borough Park, Brooklyn, New York, to Abraham Geffen and Batya Volovskaya (1909–1988). Geffen's mother owned a clothing store in Borough Park called Chic Corsets by Geffen. Both of his parents were Jewish immigrants who met in Mandatory Palestine and then moved to the United States. His older brother Mitchell (bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seed Money
Seed money, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests that this is a very early investment, meant to support the business until it can generate cash of its own (see cash flow), or until it is ready for further investments. Seed money options include friends and family funding, seed venture capital funds, angel funding, and crowdfunding. Usage Traditionally, companies that have yet to meet listing requirements or qualify for bank loans, recognize VC as providers of financial support and value added services. Seed money can be used to pay for preliminary operations such as market research and product development. Investors can be the founders themselves, using savings and loans. They can be family members and friends of the founders. Investors can also be outside angel investors, venture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nantucket Island
Nantucket () is an island in the state of Massachusetts in the United States, about south of the Cape Cod peninsula. Together with the small islands of Tuckernuck and Muskeget, it constitutes the Town and County of Nantucket, a combined county/town government. Nantucket is the southeasternmost town in both Massachusetts and the New England region. The name "Nantucket" is adapted from similar Algonquian names for the island. Nantucket is a tourist destination and summer colony. Due to tourists and seasonal residents, the population of the island increases to around 80,000 during the summer months. The average sale price for a single-family home was $2.3 million in the first quarter of 2018. The National Park Service cites Nantucket, designated a National Historic Landmark District in 1966, as being the "finest surviving architectural and environmental example of a late 18th- and early 19th-century New England seaport town." History Etymology Nantucket probably takes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Rainwater
Richard Edward Rainwater (June 15, 1944 – September 27, 2015) was an American investor and philanthropist. With an estimated net worth of $3 billion, he ranked 211th on the Forbes 400 in 2015. His investing style was described as "analytically rigorous but opportunistic and Texas-sized in its audacity." Rainwater was a mentor and early backer of investors including Eddie Lampert, Roger Staubach, and David Bonderman. Between 2009 and his death in 2015, he suffered from progressive supranuclear palsy, a rare disease involving neurodegeneration. During his lifetime, Rainwater donated over $380 million to charitable causes and left nearly all of his estate to his charitable foundation. Early life Richard Rainwater was born in Fort Worth, Texas, in 1944. He grew up in a family of entrepreneurs and investors, and was exposed to the world of business and finance at an early age. Rainwater's father, Sam, was a successful businessman and investor, who owned a number of companies in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenwich, Connecticut
Greenwich ( ) is a New England town, town in southwestern Fairfield County, Connecticut, United States. As of the 2020 United States census, 2020 census, it had a population of 63,518. It is the largest town on Gold Coast (Connecticut), Connecticut's affluent Gold Coast. Greenwich is home to many hedge funds and financial services firms due to its residential setting and proximity to Manhattan. Greenwich is a principal community of the Greater Bridgeport, Bridgeport–Stamford–Norwalk–Danbury metropolitan statistical area, which comprises all of Fairfield County, and is part of both the greater New York metropolitan area and the Western Connecticut Planning Region, Connecticut, Western Connecticut Planning Region. The town is the southwesternmost municipality in both the State of Connecticut and the six-state region of New England. The town is named after Greenwich, a List of place names with royal patronage in the United Kingdom, royal borough of London in the United Kingdom. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Rubin
Robert Edward Rubin (born August 29, 1938) is an American retired banking executive, lawyer, and former Federal government of the United States, government official. He served as the 70th United States Secretary of the Treasury, U.S. secretary of the treasury during the Presidency of Bill Clinton, Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992. Rubin is credited as a force behind Clinton-era economic prosperity, including the Omnibus Budget Reconciliation Act of 1993, 1993 Deficit Reduction Act and Balanced Budget Act of 1997. However, critics of Rubin have since argued that the bank-friendly policies he supported contributed to the 2008 financial crisis. As of 2024, Rubin is active in several organizations, including as a co-founder of Hamilton Project, The Hamilton Project, as co-chair emeritus of the Council on Foreign Relations, and as a senior counselor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Arbitrage
Risk arbitrage, also known as merger arbitrage, is an investment strategy that speculates on the successful completion of mergers and acquisitions. An investor that employs this strategy is known as an arbitrageur. Risk arbitrage is a type of event-driven investing in that it attempts to exploit pricing inefficiencies caused by a corporate event. Basics Mergers In a merger, one company, the acquirer, makes an offer to purchase the shares of another company, the target. As compensation, the target will receive cash at a specified price, the acquirer's stock at specified ratio, or a combination of the two. In a cash merger, the acquirer offers to purchase the shares of the target for a certain price in cash. The target's stock price will most likely increase when the acquirer makes the offer, but the stock price will remain below the offer value. In some cases, the target's stock price will increase to a level above the offer price. This would indicate that investors expect t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the ''Fortune'' 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phi Beta Kappa
The Phi Beta Kappa Society () is the oldest academic honor society in the United States. It was founded in 1776 at the College of William & Mary in Virginia. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, and to induct outstanding students of arts and sciences at select American colleges and universities. Since its inception, its inducted members include 17 President of the United States, United States presidents, 42 Supreme Court of the United States, United States Supreme Court justices, and 136 Nobel Prize, Nobel laureates. History Origins The Phi Beta Kappa Society had its first meeting on December 5, 1776, at the College of William & Mary in Williamsburg, Virginia by five students, with John Heath as its first President. The society established the precedent for naming American college societies after the initial letters of a secret Greek motto. The group consisted of students who frequented the Raleigh Tavern as a common meeting ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
