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Saul Steinberg (businessman)
Saul Phillip Steinberg (August 13, 1939December 7, 2012) Note that this source, and the majority, spell his middle name ''Phillip'', while others spell it ''Philip''. was an American businessman and financier. He became a millionaire before his 30th birthday and a billionaire before his 40th birthday. He started a computer leasing company (Leasco), which he used in an audacious and successful takeover of the much larger Reliance Insurance Company in 1968. He was best known for his unsuccessful attempts to take over Chemical Bank in 1969 and Walt Disney Productions in 1984.Berkman, Johanna"Fall of the House of Steinberg" ''New York'', June 19, 2000 Early life Steinberg was born to a Jewish family on August 13, 1939, and grew up in Brooklyn, New York, the son of Julius and Anne Cohen Steinberg. He had one brother, Robert Steinberg, and two sisters, Roni Sokoloff and Lynda Jurist.Eaton, Leslie ''The New York Times'', September 9, 2000 Steinberg finished a degree from the Wharton ...
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Wharton School
The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton School is the world's oldest collegiate business school. It is one of six Ivy League Business Schools, and is the business school which has produced the highest number of billionaires in America and the 45th and 47th U.S. president Donald Trump. The Wharton School awards undergraduate and graduate degrees with a school-specific economics major and concentrations in over 18 disciplines in Wharton's academic departments. The undergraduate degree is a general business degree focused on core business skills. At the graduate level, the Master of Business Administration program can be pursued by itself or along with dual studies leading to a joint degree from its law, engineering, and government schools. In addition to its tracks in accounti ...
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Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than $1 trillion in total assets under management, making it the world's largest alternative investment firm. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with (equivalent to $million in ) in seed capital. The founders derived their firm's name from their names: "Schwarz" is German for ...
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The Story Of The World's Richest Apartment Building
''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun ''thee'') ...
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John Brooks (writer)
John Brooks (December 5, 1920 – July 27, 1993) was a writer and longtime contributor to ''The New Yorker'' magazine, where he worked for many years as a staff writer, specializing in financial topics. Brooks was also the author of several books, both fiction and non-fiction, the best known of which was an examination of the financial shenanigans of the 1960s Wall Street bull market. Early life John Nixon Brooks was born on December 5, 1920, in New York City, but grew up in Trenton, New Jersey. He graduated from Kent School in Kent, Connecticut in 1938 and Princeton University in 1942. After graduation Brooks joined the United States Army Air Forces, in which he served as a communications and radar officer from 1942 until 1945. He was aboard the First United States Army headquarters ship on D-Day during the Allied invasion of Normandy in 1944. After leaving the military, Brooks went to work for ''Time (magazine), Time'' magazine, where he became a contributing editor. He worked a ...
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John D
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than $1 trillion in total assets under management, making it the world's largest alternative investment firm. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with (equivalent to $million in ) in Seed money, seed capital. The founders derived their firm's ...
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Jonathan Tisch
Jonathan Mark Tisch (born December 7, 1953) is an American businessman. He is the former CEO of American luxury hospitality company Loews Hotels. Tisch is also a board member of the Tribeca Film Institute. He is a co-owner of the New York Giants. He served as co-chairman of the 2014 NY/NJ Super Bowl host committee. Career Tisch was named chairman of Loews Hotels (a wholly-owned subsidiary of Loews Corporation) in 1989. Tisch initiated the Loews Hotels Good Neighbor Policy over 20 years ago, one of the first of its kind in the hospitality industry. Tisch serves as Chairman Emeritus of the U.S. Travel Association, the national non-profit association representing all segments of the multibillion-dollar travel industry. For six years, he served as Chairman of NYC & Company, the city's official tourism marketing agency and convention and visitors bureau. In the aftermath of September 11, Tisch served as Chairman of New York Rising, a task force set committed to reviving touri ...
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Loews Hotels
Loews Hotels is an American luxury hospitality company that owns or operates 26 hotels in the United States and Canada. Loews' hotels and resorts are located in major North American city centers and resort destinations. Headquartered in New York City, Loews Hotels is a wholly owned subsidiary of Loews Corporation. Jonathan Tisch is the current chairman of Loews Hotels. Alex Tisch, the company's former president, is the Loews' new CEO, effective January 1, 2023. The company currently owns and/or operates 25 hotels and resorts in the United States and Canada, including New York City, Chicago, Philadelphia, Los Angeles, Orlando, San Diego, and Nashville. Good Neighbor Policy In 1990, CEO Jonathan Tisch created the "Good Neighbor Policy," which works with local organizations and schools, as well as umbrella organizations like DonorsChoose. Left-over food, hotel furniture, and dry goods are donated to local communities. The Good Neighbor Policy was awarded a 1996 President's Volu ...
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Fox Business
Fox Business (officially known as Fox Business Network, or FBN) is an American conservative business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Launched on October 15, 2007, the network features trading day coverage and a nightly lineup of opinion-based talk shows. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto was the vice president and managing editor for the network and business news operation overall. As of February 2015, Fox Business Network is available to approximately 74,224,000 pay television households (63.8% of households with television) in the United States. History News Corporation chairman Rupert Murdoch confirmed the launch at his keynote address at the 2007 McGraw-Hill Media Summit on February 8, 2007. Murdoch had publicly stated that if News Corporation's pu ...
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WisdomTree
WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives. WisdomTree manages approximately $99.5 billion in assets under management globally, as of January 2024. WisdomTree’s common stock is listed on the New York Stock Exchange under the ticker WT. Company information In 2006, Wisdom Tree launched its first family of dividend weighted ETFs. WisdomTree's dividend strategy is influenced by Professor Jeremy Siegel's research, which proposes that dividend-paying companies may offer superior long-term performance with lower risk. As of January 2023, WisdomTree offered 79 different ETFs in the U.S. and ...
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Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock. An ETF divides ownership of itself into shares that are held by shareholders. Depending on the country, the legal structure of an ETF can be a corporation, trust, open-end management investment company, or unit investment trust. Shareholders indirectly own the assets of the fund and are entitled to a share of the profits, such as interest or dividends, and would be entitled to any residual value if the fund undergoes liquidation. They also receive annual reports. An ETF generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occur. The larges ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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