Tags: Dick Grasso, Eliot Spitzer, Hookers, Ken Langone, Lawsuit, NYSE
Video: Ken Langone minces no words on Eliot Spitzer: “I don’t think he’s learned a thing”
On May - 12 - 2009
Who’s who on the Robin Hood Foundation board of directors and how did they get there?
On October - 29 - 2007
New York Magazine’s new Money Issue (actually the cover is titled "Dirty Money" for the likes of the David Glass Insider ring and "Lords of Dopetown" stories) focuses on the Robin Hood Foundation and it’s board of 29 directors in one of its pieces ("Do-Good Money"). How do you get on the board? You either have lots and lots and lots of money like the hedge fund managers (Steve Cohen, Glenn Dubin, Danny Och, Paul Tudor Jones, etc.) or banking/ other big money firm moguls (Lloyd Blankfein, Alan Schwartz, Richard Fuld, Jeff Immelt, Ken Langone) be very famous with connections so that you can help raise lot and lots of money (Gwyneth Paltrow, Diane Sawyer, Tom Brokaw).
In addition to the privilege of being among
the anointed, membership does have its costs. The board, which now numbers 29,
underwrites the entire administration of the foundation, so that 100 percent of
donations goes to the charities Robin Hood supports; in 2007, the foundation
will spend $138 million on anti-poverty efforts. The full board meets four times
a year—usually near a program it funds, not in a Wall Street boardroom—and
additional committee meetings mean that every member has at least half a dozen
commitments in total. It has a rotating chair, currently occupied by Bob
Pittman, and exceedingly low turnover. In the nineteen years since Robin Hood
was founded, only four members have stepped down: Lachlan Murdoch, George Soros
sidekick Stanley Druckenmiller, Ted Forstmann, and Jann Wenner. (John F. Kennedy
Jr. was also a member.) Gifts from board members last year totaled $35 million;
the figures cited on the following pages reflect only that money given through
family foundations and may not represent the full amount of each member’s
giving.
Here are descriptions of some of the big money board members:
Tags: Dick Fuld, Hedge funds, Highbridge, Ken Langone, Lloyd Blankfein, Och Ziff, Paul Tudor Jones, Philanthropy, SAC Capital
Dick Grasso forced to change legal horses as his trial is moved up
On July - 31 - 2006
Charlie Gasparino in Squawkblog: One of the consequences of the judge in the Elliot Spitzer vs Dick Grasso legal fight moving the trial date forward to September 5 from October 30 is that Grasso can’t use his pitbull attorney Brendan Sullivan. The expected six week trial coincides with another case that Sullivan is involved in: the third retrial of former Cendant chairman Walter Forbes by the US Attorney’s office in New Jersey.
Grasso loses Brendan Sullivan – Squawkblog
Tags: Dick Grasso, Eliot Spitzer, Ken Langone, Lawsuit, NYSE
Dick Grasso compensation trial date moved up
On July - 27 - 2006
Dick Grasso’s excess compensation trial which was expected to begin in late October now has a September 5 start date….
Tags: Dick Grasso, Eliot Spitzer, Ken Langone, NYSE
Langone Spitzer war to continue as judge refuses to dismiss suit
On July - 26 - 2006
The suit must go on: Billionaire Ken Langone’s request to dismiss NY Attorney General Eliot Spitzer’s lawsuit over his role in approving former NYSE Chairman Dick Grasso’s pay package was denied by State Supreme Court Judge Charles Ramos.
“You are asking me to total up all the evidence,” State Supreme Court Judge Charles Ramos told lawyers for Langone in a hearing today in New York. “This case requires a trial.”
Judge Denies Langone’s Motion to Dismiss Spitzer Pay Suit – Bloomberg
Tags: Dick Grasso, Eliot Spitzer, Ken Langone, Lawsuit, NYSE
