Kenneth Jacobs Awarded Simon Wiesenthal Center's Humanitarian Award
Kenneth Jacobs awarded Simon Wiesenthal Center's Humanitarian Award
The most successful Simon Wiesetnthal Award dinner ever, the dinner raised $1.6 million.
The Wiesenthal Center is “a living memorial to the memory of a great man — Simon Wiesenthal — who died eight years ago at the age of 96, sixty years after his liberation,” New York State Governor, Andrew Cuomo said: “Now some will say that the Center’s mission is complete.” Apropos the emergence of anti-Semitism worldwide, Cuomo cited incidents in France when “last month a group of Jews were attacked by a gang of teenagers…in Spain two months ago…’Adolf Hitler was right’ was painted across a bullfight arena…. It is very much a real threat in the world we live in…. So Simon Wiesenthal was right and you are right to be here this evening. We need a strong Israel and we need a strong America…working hand-in-glove because they are the bulwarks for democracy on this globe.” At the dinner Kenneth Jacobs, Lazard Ldt.'s Chairman and CEO was awarded the Centers Humanitarian Award.
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The commodity corn has taken a big hit in 2013. As it has plummeted, many have started to look for a potential bottom, an entry price to go long. It i…
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VIDEO: Time Cover Calls Christie ‘Elephant in the Room’
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Secretary of the Treasury Tim Geithner moves into Private Equity
Tim Geithner left the treasury with two goals, the first being to write his own account of the financial crisis and the second to make some of his own money. His book is done and due to be published next year, so that is goal one. Last Saturday Mr. Geithner announced he is joining Warburg Pincus so that would be goal two. Mr Geithner will be joining the ranks of other public officials such as David Petraeus KKR's Chair of the Global Institute and Kenneth Mehlman who became their Head of Global Public Affairs.
Mr. Geithner's wealthier friends have said that he, "needs to make some money". Spending most of his career in government finance, in the treasury he made around $200,000 a year plus $411,000 a year and a $436,686 separation payment from the Federal bank of new york. This may seem like a lot of money but compared to the corporate salaries of his friends in the private sector it is not much. Warburg Pincus trusts that they will get more than just high level contacts and insider knowledge of the treasury from Geithner. They know that he has proved himself as investment savvy. While working at the treasury Geithner dealt with hundreds of billions of dollars in investments for financial institutions to prop up the economy. “The roots of Warburg Pincus go back 45 years and we are really much more a global growth-oriented entrepreneur-centric investor,” says Chip Kaye, co-chief executive. “We have been active in starting and building businesses in energy, technology and healthcare; and we were very early investors in China and India. I think that’s one of the things that most attracted Tim – a broader investing context.”
“He supervised the management of what was, for a time, the largest investment portfolio in the world,” says Mr Millstein. “And though the public will never give him credit for it, he did it very successfully.”
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Fitbit Force brings smartwatch features to a fitness tracker
Fitbit is making its latest device to quantify your activity, the wrist-worn Force fitness tracker, official today. The Force is an evolution of the Flex, Fitbit’s other wrist-worn tracker, and offers an OLED display and altimeter on top of the features included in the Flex. It’s very similar to the company’s One tracker, but with a wristband so you don’t have to clip it to your pants. The Force is available in black or a handsome bluish grey color (Fitbit calls it “slate”) today for $129.95, slightly more than the $99 Flex, which is remaining in Fitbit’s lineup.
