Mortimer Benjamin Zuckerman (born June 4, 1937) is the owner of American media, magazine editors and investors born in Canada. He is a co-founder, executive chairman and former CEO of Boston Properties, one of the largest real estate investment trusts in the United States. Zuckerman is also the owner and publisher of the US. News & amp; World Report , where he serves as chief editor. He previously owned the New York Daily News The Atlantic and Fast Company . In Forbes' 2016 billion world list, he was ranked No. 1. 688 with a net worth of US $ 2.5 billion. On February 9, 2018, his net worth is estimated at US $ 2.7 billion.
Video Mortimer Zuckerman
Early life and education
Zuckerman was born in Montreal, Quebec, Canada, son of Esther and Abraham Zuckerman, owner of tobacco and candy stores. His family was Jewish, and his grandfather was an Orthodox rabbi. Zuckerman entered McGill University at the age of 16. He graduated from McGill with a BA in 1957 and BCL in 1961, although he never took an exam. That same year, Zuckerman entered the Wharton School of the University of Pennsylvania, where he earned an MBA with different honors. In 1962, he received an LLM from Harvard Law School.
Maps Mortimer Zuckerman
Business career
After graduation, Zuckerman remained at Harvard Business School as a professor for nine years. He also teaches at Yale University. Zuckerman spent seven years at the Cabot real estate firm Cabot & amp; Forbes, where he rose to the position of senior vice president and chief financial officer.
In 1980, he purchased the Atlantic Monthly literary magazine, where he was chairman from 1980 to 1999. In 1999, he sold the magazine to David G. Bradley for US $ 12 million. Commenting on this sale and the Fast Company magazine, which he sold for $ 365 million at the height of the technology boom in 2000, he quipped, "I'm average."
When he still owns Atlantic Monthly , in 1984, Zuckerman bought US. News & amp; World Report, where he remains editor-in-chief. In 1993, he bought the New York Daily News , which he ran until 2017 when he sold the paper to Tronc.
Politics
In addition to the publishing and real estate interests, Zuckerman also often be a commentator in world affairs, both as an editorial and on television. He regularly appears on MSNBC and The McLaughlin Group and writes columns for AS. News & amp; World Report and New York Daily News .
While Zuckerman has varied in his party affiliations from time to time, since the late 1970s, he has donated more than $ 68,000 to US political candidates, with $ 42,700 going to Democrat politicians and $ 24,000 for independent interests.
On July 12, 2010, Zuckerman said in an interview that he has helped to write one of President Barack Obama's political speeches. Author of old speeches Jon Favreau and Ben Rhodes denied it and insisted that "never met or spoke with Mort Zuckerman." Zuckerman then published a clarification of his statement by stating that his assistance came in the form of private conversations with various political officials in which he had offered suggestions and perspectives on various issues.
Zuckerman, a longtime Democratic supporter who voted for Barack Obama in the 2008 presidential election, is critical of President Obama on multiple fronts. Following the downgrade of US treasury debt by Standard & amp; Poor's in 2011, Zuckerman writes in The Wall Street Journal: "I miss the triple-A president for running a triple-A country." After initially supporting Obama's call for heavy infrastructure spending to revive the economy, Zuckerman criticized the composition of the plan: "if you see an increase in the stimulus program, roughly half of it goes to the local states and municipalities, which are in effect to the city union core of the Democrats. "
On Obama's health care reform legislation, Zuckerman states, "Eighty percent of countries want them to control costs, not to expand coverage, they use all their political capital to expand coverage, I always have a feeling of the state looking at billing and saying, , he might do it because he wants to be a transformational president, but I want to lower my costs! ' "
Personal life
In 1996, Zuckerman married Marla Prather (born 1956), curator of the National Art Gallery; they divorced in 2001.
Zuckerman became a US citizen in 1977.
On December 19, 2008, Zuckerman's second daughter, Renà ©  © e Esther, was born; mother unidentified. The child's birth was announced in the "Gatecrasher" column on the Daily News on December 23, 2008.
He made homes in New York City, East Hampton, New York, and Aspen, Colorado. He also made Oceanco Yacht 166 feet, Lazy Z . For transportation, he previously owned the Falcon 900 corporate jet but recently bought Gulfstream G550.
On November 28, 2014, the episode of The McLaughlin Group, Zuckerman said he was a vegan and has since 2008 confirmed what in November 2010 has been published on Bloomberg Businessweek, "The Resurrection Vegan Strength. " Zuckerman last appeared on The McLaughlin Group on July 31, 2015, making a strong case for Rickor's presidency Rick Perry during the episode. A day later Zuckerman issued a statement that he would not be appearing at East Hampton Artists-Writers softball, the first time he would miss a game since 1993. That same month, New York Post reported he handed the newspaper sales to his niece and commented minimally about its dissolution.
Philanthropy
In December 2012, Zuckerman pledged $ 200 million to award the Mortimer B. Zuckerman Institute of Mind Mind Behavior at Columbia University.
Involvement in Jewish and Israeli organizations
Between 2001 and 2003, Zuckerman was chairman of the Conference of Presidents of Major American Jewish Organizations. Normally, the nominating committee seeks to select someone who is respected and not controversial. However, Zuckerman is widely opposed by liberal Jewish factions. Nonetheless, Zuckerman was eventually elected and served a full tenure.
In their 2006 paper Israeli Lobby and Foreign Policy, John Mearsheimer, professor of political science at the University of Chicago, and Stephen Walt, dean of the Kennedy School of Government at Harvard University, called Zuckerman a member of the media wing of the "lobby Israel "in the United States. Zuckerman replied: "I'm just going to say this: The allegations of disproportionate influence from this Jewish community remind me of a 92-year-old man charged with dad's clothes, saying he was very proud, he pleaded guilty."
President George W. Bush appointed Zuckerman to serve the Honorary Delegation to accompany him to Jerusalem for the 60th anniversary of the State of Israel in May 2008.
Appointments and associations
Zuckerman serves on the supervisory boards of several educational and private institutions such as New York University, Aspen Institute, Sloan-Kettering Memorial Cancer Center, Hole at Wall Gang Fund, and Communication Center. He is a member of JPMorgan's National Advisory Council, the Council on Foreign Relations, the Washington Institute for Near Eastern Policy, and the International Institute for Strategic Studies. He has been president of the board of trustees of the Dana-Farber Cancer Institute in Boston.
Zuckerman is known as a mentor and close associate of Daniel M. Snyder, owner of the NFL football team Washington Redskins, and has been a financial supporter for Snyder's business venture CampusUSA magazine, and shareholders and directors at Snyder Communications Inc , a marketing services business acquired in 2000 (by Havas Advertising).
Awards
Zuckerman has received three honors, including one from Colby College. He was awarded Commandeur de l'Ordre des Arts et des Lettres by the French government, a lifetime achievement award from Guild Hall and a gold medal from the American Institute of Architecture in New York.
Bernard Madoff investment scandal
Zuckerman is one of the investors tricked into the "Ponzi scheme", through investments with Fifth Avenue Synagogue J. Ezra Merkin's president who staked about 10% ($ 30 million) of Zuckerman's charity fund with a fraud convicted by Bernard Madoff. Zuckerman has stated that all current charitable obligations will remain respected without change. In a forum at the YIVO Institute for Jewish Research in New York, he said that nobody since Julius and Ethel Rosenberg, who was executed in 1953 for giving atomic secrets to the Soviet Union, "has damaged the image and self-esteem of American Jews."
On April 6, 2009, Zuckerman filed a lawsuit against J. Ezra Merkin and his Gabriel Capital LP. The lawsuit claims fraud and negligent representation and seeks unspecified punitive damages. Merkin has "a great incentive not to reveal the role of Madoff, especially to investors like Zuckerman" because he imposes a "substantial cost" client to manage both Ascot Partner LP and Gabriel Capital. The lawsuit claimed more than US $ 40 million in losses to place its assets with Bernard L. Madoff Investment Securities LLC without his knowledge. Zuckerman invested US $ 25 million with Merkin's Ascot Fund in 2006 through Charitable Remainder Trust or CRT Investments Limited and personally invested US $ 15 million with Merkin's Merry's Gabriel Capital. Merkin charges Zuckerman a 1.5% fee and imposes a significant "lockout barrier", but his agreement with Gabriel Capital contains an arbitration clause on Merkin for his $ 15 million personal investment loss. The lawsuit is also named accounting firm BDO Seidman LLP and related entity called BDO Tortuga as defendant.
The case is CRT Investments Ltd. v. J. Ezra Merkin , 601052/2009, filed in the Supreme Court of New York (Manhattan).
2010 elections
Zuckerman considered challenging Kirsten Gillibrand for the seat of the New York United States Senate in the 2010 election, which will be contested for the remaining two years of what was originally Hillary Clinton's second term; Hillary's appointment as Minister for Foreign Affairs created a vacancy with which Governor David Paterson appointed Gillibrand to be filled. Although Zuckerman has been known as a Democrat, he is speculating to run for Republican or independent to avoid an expensive primer.
Critics point to the apparent inconsistencies in Zuckerman's position that publicly state on key issues. Wayne Barrett, of Village Voice, wrote: "If real estate titan Mort Zuckerman enters the Senate race against Kirsten Gillibrand, we end up having a heated debate about big ticket issues that annoy Americans. do is listen to Mort and we will get both sides of the key economic questions. "
However, on March 2, 2010, he refused to run, citing family and work obligations.
See also
- List of investors at Bernard L. Madoff Securities
References
External links
- Archive columns in AS. News & amp; World Report
- Archive columns in Jewish World Review
- Archive fields in The Huffington Post
- Appearance in C-SPAN
- Mortimer Zuckerman on Charlie Rose
- Mortimer Zuckerman on IMDb
- Works by or about Mortimer Zuckerman in the library (WorldCat catalog)
- "Mortimer Zuckerman collects news and comments". The New York Times .
- Profile at Forbes
Source of the article : Wikipedia
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