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Stavropoulos: Chemistry & Action at Dow and Beyond Madoff: Former CEO of Industrial Giant Known Story of a for Business Acumen and Philanthropy by Constantine S

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Stavropoulos: Chemistry & Action at Dow and Beyond Madoff: Former CEO of Industrial Giant Known Story of a for Business Acumen and Philanthropy by Constantine S O C V ΓΡΑΦΕΙ ΤΗΝ ΙΣΤΟΡΙΑ Bringing the news ΤΟΥ ΕΛΛΗΝΙΣΜΟΥ to generations of ΑΠΟ ΤΟ 1915 The National Herald Greek Americans c v A weekly Greek AmericAn PublicAtiOn www.thenationalherald.com VOL. 14, ISSUE 724 August 27-September 2, 2011 $1.50 Chasing Bill Stavropoulos: Chemistry & Action at Dow and Beyond Madoff: Former CEO of Industrial Giant Known Story of a For Business Acumen and Philanthropy By Constantine S. Sirigos father had “a little bit of an ad - TNH Staff Writer venturous spirit on him” to make 20-20 Man him move so far East, far from NEW YORK – Every context has the Greek immigrant clusters of its greatness. Spiros Stavropoulos New York City. “He saw an op - Harry Markopolos built a successful though humble portunity there and went out business in the early 20th century there.” Saw What Others in eastern Long Island, but his His mother Angela was from children are testaments to the Geraka, next to Rhia and his fa - Misssed or Ignored other achievement for which ther went back after 10 years to Greek American immigrants are marry her. There were four chil - By Vangelis Katsikiotis famous: raising a family of chil - dren in the family, but the oldest Special to The National Herald dren who did not just extend the died at the age of five. His sister American dream into future gen - Tina lives in Montauk, but his NEW YORK - The life and erations but who made powerful older brother George passed crimes of disgraced financier- contributions to their country and away in 2002. He took over the scamster Bernard Madoff, who are a credit to their Hellenic Her - Candy Kitchen, became town su - swindled his friends and cus - itage. pervisor of Southampton and tomers out of $18 billion dollars Spiro and Angela’s son president of parish council of the before his empire of deceit William (Bill) Stavropoulos and Church of Kimisis tis Theotokou crumbled and he was sentenced his wife Linda are retired now, of Southampton which his family to 150 years in jail in 2009, splitting their time between helped found. reads like the best – or worst – Michigan, where he has lived for Stavropoulos lived above the Hollywood could offer, with all 25 years, and Florida. He is store, which still exists, and went the elements of a new kind of known outside the Community to school nearby. “It was idyllic thriller mirroring the greed that not only for his success as the living, nice, beautiful country, twisted Wall Street into a brand CEO of industrial giant Dow small school and lot of opportu - name for avarice. Chemical, but for championing nity to participate in different It’s the stuff nightmares are Dow’s philanthropic activities. things, play all the sports,” he made of – and great documen - He believes many of the said, and called it an ideal envi - taries, especially when it in - AP PhOtO/PetrOs GiAnnAkOuris lessons relevant to his achieve - ronment. “And we were the only volves a man who warned au - Not Plesant ments flowed from his family. Greeks out there, though a lot of thorities Madoff was operating “It’s the values you grow up with relatives would come out from a Ponzi-like pyramid scheme, A tourist with her luggage enters a luxury hotel in central Athens as protesters demonstrate on and the persistent value system,” New York and Boston in the sum - but whose calls for an investi - Tuesday, Aug. 23, 2011. Dozens of protesters have been picketing the entrance to three luxury that emerges, he said. It appears mer.” gation were ignored until it was hotels on Athens' main Syntagma Square as part of a 24-hour strike by hotel employees object - he found them easy apply to his Stavropoulos was interested too late. ing to plans to cut their entitlement to early retirement. The banner on the left reads in Greek business activities. Now, everyone listens to "Hands off" the 'arduous and unhealthy' classification of professions. His success as a CEO is con - Continued on page 3 whistleblower Harry Markopo - nected with his ability to under - los, 54, a former options trader stand and communicate with from Boston who uncovered the people and knowing how to ap - scheme. Chasing Madoff, the proach them as tough decisions movie about his investigation Tom Carvelas: Greek-American King are implemented. In other words, Harry into Madoff’s affairs and his un - he learned to treat people like heeded plea, dismissed by the people. In addition to the busi - Securities and Exchange Com - “The only emperor is the em - the ice cream product FOCUS now be found in more than 800 ness acumen that made his father Psomiades’ mission (SEC,) is a gripping tale peror of ice-cream,” Brands (the current parent com - locations in 17 states and six for - an early Greek American success that seems to stymie even the -Wallace Stevens, poet pany of the Carvel Corporation) eign countries. All this says noth - story, Stavropoulos remembers most creative of imaginations. sells and so simultaneously cre - ing of the some 4,500 individual his father always helped employ - Legacy The movie was based on By Steve Frangos ates, “happy memories.” The freezer cases found in a variety ees in need, relatives and other Markopolos’ 2010 book, No TNH Staff Writer dedication to this volume reads: of American grocery chains such people. One Would Listen: A True Fi - “This book is in honor of Carvel as Jewel Foods that showcase Spiros Stavropoulos came to By Dr. Andre Gerolymatos nancial Thriller, a first-hand ac - Carvel Ice Cream, by Lauren Ice Cream’s 75th anniversary Carvel Ice Cream cakes all across the U.S. from Rhia, near Sparta Special to The National Herald count of uncovering the Madoff McGowen and Jennifer Dempsey and is dedicated to the many the nation. Carvel Ice Cream is in 1911 when he was 16 years fraud and how Markopolos tried is not a photo-history exclusively generations of franchisees and unquestionably one of the most old. He moved to East Hampton In 1987 I was invited to take to tip off the SEC and a detailed devoted to the life and enterprise consumers who love and share recognizable franchises in the in the 1920s and opened the part in a conference titled ‘Fifty account of how Madoff duped of Greek immigrant Thomas An - the Carvel brand every day.” It’s history of American business. Candy Kitchen, a beloved ice Years After the Truman Doc - his victims, some trapped by dreas Carvelas (Charleston, sure to be a best-seller as it is a Yet FOCUS Brands has made cream parlor and eatery in trine” at the Center for Byzan - their own greed, others inno - South Carolina: Arcadia, 2009,) book all the various Carvel Ice a critical marketing error. Carvel Bridgehampton. “He built it up tine and Modern Greek Studies cent victims who were wiped but fundamentally a company Cream store locations will want Ice Cream is undeniably a mem - into a fine business and turned it at CUNY. For a young scholar out of their life’s savings, and history which quickly morphs to make available to their cus - over to my brother George in the from Montreal, New York was foundations left nearly bereft of into an advertisement about how tomers. Carvel Ice Cream can Continued on page 5 60s.” Stavropoulos told TNH his enchanting and meeting Harry their ability to help others. Psomiades an added bonus – I It took in everyone from Hol - had heard about him, certainly lywood director Steven Spiel - read his articles but Harry in per - berg to Swiss bankers to Holo - son was a treat. The conference caust historian Elie Wiesel to Martha was a major success and had at - European royalty, and many tracted all the young and others as well in the Jewish promising academics interested community who believed in Stigman in Greek studies. him. What they all had in com - In hindsight, I can not believe ment was trust in Madoff, a man that we were that young and Markopolos said he quickly George-Adis confident. Academic arrogance identified as a con man. was common at a time when As one film critic put it, “While universities were competing for Bernie Madoff is the subject of GRAND JUNCTION, Colo. – the “youngest and the brightest” the upcoming documentary, The Daily Sentinel reported that and we all assumed our version Chasing Madoff, the real star is Martha Stigman George-Adis, of the past was the way history whistle blower Harry Markopo - 78, who served in a number of must be interpreted. los.” A review in the financial Central Intelligence Agency di - Then I met Harry. He taught magazine Barron’s put it this rectorates, along with her hus - me that humility and simplicity way: “After seeing the documen - band, an intelligence officer, made one a better person and a tary Chasing Madoff, most Amer - passed away Aug. 6. She was more effective scholar. He was born was born April 26, 1933 accomplished, a brilliant acade - Continued on page 4 in Westbrook, Maine, to Irene mic, and that meant not one Libby Stigman and Henry James who had published dozens of ob - Stigman of Gorham, Maine. She scure articles that litter the book - was graduated from Gorham cases of libraries or the digital High School in 1951 and at - memories of databases, but Danielle’s tended the University of Mary - rather a scholar who was well- land and the University of Vir - read and a teacher who had the ginia. She married Deane ability to inspire.
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