DOCSLIB.ORG

BAKER & HOSTETLER LLP 45 Rockefeller Plaza

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BAKER & HOSTETLER LLP 45 Rockefeller Plaza 09-01182-smb Doc 376 Filed 05/10/17 Entered 05/10/17 20:53:31 Main Document Pg 1 of 3 BAKER & HOSTETLER LLP 45 Rockefeller Plaza New York, New York 10111 Telephone: (212) 589-4200 Facsimile: (212) 589-4201 Attorneys for Irving H. Picard, Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and the Chapter 7 Estate of Bernard L. Madoff UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES INVESTOR PROTECTION CORPORATION, Adv. Pro. No. 08-01789 (SMB) Plaintiff-Applicant, SIPA LIQUIDATION v. (Substantively Consolidated) BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. In re: BERNARD L. MADOFF, Debtor. IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Adv. Pro. No. 09-01182 (SMB) Plaintiff, v. J. EZRA MERKIN, GABRIEL CAPITAL, L.P., ARIEL FUND LTD., ASCOT PARTNERS, L.P., ASCOT FUND LTD., GABRIEL CAPITAL CORPORATION, Defendants. DECLARATION OF LAN HOANG IN SUPPORT OF TRUSTEE’S OPPOSITION TO DEFENDANTS’ MOTIONS IN LIMINE 09-01182-smb Doc 376 Filed 05/10/17 Entered 05/10/17 20:53:31 Main Document Pg 2 of 3 I, Lan Hoang, declare the following: 1. I am a Partner with the law firm of Baker & Hostetler LLP, counsel to Irving H. Picard, as trustee (“Trustee”) for the substantively consolidated liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”) under the Securities Investor Protection Act, 15 U.S.C. § 78aaa et seq., and the chapter 7 estate of Bernard L. Madoff (“Madoff”). 2. I submit this declaration in support of the Trustee’s Memorandum of Law in Opposition to Defendants’ Motion In Limine to Exclude Others’ Purported Suspicions About Madoff Not Expressed to Defendants; Trustee’s Memorandum of Law in Opposition to Defendants’ Motion In Limine to Exclude Testimony of Meaghan Schmidt; Trustee’s Memorandum of Law in Opposition to Defendants’ Motion In Limine to Exclude the Expert Testimony of Amy B. Hirsch; Trustee’s Memorandum of Law in Opposition to Defendants’ Motion In Limine to Exclude the Testimony and Report of Bruce G. Dubinsky; Trustee’s Memorandum of Law in Opposition to Defendants’ Motion In Limine to Exclude the Testimony, Reports, and Declaration of Steve Pomerantz; and Trustee’s Memorandum of Law in Opposition to Defendants’ Motion In Limine to Exclude Testimony and Exhibits Related to Whether Investors Were Misled with Respect to Gabriel Capital, L.P. and Ariel Fund Ltd.’s Exposure to BLMIS. 3. True and correct copies of the following documents are attached: Exhibit 1: Plaintiff’s Supplemental Disclosures dated November 22, 2013. Exhibit 2: Excerpts from the deposition transcript of dated November 22, 2013 (filed under seal). Exhibit 3: Excerpts from the redacted deposition transcript of Noreen Harrington dated October 1, 2013 (redacted). 09-01182-smb Doc 376 Filed 05/10/17 Entered 05/10/17 20:53:31 Main Document Pg 3 of 3 Exhibit 4: Excerpts from the deposition transcript of Jason Orchard dated October 8, 2013. Exhibit 5: Excerpts from the deposition transcript of Joshua Nash dated October 18, 2012. Exhibit 6: Excerpts from the deposition transcript of Tina Surh dated September 18, 2013. Exhibit 7: Excerpts from the deposition transcript of Morris Smith dated March 4, 2014. Exhibit 8: Excerpts from the deposition transcript of Joel Ehrenkranz dated March 20, 2014. Exhibit 9: Expert Report of Dr. Steve Pomerantz with errata dated April 13, 2015. Exhibit 10: Excerpts from the deposition transcript of Dr. Steve Pomerantz dated July 8, 2015. Exhibit 11: Correspondence from Mariel R. Bronen to Brian W. Song dated March 24, 2017. Exhibit 12: Correspondence from Brian W. Song to Sarah O’Connell dated April 6, 2017. I declare under penalty of perjury that the foregoing is true and correct pursuant to 28 U.S.C § 1746(2). Dated: May 10, 2017 New York, New York By: /s/ Lan Hoang Baker & Hostetler LLP 45 Rockefeller Plaza New York, New York 10111 Telephone: (212) 589-4200 Facsimile: (212) 589-4201 Lan Hoang Email: [email protected] 3 09-01182-smb Doc 376-1 Filed 05/10/17 Entered 05/10/17 20:53:31 Exhibit 1 Pg 1 of 8 Exhibit 1 09-01182-smb Doc 376-1 Filed 05/10/17 Entered 05/10/17 20:53:31 Exhibit 1 Pg 2 of 8 Baker & Hostetler LLP 45 Rockefeller Plaza New York, NY 10111 Telephone: (212) 589-4200 Facsimile: (212) 589-4201 David J. Sheehan Email: [email protected] Edward J. Jacobs Email: [email protected] Attorneys for Irving H. Picard, Esq., Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Adv. Pro. No. 08-01789 (BRL) BERNARD L. MADOFF INVESTMENT SECURITIES LLC, SIPA LIQUIDATION Debtor. (Substantively Consolidated) IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Adv. Pro. No. 09-01182 (BRL) Plaintiff, v. J. EZRA MERKIN, GABRIEL CAPITAL, L.P., ARIEL FUND LTD., ASCOT PARTNERS, L.P., ASCOT FUND LTD., GABRIEL CAPITAL CORPORATION, Defendants. PLAINTIFF’S SUPPLEMENTAL DISCLOSURES Pursuant to Rule 26(a)(1) of the Federal Rules of Civil Procedure as made applicable to this adversary proceeding by Rule 7026 of the Federal Rules of Bankruptcy Procedure, Irving H. Picard, Esq. (the “Trustee”), as trustee for the liquidation of the business of Bernard L. Madoff 09-01182-smb Doc 376-1 Filed 05/10/17 Entered 05/10/17 20:53:31 Exhibit 1 Pg 3 of 8 Investment Securities LLC (“BLMIS”), under the Securities Investor Protection Act, 15 U.S.C. §§ 78aaa, et seq. (“SIPA”), and the consolidated estate of Bernard L. Madoff (“Madoff”), by and through his counsel Baker & Hostetler LLP, hereby provides the following supplemental disclosures. These disclosures are made without waiver of, and with preservation of the right to raise and/or fully address the following: 1. All issues as to competency, relevancy, materiality, privilege and admissibility of matters disclosed herein, and the subject matter thereof, as evidence for any purpose in this action or subsequent actions; 2. The right to object to any matters disclosed herein, or the subject matter thereof, on any ground, throughout this and/or any other action; 3. The right to object on any ground at any time to a demand or a request for further disclosure of matters identified herein, including, but not limited to the forms of discovery allowed by the Federal Rules of Civil Procedure or other discovery proceedings involving or relating to the subject matter of this controversy; and 4. The right at any time to revise, correct, add to, supplement or clarify any of the disclosures contained herein. To the extent that any matters disclosed by the Trustee herein have been disclosed inadvertently, and such matters otherwise fall within the scope of a privilege, the Trustee shall not be deemed to have waived such privilege as to any such disclosure or the information contained therein. Likewise, the Trustee shall not be deemed to have waived his right to such privilege as to any other matter that may arise during the course of this litigation or any subsequent proceeding. The Trustee’s disclosures represent a good faith effort to identify information called for by Rule 26 of the Federal Rules of Civil Procedure. However, these disclosures should not be construed as constituting all of the facts, evidence, or other information that may exist, or that may eventually be established, in support of the Trustee’s claims that have been and may be 300261137 - 2 - 09-01182-smb Doc 376-1 Filed 05/10/17 Entered 05/10/17 20:53:31 Exhibit 1 Pg 4 of 8 asserted in this action. As the Trustee’s investigation continues he will supplement his disclosures to the extent required by Rule 26(e). A. Rule 26(a)(1)(A)(i). The name and, if known, the address and telephone number of each individual likely to have discoverable information—along with the subjects of that information—that the disclosing party may use to support its claims or defenses, unless the use would be solely for impeachment. Upon information and belief, the following individuals, or where deceased, the estates of the individuals, are likely to have discoverable information. Current or last known addresses, where in the possession of the Trustee, will be produced upon request. The Trustee reserves his right to supplement this list as other individuals and/or entities become known, and/or as different subjects become relevant. At the present time, the Trustee provides the following information not otherwise made known through the discovery process or in writing: 1. The following individuals have knowledge concerning: (i) the preservation of BLMIS’s books and records: Paul Takla, Federal Bureau of Investigation, 26 Federal Plaza, 23rd Floor, New York, NY 10278, and (ii) the identification, preservation, and collection of BLMIS’s books and records: Matthew Cohen and Meaghan Schmidt, AlixPartners LLP, 9 West 57th Street, Suite 3420, New York, NY 10019. 2. The following individuals have knowledge concerning the deposits and withdrawals associated with BLMIS customer accounts and the Trustee’s calculation of BLMIS customer net equity: Lisa Collura and Matthew Greenblatt, FTI Consulting, Inc., 3 Times Square, 11th Floor, New York, NY 10036. 3. The following individuals may be relied on by the Trustee as examples of creditors and customers with matured or unmatured unsecured claims against BLMIS that are allowable under § 502 of the Bankruptcy Code or that are not allowable only under § 502(e) of the Bankruptcy Code, and for whom the fraudulent scheme perpetrated by BLMIS was not reasonably discoverable: • Paul A.
Load more

Recommended publications
  • The Watershed Events of 2000
    CCC-Peltz 1 (1-44) 3/12/01 6:47 PM Page 13 1 THE WATERSHED EVENTS OF 2000 Julian Robertson of Tiger Manage- ment and George Soros of Soros Fund Management had long been rec- ognized as the great hedge fund managers. For many years, Soros had been the largest hedge fund manager as determined by assets under management; but in 1998, Robertson’s assets overtook Soros’s. At their peaks, both had assets of about $22 billion. Both men had long and successful track records. Soros started his fund in 1969 and Robertson in 1980. Both evolved into global macro managers—those managers who take advantage of opportunities around the world and invest in a variety of instruments including stocks, bonds, commodities, currencies, and futures, and typically take large leveraged positions. By midyear 2000, the situation had changed drastically. Robertson had retired and Soros had significantly changed his organization and fund objectives. TIGER UNRAVELS I met Julian H. Robertson Jr. for the first time in August 1998. We had breakfast in his office on the top floor of 101 Park Avenue. He fit the image of the Southern gentleman that I had heard about so often. Dur- ing the breakfast, he mentioned the problems that he had with Business 13 CCC-Peltz 1 (1-44) 3/12/01 6:47 PM Page 14 14 THE NEW INVESTMENT SUPERSTARS Week. (Business Week wrote an April 1996 cover piece on him called “The Fall of the Wizard of Wall Street.” It focused on his results in 1994 and 1995. The following March, Robertson initiated a libel lawsuit in New York State courts against Business Week; McGraw-Hill, the pub- lisher of the magazine; Gary Weiss, the author of the story; and Stephen Shepherd, the editor of Business Week, seeking to recover $1 billion in damages.
    [Show full text]
  • Heritage Vol.1 No.2 Newsletter of the American Jewish Historical Society Fall/Winter 2003
    HERITAGE VOL.1 NO.2 NEWSLETTER OF THE AMERICAN JEWISH HISTORICAL SOCIETY FALL/WINTER 2003 “As Seen By…” Great Jewish- American Photographers TIME LIFE PICTURES © ALL RIGHTS RESERVED INC. Baseball’s First Jewish Superstar Archival Treasure Trove Yiddish Theater in America American Jewish Historical Society 2002 -2003 Gift Roster This list reflects donations through April 2003. We extend our thanks to the many hundreds of other wonderful donors whose names do not appear here. Over $200,000 Genevieve & Justin L. Wyner $100,000 + Ann E. & Kenneth J. Bialkin Marion & George Blumenthal Ruth & Sidney Lapidus Barbara & Ira A. Lipman $25,000 + Citigroup Foundation Mr. David S. Gottesman Yvonne S. & Leslie M. Pollack Dianne B. and David J. Stern The Horace W. Goldsmith Linda & Michael Jesselson Nancy F. & David P. Solomon Mr. and Mrs. Sanford I. Weill Foundation Sandra C. & Kenneth D. Malamed Diane & Joseph S. Steinberg $10,000 + Mr. S. Daniel Abraham Edith & Henry J. Everett Mr. Jean-Marie Messier Muriel K. and David R Pokross Mr. Donald L. SaundersDr. and Elsie & M. Bernard Aidinoff Stephen and Myrna Greenberg Mr. Thomas Moran Mrs. Nancy T. Polevoy Mrs. Herbert Schilder Mr. Ted Benard-Cutler Mrs. Erica Jesselson Ruth G. & Edgar J. Nathan, III Mr. Joel Press Francesca & Bruce Slovin Mr. Len Blavatnik Renee & Daniel R. Kaplan National Basketball Association Mr. and Mrs. James Ratner Mr. Stanley Snider Mr. Edgar Bronfman Mr. and Mrs. Norman B. Leventhal National Hockey League Foundation Patrick and Chris Riley aMrs. Louise B. Stern Mr. Stanley Cohen Mr. Leonard Litwin Mr. George Noble Ambassador and Mrs. Felix Rohatyn Mr.
    [Show full text]
  • What Hedge Funds Really Do: an Introduction to Portfolio Management Copyright © Business Expert Press, LLC, 2014
    ROMERO THE BUSINESS What Hedge Funds Really Do E C EXPERT PRESS Philip J. Romero and Jeffrey A. Edwards, Editors DIGITAL LIBRARIES An Introduction to Portfolio • Management BALCH EBOOKS FOR BUSINESS STUDENTS Philip J. Romero • Tucker Balch Curriculum-oriented, born- When I managed a hedge fund in the late 1990s, computer- digital books for advanced based trading was a mysterious technique only available to the business students, written by academic thought largest hedge funds and institutional trading desks. We’ve come What Hedge leaders who translate real- a long way since then. With this book, Drs. Romero and Balch lift world business experience the veil from many of these once-opaque concepts in high-tech into course readings and nance. We can all bene t from learning how the cooperation reference materials for Funds between wetware and software creates tter models. This book students expecting to tackle does a fantastic job describing how the latest advances in nan- management and leadership cial modeling and data science help today’s portfolio managers challenges during their solve these greater riddles. —Michael Himmel, Managing Really Do professional careers. Partner, Essex Asset Management POLICIES BUILT I applaud Phil Romero’s willingness to write about the hedge An Introduction BY LIBRARIANS DO HEDGE FUNDS REALLY WHAT • Unlimited simultaneous fund world, an industry that is very private, often amboyant, usage and easily misunderstood. As with every sector of the invest- to Portfolio • Unrestricted downloading ment landscape, the hedge fund industry varies dramatically and printing from quantitative “black box” technology, to fundamental re- • Perpetual access for a search and old-fashioned stock picking.
    [Show full text]
  • From Misunderstood Investment Vehicle to Household Word
    P1: a/b P2: c/d QC: e/f T1: g c01 JWBT279-Rittereiser April 21, 2010 21:5 Printer: Yet to Come PART One Evolution of the Hedge Fund Industry and Investing COPYRIGHTED MATERIAL 1 P1: a/b P2: c/d QC: e/f T1: g c01 JWBT279-Rittereiser April 21, 2010 21:5 Printer: Yet to Come 2 P1: a/b P2: c/d QC: e/f T1: g c01 JWBT279-Rittereiser April 21, 2010 21:5 Printer: Yet to Come CHAPTER 1 The Truth about Hedge Funds From Misunderstood Investment Vehicle to Household Word f you read the business press, watched television, or eavesdropped on a I congressional finance committee hearing at almost any point since 1999, but especially in 2008, you might define hedge funds in several ways: Mysterious, secretive, risky pools of capital managed by swashbuckling, cowboy investment managers. Lying, thieving, Ponzi-scheming criminals. The cause of the whole breakdown of the financial system. Alexander Ineichen, a leading research analyst and author, has said, “The reputation of hedge funds is not particularly good. The term ‘hedge fund’ suffers from a similar fate as ‘derivatives’ due to a mixture of myth, misrepresentation, negative press, and high-profile casualties.”1 Ineichen made a similar observation in another publication: “There is still a lot of mythology with respect to hedge funds. Much of it is built on anecdotal evidence, oversimplification, myopia, or simply a misrepresenta- tion of facts.” But in that instance, he asserted a hedge fund definition that is simpler and more germane to serious, sophisticated investors: “Hedge fund man- agers are simply asset managers utilising other strategies than those used by relative return long-only managers.”2 While the term hedge fund is used broadly, it is often used to describe a vehicle with a 1 and 20 fee structure.
    [Show full text]
  • The Hedge Fund Industry CCC-Ineichen 1 (1-58) 9/4/02 3:53 PM Page 2 CCC-Ineichen 1 (1-58) 9/4/02 3:53 PM Page 3
    CCC-Ineichen 1 (1-58) 9/4/02 3:53 PM Page 1 onePART The Hedge Fund Industry CCC-Ineichen 1 (1-58) 9/4/02 3:53 PM Page 2 CCC-Ineichen 1 (1-58) 9/4/02 3:53 PM Page 3 CHAPTER 1 Introducing Absolute Returns During the French Revolution such speculators were known as agitateurs, and they were beheaded. —Michel Sapin* HISTORY OF THE ABSOLUTE RETURN APPROACH Prologue to the Twentieth Century Most market observers put down 1949 as the starting date for so-called ab- solute return managers, that is, the hedge fund industry. However, if we loosen the definition of hedge funds and define hedge funds as individuals or partners pursuing absolute return strategies by utilizing traditional as well as nontradi- tional instruments and methods, leverage, and optionality, then the starting date for absolute return strategies dates further back than 1949. One early reference to a trade involving nontraditional instruments and optionality appears in the Bible. Apparently, Joseph wished to marry Rachel, the youngest daughter of Leban. According to Frauenfelder (1987), Leban, the father, sold a (European style call) option with a maturity of seven years on his daughter (considered the underlying asset). Joseph paid the price of the option through his own labor. Unfortunately, at expiration Leban gave Joseph the older daughter, Leah, as wife, after which Joseph bought another option on Rachel (same maturity). Calling Joseph the first absolute manager would be a stretch. (Today absolute return managers care about settlement risk.) How- ever, the trade involved nontraditional instruments and optionality, and risk and reward were evaluated in absolute return space.
    [Show full text]
  • 350Th Anniversary of Jews in America
    HERITAGE Newsletter of the American Jewish Historical Society VOL.2 NO.1 SPRING 2004 350th Anniversary of Jews in America Jewish Rights in 1654 First Jewish Feminist Vindication of a Patriot Baseball Stories Justice Cardozo Nice Jewish Boy from Krypton American Jewish Historical Society 2003-2004 Gift Roster Over $250,000 Mayor Michael Bloomberg Isaac and Ivette Davah Helen Portnoy Richard A. Eisner Ruth and Sidney Lapidus Roger Blumencranz Betty and Robert David Irving W. Rabb Benjamin Feldman Genevieve and Justin L. Wyner Mr. and Mrs. Maxwell Burstein Richard and Rosalee Davison Dina Recanati Kenneth First Marshall Dana Dommert Phillips, LP Richard Reiss Joan and Aaron Fischer $100,000 + Douglas Durst Dr. and Mrs. Ronald I. Dozoretz Robert S. Rifkind Hilda Fischman Barbara and Ira Lipman Dinah A. and Uri Evan Jack A. Durra Rizzoli Intnl. Publications Inc. Richard Foreman Marion and George Blumenthal Andrew Farkas Sharon Ann Dror David Rockefeller Alan J. & Susan A. Fuirst Anne E. and Kenneth J. Bialkin Richard Fuld Sybil and Alan M. Edelstein Mrs. Frederick Rose Philanthropic Fund The Gottesman Fund Victor Elmaleh Frances and Harold S. Rosenbluth Rita and Henry Kaplan $25,000 + Don Garber Mr. and Mrs. Richard England Mr. and Mrs. Abraham Rosenthal Bernard Friedman National Foundation for Jewish Rob Glazer Charles Evans Doris Rosenthal Ellen Friedman Culture Shep Goldfein Eli N. Evans Chaye H. and Walter Roth Mr. and Mrs. Howard L. Ganek Len Blavatnik Dr. Jerome D. Goldfisher Dinah A. Evan Joan and Alan P. Safir Philip Garoon and Family Citigroup Foundation Richard N. Goldman Geraldine Fabrikant Arnold Saltzman Rabbi David Gelfand Ted Cutler Milton M.
    [Show full text]
  • 2005 Annual Report
    Hillel 2005 Hillel Foundations, Program Centers, Student Organizations and Affiliates UNITED STATES: Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming CANADA: Alberta British Columbia Manitoba New Brunswick Nova Scotia Ontario Quebec Saskatchewan ARGENTINA AUSTRALIA AZERBAIJAN BELARUS BRAZIL CHILE GEORGIA ISRAEL MOLDOVA RUSSIA UNITED KINGDOM UKRAINE URUGUAY UZBEKISTAN “Hillel enriches the lives of Jewish undergraduate and graduate students so that they may enrich the Jewish people and the world.” Hillel Mission Statement, 2005 ith this annual report we introduce Hillel’s new has begun to influence the Hillel movement. mission statement. It is as old as Jewish tradition W and as young as a first-year college student. During 2005, Hillel opened new facilities at Stanford While it points Hillel toward new and more ambitious University, Boston University, the University of Florida, goals, it also reflects our time-honored dedication to Miami/Dade County and Buenos Aires. We brought 1 the adage first enunciated by the ancient sage Hillel: thousands of students
    [Show full text]
  • Jewish Communal Fund 2016 Annual Report
    JEWISH COMMUNAL FUND 2016 ANNUAL REPORT In fiscal year 2016, Jewish Communal Fund’s generous donors had a profound impact on charities in every sector, distributing a record number of grants totaling $380,800,000 to help organizations sustain and grow much needed services and programs. CONTENTS 2–3 Community and Collaboration 4 Investments 5–23 Financial Statements 24–45 Grants 46–63 Funds 64 Trustees/Staff 2016 ANNUAL REPORT ANNUAL 2016 e would like to express our gratitude to our generous fund holders, who continue to have a profound impact on charities in every sector by recommending more than $380 million in grants in FY 16. It is our privilege to facilitate your grant-making, and we are Wpleased to report yet another record-breaking year of growth. As an institution, JCF made grants of more than $837,000 in FY 16 from our endowment, the Special Gifts Fund, to renovate kosher food pantries at the Central Queens YM & YWHA and the Shorefront Jewish Community Council; fund scholarships for low-income campers at the JCC of Manhattan’s Camp Settoga; expand the auditorium at the Kings Bay YM-YWHA; and extend our sponsorship of a unique intergenerational Holocaust program called Witness Theater. We also made a JCF Special Gifts Fund grant to Olim Beyahad, an Israeli nonprofit that helps Ethiopian-Israelis gain employment and become self-sufficient. In choosing JCF to facilitate your charitable giving, you enable us to support local Jewish programs and initiatives like these that change lives for the better. As a JCF fund holder, you know first-hand that a donor advised fund is a valuable tool to streamline your philanthropy and make your charitable giving more strategic and thoughtful.
    [Show full text]
  • Strategic Plan Is Accessible on Our Website At
    N-YHS Strategic Vision 2008 Fello w-citizens, we cannot escape history. ABRAHAM LINCOLN 1773 Boston 1776 Tea Party United States declares its independence from Britain 1609 Henry Hudson, sailing from Amsterdam, arrives in New York Harbor 1783 1775 Treaty of Paris ends the war Battles of Lexington and U.S. is recognized as a and Concord launch sovereign nation Revolutionary War Front Cover: Robert Havell Jr. (1793–1878) Detail, View of the Hudson River near Tarrytown Heights, n.d. Oil on Canvas N-YHS Strategic Vision 2008 Gift of Harry Peck Havell 1946.179 NEW-YORK HISTORICAL SOCIETY Strategic Vision 2008 1789 George Washington becomes fi rst U.S. president 1787 1803 Convention Marbury v. Madison delegates approve establishes Supreme Court’s U.S. Constitution power of judicial review 1791 1788 Bill of Rights New York becomes ratifi ed and nation’s capital becomes part of (until 1790) U.S. Constitution 1803 President Jefferson purchases Louisiana Territory N-YHS Strategic1 Vision 2008 Founded in 1804 by distinguished citizens of New York, the New-York Historical Society is dedicated to increasing worldwide understanding of American history through exhibitions, public programs, online outreach, and research that reveal the dynamism of history and its infl uence on the world of today. Our holdings cover four centuries of American history and comprise one of the world’s greatest collections of historical artifacts, American art, and other materials documenting the history of the United States as seen through the prism of New York City and State. Forty thousand of the Historical Society’s most treasured works are permanently held on our premises in the Henry Luce III Center for the Study of American Culture.
    [Show full text]
  • The Optimist by Jesse Eisinger May 2009 Issue
    Hedge Fund Manager Bill Ackman - Print - Portfolio.com http://www.portfolio.com/executives/2009/04/22/Hedge-Fund-Manager-B... PRINT CLOSE The Optimist by Jesse Eisinger May 2009 Issue Hedge fund manager Bill Ackman wiped out nearly $2 billion in a bet on Target’s stock. So why is he so sure he can fix his problems—and America’s? THE LONG VIEW Bill Ackman, photographed at his New York City office, says he feels a “civic duty” to help solve the financial crisis. Photograph by: Art Streiber ill Ackman’s friends describe him in two ways. They offer the euphemism that the prominent hedge fund B manager “does not suffer from low self-esteem.” Then they observe that he is optimistic—almost clinically so. A pop psychologist might diagnose Ackman with hypomania, a condition notable for persistently elevated moods but without the self-destructiveness of true mania. “He doesn’t register reversals and defeats and hard feelings the way other people do,” says David Klafter, a former colleague. I ask Ackman about the condition while he is driving in a car with his More From family. He hasn’t heard of it, but says he is an “extremely resilient Portfolio.com person.” Cockeyed Optimists Some market leaders won’t His 11-year-old daughter playfully chides from the backseat, “And surrender to mass hysteria. you’re modest.” Ackman's New Target Ackman wants to influence the giant retailer from the Ackman is an activist investor, a respectable term for people who in the inside. 1980s were known as corporate raiders.
    [Show full text]
  • The Levy Economics Institute of Bard College
    THE LEVY ECONOMICS INSTITUTE OF BARD COLLEGE Biennial Report 2002–2003 the levy economics institute of Bard College was founded in 1986 as a nonprofit, nonpartisan, public policy research organization. It is independent of any political or other affiliation and encourages diversity of opinion in the examination of economic issues. The purpose of all Levy Institute research and activities is to enable scholars and leaders in business, labor, and government to work together on problems of common interest. Levy Institute findings are disseminated—via publications, conferences, workshops, seminars, congressional testimony, and other activities —to an international audience of public officials, private sector executives, academics, and the general public. Through this process of scholarship, analysis, and informed debate, the Levy Institute generates effective public policy responses to economic problems that profoundly affect the quality of life in the United States and abroad. The Levy Institute’s main conference and research facility is Blithewood, on the campus of Bard College, located 90 miles north of New York City. CONTENTS Report from the President 2 Leon Levy: In Memoriam 5 Section I: Research and Publications 6 Program 1: The State of U.S. and World Economies, and Strategic Analysis 8 Program 2: Distribution of Income and Wealth 10 Program 3: Economic Policy for the 21st Century 13 Program 4: Theoretical and Empirical Analyses 22 Program 5: Immigration, Ethnicity, and Social Structure 23 Section II: Events 24 Section III: In the Media 29 Section IV: The Levy Institute Book Series 30 Section V: Biographies of Institute Scholars 31 Board, Administration, and Research Staff 39 REPORT FROM THE PRESIDENT as 2004 begins, the Levy Institute can look back on the 2002 through 2003 period as one of accomplishment and transition.
    [Show full text]