The National Herald a b

FEBRUARY 19 , 2011 www.thenationalherald.com

As the Ancient Greeks said, “ Τα πάντα ρεί ” or “Everything flows.” jects is the company Groupon, an Internet-based discount sensation. In updating our list of 50 of the most financially successful Greek And Capellas, after years as CEO at First Data, has moved into cloud- Americans this year, that proved to be true – but not always – because based computing with a new startup called VCE. Another man who most of them earned their fortunes. built a huge New York Stock Exchange (NYSE) listed business, Mistras Most of our top 10 have been at the top of rankings such as Forbes Group, based on science, is Sotirios Vahaviolos, who is featured. magazine’s for many years. But in updating their stories, there is al - New to our list this year is a very familiar face: Arianna Stassinopou - ways something new. Greeks’ roots to the land are evidenced in the los Huffington, whose recent sale of The Huffington Post for $315 mil - number of people on our list involved with construction, real estate lion to AOL was the business media story of the year. Other additions and/or the environment. On the West coast are Angelos Tsakopoulos, include Sophocles N. Zoullas of Eagle Shipping and the new, privately Alex G. Spanos, George M. Marcus, to name a few. In the East, Mer - owned Dolphin Shipping LLC. courios (Mike) Angeliades, George Andreas and Efstathios (Steve) As a newspaper, we are proud of our ability to bring out another Valiotis are a few notable figures. This year, we’ve added George Sakel - side to many of these figures, as they share stories about their family laris, the head of the Massachusetts company Ameresco. His company and Hellenic origins. This is true in an exclusive interview with Balti - provides energy efficient systems to cities, schools, and public/private more Orioles owner Peter Angelos, a lawyer, who explains why the companies throughout North America. Often, the rich get richer. In legal profession is more important than ever. Our exclusive interviews the past year, the Massachusetts-based Demoulas family’s Market Bas - also include a look at John G. Rangos’ great support for the Congres - ket has rapidly increased profits. Also in the field of food, Chris and sional Medal of Honor recipients, P. Roy Vagelos’ current research and Harris Pappas (see feature) are continuing to expand their restaurant charity and a Q-and-A with Red Apple Group’s John Catsimatidis. This interests, adding the chain Fuddruckers to their corporate activities. year, for the first time, you can also find videos related to some of Two more Texas brothers are making big waves in a different industry: these stories at our website: www.thenationalherald.com. This issue the ultra low-key Kosta and Tom Kartsotis’ Fossil, maker of handbags will be located there too in PDF form. Things may change, but The Na - and watches, had a terrific year in revenues and stock gains. tional Herald’s popular 50 Wealthiest issue once again puts its finger In the technology world, figures such as Ted Leonsis and Michael on the financial pulse of our community’s most prominent business Capellas continue to make cyberwaves. Among Leonsis’ new pet pro - figures. 2 50 WEALTHIEST GREEKS IN AMERICA THE NATIONAL HERALD, FEBRUARY 19, 2011

The National Herald Peter Angelos on Fighting the Good Fight and A weekly publication of the NATIONAL HERALD, INC. Playing a Good Game (ΕΘΝΙΚΟΣ ΚΗΡΥΞ), reporting the news and address - ing the issues of paramount interest to the Greek American By Angelike Contis ties litigation, pharmaceuti - “We were honored to be se - community TNH Staff Writer cal/medical device liability – all lected from other lawyers to of the United States of America. are the types of cases covered represent the state of Mary - e may have decades of today by his law office. land.” But he was “dismayed,” Publisher-Editor court cases under his Mr. Angelos explains that his he says, that the state “didn’t Antonis H. Diamataris belt– including land - profession is vital in providing honor their obligation.” Pointing Hmark asbestos, lead “a well-functioning society.” And to the massive court victory he Assistant to Publisher, Advertising Veta H. Diamataris paint and tobacco rulings – but it goes beyond safeguarding says: “It certainly wasn’t be - Papadopoulos Baltimore attorney and Orioles civil rights. cause we didn’t do a good job. Special Section Editor baseball team owner Peter G. He believes: “Everybody has They certainly acknowledged Angelike Contis Angelos has a lot of respect for an economic right to have a that we performed exceptionally Production Manager young lawyers. “I think the good job, to be well-paid, and well. “Sometimes people don’t Chrysoula Karametros younger generation is doing medical coverage and other want to pay their bills.” fine,” says Mr. Angelos, in a such protection so they can lead Mr. Angelos does not think – 37-10 30th Street, phone interview from his offices good constructive and enjoyable apart from perhaps cases involv - LIC, NY 11101-2614 in Maryland, his deep, com - lives.” ing the pharmaceutical indus - Tel: (718)784-5255, manding voice making a strong POLITICAL BACKING try- that there are many more Fax: (718)472-0510, case. “I think they are going to This view of the world clearly legal battles of that scale to be e-mail: be very capable and very effec - inspires his politics. Mr. Angelos waged soon: “It’s unlikely that [email protected] tive as lawyers, those who are may have supported Republican there is going to be another law - Democritou 1 and Academias Sts, enrolling at the University of friend Bob Ehrlich in the guber - Athens, 10671, Greece Baltimore Law School as well as natorial race in Maryland in Tel: 011.30.210.3614.598, Fax: law schools across the country.” 2006, but he’s adamant about “The team has been 011.30.210.3643.776, e-mail: his Democrat affiliation. “I’m al - substantially improved. [email protected] BUILDING TRIBUTE ways very active in National De - We’re looking forward to TO PARENTS mocratic politics...My contribu - Subscriptions by mail : 1 year $66.00, 6 months $33.00, 3 months $22.00, Nonetheless, he’s giving the tions always go to the a very successful season. 1 month $11.00 next generation of legal eagles Democratic party, which isn’t You never know what can Home delivery NY, NJ, CT: a helping hand, as the major perfect, but by and large has 1 year $88.00, 6 months $48.00, benefactor of his alma mater worked very hard for all Ameri - happen, like in all sports, 3 months $33.00, 1 month $14.00 University of Baltimore’s new cans.” Mr. Angelos not only has luck plays a big role.” Home delivery New England States, Washington DC, Virginia and Maryland : John and Frances Angelos Law put his money where his mouth 1 year $109.00, 6 months $57.00, Center. The building, which is is for years, supporting candi - suit by the various states against 3 months $41.00, 1 month $18.00 named after his parents, is now dates from the local to the na - a single company of the magni - On line subscription : Subscribers under construction, replacing a tional, but he’s also been rigor - tude that was pursued against to the print edition: 1 year $34.95, 6 months $23.95, 3 months $14.95; building of the same name built ously involved in lobbying the tobacco manufacturers.” Non subscribers : 1 year $45.95, in 1991 with a previous dona - efforts and funding. Critics He does, however, point to 6 months $29.95, 3 months $18.95 tion by him. Due to be com - sometimes question his power the many, often overlooked con - pleted by 2012, the new struc - to get the politicians he supports sumer product cases being ture will feature green design Peter G. Angelos, a lawyer who has made history in many class to draft legislation that’s worded waged daily. “There are many and lots of facilities. action lawsuits, predicts a good year for his Baltimore Orioles. the way he likes it. of these cases that are filed and “I wanted to do something Mr. Angelos doesn’t mince litigated successfully against a that showed my appreciation, some Greek words when telling office in 1961, and made a words for the opposition, not - particular manufacturer or my debt,” says Mr. Angelos. He a little of their story. “They were name for himself representing ing: “The Republican party is a group of manufacturers, which continues: “To appreciate the from the Dodekanisa (Dode - labor unions, before winning party that openly and notori - don’t make a lot of news...But sacrifices and the effort my par - canese) and they came here as millions in a string of asbestos ously represents the wealthy. It that’s a needed ongoing effort ents made to put me in a posi - immigrants in the late 20s. My cases (including a 8,500-plain - does not represent the average to protect the public from prod - tion where I could get a good dad had come earlier, typically, tiff case in 1982) and billions American and that’s its clear ucts that are harmful.” One re - education, become a lawyer and you know. The husband would for the State of Maryland choice...That throws down the cent example of this, he says, is through hard work and much come first and then bring the against tobacco companies in a gauntlet to the Democrats to the “Toyota Revelations” cases, good fortune, to be successful.” family.” He adds that his parents case filed in 1996. His firm was stand up, make better efforts to involving defects in the manu - To say he’s “prominent” is an were “apo tin Karpatho, Karpa - also among the first to bring the make the American people un - facturer’s vehicles. understatement. The Pittsburgh- toioi” (from Karpathos, problem of lead paint to light. derstand that most of the pro - born Baltimorean is an ex - Karpathians). Legal victories aside, Mr. An - grams that the Republican party ON GREECE tremely influential figure in The family started out in gelos doesn’t think the struggle advocates are not consistent He visits Athens and the town – whether through the Pennsylvania as his father is over. He says: “I think there with the well-being of the Amer - Greek islands as often as he can. Law Offices of Peter Angelos, worked in heavy industry before are forces at work to diminish ican people.” “Just like everybody else of with its 80 plus lawyers, who opening a restaurant “like every the legal rights of American cit - Greek descent, we always come regularly have won millions for other aspiring Greek immi - izens, who have historically had BIG CASES, QUIET BATTLES back.” He notes that when he clients, his extensive support grant.” Things went well and he very strong rights, and he adds: When it comes to the seminal does, his early Greek school and lobbying efforts for the De - decided to seek his fortune in “I think we need to be watchful case in which he was selected training kicks in. “After I’m there mocratic party, or his ownership Maryland, where he had many and on guard so those liberties to represent the State of Mary - two weeks, I begin talking like of the city’s struggling Orioles friends. and guarantees will continue as land against Philip Morris, he I’m a local.” The attorney with baseball team (since 1993). they have in the past.” Asbestos says the state declined to pay, a great love for thoroughbred But when the hard-nosed WHY WE NEED LAWYERS litigation, personal injury, med - as the original agreement dic - horses (he breeds them), a lawyer and businessman speaks The years have not dimin - ical malpractice, product liabil - tated, 25% of the recovery when Maryland tradition, says he’s of his parents, another side ished a passion for social justice ity, environmental litigation, the recovery turned out to be a comes through. He sprinkles in for the lawyer who opened his workers’ compensation, securi - whopping $4.5 billion. He said, Continued on page 18 THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 3

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SIX ALPHA CORP. 4 50 WEALTHIEST GREEKS IN AMERICA THE NATIONAL HERALD, FEBRUARY 19, 2011 The 50 Wealthiest Greeks in America List

HASEOTES Bank of New York from 2000 to Original Founders of Leadership Mr. Argyros is married with 1. FAMILY 2004. He is the author of several 100 and FAITH: An Endowment three children, and enjoys sail - $3.1 BILLION books (including 2010 memoir for Hellenism and Orthodoxy. ing, skiing and hunting. DAIRY, CONVENIENCE The Education of an American He states, “It is particularly STORES, Dreamer), and lectures and important to Mary and me to PETROLEUM PRODUCTS speaks on television frequently give back to institutions which ARTHUR S. about issues of fiscal responsi - have truly inspired us and may 7. DEMOULAS Vasilios and Aphrodite bility. When Blackstone went help open doors for young peo - $1.6 BILLION Haseotes immigrated from public, he committed $1 billion ple and the community. We be - SUPERMARKETS Greece’s Macedonia and Epirus of his own money (in stages) to lieve that our Hellenic culture regions to the US, buying a one- establish the Peter G. Peterson and Orthodox faith provided the Demoulas Market Basket is a cow dairy farm in Cumberland, Foundation, which educates the foundation for our values and chain of 60 supermarkets in Rhode Island for $84 in 1938. American public about doing identity. Therefore, we feel an eastern New England. Ranked Cumberland Farms (incorpo - something about the country’s immense sense of gratitude that 114th in 2010 by Forbes among rated in 1957) eventually grew long term fiscal challenges. “In inspires us to support organiza - the country’s largest privately to become the largest dairy farm the 1990s, given the significant tions such as the Church and its held companies, (up from 159th operation in Massachusetts. In rise in price earnings ratios, you educational ministries as well as last year) with 18,500 employ - 1956, the company opened a didn’t have to be a physics ge - other cultural institutions and ees and $3.2 billion in revenues jug-milk store in Bellingham, nius to do well in the private eq - higher education related to pro - in 2009, Market Basket has Massachusetts. Few convenience uity business,” he recently told moting Hellenism and Ortho - stores from central New Hamp - food stores offering dawn-to- Forbes. “Thereafter, stocks, and doxy -- for the enlightenment, shire to Bristol County, Massa - midnight service every day of in particular, price earnings ra - education, and enjoyment of fu - chusetts with headquarters in the week existed in the North in tios, went down considerably ture generations.” Tewksbury, Massachusetts. Su - the 1950’s. and the way you made money He and Mrs. Jaharis reside in permarket News ranked Market But by 1967, there were then is principally to improve New York. They have two chil - Basket #43 in its “Top 75 Re - some 8,000. With some 400 founding Roxoil Drilling, which operating earnings, which re - dren and five grandchildren. ren, Pennsylvania and purchased tailers for 2010”. stores, Cumberland Farms was eventually became Mitchell En - quires you to be not in the fi - the oil refiner’s stock for $7.5 The grocery retailer also among the industry leaders. By ergy & Development Corp, with nancial engineering business, million. Today, the firm owns manages real estate interests. the early 1990’s, Cumberland his brother Johnny in 1946. but in the operations improve - JIM DAVIS & 375 gas outlets and convenience Market Basket supermarkets are Farms ranked third among the He made his fortune by wild - ment business, making the busi - 5. FAMILY stores, primarily in western typically located in shopping country’s convenience store catting (i.e., searching for, and nesses more productive and that $1.8 BILLION Pennsylvania and western New centers with other retail outlets, chains, and was also a leader in finding, reserves) in North Texas requires a very different set of APPAREL York. including properties owned by both the retail and wholesale and Southern Louisiana oil and skills than deciding how to struc - Mr. Catsmatidis is a licensed the company through its real es - distribution of petroleum prod - gas fields, and then selling most ture a balance sheet.” He’s Ranked 221st in the Forbes pilot, though eye surgery has tate arm, Retail Management & ucts. of his company’s interests to De - among the U.S. billionaires who 400 Richest Americans, Mr. grounded him over the past few Development (RMD Inc.). A closely held family-owned von Energy for $3.5 billion in decided to take the Giving Davis, 67, made his fortune with years. He has helped raise mil - Greek immigrants Athanasios company since its inception, 2001. He invested the proceeds Pledge in 2010 to give much of the purchase of New Balance on lions for Alzheimer’s, Parkinson’s (Arthur) and Efrosini Demoulas Cumberland Farms has since of the sale in real estate: e.g., their wealth to charity. The Giv - Marathon Monday in 1972. Mr. and Juvenile Diabetes research. opened a grocery store in Low - grown to become a multi-billion- Bald Head Island, North Car - ing Pledge was initiated by War - Davis transformed the company He served as co-chairman and ell, Massachusetts in 1917, spe - dollar corporation. Lily olina. He also owns more than ren Buffett and Bill Gates Jr. founded in 1906 into a $1.65 founder of the Brooklyn Tech cializing in fresh lamb. In 1954, (Haseotes) Bentas, daughter of 20 hotels and private buildings. Mr. Peterson now resides in billion in sales empire by reject - Endowment Foundation. The they sold their store to two of Vasilios and Aphrodite Haseotes, He resides in The Woodlands, New York. He is married to Joan ing celebrity endorsements for $10 million fund is the largest their six children, Telemachus is chairman of the board of di - an environmentally friendly re - Ganz Cooney, founder and for - hard-core runners. The company gift to a secondary school in the (Mike) and George Demoulas. rectors and her nephew, Ari gion he founded in 1974, with mer chairman of Children’s Tele - took third place in the sneaker United States. Since 1988 he has Within 15 years, the two broth - Haseotes, is the president. his wife, Cynthia. They have ten vision Workshop (“Sesame market in 2003 with 11 percent, funded scholarships at the NYU ers had transformed their par - Company headquarters are in children and 28 grandchildren. Street”), and is the father of five. behind Reebok and Nike by run - School of Business. He is also ents’ mom-and-pop grocery store The Mitchells are one of ning solo, proclaiming that it is the publisher of the “Hellenic into a more modern supermar - A&M’s largest private benefac - MICHAEL Times”. He is married and the ket chain of 15 stores. tors. Their gifts in support of the 4. JAHARIS father of two children. His wife University’s Physics department $1.9 BILLION Margo runs his company’s in- include $35 million for two new PHARMACEUTICALS house advertising agency. To - facilities, which opened in 2009. gether, they help run the Hel - The couple has an active interest Ranked 205th among the lenic Times Scholarship Fund, in historic preservation, and has Forbes Richest 400 Americans, which has awarded hundreds of taken a leading role in rejuve - with an estimated net worth of thousands in scholarships to nating Galveston’s historic $1.9 billion Michael Jaharis, 82, Greek American students over Strand District and helped revi - founded Kos Pharmaceuticals. the past 17 years. Mr. Catsima - talize the city’s mid-winter Mardi Mr. Jaharis, the son of Greek tidis publicly considered running Gras celebration. immigrants, is a native of for mayor of New York City in Mr. Mitchell still goes to his Chicago; he earned his bache - 2009, but decided against it. office almost every day, and still lor’s degree from Carroll Univer - travels regularly for business sity in Wisconsin. He served in purposes. He is a major bene - the U.S. Army Medical Corps GEORGE L. factor of the Houston-Galveston during the Korean War and later 7. ARGYROS area’s hospitals. He is also a na - attended night school at DePaul $1.6 BILLION ture enthusiast, and a believer University to earn his law degree REAL ESTATE The last use of the name De - in environmental and energy while working as a sales repre - Moulas on a facade was on conservation. He is opposed to sentative for Miles Laboratories. "endorsed by no one." Ranked 252nd in the Forbes this since closed and demol - oil drilling in the Alaska wildlife In 1972, Mr. Jaharis and partner New Balance is one of several 400 with an estimated net worth ished temporary store in refuge, and has funded a $10 Phillip Frost acquired Key Phar - shoe companies that makes of $1.6 billion this past Septem - Salem, NH. million National Academies maceuticals and transformed the some of their products in the ber, Mr. Argyros, 73, made his study on sustainable develop - tiny producer of cough and cold United States (25% of its shoes fortune in grocery stores and Demoulas Markets became a Framingham, Massachusetts. ment and population growth. remedies into a powerhouse sold in North America), owning then real estate. virtual category killer in the Mer - Cumberland Farms owns and company with newly developed five factories: two in Massachu - He earned his bachelor’s de - rimack Valley area, often leading operates convenience stores and top-selling asthma and cardio - setts (Boston and Lawrence), gree at Chapman University. A other supermarkets in the area gas stations throughout New PETER G. vascular drugs. Under his lead - and three in Maine (Norridge - second-generation American of to close. George Demoulas died England, New York, the Mid-At - 2. PETERSON ership, Key’s sales increased 100- wock, Skowhegan, and Nor - Greek descent, he was born in of a heart attack in 1971 while lantic States and Florida under $2 BILLION fold before the company’s $836 way). The company’s production Detroit and raised in Pasadena. vacationing in Greece, making the Cumberland Farms and Gulf ALTERNATIVE INVESTMENTS million merger with Schering- facility in the United Kingdom He went into real estate in 1962, Mike the sole head of the De - names. Its Gulf Oil arm sells Plough in 1986. Two years later, has been at Flimby, Cumbria in selling land at busy intersections moulas chain. Although Mike gasoline to franchised service Ranked 182nd among the Mr. Jaharis launched Kos Phar - North West England since 1982. to oil companies to set up gas had promised to provide for his stations. The company first Forbes 400 and 488th at the The company claims its new stations. Today, his privately brother’s family in the event of added a gas station to one of its World's Billionaires, Mr. Peter - True Balance toning shoes help held Arnel & Affiliates owns and his death, a lawsuit filed in 1990 stores in 1971 and expanded son, 84, is co-founder and for - increase muscle stimulation and manages 5,500 apartments and by George Demoulas’ heirs al - greatly in the wake of the 1973- mer chairman of the Blackstone burn more calories. Mr. Davis 2 million square feet of commer - leged that Mike had defrauded 74 Arab oil embargo. By 1975 Group, one of the world’s largest earned his bachelor’s degree in cial space. Mr. Argyros founded them out of all but 8 percent of Cumberland Farms opened its private investment firms with 19 biochemistry at Middlebury Col - the private equity firm Westar company stock by moving assets 1000th store. The following offices around the world. lege in 1966. He co-owns Major Capital in 1987; the company’s into shell companies and claim - year, it opened a 560,000- Mr. Peterson co-founded League Lacrosse, with six teams portfolio includes pet products ing those were separate compa - square-foot bakery and ware - Blackstone with Stephen this year. He’s extended his (Petmate) healthcare (LifeCare nies from DeMoulas itself. The house in Westborough, Massa - Schwarzman in 1985 with product line to include lacrosse, Solutions) and lighting (Candle lengthy ensuing legal case chusetts, and purchased more $400,000; the firm’s private eq - hockey and soccer gear, having Lamp). threatened to require the sale of than 500 Gulf and Chevron ser - uity funds own or have interests acquired Vital Apparel Group in Former President George W. the chain. In 1994, Judge Maria vice stations and related assets in 54 companies. The company December 2007. In that same Bush appointed him U.S. ambas - Lopez ruled that Mike Demoulas in 11 Northeastern states. The went public in June 2007 at $31 year, Mr. Davis resigned as chief sador to Spain in 2001, after had defrauded George’s family transaction included contracts to a share. After a dip in share val - executive officer of the ac - leading GOP fundraising efforts out of nearly $500 million, supply gasoline to about 1,700 ues with a crisis in the private tivewear firm to make way for a in California in 2000. He hosted transferring 51 percent of De - Gulf dealers and 2,000 stations, equity industry, the shares dou - new leader, Robert T. DeMartini. a $25,000-per-couple dinner for moulas’ stock to George’s family. making Cumberland Farms the bled in value in 2009 – and have Mr. Davis is married to wife U.S. Senator and then-presiden - Mike Demoulas passed away in largest independent seller of reached $17 in February 2011. Anne with whom he has two tial hopeful John McCain (R-Ari - 2003. gasoline in America. Mr. Peterson retired from the children and resides in Newton, zona) at his home in 2008. Mr. In March 2006, “Boston Mag - At one point, Cumberland company, now valued at $17 bil - Massachusetts. Mr. Davis also Argyros also served on the Fed - azine” ranked Arthur S. De - Farms had 1,200 stores, about lion, in late 2008, receiving collects cars on his free time. eral Home Loan Mortgage Cor - moulas (son of George) 8th half of which were selling gas. $1.85 billion in cash upon exit - poration under the President among the Boston area’s 50 Now a company of over 1,000 ing, before taxes and meeting JOHN A. George H.W. Bush. wealthiest, ascribing to him a retail stores and stations, Forbes several trust and charitable 6. CATSIMATIDIS He lives in a $4.5 million es - net worth of $1.6 billion. ranked Cumberland Farms the obligations. As of last December, $1.7 BILLION tate on Harbor Island in New - 44th largest privately held com - Blackstone was managing $104 maceuticals, which pioneered OIL, REAL ESTATE port Bay, California. He is a rec - C. DEAN pany in the U.S. in 2010. The billion. The company’s recent ac - the HDL cholesterol market with SUPERMARKETS ognized business leader and 9. METROPOULOS company reportedly has 61 quisitions include the Anheuser- its good cholesterol-raising drug philanthropist. He was the 1993 $1.2 BILLION stores up for sale. Busch InBev’s U.S. theme parks Niaspan, before being sold to Ranked 238th among the recipient of the Horatio Alger MANAGEMENT, Cumberland Farms’ philan - ($2.7 billion in 2009) and Hilton Abbott Laboratories in 2006 for Forbes 400, Mr. Catsimatidis, 62, Award of Distinguished Ameri - ACQUISITIONS thropy includes its Believe and Hotels ($26 billion in 2007). $4.2 billion. Today, Mr. Jaharis is chairman & CEO of the Red Achieve Scholarship program. The son of Greek immigrants, is founder and director of Aris - Apple Group. Ranked 78th (up Mr. Metropoulos, 64, is very Ari Haseotes and his wife Ashley Mr. Peterson grew up in Ne - aph Pharmaceuticals Inc., a pri - from 100th this past November) well known in the private equity, founded the One Mission braska. He studied at Northwest - vately held drug discovery and among the country’s largest pri - investment banking and finan - (www.onemission.org) child - ern University, where he gradu - bio-tech company, and a founder vately held companies by Forbes, cial community, having spent the hood cancer foundation after ated summa cum laude, and of Vatera Healthcare Partners with 7,600 employees and esti - past two decades acquiring, re - their son Nicholas, who has earned his MBA from the Uni - LLC, a venture capital firm fo - mated annual revenues of $4.02 structuring and growing numer - since recovered, was diagnosed versity of Chicago. He was CEO cusing on the healthcare indus - billion, Red Apple has holdings ous businesses in the U.S., Mex - with leukemia as an infant. of Bell and Howell from 1963 to try. in oil refining, retail petroleum ico and Europe. Many of these 1971. He served as Secretary of Proud supporters of Hel - products, convenience stores, su - were subsequently taken public Commerce under President lenism, he and his wife Mary are permarkets and real estate. In or sold to strategic corporations. GEORGE P Nixon, and became chairman of major benefactors of the New 2009, Mr. Catsimatidis told He was chairman & CEO of Pin - 2. MITCHELL Lehman Brothers in 1973. He York Metropolitan Museum of Forbes that energy is “our main nacle Foods, the parent company $2 BILLION also chaired the Federal Reserve Art and also support many cul - business”. Mr. Catsimatidis’ for - of iconic brands such as Duncan ENERGY, REAL ESTATE tural, religious, higher educa - tune accelerated with rising oil Hines, Vlasic and Mrs. Paul’s. tion, and healthcare institutions prices in 2007-08. Pinnacle was purchased by the Ranked 182nd among Forbes’ though the Jaharis Family Foun - His parents came to America Blackstone Group for more than “400 Richest Americans” and dation, Inc. Most recently, in Oc - from the island of Nisyros while $2.26 billion in 2007. 437th among Forbes’ “World's tober 2010, the Mary Jaharis he was a child. He grew up in Mr. Metropoulos is Chairman Billionaires”, with an estimated Center for Byzantine Art and New York City on Manhattan’s & CEO of C. Dean Metropoulos net worth of $2 billion, Mr. Culture was inaugurated at Hel - west side. He attended New York & Co., a boutique buyout and Mitchell is chairman of GPM lenic College – Holy Cross Greek University, but dropped out be - management firm. The firm fo - Inc., and is now 91 years of age. Orthodox Theological Seminary fore completing his degree re - cuses on the acquisition and op - The son of a Greek immigrant which will serve as a premier in - quirements because of business eration of companies with con - goatherd, he grew up in Galve - ternational research center. Mr. demands. He opened his first sumer brand products, and has ston, Texas – in the same build - Jaharis also serves as Trustee grocery store in 1969, and been involved in more than 68 ing where his father’s dry clean - Emeritus of Tufts University in owned ten stores by the age of cans, and a 2001 recipient of the acquisitions involving over $12 ing shop was located. A 1940 Boston, Chairman of the Board 24, making $25 million a year Ellis Island Medal of Honor. He billion in invested capital since graduate of Texas A&M Univer - of Overseers for the School of in revenue. He plowed $5 mil - has served on the board of 1993. Mr. Metropoulos says: “I sity with a degree in petroleum Medicine, Tufts University, Mem - lion into Manhattan real estate trustees for several community love finding opportunities, ne - engineering, he served in the ber of the Columbia University in 1977; that property was organizations, including the Cal - gotiating the deals, and reposi - U.S. Army Corps of Engineers Medical Center Board of Visitors, worth $100 million just five ifornia Institute of Technology; tioning the companies into vi - during World War II before and Member of the Board of years later. the Beckman Foundation; the brant, growing businesses.... If Overseers of the Weill Cornell Today, Red Apple reportedly Horatio Alger Association; and we’re proud of anything, it’s that Note : All names marked Medical College and Graduate owns $500 million worth of Chapman University. He owned we have never lost money with with an asterisk (*) are School of Medical Sciences. property and the Gristedes su - baseball’s Seattle Mariners be - any of our acquisitions in which newcomers to the TNH 50 He is the Vice Chairman of permarket chain. He stumbled tween 1980 and 1989. He is an we have averaged 44% returns Wealthiest list. the Greek Orthodox Archdiocese upon the Chapter 11 proceed - Archon of the Patriarchate’s Or - of America and is one of the ings of United Refining in War - der of St. Andrew the Apostle. Continued on page 6 THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 5

“Freedom is not free. It comes at a great cost, John G. Rangos Sr Keeps Medal of Honor, and the blood of our heroes has paid for it on every continent. We Heroism and History Alive must preserve our historical records for on December 21, 1861. The end vance healthcare and education. succeeding generations. of this calendar year will mark He also founded International People need to know its 150th anniversary. The Orthodox Christian Charities in Medal of Honor is the highest 1992, and remains a driving why these people military decoration awarded by force behind IOCC, which has received the Medal of the U.S. Government. It is be - since become a successful and Honor, and what their stowed by the President of the well-respected humanitarian United States on members of agency that works with other contributions and the armed forces who distin - major charitable organizations sacrifices were. A guish themselves “conspicuously on a regular basis all over the country’s greatness is by gallantry and intrepidity at world. the risk of his or her life above “Even heroes have heroes, measured by how much and beyond the call of duty and Medal of Honor recipients it honors, respects and while engaged in an action are no different from the rest of cherishes its heroes. If against an enemy of the United us when it comes to admiring States.” It is often awarded the patriotism, courage and no - we fail to honor our posthumously – more than half ble actions of others,” according heroes properly – if we of the 3,471 Medals of Honor to General Nick Kehoe (U.S. Air don’t keep a proper have been awarded since 1941 Force, retired), president of the for conflicts dating back to the CMOH Foundation, which Mr. archive about their Civil War. Rangos founded to support the actions and There are only 86 living activities of the CMOH Society achievements – this Medal of Honor recipients left. through outreach and collabo - Sgt. Giunta is the first living re - rative efforts. important part of cipient since the Vietnam War “John Rangos deserves the American history could (ten others were awarded honor because of everything be lost to future posthumously for their conduct he’s done for the Medal of and actions in the U.S.S. Liberty Honor Society through the generations.” Incident, the Battle of Mo - The Congressional Medal of Honor Society honored Greek American magnate John G. Rangos Medal of Honor Foundation. gadishu and the Wars in Iraq in Dallas this past October with a special coin box collection containing the challenge coins of Years ago, he met a Medal of – John G. Rangos Sr. and Afghanistan). every Medal of Honor recipient, living and deceased, who has ever had a challenge coin struck. Honor recipient who was trav - But how many of us stop to (L-R) Joe Foran, Alex Rangos, Mr. Rangos and Mike Thornton, a Medal of Honor recipient. eling to speak somewhere on his think that even heroes like Sgt. own dime, and John Rangos Giunta have heroes? How many standing of its demands are ac - over the years, the night before learned that many recipients By Evan C. Lambrou of us stop to consider patriotism cepted without reservation the 2010 National Patriot Award were doing that without getting Special to The National Herald of another order? If Medal of (www.homeofheroes.com).” Gala, which honored billionaire reimbursed. They do so because Honor recipients recognize pa - PRESTIGIOUS ROSTER financier T. Boone Pickens. they think it’s important, and here are heroes in this triotism in others, shouldn’t we The Patriot Award itself is a While both Mr. Perot, who they’re in the limelight because country, soldiers who do the same? gold medallion bearing the seal ran for President as an Indepen - of what they achieved in combat receive the highest hon - The Congressional Medal of of the CMOH Society on its face, dent back in 1992, and Mr. Pick - to receive this very prestigious Tors and accolades for Honor Society recently honored with an inscription on the re - ens have been key contributors Medal. And John Rangos their bravery and valor on the one of the Greek American com - verse side bearing the name of to the CMOH Foundation in re - thought, ‘Medal of Honor Recip - battlefield. They often make the munity’s most prominent mem - the recipient and brief details cent years, the Rangos Family ients shouldn’t have to dig into ultimate sacrifice, risking and bers for his unique sense of pa - about the award. Its past recip - Foundation was the CMOH their own pockets for that. We giving their own lives under ex - triotism and contributions to ients include heavyweights like Foundation’s main source of ought to help them do that.’ So tremely dangerous, life-threat - this country: John G. Rangos Sr. Will Rogers (1979); Presidents funding during the first three he started the Medal of Honor ening circumstances to make Chartered by Congress in Ronald Reagan (1983) and years of its inception in 1999, Foundation,” Gen. Kehoe told sure their comrades escape or 1958, the CMOH Society, which George H.W. Bush (1995); Gen - providing hundreds of thou - The National Herald. survive. consists exclusively of living eral William C. Westmoreland sands to help it get off the The coin box the CMOH So - These soldiers are widely Medal of Honor recipients, un - (1986); Lee Iacocca (1989); ground. ciety presented to Mr. Rangos considered true patriots. They derstands this basic concept, Ross Perot (1993); Helen Rob - In recognition of this singular at the end of last October was defend our country out of gen - and honors distinguished and son Walton (1997); Bob and lifeline of funding in the CMOH also “very prestigious and very uine and selfless interest in pre - accomplished individuals with Elizabeth Dole (1998); Gen. H. Foundation’s early years, as well personal,” Gen. Kehoe pointed serving our national security its National Patriot Award each Norman Schwarzkopf (2002); as his ongoing support since out. and freedom. They are real-life year. and Senator John McCain then, the CMOH Society gave “The Appreciation Dinner heroes, many of whom gave up The members of the CMOH (2005). Mr. Rangos is also on Mr. Rangos a special coin box was a little out of the ordinary. their own tomorrows so that we Society designed and presented that prestigious roster, having containing challenge coins from Typically, the Society hosts the could have today. their first Patriot Award in 1968. received his Patriot Award back all Medal of Honor recipients annual Patriot Award Gala, but Staff Sergeant Salvatore A. Since then, it has been pre - in 1991, and having been the (living and deceased) since they they decided to also honor John Giunta (U.S. Army) is one such sented regularly during their Award’s presenter for Mr. Perot started having their individual Rangos the night before giving hero. He recently received the now-annual (formerly bi-an - AP/CHARLES DHARAPAK in 1993. challenge coins struck. Boone Pickens the Patriot Award Medal of Honor from President nual) reunions to “distinguished Staff Sgt. Salvatore Giunta of During a special appreciation Mr. Rangos, who made a for - last fall. They issued a coin box Obama for risking his own life Americans who exemplify the Hiawatha, Iowa is the first liv - dinner in Dallas last October 25, tune in the environmental man - specifically in John Rangos’ to save another wounded sol - ideals that make our country ing Medal of Honor recipient the CMOH Society also pre - agement industry, is well known honor the night before the 2010 dier from being captured in strong… These Americans’ ded - since the Vietnam War. The sented Mr. Rangos with a special for his philanthropy, having Patriot Award dinner. There are Afghanistan. ication to freedom, love for their Medal of Honor is the highest token of gratitude for all his sup - given millions to hospitals and now more than 100 individual Congress passed an act es - fellow man, and their allegiance military decoration awarded port and contributions to the various institutions of higher tablishing the Medal of Honor to our flag with a full under - by the US Government. CMOH Society’s foundation learning to help finance and ad - Continued on page 18

Drs. Spiro & Amalia Spireas and Sigmapharm Laboratories

«Αγαθά κόποις κτώνται» Αριστοτέλης

Sigmapharm Laboratories, LLC 3375 Progress Drive, Bensalem - PA 19020 Tel.: (215) 352-6655 - Fax: (215) 352-6644 www.sigmapharm.com 6 50 WEALTHIEST GREEKS IN AMERICA THE NATIONAL HERALD, FEBRUARY 19, 2011 The 50 Wealthiest Greeks in America List

Continued from page 4 ing developers, and is the largest building so that we, as Greeks ous universities and medical years, the figure is at over $3.14 family-owned construction and in America, as well as those who centers. In 2003 Northeastern million. In September 2009, the over a twenty year period.” property management company support Greek arts, history and University and Medical Center Des Moines Pappajohn Sculpture In early 2000, Mr. Metropou - in the United States. It has built education, can showcase and opened the Behrakis Health Sci - Park opened, featuring $40 mil - los acquired International Home more than 100,000 units in 19 celebrate Greek heritage and ence Building and also created lion of the avid collector couple’s Foods, a subsidiary of Wyeth, states. contributions for generations of the Center for Drug Discovery. artwork. In December 2010 the which included Chef Boyardee, Mr. Spanos was inducted into Americans of all backgrounds.” A recipient of many awards Pappajohns pledged $26.4 mil - PAM cooking spray, Bumble Bee the California Building Industry for his contributions to business, lion towards a new University of tuna, Jiffy Pop popcorn and Hall of Fame in 2005. He bought science, the arts and the Greek Iowa biomedical research build - Gulden’s mustard. Forty percent 60 percent of the Chargers from Orthodox Church, he sits on the ing. The couple gifted over $70 of the business first went public, then-majority owner Eugene board of The Boston Symphony million in 2009. and subsequently 100% was Klein in 1984. Over the next ten Orchestra and is emeritus chair - Mr. Pappajohn is the recipient sold to ConAgra in 2000 for $2.9 years, he bought out the shares man of Northeastern University. of many prestigious awards, to billion. of several small co-owners, He has served on many boards include the Horatio Alger Award Born in Greece, his family bringing his control of the team of both public and private com - (1995), the Ellis Island Medal of moved to America when he was to 97 percent. His son Dean now panies. He is on the advisory Honor (2000) and the Woodrow nine years of age. In Watertown, manages the team. Mr. Spanos, board of the Harvard School of Wilson International Center Massachusetts, his father Jimmy one of the largest single private Public Health. Award for Corporate Citizenship Metropoulos worked at the Star contributors to the Republican Perhaps no institution has re - (2007). He is the first Iowan and Market and later owned a National Party during Presiden - ceived as much from Mr. the second Greek American restaurant in Newton called tial election years, helped raise Behrakis as the Boston Museum (Pete Peterson was the first) to Cabot. over $2 million for Senator John of Fine Arts. His relationship receive the Woodrow Wilson Mr. Metropoulos went to col - McCain’s 2008 Presidential bid. with the museum dates back to Award. Mr. Pappajohn is the re - lege on a scholarship, and after President Bush appointed Mr. his high school days, when his residential and commercial de - cipient of several honorary doc - graduate school at Babson Col - Spanos to the Kennedy Center uncle, John Zaroulis, took him velopments. Mr. Valiotis estab - torates. lege and a year and a half to - board in 2004. Mr. Spanos has to see the galleries. Later, Mr. lished his construction company, wards his doctorate at Colum - also contributed millions to Behrakis would host parties at Vordonia Construction Corpora - bia, he went to work for the GTE schools, hospitals and charity. the Museum. He became a mem - tion, in 1988, which serves as JOHN Corporation, which is now Veri - Though Mr. Spanos now suf - ber in 1989, a patron in 1996, the general contractor for the 16 PAYIAVLAS zon. After graduate school Mr. fers from a fading memory, he and an overseer in 1998. Then, majority of his projects. Vordo - $650 MILLION Metropoulos joined GTE Inter - remains in good health. He is one day in 2001, Mr. Behrakis nia Contracting and Supplies FOOD INDUSTRY national and became its still an early riser (up by 5:30 showed up for lunch with MFA Corp. is another subsidiary of youngest senior vice president AM almost every morning); still Director Malcolm Rogers and ALMA. Mr. Payiavlas is chairman of responsible for their interna - hits the gym; and still goes to handed him a sealed envelope. In 1989, Mr. Valiotis, along AVI Foodsystems, the country’s tional business in 62 countries. the office each morning. But he GEORGE Inside was a check for $2 million with several other investors, largest independent, family- lets his kids run the business 12 ANDREAS to endow Christine Kondoleon’s formed Marathon National owned and-operated contract these days, and said he likes to $950 MILLION position as curator of Greek & Bank. He served as chairman of food service company, providing play cards with his friends. ART, REAL ESTATE, Roman Art. He has given $25 the bank’s board of directors and vending, institutional dining and “What the heck. I’m 85 years INVESTMENTS million to the museum since as a member for ten years. coffee service operations. old, and my kids are doing a 2006 and the museum now has Marathon was acquired by Pi - Founded in 1960, AVI cur - good job. It’s their turn now,” he A painter and investor in real the new George D. and Margo raeus National Bank of Greece rently employs thousands, serves told the National Herald in estate among other businesses, Behrakis Wing, which houses in 1999. In 2007, he formed millions of consumers daily, and 2009. In 2002, Mr. Spanos pub - Mr. Andreas (Andreopoulos) Greek, Roman and Egyptian Gal - Alma Bank, in which he is a ma - serves some of the most presti - lished his autobiography entitled was born in Athens in 1938. Be - leries. jority shareholder. He serves as gious institutions in America, in - “Sharing the Wealth: My Story”. fore studying at the Greek Mili - In 2010, Mr. Behrakis gave a Chairman of the Advisory Board. cluding industry, corporate He and his wife Faye have four tary Academy, he was an appren - $1.8 million grant to a Harvard The bank, created with the high - headquarters complexes, univer - children, 15 grandchildren and tice to Greek portrait and University School of Public est capital investment in a NY sities, school systems and health - one great-grandson. landscape artist Constantine Health study on smoking in State commercial bank, is care facilities throughout the Artemis. His four-year appren - Greece. This past November, the rapidly expanding, with ten Midwestern and Eastern United ticeship began in 1952, at age 50-year-member of AHEPA was branches and several more States. Their clients include JOHN P. 14, grinding pigments and mix - honored with the organization’s branches to come. The bank’s Carnegie Mellon University, 11 CALAMOS, SR. ing paints, learning about tech - Archbishop Iakovos Humanitar - capital has grown from $50 mil - Eastman Kodak, Good Year, 1 BILLION nique and studying composition. ian Award in Orange, Connecti - lion to $500 million in just three Honda of America Manufactur - MUTUAL FUNDS While studying with Mr. cut. years. ing, Kmart, Kraft Foods, Ohio Artemis, Mr. Andreas also dis - Mr. Valiotis earned his degree State University, Phillips, Toyota Mr. Calamos, 70, earned both covered and was inspired by the in Theology from the University Motor Manufacturing, Univer - his bachelor’s degree in econom - paintings of Constantine of Athens. His extensive chari - sity of Pittsburgh Medical Cen - ics and his MBA from the Illinois Parthenes, a progressive artist table contributions include ma - ter, UPS, the U.S. Postal Service, Institute of Technology. A son of who spurned tradition. In 1967, jor support of the St. Demetrios Toyota Motor Manufacturing, Other well known businesses Greek immigrants, he is a prod - a tyrannical regime led by Col. Cathedral in Astoria, NY, and the Verizon and Xerox. Intensely pri - in which C. Dean Metropoulos uct of Chicago public schools, George Papadopoulos seized Holy Cross Greek Orthodox vate, Mr. Payiavlas runs the com - & Company were investors and and grew up above his family’s power in Greece, and Mr. An - Church of Whitestone, NY, its pany along with his son Anthony operators included Mumm and grocery store on Chicago’s west dreas, by now a distinguished school, which is named the Efs - and his daughter Patrice. Based Perrier Jouet Champagnes of side. He developed his passion military officer, moved to New tathios and Stamatiki Valiotis in Warren, Ohio, AVI has more France, Stella Foods, the Morn - for the stock market as a York. Greek American School, and its than 50 branch offices in the ingstar Group, Ghirardelli teenager after investing his par - Since then, he has divided his community center. Mr. Valiotis Midwestern and Eastern United Chocolate Company, Del Monte ents’ $5,000 nest egg. time between his studios in Vir - financed and built a T.E.I. (tech - States, and makes $2 billion in Mexico and National Water - After earning his MBA, he be - ginia, Florida and New York City. nical college) in his hometown sales annually. works. came an early authority on con - Over 40 years, he has made over of Sparta, Greece, which also Mr. Payiavlas and his wife In 2010, he made waves with vertible securities, and launched 140 oil works and 1,000 works bears his name and currently en - Marissa were honored during the purchase of Pabst Brewing an investment outfit that even - on paper, yet Mr. Andreas has rolls 2,000 students. A firm be - Cleveland’s annual 1921 Society Co. for $250 million and in early tually became Calamos Asset established several policies for liever in education, he supports 2011, Mr. Metropoulos and a Management in 1977. His himself regarding his art and his various educational institutions. group were among those bid - money management firm serves dealings with the art world: He He is married to Stamatiki ding for the purchase of $11.5 institutional clients and manages has intentionally not sold an Kousoulas and they have three billion food giant Sara Lee. mutual funds. The company pro - original piece since 1993. His children, Sophia, Katerina and Mr. Metropoulos attributes vides money management ser - Monographia, a collection of 18 George. some of the most successful vices to major corporations, in - lithographs, is available for pur - ideas of turning around and stitutions, pension funds, chase. Mr. Andreas is working Mr. Behrakis, a former presi - reinventing the many well- insurance companies and indi - on several significant new pro - dent of the Holy Trinity Greek JOHN known brands to the out-of-the- viduals. The company went pub - jects, to include one called Orthodox Church in Lowell, 15 PAPPAJOHN box thinking and execution of lic in 2004. A much-lauded mon - Smash the System, consisting of M.A., is a member of the Arch - $700 MILLION his two sons, Evan and Daren. eyman over the last few years, at least twelve paintings and diocesan Council’s Executive VENTURE CAPITALISM Mr. Metropoulos and his wife Mr. Calamos was worth $2.7 bil - video. This body of work will be Committee, and an Archon of Marianne live in Greenwich, lion just four years ago, accord - a reflection of a social criticism the Ecumenical Patriarchate. He Mr. Pappajohn, 82, is presi - Connecticut, and Evan and ing to Forbes, which profiled him of the Anarchist movement over is Chairman Emeritus of Lead - dent of Equity Dynamics and Daren are bicoastal between on its Forbes 400 list. Though time. ership 100. Behrakis also pub - Pappajohn Capital Resources, of New York and Los Angeles. the 2008 financial crisis struck Art is not the only component lishes the Hellenic Voice. He and which he is also sole proprietor. of his fortune. Among several his wife Margo have been mar - Equity Dynamics is a financial other business ventures, he has ried for 49 years and have four consulting entity; Pappajohn ALEX G. SPANOS substantial real estate assets. He children and nine grandchildren. Capital Resources is a venture 10 & FAMILY has also owned and operated a capital firm. $1.1 BILLION very successful car dealership, EFSTATHIOS Mr. Pappajohn first came REAL ESTATE employing hundreds, one of 14 (STEVE) from Greece to the United States PROFESSIONAL FOOTBALL which was ranked the second VALIOTIS when he was just 9 months old. Dinner, held on September 14, most profitable dealership in the $800 MILLION His father died when he was 16 2006 at Severance Hall. The din - Mr. Spanos, 87, owns the Na - country. Mr. Andreas’ wife Ur - REAL ESTATE years of age, and he had to work ner, attended by more than 300 tional Football League’s San sula assists him in all of his en - to pay his way through college. people, honored friends who Diego Chargers. His family is deavors. He has one son, Mr. Valiotis, 64, is president He graduated from the Univer - have given $1 million or more ranked 808th among the world’s Christopher, a daughter-in-law, and founder of the Astoria-based sity of Iowa’s College of Business to support the Cleveland Clinic’s billionaires by Forbes. His for - Andrita, and two grandchildren. Alma Realty Corporation, one of Administration in 1952. mission. During the event, the tune increased since 2004, and the largest real estate firms in Throughout his career as a ven - Clinic conferred its highest phil - then dropped some with the re - the New York metropolitan area. ture capitalist, he has been an anthropic honor, the Distin - cent plunge in the real estate GEORGE D. He was born in Vordonia, Greece early investor in over 100 invest - guished Fellow Award, upon Mr. market. The rising value of the 12 BEHRAKIS near Sparta, and immigrated to ment firms dedicated to advanc - & Mrs. Payiavlas. Mr. Payiavlas Chargers – now worth $907 mil - $925 MILLION the United States in 1972. He ing the biomedical and biotech - traces his origins to the island lion (purchased for $70 million PHARMACEUTICALS worked in the food industry and, nology industries. of Chios. He loves the Church, in 1984) - has offset the real es - within two years, purchased a He and his wife Mary, with having served as chairman of the tate losses. In 2008, Forbes listed Mr. Behrakis, 76, is founder newsstand and a food mart fol - whom he has one daughter, Archbishop Iakovos Leadership A.G. Spanos Companies as the chairman and chairman of lowed by a pizzeria. His next have partnered in philanthropic 100 Endowment Fund, and is an 403rd largest privately held firm Mythos, LLC, a Lexington, Mass - venture was establishing a cus - endeavors,which have provided Archon of the Ecumenical Patri - in the country, with estimated achusetts-based private invest - tom-made furniture business, millions for scholarships, busi - archate. revenues of $1.13 billion. his industry a blow, he is recov - ment company. He is also chair - Knossos Inc., in Astoria in 1976. ness opportunities and commu - The son of Greek immigrants, ering nicely with over $35 billion man of Gainesborough Within two years, the business nity enhancements. His charita - GEORGE Mr. Spanos received his bache - under management at the end Investments, launched in 1998. expanded to include two retail ble donations include the John 17 SAKELLARIS * lor’s degree at Pacific Lutheran of 2010. Mr. Calamos also has a A 1957 graduate of Northeast - display stores on Manhattan’s & Mary Pappajohn Clinical Can - ENERGY, ENVIRONMENT University. He began his career private real estate arm, Calamos ern University, Mr. Behrakis also Park Avenue and Sixth Avenue cer Center, and Pappajohn En - $600 MILLION as a baker, but when his business Real Estate LLC, which includes studied at Boston University, and and a furniture-manufacturing trepreneurial Centers at five nearly went bankrupt, he opted Hotel Arista, CityGate Centre is a recognized leader in the factory in Queens. Mr. Valiotis Iowa universities and colleges. Born in Vassara in Laconia, for a change in direction. In and other entities that surround pharmaceutical industry. He be - owned and actively managed To date, over 99,625 college stu - Greece, George Sakellaris, 64, 1951, he used an $800 loan to the investment company’s head - came best known, perhaps, for Knossos until 1994. dents have taken part in the lat - heads one of the largest energy purchase a small trucking com - quarters in Naperville, Illinois. his talent in solubilizing previ - In 1978 he began his highly ter, which have sparked 3,680 solutions companies in the U.S pany, which he turned into a suc - Mr. Calamos was the first ously insoluble chemicals and successful career investing in new businesses. In 2009, the and Canada. His company cessful enterprise. He then used member in his family to gradu - making them stable for medical real estate. Since then, Mr. Vali - Pappajohn Scholarship Founda - Ameresco, which is based in his profits to invest in real estate, ate from college. He served in use. otis’ expertise in acquisition and tion distributed $247,750 in Framingham, MA, specializes in and by 1960, he had an incor - the U.S. Air Force, flying the B- After completing his military development has included the grants to support ethnic, disad - providing energy efficiency and porated business. Today, his firm 52 Bomber, as a combat pilot in service, Mr. Behrakis began his purchase, sale, construction and vantaged and/or minority stu - renewable energy solutions for is one of America’s largest hous - Vietnam and as a Forward Air career at McNeil Laboratories (a management of both residential dents; over the previous 10 facilities throughout North Controller. He later spent ten division of Johnson & Johnson). and commercial properties. In America. Sakellaris founded the years in the USAF Reserves fly - In 1968, he founded Dooner 1983, Mr. Valiotis founded his company in 2000. Today it has ing the A-37 jet fighter and earn - Laboratories which developed own firm, known as Alma Realty 55 offices in 29 states and four ing the rank of Major. He keeps and manufactured a leading Corporation. Alma serves as the Canadian provinces. “Green. his aviation skills honed by fly - asthma medication, Slo-phyllin vessel through which Mr. Valiotis Clean. Sustainable” is the motto ing his Marchetti SF260 War - and Slo-bid. He sold the com - develops, builds, manages and of the company that increases bird. Mr. Calamos is chairman, pany to Rhone-Poulenc Rorer acquires real estate. He has built energy efficiency for schools, CEO and Co-CIO of Calamos In - (now Aventis) and purchased a diverse portfolio over the last hospitals, government buildings vestments, which he runs along ophthalmic firm Muro Pharma - three decades including multi- as well as businesses. Ameresco with his nephew Nick and his ceuticals in 1978. Mr. Behrakis family residential buildings, improves infrastructures and in - son John. sold his eye care products to commercial buildings, ground- troduces renewable energy sys - He is a trustee of the Illinois Bausch and Lomb and searched up construction of residential tems, including wind, solar and Institute of Technology and is on for new products, including and commercial buildings and a hydro power, and even landfill the board of directors of pharmaceuticals for asthma and retail shopping center. Alma Re - gas-to-energy Chicago’s new National Hellenic allergies. Mr. Behrakis sold the alty also owns and manages over Just a very few of its recent Museum, of which he is a major firm to Asta-Medica AG, a divi - 10,000 apartments of market contracts include a new biogas benefactor. “We have embarked sion of German conglomerate and affordable housing proper - recovery plant for Dallas Water on a grand mission,” he said. Degussa, retiring as president & ties in New York and New Jersey Utilities, that will save the city “We are building a national in - CEO in 1998. as well as over 5 million square $1.5 million a year, an energy stitution to honor our parents Mr. Behrakis is the son of feet of commercial property. He saving scheme for the city of Re - and grandparents: to honor our Greek immigrants. He and his is committed to investing and vere, MA that includes a solar rich Hellenic history. The only wife Margo have established improving communities by pro - institution of its kind, we are chairs and scholarships at vari - viding safe and well-maintained Continued on page 7 THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 7 Mistras’ Science Makes Waves

By Angelike Contis can I tell my family, we need to TNH Staff Writer buy some bonds to help the Greek government and to help roblems of an ultrasonic, Greece? It’s very difficult for us.” acoustic and radi - He has a different solution. ographic nature are part “The way you help Greece is Pof Dr. Sotirios Vahavio - not...by saying you will do los’s daily work. His company things (but by) creating jobs - Mistras Group is hired by com - Create a company.” Dr. Vahavi - panies and governments around olos is particularly proud of the the world to test the structural “25 quality jobs for educated integrity of their assets- be it Greeks” he’s helped create, bridges, oil rigs/platforms, nu - through his collaboration with clear power plant structures – daughter Athanasia Vahaviolos or even trees. and her Mistras-Envirocoustics In an example of its work, company, which is based in Mistras is working for Excelon, Greece. If bureaucratic hurdles the country’s largest nuclear could be removed, Dr. Vahavio - energy component and will save power owner/operator. Their los believes more of that U.S.- the city $13 million over 15 work involves inspecting hard- Greece synergy could take place. years, and a new steam plant to-reach underground plant pip - He points out that, at the mo - project for North Carolina State ing. Dr. Vahaviolos explains: ment, their Greek technical peo - University that is expected to “We send waves underneath the ple were in the country of Geor - save the school $6.5 million a soil in the pipes and we try to gia, working on a British year. see and assess if there has been Petroleum project. Mr. Sakellaris has this to say corrosion of those.” LISTENING TO NATURE about his green business: “There Like much of Mistras’ work, Cultivating olive oil and wine is tremendous market need for such projects are built solidly on in his native Mistras, the ver - energy efficiency and renewable the science of non-destructive dant place in the Peloponnese energy. From a business perspec - testing, where structures are once favored by Byzantine tive, being independent and tested using audio emissions re - rulers is a joyful pasttime for Dr. fully integrated while offering leased by materials under stress. Vahaviolos and his family. comprehensive energy solutions, This process employs state-of- Dr. Sotirios Vahaviolos believes a good business plan, a can-do attitude and a great team are More generally, his work has we are in the best position to of - the-art hardware, software and the keys to his success with Mistras Group. The engineer’s company puts science to work an environmental dimension – fer our clients the most optimum specialized teams – not to men - around the world. as Mistras’ work can prevent dis - solutions.” He continues, “Being tion satellites and the Internet. asters – and it feeds off nature. in the service business 'you are Says Dr. Vahaviolos of the type Greece, is a leader in the U.S. ple who retired. The companies counterpart. It also proved a big One of his most interesting as good as your people.' We al - of Internet-based monitoring, in its field. It’s also a profitable did not replace them. They help in helping Mistras over - projects, involved the detection ways strive to hire and retain the where a bridge in England or a enterprise, reflected by the ris - started buying services when come barriers to entering some of dryness in trees. He explains: best in our field.” platform in the North Sea can ing trend of its stocks since the needed. Well, we filled that country’s markets that place re - “If there is no water, the trunk After graduating from high be monitored from Princeton, company went public in October void, not only with instruments, strictions on foreign business. of the tree starts shaking. You school in Greece, Mr. Sakellaris “It’s basically like having your 2009. Dr. Vahaviolos, who was but with services. We kind of Expanding further into Europe, don’t see it, but it starts shaking. arrived in Bangor, Maine, as an doctor working remotely. And trained at Fairleigh Dickinson revolutionized the whole inspec - South America and the Middle By using our technology, exchange student in 1965 to go what the doctor will do is fore - University and Columbia Uni - tion industry and that’s why we East are the next step. Dr. Va - acoustic emission, we can reach to college. He spoke little Eng - cast impending diseases.” versity, and started out working became in the next 10 years, we haviolos cautiously predicts: “It into the tree, forecast xylene lish when he first enrolled at the It is the forecasting and the at Bell Laboratories in the became Number One in Amer - will take me a lot more years to cavitation [drying out] and wa - University of Maine-Orono, but predictions of his team of over 1970s, explains that success did - ica.” He adds, “There are people become as dominant in Europe ter the plant.” He admits, “That worked his way through college 35 PhDs and 200 engineers that n’t happen overnight. in the industry, especially finan - as we are in the United States.” is one of the most exotic things and earned a B.S.E.E. degree, makes the difference. At his As he explains, Mistras cial people, who prefer prod - JOBS, NOT BONDS that I have ever done.” driven by a love of mathematics Princeton, New Jersey head - Group really took off as a busi - ucts. There are people who pre - FOR GREECE He also recalls how, while and sciences – as well as a pas - quarters, Founder, President and ness just before 2000, when he fer services. It was ideal in our The proponent of the Greek working at Bell Laboratories, he sion for creating, building and CEO Vahaviolos explains the had a big revelation. “The turn - business that we provide the language and Greek education figured out a way to repel mos - the environment. His parents ar - company’s edge, using the ex - ing point for me was when I re - customer with products but then in the U.S. is pained to say that quitoes by generating a buzzing rived in the U.S. in 1969 and the ample of Mistras’ nuclear power alized that the venture capital - show them how to do it.” in the current climate, vis a vis sound, but dropped the idea. family settled in Boston. He then plant work. “Our job is how can ists...knew nothing more than “I’m a typical engineer, I Greece’s debt problems, saying When, a decade later, his wife worked at local utility New Eng - we extend the life of an aging just giving me money. I was the don’t believe in luck. You make you are Greek doesn’t impress came home with an anti-mos - land Electrical Systems (NEES), infrastructure. In order to do company.” your own luck,” explains Dr. Va - Wall Street investors. “It’s really quito device based on the same earning an M.B.A. and M.S.E.E. that you need to do a lot of in - Dr. Vahaviolos continues: haviolos. A good business plan, the low point for Greek Ameri - science, he learned a key lesson from Northeastern University spection and what we call pre - “Once I became a devout pro - hard work, the support of fam - cans,” says Dr. Vahaviolos. Mis - for entrepreneurial scientists: “If along the way. Then, Mr. Sakel - dictive maintenance.” He says ponent of my business plan, and ily, a good education, a can-do tras’ CEO is disappointed that you have a good concept, you laris explains: “In 1979, while “Mistras shines” in its scientific the fact that I am the company attitude and a good team all are in Greece, professors often have to implement it and not working for New England Elec - team’s predictive abilities. The and not the financial people is key.” He adds that creating a wasted European Union funds depend on anybody else. So the tric, they wanted to establish a company has 2,500 employees when I turned everything team of “people that support on flashy automobiles, while in second time around, when my company to promote energy ef - worldwide, with locations in around.” each other” was also vital. the U.S. government funds built opportunity came to...start with ficiency and thereby avoid the countries like Japan, Sweden, Putting an emphasis on ser - Tapping into professional industries. acoustical emissions, I had no need to build new generation Germany and Brazil. vices also made a difference. groups also is important, he un - Because no one has been doubts about, I just moved on.” plants. I took on that initiative BUSINESS “We really saw that in America derlines. “I’ve always been in - held accountable for their Mistras’ success says the rest. and the rest is history.” The sub - BREAKTHROUGHS in the late 90s people started volved with associations,” says wrongdoing in Greece, Dr. Va - sidiary he launched, NEES En - Today Mistras Group, named buying services as needed. Re - the former president of both the haviolos scoffs at the idea of View the video interview at after Dr. Vahaviolos’ majestic fineries had fewer engineers. American Society of Nondestruc - Greek Americans buying bonds www.thenationalherald.com/vid Continued on page 8 Peloponnesian hometown in Nuclear power plants had peo - tive testing and its international to finance Greece’s debt. “How eo/1815 8 50 WEALTHIEST GREEKS IN AMERICA THE NATIONAL HERALD, FEBRUARY 19, 2011 The 50 Wealthiest Greeks in America List

Continued from page 7 son for $60 million in 1981. He there, Merck developed the cho - Democratic candidates. Locally, search services to both buyers then started Redgate, which he lesterol-lowering statins, meva - in 2006, he publicly supported and sellers. ergy, eventually was spun off sold to AOL in 1993, commenc - cor and zocor. the Republican incumbent, Bob Together with his partner, and became energy conservation ing his relationship with once- Dr. Vagelos is sometimes Ehrlich, for governor of Mary - William A. Millichap, Mr. Marcus company NORESCO. In 1997, pervasive AOL, completing his called the father of pharmaco- land and criticizing Democratic launched a new business model the company was taken over by tenure as the audience group’s philanthropy for freely providing candidate (now Governor) Mar - nearly 4 decades years ago, Equitable Resources (EQT), a president and vice chairman be - the drug mectizan to cure mil - tin J. O’Malley. Mr. Angelos has based on matching each prop - Fortune 500 company. Mr. Sakel - fore stepping down in 2006. lions of Africans of river blind - been active in charitable pro - erty with the largest pool of pre- laris continued as president of In 2009, Mr. Leonsis joined ness. His charity work at the grams in the city and state. He qualified investors. In 2010, NORESCO and became senior the board of language-learning University of Pennsylvania in - is married, and has two sons. He Marcus & Millichap closed $13.6 vice president of Equitable Re - software company Rosetta cludes sponsoring five scholar - has given $10 million to his alma billion in investment transac - sources. Stone. Once the mayor of Or - ship/study programs as well as mater; in return the new law tions for private and institutional He is a member of the Gov - chid, Florida, Mr. Leonsis sits on the $15 million Roy and Diana school building that is being con - investors. Included in these erning Board of Northeastern, the boards of Georgetown Uni - Vagelos Laboratories. He also structed will bear the name of transactions were shopping cen - which also gave him an Out - versity and several charities. supports an incentive program his parents. The now-under con - ters, office and industrial build - standing Alumni award. He is a Among his favorite charities are for students at his old high struction John and Frances An - ings, apartment properties, ho - Distinguished Member Inductee the See Forever Foundation and school in Rahway, New Jersey. gelos Law Center at the Univer - tels/motels, seniors housing, of the Frances Crowe Society at YouthAIDS. He also sponsors his The Diana Student Center, re - sity of Baltimore is due to be the University of Maine, which own philanthropic foundation, named after Mrs. Vagelos, at her completed in 2012. gave him the Edward T. Bryand the Leonsis Foundation, which alma mater, Barnard College, Distinguished Engineer Award is dedicated to creating “oppor - opened in 2010. Mr. Vagelos is . GEORGE N. in 2007. tunities for children that enable currently chairman of biotech 21 HATSOPOULOS, Mr. Sakellaris served as a them to reach their highest po - company Regeneron Pharma - PH.D founding member of the Na - tential”. Democratic Party, and as a stan - ceuticals. He is also chairman of $450 MILLION tional Association of Energy Ser - Mr. Leonsis has gotten in - dard bearer for Greek political Columbia University Medical THERMO-IONIC vice Companies (NAESCO). He volved in documentary filmmak - and cultural interests in Amer - Center’s Board of Visitors, and TECHNOLOGY is a former President of NAESCO ing through producing films in - ica. The developer and his chil - is chairing the center’s capital and still an active member. In cluding “Nanking” (2007). He dren have raised and con - campaign, which has already Dr. Hatsopoulos, 83, was 2005, he was invited to join the refers to his filmmaking endeav - tributed millions on national, met its target of $1 billion by awarded at the November 2009 Clinton Climate Initiative, ors as “filmanthropy,” which state and local campaigns and 2011. In 2010 the couple gave Boston History & Innovation launched by former President uses the medium of documen - issues over the past decade. De - $50 million for the Columbia Awards for “half a century of in - Bill Clinton. He is also a regis - tary films as a matrix for social mocratic Presidential candidates Medical School Center for a new novations in environmental tered Professional Engineer in change. Among the 19 invest - aside, a few of the major recipi - medical and graduate education quality, health and safety tech - Massachussetts. A committed ments listed on his site is Snag - ents include former Governor building. Dr. Vagelos is married nologies”. outdoorsman, he has run in five Films, a video distribution plat - Gray Davis, U.S. Senator Dianne to the former Diana Touliatos. The Greek-born scientist Boston Marathons; Mr. Sakel - form that was recently backed Feinstein and House Speaker They live in New Jersey, and wanted to change the way the laris also competes in sailing, to the tune of $10 million by Nancy Pelosi. Mr. Tsakopoulos is have four children and seven world makes electricity. He and with his Mini-Max boat Shock - Comcast and venture capital also dedicated to advancing the grandchildren. his brother John founded wave, placing second in the Key firm New Enterprise Associates careers of Greek American politi - Thermo Electron in 1956 (with manufactured home communi - West 2011 sailing regatta. He (NEA). NEA’s managing director, cians, including former Califor - . PETER G. a $50,000 loan from a Greek ties, and land. “By closing more lives in Milton, MA, with his Peter Barris, a fellow Greek nia state treasurer and once-gu - 21 ANGELOS shipowner). Thermo Electron transactions annually than any wife, Cathy, and children, American, was also a founding bernatorial candidate Phil $450 MILLION grew into an international com - other firm, its investment pro - Christina and Peter. venture capital investor in an - Angelides. Mr. Tsakopoulos and LAW, MAJOR pany recognized as a global fessionals have been able to pro - other Leonsis investment, his family have established Hel - LEAGUE BASEBALL leader in environmental moni - vide clients with an unparalleled Groupon; both sit on the board lenic Studies chairs at several toring and analysis instruments, perspective on the investment TED J. of that uber-successful 2008 major American universities Mr. Angelos, 81, is an Amer - and a major producer of paper- real estate market locally, re - 18 LEONSIS company that offers daily deals across the country, Georgetown, ican trial lawyer and the current recycling equipment, biomedical gionally and nationally,” says the $560 MILLION on local businesses. Forbes has Stanford and Columbia among chairman & CEO of Major products, alternative-energy sys - company’s website (www.mar - COMPUTERS, MARKETING, called it “the fastest growing them. League Baseball’s Baltimore Ori - tems and other products and ser - cusmillichap.com). PROFESSIONAL SPORTS company ever.” He lives in oles. He became owner of the vices related to environmental Mr. Marcus is also chairman McLean, Virginia, and Vero Orioles in August 1993, leading quality, health and safety. By of Essex Property Trust, a pub - Mr. Leonsis, 54, is vice chair - Beach, Florida with his wife . P. ROY a group of investors, including 1981, it was ranked 739th licly held, multi-family real es - man emeritus of America On - Lynn and two children. As we 20 VAGELOS, M.D. prominent Marylanders like nov - among Fortune’s 1,000 largest tate investment trust (REIT). Lo - line. Mr. Leonsis is also the went to press, he was moving $535 MILLION elist Tom Clancy, in purchasing industrial firms. By the time it cated in Palo Alto, California and founder, chairman and majority into the historic Marwood Estate PHARMACEUTICALS, the team for $173 million, a traded on the New York Stock owner of Monumental Sports mansion in Potomac, Maryland. HEALTHCARE record price at the time. Exchange, Essex is a fully inte - and Entertainment, formed in According to Forbes, the Ori - grated REIT which acquires, de - June 2010, as he merged his Lin - Dr. Vagelos, 81, served as oles were worth $376 million in velops and redevelops apart - coln Holdings LLC (made up of . ANGELO K. CEO of Merck & Co., the phar - April 2010 (down from $400 ment communities in select West holdings including the National 19 TSAKOPOULOS maceuticals giant, from 1985 to million the previous year). The Coast communities. The com - Hockey League’s Washington $540 MILLION 1994. He joined the worldwide Orioles enjoyed some success pany, according to its website, Capitals, worth an estimated REAL ESTATE health products firm in 1975 as early under Mr. Angelos’ own - currently has ownership inter - $197 million, and WNBA’s senior vice president of research, ership, making the postseason ests in 140 apartment commu - Washington Mystics) and Wash - Mr. Tsakopoulos, 74, was and became president of its re - as a wild card team in 1996 and nities. Mr. Marcus is also one of ington Sports & Entertainment born to a farming family in the search division in 1976; starting winning the American League the original founders of Plaza Limited Partnership. The new village of Rizes, in Arcadia, in 1982, he served as senior vice East Division title in 1997. But Commerce Bank and Greater company was created when Greece. His father, a butcher, president of strategic planning. manager Davey Johnson re - Bay Bancorp. Mr. Marcus served Leonsis purchased the remaining struggled to feed five children. He continued to hold both posi - signed after the 1997 season, on Greater Bay’s board of direc - 56% of Washington Sports & En - He first came to the United tions until 1984, when he was and 13 straight losing seasons tors until it was sold to Wells- tertainment that he didn’t own, States in August 1951, sailing elected executive vice president. ensued. In 2005, the Mid-At - Fargo in 2007 for $1.5 billion. giving him full ownership over past the Statue of Liberty on his Before assuming broader re - lantic Sports Network, co-owned He came to San Francisco the National Basketball Associa - 15th birthday. As a college stu - sponsibilities of business leader - by the Orioles and the Washing - from Greece at the age of four. tion’s Washington Wizards, the dent at Sacramento State Uni - ship, Dr. Vagelos had won sci - ton Nationals, took off. It has 6 He completed his undergraduate Verizon Center and the Balti - versity, he waited tables at night entific recognition as an million subscribers. studies in Economics at San more-Washington Ticketmaster in the Tony Del Prado restaurant authority on lipids and enzymes, Mr. Angelos was born in Pitts - Francisco State University in just franchise. After surviving an air - and sold real estate on week - and as a research manager. This burgh on July 4, 1929. He came two and a half years, and plane crash landing in 1983, he ends. He would eventually leave followed a decision early in his to Baltimore at 11 years of age. founded the university’s first drafted a list of 101 things to do Sac State a few credits shy of career to put his principal ener - He is a graduate of Eastern Col - economics club. He also served in life, and has completed many graduation to work full time. At gies into research, rather than lege and the University of Balti - merged with Fisher Scientific in as a member of the Board of of the tasks, to include owning 21 years of age, he had already the practice of medicine. Dr. more School of Law, where he November 2006, Thermo Elec - Trustees of the California State a sports franchise. (They are on - stockpiled experiences likely un - Vagelos, whose parents were was class valedictorian, and tron was seeing annual revenues University System in 1981-89, line on his site: fathomable to many of his fellow born in Asia Minor and immi - went onto a lucrative career in of over $2 billion, and employed and has helped select several www.tedstake.com.) undergraduates: war, depriva - grated to the US in the 1920s, trial law, specializing in cases in - 11,000 people in 30 countries. SFSU presidents. He was named Few people have roots as tion, emigration and stints as earned his bachelor’s degree volving harmful products, pro - Dr. Hatsopoulous’ work led to SFSU Alumnus of the year in deep in the computer industry, both a shoeshine boy in Chicago with honors in 1950 from the fessional malpractice, and per - rapid advances in thermo-ionic 1989 and one of its 11 Distin - or as much knowledge and ex - and a farmhand in Lodi. And he University of Pennsylvania. He sonal injury. power conversion. He retired in guished Centennial Alumni in perience of its history and po - had begun laying the ground - received his M.D. from Columbia His firm, the Law Offices of 1999, but remains chairman 1999. He and his wife Judy tential. A pioneer of the Internet work for his future, arguably be - University in 1954. After an in - emeritus of Thermo Fischer Sci - helped create SFSU’s Interna - coming the most significant ternship and residency at Mass - entific (NYSE:TMO), which to - tional Center for the Arts with a force to shape Sacramento since achusetts General Hospital in day is worth $23 billion. $3 million gift. Mr. Marcus also John Sutter. He boxed in college. Boston (1954-56), he joined the His training began in Greece helped develop SFSU’s Greek His former boxing teammates National Institutes of Health in at the National Polytechnic In - Studies program, and chairs its say the elements of his larger- Bethesda, Maryland. At NIH stitute in Athens. He received his Modern Greek Studies Founda - than-life persona were present (1956-66), he served in the Na - bachelor’s (1949), master’s tion, which supports the Nikos even in the days when he was tional Heart Institute, holding (1950) and doctorate (1956), at Kazantzakis Chair for Modern studying business, philosophy positions in cellular physiology MIT, all in Mechanical Engineer - Greek Studies. and history under the American - and biochemistry – first as Se - ing. Dr. Hatsopoulos has testified He is also a graduate of the ized surname of Chicos, a name nior Surgeon, and then as head at numerous congressional hear - Harvard Business School’s Own - he later dropped to reclaim his of section of Comparative Bio - ings on national energy policy ers/Presidents Management Pro - family name. chemistry. In 1966, Dr. Vagelos and capital formation, and has gram and the Georgetown Uni - Mr. Tsakopoulos has since joined the Washington Univer - served on many national com - versity Leadership Program. climbed to prominence through sity in St. Louis School of Medi - mittees on energy conservation, Among Mr. Marcus’ professional uncommon business acumen cine as chairman of its Biological environmental protection and memberships are the Board of and sheer tenacity. He turns on Chemistry Department. international exchange. He is Regents of the University of Cal - the charm with politicians, plays The author of several books also noted for his and Joseph ifornia, the Real Estate Round - hardball with environmental and more than 100 scientific pa - Keenan’s famous textbook, table and the Policy Advisory regulators, and promotes big pers, he was elected to the “Principles of General Thermo - Board of the University of Cali - ideas for the region. In recent American Academy of Arts & dynamics.” fornia in Berkeley’s Center for years, he’s offered to donate Sciences and the National Acad - Peter G. Angelos, has attorneys In 1996, Dr. Hatsopoulos Real Estate & Urban Economics. farmland he controls in Placer emy of Sciences in 1972, and to and locations in Maryland, won the John Fritz Medal, the County for a private university, the American Philosophical So - Delaware and Pennsylvania. Mr. highest American award in the . JOHN G. and to help fund its construction ciety in 1993. After retiring from Angelos began working as a engineering profession. In 2007, 24 RANGOS SR. and new media, Mr. Leonsis par - by developing adjacent acreage. Merck, Dr. Vagelos was chair - criminal defense lawyer follow - he was one of the nine promi - $425 MILLION ticipated in launches of the Ap - He has proposed that the region man of the University of Penn - ing graduation. For most of his nent Greek Americans who were ENVIRONMENTAL ple MacIntosh, the IBM PC and open thousands of acres of sylvania’s Board of Trustees from legal career, he was a successful selected by President Carolos Pa - MANAGEMENT the Wang office automation. He ranchland he controls along the 1994 to 1999, having served as attorney representing Baltimore poulias to be honored with the has led four businesses that have Sacramento-El Dorado County a trustee since 1988. He was labor unions and their members Hellenic Republic’s prestigious Mr. Rangos, 81, made his for - grown at record rates: He built line for development, using also president & CEO of the through his own private prac - Commander of the Order of tune through the transportation, Wang WP (the first word proces - some of those proceeds to fund American School of Classical tice, which he founded in 1961. Honor award. Dr. Hatsopoulos disposal and management of in - sor) from a $200 million to a $1 a new arena for the NBA’s Sacra - Studies in Athens from 1999 to Beginning in the 1980’s, he re - is now chairman of American dustrial wastes, as well as secu - billion company with the largest mento Kings. He also grows 2001, and served on the Na - fashioned his firm’s focus from DG Energy Inc., the leading on- rity services. Among other com - female management team in the wine grapes in Borden Ranch tional Research Council Commit - criminal law to civil class action site utility he formed with his panies, he founded Chambers country. He was founder & CEO and walnuts at an orchard out - tee on Science & Technology for suits. His law firm and wealth brother in 2001 offering electric - Development Inc., a firm which of Redgate Communications side Wheatland. Countering Terrorism in 2002. expanded exponentially in 1982, ity, heat, hot water and cooling provided waste treatment ser - Corporation, considered the first In late 2010, the family pur - Much of his wealth came from when he represented 8,500 to commercial, institutional and vices; developed commercial re - new-media marketing company. chased Conaway Ranch, a stock options at Merck, which plaintiffs – the largest number industrial customers. The com - cycling programs; and broke He built AOL into the first $1 17,244 property of farming and was very profitable under his of plaintiffs ever - in asbestos lit - pany specializes in green energy ground with specially lined, lay - billion interactive services com - ranching land as well as wet - leadership. During his tenure igation and won. He reportedly and carbon reducing solutions. ered landfills to protect ground - pany and the world’s biggest me - lands and water resources west made over $100 million on this water supplies. dia company, helping to increase of Sacramento. The Sacramento one case. Mr. Angelos was also . GEORGE M. Mr. Rangos began his career its membership from fewer than Bee reported the family already enormously successful in suing 21 MARCUS with Rockwell Manufacturing 800,000 to more than 8 million held 18,000 acres of farmland Wyeth, the makers of the diet $450 MILLION Company in Pittsburgh, where in a four-year span (1994-97). and vineyards and 40,000 acres pill fen-phen, and representing REAL ESTATE he earned the distinction of be - He has also boosted the Capitals’ of cattle grazing land in North - the state of Maryland as lead at - coming the youngest general attendance and revenues. ern California. torney in a lawsuit against to - Mr. Marcus, 68, is founder agent in company history. He Mr. Leonsis was born to a Mr. Tsakopoulos’ older bacco company Philip Morris. and chairman of Marcus & Mil - formed several companies in the family of modest means in brother George, who passed The agreement had stipulated lichap Real Estate Investment 1960’s, and pioneered techno - Brooklyn, and spent his early away in 2009, followed him to that he would receive 25% of Services, one of the country’s logical advances in the trans - years there. His family moved Sacramento, and also went into the recovery, but when it was premier providers of investment portation and disposal of indus - back to his mother’s hometown real estate. George’s family con - $4.5 billion, Maryland refused real estate brokerage services, trial waste. of Lowell, Massachusetts. He trols thousands of acres in the to pay; Angelos’ team settled for and the parent company of a di - Mr. Rangos founded Cham - graduated from Lowell High region. Angelo is founder of AKT $150 million. It was after that versified group of real estate, bers Development in 1971. School in 1973 and attended Development Corporation, now he became a major player in the service, investment and devel - Chambers went public and even - Georgetown University. After headed by his son, Kyriakos, Baltimore community. opment firms. It has established tually merged with USA Waste, graduating in 1977, he moved which controls about 40,000 A lifelong Democrat, he won itself as a leading real estate firm the second largest waste man - back to his parents’ home in acres of land in the region and election to the Baltimore City with more than 1,200 brokers in agement company in the nation. Lowell and began working for neighboring San Joaquin Council, and served on the markets throughout the United USA Waste Services later merged Wang Laboratories. In 1980, Mr. County. Council from 1959 to 1963. He States. With more than 75 of - with Waste Management Inc., Leonsis started his own com - He has also carved out a ran for mayor as an independent fices nationwide, the firm fo - the number-1 trash hauler in the pany, which grew quickly, and niche for himself as a major in 1964, but lost. He has been cuses on investment brokerage, sold it to International Thomp - player in and fundraiser for the an active supporter of national and provides financing and re - Continued on page 9 THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 9 Pappas Bros Revive Luby’s, Fuddruckers Restaurant Chains

By Angelike Contis he and his brother (Luby’s Chief could turn things around at that the grade, but the first Luby’s and $4.99 All You Can Eat TNH Staff Writer Operating Officer) grew up with chain of cafeterias perhaps best What’s Brewing coffee house weekend breakfasts. Fuddruckers. The restaurant known for its Lu Ann Platter, opened in Houston in 2010. In Ways to improve and inno - There were up to pound- chain was founded by Philip J. consisting of a half portion en - July the Dallas News reported vate the menu are of course im - sized burgers on its menu, but Romano in 1980 in San Anto - tree with vegetables. Chris Pap - that the company has already portant too. Fuddruckers added burger chain Fuddruckers’ situ - nio, Texas. The chain was pas says of the cafeteria chain paid $120 million in debt; but to its exotic burger options, the ation was far from prime in known for its open kitchen, launched in 1947: “The brand it also noted that much of the likes of ostrich meat and wild April 2010 when its owners filed where patrons could view fresh had kind of lost a lot of the qual - combined company’s wealth is boar and Fudd’s Favorites a new for bankruptcy. That’s when a beef ground daily, its rock’n roll ities it had early on. That’s what now in its real estate holdings line of bacon and cheese burg - couple of Houston restaurant decor and self-service burgers, drew us to it. We felt it was a nation-wide. While the brand ers. Luby’s CEO says: “Right men – Chris and Harris Pappas where customers added their place with good healthy food in continues to slash the com - now we are looking at new - stepped in to rescue the na - own toppings. The brand spread the marketplace. And it had pany’s past debts, there is a con - products to bring in and how tionwide chain boasting The throughout the U.S. and beyond been around for 40 plus years sensus that the food quality has we can increase the appetite for World’s Greatest Hamburger. To – with even franchises in the and there is no reason why if a improved. Stocks in Luby’s your brand, by bringing new be more precise, Luby’s, the Middle East. Yet somehow along climbed with Fuddruckers’ pur - foods, new ways to serve things Texan cafeteria chain that they the way, though, Mr. Pappas ex - chase. to your market.” lead, respectively, purchased plains, Fuddruckers lost its way. Chris Pappas: “I always PRUDENCE, FOCUS NEEDED Part of the success of a chain, Fuddruckers. He says, “It expanded and then said, ‘All of our These challenges require par - of course, involves cooperation country. The Pappas brothers had al - it ran into financial difficulties.” ticularly good decision-making, with franchisees, including reg - Mr. Rangos’ many innovative ready made a name and a profit The Pappas family’s own restaurants are kind of because they are taking place in ular meetings to exchange ideas achievements include converting for themselves for decades as eateries, from Pappasito's Can - Greek, cause Greeks are the context of a recession. and plans. Today, CEO Pappas power plant boiler ash into a owners of the Pappas family of tina to Pappadeaux Seafood Luby’s CEO Pappas notes that in says, it’s vital to make the most useful component of cinder restaurants, which includes over Kitchen and Yia Yia Mary’s running it.’” difficult times, you have to be of new methods of communicat - blocks and anti-skid material for 90 restaurants of seven different Greek food restaurant - are of a more focused than ever. He ing with customers too, be it highways. He also played an in - kinds. In 2000 they became in - non-fast food variety. But the little tender loving care was ap - says: “This economy has put a Twitter, Facebook or constantly- strumental role in inventing volved as major stockholders brothers still appreciated the plied to the Luby’s brand that it lot of pressure on every restau - updated Internet pages. “If you techniques for recycling bitumi - and corporate leaders at Luby’s. value of the Fuddruckers brand. could be around for many more rant chain out there, so you sit still, you are going to get nous byproducts and disposing In July, Luby’s Inc., which is They said despite leadership years.” He emphasizes the large have to be smarter today than passed up. You have to keep in - sewage and sludge. He devel - listed on the NYSE, purchased and debt problems, people still number of veggies available at when the economy is just boom - novating,” says Mr. Pappas. This oped methods for liquid indus - Fuddruckers for over $63 mil - liked the chain. Chris Pappas Luby’s. The chain also has a ing along and the economy is philosophy extends beyond just trial waste disposal, and created lion. The sale included 56 cor - says: “We felt that with the right catering arm that services med - doing well. We have to be more technology. a resource recovery system porate-owned Fuddruckers. leadership in place the brand ical and educational facilities. prudent and more focused today Chris Pappas underlines that which converts waste-generated There are another 130 fran - could continue to expand as a The Luby’s challenge has in - than you did when everything there’s no way the three differ - methane into energy. chised Fuddruckers throughout competitive brand in the mar - volved trying to make opera - is working fine.” Luby’s, he says, ent types of restaurants (Luby’s, Together with his sons, Alex the U.S. Three Koo Koo Roo ketplace.” tions more efficient, improving plans to “strategically grow both Fuddruckers and his own Pap - and John Jr., Mr. Rangos advo - chicken bistros were included in LUBY’S: A TEXAN food quality, closing branches brands over the next several pas restaurants) will take away cated standards for regional san - the sale. PHENOMENON that are not performing and de - years.” customers from each other, not - itation sites which resolved Chris Pappas, today CEO, He strikes a similar tone veloping a still-to-spread Luby’s Limited time offers are im - ing, “They are different cate - many environmental concerns, President and Director of the re - when discussing Luby’s. A restaurant design prototype. portant, he says, in such times. gories of eating experiences.” and the Rangos family spear - named Luby’s Fuddruckers decade ago, they were con - Last year, Luby’s closed 24 Recent deals at Fuddruckers in - He adds they have, in many ar - headed many advances in sound Restaurants LLC, explains that vinced the right leadership restaurants that weren’t making cluded 99 cent children’s meals eas, shared the same turf for environmental policy. They ini - perhaps 40 years. After all, he tiated present-day environmen - says: “Nobody eats the same tal protection standards decades thing every day. They like the ago, to include the design and variety of going to different strict enforcement of federal places. I see eating out as en - laws forbidding corrupt practices tertainment. You just don’t want like the transportation of illegal to see the same movie every waste. Across the Eastern day.” Seaboard and into the Midwest, There will inevitably be a they built the largest, most so - Greek touch at the two new phisticated land disposal facili - combined chains, he says, ex - ties in the industry – including plaining: “Before we opened our double-composite-lined HDPE one Greek resetaurant (Yia Yia (high-density polyethylene) fa - Mary’s), people just asked me, cilities to protect ground water ‘When are you going to open a – long before any other company Greek restaurant?’ - after we had ever embarked on trying to opened many other type of do the same. restaurants. I always said, ‘All In October 1991, Chambers of our restaurants are kind of Development owned and oper - Greek, cause Greeks are running ated a number of regional land - it.’” fills. Chambers had a reported The success of the combined market value of $1.7 billion, and Luby’s and Fuddruckers chains Mr. Rangos was listed among the will be a test of how good old Forbes 400 for the third consec - fashioned Greek American utive year. Chambers merged restaurant smarts can be applied with USA Waste in 1995, and on a big scale. In July, Luby’s Inc. purchased Fuddruckers for over $63 million. another 130 franchised Fuddruckers throughout the U.S. Three Continued on page 10 The sale included 56 corporate-owned Fuddruckers. There are Koo Koo Roo chicken bistros were included in the sale. [email protected]

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Continued from page 9 to Comcast in 1991. Mr. Kalogris cryption, and launching VeriSign therapy companies Aveo and than 200 staff members working had no equity in Metrophone, so as a spin-off in 1995 to develop Portola. He and his wife, Alice, on R&D, and 350 professionals Mr. Rangos served as vice chair - he left to build Horizon to oper - the digital certificate infrastruc - have two sons. Dr. Galakatos is supporting more than 1,000 EAI man of USA Waste, during ate mostly in suburban Pennsyl - ture for Internet commerce. on Anatolia College’s board of installations worldwide. “I in - which time Waste Management vania and Washington, D.C. Five VeriSign operates infrastructure trustees. vented something new, and with was also acquired. He was on - years later, Horizon was sold in services which enable and pro - that there was a certain amount board for that merger in 1998. a series of deals for the $575 mil - tect billions of interactions every of self doubt at first, but confi - It was a tremendous success lion, but Mr. Kalogris and his fel - day across the world’s voice, . PETER dence is something that is key to story, and in the span of seven low managers got to share just video and data networks. 29 KARMANOS JR. an entrepreneur’s success. We years, Mr. Rangos and his sons $10 million of that among them. The Mountainview, Califor - $340 MILLION are all born with a variety of skill, were the driving and guiding This only made him determined nia-based VeriSign (now moved COMPUTER SOFTWARE luck and other attributes. The force of an immensely successful to get more of the action, so he to Dulles, Virginia) offered a va - PROFESSIONAL HOCKEY real potential is in our own transition from one smaller com - found backers in J.P. Morgan, riety of Internet and communi - minds,” he told the Webb School pany to the largest company in Chase Capital Partners and Desai cations-related services in its Mr. Karmanos, 67, is the back in August 2007. The Webb their industry. Capital Management to give him global affiliate network. VeriSign owner of the National Hockey School now has a James T. Their commitment to sound 10 percent of Triton as compen - managed two of the world’s 13 League’s Carolina Hurricanes Demetriades ’80 Endowed Prize environmental practices and re - sation for running the deal. The Internet root servers, a.root- and CEO of Compuware Corpo - for Unbounded Teaching. Mr. gional economic development money flowed in: Even before servers.net and j.root-servers.net, ration, a Detroit-based software Demetriades has devoted the last was unquestionable. Carol the bonds were placed, Mr. Kalo - considered national IT assets by company with products aimed at few years to raising (and home- Browner – director of the White gris got a $425 million bank re - the U.S. Federal government. the information technology de - schooling) his six children, with House Office of Energy & Cli - volver loan and $140 million in Since 2007, the company has partments of large businesses. his wife Nancy. Recently, he has mate Change Policy under Pres - equity commitments. That and been focusing on its core busi - Compuware’s services also in - invested in a hotel, bar and two ident Obama, and administrator junk bond proceeds built his sys - ness and whittling away less clude testing, development and restaurants on six acres in Mam - of the Environmental Protection tem, and he has since never profitable side efforts. In 2009 it management software for pro - major banks – e.g., Bank of moth Lakes, California. An avid Agency under President Clinton looked back. sold its security service business grams running on mainframe America and Citigroup – are yachtsman, he has won both Cal - – approved a huge landfill in Mr. Kalogris has consistently to SecureWorks and its security computer and client-server sys - barely managing to stay afloat, ifornia’s Big Boat Series and Long Okeechobee, Florida and signed distinguished himself as a leader consulting business to AT&T. tems. Compuware customers in - the $2 trillion-in-assets bank is Beach Race week. He is on the off on Chambers’ permit to de - in the highly competitive wire - Verisign focuses now on its in - clude 46 of the top 50 Fortune thriving, earning Mr. Dimon board of the Children’s Lifeline velop and operate the facility be - less industry, and is a former ternet infrastructure services. 500 companies, with 12 of the praise from President Obama charity. fore she joined the Clinton Ad - board member as well as former Among the company’s services top 20 U.S. most-visited sites. and the respect of his peers. He ministration in January 1993. chairman of the Cellular are providing .com, .net, .cc, .tv, Compuware develops, markets has been on Time magazine’s list That site has a 100-year capacity Telecommunications & Internet .name and .jobs domain names and supports systems software of 100 most influential people ANGELIKI and receives 7,000 tons of waste Association (CTIA). for websites. Mr. Bidzos served products designed to improve three times since 2006. 32 FRANGOU daily. as VeriSign’s first president and the performance of information Mr. Dimon was born in New $310 MILLION Such monumental, environ - CEO. He also served as chairman technology organizations. The York. His grandfather, a Greek SHIPPING mentally-friendly disposal sites KOSTA & TOM of its board of directors from company also provides profes - immigrant from Smyrna, was a are also an economic boon to 26 KARTSOTIS April 1995 until December 2001, sional services, which include broker and passed his knowledge Angeliki Frangou, 45, is the the areas in which they function. $400 MILLION and as vice chairman from De - business systems analysis, de - of the business onto his son and Chairman of the Board and Chief Okeechobee County receives WATCHES cember 2001 to July 2007. He sign, communication, program - partner Theodore, Mr. Dimon’s Executive Officer of Navios Mar - millions of dollars in royalties LEATHER ACCESSORIES served as president and CEO of ming and implementation, as father. As a boy, Mr. Dimon at - itime Holdings, a leading mar - from its landfill each year, and RSA Security from 1988 to Feb - well as software conversion and tended the Browning School, a itime company with a fleet of is just one of many to reap such Kosta Kartsotis, 58, is director ruary 1999, and then served as systems planning and consulting. prestigious all-boys prep school more than 60 dry bulk vessels rewards. Sanitation site rev - & CEO of Fossil Inc., and Tom RSA’s vice chairman from 1999 The company’s stock has been on the Upper East Side. He later and an additional 20-30 vessels enues help local governments Kartsotis, 51, served his last term to May 2002. He has been climbing in recent years, up from majored in Psychology and Eco - for short- or medium-term em - expand their capitalization to as chairman of the board last named one of TIME magazine’s $5.50 in March 2009 to just un - nomics at Tufts University, and ployment. It’s a position she’s build schools and roads, as well year. One of the hottest stocks at “Digital 50,” and is in CRN’s der $11 last month. The com - earned his MBA from Harvard held since 2005. The NYSE-listed as improve police and firefight - the moment, Fossil is based in “Computer Industry Hall of pany’s capitalization increased University Business School. Upon company’s market capitalization ing services, thereby easing the Richardson, Texas. It sells prod - Fame.” from $1.82 billion to $2.3 billion. graduating in 1982, Sanford is currently about $491.95 mil - burden of property taxes, which ucts in 100 countries around the Born into a Greek immigrant Weill convinced him to turn lion; its enterprise value is $2.59 typically pay for such projects world. In 2010 stock prices more family, Mr. Karmanos’ father down offers from Goldman billion. The company maintains and services. than doubled for the company, owned a diner, where he ran the Sachs and Morgan Stanley, and offices in New York, as well as Mr. Rangos’ business interests with a 40% increase in global cash register as a young boy. Mr. join him as an assistant at Amer - Greece, Uruguay and Belgium. were not restricted to waste sales. Kosta Kartsotis holds a 9.4 Karmanos did not actually start ican Express. Through a series of Ms. Frangou is also the Chair - management, however. He also % share in the company. speaking English until he was in unprecedented mergers and ac - man and Chief Executive Officer founded U.S. Utilities in the mid- Founded by Tom Kartsotis in grade school. He graduated from quisitions which ensued, they of Navios Maritime Partners, L.P. 1960’s. USU, the precursor to 1984, Fossil is a designer and Wayne State University and formed Citigroup, then the (NYSE: NMM) and Navios Mar - Chambers Development, was manufacturer of clothing and ac - founded Compuware in 1973 largest financial services con - itime Acquisition Corporation part of a conglomerate Mr. Ran - cessories, primarily watches and with two partners, Thomas glomerate in the world. Mr. Weill (NYSE: NNA). gos had formed which eventu - jewelry, but also sunglasses and Thewes and Allen Cutting. He was the one who made the deals, Ms. Frangou’s father, Capt. ally became part of Chambers. wallets. Its brands include Fossil, has announced that he’d retire but Mr. Dimon was the “whiz Nikolaos Frangos, has been run - USU subcontracted with Stone Relic, Abacus, Michele Watch from Compuware in 2013. kid” who made the numbers ning one of the major Greek & Webster (now part of the and Zodiac. Fossil watches are Mr. Karmanos also co- work. Mr. Dimon left Citigroup shipping companies, Good Faith, Shaw Group), a major engineer - common in middle-income retail founded the Detroit Compuware in November 1998 due to an in - for more than 40 years. ing services firm which was then stores, as well as at most depart - Hockey organization in the late ternal conflict with Mr. Weill. By the end of the ‘90s, Mr. the world’s largest nuclear ment stores. Fossil also branched 1970’s. The organization in - He serves on the boards of di - Frangos’ company was the power developer, to help build into the sale of leather goods and cludes all levels of hockey from rectors of the Federal Reserve largest company in terms of atomic energy plants. other accessories in the 1990’s. recreational to AAA & Junior A Bank of New York, the Clearing Together with his partner Ian Fossil’s desire to establish a Swiss leagues. The Ontario Hockey House, the United Negro College McLennan, a respected FBI presence led to the purchase of League awarded an expansion Fund and Harvard Business agent, Mr. Rangos cofounded Zodiac Watch in 2001 to offer a franchise in December 1989 School. He serves on the execu - Security Bureau Inc., one of the higher-end brand. The 2004 pur - known as the Detroit Com - tive committee of the Business most prominent security compa - chase of Michele Watch com - puware Ambassadors. The team Council, Business Roundtable nies in the country, in the mid- pleted the cycle by offering a NICHOLAS later became the Detroit Junior and the Partnership for New York 1970’s. SBI guarded everything high-end Swiss watch with de - 27 GALAKATOS, Red Wings, and is now called the City, and is a member of the Fi - from banks to shopping centers signer flair. Fossil has also been PH.D Plymouth Whalers. Mr. Kar - nancial Services Forum, Finan - to industrial and atomic energy very successful with its own $350 MILLION manos also purchased the NHL’s cial Services Roundtable and plants. It started out as a small brands, and this success has led BIOMEDICAL TECHNOLOGY Hartford Whalers for $48 million Council on Foreign Relations.He business, and grew into a com - to companies coming to Fossil to in 1994. The team was moved is married to Judith Kent, with pany with a license in every state create licensed watch lines. The Dr. Galakatos, 53, joined to North Carolina and renamed whom he has three daughters. in the Union, having earned the watch lines Fossil designs, man - Forbes “Midas List” in 2009, the Carolina Hurricanes after the U.S. Government’s highest rating ufactures and distributes include ranked 24th out of 100 corporate 1996-97 season. Mr. Karmanos and eventually selling for more Burberry, DKNY, Emporio Ar - executives. He has been Manag - received the Lester Patrick Tro - JAMES T. than $40 million. mani, Columbia Sportswear, ing Director of Clarus Ventures phy for outstanding service to 31 DEMETRIADES Diesel, Michael Kors, Marc Ja - since the Cambridge, Massachu - hockey after the 1997-98 season. $315 MILLION cobs and Adidas. Fossil also pro - setts-based firm’s inception in The team went onto win the COMPUTER SOFTWARE MICHAEL E. duces collectibles, some of which 2005. Clarus Ventures is a life Stanley Cup in 2006, and is 24 KALOGRIS are based on popular films or sciences venture capital firm worth a reported $162 million Mr. Demetriades, 48, is the $400 MILLION pop culture characters. Previous founded by a team of “accom - today, but Karmanos is looking founder of SeeBeyond Technol - TELECOMMUNICATIONS designs have included Super - plished investment professionals to sell half the team. ogy Corporation (formerly Soft - man, Batman, Pirates of the with extensive and complemen - ware Technologies Corporation), Mr. Kalogris, 60, was chair - Caribbean, Star Wars, and tary industry backgrounds which a software company which was Greek-owned vessels. While re - man & CEO of SunCom Wireless, Chronicles of Narnia. Vintage re- have enabled them to establish sold to Sun Microsystems for ceiving the Aristeon Award from a wireless carrier which had op - issue handbags and build-your- a long history of success in cre - $387 million in June 2005. Mr. the Hellenic American Women’s erated in the Southeastern own watches are among their ating value,” according to its Demetriades was raised in a fam - Council in November 2009, Ms. United States since 1999, and in products. website ily of scientists, and wrote his Frangou said of her father, “He parts of the Caribbean since (www.clarusventures.com), first software program at the age taught me that ingenuity and 2004. Founded in January 1999 D. JAMES which also reports $1.2 billion of 9. A child prodigy, he began healthy skepticism of conven - as Triton PCS Holdings, Triton 27 BIDZOS of assets under its management his scientific career at the Cali - tional wisdom are the building changed its name to SunCom in $350 MILLION “across two life sciences dedi - fornia Institute of Technology blocks of success.” 2005. Based in Berwyn, Pennsyl - COMPUTER TECHNOLOGY cated funds.” when he was just 11 years old, Prior to taking on her current vania, SunCom went through Dr. Galakatos has over two and is a 1980 graduate of the role, Ms. Frangou received a several deals with other major Mr. Bidzos, 55, is founder of decades of industry and invest - Webb School. He is one of the bachelor's degree in mechanical cellular carriers. Before it was fi - VeriSign, which is the SSL Cer - ment experience in the health - pioneers in EAI (enterprise ap - engineering from Fairleigh Dick - nally acquired by T-Mobile for tificate provider of choice for care sector. From 1997 to 2000, plication integration) technology. inson University (summa cum $1.6 billion in cash and $800 over 95% of the Fortune 500 and he was vice president of New Mr. Demetriades was inter - laude) and a master's degree in million in assumed debt in Feb - 96 of the world’s 100 largest Business at Millennium Pharma - ested in computers from an early mechanical engineering from Co - ruary 2008, SunCom provided banks. The company secures bil - ceuticals, a leading biopharma - age. His father was a scientist at lumbia University. From 1987 to digital wireless communications lions of online transactions every ceuticals company purchased by Caltech, providing him access to 1989, she was an analyst on the services to more than 1.1 million day and has 2,650 employers the Takeda Oncology Company a computer while most of his trading floor of Republic Na - subscribers. Mr. Kalogris has a worldwide. In 2010, the com - for $8.8 billion in May 2008, and peers were still churning out tional Bank of New York. long history in the “buy it, build pany’s authentication services a member of its management term papers on electric typewrit - From 1990 until October it, sell it” business. In November were purchased by Symantec for team. During that time Dr. Mr. Karmanos is remarried ers. When his dad went into busi - 2001, Ms. Frangou was the chief 1999, he reached an agreement $1.28 billion. Bidzos still chairs Galakatos co-founded Millen - and resides in Michigan with his ness designing portable rocket executive officer of Franser Ship - with Rural Cellular Corporation, its VeriSign Inc. operations. nium Predictive Medicine and third wife, Danialle, and their engines, Mr. Demetriades also ping S.A., a company in Piraeus, which purchased portions of Tri - Born in Greece, he came to TransForm Pharmaceuticals, twin sons Socrates and Leonidas. absorbed the day-to-day func - Greece. In 2004, she served as ton’s assets for $1.24 billion in the United States as a boy. His where he was chairman. Prior to He has three sons from his first tions of an entrepreneur, includ - Chairman, Chief Executive Offi - early 2000 (Verizon eventually father worked as a barber, and his stint at Millennium, he was marriage, Peter III, Nick and Ja - ing mundane tasks like balancing cer and President of Interna - acquired Rural for $2.66 billion his mother managed a restau - an associate at Venrock Associ - son and eight grandchildren. His the budget and payroll. tional Shipping Enterprises, until in cash and assumed debt in Au - rant. A former computer pro - ates focusing on early stage first wife, Barbara Ann, died of After graduating from Loyola ISE's acquisition of and merger gust 2007). He also built out Tri - grammer, he is credited with biotechnology investments. Be - breast cancer. He has donated Marymount with a dual major in into Navios Holdings in 2005. ton’s network with Cingular foreseeing the need for online fore Venrock, he was head of millions to cancer research in her Computer Science and Econom - Ms. Frangou was also a member Wireless in 2004 before changing security in the early 1990’s. Mr. Molecular Biology Research at memory, and the Barbara Ann ics and a minor in Business Mar - of the board of directors of Em - Triton’s name to SunCom and ul - Bidzos is an Internet and security Novartis. Karmanos Cancer Institute (for - keting, Mr. Demetriades worked poriki Bank of Greece, the sec - timately selling SunCom to T- industry pioneer whose accom - Born in Athens and raised in merly the Prentis Cancer Center) for two companies designing ond largest retail bank in Greece, Mobile. plishments include building RSA Thessaloniki, where he studied is one of the country’s leading software for insurance compa - from April 2004 to July 2005. A stocky, graying zealot of the Security, an Internet identity and at Anatolia College. Dr. cancer centers, and the only ma - nies and hospitals. When he no - Ms. Frangou is the Chairman of wireless industry, he still lives access management solution Galakatos earned his doctorate jor cancer center named after a ticed that work being repeated the board of directors of IRF Eu - outside Philadelphia with his provider, into the early standard- in Organic Chemistry from MIT woman. This spring, work is ex - up to 70 percent of the time, he ropean Finance Investments Ltd., wife of many years (his high bearer for authentication and en - before post-doctoral studies at pected to begin on a new $5 mil - created a product which would listed on the AIM of the London school sweetheart), with whom Harvard Medical School. Until lion Karmanos Cancer Institute reduce the cost and time neces - Stock Exchange. She was also he has two children. Besides Mr. December 31, 2009, he was the center building in Detroit. sary to integrate applications. “I Chairman of the board of direc - Kalogris’ reputation of making lead director of Affymax, a bio - took the idea to my boss, and he tors of Proton Bank, based in money for his investors, it was a pharmaceutical company creat - said he didn’t want to focus on Athens, Greece, from June 2006 deal with AT&T in the 1990’s ing novel drugs for patients suf - JAMES that aspect of the job, so I said, until September 2008. She is which attracted investors. In ex - fering from kidney disease. After 30 DIMON ‘Do you mind if I quit and work Vice Chairman of the Mediter - change for a small equity stake, Affymax went public in 2006, Dr. $335 MILLION on this?’” In less than a decade, ranean Committee of the China AT&T gave Triton licenses cov - Galakatos raised $660 million for CORPORATE Demetriades found himself at the Classification Society and is a ering 11 million people in areas the company in 2008. Still, Dr. ADMINISTRATION helm of a multi-million dollar, member of the Hellenic and contiguous with AT&T’s territo - Galakatos “made out well with publicly-traded company. In Black Sea Committee of Bureau ries in the Southeast. 2007 sale of Hypnion to Eli Lilly Mr. Dimon, 54, is chairman 1989, he was developing inter - Veritas as well as a member of Mr. Kalogris earned his MBA for $315 million,” Forbes re - & CEO of JPMorgan Chase, one face engines to integrate appli - the Greek Committee of Nippon at Columbia University Business ported. Hypnion, where Dr. of the country’s largest banks. cations running on a variety of Kaiji Kyokai. School in 1982. After working at Galakatos was also lead director, Currently ranked 79th among proprietary operating systems. In Ms. Frangou has received nu - IBM for a spell, he entered the was engaged in the discovery Forbes highest paid CEO’s, which 1991, he founded STC, which merous awards, including the telecommunications business by and development of therapeutic lists his five-year compensation was based in the Los Angeles Dry Cargo Company of the Year taking a job with a Philadelphia- drugs to treat disorders of the at $109.96 million and stock suburb of Monrovia. STC became Award in 2009 and the News - based outfit called Metrophone, central nervous system, particu - ownership at $226.3 million, Mr. one of the leading providers of maker of the Year award by helping to build it into a $1.1 bil - larly sleep and wake-alertness Dimon has managed to keep JP - integration solutions. Starting Lloyd’s List in 2009. She was lion cellular company in disorders and circadian rhythm Morgan well ahead of the curve with one employee and one cus - named the Connecticut Maritime Philadelphia and its suburbs be - abnormalities. since taking the helm in 2006. tomer, Mr. Demetriades turned Association Commodore for the fore its owners sold Metrophone He is also director of cancer At a time when all the country’s it into a company with more year 2011. She has developed a THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 11 reputation as an impressive in - vestor and philanthropist. John Catsimatidis on Working Hard and Giving

MICHAEL D. 33 CAPELLAS By Angelike Contis was eight credits short and I 20 years old, to ten stores within and looked at them, it was $300 MILLION TNH Staff Writer never got my degree. Talking to three years. So I was using my around Christmastime, and I CORPORATE the president of New York Uni - education to create a business. said, How many of these kids ADMINISTRATION t’s Superbowl weekend, and versity now, John Sexton, he So I was all of a sudden running will be able to escape the the Catsimatidis family is says to me, ‘Well why don’t you a business, instead of being a ghetto? ... We can’t save all Mr. Capellas, 56, was chair - preparing for daughter An - finish your eight credits.’ And I hamali in one store. So that 1,000, but if we can save 100, man & CEO of First Data Corpo - Idrea Catsimatidis’ Super - said to him, ‘Well I’ll consider made my parents feel better that and give them a better life, than ration (FDC), the world’s leading bowl party at their Manhattan coming back and teaching a I was using my education to do that I consider success. payment processing company, apartment. But Red Apple course for those eight credits’.... something that was great for TNH: What advice do you from 2007 to 2010. He is now Group CEO and Chairman bil - The thing at that point was I me, the family and the commu - have for young people to Chairman and CEO of VCE, the lionaire John Catsimatidis takes was going to be an engineer and nity. achieve success? Virtual Computing Environment a few minutes out to speak to engineers back in 1969, 1970 TNH: Which of your char - JC: The best advice I give to Company, formed by Cisco and The National Herald about his were making, I don’t remember, ity/philanthropic work is dear - the next generation is that the EMC with investments from path to success, a major early $10,000 a year, $15,000 a year est to your heart? world is changing. Everybody VMware and Intel, offering tech - decision/turning point and why can’t do what I did. There are nology products and solutions he chooses to invest in educa - different parameters. But there’s for cloud-based computing. He tion for the future. no substitution for hard work is on the board of Cisco, a multi - Mr. Capellas says he inherited Here are a few of the and you have to be able to look national corporation networking his gritty determination from his thoughts of the businessman at the changes. What I look at is and communications technology father, a Greek citizen who from the Dodecanese island of the forks in the road. Every time and services company that is fought with the Greek Army Nissiros, who climbed to the top you grow up and get an educa - ranked 75th on Forbes Global against the Germans in Italy dur - with his Gristedes supermarkets tion, there are different forks in 2000 list in 2010 with 63,900 ing World War II. After the War, chain – and expanded his busi - the road. You have to choose the employees and reported net sales the elder Capellas met and mar - ness into real estate and petro - right forks in the road that lead dipping from $39.5 billion in ried his wife Juliet in Italy. The leum interests, making Red Ap - to success. Choosing the right 2008 to 35.53 in 2010. He was family then immigrated to Ohio, ple Group one of the top private forks is very important for a new also senior advisor for Silver where Mr. Capellas’ father companies in the U.S. young man growing up to be Lake Partners, a $13 billion pri - worked his way up from laborer TNH: What are the compo - very successful. vate equity firm focused on mak - to superintendent at the Republic nents of success? What do you TNH: As a prominent Greek ing large-scale investments in Steel Corporation, where he attribute to luck versus hard American, what do you do to leading technology companies, worked for 30 years. Mr. Capel - work? maintain a positive image for from October 2006 to July 2007. las developed an interest in com - JC: Success comes from hard community? Mr. Capellas’ earlier executive puters as an undergraduate at work. You know part of my JC: You wake up one morn - roles include chairman & CEO of Kent State University. Shortly af - Greek blood –and I was born in ing and your realize that you Compaq Computer Corporation ter he graduated, he met his Greece and raised in a Greek might be a role model for the between 1999 and 2001. Follow - wife, Marie Angelillo, a former household – to be successful, community, for future genera - ing Hewlett-Packard’s acquisition nurse. The two married in 1979, you have to work hard. And if tions and future kids and you of Compaq, he stayed on as pres - and traveled the world for two you are working 12 hours a day, try to do the right thing. You try ident of HP for six months to decades as Mr. Capellas’ business five days a week and you are to go down the right road where ease the integration of the two reputation grew. He was a senior not being successful, then you you are not ashamed of what companies. He then left HP to vice president of Oracle Corpo - work 14 hours a day or 16 hours you are doing. The Greeks, my become chairman & CEO of MCI ration in 1997-98. He is credited, a day, 7 days a week. But part parents, raised me to be able to WorldCom between 2002 and in his work with Compaq, with of our Greek heritage, the way hold my head up high. I still can 2006, presiding over the even - making it Microsoft’s key strate - we grew up with immigrants, John Catsimatidis believes that success is based in large part hear my mother, my father’s tual Verizon-MCI merger. He had gic partner for the release of its was you do what you have to on hard work. He also believes in giving young people a helping words if I did something wrong: joined WorldCom, which was in Windows 2000 operating sys - do to be successful. A little bit hand. “Den Drepese?!” (Aren’t you bankruptcy, to help it overcome tem. In December 2006, Mr. of good luck always helps. ashamed)- and I would put my a massive accounting scandal. Capellas was appointed acting To be successful you have to and that was considered a good JC: I had many mentors. And head down and did not want to After the transfer to Verizon was CEO of Serena Software, se - work hard, you have to have to salary at that time. But I was I was taught that you have to disappoint my parents. So you completed, Mr. Capellas received lected by Silver Lake, which took have good relationships with working at the same time in my balance your life. You balance want to do the right thing and a $40 million severance package. Serena private in March 2006. people. You can’t be arrogant; business and I was making $50 your life through your family, not disappoint your parents. A 30-year veteran of the IT Mr. Capellas and his wife people don’t like arrogant peo - - $70,000 a year. your business, your religion and Then, when you lose your par - industry, he took charge of First have two children. He likes golf ple.... Number 2, be accommo - When I was about to finish then your charity work... ents and you don’t have any - Data shortly after Kohlberg and rock and roll. He is also ac - dating to people – and a little university and I continued in my My first charities that I body else, you don’t want to dis - Kravis Roberts acquired the tively involved in community bit of luck “pantote” (always) business, my mother cried, my started, remembering that I appoint the community. credit card giant for $29 billion and charitable work. In 2002, he helps. father yelled, ‘We sent you to grew up in a very poor neigh - TNH: We at the paper appre - in April 2007. In 1992, First Data became the first recipient of the TNH: Tell us about an early the university to become a borhood on 135th Street in New ciate, for one, that you tell us spun off from American Express. Hope Technology Award from turning point in your career? ‘hamali’” –that’s the Greek Turk - York, which was considered your honest opinion on issues It handles e-commerce process - the Center for Missing & Ex - JC: I started very young. I ish word I guess for a laborer - Harlem, I went to work, in my when we call. ing services, including merchant ploited Children. He is a member was going to New York Univer - because I was earning a lot of spare time, on children’s pro - JC: You have to be able to and bank transactions, credit, re - of the Board of Governors of the sity and in my junior year all of money, but I was working seven jects. I worked for the Boy talk through your heart and tell tail and debit card issuing and Boys & Girls Clubs of America. a sudden the problem was, the days a week, 14 hours a day.... Scouts, I worked for the Police people what you really feel and processing. It also provides Mr. Capellas previously served crisis, how well do I do in But further than discussion Athletic League. What happens, convince people that that is the money orders and paper check as a member of the American school, how hard do I work – with my parents, even though I you address kids and you try to correct way to feel because of processing. Forbes ranked FDC University Board of Trustees, and and having a full time job, seven started with that one little store, help them and guide them...Re - the situation. And I think that is 26th this past October (up from is recognized as a global thought days a week at the same time. I used my education to create a cently at a Police Athletic very important too. #36 the previous year) among leader in the technology industry. So something had to give. I at - business. Part of me is I love to League party ...I looked at these the country’s largest private com - Thanks to Facebook, says Mr. tended New York University for create. I hate people that de - 1,000 kids we had at this party Find the interview on our panies, with its 2009 revenues four years, got a great educa - stroy. Creation. So we took it and it was at 145th street in website at www.thenational - at $9.31 billion. Continued on page 12 tion. But because of my work, I from one store, when I was 19, Harlem and I scratched my head herald.com/video/1821. RANIA MESISKLI: PAINTINGS WITH FABULOSITY OVERLOAD

Rania Mesiskli’s paintings are an imaginary city where optimism has free The Artist Rania Mesiskli reign, a kaleidoscopic journey into the heart of entertainment. The eclectic cast of char - at her solo exhibition, acters draws spectators into a fanciful, dreamlike world. The dynamism and unbridled Sept. 2010. energy of the characters and it’s exuberant fauna are expressed in the colors of the cos - tumes. Colors that evoke the liveliness and excitement of the entertainment industry. Every costume brings a unique approach and knowledge to the task. Each drawing con - stituting a poem or picture that allows the artist to get to know the character she paints better. She begins her research by drawing inspiration from a variety of sources: film, literature, opera, fashion, art movements, magazines, history or science books and, of course, her own imagination. The paintings of Rania Mesiskli offer a glimpse of ecstasy at the heart of madness, of light at the heart of darkness. The human spirit remains im - placable despite profound changes and uncertainty, despite all the trials and tribulations, indomitable is the face of adversity. Her art celebrates this vital strength, which is driven by the thirst for renewal. A gallery of intensely theatrical characters rooted in universal archetypes, tinged with romanticism, commedia dell’arte traditions and the age of baroque with elements from Africa and the Arabian Nights thrown in. Rania Mesiskli conveys beauty, a feast for the eyes, and awaken the senses and the imagination by transforming her vision into something real. What makes her work so striking is the honesty and expressiveness. The faces of the entertainers on her canvases are vibrant and alive, their eyes full of hope and curiosity, laughter and pen - siveness, confidence and doubt. By considering the portrait, the viewer can begin to un - derstand and perhaps even relate to the many stories behind the face. Rania Mesiskli holds a Bachelor’s Degree in Theology from the National and Kapodistrian University of Athens, Greece, and she is a mother of two boys. She was a private tutor in Greece from 1985 to 1994, teaching Greek language, history and sociology. She is an accomplished performer, placed first out of two thousand contestants, in a singing competition in Greece, for Legend Recordings Company. She has performed live shows for up to 15,000 people and she worked as lead singer with role in various choreographies. She was a hostess on a live TV entertainment show in Greece, and acted as different characters in small theatrical plays during the show, covering socially relevant topics. She is a correspondent of the Greek Overseas Press ( E.A.E.T.E. ) and she is an article contributor for Greek newspaper in New York covering social subjects such as: inner self, relationships and career. The newspaper section is “The Simple Life”, with a different photo of Rania every week. As a painter, she had six group exhibitions in Manhattan, New York, from January 2008 to May 2010, and a solo exhibition in Times Square, New York, in September 2010. One of the paintings (“Acquired Tastes”) was the cover page of High Class Living Magazine, Jan.–Feb. 2010, and there were 48 publications in three years about her work as an artist (New York ). Her upcoming exhibition is in May 2011 at Agora Gallery in Chelsea, New York.

www.raniamesiskli.com www.youtube.com/user/MadonnaRania Studio: 1 - 862 - 202 - 5334 www.Agora-Gallery.com www.ArtMine.com 12 50 WEALTHIEST GREEKS IN AMERICA THE NATIONAL HERALD, FEBRUARY 19, 2011 The 50 Wealthiest Greeks in America List

Continued from page 11 chief operations officer and CFO complete, was fired by BA CEO torate in medicinal chemistry of Goldman Sachs. Mr. Thain re - Ken Lewis at the end of January from the University of Washing - Capellas, he’s more connected ceived starting compensation 2009 because of an additional ton. He is a director of Chemical than ever with family members worth about $50 million at Mer - $15.3 billion in losses at the end Financial Corporation, Teradata in Greece. rill Lynch in 2007 as chairman of 2008. He also saw to it that Corporation, Maersk Inc. and and CEO. He received an addi - Merrill execs got $3.6 billion in Tyco International LTD. He is a tional $19 million to make up now-controversial bonuses be - trustee of the Fidelity Equity and JAMES S. for stock awards, and received fore the merger was finalized. High Income Funds’ Board and 33 CHANOS a $15 million cash sign-in bonus Mr. Thain earned his bache - is an Advisory Partner of Clay - $300 MILLION in December 2007. His initial lor’s degree in Electrical Engi - ton, Dubilier & Rice LLC. Dr. INVESTMENT pay included a salary of neering from MIT in 1977 and Stavropoulos is non-executive Mr. Chanos, 53, is the founder $750,000; restricted stock worth his MBA from Harvard Business chairman of Univar. He is on the and president of Kynikos Associ - $28 million at current market School in 1979. He is a member Advisory Board for Metalmark ates, the world’s biggest short- values; and a three-tier grant of of the MIT Corporation, the Capital LLC. Dr. Stavropoulos selling hedge fund. A second- 1.8 million stock options worth Dean’s Advisory Council at the is also a past chairman of the generation Greek American, Mr about $20 million, by conserva - MIT Sloan School of Manage - American Chemistry Council, Chanos, grew up in Milwaukee. tive valuation assumptions. ment, U.S. National Advisory Society of Chemical Industry, His father owned a chain of dry Less than a year after taking Board, James Madison Council and American Plastics Council. cleaners in Milwaukee and his the helm of the storied firm, of the Library of Congress, Fed - Just a few of his many awards mother worked as an office man - even Mr. Thain couldn’t save eral Reserve Bank of New York’s and honors are AHEPA’s Man of ager at a steel company. He Merrill from the economic col - International Capital Markets the Year (1995), an honorary founded Kynikos Associates - (in lapse, which claimed the lives of Advisory Committee, the Doctor of Laws Degree from Greek, kynikos means cynic)- in ated the Coalition of Private In - several Wall Street giants like French-American Foundation, Northwood University (1998), 1985 after a Wall Street career vestment Companies, an organi - Bear Stearns and Lehman Broth - the National Urban League’s the Ellis Island Medal of Honor as a financial analyst with Paine zation aiming at promoting ers. However he still managed board of trustees, and the New such payment ever made by a (1998) and induction into Ju - Webber, Gilford Securities and hedge funds in Washington. to cut the best possible deal for York Presbyterian Foundation, single company. The company’s nior Achievement of Central Deutsche Bank. Jim Levitas, his He appears regularly in the Merrill stockholders by facilitat - which he served as governor. He 2010 revenue was over $17 bil - Michigan’s Business Hall of former boss, partnered with Mr American media giving financial ing Merrill’s $50 billion acquisi - and his wife Carmen have four lion. Fame (2005). “Institutional In - Chanos to launch Kynikos Asso - advices and predictions. He has tion by Bank of America, then children. The family established Prior to joining Tyco, Dr. vestor” magazine named him ciates with $16 million. A year long been considered a “media the country’s largest commercial the Thain Family Cafe at Yale, Stavropoulos was chairman, one of America’s best CEO’s later, Mr. Levitas, unable to en - operator” with a strong relation - bank. The deal worked out okay where their daughter Nicole was president & CEO of The Dow three times (1998, 2003 and dure the stress of short selling, ship with journalists that respect for Merrill Lynch, but it turned a student. Chemical Company, where his 2004). In 2010, he was named left the company. Estimates of and promote his ideas. He has out to be a disaster for Bank of career spanned 39 years. His ca - an Archon of the Ecumenical Pa - the company’s assets under man - recently declared, against pre - America, whose stock plum - reer with Dow began in Indi - triarchate and was inducted into agement range from over $1 to vailing sentiments, that China’s meted dramatically in 2007 and WILLIAM S. anapolis with pharmaceutical re - the Midland County Sports Hall over $4 billion. The company has economy will crash. Mr. Chanos 2008. Mr. Thain, who became 36 STAVROPOULOS, search in 1967. While he was of Fame as a Professional Base - offices in New York and London. is a graduate of Yale University, the number-2 man at Bank of PH.D with Dow, he held various posi - ball Visionary (for work includ - In late 2010, he created Kriticos where he studied economics. He America after the merger was $275 MILLION tions in research, marketing and ing founding the Michigan Base - International, a new hedge fund. has four children. CORPORATE general management. He also ball Foundation in 2005). Dr. Mr. Chanos has a long history ADMINISTRATION served in a variety of research Stavropoulos and his wife Linda of making shrewd predictions and business positions in phar - have two children, Bill and An - having identified several finan - JOHN A. Dr. Stavropoulos, 71, is a di - maceuticals and diagnostics. Dr. gela. cial meltdowns such as Boston 33 THAIN rector at Tyco International Lim - Stavropoulos was named presi - Chicken, Conesco and Tyco In - $300 MILLION ited, a major diversified, multi- dent of Dow USA in 1990, and SOTIRIOS ternational. In 2000 he started CORPORATE national company that is a was elected vice president of 37 VAHAVIOLOS investigating Enron Corporation. ADMINISTRATION leading provider of security Dow Chemical Company. He $260-$275 MILLION In 2001, predicting the com - products and services, fire pro - was then elected a senior vice ASSET PROTECTION pany’s financial problems, he be - Mr. Thain, 55, was born in tection and detection products president of Dow in May 1991, SOLUTIONS came Enron’s short seller. By the the United Kingdom and grew and services, valves and con - and became chief operating of - time the Enron scandal was pub - up in Antioch, Illinois. His father trols, and other industrial prod - ficer in 1993. He served as CEO Dr. Sotirios J. Vahaviolos is lic, Kynikos Associates profited was an officer in the U.S. Air ucts. in 1995-2000 and again in 2002- the Founder, Chairman and CEO greatly. Financial magazine Bar - Force, and his mother is a Greek He joined Tyco in March 04, and was a member of Dow’s of Mistras Group, the New Jer - ron’s mentioned his early predic - American from Indiana. In 2010 2007. Tyco is headquartered in board of directors from July sey-based global provider of tion of Enron’s fall as “the market he became chairman and CEO New Jersey. It employs over 1990 to March 2006 (he was technology-enabled asset protec - call of the decade, if not the past of lender CIT, aiming to bring 100,000 people worldwide. In succeeded by Andrew Liveris, a tion solutions used to evaluate fifty years.” Later on, he success - the bailed-out company back May 2007, just two months after Greek Australian). He is Chair - the structural integrity, safety fully predicted Sotheby’s stock from the brink of bankruptcy. Dr. Stavropoulos became a man Emeritus of the company. and efficiency of critical energy, drop –it plummeted between No - Known as Wall Street’s clean- board member, Tyco agreed to Dr. Stavropoulos holds a industrial and public infrastruc - vember 2007 from $57 to $10. up man, he was previously CEO pay almost $3 billion to de - Bachelor of Science degree from ture. In March 2006, Mr. Chanos cre - at the NYSE and president and frauded investors, the largest Fordham University and a doc - With more than 17 locations in 15 countries, Mistras Group provides the majority of their services to clients on a regular, recurring outsourced basis. It monitors daily such historic bridges as the Ben Franklin bridge in Philadelphia, the Sev - ern bridge connecting England and Wales, platforms and oil rigs 309 Engle St., Suite 1, Englewood • (201) 227-9444 in places including the North 222 Cedar Lane, Room 201, Teaneck • (201) 530-1900 Sea, U.S.-based nuclear power plants, and other industrial plant 6045 Kennedy Blvd., North Bergen • (201) 453-2784 facilities in countries all over the world daily, through the help of internet based online monitoring technologies based on satellites and other links. International clients are in the fields of oil and gas, fossil and nuclear power, public infrastructure, chemicals, aerospace and defense, trans - portation, primary metals and metalworking, pharmaceuticals and food processing. Among them are American Electric Power Inc., Bayer AG, BP, Bech - tel Corp., General Electric Co., Boeing Co., Excelon, ExxonMo - bil, Shell and Valero Energy Co. The Mistras Group combines in - dustry-leading products and technologies, expertise in me - chanical integrity (MI) and non- destructive testing (NDT) ser - vices and proprietary data analysis software to offer cus - Dr. Stefanie Vaimakis tomized solutions, ranging from routine inspections to complex, plant-wide asset integrity assess - ments and management. The company works to extend the useful life of their assets, in - crease productivity, minimize re - pair costs, comply with govern - mental safety and environmental regulations, man - age risk and avoid catastrophic disasters. Since going public in the NYSE in October 2009, MIS - TRAS ended fiscal year 2010 at $272.1 million, up from $209.1 the previous year for a revenue growth of 30%. Since going pub - lic, MISTRAS shares are up by 20% ($12.50 to around $15.00). Dr. Vahaviolos, who was born in 1946 in historic Mistras, in the Peloponnese, as a child Se habla Español • Μιλάμε Ελληνικά ripped apart electrical machin - ery and rebuilt it for fun – as well as for better safety in the newly electrified village. He Take It Off & Keep It Off! came to United States to study engineering at Fairleigh Dickin - Our very own Metabolic Fitness Program son University, in New Jersey, where he graduated No.1 in his • Psychologist and Nutritionist on-site Science and Engineering class and went on, as a recipient of • Weekly Support Groups open and free, also The Bell Laboratories Graduate Study Scholarship Program, to via Internet get his M.S. and Ph.D. in elec - trical engineering from Colum - • Office hours available on Sundays bia University. He also received for Gastric Band adjustments a Masters in Philosophy. He started his career at American Telephone & Telegraph's Bell Laboratories, where the concept of acoustic emissions was devel - oped in the late 1940s. When Dr. Vahaviolos came to the com - pany in the 1970s, he worked out computerized solutions to the long-standing problem of how to filter out irrelevant back - ground noise during acoustic- emission testing, thus making the technology useable to detect in real time imperfections,

Continued on page 14 THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 13 14 50 WEALTHIEST GREEKS IN AMERICA THE NATIONAL HERALD, FEBRUARY 19, 2011 The 50 Wealthiest Greeks in America List

Continued from page 12 which operates crude oil American kids, I liked only plain By 2003, it was the fourth CHRIS & tankers, mostly in the Atlantic foods like hamburgers and largest tanker company in the 40 HARRIS PAPPAS cracks and growing corrosion in Ocean, including ports in the steak.” world. And that was when peo - $200 MILLION materials and structures. Caribbean, South and Central Mr. Georgiopoulos is a grad - ple started referring to him as a Dr. Vahaviolos has written America, the United States, uate of Bronx Science and Ford - Greek shipping tycoon. Brothers Christopher J., 62, over 100-technical papers and 3 Western Africa, the Mediter - ham University. His father was He is a member of the Amer - and Harris Pappas, 64, today books, amassed numerous ranean, Europe and the North a successful maritime lawyer, ican Bureau of Shipping, and lead privately-owned Pappas patents and many honors and Sea. The group’s principal activ - and many of his clients were lives in a townhouse in Manhat - Restaurants, Inc. – a company awards over the years, and be - ity is providing international wealthy Greek shipping tycoons tan’s Greenwich Village. “I’m operating over 90 restaurants in longs to various professional and seaborne crude oil transporta - whose lifestyles appealed to the proud to be Greek. I got married seven states. Chris Pappas is the scientific organizations, includ - tion services. Its fleet grew in young Peter, and when he grad - ... and my wife converted to company’s CEO. His brother is ing the American Society for 2009 from 21 to 31 wholly uated from college, one of them Greek Orthodox. I was named its president. The Nation’s Non Destructive Testing, for owned vessels, consisting of two offered him a job in Athens. Af - after my grandfather, Peter Con - Restaurant News placed the very large crude carriers, 12 ter two years of working for stantine, because that’s the company #70 in its listing of Top Aframax-class. 11 Suezmax- someone else, he decided he Greek custom. And while I still 100 companies in 2010 (based class, 2 Panamax-class and 4 wanted to start his own shipping like plain foods best, I’ve learned on 2009 figures), with $480 mil - Handymaxclass vessels. Today company, so he left Greece and to like, and even to cook, Greek lion, when it came to U.S. Food - there are 36. GMC’s customers went to Dartmouth College, food, too. But I never forget that, service Revenue figures. On that include international oil compa - where he earned his MBA. When if I hadn’t been brought up listing, the company’s revenue nies such as Chevron, CITGO, he graduated in 1985, he took a American, I might never have growth rate was 50%. The two Conoco Phillips, Exxon Mobil, job at Drexel Burnham Lambert. made it so big in a classic Greek have become – since 2001- ma - Hess, Lukoil, and Sun Interna - He didn’t like investment bank - career,” he said. He and his wife, jor shareholders in the once-ail - tional LTD. ing, and still wanted to be his former model/Hair Rules New ing, 50-year-old restaurant chain Mr. Georgiopoulos is also own boss, but he made a lot of York salon owner Kara Young, Taligent Inc., a software devel - Luby’s, Inc., which is listed on founder and chairman of Genco money, and met a lot of people. have two children. opment company which was a the NYSE; the company’s stock Shipping & Trading LTD, a com - From 1990 to 1991, he was af - joint venture among Apple Com - shot up from about $3.5 to $6 pany listed on the New York filiated with Mallory Jones Lynch puter, IBM and Hewlett-Packard. over the past year. Ludy’s ac - Stock Exchange, and chairman & Associates, an oil tanker bro - STRATTON He joined VeriSign in July 1995 quired 200-restaurant chain and director of Aegean Marine kerage firm. 39 SCLAVOS as one of its first employees. Fuddruckers (and 3 Koo Koo Petroleum Network, a marine From 1991 to 1997, Mr. $225 MILLION Since joining VeriSign, he helped Roo California Kitchen eateries) fuel logistics company also listed Georgiopoulos was the principal COMPUTERS establish the company as a in June 2010 for $63 million. on NYSE. Genco Shipping trans - of Maritime Equity Manage - CELLULAR TECHNOLOGY global corporation used by mil - Chris Pappas is President and ports dry cargo such as coal, as ment, a shipping and investment lions of consumers and busi - Chief CEO of Luby’s, which has well as steel products, through company, which he founded in Mr. Sclavos, 49, was chair - nesses daily as they interact on 96 restaurants; Harris Pappas is a fleet of 34 oceangoing dry bulk 1991. The company had a Nor - man, president & chief executive the world’s voice and data net - its Chief Operating Officer. carriers. wegian partnership, but when officer of VeriSign for 12 years works. Mr. Sclavos led the com - Pappas Restaurants grew Ninety percent of the global that country changed its tax laws before he resigned in May 2007, pany through a decade of robust from their father and uncles’ trade volume is carried by ships in the 1990’s, and partnership leading that company through growth and technological inno - work at Pappas Refrigeration. and facilitated by seaports, while shares plummeted, Mr. Geor - many acquisitions. vation. His last years with Currently Pappas Restaurants which he has served as presi - oil and gas found offshore re - giopoulos convinced a group of He is now a director at multi- VeriSign were taken up with in - has nine brands, including Pap - dent, and the International Com - main critical sources of energy investors to buy some ships, and billion-dollar companies Juniper vestigations into the company’s pas Seafood Houses, Pappasito’s mittee for Nondestructive Test - to power the world economy. GMC was born in 1997. The Networks and Salesforce.com. stock option program, but it is Cantinas, Pappadeaux Seafood ing (ICNDT), which collaborates Even as maritime financing faces company went public in 2001. Juniper designs, develops and not believed that Mr. Sclavos Kitchens, Pappas Bar-B-Q’s, Pap - with the United Nations. A for - a tough world-wide market, sells products and services which personally benefited from the pas Bros. Steakhouses, Pappas mer president of ICNDT, he is a GMC remains a leader. How - provide its customers with per - option grants in question, Grill Steakhouse, Pappas Burger, Life Honorary Member of its ever, in the first three quarters formance network infrastructure though it did occur under his Yia Yia Mary’s Pappas Greek board. (NDT is the testing of ma - of 2010, net voyage revenues which creates responsive and watch. Kitchen and the Dot Coffee terials without interfering with decreased 20.3% to $184.5 mil - trusted environments over a sin - Mr. Sclavos was born to sec - Shop. Each company has its their make-up and encompasses lion, compared to $231.5 million gle Internet protocol-based net - ond-generation Greek American own speciality, with Yia Yia a broad range of scientific disci - for the first three quarters of work. From early 2010 to early parents in San Francisco. He still Mary’s, for instance, specialising plines.) Dr. Vahaviolos is mar - 2009. The company’s stock 2011, Juniper stock enjoyed a lives in California with his wife in Greek food, fish – as well as ried to Aspasia Nessas Vahavio - dipped over the past year from high of over $39 and a low of Jody and their two children. A mezedes (Greek, with a hint of los, with whom he has three $7.8 in January 2010 to about $22.25 per share (market value, lifelong Bay Area resident, Mr. Texas). Pappas Restaurants also daughters: Athanasia Vahavio - half. according to Forbes: $19 bil - Sclavos formed the Sclavos Fam - has a food catering business. los, who runs the Greek Mistras- In 2008, Mr. Georgiopoulos lion). He served on the board of ily Foundation to support chari - Chris Pappas serves on the Envirocoustics company com - founded the Green Maritime directors of Intuit, Inc. from table efforts in children’s educa - Board of Directors for the pany serving the Balkans and Partners, an investment aimed 2001 to 2010. Salesforce.com tion and medical research. He Greater Houston Partnership Eastern Mediterranean coun - at funding environmentally sus - provides software to businesses likes to play basketball. In June and is also a member of the tries, Stephanie-Athena Folia, tainable businesses in the ship - of all sizes and industries world - 2002, he was honored with the Dean's Advisory Board at the Mistras’ Benefits Manager, and ping and energy sectors. wide. Its stock made a phenom - Ernst & Young Northern Califor - Conrad N. Hilton College of Ho - Kristy Vahaviolos-Kyriakopoulos. Mr. Georgiopoulos, whose enal ascent in 2010. He is also nia Entrepreneur of the Year tel and Restaurant Management family hails from Sparta, ended general partner at Radar Part - Award. He was also honored at the University of Houston. He up in a historically traditional ners LLC, a private investment with the 2001 Morgan Stanley was inducted into the college’s PETER position as a Greek shipping firm. Morgan Leadership Award for Hospitality Industry Hall of 38 GEORGIOPOULOS magnate though he told the New Mr. Sclavos earned his bach - Global Commerce; named to Honor in 2009. Chris is a mem - $250 MILLION York Times in an April 2007 in - elor’s degree in Electrical & Forbes’ Top 50 CEO’s list; and ber of the Board of Directors for SHIPPING INDUSTRY terview, “I never thought of my - Computer Engineering from the served alongside 30 technology the National Restaurant Associ - self as Greek. My family has University of California in Davis. experts on former President ation, the Texas Restaurant As - Mr. Georgiopoulos, 49, is been in the United States since From October 1993 to June George W. Bush’s National Se - sociation, and the Greater Hous - founder, chairman & CEO of the 1800’s, I’ve got blond hair 1995, he was vice president of curity Telecommunications Ad - ton Restaurant Association and General Maritime Corporation, and blue eyes, and like most worldwide marketing & sales for visory Committee. is an Advisory Board member of

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Turkey; her mother was born JENNIFER averse Ms. Aniston is magazine- and raised in a Greek village on 43 ANISTON cover gold. She has won multiple the Albanian border. Her family $170 MILLION awards during her career, to in - changed their surname to Wil - ENTERTAINMENT clude the Screen Actors Guild son, which was the name of a (1996), Emmy (2002), Golden local street in Southern Califor - Popularly and affectionately Globe (2003) and People’s nia. known as “America’s Sweet - Choice (four times) Awards, and As co-executive producer, Ms. heart,” Ms. Aniston, 42, once has assisted and worked with Wilson is often credited with be - lived in Crete and Athens as Jen - many charities like Rain (an anti- ing the driving force behind Nia nifer Anastassakis. The daughter sexual assault organization), St. Vardalos’ smash-hit movie, “My of famous daytime soap opera Jude’s and various cancer-fight - Big Fat Greek Wedding,” which star John Aniston (“Days of Our ing organizations. became the highest-grossing in - Lives”), she eclipsed her father’s dependent film of all time. Ms. television fame and success with Wilson has had recurring roles her own role as Rachel Green on ARIANNA in various television series, and the eternally popular situation 44 STASSINOPOULOS has appeared in several movies. comedy, “Friends.” In the show’s HUFFINGTON* These include “Midnight Caller,” final years – it ran for ten sea - $125 MILLION “Volunteers,” “Bonfire of the sons – Ms. Aniston and her five NEW MEDIA Vanities,” “Sleepless in Seattle,” castmates struck what was then Amegy Bank. In 2001, he was and became a restaurateur. His “That Thing You Do,” “Frasier,” a record deal – $1 million each Arianna Stassinopoulos Huff - inducted into the Texas Restau - sons followed his lead with en - and “Runaway Bride.” She also per episode – and she still col - ington, 60, is a nationally syndi - rant Association Hall of Honor. deavors including opening Pap - played Susan Borman, wife of lects a sizeable paycheck from cated columnist, author of thir - He is also a member of the Hous - pas Bar-B-Q. The Pappas broth - astronaut Frank Borman, in the the now-iconic sitcom’s syndica - teen books, and the co-founder ton Food Bank’s Capital Cam - ers are often help nonprofit HBO miniseries “From the Earth tion. and editor-in-chief of The Huff - paign Committee and he has as - groups and churches renovate to the Moon,” and performed New York. There is shipping in She continues to have little ington Post, a popular news sisted in raising over 40 million their kitchens. Highly involved the role of Roxie Hart in the the blood – as he is a descendant screen success - most recently in website. The Huffington Post – dollars for the organization. in the Annunciation Cathedral Broadway revival of “Chicago” of Panagiotis Pantaleon, Tina Fey’s 30 Rock, but Ms. Anis - a media phenomenon and opin - Chris received his Bachelor's de - of Houston, both brothers were from June to August of 2006. Smyrna’s legendary 19th-cen - ton’s film career has been some - ion-shaper- was born of the gree in Mechanical Engineering named Archons of the Patriar - She has contributed to the tury shipowner, whose vessels what hit-or-miss. Her new film brains and charisma of the in - from The University of Texas at chate in 2008. Moffitt Cancer Center by donat - rescued Greeks of Smyrna and “Just Go With It”, co-starring defatigable Greek American Austin. He and his wife Maria ing “True Hearts” jewelry, made helped liberate Mytiline, Chios Adam Sandler, out in February, woman who has been called the have been married 30 years and of sterling silver and 14-karot and Oinouses isles. Mr. Zoullas may break her losing streak. Her world’s greatest networker. She have five grown children. RITA gold. The proceeds went to the founded Eagle Bulk Shipping in recent films, “Love Happens and her partners sold the site to A graduate of Texas A&M, 40 WILSON benefit of several charities. She 2005, buying four Supramax (2009)” and “The Switch American Online for a neat $315 Harris Pappas was commis - $200 MILLION and her husband are members vessels, with a capacity of (2010),” were considered million in February 2011. She sioned as a 2nd Lieutenant in ENTERTAINMENT of the Greek Orthodox Church. 50,000-60,000 tons of dry cargo. bombs, but have been more than will remain editor-in-chief and the U.S. Army, serving one year She has been married to Mr. That same year, he listed the offset by box office bonanzas like be president of the new Huffin - in Thailand and one year in Viet - Ms. Wilson, 54, is an Ameri - Hanks since April 1988, and has company on the NASDAQ Stock “Bruce Almighty (2003),” “The gton Post Media Group. In 2011, nam, earning two Bronze Stars can film and stage actress and two children. Factoring in her Exchange, accumulating more Breakup (2006)” and “Marley & the site had expected 2011 rev - and three Army Commendation producer. She is wife of super - husband’s fortune – Mr. Hanks than $200 million. A native New Me (2008),” which helped estab - enue of $60 million and 26 mil - medals. He is also a member of star actor and producer Tom commands at least $20 million Yorker, he has been involved in lished her as a movie star. Forbes lion unique visitors per month. the Board of Directors of Ocea - Hanks. Born Margarita Ibrahi - per picture these days, and has the dry bulk shipping industry slid her from 8th to 26th on its Ms. Huffington was said to own neering International, Inc., a moff in Los Angeles, her father starred in seven consecutive for 23 years. From 1989 to Feb - “Celebrity 100,” reporting in some 14% of the site at its sale. publicly-held oil and gas opera - was a Pomak born in Greece. Be - $100 million blockbusters. In ruary 2005, Mr. Zoullas served June that she made $27 million According to the Financial tions firm, and also served a ten- fore immigrating to the U.S., he just 2010, the couple made $35 as an executive officer and a di - over the past year. The actress, Times, The Post employs more year term on the Board of had lived in Bulgaria and million. Their combined net rector of Norland Shipping & who currently cranks out at least than 200 people, including re - Trustees of Memorial Hermann worth probably exceeds $200 Trading Corporation, a shipping three films a year, has started porters who cover many topics, Healthcare System in Houston. million. “Mamma Mia!”, the mu - agency in the dry bulk shipping participating in Hollywood pro - but the heart and soul of the op - He is an advisory director of the sical produced by the couple in industry. He holds a bachelor's jects as a producer too. She di - eration are still the big name Boys and Girls Clubs of Greater 2008, made $600 million world- degree from Harvard College vorced from superstar actor Brad bloggers like Alan Dershowitz Houston and of Bank - Frost Na - wide. She appeared in new film and an MBA from IMD in Lau - Pitt six years ago, but the press- and playwright David Mamet tional Houston. He is on Homework this year. sanne, Switzerland. He is cur - who helped launch it by writing Schreiner University’s Advisory rently Chairman of the USA Ad - without being paid at the out - Board. He is a member of the visory Committee of Lloyd's set. Texas A&M Foundation Devel - SOPHOCLES N. Register, the American Bureau The Post was born in May, opment Advisory Committee 40 ZOULLAS * of Shipping, and Director Emer - 2005 and is one of the most and serves on the Education De - $200 MILLION itus of the North American Ma - widely read, linked to, and cited velopment Council Advisory SHIPPING rine Environment Protection As - sites on the Internet. The rapid Committee. He has received sociation. In October 2010, the success of The Post catapulted awards from both Texas A&M Sophocles N. Zoullas, 45, is Hellenic-American Chamber of Arianna to the Time 100, Time University and the school’s Mays the founder, director, chairman Commerce gave him the Person - magazine's list of the world's 100 College of Business. Harris is and CEO of Eagle Bulk Shipping- ality of the Year award. In 2008 most influential people and in also a member of the World the largest U.S.-based owner of he was awarded the Wild Card 2009 Forbes named her the President’s Organization. He is Handymax dry bulk vessels. The Deal of the Year by Marine 12th-most influential woman in also a founder of the Hellenic company has 39 ships, with Money International, while For - the Media. Foundation, which endeavors to seven more being built. He is tune Small Business ranked Ea - She was born Arianna raise scholarship money for sem - also chairman and an owner of gle Bulk Shipping in the top 100 Stassinopoulous in Athens, inary students attending Holy privately-owned dry bulk com - fastest growing corporations in Greece, the daughter of Kon - Cross Greek Orthodox School of pany Delphin Shipping LLC, the U.S. He told TNH: "I could stantinos, who was a journalist Theology. An avid boater and formed with Kelso Investment not have started this company if and management consultant, fisherman, he and his wife, Vicky Associates VII in 2009. Mr. Zoul - I did not recall, with every step, and Elli Georgiadi. She moved Marinos Pappas, have six chil - las’ parents, Nicholas Zoullas my grandfather's words: ‘Sopho - to England to attend Cambridge dren. and Marianna Souyoutzoglou, cles, you can win or lose money, University and has ridden a The brothers’ grandfather, born in Greece, came to the US but you have a name that you H.D., arrived in the U.S. in 1897 after World War II and settled in should never lose.’" Continued on page 16

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Continued from page 15 Internet was a website called of Mergers & Acquisitions for current market value is $2 bil - Resignation.com, which called American Public Companies. lion, according to Forbes. Atmel wave of energy, intelligence and on President Clinton to resign. From 1993 to 1995, he served reported revenues for the third charisma more or less straight In 2003, she ran as an indepen - as executive vice president of quarter of 2009 were $317.7 through to her triumph with dent candidate for Governor in Corporate Finance and president million, down from $400 million The Post. The Times of London the California recall election. of Global International Equity for the third quarter ended Sep - described her, back in 1971, as Ms. Huffington makes guest Corp., where he arranged fund - tember 30, 2008. Despite the “glamorous, with lots of charm. appearances on television ing for several public and private conflicts at Atmel, Mr. Perlegos Her clothes are stunning.” She shows. She serves on several companies and managed a $398 remains a force in Silicon Valley graduated with an M.A. in eco - boards of community service million portfolio of assets on be - as a semiconductor consultant. nomics. At 21, she became pres - groups, including A Place Called half of Global Security Credit Analysts have watched him ident of the famed debating so - Home, which works with at-risk LTD. From 1995 through 2000, evolve from a brilliant engineer ciety, the Cambridge Union. children in South Central Los he served as managing director at Intel into a respected leader Angeles. She also serves on the of Corporate Finance and as of a billion-dollar public com - board of the Reform Institute, CEO of Odyssey Capital & Re - pany. Atmel’s IPO (initial public which works on campaign and search Group Inc., where he cre - offering) increased his net worth election reform issues. She has ated and implemented invest - by millions. two daughters. ment structures which have facilitated more than $5 billion in private investments. Having WILLIAM J. JOHN A. worked in M&A where 90% of 47 CATACOSINOS, 45 LEONTAKIANAKOS the investments of that time PH.D $120 MILLION were in biotechnology, he de - $80 MILLION BIOTECHNOLOGY eration vaccines for allergies. Its cided to move into the biotech - upon graduation, and then stud - MINING AND ULTILITIES HOMELAND SECURITY first vaccine will be for Japanese nology sector. In 1999-2000, he ied Electrical Engineering at Red Cedar-induced asthma. served as director and executive Stanford. Dr. Catacosinos, 79, has been Mr. Leontakianakos, 49, is a Mr. Leontakianakos first VP of BioTherapeutics Inc., and He bootstrapped Atmel in a director of International Coal primary shareholder of three came to the United States in has also served as general part - 1984 with $23,000 of his own Group (ICG) since 2004. ICG is biotechnology companies, 1970 at eight years of age. His ner of Ares Venture Partners money. The company designs, a leading coal mining company BioAvenge, Capital Genomix, parents came to New York, since its inception in 2000. In develops, manufactures and sells operating in the United States, and Immunomic Therapeutics, where he grew up in Woodside, that time, he managed to “piece - a range of integrated circuits with more than 2,220 employ - and a co-founder and senior vice Queens. He is a graduate of the meal” his MBA together, taking products, including microcon - ees. The company is principally president of GateKeeper USA Transfiguration School in courses at various institutions trollers and advanced logic, engaged in the extracting and Inc., a company which special - Corona, and his family then over an 11-year period. mixed-signal, nonvolatile mem - processing of steam and metal - izes in installing security devices moved to Long Island, where he Mr. Leontakianakos also has ory and radio frequency compo - lurgical coal in Northern and for containers on ships, man - graduated from Half Hollow real estate interests stateside and nents. Mr. Perlegos was termi - Central Appalachia. ICG pro - dated by the federal container Hills High School in Dix Hills. abroad, and is the founder the nated in August 2006 after an duces, processes and sells steam security initiative, and has con - He completed his undergraduate Children’s Research Institute for eight-month investigation. The coal from 13 regional mining tracts with the Department of studies in college-level mathe - Personalized Medicine, a non - board of directors accused him complexes, which are supported Homeland Security. In December matics by the time he was 16; profit charity which helps chil - and his brother Gust (an execu - by 13 active underground mines, 2009, Gatekeeper made a public was accepted at MIT; and was dren locate and secure alterna - tive vice president of the com - 11 active surface mines and 11 announcement that the com - listed in “Who’s Who” for young tive treatments in terminal cases. pany) of spending $235,000 in preparation plants located pany's Advanced Container Se - Americans. He chose to attend He and his wife Angelica reside company funds on airplane tick - throughout West Virginia, Ken - curity Device (ACSD) commer - LIU C.W. Post to stay close to his in Long Island and have three ets for themselves and their im - tucky, Maryland, Virginia and She moved to the United cially known as the CAMS, has family, but had to pull out of col - children. mediate families, although the Illinois. As of September 30, States in 1980 and was married the ability to detect PETN - the lege due to the untimely death Delaware Chancery Court ex - 2010, the company controlled to California oilman Michael explosive that nearly brought of his father. He worked several pressed its “discomfort with the around 318 million tons of met - Huffington in 1986. In the late down the Norwest Airlines flight jobs to help support his mother GEORGE thoroughness and fairness of the allurgical quality coal reserves 1980s, she wrote several articles 253, in the Christmas Day, 2009 and two sisters, joining the U.S. 46 PERLEGOS investigation and with the deci - and around 769 million tons of for National Review and her hus - terrorist attack. Marine Corps in 1982. He was $100 MILLION sions.” Mr. Perlegos called a steam coal reserves. ICG also band, a Republican, served in Gatekeeper is "seriously con - on tour in Lebanon during ELECTRONICS meeting to replace five of the owns the Sago Mine in West Vir - the U.S. House of Representa - sidering entering the aviation se - bombing of Marine barracks in existing board members, which ginia, where 12 miners were tives before his career ended curity industry" in 2010. Beirut in 1983 under President Mr. Perlegos, 60, was chair - the board attempted to cancel. killed during an explosion in when he lost a close race for the BioAvenge, now a subsidiary of Reagan. A highly decorated vet - man & CEO of Atmel Corpora - In March 2007, the Delaware January 2006. Shares outstand - U.S. Senate in 1994. The couple GateKeeper USA (acquired in eran due to his combat service tion, a global leader in the man - Chancery Court ruled that the ing are at $203.81 million. divorced in 1997 and by then, 2008), uses technologies to with 24th Marine Amphibious ufacturing of semiconductors shareholder meeting must pro - He has also been a managing she had gained national promi - study genes, gene expression Unit in Beirut, Mr. Leon - and flash memory devices based ceed, but this action was com - partner at Laurel Hill Capital nence and begun to shift to the and genetic sequence in order takianakos was honorably dis - in San Jose, California. He was pleted after Mr. Perlegos was re - Partners, a private equity invest - political left. She told The Finan - to identify biohazardous agents. charged in 1985. born in Tripoli, Greece. His fam - moved as president. The action ment firm, for over five years. cial Times that she had “long Capital Genomix uses two tech - From 1985 to 1992, he ily came to the United States resulted in a special shareholder From 1953 to 1956, Mr. Cata - been interested in steering her nology platforms for the com - worked in the investment bank - when he was 12 years of age. vote, which failed to generate cosinos served as an officer in the conservative friends towards so - prehensive analysis of genes and ing industry, employed by such Though he entered San Jose the necessary 50 percent for Mr. U.S. Navy and from 1957 to cial activism and the problems proteins, in order to develop firms as Gateway Financial State University intending to Perlegos. 1969, he was Assistant Director of worsening inequities in Amer - drugs to enhance immune sys - Group, Euro-Atlantic Securities study medicine, the semiconduc - Last year, the San Francisco at Brookhaven National Labora - ican life.” Nonetheless, Ms. tem response. Immunomic Ther - and Cohen & Cohen. In 1992- tor industry attracted his atten - Chronicle reported Mr. Perlegos’ tory, Upton, New York. He was Huffington’s first foray into the apeutics is developing next-gen - 93, he served as vice president tion. He worked in Silicon Valley shares at $84.4 million. Atmel’s also, previously, the founder,

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MONDAY -FRIDAY 9a.m. - 8 p.m., SATURDAY 10 a.m. - 6 p.m. THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 17 chairman and CEO of Applied Decker for $4.5 billion in 2010. lion Blinker train station struc - ney at St. John's University in Digital Data Systems, Inc., a com - Alticor Inc., now known as ture in Manhattan, which is due N.Y. He was a partner at Long puter manufacturer as well as pi - Amway, ranked 32th among to be completed by November Island law firm Rivken Radler oneering heart fetal heart moni - Forbes’ listing of America’s 2011. His other investments in - LLP, working in real estate de - tor company Corometrics largest private companies in clude the recent purchase of 47 velopment, zoning and land use. Medical Systems, Inc. Until the 2010; Amway manufactures, Dairy Barn convenience stores Mr. Tsunis previously also was a end of 2005, Dr. Catacosinos had markets and distributes con - in New York. Special Counsel to the Town of served as chairman, president & sumer products and logistics ser - He is one of the original Huntington, Senator Alfonse CEO of TNP Enterprises Inc., the vices in more than 80 countries, founders of Archangel Michael D'Amato's appointee on the U.S. parent of Texas-New Mexico employing more than 13,000 Church in Roslyn, Long Island. Senate committee on Banking, Power in Fort Worth, Texas. He people worldwide. Click Com - He is also a member of the Housing and Urban Affairs, and was also chairman & CEO of merce, which provided indus - AHEPA Gold Coast Chapter and an attorney for the New York Long Island Lighting Co., which trial software to millions of users Leadership 100. City Council. He has worked on built the controversial Shoreham in 70 countries to support the He and his wife of over 30 campaigns including those of Nuclear Power Plant (never used, business processes of manufac - years, Libby, reside in Manhas - Governor George Pataki (1994) though it bore a $6 billion price turing, aerospace and defense set, Long Island. They have four and Suffolk County Executive tag) on Long Island, from Janu - and high-tech industries was ac - daughters and four granddaugh - Robert Gaffney (1999). He and ary 1984 to July 1998, pocketing quired by Illinois Tool Works for ters. his wife, Olga, have a son, a $42 million severance package $292 million in October 2006. James, and daughter, Eleni. after a controversial parting of SmartDisk was purchased by Active in both his local com - the ways at the time. Verbatim in 2007. GEORGE J. munity and the Greek Orthodox Dr. Catacosinos also served as Mr. Kampouris earned a mas - 50 TSUNIS & Church, he was the youngest a director of Preservation Ser - ter’s in Law from Oxford Univer - FAMILY board of director member of vices Inc., a company in St. Pe - sity, and a degree in Ceramic MERKOURIOS $72.5 MILLION Long Island’s Dowling College, tersburg, Florida which re - Technology from North Stafford - 49 “MIKE” HOSPITALITY/REAL ESTATE his region’s American Red Cross of Trustees of Touro Law School. searches, develops and markets shire College of Technology. He ANGELIADES chapter – and one of the most He often actively works behind preservatives and preservative currently serves on the board of $74 MILLION George J. Tsunis, 43, founded youthful Archons of the Ecu - the scenes to promote the Hel - technologies for food, beverage Horizon Blue Cross Blue Shield CONSTRUCTION, REAL Chartwell Hotels, LLC in 2006, menical Patriarchate’s Order of lenism and Orthodoxy’s interests and industrial products. He of New Jersey, and is a trustee ESTATE building on a family tradition of St. Andrew. He was named to in the U.S. and is a founding earned his bachelor’s degree, (Emeritus) of the Hudson Insti - hotel and restaurant ownership. the National Council of the Ar - member of the Faith endow - MBA and a doctorate in Econom - tute, a non-partisan policy re - Born on the island of Simi, The company has 900 employ - chons. He is also on the Board ment. ics from New York University. search organization dedicated to in the Dodecanese, Mike Angeli - ees, currently owning and man - research and analysis which pro - ades, 69, established the fifth aging a total of twelve hotels, motes global security, prosperity largest construction business in including the Intercontinental, EMMANUEL A. and freedom. He has served on the Metro New York area (and Hilton and Marriot brands –in 48 KAMPOURIS the boards of the National En - one that is among the top 400 the states of New York, New Portrait of the $80 MILLION dowment for Democracy and the in the country). The islander’s Hampshire, Pennsylvania and INDUSTRIAL GOODS U.S. Chamber of Commerce. first jobs when arriving in the Rhode Island. In 2010, the com - CORPORATE MANAGEMENT He’s a member of the Oxford U.S. in 1960 included packaging pany added a hotel and two of - Photographer University Council for the School cheese, olive oil and olives, boat fice buildings. The company Mr. Kampouris, 75, served as of Management Studies and the construction, loading freezers plans to add five more hotels in Readers of this year’s 50 chairman, president & CEO of for an ice cream and even 2011. Chartwell’s Holiday Inn in Wealthiest Greek Americans the American Standard Compa - treacherous work painting Williamsport, Pennsylvania issue will be able to see many nies (now known as Trane), the bridges. Then he was hired by earned a “Newcomer of the Year of them in a different light, leading global manufacturer op - George Levesanos, a friend of award” from Holiday Inn in thanks to portraits taken by a erating in 34 countries, which his carpenter father’s, in con - 2007. prominent Greek photogra - was known as Ideal Standard in struction and realized how much Chartwell Hotel’s chairman pher, Maria Yanna, who got Europe. Its products included he enjoyed the trade that he had and Chief Exective Officer, Mr. them to sit for her book, Por - technologically advanced air been trained on, in part, by Tsunis, makes a point of visiting traits of Prominent Greeks in conditioning systems, bathroom working with this carpenter fa - the hotels as often as he can. “I the U.S. Her works displayed and kitchen fixtures and fittings, ther in Simi. don’t think there is any substi - here are of George Argyros, and vehicle control systems. In 1965, he and his cousin tute for going and visiting the George Behrakis, Lily Bentas, Prior to joining American Stan - George Nikolis took a major step hotels as a management tool.” John Calamos, John Catsima - dard, Mr. Kampouris worked in by establishing their ANT Con - He notes: “Like all Greeks, my tidis, Peter Georgiopoulos, Ted Greece and Egypt, and joined struction Company renovating family started out in the restau - Leonsis, George Mitchell, C. The 288-page oversized American Standard’s Greek homes. Three years later, they rant business. And it’s all about Dean Metropoulos, Dean book, with a foreword by U.S. plumbing products subsidiary in established a new company and hospitality and taking care of Spanos, and Angelo Tsakopou - Sen. Olympia Snowe, is an im - 1966 as general manager of this time worked in renovating guests. We went from feeding los, who she captured at work portant record of successful manufacturing. In 1999, he restaurants. He told the National them, as coffee shop owners and and at ease. Greek Americans, ideal for capped his 35-year career with Herald, “In a short period of restaurateurs, to now providing Yanna was born in Athens coffee tables and libraries, in - American Standard by leading Eisenhower Exchange Fellow - time we ended up doing general overnight accommodations.” in 1974 and studied Interna - cludes 126 exclusive portrait the company to record sales of ship. Mr. Kampouris is also the reconstructions.” Angeliades has Mr. Tsunis and his family tional Relations and History of photographs, 63 mini-biogra - $7.2 billion. It was listed as a publisher of Kairos, a journal built 182 restaurants in the New build on the legacy of his father, Art at Tufts University outside phies of some of Greek Amer - Fortune 500 company in 2004, which “seeks to embolden, edu - York Metro area. He said, “I sold the late James Tsunis, who to - Boston, and returned to ica’s most vital personalities in with sales exceeding $9.5 bil - cate and support pastors as they the majority of them to Greeks, gether with his cousin Charles Greece to obtain her MBA de - fields of business, media, arts lion. The company divested all strive to restore the national I financed all of them and I Tsunis, began with coffee shops, gree in Marketing. She started and culture, entertainment, but the air conditioning aspect moral conscience and prophetic never went to court for any rea - before carved out a name for her career as an executive in literature, and politics and is of its business in 2007, and re - voice of the Church”, which he son and I am saying this with a themselves by building the Bon - Marketing for Kraft Foods in available for ordering through named itself. views as essential to the refor - sense of pride.” In 1990 he split wit Inn on Long Island in 1971, Athens and then for the The National Herald at 718- Mr. Kampouris, now retired, mation of culture. In 2011 he is with his cousin, establishing his before investing in hotels and Athens 2004 Organizing Com - 784-5255 and has also served on the boards of launching a new Internet project own company called M. A. An - real estate. George Tsunis also mittee for the Olympic Games. [email protected] or Stanley Works, Alticor Inc., Click called Biblemesh, which will in - geliades. It specializes in federal oversees his family's real estate She went back to her love of [email protected] for $70, in - Commerce Inc., and the Smart - troduce the events and the char - jobs such as libraries, court and restaurant holdings which photography and to the U.S. cluding shipping and han - Disk Corporation. Stanley acters of the Bible in a very easy houses, and schools. It also has includes shopping centers, office to study at the International dling, for the first copy, and a Works, a manufacturer of tools and accessible way to combat done several New York Mass buildings in the Northeast. Center of Photography in New 20% discount for subsequent and hardware founded in 1843 Biblical illiteracy which, he says, Transit Authority reconstruction After studying at N.Y.U., Mr. York City. She lives in Athens. copies. that purchased giant Black & is at an all-time high. projects, including the $96 mil - Tsunis was trained as an attor -

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Continued from page 5 of their selfless service and sac - His involvement with the rifice. It’s imperative that we CMOH Society and Founda - coins from both living and de - keep a record of their stories. tion aside, Mr. Rangos’ patri - ceased Medal of Honor recipi - It’s vital to our country’s inter - otism and contributions to ents, and John Rangos received ests to keep future generations American society have not a full set of those coins, which informed about this,” he said. been lost on the country’s mil - is collectively invaluable be - “Freedom is not free. It itary establishment. He was cause it’s so rare. It’s only been comes at a great cost, and the invited to be the main speaker done three times (including Mr. blood of our heroes has paid for at the Reserve Officers Asso - Rangos),” he said. it on every continent. We must ciation’s national convention CHALLENGE COIN preserve our historical records in Pittsburgh a few years after TRADITION for succeeding generations. Peo - he received the Patriot Award. Challenge coins have become ple need to know why these Addressing the convention, a military tradition within the people received the Medal of Mr. Rangos sympathized with last couple of decades, accord - Honor, and what their contribu - the military establishment’s ing to Colonel Jack Jacobs (U.S. tions and sacrifices were. A plight with respect to the way Army, retired), the daytime mil - country’s greatness is measured the press typically portrayed itary and national security ana - by how much it honors, respects the Vietnam War. lyst for MSNBC who also re - and cherishes its heroes. If we “There was a lot of press ceived the Medal of Honor for fail to honor our heroes properly that was very critical of the directing air strikes on enemy – if we don’t keep a proper war in Vietnam in those days positions in Vietnam and saving archive about their actions and – and there’s still a lot of me - several allied lives in the achievements – this important dia hostility toward it – but I process, with complete disre - part of American history could think history will show that it gard for his own safety. be lost to future generations,” wasn’t a complete waste of The CMOH Society adopted he added. time. I told Gen. Westmore - the tradition of challenge coins, Mr. Rangos’ interest in the land, ‘I know the media is just which are considered very pres - CMOH Society evolved as a re - tearing you apart, General, tigious in military circles, Col. sult of contact with people like but I don’t think they fully un - Jacobs told the National Herald. (L-R) Medal of Honor Recipient Mike Thornton, John Gr. Rangos and Joe Foran, sponsor of the the late James Elliott Williams derstand the significance of The coins are personalized for Congressional Medal of Honor Society’s annual Patriot Award Gala, during the Society’s annual (1930-99), the most decorated this war. We didn’t go there outstanding service and extra - Patriot Award Gala last fall. Texas billionaire T. Boone Pickens was the 2010 honoree. sailor in U.S. Navy history; the to conquer any country. We ordinary courage, and create a late Captain Michael J. Estocin went there to stop commu - tangible link between a person which, in turn, are important to sustaining the ideals of service because of John Rangos, there (1931-67), a boyhood friend in nism from spreading all over who is in a command position getting its message out to the and sacrifice that are part of the wouldn’t be this curriculum, and Turtle Creek, Pennsylvania who the Pacific basin,’ ” he said. and someone who works under country and its citizens, partic - Society’s legacy would be a there wouldn’t be a Foundation received the Medal of Honor Mr. Rangos spoke to more that particular command. ularly our youth,” he said. much more difficult task,” he to help school districts develop posthumously for his actions in than 400 senior military offi - “It started sometime after I GENESIS AND SYNERGY said. this curriculum. Because of John Vietnam; and the late Gen. cers (mostly generals and ma - retired from the Army in 1987. “John Rangos is the genesis “The bottom line is, if it Rangos’ efforts to establish a vi - Westmoreland (1914-2005 – jors) that weekend. Several General officers would have of the Foundation, which has weren’t for John Rangos, there able foundation, teachers and though not a Medal of Honor generals asked him for a copy these special coins struck, and evolved to support a number of wouldn’t be a Medal of Honor school districts everywhere will recipient himself, Gen. West - of his speech afterwards, and they would carry the coins out programs at the Society’s behest Foundation, which does a lot be able to use it as a formula, moreland was commander of told him they felt his views onto the field. If they thought a to help people embrace the more now than merely support - and it’s actually going to spread American military operations in and patriotism ought to be deserving soldier was doing a ideals of courage, sacrifice and ing the activities of the Medal from state to state,” he said. Vietnam in 1964-68). presented at the U.S. Army particularly good job, they selflessness – all of which are of Honor Society and helping re - The synergy between the But the main backdrop of Mr. War College in Carlisle, Penn - would give him a coin as a mat - embodied in the Medal of Honor cipients go out there and give CMOH Foundation and other Rangos’ keen interest in preserv - sylvania. ter of recognition. That started – so that they can develop char - speeches from time to time,” he groups make these things possi - ing and perpetuating the Medal “After the Beijing Insur - to spread, and every unit now acter and be better citizens. added. ble, Col. Jacobs added, and that of Honor’s historical legacy is rection and the tearing down has its own unique challenge We’re downstream from that For example, Col. Jacobs synergy grew out of Mr. Rangos’ the towering figure of Elliott of the Berlin Wall, commu - coin. So the idea eventually point a little over ten years now, said, the CMOH Society has notion and vision to support the Williams, who received the nists finally understood that came up that Medal of Honor and people are getting on in helped develop a civics curricu - Medal of Honor Society. Medal of Honor for his actions America is going to keep re - recipients should have challenge years, so the Society wanted to lum in conjunction with the PRESERVING THE LEGACY on Vietnam’s Mekong River in sisting communism tena - coins, too, so each recipient has honor Mr. Rangos and thank school district in Erie, Pennsyl - Mr. Rangos himself said he 1966. His Medal of Honor cita - ciously. When a country gal - his own challenge coin,” said him for everything he’s done vania, which has already been felt very humbly honored when tion states that, “Under the lead - vanizes the way America did Col. Jacobs, who is also of over the years,” Gen. Kehoe adopted by the Pennsylvania he received the coin box a cou - ership of BM1 Williams, who against communism, that’s Greek-Jewish ancestry. added. State Senate as the archetype ple of months ago, and said the demonstrated unusual profes - when governments solidify Unlike other challenge coins, Col. Jacobs echoed and ex - for all 490-plus school districts gesture caught him by complete sional skill and indomitable themselves,” Mr. Rangos which are specific to entire panded upon Gen. Kehoe’s sen - in Pennsylvania (similar legisla - surprise. courage throughout the 3-hour pointed out. units, Col. Jacobs explained, timents, emphasizing that the tion is currently being consid - “I was very surprised that battle, the patrol accounted for “We had trouble in South each Medal of Honor recipient CMOH Foundation would not ered in California, Texas and Medal of Honor recipients also the destruction or loss of 65 en - Korea, the Philippines and Tai - has a challenge coin with a de - even exist without Mr. Rangos’ Florida). wanted to thank me the same emy boats, and inflicted numer - wan. Indonesia was once run sign that’s unique to him or her. staunch support. The proposed legislation, ini - weekend they were giving ous casualties on enemy person - by a communist leader “Medal of Honor recipients Mr. Rangos made it a top pri - tiated by the CMOH Society, has Boone Pickens the 2010 Patriot nel. His extraordinary heroism (Sukarno), and for various have a number of copies they ority to establish the Medal of been brought before several Award. I was just so touched by and exemplary fighting spirit in reasons, it flipped. Democracy can give out to whomsoever Honor Foundation, Col. Jacobs state legislatures though the that. It was a very emotional the face of grave risks inspired works better there now than they choose, and they hand explained. Mr. Rangos recog - support of the CMOH Founda - moment for me. I wasn’t expect - the efforts of his men to defeat it does in most predominantly them out to deserving individu - nized that, because no federal tion, with additional support ing it, at all, and I was honestly a larger enemy force, and are in Muslim countries today. Thai - als individually from time to funds were allocated to the from the General Electric Foun - just dumbfounded when they keeping with the finest tradi - land and even India were also time. They’re individually CMOH Society, the Medal of dation. did that. I felt so honored and tions of the U.S. Naval Service.” threatened by communism at struck, and John Rangos got one Honor’s message of courage, ser - “Texas and California are get - humbled that our heroes Williams, who also had an the time, so we accomplished from each of us. He got a col - vice and sacrifice, which are vi - ting ready to do the same thing. thought of me,” he told the Na - Arleigh Burke-class destroyer a great deal in Vietnam that lection of all of them. He re - tal to the country and its history, It’s all for teaching the things tional Herald with clear emotion named after him posthumously people don’t realize or have ceived coins not only from all would never reach the public in we should have learned about in his voice. in 2002, invited Mr. Rangos to forgotten, or otherwise never the living recipients, but also a substantive way. patriotism, civic responsibility, Asked why he has had such attend the 1986 Patriot Award had a chance to learn about from the families of all recipients “John Rangos is the man who service, sacrifice and commit - a keen interest in the CMOH So - Gala in Myrtle Beach, South Car - from a military perspective,” who were still alive when this founded the Medal of Honor ment that have not been taught ciety and Foundation, Mr. Ran - olina. he added. tradition of striking challenge Foundation, which can now as much as they should have gos emphasized his desire to “I knew all about the Medal Mr. Rangos’ patriotism, in - coins for Medal of Honor recip - carry the values of the Medal of been. This all sprang from John help preserve the Medal of of Honor, but I might never have tegrity and contributions to ients started, and have since Honor Society in perpetuity. If Rangos’ original idea,” Col. Ja - Honor’s legacy and keep the sto - known about the Medal of American society brought him passed away,” he said. it wasn’t for his vision to support cobs said. ries of recipients alive for suc - Honor Society if it wasn’t for El - additional attention from the Mr. Rangos received the coin Medal of Honor recipients, the “If it wasn’t for the Medal of ceeding generations. liott Williams. He invited me to country’s military establish - box because of what he has Foundation wouldn’t exist, and Honor Foundation, which exists The history of valor and pa - South Carolina when Gen. West - ment. Gen. James H. Doolitle done for the CMOH Society, ac - triotism that the CMOH Society moreland was honored with the (1896-1993), who received cording to Gen. Kehoe: He has endeavors to preserve for future Patriot Award,” Mr. Rangos said. the Medal of Honor for heroic concretely and consistently sup - generations is essentially the sto - “Elliott stayed with me in actions against the Japanese ported the Society’s public out - ries of the recipients themselves, Florida for a couple of days, and in Word War II, asked Mr. reach activities for which, in he told the Herald. he was genuinely distressed Rangos to march in the Desert many cases, recipients had re - “This isn’t just mythology. We about where the records on Storm Victory Parade in New ceived no compensation – or have real heroes who made a Medal of Honor recipients were York after operations were even had their expenses cov - real difference on the battlefield all being kept. He told me those successfully concluded in the ered. to help this country preserve records were scattered all over First Gulf War of 1991. While Congress chartered the freedom everywhere. There are the place, and said if that situa - Mr. Rangos initially de - CMOH Society to include all the so many stories that deserve to tion wasn’t corrected, then all clined the invitation to march living Medal of Honor recipi - be heralded for posterity, and the history behind the Medal of with the country’s military he - ents, he said, federal funding we must let the American peo - Honor wouldn’t be intact for roes, but Gen. Doolittle in - has never been appropriated for ple know how important that is. America’s future,” he said. sisted because he valued Mr. it. As a result, he explained, That’s why preserving our his - “Elliott pointed out that, Rangos’ dedication to environ - while the Society existed as a torical records for succeeding pretty soon, Medal of Honor re - mental management and in - chartered institution, it basically generations is imperative. Peo - cipients are all going to pass terest in preserving military functioned as a sort of club – ple need to know why these away, and no one is going to history, so Mr. Rangos re - until Mr. Rangos got involved. people received the Medal of know about the history behind lented. “There was a time when re - Honor, and what their contribu - the heavy price America paid for “It’s still too much for me cipients would be invited to tions and sacrifices were,” Mr. our freedom after these heroes to talk about. I really didn’t speak, and they would go – they Col. Jack H. Jacobs (U.S. Army, retired) aboard the USS Rangos said. are gone. And as I learned more feel I deserved to be there, but almost never say no – but they Theodore Roosevelt in December 2005. Jacobs received the “These men are real heroes. from Elliott, I naturally became Gen. Doolittle was very firm would pay for it out of their own Medal of Honor for his gallantry and actions in Vietnam. Cur - They are the stars and stripes more interested,” he said. about it, and in the end, I just pockets. That led John Rangos rently a military analyst for MSNBC News, he is also of Greek- on the American flag. If it wasn’t “When I learned that Medal couldn’t say no to him,” Mr. to help the Society start a Foun - Jewish heritage, and says the Congressional Medal of Honor for them, we wouldn’t be able of Honor recipients had to pay Rangos said. dation that would support the Foundation “wouldn’t exist” without the efforts of prominent to enjoy the freedom we enjoy their own expenses to attend Society’s activities and programs Greek American John G. Rangos, Sr. today. We have liberty because functions they were invited to, PETROPOLE Angelos on Fighting the Ins urance Ag ency Good Fight and Playing

Continued from page 2 John Angelos, handles another Providing major Orioles asset, the multi - even visited a racetrack in million Mid-Atlantic Sports Net - Quality Insurance Protection Athens and enjoyed it. work, which broadcasts Orioles and Washington Nationals at Reasonable Prices ON WINGS OF ORIOLES games and now has six million Closer to home, Mr. Angelos subscribers. Launched in 2005, for Over 48 Years admits that things haven’t been he says the network “is doing easy for the Baltimore Orioles, very well.” Mr. Angelos adds: who haven’t made it to the play - “There is a great interest in offs since 1997. He says: “It’s baseball and thousands of peo - PETROPOLE INSURANCE AGENCY been a tough stretch. It’s been ple tune in every night to watch tough for the team in the last the games of both teams.” 8601 4th Ave nue few years.” He attributes the He promises for the next sea - Eastern Division American son, referring to a certain New (corner of 86th Street) League team’s difficulties to a York team in his league, the fol - disparity in pay scales. He points lowing: “We’re going to give Brooklyn, NY 11209 out that the other two teams in them a run for their money this their division, from larger met - year. The team has been substan - ropolitan areas than Baltimore, tially improved. We’re looking the New York Yankees and forward to a very successful sea - Tel.: (718) 680-3777 Boston Red Sox, spend much son. You never know what can Fax: (718) 680-3700 more on fielding their teams. He happen, like all sports, luck plays

b compares the $160-$220 million a big role.” With a little luck on these competitors pay for their the field, the son of Karpathos players to the Orioles’ $80 -$90 may generate some good news a 1-800-273-4113 million, noting: “So what really for Orioles fans in 2011. 48 years of community service at your disposal is an athletic contest ultimately becomes a money contest.” [email protected] He points out that his son, THE NATIONAL HERALD, FEBRUARY 19, 2011 50 WEALTHIEST GREEKS IN AMERICA 19 it really bothered me. A lot of well as a number of Medal of or so. Everyone else is a little their lives when they’re facing a these heroes are just average Honor recipients, who constitute too old right now,” he said. critical situation – and it doesn’t Americans in the sense that they almost half the board member - “So if anyone is deserving of have to be in combat – we all can’t afford to fly all over the ship (to view the entire list of recognition by the Medal of have the ability to reach deep country; stay at hotels; and pay board members, visit the web at Honor Society – and by the na - down inside and find the their own way to make speeches www.CMOHfoundation.org). tion – it’s John Rangos. The courage we need to deal with others are asking them to Alex Rangos was very reti - Medal of Honor Foundation was something very difficult, or to make,” he said. cent about accepting or receiv - his idea,” Col. Jacobs added. think of others ahead of our - “Whenever a Medal of Honor ing any credit. He simply con - Gen. Kehoe agreed, stressing selves,” he said. recipient visits a school, he siders himself just one of many that Mr. Rangos’ commitment to “Those are the characteristics changes many young lives. With people involved, he said, noting enhancing the Medal of Honor’s that embody and are associated all of the sacrifices these heroes that in addition to the annual legacy is consistent with the hu - with the Medal of Honor, which have made, they can’t be ex - Patriot Award Gala each fall, the mility of recipients themselves, we all must cherish. Recipients pected to have to pay for their CMOH Society now enjoys sev - and is key to helping ordinary just happen to do it under the own expenses. I just couldn’t be - eral major fundraising events citizens realize that they, too, most extraordinary circum - lieve they had to pay their own annually, such as its Closing Bell can be heroes in their own ways. stances. Most of us don’t face way. That’s why I asked to at - & Circle of Honor Dinner each “John Rangos is a humble life-and-death circumstances tend the Society’s next general spring in New York at NYSE, un - man. He developed his passion like they did, where they meeting in Indianapolis. I told derscoring that the Stock Ex - for the Medal of Honor Founda - reached deep down inside and Elliott my solution, which I change has been very generous tion because of what these men found the ability to contend eventually brought before the to the Foundation over an ex - had done to fight for and pre - with incredible adversity to board,” he added. tended period of time. serve our freedoms, even though make a difference on the battle - Mr. Rangos’ solution was to Col. Jacobs said the Rangos the recipients themselves – who field,” he said. form the CMOH Foundation in family’s steadfast support has (L-R) Medal of Honor Recipient Mike Thornton, John G. Rangos are all very humble – would tell “But in principle, if you can order to help the CMOH Society been vital to the CMOH Society’s and Gen. Tommy Franks (U.S. Army), retired commander of the you they were just doing their get people to actually think perpetuate Medal of Honor re - continued existence and increas - United States Central Command, during the Congressional Medal job, and aren’t chasing any glory about things in those terms once cipients’ collective legacy. In that ing success. of Honor Society’s 2010 Patriot Award Gala in Dallas this past for themselves,” he said. in a while, they might realize regard, the John G. Rangos Sr. “The Medal of Honor Foun - October. Mr. Rangos received the prestigious award in 1991. “John Rangos’ tangible con - that, if recipients could do it un - Family Charitable Foundation dation has grown dramatically, cern was to help recipients der the most horrific of circum - has been a tremendous reservoir and it’s all because of their per - lofty notions of the Medal of a while. Statistically, except for make an impact on the Ameri - stances, others ought to be able of support for the CMOH Foun - severance and support. It is Honor in an environment where Sergeant Giunta, there won’t be can people’s consciousness, par - to deal with something less ad - dation. No one knows exactly what it is today: an organization we’re not going to have any any living Medal of Honor re - ticularly on our youth, so that verse. It just takes the courage how much funding the Rangos established to perpetuate the Medal of Honor recipients after cipients in another dozen years people realize at some point in to try,” Gen. Kehoe added. Foundation has provided the CMOH Foundation over the years – Mr. Rangos declined to million gift the Rangos Foundation disclose a specific amount – but Rangos, Past granted for the original Rangos Re - conservative estimates run in search Center in 1993, when Children’s the millions, and Rangos Foun - Hospital was still located in the Pitts - dation funds definitely helped and Present burgh suburb of Oakland. the CMOH Foundation become In September 2010, Children’s hon - more firmly established as a self- ored him for his longstanding devotion sustaining organization, partic - EARLY YEARS and dedication in helping CHP become ularly in its early years. Mr. Rangos is a decorated veteran of one of the world’s finest pediatric care Mr. Rangos also served as the the Korean War. Born in Steubenville, centers by mounting his portrait in its first chairman of the CMOH Ohio in the summer of 1929, he grew main reception area (the portrait was Foundation’s board of directors up during the Great Depression with his painted by Presidential portrait artist – CMOH Society members unan - mother Anna and maternal grandfather Benjamin McCready). That evening, Mr. imously elected him from the Costas Svokos, a sea captain from Chios, Rangos also announced that he was con - start – and he helped turn it into in northern West Virginia. Years after tributing another $1 million gift to the one of the most vibrant founda - her passing, Mr. Rangos still cites his hospital from his unitrust fund. tions in the country. mother as his source of strength and Through his charitable foundation, LIKE FATHER, LIKE SON beacon of faith. Mr. Rangos has also funded the Omni - Mr. Rangos noted that the Growing up, Mr. Rangos also spent max Theater at the Carnegie Science CMOH Foundation now boasts his summers with his father Constanti - Center, the Rangos-Massimo Trucco Di - one of the finest boards in the nos (Gus) in Fredericksburg, Virginia. abetes Laboratory at CHP, the Rangos country, replete with Fortune The Chios-born Gus Rangos left the is - School of Health & Sciences at 500 company leaders, and in - land as a young boy and grew up in Duquesne University, the Rangos Hall cludes his son Alex, who is him - Macedonia, where the Rangos family at Carnegie Mellon University, and the self a recipient of the CMOH So - has deep historical roots. He came to John G. Rangos Sr., right, with his son Alex and daughter Jenica. Mr. Rangos Rangos Family Foundation Building at ciety’s prestigious Distinguished this country in his mid-twenties, and founded the Congressional Medal of Honor Foundation to support the CMOH Saint Vladimir’s Orthodox Theological Citizen Award (received by New was a very successful restaurateur, who Society’s public outreach and activities. Following in his father’s footsteps, Seminary. York City Police Commissioner had eventually purchased the mansion Alex Rangos is a member of the CMOH Foundation’s board of directors. A dedicated member of the Orthodox Ray Kelly last year). once owned by Robert E. Lee, the great Church, Mr. Rangos is an Archon of the “One person alone can not Confederate Civil War general. Mr. Rangos is also deeply concerned with communism, he told the athletes. Ecumenical Patriarchate in Constantino - build an organization, and I’m As a child, Mr. Rangos was keenly about the function of government at all “I know this is a very difficult thing ple, and is the founding chairman and so happy that my son Alex fol - aware of changes sweeping through his levels. His active involvement in the po - for all of you to swallow right now – es - honorary lifetime president of Interna - lowed in my footsteps with the community, as the hardships of the De - litical arena led to lifelong friendships pecially after all your training and hard tional Orthodox Christian Charities, Medal of Honor Foundation. pression gave way to the difficulties of with luminaries like President John F. work – but our team shouldn’t go to which has become one of the most ef - There are three particular ways World War II. The men in his commu - Kennedy and the late Senator Hugh D. Moscow. It’s not because we want to fective humanitarian agencies in the a person can help – himself, his nity shipped off to war overseas, while Scott of Pennsylvania, regardless of can - dishonor the Russian people. It’s be - world. time and his financial resources the women worked at local factories to didates’ political affiliation or views. cause the Soviet Union needs a wakeup The Rangos Foundation has also – and Alex has offered all three support them, so from a young age, he Throughout the years, Mr. Rangos’ call, and we need to tell Russia that given millions to the Congressional of those,” Mr. Rangos said. took great pride in the collaboration and preferred candidates consistently turned enough is enough,” he said, citing the Medal of Honor Foundation, which sup - “I’m extremely proud of him sacrifice he witnessed firsthand among to him for counsel and support. He sup - 1936 Olympics in Germany as an ex - ports the CMOH Society’s activities and because he helped other leaders the citizenry. ported JFK’s successful bid for the Pres - ample. By participating in the Berlin public outreach, ensuring that the his - make the Medal of Honor Foun - As a young man, Mr. Rangos at - idency in 1960, working for the Games, he explained, America sent the torical legacy of America’s military he - dation a highly successful orga - tended the Houston School of Business. Kennedy Campaign in Pennsylvania, wrong signal to Hitler, who incited the roes is preserved in perpetuity for suc - nization. Alex proved to be a He interrupted his education to join the Maryland and West Virginia, and serv - Second World War just three years later. ceeding generations (see main story). major player during some criti - Active Air Force Reserves in Pittsburgh. ing as an advisor. He was a trusted ad - PHILANTHROPY Mr. Rangos supports, advises, and cal times,” he said. Declining a first lieutenant commission visor to his close friend, the legendary In recent years, Mr. Rangos has con - has been honored by a number of this “And once the country’s cor - in the Air Force Reserves (due to the Senator Scott, and served as an advisor centrated his efforts on philanthropy. country’s major charities and organiza - porate leaders became aware of six-year commitment it required), he to David Lawrence, mayor of Pittsburgh He currently heads the John G. Rangos tions, to include the Leukemia Society, the Medal of Honor Foundation opted for the Army, which he served du - in 1946-59 and governor of Pennsylva - Sr. Family Charitable Foundation, which the Juvenile Diabetes Association, the and its mission, they joined in tifully in 1951-54. nia in 1959-63. He was also a delegate has donated millions to help advance ALS Association (amyotrophic lateral and helped it achieve solid fi - During his military service, he at - for the State of Pennsylvania at the 1976 medical and scientific research at major sclerosis; a.k.a., “Lou Gehrig’s Disease”), nancial footing,” Mr. Rangos tended the U.S. Signal & Communica - Democratic National Convention in New institutions like Johns Hopkins, and the Boy Scouts of America. added. tions School at Fort Gordon in Augusta, York. Carnegie Mellon and Duquesne Univer - He has also been honored by many Among the 35 board mem - Georgia. After completing courses in ad - Mr. Rangos served as a delegate for sities, and Children’s Hospital of Pitts - of the Greek American community’s top bers serving on the CMOH Foun - vanced communications, he entered a the 1980 U.S. Olympic Team, which ul - burgh at the University of Pittsburgh organizations: e.g., AHEPA, Hellenic dation are Dick Grasso, former combat signal team in the Far East.3 timately did not participate because the Medical Center. American Chamber of Commerce, and chairman of the New York Stock Mr. Rangos returned to civilian life United States boycotted the Moscow In April 2008, Johns Hopkins inau - Society for the Preservation of Greek Exchange; W. Thomas with high honors, to include the Na - Olympics. In this position, Mr. Rangos gurated the John G. Rangos Sr. Life Sci - Heritage. Most recently, he was a grand Matthews, former president & tional Defense Medal, United Nations offered words of comfort to disap - ences Building, for which the Rangos marshal of the 2006 annual Greek Inde - CEO of Citi Smith Barney; Medal, Korean Campaign Medal, and a pointed American athletes, assuring Foundation has donated $13 million. In pendence Day Parade in New York, and Steven R. Loranger, chairman & Presidential Unit Citation from Presi - them that the U.S. boycott was neces - October 2008, CHP inaugurated the the American Hellenic Institute honored CEO of ITT Industries; Robert dent Truman and South Korean Presi - sary to offset Soviet aggression in new John G. Rangos Sr. Research Center him during its 34th annual Hellenic Her - Stevens, chairman & CEO of dent Syngman Rhee. Afghanistan at the time. Not participat - at UPMC in Lawrenceville, for which itage Achievement & National Public Lockheed Martin; and Brian POLITICS ing in the Moscow Games was a potent the Rangos Foundation has provided $8 Service Awards in March 2009 for his Williams, anchor and managing Highly patriotic from a young age, way to express American dissatisfaction million in grants, in addition to the $3 philanthropy and business success. editor of NBC Nightly News; as

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By Constantine S. Sirigos and soon became Chairman of pletion of an undergraduate lab out of this energy mess.” Dr. Dr. Vagelos says: “She is a ter - TNH Staff Writer the Board of the biopharmaceu - and the establishment of an en - Vagelos is also examining wind rific young artist.” The ample tical firm Regeneron, but his dowed professorship in the pro - energy, coal with sequestration windows of their Manhattan or creative and produc - philanthropic interests, which gram in molecular life sciences of carbon dioxide, growing corn apartment – they spend most of tive people, retirement he undertakes jointly with his at the University of Pennsylva - for ethanol, and the energy their time in their New Jersey doesn’t mean working vibrant wife Diana, dominate nia. value of cellulosic ethanol from home but they need to also be Fless, but rather, it allows his life now. They are both care - Dr. Vagelos’ exploration in - grasses. He recently consulted in their beloved Manhattan - af - them to work on the things they ful with their donations, devot - cludes scientific research. His with the president of the Na - ford spectacular views of Cen - love. The dynamic but relaxed ing much time to the explo - major current interests include tional Research Council to ob - tral Park, but the walls provide Dr. P. Roy Vagelos perfectly il - ration of opportunities to give. environmental issues and alter - tain more information. homes for their fine paintings lustrates that phenomenon. On In 2010 the couple gave $50 native sources of energy. At the The eternally curious Dr. and sculptures. the other hand, he never saw million for the Columbia Med - moment, he is looking into bio - Vagelos demonstrated that Dr. Vagelos also told TNH the his work as work. ical School Center for a new mass as an alternative energy when he thinks about how he story of his relationship with Re - He retired from pharmaceu - medical and graduate education source and wants to see “What and his wife can have an impact generon. The biopharmaceutical ticals leader Merck in 1995... building, and they saw the com - can be done to grow our way on the world, he does not view firm was founded in 1988 to it only through the perspective pursue neurological research, of a scientist. He stays in touch seeking drugs that would help with current events and their people suffering from degener - historic roots. Responding to ative neurological disorders. Dr. TNH’s question about the situa - Vagelos explained, “But despite tion in Egypt, he noted that by the extreme need, the science remaining dependant on oil, es - was not yet sufficiently ad - pecially its Middle East sources, vanced.” He would be instru - we had to support dictators like mental in leading them in other Hosni Mubarak. “We have been directions. Together with Regen - supporting a dictator that is eron founder and leading re - hated by the people. It’s a terri - search scientist, Greek American ble position for the U.S. to be in George Yankopoulos, Dr. Vage - and shows how weak our for - los moved the firm into new ar - eign policy is.” In a discussion eas that are now bearing fruit of possible successors, he ques - in the development of new tions the conventional wisdom Dr. Vagelos continues to be drugs for victims of eye disor - that the Moslem Brotherhood inspired by new research. ders such as age-related macular consists entirely of extremists. degeneration and the eye dam - Another major and ongoing all student loans and had ad - age from diabetes, certain can - project of the Vageloses is the mission on a “need blind” basis; cers, rheumatoid arthritis and plight of medical students, who now every student there who is high blood cholesterol. are graduating with debts aver - accepted gets just scholarships. Yankopoulos is both the aging $150,000. Some 16 per - The equally energetic and al - source of many of the ideas and cent of them have debt over truistic Mrs. Vagelos is working the driving force in the research $200,000. Dr. Vagelos is very principally at her alma mater work, playing a role very similar concerned with what that does Barnard. “That’s her love and to that of Dr. Vagelos when he to their ability to select the place that’s where she is concentrating joined Merck. He met where they would like to do her efforts,” Dr. Vagelos told Yankopoulos through friends of their life work. He wonders TNH. “She spends a great deal his, all Nobel laureates, who whether debts at that level will of time there, spending large served on the Regeneron board. allow people to choose to work parts of some days there.” When he was preparing to retire in pediatrics, or research or fam - Scholarships are also her main from Merck, they called Dr. ily medicine. The answer, he focus. He spoke with great pride Vagelos and asked if he would says, is no. He explains with about the building they helped be interested in joining the some agitation, his normally create, The Diana Center, which board. He said he wanted to subdued emotions rising to the is loved by faculty and students visit the company, which was level of his concern, “You have alike. It’s an art center that also quite small at the time, and talk to go into dermatology, neuro - unifies a number of campus fa - with the key people. He recalls: surgery, cardiac surgery or a cilities. The Diana, as it is called, “I was so taken by George as a specialty that does a lot of pro - is a “green” building that has scientific leader that I thought cedures,” which he notes “are won a Progressive Architecture it would be fun to interact with sometimes overdone.” Award, the AIA New York State him.” Dr. Vagelos has been He finds this situation to be "Award of Excellence" and the chairman of the Board since debilitating for the medical "Best in New York State" award. 1995. schools and it’s something he is Mrs. Vagelos is very happy Inspiring the next generation working on full scale at Colum - about it (she donated about one of scientists is a part of Dr. Vage - bia, which has special programs third of its cost). It is another los’ life. As we spoke he was to encourage people to con - example of making a difference preparing for a trip to Philadel - tribute to the endowment for in people’s lives. phia, where he would give a talk scholarships. He would like to Art is a great part of the to students about research, at - persuade them to adopt the pol - Vagelos family too. Mrs. Vagelos tempting to pass on a torch that icy of the University of Pennsyl - is an art collector and their burns very brightly indeed. vania, where, as he told TNH grand daughter, a college fresh - four years ago, they eliminated man, is “an artist in the bud.” [email protected]