• News

    He’s Too Modest To Ask, But “John Paulson’s Bethesda Fountain” Does Have A Nice Ring To It

    As does “John Paulson’s Central Park.” Or simply: “Paulson Park.” Or, at the very least, some kind of life-size bronze statue, possibly inspired by his most famous photo-shoot. He’d never explicitly ask for it, so let’s make something happen. 1) Because he’s been really quite generous and 2) This year’s been tough. We all need our pick-me-ups.

    At a news conference at Bethesda Fountain in Central Park on Tuesday morning, Mayor Michael R. Bloomberg and the Central Park Conservancy announced that John A. Paulson, the hedge fund billionaire, along with the Paulson Family Foundation were giving $100 million to the Central Park Conservancy. It is believed to be the largest gift ever to a public park, more than doubling the $40 million given this year to build a cycling track in Brooklyn Bridge Park. Mr. Paulson, a lifelong New Yorker, said that as an infant he was pushed around in a baby carriage in the park and that he later remembered going to Bethesda Fountain as a teenager and seeing it covered in graffiti, with no water flowing. When asked at the news conference what prompted the gift, Mr. Paulson said: “Walking through the park in different seasons, it kept coming back that in my mind Central Park is the most deserving of all of New York’s cultural institutions. And I wanted the amount to make a difference. The park is very large, and its endowment is relatively small.” The park’s current endowment stands at $144 million. Half of Mr. Paulson’s gift will go to the endowment, while the other half will be used for capital improvements. Mr. Paulson mentioned two that he considered important: Restoring the park’s North Woods, and sprucing up the Merchant’s Gate entrance at the park’s southwest corner, the most heavily used entrance.

    Hedge Fund Manager Donates $100 Million For Central Park [NYT]

    / Oct 23, 2012 at 2:39 PM
  • News

    Not Everyone On Wall Street Has Spurned Obama

    He’s kissed the warm embrace of Dan Loeb, Steve Cohen, Ken Griffin et al good-bye but some financiers are still showing Mr. President the love. According the Journal, former Goldman CEO (and New Jersey governor) Jon Corzine will be hosting a dinner for 60 tonight at his home tonight where Obama will speak, before heading […]

    / Apr 27, 2011 at 9:47 AM
  • News

    James Gorman Invites Morgan Stanley Employees To Help Educate, Elect Politicians Who Support The Bank’s Business Objectives

    Email to all staff from the Morgan Stanley CEO sent today: By law corporations cannot contribute directly to candidates for federal office. However, we are permitted to maintain a political action committee, MSPAC, which pools together employee contributions to support candidates. By banding together to participate in the political process, we can educate lawmakers as […]

    / Mar 3, 2011 at 1:12 PM
  • Communiqués, News

    Investment Manager Demands UConn Refund His $3 Million Donation After Athletic Director Fails To Defer To Him On Hiring Decisions

    Robert G. Burton is the chairman and CEO of Greenwich-based Burton Capital Management. Over the years he’s donated more than $7 million to the school’s football program, including a $2.5 million gift for the Burton Family Football Complex. Now Burton wants that money back and his name taken off the building. He’s extremely miffed and […]

    / Jan 25, 2011 at 2:10 PM
  • News

    Jim Simons Might Have $150 Mill To Offer SUNY Stoney Brook Or He Might Not

    You want it, Albany? You know what you have to do. Otherwise Long Island gets its first tobacco farm.

    / Jul 12, 2010 at 5:01 PM
  • News

    Area Woman Not Impressed By Lloyd Blankfein’s Latest Charitable Donations

    The Lloyd and Laura Blankfein Foundation gave $1.7 million to charity last year (up from $1.3 million in 2009). Some of these monetary gifts went to “Dorot, a New York nonprofit that aids the elderly, the Animal Rescue Fund of the Hamptons and New York Cares, which mobilizes volunteers to help the city’s disadvantaged,” while […]

    / Jul 7, 2010 at 12:48 PM
  • News

    Return on Investment

    Republican presidential candidate John McCain screwed himself out of some potential donors/voters today when he said that the “greedy behavior” of Wall Street investors is somewhat to blame for what might be an economic recession that we might be in right now. Know who’s still down with the Street Urchins? Barack Obama. DealBook notes that […]

    / Apr 14, 2008 at 4:20 PM

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