Muckety

Stories in Philanthropy

Wexner’s prize, Victoria’s Secret

By Ali Jones

January 27, 2008 at 12:00pm

While visiting his West Coast Limited stores in the late 1970s, Leslie Wexner was intrigued by a shop that sold women’s underwear. It was called Victoria’s Secret.

It was brothel Victorian, he once said in an interview. Not erotic, but very sexy.

Wexner, who left his family’s general clothing store to specialize in women’s casual wear, saw the possibilities. He bought the store and catalog in 1982 for $1 million.

Larry Brilliant takes on a $2B challenge at Google.org

By A. James Memmott

January 20, 2008 at 7:38am

Do a Google search for Dr. Larry Brilliant and you’ll get links to the worlds of medicine, technology, music and religion.

Prominent, too, is a link to Google Inc. itself, as Brilliant, 63, is now the executive director of Google.org, the Internet company’s philanthropic arm.

Andre Agassi Foundation names Miller CEO

By Ali Jones

January 16, 2008 at 11:36pm
Andre Agassi
Andre Agassi

Hey, bowling fans, ever wondered whom to thank for ESPN’s coverage of your once-neglected sport? That’s Steve Miller, who, while president and CEO of the Professional Bowlers Association, negotiated two exclusive television deals with the network.

This week, Miller was named to the newly created post of chief executive officer of the Andre Agassi Charitable Foundation, which is trying to become national in scope.

The charity work of Bear Stearns’ Alan Schwartz

By Gary Jacobson

January 9, 2008 at 11:44pm

Alan Schwartz’s predecessor as CEO of Bear Stearns spent too much time on the golf course and at the bridge table, critics say.

That shouldn’t be the case for Schwartz, named to the top spot this week. Besides his demanding job, Schwartz is very involved in philanthropy and community affairs.

Bill Gates yuks it up at CES 2008

By Emily Morgan

January 8, 2008 at 2:30pm

Who knew Bill Gates could be funny?

In his “last day” video shown at the Consumer Electronics Show Sunday, Gates debuted his comedic side, with the help of some famous friends.

In the video, Gates goes over the opportunities he could possibly pursue after leaving Microsoft full-time. He pumps iron with Matthew McConaughey, raps with Jay-Z, and offers his Guitar Hero skills to U2’s frontman, Bono. After trying to negotiate a biopic with Steven Spielberg and George Clooney, Gates offers his services as a running mate to both Hillary Clinton and Barack Obama.

Directors stay the course at Washington Mutual

By Gary Jacobson

December 29, 2007 at 8:53am

Difficult times for a company mean difficult times for its board of directors.

And these certainly are difficult times for Washington Mutual, the nation’s largest savings and loan.

Because of losses related to subprime mortgage lending, the Seattle-based firm has closed operations, cut jobs, slashed its dividend, and watched the price of its stock plummet to its lowest level in more than 11 years, closing Friday at $13.07.

Agassi & Graf: A new business empire

By Ali Jones

November 24, 2007 at 4:35pm

“Image is everything,” a shaggy-haired Andre Agassi proclaimed as he hawked Canon cameras as a teenager.

Over the next 20 years, the tennis superstar traded handsomely on his world-famous name and image, earning an estimated $200 million through deals with Nike, Adidas, Head, Genworth Financial, Aramis and American Express, among others.

Heinz Prechter leaves a legacy

By Laurie Bennett

November 7, 2007 at 10:28am

During life, Heinz Prechter was a powerful force in industry and politics.

He got his start in the 1960s, by installing car sunroofs, a feature common in his home country of Germany, but relatively unheard of then in the U.S. Prechter built the operation into a global automotive company, ASC Inc.

At the same time, he assumed enormous influence in Republican politics, co-chairing the national finance committee for President George H.W. Bush’s 1992 re-election and bringing early support to George W. Bush’s first presidential run.

Yet his public image was very much at odds with his private torments. Prechter suffered from manic depression, or bipolar disorder, but had kept his illness secret.

Princeton, donors’ family battle over $880 million

By Laurie Bennett

October 28, 2007 at 8:41am

In 1961, A&P supermarket heir Marie Robertson and her husband, Charles, gave $35 million in stock to Princeton University for its Woodrow Wilson School of Public and International Affairs.

Today, the gift is worth more than $880 million.

But the university and the descendants of the couple have spent millions in legal costs in a years-long fight over how the money should be used.


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