Monday, 30 March 2015
Last updated 2 days ago
Feb 1 2012 | 2:34am ET
What's a guy got to do to get some Congressional thanks? More than give a New York theater company $25 million, apparently.
At yesterday's grand opening of the Pershing Square Signature Theatre on 42nd Street, Rep. Jerry Nadler (D-N.Y.), whose district encompasses the Frank Gehry-designed theater complex, made sure to thank those who helped make it a reality. He offered gratitude to Mayor Michael Bloomberg and City Council Speaker Christine Quinn and actor Ed Norton. But he forgot to mention the man Norton convinced to make the Signature Theatre the Pershing Square Signature Theatre—Pershing Square Capital Management founder William Ackman.
The charitable arm of Ackman's hedge fund gave the center $25 million to keep tickets at the Signature affordable for the next 20 years.
A Nadler spokesman told the New York Post that the congressman's omission was an "oversight" and that "he has nothing against the guy. He's very thankful and appreciative."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…