Thursday, 31 July 2014
Last updated 17 hours 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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…