David Walentas
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David Walentas
David Walentas (born 1938) is an American billionaire real estate developer. Early life and education Walentas was born in Rochester, New York. His father was of Lithuanian descent. When he was five, his postal worker father suffered a stroke in his 30s and was left paralyzed. His mother had to work two jobs, and David and his older brother Peter went to live on nearby farms, "milking cows and shoveling shit," as "an indentured orphan." He eventually went to the University of Virginia and received a bachelor's degree in mechanical engineering. He worked in Thule, Greenland as a laborer for a summer to pay off his student loans and then spent time traveling through Europe. After he returned to the U.S., he accepted a job with the Peace Corps but instead attended the University of Virginia Darden School of Business where he graduated in 1964. He then took a job with Singer Corporation where he worked in Japan and Australia. While in Asia, he met a schoolteacher from Rochester who ...
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Rochester, New York
Rochester () is a City (New York), city in the U.S. state of New York (state), New York, the county seat, seat of Monroe County, New York, Monroe County, and the fourth-most populous in the state after New York City, Buffalo, New York, Buffalo, and Yonkers, New York, Yonkers, with a population of 211,328 at the 2020 United States census. Located in Western New York, the city of Rochester forms the core of a larger Rochester metropolitan area, New York, metropolitan area with a population of 1 million people, across six counties. The city was one of the United States' first boomtowns, initially due to the fertile Genesee River Valley, which gave rise to numerous flour mills, and then as a manufacturing center, which spurred further rapid population growth. Rochester rose to prominence as the birthplace and home of some of America's most iconic companies, in particular Eastman Kodak, Xerox, and Bausch & Lomb (along with Wegmans, Gannett, Paychex, Western Union, French's, Cons ...
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Dumbo, Brooklyn
Dumbo (or DUMBO, short for Down Under the Manhattan Bridge Overpass) is a neighborhood in the New York City borough of Brooklyn. The area known as Dumbo used to be known as Gairville. It encompasses two sections: one located between the Manhattan and Brooklyn Bridges, which connect Brooklyn to Manhattan across the East River, and another that continues east from the Manhattan Bridge to the Vinegar Hill area. The neighborhood is bounded by Brooklyn Bridge Park to the north, the Brooklyn Bridge to the west, Brooklyn Heights to the south and Vinegar Hill to the east. Dumbo is part of Brooklyn Community Board 2. The area was originally a ferry landing, characterized by 19th- and early 20th-century industrial and warehouse buildings, Belgian block streets, and its location on the East River by the imposing anchorage of the Manhattan Bridge. The entirety of Dumbo was bought by developer David Walentas and his company Two Trees Management in the late 20th century, and remade into an ...
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Quartz (publication)
''Quartz'' is an online news platform in English. It is focused on international business news. Quartz is privately held and was established in New York City in 2012. It is published in the United States with global business news and has specific publications for Africa, Hong Kong, India, Japan, and the United Arab Emirates. Audience and revenue ''Quartz'' targets high-earning readers, calling itself a "digitally native news outlet for business people in the new global economy". Sixty percent of its readers access the site via mobile devices. In August 2017, ''Quartz''s website saw about 22 million unique visitors. Approximately 700,000 people subscribe to its roster of email newsletters, which includes its flagship ''Daily Brief''. According to ''Ad Age'', ''Quartz'' made around $30 million in revenue in 2016, and employed 175 people. In 2017, revenue decreased to $27.6 million as advertising shrank. Uzabase (Japanese: ユーザベース) purchased the organization for $8 ...
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Brooklyn
Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, behind New York County (Manhattan). Brooklyn is also New York City's most populous borough,2010 Gazetteer for New York State
. Retrieved September 18, 2016.
with 2,736,074 residents in 2020. Named after the Dutch village of Breukelen, Brooklyn is located on the w ...
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New York Magazine
''New York'' is an American biweekly magazine concerned with life, culture, politics, and style generally, and with a particular emphasis on New York City. Founded by Milton Glaser and Clay Felker in 1968 as a competitor to ''The New Yorker'', it was brasher and less polite, and established itself as a cradle of New Journalism. Over time, it became more national in scope, publishing many noteworthy articles on American culture by writers such as Tom Wolfe, Jimmy Breslin, Nora Ephron, John Heilemann, Frank Rich, and Rebecca Traister. In its 21st-century incarnation under editor-in-chief Adam Moss, "The nation's best and most-imitated city magazine is often not about the city—at least not in the overcrowded, traffic-clogged, Boroughs of New York City, five-boroughs sense", wrote then-''Washington Post'' media critic Howard Kurtz, as the magazine increasingly published political and cultural stories of national significance. Since its redesign and relaunch in 2004, the magazine ...
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Williamsburg, Brooklyn
Williamsburg is a Neighborhoods in Brooklyn, neighborhood in the New York City borough (New York City), borough of Brooklyn, bordered by Greenpoint, Brooklyn, Greenpoint to the north; Bedford–Stuyvesant, Brooklyn, Bedford–Stuyvesant to the south; Bushwick, Brooklyn, Bushwick and East Williamsburg, Brooklyn, East Williamsburg to the east; and the East River to the west. As of the 2020 United States census, the neighborhood's population is 151,308. Since the late 1990s, Williamsburg has undergone significant gentrification characterized by a contemporary art scene, Hipster (contemporary subculture), hipster culture, and vibrant nightlife that has projected its image internationally as a "Little Berlin". During the early 2000s, the neighborhood became a center for indie rock and electroclash. Numerous ethnic groups inhabit New York City ethnic enclaves, enclaves within the neighborhood, including Italian Americans, Italians, American Jews, Jews, Hispanic and Latino Americans, Hi ...
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Domino Sugar Refinery
The Domino Sugar Refinery is a mixed-use development and former sugar refinery in the neighborhood of Williamsburg in Brooklyn, New York City, along the East River. When active as a refinery, it was operated by the Havemeyer family's American Sugar Refining Company, which produced Domino brand sugar and was one of several sugar factories on the East River in northern Brooklyn. The family's first refinery in Williamsburg opened in 1856 and was operated by Frederick C. Havemeyer Jr., the son of American Sugar's founder. After a fire destroyed the original structures, the current complex was built in 1882 by Theodore A. Havemeyer, Thomas Winslow, and J. E. James. The American Sugar Refining Company grew to control most of the sugar industry in the United States by the late 19th century, with the Brooklyn refinery as its largest plant. Many different types of sugar were refined at the facility, and it employed up to 4,500 workers at its peak in 1919. Demand started to decline i ...
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HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ...
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Mario Cuomo
Mario Matthew Cuomo (, ; June 15, 1932 – January 1, 2015) was an American lawyer and politician who served as the 52nd governor of New York for three terms, from 1983 to 1994. A member of the Democratic Party, Cuomo previously served as the lieutenant governor of New York from 1979 to 1982 and the secretary of State of New York from 1975 to 1978. He was the father of former New York governor Andrew Cuomo and former CNN news anchor Christopher Cuomo. Cuomo was known for his liberal views and public speeches, particularly his keynote speech address at the 1984 Democratic National Convention in which he sharply criticized the policies of the Reagan administration, saying, "Mr. President, you ought to know that this nation is more a ''Tale of Two Cities'' than it is just a shining ' city on a hill.'" He was widely considered a potential front-runner for the Democratic nomination for president in both 1988 and 1992, though he declined to seek the nomination in both instances. ...
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American Express
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company's logo, adopted in 1958, is a gladiator or centurion whose image appears on the company's well-known traveler's cheques, charge cards, and credit cards. During the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By 2008 neither the Shearson nor the Lehman name existed. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. , the company had 121.7million cards in force, includ ...
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Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill (company), Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, Stock, equity, Bond (finance), fixed-income and Derivative (finance), derivatives sales and stock trading, trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehm ...
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Lewis Glucksman
Lewis L. Glucksman (December 22, 1925 – July 5, 2006) was a former Lehman Brothers trader and former chief executive officer and chairman of Lehman Brothers, Kuhn, Loeb Inc. Early life and education Glucksman was born into a second generation Hungarian Jewish family that lived on the Upper West Side of Manhattan, New York City. He served as a teenage volunteer with the US Navy in World War II. Glucksman graduated from the College of William and Mary and later earned a Master's degree in business administration from New York University. The National University of Ireland granted him an honorary Ph.D. in 2002. Career Glucksman had a distinguished career on Wall Street. He joined the staff of privately held Lehman Brothers in 1963. After rising from head of sales and trading at Lehman to co-CEO, Glucksman, described then as "gruff and tough" beat Pete Peterson, a former United States Secretary of Commerce for control of the then-closely held firm in 1983, a battle documented ...
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