Michael D. Fascitelli (born c. 1957) is an American businessman. He is a member of the

Vornado Realty Trust Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the ...

board of trustees and former CEO and president of the company before stepping down from day-to-day responsibilities on February 26, 2013. He is a co-owner of the

Milwaukee Bucks The Milwaukee Bucks are an American professional basketball team based in Milwaukee. The Bucks compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division. The team was founded in 1968 ...

, and in 2017 founded a $500 million SPAC, Landscape Acquisitions, with

Noam Gottesman Noam Gottesman (born May 1961) is a New York City-based, British-American businessman, former hedge fund manager, and co-founder of GLG Partners. He later entered the restaurant industry, investing in establishments including Eleven Madison Par ...

where they both serve as co-chairman. Since stepping back from day-to-day responsibilities at Vornado, Fascitelli has formed MDF Capital, a family-office investment firm, Landscape Acquisitions, a hospitality and real estate focused SPAC, and Imperial Companies. He serves on the board of

real estate technology Property technology (also known as proptech, PropTech, prop-tech, and real estate technology) is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financ ...

startup Cadre.

Education

Fascitelli is a member of the Class of 1978 of the

University of Rhode Island The University of Rhode Island (URI) is a public land-grant research university with its main campus in Kingston, Rhode Island, United States. It is the flagship public research as well as the land-grant university of the state of Rhode Isla ...

where he received his B.S. in Industrial Engineering, Summa Cum Laude. He also received his MBA in 1982 with high distinction from the Harvard Business School. In May 2008, he received his Doctor of Laws from the University of Rhode Island.

Career

After graduating from URI, Fascitelli joined the

Bristol-Myers Squibb The Bristol Myers Squibb Company (BMS) is an American multinational pharmaceutical company. Headquartered in New York City, BMS is one of the world's largest pharmaceutical companies and consistently ranks on the ''Fortune'' 500 list of the lar ...

in 1978 as an engineer and manufacturing supervisor. Subsequent to graduating from Harvard Business School in 1982, Fascitelli joined McKinsey & Company, a management-consulting firm. In 1985, he joined Goldman, Sachs & Co. in the Real Estate Department. He became partner in 1992 and was head of the real estate investment banking business. He also served on the Investment Committee for the Real Estate Funds. In December 1996, he became President of Vornado Realty Trust. He subsequently became Chief Executive Officer of Vornado in May 2009. During Fascitelli's 16-year tenure at Vornado (four as CEO), the company expanded and made several acquisitions, including buying

Merchandise Mart The Merchandise Mart (or the Merch Mart, or the Mart) is a commercial building located in downtown Chicago, Illinois. When it was opened in 1930, it was the largest building in the world, with of floor space. The Art Deco structure is locate ...

building in Chicago and numerous office buildings surrounding Madison Square Garden in Manhattan. Under Fascitelli, Vornado also developed the

Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 1 ...

headquarters in Manhattan. In 2012, Fascitelli was the 3rd highest paid CEO in the country earning $64.4 million. Fascitelli also currently serves as the Head of the Investment Committee for the

startup, Cadre, in which he was an angel investor. The company was founded by Jared and Josh Kushner, along with CEO Ryan Williams and has been backed by George Soros, Jack Ma, Peter Thiel and other high-profile investors. Fascitelli is a Trustee and Director of the

Urban Land Institute The Urban Land Institute, or ULI, is a nonprofit research and education organization with regional offices in Washington, D.C., Hong Kong, and London. ULI advocates progressive development, conducting research, and education in topics such as ...

. He is past Chairman of the Wharton Real Estate Center and still serves on the Executive Committee. He serves on the board of the Child Mind Institute,

The Rockefeller University The Rockefeller University is a private biomedical research and graduate-only university in New York City, New York. It focuses primarily on the biological and medical sciences and provides doctoral and postdoctoral education. It is classified ...

Board of Trustees, the

Port Authority of New York and New Jersey The Port Authority of New York and New Jersey, PANYNJ; stylized, in logo since 2020, as Port Authority NY NJ, is a joint venture between the U.S. states of New York and New Jersey, established in 1921 through an interstate compact authorize ...

, Cadre, Harvard Business School, and St. Bernard's board of trustees. He is an officer and a member of the Executive Board for the National Association of Real Estate Investment Trusts. Fascitelli also serves on the Real Estate Round Table Board of Directors. Additionally, he serves on both the Harvard Business School Board of Overseers and the URI Foundation Board. In 2015, Fascitelli was nominated by Governor

Andrew Cuomo Andrew Mark Cuomo ( ; ; born December 6, 1957) is an American lawyer and politician who served as the 56th governor of New York from 2011 to 2021. A member of the Democratic Party, he was elected to the same position that his father, Mario Cu ...

to serve a six-year term on the Board of Commissioners of the Port Authority of New York and New Jersey.

Charitable work and political contributions

Fascitelli was the recipient of the 2012 Child Advocacy Award for his transformative philanthropic contributions to the cause of children's mental health and the establishment of the Child Mind Institute. From the Greater New York Councils Boy Scouts of America he received the

Good Scout Award Advancement and recognition in the Boy Scouts of America is a tradition dating from the inception of the Scouting movement. A fundamental purpose of advancement is the self-confidence a young man or woman acquires from his participation in Scouti ...

and the James E. West Fellowship Award in 1997 and he received the

Silver Beaver Award The Silver Beaver Award is the council-level distinguished service award of the Boy Scouts of America. Upon nomination by their local Scout council and with the approval of the National Court of Honor, recipients of this award are registered adu ...

in 2003. Fascitelli was one of the recipients of CPE's Executive of the Year award in November 2012. He was also the recipient of the Best Present Award in January 2013. In 2008, he received the Business Statesman of the Year award from The Harvard Business School Club of New York. Fascitelli is a large donor to Republican campaigns. In 2016, he fundraised and gave thousands to

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...

Personal life

Fascitelli is married to Elizabeth Fascitelli (née Cogan), a partner at Goldman Sachs, and has three sons Nick, 24, Matthew, 23, and Jack, 20.

References

{{DEFAULTSORT:Fascitelli, Michael F. American chief executives University of Rhode Island alumni Living people Harvard Business School alumni Year of birth missing (living people)