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Eli Broad
Eli Broad ( ; June 6, 1933April 30, 2021) was an American businessman and philanthropist. In June 2019, ''Forbes'' ranked him as the 233rd-wealthiest person in the world and the 78th-wealthiest in the United States, with an estimated net worth of $6.7 billion. He was known for his philanthropic commitment to transforming public K–12 education to a charter school model, scientific and medical research, and the visual and performing arts. Early life Broad was born on June 6, 1933, in the Bronx, New York City, the son of Rebecca (Jacobson) and Leo Broad, Lithuanian Jewish immigrants who met in New York. His father worked as a house painter, and his mother as a dressmaker. His family moved to Detroit, Michigan, when he was six years old. In Detroit, his father was a union organizer and owned five-and-dime stores. Broad attended Detroit Public Schools and graduated from Detroit Central High School in 1951. Broad attended Michigan State University, majoring in accounting with ...
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The Broad
The Broad () is a contemporary art museum on Grand Avenue (Los Angeles), Grand Avenue in Downtown Los Angeles. The museum is named for philanthropists Eli Broad, Eli and Edythe Broad, who financed the $140 million building that houses the Broad art collections. It offers free general admission to its permanent collection galleries. However, not all of its events are free and admission prices may vary by exhibit and/or by event. It opened on September 20, 2015. History Since 2008, Eli and Edythe Broad and the Broad Art Foundation had been considering different sites for a museum for the art collection. In November 2008, the news surfaced that Eli Broad had approached Beverly Hills about building his museum at the southeast corner of Wilshire Boulevard and Santa Monica Boulevard. In January 2010, he revealed that he was considering a 10-acre parcel on the campus of West Los Angeles College just outside Culver City. Meanwhile, in March 2010, the Santa Monica City Council approved a ...
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The New Yorker
''The New Yorker'' is an American magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. It was founded on February 21, 1925, by Harold Ross and his wife Jane Grant, a reporter for ''The New York Times''. Together with entrepreneur Raoul H. Fleischmann, they established the F-R Publishing Company and set up the magazine's first office in Manhattan. Ross remained the editor until his death in 1951, shaping the magazine's editorial tone and standards. ''The New Yorker''s fact-checking operation is widely recognized among journalists as one of its strengths. Although its reviews and events listings often focused on the Culture of New York City, cultural life of New York City, ''The New Yorker'' gained a reputation for publishing serious essays, long-form journalism, well-regarded fiction, and humor for a national and international audience, including work by writers such as Truman Capote, Vladimir Nabokov, and Alice Munro. In the late ...
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KB Home
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California. The company has built 600,000 homes since its founding. It builds homes primarily for first-time home buyers. History 1956–2007 KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad.Los Angeles Magazine: "A Little Thing Called Power - He has more pull than the mayor, more art than the Getty, and more money than God. Does Eli Broad own LA?" by Ed Leibowitz
June 2003
Their first venture together ...
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Phoenix, Arizona
Phoenix ( ) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona. With over 1.6 million residents at the 2020 census, it is the List of United States cities by population, fifth-most populous city in the United States and the List of capitals in the United States, most populous state capital in the country. Phoenix is the most populous city of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley and Arizona Sun Corridor. The metro area is the Metropolitan statistical area, 10th-largest by population in the United States with approximately 4.95 million people , making it the most populous in the Southwestern United States. Phoenix, the seat of Maricopa County, Arizona, Maricopa County, is the largest city by population and area in Arizona, with an area of , and is also the List of United States cities by ...
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Mortgage
A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "collateral (finance), secured" on the borrower's property through a process known as mortgage origination. This means that a Mortgage law, legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Legal professions in England and Wales, Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken throu ...
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Donald Bruce Kaufman
Donald Bruce Kaufman (1922 – 1983) was an American home builder and entrepreneur who with Eli Broad co-founded Kaufman & Broad, now known as KB Home (NYSE: KBH), in 1957. Early life Donald Bruce Kaufman was born in Detroit, Michigan in 1922, the third child of immigrant parents from Russia. His father was a finish carpenter and his mother was ill most of her life with tuberculosis. Donald was moved around to live with different family members most of his young life. Career At the end of World War II he joined the Air Force and became a cadet. Though he never saw action, he did learn to fly an airplane. After his service, he gathered some of his friends and started a business framing houses in Detroit. He later started a contracting company he called ABCO, named so as it would be the first company listed under contractors in the telephone book. The business received a lot of work after the Korean war, with men returning to the States and needing homes for their growing famili ...
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Detroit Institute Of Technology
The Detroit Institute of Technology was a private four-year technical college in Detroit, Michigan that closed operations in 1981. History First called the Association Institute, the private school was founded in 1891 as a YMCA evening school and later developed into a private engineering and science college, formalizing its evening adult education program. It undertook several name changes in the early 20th century, using the name Detroit Technical Institute by 1908 and changing it again to Detroit Institute of Technology in 1918. By 1920 it had six schools in operation. Out of these, four offered undergraduate degrees: The College of Law offered a four-year program. The College of Pharmacy was added in 1907 after separating from the School of Medicine. The College of Commerce offered four-year programs in accounting, marketing, management, finance, and production. The School of Engineering had electrical, mechanical, chemical, automotive, and machine trade programs leadin ...
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Certified Public Accountant
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or who have requested conversion to inactive status are in many states permitte ...
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United Auto Workers
The United Auto Workers (UAW), fully named International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, is an American labor union that represents workers in the United States (including Puerto Rico) and southern Ontario, Canada. It was founded as part of the Congress of Industrial Organizations (CIO) in the 1930s and grew rapidly from 1936 to the 1950s. The trade union, union played a major role in the liberal wing of the Democratic Party under the leadership of Walter Reuther (president 1946–1970). It was known for gaining high wages and pensions for Automobile industry, automotive manufacturing workers, but it was unable to unionize auto plants built by foreign-based car makers in the South after the 1970s, and it went into a steady decline in membership; reasons for this included increased automation, decreased use of labor, mismanagement, movements of manufacturing (including reaction to NAFTA), and increased globalization. After a succ ...
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Packard
Packard (formerly the Packard Motor Car Company) was an American luxury automobile company located in Detroit, Michigan. The first Packard automobiles were produced in 1899, and the last Packards were built in South Bend, Indiana, in 1958. One of the "Three Ps" – alongside Peerless Motor Company and Pierce-Arrow – the company was known for building high-quality luxury automobiles before World War II. Owning a Packard was considered prestigious, and surviving examples are often found in museums and automobile collections. Packard vehicles featured innovations, including the modern steering wheel, air-conditioning in a passenger car, and one of the first production 12-cylinder engines, adapted from developing the Liberty L-12 engine used during World War I to power warplanes. During World War II, Packard produced 55,523 units of the two-stage/two-speed supercharger equipped Merlin V-12s engines under contract with Rolls-Royce. Packard also made the versions of the Li ...
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Drill Press
A drill press is a Drill, drilling machine suitable for quick and easy drilling of straight holes, Countersink, countersinking or Counterbore, counterboring that are perpendicular to both directions of a table surface. In comparison, it is more difficult and less repeatable to drill perpendicularly with a hand-held drill. Two common variants are the benchtop drill press for mounting to a workbench and the larger floor-standing drill press for mounting to the floor, and they should preferable be securely mounted to prevent them from tipping over. A special variant is the magnetic drilling machine, which is a mobile drilling machine intended to be magnetically clamped during use, and is used to some extent for field repairs and production in industry. Drill presses can be divided into two main types depending on their construction: * Column drill press is a common type characterized by the fact that the drill spindle can be moved up and down Axis of rotation, axially ("along a colu ...
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Garbage Disposal
A garbage disposal unit (also known as a waste disposal unit, food waste disposer (FWD), in-sink macerator, garbage disposer, or garburator) is a device, usually electrically powered, installed under a kitchen sink between the sink's drain and the trap. The device shreds food waste into pieces small enough—generally less than in diameter—to pass through plumbing. History The garbage disposal unit was invented in 1927 by John W. Hammes, an architect working in Racine, Wisconsin. He applied for a patent in 1933 that was issued in 1935. His InSinkErator company put his disposer on the market in 1940. Hammes' claim is disputed, as General Electric introduced a garbage disposal unit in 1935, known as the Disposall. In many cities in the United States in the 1930s and the 1940s, the municipal sewage system had regulations prohibiting placing food waste (garbage) into the system. InSinkErator spent considerable effort, and was highly successful in convincing many localiti ...
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