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Tag: Clarence Thomas
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50 Cent-Kanye and other feuds ignite Grammys
William Cunningham’s business connections
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.PUT THIS MAP ON YOUR BLOGPutting a MuckeyMap on your web site is easy.
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Click here for help putting maps on your site.Barkin and Perelman continue their quarrel
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.The battles between Revlon billionaire Ronald Perelman and ex-wife Ellen Barkin didn’t stop with divorce court.
Despite a divorce settlement in the tens of millions (estimates range from $20 million to $60 million), Barkin sued Perelman in August for $3.4 million. Last week, Perelman sued her right back.
Barkin’s suit had accused Perelman of withholding money he promised to invest in her film company, Applehead Pictures. Perelman, in turn, accused Barkin of diverting his original investment into a competing venture, Applehead Pictures II.
Barkin, known for her work in Ocean’s Thirteen and The Big Easy, founded Applehead Pictures in 2005 with her brother, George Barkin. During the marriage, Perelman invested $465,000 in the venture.
Perelman’s complaint, referring to the original company as Applehead I, charged: “Far from operating Applehead I as a good-faith venture of three members to produce motion pictures, the Barkin Defendants have misappropriated Applehead I’s assets, diverted business opportunities away from Applehead I and have otherwise breached their fiduciary duties to Applehead I.”
Perelman maintains that Barkin used his money to fund a lawsuit that she filed against him, as well as to pay her own company, Barkin Industries, approximately $7,000. Perelman also said his investment has been used to inappropriately fund George Barkin’s “excessive compensation package” from Applehead Pictures of $250,000 per year.
Barkin and Perelman divorced in 2006 after being married for five years. It was the fourth marriage for Perelman, and the second for Barkin, who told Parade Magazine last May: “I’m not proud of that marriage.”
Barkin was previously married to actor Gabriel Byrne.
Perelman recently was named the twenty-eighth richest American by Forbes, which estimated his net worth at $10 billion.
Read related stories: Celebs · Law Ben Stein, renaissance man
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.PUT THIS MAP ON YOUR BLOGPutting a MuckeyMap on your web site is easy.
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Click here for help putting maps on your site.Wellpoint’s Braly tops Journal list
Princeton, donors’ family battle over $880 million
In 1961, A&P supermarket heir Marie Robertson and her husband, Charles, gave $35 million in stock to Princeton University for its Woodrow Wilson School of Public and International Affairs.
Today, the gift is worth more than $880 million.
But the university and the descendants of the couple have spent millions in legal costs in a years-long fight over how the money should be used.
A New Jersey judge’s decision last week that the dispute should go to trial has drawn nervous attention from college administrations across the country. The New York Times has called it “one of the largest lawsuits ever filed exploring how closely colleges must adhere to the original intent of donors.”
The Robertsons’ children – Anne R. Meier, Katherine Ernst and William Robertson – maintain that the donation was meant to help prepare graduate students for careers in federal government, particularly in foreign and international affairs. They filed suit against the university in 2002, claiming that Princeton had failed to adhere to their parents’ instructions and had spent the money for other uses.
The suit also charges that Princeton took control of the foundation set up to administer the gift, and commingled its funds with the university endowment.
Princeton officials respond that the Robertson offspring are trying to overturn the structure set up by the original grant, and use the money for their own purposes.
Both the university and the Robertsons have launched web sites about the suit. And both sides say they expect to win at trial.
Regardless of the outcome, colleges are likely to pay much closer attention to the restrictions that often come with major gifts.
America’s ruling families
We’ve come to expect political dynasties. They’re a fact of life in the U.S., perhaps even more than royal succession is in the modern UK.
The 2008 presidential campaign is the first since 1952 without a sitting president or vice president. An entire generation has grown up thinking the race for the White House requires the presence of a Bush or a Clinton.
Even beyond the obvious – the Bushes, Kennedys, Rockefellers, Roosevelts and Adamses – many American clans have passed the political baton from one generation to the next.
In recent decades, Hendrik Hertzberg writes in the New Yorker, the “dynastic dynamic” has accelerated.
The presidential field includes not only Hillary Rodham Clinton, wife of a former president, but Mitt Romney, son of a former governor of Michigan. Hertzberg notes that there are currently five U.S. senators whose fathers preceded them in the Senate. A prominent example in the House is Speaker Nancy Pelosi, whose father was a member of Congress and the mayor of Baltimore.
Such connections yield intriguing Muckety maps. One of our favorites was created by the marriage of Howard Baker and Nancy Kassebaum, which linked not only their separate Senate careers, but the legacy of Kassebaum’s father, former Kansas Gov. Alf Landon, and Baker’s former father-in-law, Sen. Everett Dirksen.
Political dynasties tend to overlap with the business and media spheres. (Think Maria Shriver.) After Louisiana Congressman Hale Boggs died in an airplane crash, he was succeeded by his wife, Lindy. One daughter, Barbara Boggs Sigmund, was mayor of Princeton, N.J., before dying of cancer. Another, Cokie Roberts, is a correspondent for ABC and NPR, and the wife of journalist Steven Roberts. A son, Thomas Hale Boggs Jr., is a powerful Washington lobbyist.
Offspring of the powerful can learn from their parents’ example and their parents’ mistakes. Or can they choose not to learn at all. Hertzberg’s column closes with an observation on George W. Bush:
“Bush’s failure to learn much of anything for the past six years suggests a deficit of character, not of experience; his unwillingness to employ his father’s skills and advice on behalf of the nation shows a disrespectful disregard for a dynast’s biggest advantage. He has given both freshness and family a bad name.”
Colbert Vote Skyrockets
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Focus is on Nyc Charter Schools
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The Real Dirty Sexy Money
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