Marie-Josée Drouin
Encyclopedia
Marie-Josée Kravis is an economist and philanthropist. She is from Montreal, Quebec, and is the third wife of financier Henry Kravis
.
in 1973 after earning an MA in economics from the University of Ottawa. From an Executive Director of the Hudson Institute of Canada from 1973-1994, she became a senior fellow and trustee of the Hudson Institute USA in 1973, and Vice-Chair of the Board in 2011.
(MoMA) in New York, a member of the Council on Foreign Relations. She serves on the International Advisory Board of the Federal Reserve Bank of New York
and on the board of directors of Publicis
S.A. and LVMH. She is a member of the Board of the Qatar Museum Authority and she is a member of the International Council of the Prado Museum.
She has served on the Board of Directors of CIBC, the Standard Life Insurance Co., Hasbro Inc., Hollinger International, Vivendi Universal, Ford Motor Company and IAC/InterActiveCorp.
Drouin also served as vice-chair of Canada's Royal Commission on National Passenger Transportation; she was co-chair of a national commission on Prosperity and Competitiveness. She served on the binational dispute settlement panel established under the NAFTA agreement. She is on the boards of the Institute for Advanced Study
and Memorial Sloan Kettering Cancer Center. She was chairman of the Robin Hood Foundation
and is presently co-chair of the Robin Hood Foundation's Advisory Board.
, the Montreal Gazette and the Financial Post
in Canada, and has contributed to the Wall Street Journal and numerous other publications. She hosted a weekly television show on the public television network, TV Ontario.
in 1982 and is currently the wife of Henry Kravis, whom she married in 1994. She and her husband have been active philanthropists in the United States and internationally.
Kravis and her husband reside in their homes in New York City, Southampton (New York), Meeker (Colorado), Palm Beach (Florida) and Paris (France). Their main residence is a Park Avenue triplex.
Marie-Josée Kravis and her husband have attended the Bilderberg conference. Kravis was on the board of Conrad Black's
Hollinger International from 1995 to 2003, and took the stand at his trial for fraud and obstruction of justice. Kravis testified that the board of directors knew nothing about the non-competition payments that enriched Black and David Radler
.
. Also along with her husband, she has been a major contributor to The Lincoln Center for the Performing Arts
, The Global Business Coalition on HIV/AIDS, TB and Malaria, and Carnegie Hall
.
Kravis is also an active leader in the Henry R. Kravis Prize in Leadership, which is awarded for innovations in non-profit work. At the Mount Sinai Medical Center, she serves as a major patron and has helped to raise $30 million for their Heart Research Center. The center was named the Marie-Josée and Henry R. Kravis Center for Cardiovascular Health, which later merged with the Zena and Michael A. Wiener Cardiovascular Institute to form The Mount Sinai Heart Cardiovascular Research Institute
. At the Museum of Modern Art
, she was appointed as president in July 2005, and has donated $10 million to the Museum. Additionally, she is a trustee at The Institute for Advanced Study
and the Hudson Institute
, as well as a supporter of the Metropolitan Opera
, The New York Philharmonic
, and the Hermitage Collection at Somerset House
, London. She is a trustee and former Chairman of the Robin Hood Foundation
.
's Hollinger International until late 2003. Black was later charged with fraud and obstruction of justice. Drouin was called as a witness at Black's trial in 2007, and testified that she had failed to spot the corporate malfeasance during her tenure. Drouin had left the board of Ford in 2006, Vivendi in 2005, and IAC in 2006.
Henry Kravis
Henry R. Kravis is an American businessman and private equity investor. He is the co-founder of Kohlberg Kravis Roberts & Co., a private equity firm with over $62 billion in assets as of 2011. He has an estimated net worth of $3.7 billion as of September 2011, ranked by Forbes as the 88th richest...
.
Background
Born in Ottawa, Drouin joined the Hudson InstituteHudson Institute
The Hudson Institute is an American think tank founded in 1961, in Croton-on-Hudson, New York, by futurist, military strategist, and systems theorist Herman Kahn and his colleagues at the RAND Corporation...
in 1973 after earning an MA in economics from the University of Ottawa. From an Executive Director of the Hudson Institute of Canada from 1973-1994, she became a senior fellow and trustee of the Hudson Institute USA in 1973, and Vice-Chair of the Board in 2011.
Boards/Fellowships
Marie-Josée has been a power player in the US boardroom, with stints on the board of companies including Ford. She is a senior fellow at the Hudson Institute, President of the Museum of Modern ArtMuseum of Modern Art
The Museum of Modern Art is an art museum in Midtown Manhattan in New York City, on 53rd Street, between Fifth and Sixth Avenues. It has been important in developing and collecting modernist art, and is often identified as the most influential museum of modern art in the world...
(MoMA) in New York, a member of the Council on Foreign Relations. She serves on the International Advisory Board of the Federal Reserve Bank of New York
Federal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,...
and on the board of directors of Publicis
Publicis
Publicis Groupe is a French multinational advertising and communications company, headquartered in Paris, France. It is one of the world's three largest advertising holding companies . Its current president is Maurice Lévy. Publicis Groupe S.A...
S.A. and LVMH. She is a member of the Board of the Qatar Museum Authority and she is a member of the International Council of the Prado Museum.
She has served on the Board of Directors of CIBC, the Standard Life Insurance Co., Hasbro Inc., Hollinger International, Vivendi Universal, Ford Motor Company and IAC/InterActiveCorp.
Drouin also served as vice-chair of Canada's Royal Commission on National Passenger Transportation; she was co-chair of a national commission on Prosperity and Competitiveness. She served on the binational dispute settlement panel established under the NAFTA agreement. She is on the boards of the Institute for Advanced Study
Institute for Advanced Study
The Institute for Advanced Study, located in Princeton, New Jersey, United States, is an independent postgraduate center for theoretical research and intellectual inquiry. It was founded in 1930 by Abraham Flexner...
and Memorial Sloan Kettering Cancer Center. She was chairman of the Robin Hood Foundation
Robin Hood Foundation
The Robin Hood Foundation is a charitable organization, which attempts to alleviate problems caused by poverty in New York, United States.-History:Founded in 1988, Robin Hood was the brainchild of hedge fund manager Paul Tudor Jones...
and is presently co-chair of the Robin Hood Foundation's Advisory Board.
Career
Marie-Josée Drouin has been a regular columnist for La PresseLa Presse
La Presse can refer to*La Presse *La Presse *La Presse...
, the Montreal Gazette and the Financial Post
Financial Post
The Financial Post was an English Canadian business newspaper, which published from 1907 to 1998. In 1998, the publication was folded into the new National Post, although the name Financial Post has been retained as the banner for that paper's business section and also lives on in the Post’s...
in Canada, and has contributed to the Wall Street Journal and numerous other publications. She hosted a weekly television show on the public television network, TV Ontario.
Publications
She is the author with Barry Bruce-Briggs of Canada Has a Future and with Maurice Ernst and Jimmy Wheeler of Western Europe: Adjusting to Structural Change.Awards
In 1994, Marie-Josée Kravis was appointed an Officer of the Order of Canada, and in 2006, she received the Légion d'honneur award.Personal life
Marie-Josée Kravis was previously married to Charles DutoitCharles Dutoit
Charles Édouard Dutoit, is a Swiss conductor, particularly noted for his interpretations of French and Russian 20th century music...
in 1982 and is currently the wife of Henry Kravis, whom she married in 1994. She and her husband have been active philanthropists in the United States and internationally.
Kravis and her husband reside in their homes in New York City, Southampton (New York), Meeker (Colorado), Palm Beach (Florida) and Paris (France). Their main residence is a Park Avenue triplex.
Marie-Josée Kravis and her husband have attended the Bilderberg conference. Kravis was on the board of Conrad Black's
Conrad Black
Conrad Moffat Black, Baron Black of Crossharbour, OC, KCSG, PC is a Canadian-born member of the British House of Lords, and a historian, columnist and publisher, who was for a time the third largest newspaper magnate in the world. Lord Black controlled Hollinger International, Inc...
Hollinger International from 1995 to 2003, and took the stand at his trial for fraud and obstruction of justice. Kravis testified that the board of directors knew nothing about the non-competition payments that enriched Black and David Radler
David Radler
F. David Radler is a Canadian executive and close associate of Conrad Black for 36 years. Radler was once president of Ravelston Corporation, a privately owned corporation owned by Black and Radler to control their former newspaper empire. Ravelston owned Argus Corporation which in turn...
.
Philanthropy
Along with her husband, Marie Josee Kravis is a major figure in the New York philanthropy community, and are together ranked as the 25th highest donating individuals according to The Chronicle of PhilanthropyThe Chronicle of Philanthropy
The Chronicle of Philanthropy is a biweekly newspaper that covers the nonprofit world. Based in Washington, DC, it is the top news source for charity leaders, foundation executives, fund raisers, and other people involved in philanthropy...
. Also along with her husband, she has been a major contributor to The Lincoln Center for the Performing Arts
Lincoln Center for the Performing Arts
Lincoln Center for the Performing Arts is a complex of buildings in the Lincoln Square neighborhood of New York City's Upper West Side. Reynold Levy has been its president since 2002.-History and facilities:...
, The Global Business Coalition on HIV/AIDS, TB and Malaria, and Carnegie Hall
Carnegie Hall
Carnegie Hall is a concert venue in Midtown Manhattan in New York City, United States, located at 881 Seventh Avenue, occupying the east stretch of Seventh Avenue between West 56th Street and West 57th Street, two blocks south of Central Park....
.
Kravis is also an active leader in the Henry R. Kravis Prize in Leadership, which is awarded for innovations in non-profit work. At the Mount Sinai Medical Center, she serves as a major patron and has helped to raise $30 million for their Heart Research Center. The center was named the Marie-Josée and Henry R. Kravis Center for Cardiovascular Health, which later merged with the Zena and Michael A. Wiener Cardiovascular Institute to form The Mount Sinai Heart Cardiovascular Research Institute
Mount Sinai Medical Center & Miami Heart Institute
Mount Sinai Medical Center & Miami Heart Institute is a hospital located at 4300 Alton Road in Miami Beach, Florida, and is the largest independent non-profit teaching hospital in the state. The institution was incorporated on March 11, 1946, and opened on its current location on Sunday, December...
. At the Museum of Modern Art
Museum of Modern Art
The Museum of Modern Art is an art museum in Midtown Manhattan in New York City, on 53rd Street, between Fifth and Sixth Avenues. It has been important in developing and collecting modernist art, and is often identified as the most influential museum of modern art in the world...
, she was appointed as president in July 2005, and has donated $10 million to the Museum. Additionally, she is a trustee at The Institute for Advanced Study
Institute for Advanced Study
The Institute for Advanced Study, located in Princeton, New Jersey, United States, is an independent postgraduate center for theoretical research and intellectual inquiry. It was founded in 1930 by Abraham Flexner...
and the Hudson Institute
Hudson Institute
The Hudson Institute is an American think tank founded in 1961, in Croton-on-Hudson, New York, by futurist, military strategist, and systems theorist Herman Kahn and his colleagues at the RAND Corporation...
, as well as a supporter of the Metropolitan Opera
Metropolitan Opera
The Metropolitan Opera is an opera company, located in New York City. Originally founded in 1880, the company gave its first performance on October 22, 1883. The company is operated by the non-profit Metropolitan Opera Association, with Peter Gelb as general manager...
, The New York Philharmonic
New York Philharmonic
The New York Philharmonic is a symphony orchestra based in New York City in the United States. It is one of the American orchestras commonly referred to as the "Big Five"...
, and the Hermitage Collection at Somerset House
Hermitage Rooms
The Hermitage Rooms was the name by which a series of rooms at Somerset House, London, were known from 2000 to 2007. During this period they were used as a venue for temporary exhibitions from the collection of the Hermitage Museum in Saint Petersburg...
, London. She is a trustee and former Chairman of the Robin Hood Foundation
Robin Hood Foundation
The Robin Hood Foundation is a charitable organization, which attempts to alleviate problems caused by poverty in New York, United States.-History:Founded in 1988, Robin Hood was the brainchild of hedge fund manager Paul Tudor Jones...
.
Controversy
Drouin was a board member at Conrad BlackConrad Black
Conrad Moffat Black, Baron Black of Crossharbour, OC, KCSG, PC is a Canadian-born member of the British House of Lords, and a historian, columnist and publisher, who was for a time the third largest newspaper magnate in the world. Lord Black controlled Hollinger International, Inc...
's Hollinger International until late 2003. Black was later charged with fraud and obstruction of justice. Drouin was called as a witness at Black's trial in 2007, and testified that she had failed to spot the corporate malfeasance during her tenure. Drouin had left the board of Ford in 2006, Vivendi in 2005, and IAC in 2006.