Ronald Lauder
Encyclopedia
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
, and art collector. Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
lists Lauder among the richest people of the world with an estimated net worth of $3.0 billion in 2007.
Life and career
Lauder was born in New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, the son of Estée Lauder
Estée Lauder (person)
Estée Lauder was an American businesswoman who was the co-founder, along with her husband Joseph Lauder, of Estée Lauder Companies, a pioneering cosmetics company. Lauder was the only woman on TIME magazine's 1998 list of the 20 most influential business geniuses of the 20th century. She was the...
and Joseph Lauder, founders of Estée Lauder Companies
Estée Lauder Companies
Estée Lauder Companies, Inc. is a manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products. The company has its headquarters in Midtown Manhattan, New York City.-History:...
, and the younger brother of Leonard Lauder
Leonard Lauder
Leonard A. Lauder is chairman emeritus of The Estée Lauder Companies Inc. He was chief executive until 1999. Today Estée Lauder operates several brands in the cosmetics industry including Estée Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown and La Mer...
, chairman of the board of the Estee Lauder company. He attended the Bronx High School of Science
Bronx High School of Science
The Bronx High School of Science is a specialized New York City public high school often considered the premier science magnet school in the United States. Founded in 1938, it is now located in the Bedford Park section of the Bronx...
and holds a Bachelors degree in International Business from the Wharton School of the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
.
He studied at the University of Paris
University of Paris
The University of Paris was a university located in Paris, France and one of the earliest to be established in Europe. It was founded in the mid 12th century, and officially recognized as a university probably between 1160 and 1250...
, and received a Certificate in International Business from the University of Brussels. He is married to Jo Carole Lauder and has two children, Aerin and Jane. Lauder started to work for the Estee Lauder Company in 1964. In 1984 he became a Deputy Assistant Secretary of Defense for European and NATO policy at The Pentagon
The Pentagon
The Pentagon is the headquarters of the United States Department of Defense, located in Arlington County, Virginia. As a symbol of the U.S. military, "the Pentagon" is often used metonymically to refer to the Department of Defense rather than the building itself.Designed by the American architect...
.
In 1986 Ronald Reagan
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....
named him as the US ambassador
Ambassador
An ambassador is the highest ranking diplomat who represents a nation and is usually accredited to a foreign sovereign or government, or to an international organization....
to Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
, a position he held until 1987. As ambassador, he fired diplomatic officer Felix Bloch
Felix Bloch (diplomatic officer)
Felix Bloch is a former director of European and Canadian Affairs in the US Department of State. He is known in connection with Robert Hanssen espionage case. Hanssen was a Soviet spy who reported to his KGB handlers about the ongoing FBI investigations of Felix Bloch and Reino Gikman to save both...
, who later became known in connection with Robert Hanssen
Robert Hanssen
Robert Philip Hanssen is a former American FBI agent who spied for Soviet and Russian intelligence services against the United States for 22 years from 1979 to 2001...
espionage case.
As a Republican
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...
, he made a bid to become the mayor of New York City
Mayor of New York City
The Mayor of the City of New York is head of the executive branch of New York City's government. The mayor's office administers all city services, public property, police and fire protection, most public agencies, and enforces all city and state laws within New York City.The budget overseen by the...
in 1989, losing to Rudy Giuliani
Rudy Giuliani
Rudolph William Louis "Rudy" Giuliani KBE is an American lawyer, businessman, and politician from New York. He served as Mayor of New York City from 1994 to 2001....
in the Republican primary. Michael Massing
Michael Massing
Michael Massing is a contributing editor of the Columbia Journalism Review. Michael Massing received his Bachelor of Arts from Harvard and an MS from the London School of Economics and Political Science. He often writes for the New York Review of Books concerning the media and foreign affairs...
, writing of this nomination race, notes that politically Lauder “seemed out of step with most American Jews; … he ran to the right of Rudolph Giuliani. And, on Israeli issues, he was a vocal Likud
Likud
Likud is the major center-right political party in Israel. It was founded in 1973 by Menachem Begin in an alliance with several right-wing and liberal parties. Likud's victory in the 1977 elections was a major turning point in the country's political history, marking the first time the left had...
nik, with long-standing ties to Netanyahu
Benjamin Netanyahu
Benjamin "Bibi" Netanyahu is the current Prime Minister of Israel. He serves also as the Chairman of the Likud Party, as a Knesset member, as the Health Minister of Israel, as the Pensioner Affairs Minister of Israel and as the Economic Strategy Minister of Israel.Netanyahu is the first and, to...
.
In 1998, Lauder was asked by Israeli Prime Minister
Prime Minister of Israel
The Prime Minister of Israel is the head of the Israeli government and the most powerful political figure in Israel . The prime minister is the country's chief executive. The official residence of the prime minister, Beit Rosh Hamemshala is in Jerusalem...
Benjamin Netanyahu to begin Track II negotiations with Syria
Syria
Syria , officially the Syrian Arab Republic , is a country in Western Asia, bordering Lebanon and the Mediterranean Sea to the West, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest....
n leader Hafez al-Asad; these negotiations continued after the election of Ehud Barak
Ehud Barak
Ehud Barak is an Israeli politician who served as Prime Minister from 1999 until 2001. He was leader of the Labor Party until January 2011 and holds the posts of Minister of Defense and Deputy Prime Minister in Binyamin Netanyahu's government....
to the post. Lauder communicated a new-found willingness on Asad's part to make compromises with the Israelis in an overall land for peace
Land for peace
Land for peace is an interpretation of UN Security Council Resolution 242 which has formed the basis of subsequent Arab-Israeli peace making. The name Land for Peace is derived from the wording of the resolution's first operative paragraph which affirms that peace should include the application of...
deal, and his draft "Treaty of Peace Between Israel and Syria" formed an important part of the (ultimately fruitless) Israeli-Syrian negotiations that occurred in January 2000 in Shepherdstown
Shepherdstown, West Virginia
Shepherdstown is a town in Jefferson County, West Virginia, United States, located along the Potomac River. It is the oldest town in the state, having been chartered in 1762 by Colonial Virginia's General Assembly. Since 1863, Shepherdstown has been in West Virginia, and is the oldest town in...
, West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
.
Lauder manages investments in real estate and media, including Central European Media Enterprises
Central European Media Enterprises
Central European Media Enterprises is a Bermuda-based vertically integrated company. Founded by Ronald Lauder, it owns broadcast, content and new media operations in Central and Eastern Europe...
and Israeli TV.
His daughter Jane is married to Kevin Warsh
Kevin Warsh
Kevin Maxwell Warsh was a member of the Board of Governors of the Federal Reserve System. He took office on February 24, 2006 to fill an unexpired term ending January 31, 2018 and resigned his position effective March 31, 2011. He is the youngest appointee in Federal Reserve history...
, a member of the Board of Governors of the Federal Reserve.
Civic and philanthropic activities
Lauder led a movement to introduce term limits in the New York City CouncilNew York City Council
The New York City Council is the lawmaking body of the City of New York. It has 51 members from 51 council districts throughout the five boroughs. The Council serves as a check against the mayor in a "strong" mayor-council government model. The council monitors performance of city agencies and...
, which were imposed on City Council members after citywide referendum in 1993. In 1996, voters turned down a council proposal to extend term limits. Lauder spent $4 million on the two referendums. He has been involved in environmental conservation efforts in eastern Long Island and has served on the board of directors of the conservation organization Group for the East End since 2002.
Art
On November 16, 2001, Lauder opened the Neue GalerieNeue Galerie
The Neue Galerie New York is a museum of early twentieth-century German and Austrian art and design located at 86th Street and Fifth Avenue in New York City, United States...
in New York, an art museum a few blocks away from the Metropolitan Museum, dedicated to art from Germany and Austria from the early 20th century. It holds one of the best collections of works by Egon Schiele
Egon Schiele
Egon Schiele was an Austrian painter. A protégé of Gustav Klimt, Schiele was a major figurative painter of the early 20th century. His work is noted for its intensity, and the many self-portraits the artist produced...
in the world. On June 18, 2006, he purchased from Maria Altmann
Maria Altmann
Maria Altmann was a Jewish refugee from Nazi Austria, noted for her ultimately successful legal campaign to reclaim five family-owned paintings by the artist Gustav Klimt, stolen by the Nazis during World War II, from the Government of Austria.She was born Maria Victoria Bloch, in Vienna...
and her family, the painting Portrait of Adele Bloch-Bauer I
Portrait of Adele Bloch-Bauer I
Portrait of Adele Bloch-Bauer I is a painting by Gustav Klimt completed in 1907. According to press reports it was sold for US$135 million to Ronald Lauder for his Neue Galerie in New York City in June 2006, which made it at that time the most expensive painting for about 4 months...
by Gustav Klimt
Gustav Klimt
Gustav Klimt was an Austrian Symbolist painter and one of the most prominent members of the Vienna Secession movement. His major works include paintings, murals, sketches, and other art objects...
for $135 million, the highest price ever paid for a painting at that time. The picture, a Nazi-looted piece which had just been restored to Altmann following years of negotiation and litigation with the Austrian government, now forms the centerpiece of the museum's collection. Lauder also has the world’s largest private collection of medieval and Renaissance armor.
Lauder has been instrumental in a number of cases in recovering “lost” art from the Nazi period. He has been criticized for failure to resolve a case involving 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...
, which in 1997 exhibited some paintings owned by Rudolph Leopold, a Viennese doctor and art collector. An investigative article in the New York Times on Dec. 24, 1997 — "A Singular Passion for Amassing Art, One Way or Another" — outlined a case involving Portrait of Wally
Portrait of Wally
Portrait of Wally is a 1912 oil painting by Austrian painter Egon Schiele of Valerie "Wally" Neuzil, a woman he met in 1911 when she was 17 years old and who was a model for a number of Schiele's most striking paintings...
by Egon Schiele, which was in the MoMA exhibition but was obtained by Leopold soon after the Nazi era. The Manhattan DA
New York County District Attorney
The New York County District Attorney is the elected district attorney for New York County , New York. The office is responsible for the prosecution of violations of New York state laws....
stepped in to help restore the piece to descendants of its original owner, but ownership of the painting is still in contention, nearly 10 years later. Lauder has been accused of a failure to act on the case, despite being MoMA chairman at the time.
Lauder is an honorary trustee of the World Monuments Fund
World Monuments Fund
World Monuments Fund is a private, international, non-profit organization dedicated to the preservation of historic architecture and cultural heritage sites around the world through fieldwork, advocacy, grantmaking, education, and training....
, a New York-based non-profit with the mission of protecting endangered cultural heritage sites around the world.
Jewish efforts
In 1987, Lauder established the Ronald S. Lauder Foundation, a philanthropic organization that is dedicated to rebuild Jewish communities in Central and Eastern Europe. The foundation also supports student exchange programs between New York and various capitals in Central and Eastern Europe.Lauder is actively involved in numerous civic organizations, including the Conference of Presidents of Major American Jewish Organizations, the Jewish National Fund
Jewish National Fund
The Jewish National Fund was founded in 1901 to buy and develop land in Ottoman Palestine for Jewish settlement. The JNF is a quasi-governmental, non-profit organisation...
, the World Jewish Congress
World Jewish Congress
The World Jewish Congress was founded in Geneva, Switzerland, in August 1936 as an international federation of Jewish communities and organizations...
, the American Jewish Joint Distribution Committee
American Jewish Joint Distribution Committee
The American Jewish Joint Distribution Committee is a worldwide Jewish relief organization headquartered in New York. It was established in 1914 and is active in more than 70 countries....
, the Anti-Defamation League
Anti-Defamation League
The Anti-Defamation League is an international non-governmental organization based in the United States. Describing itself as "the nation's premier civil rights/human relations agency", the ADL states that it "fights anti-Semitism and all forms of bigotry, defends democratic ideals and protects...
, the Jewish Theological Seminary
Jewish Theological Seminary of America
The Jewish Theological Seminary of America is one of the academic and spiritual centers of Conservative Judaism, and a major center for academic scholarship in Jewish studies.JTS operates five schools: Albert A...
, Brandeis University
Brandeis University
Brandeis University is an American private research university with a liberal arts focus. It is located in the southwestern corner of Waltham, Massachusetts, nine miles west of Boston. The University has an enrollment of approximately 3,200 undergraduate and 2,100 graduate students. In 2011, it...
, and the Abraham Fund. With his brother he founded the Lauder Institute at Wharton School. Lauder has also served as a Finance Chairman of the New York State Republican Committee. In 2003 Lauder founded and became a president of Lauder Business School
Lauder Business School
Lauder Business School is a business school in Vienna, Austria, operating as a Fachhochschule in the Austrian education system. There are currently 240 students enrolled in the School in two undergraduate and one graduate programs...
in Vienna
Vienna
Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...
, Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
.
Lauder was elected President of the World Jewish Congress
World Jewish Congress
The World Jewish Congress was founded in Geneva, Switzerland, in August 1936 as an international federation of Jewish communities and organizations...
on June 10, 2007, beating the South African businessman Mendel Kaplan and Einat Wilf of Israel by a clear margin. As WJC President, he has met with a number of heads of state and government, including German Chancellor Angela Merkel
Angela Merkel
Angela Dorothea Merkel is the current Chancellor of Germany . Merkel, elected to the Bundestag from Mecklenburg-Vorpommern, has been the chairwoman of the Christian Democratic Union since 2000, and chairwoman of the CDU-CSU parliamentary coalition from 2002 to 2005.From 2005 to 2009 she led a...
, Pope Benedict XVI
Pope Benedict XVI
Benedict XVI is the 265th and current Pope, by virtue of his office of Bishop of Rome, the Sovereign of the Vatican City State and the leader of the Catholic Church as well as the other 22 sui iuris Eastern Catholic Churches in full communion with the Holy See...
, Italian President Giorgio Napolitano
Giorgio Napolitano
Giorgio Napolitano is an Italian politician who has been the 11th President of Italy since 2006. A long-time member of the Italian Communist Party and later the Democrats of the Left, he served as President of the Chamber of Deputies from 1992 to 1994 and as Minister of the Interior from 1996 to...
, Austrian Chancellor Alfred Gusenbauer
Alfred Gusenbauer
Alfred Gusenbauer is an Austrian career politician who until 2008 spent his entire professional life as an employee of the Social Democratic Party of Austria or as a parliamentary representative. He headed the SPÖ from 2000 to 2008, and served as Chancellor of Austria from January 2007 to...
, Czech President Václav Klaus
Václav Klaus
Václav Klaus is the second President of the Czech Republic and a former Prime Minister .An economist, he is co-founder of the Civic Democratic Party, the Czech Republic's largest center-right political party. Klaus is a eurosceptic, but he reluctantly endorsed the Lisbon treaty as president of...
, Hungarian Prime Minister Ferenc Gyurcsany
Ferenc Gyurcsány
Ferenc Gyurcsány is a Hungarian politician. He was the sixth Prime Minister of Hungary from 2004 to 2009.He was nominated to take that position on 25 August 2004 by the Hungarian Socialist Party , after Péter Medgyessy resigned due to a conflict with the Socialist Party's coalition partner...
and Swiss President Pascal Couchepin
Pascal Couchepin
Pascal Couchepin is a Swiss politician, former member of the Swiss Federal Council and President of the Confederation in 2003 and 2008...
. Lauder has been strongly critical of business deals by European energy firms with Iran and called for stronger UN sanctions because of Tehran's threat against Israel and its nuclear program.
President George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
appointed him to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.
Despite his commitment to the recovery of "lost" Holocaust art, Lauder has been accused by Holocaust survivors and their families of not disclosing art that belonged to Holocaust victims.
In December 2009, he protested against the Roman Curia's decree recognizing the heroic virtues of Pope Pius XII, asserting that an eventual beatification
Beatification
Beatification is a recognition accorded by the Catholic Church of a dead person's entrance into Heaven and capacity to intercede on behalf of individuals who pray in his or her name . Beatification is the third of the four steps in the canonization process...
would be inopportune until the Holy See's historical archives from the 1939-1945 period were opened.
Israel activism
In his 28 June 2011 remarks to the International Council of Jewish Parliamentarians, Lauder scolded Israeli Prime Minister Benjamin NetanyahuBenjamin Netanyahu
Benjamin "Bibi" Netanyahu is the current Prime Minister of Israel. He serves also as the Chairman of the Likud Party, as a Knesset member, as the Health Minister of Israel, as the Pensioner Affairs Minister of Israel and as the Economic Strategy Minister of Israel.Netanyahu is the first and, to...
for a number of missteps, including lacking a diplomatic plan heading into the September UN vote on Palestinian statehood and setting preconditions for negotiations as part of the peace process in the Israeli–Palestinian conflict, according to Haaretz
Haaretz
Haaretz is Israel's oldest daily newspaper. It was founded in 1918 and is now published in both Hebrew and English in Berliner format. The English edition is published and sold together with the International Herald Tribune. Both Hebrew and English editions can be read on the Internet...
.
Lauder had previously been seen as a crucial ally of Netanyahu, sending letters to both President Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
-- of whose position on Israel Lauder is intensely critical -- and Secretary of State Hillary Rodham Clinton
Hillary Rodham Clinton
Hillary Diane Rodham Clinton is the 67th United States Secretary of State, serving in the administration of President Barack Obama. She was a United States Senator for New York from 2001 to 2009. As the wife of the 42nd President of the United States, Bill Clinton, she was the First Lady of the...
in support of his policy. Prior to Lauder's comments, however, their relationship had become strained, with Netanyahu canceling his appearance at the World Jewish Congress
World Jewish Congress
The World Jewish Congress was founded in Geneva, Switzerland, in August 1936 as an international federation of Jewish communities and organizations...
's meeting in Jerusalem.
Channel 10
Lauder has participated in a number of large media deals in Israel, among which was his purchase of part of Channel 10.In September 2011 Israeli media published accounts that Lauder had put heavy pressure on the executives of the channel to broadcast a personal apology to the businessman Sheldon Adelson
Sheldon Adelson
Sheldon Gary Adelson is an American casino magnate. Adelson is Chairman and Chief Executive Officer of the Las Vegas Sands Corp., the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center...
with regards to a profile that the channel had broadcast in January 2011. The apology read, "After the broadcast of the piece, we checked the accusations. Our checks revealed that the accusations were - and are - completely false... We are very regretful that we did not check these accusations before broadcasting them." Lauder's forcing of the form of the apology led to the resignation of the channel's news chief Reudor Benziman, its news editor Ruti Yuval, and its presenter Guy Zohar (who continues in another post in Channel 10, who criticized Ron Lauder for the pressure he exerted. Because of the attacks, detailed above, on Lauder (who had been until then the last major funder of the channel), he decided to reconsider his financial support. If the channel lost his funding, it would have difficulty continuing to operate to its current standard past October 2011.
On November 3, 2011 the Second Authority reached a decision on the issue in which it decided that the apology to Adelson broadcast by the channel was appropriate and that "no evidence has been presented that there was any intervention by the shareholders of Channel 10 on new content, or even on the text of the apology, which was agreed between the news company and the person injured by the broadcast."
Tax payments
Lauder has arranged his financial affairs to minimize his U.S. income tax, as his lawyers acknowledge. Some tax experts believe that these arrangements are an example of policies that, while legal and widely used, are unfair because they allow the wealthy to lower their taxes.For example, Lauder donated much of his art collection, worth more than $1 billion, to a private foundation, which qualified him for deductions worth tens of millions of dollars.
A transaction known as a variable prepaid forward, in which he contracted to sell $72 million of stock to an investment bank in 2014 for 75% of its current value in return for cash in 2011, may defer as much as $10 million in federal income tax from 2011 until 2014. Tax experts say that at that time, he can use other methods to further defer paying taxes. In 2006 the I.R.S. said it appeared to be an abusive tax shelter and issued tighter restrictions to regulate the practice. In 1988, when he ran for mayor of New York, he reported paying 30% in total federal, state and city taxes on $30 million in income.
Sheldon Cohen, a former I.R.S. commissioner, said that when used as intended, the tax code’s breaks for art collectors balance private interests with the public good. “If an art collector makes significant contributions, and the public actually gets access to the works they are donating, then the major thing the collector gets is prestige and social status.” Lauder has made his artwork available for viewing by the general public in museums including the Neue Gallery.
See also
- Forbes list of billionaires (2007)
- Central European Media EnterprisesCentral European Media EnterprisesCentral European Media Enterprises is a Bermuda-based vertically integrated company. Founded by Ronald Lauder, it owns broadcast, content and new media operations in Central and Eastern Europe...
- CME/Lauder v. Czech RepublicCME/Lauder v. Czech RepublicThe CME v. Czech Republic and Lauder v. Czech Republic were parallel cases decided by two different arbitral tribunals in 2001. The difference in the two cases' outcomes is a prime example of conflicting decisions in international arbitration and is the subject of many treatises, with some authors...
External links
- Ronald S.Lauder Foundation
- Lauder Institute
- Chairman of the Board Ronald S. Lauder of the Jewish National FundJewish National FundThe Jewish National Fund was founded in 1901 to buy and develop land in Ottoman Palestine for Jewish settlement. The JNF is a quasi-governmental, non-profit organisation...
- President Ronald S. Lauder of the World Jewish CongressWorld Jewish CongressThe World Jewish Congress was founded in Geneva, Switzerland, in August 1936 as an international federation of Jewish communities and organizations...
, elected June 2007 - Profile at Central European Media EnterprisesCentral European Media EnterprisesCentral European Media Enterprises is a Bermuda-based vertically integrated company. Founded by Ronald Lauder, it owns broadcast, content and new media operations in Central and Eastern Europe...
- Profile at ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
- Ronald Lauder collected news and coverage at The New York Observer
- A Family’s Billions, Artfully Sheltered, David Kocieniewski, The New York TimesThe New York TimesThe New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
, November 26, 2011