[Marxism] Meet NYU's Trustees

Michael Hoover hooverm at scc-fl.edu
Fri Dec 2 05:01:03 MST 2005

In his recent ultimatum to GSOC strikers, Sexton's language veils the real
disruption to American universities, which is not the grievances of their
workers, but the conflicting priorities of their trustees. Below is a list of
the Officers of NYU's Board of Trustees, as well as links to corporations in
which they have leveraged themselves into a position to corporatize higher
education. You will find information below on the Officers of the Board of
Trustees at NYU (you can follow supporting links, indicated by a *, by going to
the original webpage - http://getuponline.org/news/nyu_trustees.htm). - Peter

   Martin Lipton, Chair
   A founding partner of Wachtell, Lipton, Rosen & Katz, Lipton specializes in
advising major corporations on mergers and acquisitions and matters affecting
corporate policy. He is best known for inventing the "poison pill defense," a
strategy for safeguarding shareholder value in the event of a hostile
takeover.* Net profits at Wachtell, Lipton, Rosen & Katz in 2005 are
$405,834,000. Lipton's personal profits this year have been $3,295,500.*

   William R. Berkley, Vice Chair
   Berkley is the Chairman, Chief Executive Officer, President and Chief
Operating Officer of W. R. Berkley Corporation, an insurance holding company
that offers property casualty insurance business in the United States and
internationally. Its revenues in 2004 totalled 4,512,200,000.* In 2002, the
insurance conglomerate was able to establish a $12,000,000 reserve on surety
bonds to indemnify itself from the bankruptcy of one of its largest clients,
the Enron Corporation.* Berkley's paycheck this year will be $7,040,000.*

   Laurence D. Fink, Vice Chair
   Fink recently stepped down as chairman and chief executive of New York's
BlackRock Inc., one of the largest bond-fund managers in the world with $400
billion in assets. Since it went public, BlackRock's stock has quintupled,
earning $143 million on revenue of $725 million in 2004.* Fink is now a trustee
of the company, as well as a member of the Board of Executives of the New York
Stock Exchange.

   Kenneth G. Langone, Vice Chair
   On the General Electric Board of Directors (and member of executive
committee for Home Depot, TRICON, and the NYSE), Langone first struck it rich
by taking Ross Perot's Electronic Data Systems public in 1968. Has been quoted
as saying "Bernard Baruch said, 'I got rich by selling too soon.' I got rich by
never selling."* Langone's net worth is estimated at $750,000,000.*

   Larry A. Silverstein, Vice Chair
   Best known as leaseholder of Ground Zero, Silverstein is also president of
Silverstein Properties, Inc., a Manhattan-based real estate investment and
development firm which owns interests in and operates over 10 million square
feet of office space.* Silverstein has spent the last four years in and out of
U.S. District Court, devoting his energy not to higher education but to turning
a $3.5 billion insurance policy on the trade center complex into a $7 billion
payout.* 2005 revenues of Silverstein Properties were $2,700,000.*

   Anthony Welters, Vice Chair
   As President and CEO of AmeriChoice (a UnitedHealth Group Company), Welters
has made his fortune in health insurance, targeting a demographic near or below
the poverty line.* The company operates managed health care plans for Medicaid
and Children's Health Insurance Program recipients in about a dozen states.
Welters has been the subject of ongoing investigations at the state and federal
level: "Federal and state audits concluded in the early and mid-1990s that
ineffective oversight by Pennsylvania officials had enabled Welters and his
partners to make too much money from their taxpayer-supported business," The
Washington Post reports, "The audits said the Welters group had paid itself
millions of dollars in management fees - paid to other companies they
controlled - and millions more in bonuses."* In May 2000, New York state
Attorney General Eliot Spitzer announced that for years, Welters' clinics had
been staffed by "unsupervised physician assistants or nurse practitioners."*
Since its creation, AmericChoice has made revenues of around $2,674,000,000

   Leonard A. Wilf, Vice Chair
   As president of Garden Homes Management Corporation, Wilf and his real
estate partners have diversified their assets in professional sports (the Wilf
family bought the Vikings for $600 million) and a variety of real estate
investments. In 1999, the Justice Department sued Wilf and Garden Homes
Management for engaging in racially discriminatory housing practices (refusing
to rent to blacks in several properties in New Jersey).* Wilf set the record in
New Jersey when he settled for divorce with wife Marcia in 2000, after 12 years
of wrangling and $20 million in fees.*
Please Note: 
Due to Florida's very broad public records law, most written communications to or from College employees regarding College business are public records, available to the public and media upon request. Therefore, this e-mail communication may be subject to public disclosure.

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