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| {{Short description|American businessman (1935–2024)}} | |||
| {{redirect|Bernard Schwartz|the actor born Bernard Schwartz|Tony Curtis|the house|Bernard Schwartz House}} | {{redirect|Bernard Schwartz|the American film producer|Bernard Schwartz (producer)|the actor born Bernard Schwartz|Tony Curtis|the house|Bernard Schwartz House}} | ||
| {{BLP sources|date=September 2011}} | |||
| {{Infobox person | {{Infobox person | ||
| | image = | | image = | ||
| | caption = | | caption = | ||
| | birth_name = Bernard Leon Schwartz | | birth_name = Bernard Leon Schwartz | ||
| | birth_date = {{birth date |
| birth_date = {{birth date|1925|12|13}} | ||
| | birth_place = |
| birth_place = ], U.S. | ||
| | death_date = {{death date and age|2024|03|12|1925|12|13}} | |||
| | other_names = | |||
| | death_place = New York City, U.S. | |||
| | home_town = | |||
| | |
| other_names = | ||
| ⚫ | | education = ] (]) | ||
| | nationality = United States | |||
| ⚫ | | occupation = Businessman | ||
| ⚫ | | education |
||
| ⚫ | | known_for = Chairman and CEO, ] | ||
| ⚫ | | occupation = Businessman | ||
| ⚫ | | children = 2 | ||
| ⚫ | | known_for = Chairman and CEO |
||
| | |
| spouse = {{plainlist| | ||
| * Irene Zanderer | |||
| | networth = | |||
| * Denise Jansen | |||
| ⚫ | | children = 2 | ||
| }} | |||
| | spouse = Irene Zanderer, Denise Jansen | |||
| | parents = | | parents = | ||
| | family = | | family = | ||
| | website = | | website = | ||
| }} | }} | ||
| '''Bernard Leon Schwartz''' ( |
'''Bernard Leon Schwartz''' (December 13, 1925 – March 12, 2024) was an American businessman who was ] and ] of ], a position he held for 34 years. He also served as Chairman and CEO of ], Inc., and president and CEO of ]. He retired from Loral and his positions at its various subsidiaries and affiliates as of March 1, 2006. He was latterly the Chairman and CEO of BLS Investments, his own investment firm located in ]. | ||
| ==Biography== | ==Biography== | ||
| Schwartz was born in ], ].<ref name=Common>{{Cite web|first= Bernard |last=Schwartz |authorlink= |title=My American Story by Bernard Schwartz |website=The Common Good|date=|url=https://www.thecommongoodus.org/my-american-story-posts/my-american-story-bernard-schwartz |accessdate=June 23, 2021 }}</ref> and grew up in the ] neighborhood of Brooklyn. He was ].<ref name=Common/> Schwartz graduated from ] in NYC.<ref name=Common/> He |
Schwartz was born in ], ].<ref name=Common>{{Cite web|first= Bernard |last=Schwartz |authorlink= |title=My American Story by Bernard Schwartz |website=The Common Good|date=|url=https://www.thecommongoodus.org/my-american-story-posts/my-american-story-bernard-schwartz |accessdate=June 23, 2021 }}</ref> and grew up in the ] neighborhood of Brooklyn. He was ].<ref name=Common/> Schwartz graduated from ] in NYC.<ref name=Common/> He held a ] in finance and an ] doctorate of science from ].<ref name=New>{{Cite web|first= |last= |authorlink= |title= About Bernard Schwartz |website=] - Bernard Schwartz Center for Economic Policy Analysis|date=October 2007 |url=https://www.newschool.edu/scepa/schwartz.htm |accessdate=|archive-url=https://web.archive.org/web/20100728211501/http://www.newschool.edu/scepa/schwartz.htm| archive-date=July 28, 2010}}</ref> He was a ] veteran, having served in the ].<ref>{{cite web|title=Archive of "Bernard L. Schwartz Biography"|url=http://bernardlschwartz.com/bio/documents/BLSLongBio-January2016.pdf|archive-url=https://web.archive.org/web/20160530052349/http://bernardlschwartz.com/bio/documents/BLSLongBio-January2016.pdf|access-date=16 December 2017|archive-date=2016-05-30}}</ref> After school, he worked as an accountant eventually becoming a partner at a Wall Street firm.{{citation needed|date=June 2019}} He then went on to serve as a vice president of ] and then president of ] Co. (formerly Leasco) for four years. In 1972, he bought a 12% stake in ], a New York Stock Exchange-listed manufacturer of satellites and satellite systems, where he served as its Chairman and CEO<ref name=Common/> for 34 years.<ref name=New/> | ||
| ⚫ | |||
| ⚫ | Schwartz was married to the former Irene Zanderer and |
||
| ===Professional life=== | |||
| After school, he worked as an accountant eventually becoming a partner at a Wall Street firm.{{citation needed|date=June 2019}} He then went on to serve as a vice president of American President Lines and then president of Reliance Insurance Co. (formerly Leasco) for four years before joining Loral, a New York Stock Exchange-listed manufacturer of satellites and satellite systems, in 1972. | |||
| ==Political activities== | ==Political activities== | ||
| Schwartz |
Schwartz was a lifelong ].<ref name=Common/> According to ], he was the largest single contributor to the Democratic Party from 1992 to 1996. In 1996, he celebrated his 71st birthday with ] and ] at the ].<ref name="mother-jones">{{cite web|url=https://www.motherjones.com/politics/1997/05/orbiter-power|access-date=13 December 2015|date=1 May 1997|title=Orbiter of Power|publisher=Mother Jones|author=Dave Eisenstadt}}</ref> In 1998 Schwartz became embroiled in a campaign donations scandal and an alleged transfer of missile technology to ] that occurred in 1996. He was exonerated of any wrongdoing in the campaign finance matter after a Justice Department investigation.<ref>{{cite news |title=Internal Justice Memo Excuses Loral From Funds Probe... |date=May 23, 2000 |first=William C. |last=Rempel |authorlink=<!-- William C. Rempel --> |work=]| url=https://pqasb.pqarchiver.com/latimes/access/54077015.html?ids=54077015:54077015&FMT=ABS&FMTS=ABS:FT&type=current&date=May+23,+2000&author=WILLIAM+C.+REMPEL;ALAN+C.+MILLER&pub=Los+Angeles+Times&edition=&startpage=15&desc=Internal+Justice+Memo+Excuses+Lo |author2=Alan C. Miller |page=A15 |access-date=2009-08-07}}{{dead link|date=July 2024|bot=medic}}{{cbignore|bot=medic}}</ref><ref name=NYT>{{cite news|title=Justice Dept. Memo Says Donor Was Cleared|url=https://www.nytimes.com/2000/06/09/us/justice-dept-memo-says-donor-was-cleared.html|newspaper=]|date=June 9, 2000|author=DAVID JOHNSTON|quote=Today, a Loral spokesman expressed satisfaction that the documents had finally come to light. ''We are pleased that the facts in this case have now been made public and that Mr. Schwartz and Loral are shown to be innocent of any wrongdoing,'' said Thomas B. Ross, a company vice president. Mr. Specter said in an interview that he did not realize at the hearing that Mr. Schwartz had been exonerated by the Justice Department because he had not seen Mr. La Bella's addendum.}}</ref><ref name="Hirsh2003">{{cite book|author=Michael Hirsh|title=At War with Ourselves: Why America is Squandering Its Chance to Build a Better World|url=https://archive.org/details/atwarwithourselv00hirs|url-access=registration|year=2003|publisher=Oxford University Press|isbn=978-0-19-515269-2|pages=–|quote=Bernard Schwartz was exonerated of all wrongdoing when the Justice ...}}</ref> Loral settled the missile transfer matter with the Justice Department in 2002, paying a $14 million fine and admitting no wrongdoing.<ref>The Washington Times. January 10, 2002. </ref> | ||
| In 2016, Schwartz donated US$1 million to ], a Super PAC supporting Democratic presidential candidate ].<ref>{{cite news |date=May 27, 2016 |title= The Top Donors Backing Hillary Clinton's Super PAC |url=https://www.forbes.com/sites/ivonaiacob/2016/05/27/top-donors-hillary-clinton-superpac/#259f3ea42740 |newspaper=Forbes }}</ref> Schwartz is also in the $5 million |
In 2016, Schwartz donated US$1 million to ], a Super PAC supporting Democratic presidential candidate ].<ref>{{cite news |date=May 27, 2016 |title= The Top Donors Backing Hillary Clinton's Super PAC |url=https://www.forbes.com/sites/ivonaiacob/2016/05/27/top-donors-hillary-clinton-superpac/#259f3ea42740 |newspaper=Forbes }}</ref> Schwartz is also in the $5 million – $10 million bracket of donors to the Clinton Foundation.<ref>{{cite web |date=Sep 25, 2019 |title= Clinton Foundation|url=https://www.clintonfoundation.org/contributors?category=%245%2C000%2C001+to+%2410%2C000%2C000 |website=ClintonFoundation}}</ref> | ||
| ==Foreign Policy== | ==Foreign Policy== | ||
| In 2002, the Bernard L. Schwartz Senior Fellowship in Business and Foreign Policy was established at the ] with a gift from the ]. The fellowship was created to focus on the global integration of financial markets and its implications for U.S. economic and foreign policy. Schwartz did not actually become a member of the Council on Foreign Relations until 2003, the following year. | In 2002, the Bernard L. Schwartz Senior Fellowship in Business and Foreign Policy was established at the ] with a gift from the ].<ref name=Fellowship>{{Cite web|first= |last= |authorlink= |title= The Bernard L. Schwartz Senior Fellowship in Business and Foreign Policy |website=]|date= |url=https://www.cfr.org/bernard-l-schwartz-senior-fellowship-business-and-foreign-policy |accessdate=June 23, 2021}}</ref> The fellowship was created to focus on the global integration of financial markets and its implications for U.S. economic and foreign policy.<ref name=Fellowship/> Schwartz did not actually become a member of the Council on Foreign Relations until 2003, the following year.<ref name=Fellowship/> | ||
| ⚫ | ==Personal life== | ||
| ⚫ | Schwartz was married to the former Irene Zanderer and lived in New York City; she died in 2014.<ref>{{cite web|url=https://blogs.baruch.cuny.edu/bcam/2014/11/06/in-memoriam-fall-2014-winter-2015/|title=In Memoriam: Fall 2014–Winter 2015|last=|date=6 November 2014|publisher=] Alumni Association}}</ref> They had two daughters.<ref name=Common/> He remarried to Denise Jansen.<ref name=Common/> Schwartz was a member of the ] Federation's real estate committee.<ref>{{Cite web|first= |last= |authorlink= |title=Real Estate Executive Council: Members |website=] Federation|date= |url=https://www.ujafedny.org/get-involved/join-a-group/rex/ |accessdate=|archive-url=https://web.archive.org/web/20151222155132/https://www.ujafedny.org/get-involved/join-a-group/rex/| archive-date=December 22, 2015}}</ref> In 2002, he and his wife donated $5 million to ].<ref>{{cite news|url=https://newspapers.library.in.gov/cgi-bin/indiana?a=d&d=JPOST20020814-01.1.7|title=Grants from Jewish sources announced|year=2002|newspaper=]}}</ref> | ||
| Schwartz died at his home in Manhattan on March 12, 2024, at the age of 98.<ref>{{cite news |title=Bernard L. Schwartz, Loral CEO Who Funded Democrats, Dies at 98 |url=https://www.bnnbloomberg.ca/bernard-l-schwartz-loral-ceo-who-funded-democrats-dies-at-98-1.2046203 |access-date=13 March 2024 |publisher=BNN Bloomberg |date=13 March 2024}}</ref> | |||
| ==References== | ==References== | ||
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Latest revision as of 00:36, 16 August 2024
American businessman (1935–2024) "Bernard Schwartz" redirects here. For the American film producer, see Bernard Schwartz (producer). For the actor born Bernard Schwartz, see Tony Curtis. For the house, see Bernard Schwartz House.| Bernard L. Schwartz | |
|---|---|
| Born | Bernard Leon Schwartz (1925-12-13)December 13, 1925 New York City, U.S. |
| Died | March 12, 2024(2024-03-12) (aged 98) New York City, U.S. |
| Education | City University of New York (BS) |
| Occupation | Businessman |
| Known for | Chairman and CEO, Loral Space & Communications |
| Spouses |
|
| Children | 2 |
Bernard Leon Schwartz (December 13, 1925 – March 12, 2024) was an American businessman who was Chairman of the Board and CEO of Loral Space & Communications, a position he held for 34 years. He also served as Chairman and CEO of K&F Industries, Inc., and president and CEO of Globalstar Telecommunications. He retired from Loral and his positions at its various subsidiaries and affiliates as of March 1, 2006. He was latterly the Chairman and CEO of BLS Investments, his own investment firm located in Manhattan.
Biography
Schwartz was born in Brooklyn, New York. and grew up in the Bensonhurst neighborhood of Brooklyn. He was Jewish. Schwartz graduated from Townsend Harris High School in NYC. He held a B.S. in finance and an honorary doctorate of science from City University of New York. He was a World War II veteran, having served in the US Army Air Corps. After school, he worked as an accountant eventually becoming a partner at a Wall Street firm. He then went on to serve as a vice president of American President Lines and then president of Reliance Insurance Co. (formerly Leasco) for four years. In 1972, he bought a 12% stake in Loral Corporation, a New York Stock Exchange-listed manufacturer of satellites and satellite systems, where he served as its Chairman and CEO for 34 years.
Political activities
Schwartz was a lifelong Democrat. According to NBC News, he was the largest single contributor to the Democratic Party from 1992 to 1996. In 1996, he celebrated his 71st birthday with Bill and Hillary Clinton at the White House. In 1998 Schwartz became embroiled in a campaign donations scandal and an alleged transfer of missile technology to China that occurred in 1996. He was exonerated of any wrongdoing in the campaign finance matter after a Justice Department investigation. Loral settled the missile transfer matter with the Justice Department in 2002, paying a $14 million fine and admitting no wrongdoing.
In 2016, Schwartz donated US$1 million to Priorities USA Action, a Super PAC supporting Democratic presidential candidate Hillary Clinton. Schwartz is also in the $5 million – $10 million bracket of donors to the Clinton Foundation.
Foreign Policy
In 2002, the Bernard L. Schwartz Senior Fellowship in Business and Foreign Policy was established at the Council on Foreign Relations with a gift from the Bernard and Irene Schwartz Foundation. The fellowship was created to focus on the global integration of financial markets and its implications for U.S. economic and foreign policy. Schwartz did not actually become a member of the Council on Foreign Relations until 2003, the following year.
Personal life
Schwartz was married to the former Irene Zanderer and lived in New York City; she died in 2014. They had two daughters. He remarried to Denise Jansen. Schwartz was a member of the United Jewish Appeal Federation's real estate committee. In 2002, he and his wife donated $5 million to Baruch College.
Schwartz died at his home in Manhattan on March 12, 2024, at the age of 98.
References
- ^ Schwartz, Bernard. "My American Story by Bernard Schwartz". The Common Good. Retrieved June 23, 2021.
- ^ "About Bernard Schwartz". The New School - Bernard Schwartz Center for Economic Policy Analysis. October 2007. Archived from the original on July 28, 2010.
- "Archive of "Bernard L. Schwartz Biography"" (PDF). Archived from the original (PDF) on 2016-05-30. Retrieved 16 December 2017.
- Dave Eisenstadt (1 May 1997). "Orbiter of Power". Mother Jones. Retrieved 13 December 2015.
- Rempel, William C.; Alan C. Miller (May 23, 2000). "Internal Justice Memo Excuses Loral From Funds Probe..." Los Angeles Times. p. A15. Retrieved 2009-08-07.
- DAVID JOHNSTON (June 9, 2000). "Justice Dept. Memo Says Donor Was Cleared". The New York Times.
Today, a Loral spokesman expressed satisfaction that the documents had finally come to light. We are pleased that the facts in this case have now been made public and that Mr. Schwartz and Loral are shown to be innocent of any wrongdoing, said Thomas B. Ross, a company vice president. Mr. Specter said in an interview that he did not realize at the hearing that Mr. Schwartz had been exonerated by the Justice Department because he had not seen Mr. La Bella's addendum.
- Michael Hirsh (2003). At War with Ourselves: Why America is Squandering Its Chance to Build a Better World. Oxford University Press. pp. 150–. ISBN 978-0-19-515269-2.
Bernard Schwartz was exonerated of all wrongdoing when the Justice ...
- The Washington Times. January 10, 2002. Loral settles charge it gave China data
- "The Top Donors Backing Hillary Clinton's Super PAC". Forbes. May 27, 2016.
- "Clinton Foundation". ClintonFoundation. Sep 25, 2019.
- ^ "The Bernard L. Schwartz Senior Fellowship in Business and Foreign Policy". Council on Foreign Relations. Retrieved June 23, 2021.
- "In Memoriam: Fall 2014–Winter 2015". Baruch College Alumni Association. 6 November 2014.
- "Real Estate Executive Council: Members". United Jewish Appeal Federation. Archived from the original on December 22, 2015.
- "Grants from Jewish sources announced". The Jewish Post. 2002.
- "Bernard L. Schwartz, Loral CEO Who Funded Democrats, Dies at 98". BNN Bloomberg. 13 March 2024. Retrieved 13 March 2024.
External links
Categories:- 1925 births
- 2024 deaths
- Philanthropists from New York (state)
- American chief executives
- 20th-century American Jews
- Businesspeople from Brooklyn
- Loral Space & Communications
- New York (state) Democrats
- American businesspeople in real estate
- Townsend Harris High School alumni
- United States Army Air Forces personnel of World War II
- 21st-century American Jews