"[14], Rubenstein has said that he was once offered the opportunity to meet Mark Zuckerberg (and invest in Facebook) before he dropped out of Harvard but decided against it, and this is his single greatest investment regret. We profiled 14 leaders on Carlyle's $53 billion lending division. [79], Rubenstein has donated $10 million to PBS to help fund Ken Burns documentaries and $5 million to the PBS affiliate in Washington, WETA, to help fund a new headquarters. His net worth has been estimated at . Then, in 1975, he became Chief Counsel to the U.S. Senate Judiciary Committees Subcommittee on Constitutional Amendments. [16], In 2018, he formed Declaration Capital, a family office focused on venture, growth, real estate, and family-owned businesses. Im guessing you know who is playing who. Mr. Ferguson owns 1,194,830 shares of The Carlyle Group stock worth more than $33,037,050 as of May 23rd. Net worth & previous ventures Key members of the Carlyle Group? Conway was owner of Merrywood, Jackie O's childhood home in McLean, Virginia, until 2005 when he sold the estate to former AOL CEO Steve Case for $24.5 million. So I said, Oh, if Im going to do it, I better do it now. Then obviously, as we built the firm, the money came along, and then you have to figure out what to do with the money.. He currently serves as group chairperson and nonexecutive director of The Bank of London, a clearing and payments bank, and is on the board of fintech SoFi Technologies and One Mind, a nonprofit. Compared to other private equity firms like Blackstone and KKR & Co., Carlyle sprang the CEOs departure on leadership and shareholders somewhat suddenly. [61] Rubenstein's first large gift to Duke was in 2002, when he donated $5 million to Duke's Sanford School of Public Policy in 2002; that gift led to the naming of Rubenstein Hall. In 2015, Marchetti drove the game-changing merger of YOOX and NET-A-PORTER to create the world leader in online luxury fashion. [17][18], Rubenstein was publicly criticized for the work of The Carlyle Group of which he is the chairman, which owns a number of mobile home parks and has been pushing poor people out of their mobile homes by hiking up the rental price. Carlyle went public at $22 a share in 2012 and ended Dec. 29, 2017, the Friday before Lee and Glenn Youngkin took over, at $22.90meaning Carlyles stock gained a mere 90 cents as a public company led by the founders. Records of stock sales indicate he owned over $25 million worth of Carlyle shares as of February 2022 and had sold shares worth $1.131 billion in recent years. We have to grow our business.Conway, however, didnt provide much guidance on how the new CEO should go about boosting shares. David Mark Rubenstein (born August 11, 1949) is an American lawyer, billionaire investor, philanthropist, and public servant. Allow Necessary Cookies & Continue How did David Rubenstein make his money? from the University of Chicago Law School in 1973, where he was an editor of the University of Chicago Law Review. This Brand is Introducing Sake To American Drinkers, Anti-Vaccination Accounts Try To Blame Madonnas Hospitalization On Covid-19 Vaccines, India Box Office: Kartik Aaryans Satyaprem Ki Katha Crosses $1 Million On Day One, Michigan Is Innovating In Crucial Battle For EV And Microchip Talent, A List Of More Changes In The New NBA Collective Bargaining Agreement. Succession has always been a big issue for private equity firms, with the aging founders of some firms refusing to hand over the reins to a younger generation. The Carlyle Group is an American YouTube channel with over 1.55K subscribers. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Dallas Mavericks Sign Undrafted Prospects Jordan Walker And Mike Miles Jr. A broad market contraction, along with recession fears, rising interest rates, and inflation have caused the shares of many public alternative managers to decline last year. He has been with Carlyle since 2013 and left the CEO position with several months left on a five-year contract. Since leaving Goldman, Schwartz was rumored in 2019 to be eyeing the top job at Wells Fargo, which is based in San Francisco, but he didnt want to move. This includes $108 million in performance-based restricted stock units, or PSUs, and $72 million in time-based restricted stock units that vest in five equal tranches between 2024 and 2028. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The estimated net worth of David M. Rubenstein is at least $890.65 million as of June 6th, 2022. The funds were also used to restore Jefferson's original road scheme, restore the second and third stories of Jefferson's home which were mostly empty, and replace infrastructure. According to Nkambule: "These concerns proved to be right as at the end of 2007 the buyout market collapsedAs leveraged loan activity came to an abrupt stop, private equity firms were unable to secure financing for their transactions. She recalls how, asglobal coheadof Goldmans securities division during the financial crisis, he navigated a delicate dispute involving a client who was concerned about potential risk fromthe troubled insurance giantAIG, but also protected Goldmans business with AIG. Mr. Rubenstein owns 29,249,644 shares of The Carlyle Group stock worth more than $890,651,660 as of April 3rd. Bachelor of Arts/Science, Dartmouth College. Related by financial asset: Carlyle Group, Related by origin of wealth: Private equity. While both Sheikh Jassim and Sir Jim Ratcliffe are looking for a full purchase of the Old Trafford outfit, the Carlyle Group are only interested in acquiring a minority stake but still will provide major investment. Sky News reported earlier this weekend that Carlyle's interest is 'serious' with discussions having taken place for some time. Carlyle currently says it has $376 billion in total assets under management. Kewsong Lee ( Korean : ; born August 12, 1965) is a Korean-American businessman who is the former chief executive officer (CEO) of private equity firm The Carlyle Group . @media(min-width:0px){#div-gpt-ad-starstat_yt-medrectangle-3-0-asloaded{max-width:320px!important;max-height:100px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,100],'starstat_yt-medrectangle-3','ezslot_4',115,'0','0'])};__ez_fad_position('div-gpt-ad-starstat_yt-medrectangle-3-0'); Below is an estimated average earnings from advertising on the channel, depending on language, price and current audience. Aug. 29, 2022. For example, Carlyles stock price must grow by25%from the so-called starting share price, which hasnt been determined yet, in 2024. In a 2020 interview with The New York Times, Rubenstein says he grew up relatively poor, the son of a mailman and a stay-at-home mom in a low-income row house in Baltimore. [7][8] He graduated from the college preparatory high school Baltimore City College, an all-male school at the time. Rubenstein was elected chairman of the board of the Kennedy Center in Washington, D.C., starting in May 2010. All rights reserved. I found that to be much more helpful and not political, she says. Sheikh Jassim and INEOS owner Sir Jim Ratcliffe are two primary frontrunners as the auction for the club reaches its closing stages, while once-interested Finnish entrepreneur Thomas Zilliacus has bowed out of the race. D'Aniello. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Jun 30, 2023, 4:00 PM EDT - Market closed. Schwartz is a respected business builder with significant leadership experience in a high-performing, highly competitive global financial institution, Conway said on a conference call Tuesday discussing Carlyles fourth quarter results. The Carlyle Group has a market cap or net worth of $11.57 billion as of July 1, 2023. Global Credit unit advises funds & vehicles that pursue investment strategies, like loans & structured credit, direct lending, opportunistic credit, distressed credit, aircraft financing & servicing, infrastructure debt and insurance solutions. They dont think they can rise to the top.. The Carlyle Group has a market cap or net worth of $11.01 billion as of June 27, 2023. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In early August, Lee was informed that Carlyles cofounders planned to become more involved with the company and its strategy, which Lee found unacceptable, according to the New York Times. [64] In 2012, he donated $15 million to support the university's Innovation and Entrepreneurship Initiative[65] and $10 million to support Duke Athletics. Net worth is calculated based on the publicly available CPM (cost per thousand views) paid by advertisers. Conway contributed $10.5 million in 2020 to his son Bill Conway's failed campaign for Cook County State's Attorney in Illinois. Leigh Farris +1 (212) 813-4815 [email protected]. He has extensive private equity investment experience, serving in leadership roles within the US Buyout group for the last 30 years. No Marcus Smart, No Grant Williams, No In-Your-Face Celtics Leader? All Rights Reserved. They met while both were working for the Carter Administration and married on May 21, 1983. This net worth evaluation does not reflect any other investments that Mr. Rubenstein may own. [44][45], In 2013, he donated $50 million to the John F. Kennedy Center for the Performing Arts, which was used for a 65,000 square foot addition. All Rights Reserved. Schwartz is well known on Wall Street. One issue Schwartz will face is how to handle Carlyles cofounders: Bill Conway, David Rubenstein, and Daniel DAniello. David Mark Rubenstein (born August 11, 1949) is an American lawyer and billionaire businessman. This compares to other public alt managers like Blackstone, whose AUM more than doubled between 2012 and 2017. But there was no mention of his own contribution of $50,000 to the fundraiser, or the fact that he's co-founder of the Carlyle Group private equity firm, or that he's worth $3 billion. The Park Service plans to create 15,000 square feet of visitor space in the undercroft of the memorial. [38] Records of stock sales indicate he owned over $25 million worth of Carlyle shares as of February 2022 and had sold shares worth $1.131 billion in recent years. Casey Sullivan and Reed Alexander. Andrew HarrerBloomberg/Getty Images At a towering 6-foot-4, with a black belt in karate, Harvey. One thing Schwartz will focus on is boosting Carlyles lagging stock price, Conway said. About 44% of Carlyles $373 billion in assets under management came from global private equity in Q4 of 2022, down from 54% in the same quarter a year earlier. The former Goldman executive focuses more on performance from his employees and does not take playing politics well, one of the people said. FORTUNE may receive compensation for some links to products and services on this website. He continues to maintain close relationships with many former Goldman female partners, she added. [9] He earned his J.D. Conway serves as Co-Executive Chairman of the Board, Founder of the Carlyle Group. The list of new provisions and modified clauses in the 2023 NBA Collective Bargaining Agreement is a long one. $260 billion of that was fee-earning and $81 billion was available for future investment capital as of June 30, 2022. This left Lee as sole CEO of Carlyle. People may receive compensation for some links to products and services on this website. "Together, across our firm, our mission is to drive long-term value for our investors, companies, shareholders, people and communities," they state on their website. Carlyle Group has picked Harvey Schwartz, a former Goldman Sachs executive, to be its next CEO. At that time, they committed $2 million to a buyout fund, Carlyle Partners II, a tiny fraction of the $1.3 billion raised for the fund. Canned sakes and collaborative bottles, all packaged and marketed in a way that draws drinkers in to the wonderful world of sake. Following that appointment, he joined the Washington D.C. law firm now known as Pillsbury Winthrop Shaw Pittman. [1] [2] [68] In 2015, Rubenstein gave $25 million towards the construction of a new 71,000-square foot Arts Center. [51], In July 2014, he donated $12 million towards the refurbishment of Arlington House at Arlington National Cemetery. [46], In 2013, he donated $10 million towards the construction of a library at George Washington's Mount Vernon. Manage Settings We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The estimated net worth of Jeffrey W. Ferguson is at least $33.04 million as of February 7th, 2023. Kewsong Lee, the CEO of private equity firm Carlyle Group, Inc., is leaving the role months before his contract was scheduled to end. A new atrium was named for him. The Carlyle Group are a leading US-based, yet multinational, private equity group. [3][10], From 1973 to 1975, Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison. $2.5 billion, according to our most recent tally. We were looking for somebody who could relate to people like you in Wall Street and tell our story, a wide range of skills. This will help us refine the calculations and provide the most accurate estimate of The Carlyle Group's net worth. The Washington Post pegged his net worth at around a massive $400 million. Alomar, who has worked on many David Bowie albums, will take part in this weekend's David Bowie World Fan Convention in New York City. According to the bio on his website, Rubenstein graduated magna cum laude from Duke University and then attended University of Chicago Law School, where edited the Law Review. From 1977 to 1981, Rubenstein worked for then-President Jimmy Carter as the Deputy Assistant to the President for Domestic Policy. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Videos on the channel are categorized into Knowledge, Society, Business. Rubenstein hosts two shows on Bloomberg Television: The David Rubenstein Show: Peer to Peer Conversations and Bloomberg Wealth with David Rubenstein. Since 2011, Rubenstein has donated to the National Zoo to promote panda procreation through conservation efforts in China and reproductive science research. In addition, he makes $16,053,600 as Chief Executive Officer and Director at Carlyle Inc. Mr. Lee CG stock SEC Form 4 insiders trading From 1975 to 1976, he served as chief counsel to the U.S. Senate Judiciary Committee's Subcommittee on Constitutional Amendments. Media. Carlyle was one of the first of the major public firms to set out succession plans but has had problems retaining its chosen leaders. Who Are David Corenswet And Rachel Brosnahan, The New Superman And Lois Lane? Schwartz spent two decades at Goldman, including holding roles as CFO, as well as president and cochief operating officer. The group was founded in 1987 by. William Conway Jr. is one of three billionaire founders of private equity firm Carlyle Group. 2023 Minute Media - All rights reserved. Total assets under management grew 24% to $373 billion as of Dec. 31. He also orchestrated the firms departure from hedge funds. He was chairman of the board of regents of the Smithsonian Institution. Global investment solutions, which includes private equity asset manager AlpInvest, dropped 5% to 17% of Carlyles AUM. [78] He is also an Emeritus Trustee of the Johns Hopkins University Board of Trustees. view in list. "[41] Another $4.5 million was donated in September 2015, about four weeks after a male giant panda cub was born. The Carlyle Group can also be reached via phone at (202) 729-5626 and via email at [email protected]. Learn More on Charles Elliot Andrews, Jr.'s contact information. Curt Buser, Carlyles interim CFO, said he was really proud of the diversification across the platform and deployment., Fixing Carlyles stock price is a major factor in Schwartzs hefty pay package. We manage $381 billion in assets, spanning 3 business segments and 562 investment vehicles, investing wisely and responsibly over the long-term. Market Realist is a registered trademark. He told Amazon founder Jeff Bezos that if he got lucky and everything worked out he would at most be worth $300 million. First, there was Michael Cavanagh, former cohead of investment banking at JPMorgan Chase and a top Jamie Dimon lieutenant, who joined Carlyle in March of 2014. I cant tell you how happy I am that hes here, Conway said. Their aforementioned CEO, Harvey Schwartz, is believed to boast a net worth of around $93m, though the official figure is unsure. ?It provides investment management services to private equity funds, real estate funds, private credit funds, collateralized loan obligations, etc. A former government official,[2] he is a co-founder and co-chairman of the private equity firm The Carlyle Group,[3][4] a global private equity investment company based in Washington, D.C. maintain a net worth of $1 million dollars or more, or demonstrate "defined measures of . All Rights Reserved. This Brand is Introducing Sake To American Drinkers, Anti-Vaccination Accounts Try To Blame Madonnas Hospitalization On Covid-19 Vaccines, India Box Office: Kartik Aaryans Satyaprem Ki Katha Crosses $1 Million On Day One, Michigan Is Innovating In Crucial Battle For EV And Microchip Talent, A List Of More Changes In The New NBA Collective Bargaining Agreement. Rubenstein Wed To Alice Nicole Rogoff", "Billionaire David Rubenstein and his wife, Alice Rogoff, divorce", "Trump campaign unveils Alaska backers, including Treadwell, McGuire", "40 billionaires pledge to donate half their wealth", "Magna Carta bought for $21m by US tycoon", "Magna Carta Returns to National Archives", "Carlyle CEO buys 1776 printing of Declaration of Independence", "Billionaire Snaps Up Lincoln's Emancipation Proclamation For $2 Million", "Carlyle Co-Founder Gives $10 Million for White House History Center", "Abel Buell map of U.S. (Geography and Map Reading Room, Library of Congress)", "Billionaire forks over $14.2 million for latest patriotic gift", "Carlyle Group co-founder named chairman of Kennedy Center board", "Billionaire philanthropist Rubenstein to give millions to help fix Washington Monument", "National Zoo announces $4.5 million gift to support panda program", "National Zoo's Giant Panda Habitat Named for Donor David M. Rubenstein", "National Gallery of Art Board of Trustees Elects Indra Nooyi as New Trustee; Sharon Rockefeller Retires as Chairman; Trustees Elect David Rubenstein as Chairman", "Billionaire David Rubenstein gives Washington Monument repair effort $7.5M boost", "Washington Monument Gets $7.5M for Repairs", "KC firm BNIM will help design $100 million expansion of Kennedy Center", "David Rubenstein Donates $10 Million to Mount Vernon Library", "Monticello's Historic Mountaintop Project to Receive Second $10 Million Gift", "$10M gift spurs restoration at Jefferson's estate", "World's most valuable book sells for record $14.1 million Toronto Star", "David Rubenstein Shines Light on James Madison's Montpelier with $10 Million Gift", "David Rubenstein Gives $12.3 Million to Restore Arlington House", "David Rubenstein Donates $20 Million for New Building at the Institute for Advanced Study", "Philanthropist David Rubenstein Gives $18M to Refurbish Lincoln Memorial", "David Rubenstein Donates $18.5 Million to the National Park Foundation to Restore the Lincoln Memorial", "Washington Monument to remain closed for at least two more years", "Our Long 3-Year Wait Is Over: The Washington Monument Reopens", "David M. Rubenstein Center for Pancreatic Cancer Research | Memorial Sloan Kettering Cancer Center", "Patriotic Philanthropist David Rubenstein Donates $10 Million to Create State-of-the-Art Museum and Enhance Visitor Experience at Thomas Jefferson Memorial in Washington, DC", "Library of Congress to receive $10 million gift to help upgrade its Jefferson Building", "David Rubenstein to leave Duke's Board of Trustees in 2017 after years of University contributions", "David Rubenstein Commits $10 Million to Duke's Sanford School of Public Policy", "Duke trustee donates $5.75 million for public policy school", "Duke Libraries Receive $13.6 Million Rubenstein Gift", "Rubenstein Gives $15 Million for Duke's Innovation and Entrepreneurship Initiative", "Rubenstein donates $10 million to the Sanford School of Public Policy", "Rubenstein Gift to Enhance Jewish Life at Duke", "$25 Million Gift, $50 Million Center to Elevate Arts", "$20 Million Gift Endows First-Generation Scholarship Program", "Two business leaders join University Board of Trustees", "David Rubenstein Commits $13 Million to UChicago Law School", "David Rubenstein, '73, Renews Rubenstein Scholars Program with Additional $10 Million Gift", "Rubenstein Gives $5M to K-School | News | The Harvard Crimson", "New $15 Million Gift from David Rubenstein Creates Center to Help Restore Hearing Loss - 10/13/2015", "Johns Hopkins Department of Otolaryngology-Head and Neck Surgery receives $15M contribution", "Philanthropist David M. Rubenstein Establishes Fund at WETA, Flagship Public Broadcaster in the Nation's Capital", "David Rubenstein gives $15 million to Holocaust Museum", "Golden Plate Awardees of the American Academy of Achievement", "2006 Summit Highlights Photo: Awards Council member Eli Broad, an entrepreneur and philanthropist, presents the Golden Plate Award to David M. Rubenstein, Co-founder and Managing Director of The Carlyle Group, at the International Achievement Summit", "Join David M. Rubenstein and Master Historians December 16", "David M. Rubenstein, '73: "Received the Liberty & Justice for All Award on Wednesday from the LBJ Foundation at a gala event at the National Archives in Washington", "Chief Executive Leadership Institute Honors David M. Rubenstein of the Carlyle Group", "ABANA to Honor David Rubenstein for his Contributions to the MENA Region", "David M. Rubenstein Advises MBAs to Follow their Passions and Lead by Example", "Brenda Armstrong, David Rubenstein to Receive Duke's Highest Honor", "2019 Public Service Award Dinner Honoring David Rubenstein", "Brown to confer seven honorary degrees at Commencement 2019", "David Rubenstein to Host Bloomberg TV Series", The Brookings Institution Board of Trustees, "The Carlyle Group Names New Executive Leadership Team | The Carlyle Group", University of Chicago Board of Trustees, Council on Foreign Relations Board of Directors, "David M. Rubenstein to Join Harvard Corporation", Institute for Advanced Study Board of Trustees, Johns Hopkins University Board of Trustees, Kennedy Center for the Performing Arts Board of Trustees, "Librarian of Congress Announces David M. Rubenstein as Chairman of James Madison Council", Smithsonian Institution Board of Regents, History of private equity and venture capital, https://en.wikipedia.org/w/index.php?title=David_Rubenstein&oldid=1155442048, American chief executives of financial services companies, Chairs of the Council on Foreign Relations, Paul, Weiss, Rifkind, Wharton & Garrison people, Private equity and venture capital investors, Trustees of the Institute for Advanced Study, Short description is different from Wikidata, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 4.0, 2011, National Archives Foundations Records of Achievement Award, for his loan of the 1297 Magna Carta as well as a rare Stone engraving of the Declaration of Independence to the National Archives for public display, 2017, LBJ Foundations Liberty & Justice for All Award, 2018, Legend in Leadership Award of Yale SOMs Chief Executive Leadership Institute, 2019, Dukes University Medal, the schools highest honor, 2019, The Harvard Club of Washington, DC's Public Service Award, American Academy of Arts & Sciences, board member, The Carlyle Group co-founder and Co-Chairman, Harvard Global Advisory Council Chairman, Library of Congress Madison Council (Chairman), Memorial Sloan-Kettering Cancer Center Trustee, This page was last edited on 18 May 2023, at 04:59. Mr. Lee owns over 359,317 units of Carlyle Inc stock worth over $21,891,985 and over the last 20 years he sold CG stock worth over $1,131,184,157. Most sites have been selected, so the crucial next battleground in the war for industrial expansion will be talent. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. The company's net worth, however, is believed to be around the $11bn mark. In the early days Rubenstein raised the money and managed Carlyle's stable of advisers, which included George H.W. The list of new provisions and modified clauses in the 2023 NBA Collective Bargaining Agreement is a long one. A special, staged reading showcasing Ukrainian playwrights, Just Tell No One, will be streamed free tonight from Lincoln Centers David Rubenstein Atrium. Though it was founded in Washington D.C., its expanding global team consists of more than 2,100 professionals plying their trade in 29 offices across five continents. Robert F. Kennedy Jr. made unfounded claims about vaccination and autism and that The only medicine that never gets tested are vaccines. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. I do think that the private equity industry has a great future and that the greatest period for private equity is probably ahead of us. The Carlyle Group . How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Interestingly, Conway noted that Schwartz was Carlyles first choice and that he was unanimously chosen by the board. Carlyle reached out to several Wall Street executives to fill the position including Gary Cohn, a former president of Goldman, and Mary Erdoes of JPMorgan Chase, who is seen as a possible successor to CEO Jamie Dimon, the New York Times reported. Mental health advocacy is part of my healing journey.. Total liabilities can be defined as the total value of all possible claims against the corporation. Carlyle Group net worth as of June 23, 2023 is $11.04B. . Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He also hosts History with David Rubenstein on PBS, a TV show produced by the New-York Historical Society. Carlyles stock is one of the worst performing, falling more than 27% over the past 12 months. But finding a fiery leader is the team's new challenge. Compare CG With Other Stocks By comparison, Blackstones shares were down about 26% for the 52 weeks, while KKR was off by more than 8%. Powered and implemented by Interactive Data Managed Solutions. Before that, the stock floundered. Michigan is trying to get a leg up.I. This book contains Rubenstein's reflections on leadership as well as 30 interviews with business, government, military, sports and cultural leaders. Lee was at the private equity firm Warburg Pincus for 21 years. The "Died Suddenly" social media account has tried to blame various deaths and health crisis on Covid-19 vaccination despite lack of any real evidence. [15] Rubenstein also said that he turned down a 20% stake in Amazon during the very early years of the company. Michigan is trying to get a leg up.I. [58], In October 2019, the National Park Foundation announced that David Rubenstein donated $10 million for upgrades to the Thomas Jefferson Memorial in Washington, D.C. Conway stepped down as co-CEO in January 2018 and now serves as non-executive co-chairman with cofounder and billionaire David Rubenstein. Further information is available at www.carlyle.com. Before getting into politics, Youngkin was a longtime employee. Daily market news in bullet point format. He is chairman of the Kennedy Center for the Performing Arts, chairman of the National Gallery of Art, chairman of the Council on Foreign Relations, chairman of The Economic Club of Washington, D.C., former chairman of the Duke University Board of Trustees, and former chairman of the Smithsonian Institution. And Im going to do everything I can to help him be successful andincluding staying out of his way, if thats the right part of the solution.