Archive for September, 2009

Profiles in Business: Ken Mehlman

Monday, September 14th, 2009

Ken Mehlman serves as the head and managing director of Global Public Affairs at Kohlberg Kravis Roberts & Co. He is responsible for overseeing public, government, as well as global investor relations.

Before joining KKR, Ken Mehlman had served as a partner at Akin, Gump, Strauss, Hauer & Feld. During those days, he was able to offer his knowledge and assistance to a number of companies and individuals in handling business related risks. In addition, Ken Mehlman was also able to extend his assistance towards these individuals and businesses by helping them grasp opportunities that would provide them with an access to public policy and business.

Moreover, Ken Mehlman was also able to work in public service for a couple of years. He had served as the 62nd chairman of the Republican National Committee from 2005 to 2007. In 2004, he was able to serve as a campaign manager for the re-election campaign of former US president George Bush. Mehlman was also able to serve in high ranking positions in the Congress and in the White House. Additionally, during the administration of President George Bush, Ken Mehlman had served as a political director of the White House.

Currently, Ken Mehlman keeps himself busy by actively involving himself in a variety of organizations such as:

• the Senior Advisory Committee of the Harvard University Institute of Politics,
• the Council on Foreign Relations,
• the executive leadership cabinet of Martin Luther King Jr. National Memorial Foundation,
• the Council on Foreign Relations Climate Change Task Force, and finally
• the director’s board of the National Endowment for Democracy.

Ken Mehlman obtained his BA degree from the Franklin and Marshall College in Lancaster City. In addition to that, Ken Mehlman also holds a Juris Doctor degree from Harvard Law School in 1991.

Harvard University Receives $25M from Bruce Wasserstein

Tuesday, September 1st, 2009

In 2007, Harvard University’s Law School received $25 million in donations. The contribution, made by alumnus Bruce Wasserstein, is the second largest ever made to the school.

It has largely been used to bankroll the building of a significant edifice in Harvard Law School (HLS). Set to be completed in 2011, the structure would be an ultramodern facility housing centers for students, teachers, doctors, and nurses.

In all, the building will sprawl across 250,000 square feet. It would have three concourses, including a student wing and an academic center aptly called Wasserstein Hall. The latter would effectively serve as the law school’s pedagogical center, an ideal venue to hold basic freshmen courses, seminars, and such. A large clinic is also set to rise within the building.

For these to happen, the Everett Street parking area—–an eyesore on the campus, in Dean Elena Kagan’s words—gave way to the edifice. The new structure also obliterated a dormitory, Wyeth Hall, and demolished a portion of Pound Hall to build a courtyard near Harkness Commons. Construction also forced two houses to relocate further away along Massachusetts Avenue.

Wasserstein’s gift is second only in size to that from Finn M.W. Caspersen, who gave $30 million. Caspersen chairs HLS’s $400 million capital campaign, which rose to $342 million upon Wasserstein’s contribution.

Like Caspersen, Bruce Wasserstein has a great record in generosity to Harvard University, from whose law and business schools he graduated. Together with 10 other alumni, he gifted HLS with over $5 million in 2003. He also co-created the Morris Wasserstein Public Interest Summer Fellowship Program, named after his father.

Bruce Wasserstein’s gift marks one of only a few used for constructing edifices in HLS. Others are usually made to create endowments. HLS received its last contribution for construction in 1995, from Gustave and Rita Hauser. Their $13-million donation made possible the construction of Hauser Hall, which houses faculty chambers and classrooms.

Bruce Wasserstein is the CEO of Lazard, one of the oldest and biggest financial asset management companies in the world. Forbes has ranked him one of the 400 richest American billionaires.

Sources:

http://www.lazard.com/