Archive for October, 2009

New NASA Leaders

Thursday, October 29th, 2009

President Barack Obama chose Charles Bolden, a former astronaut, along with lobbyist Lori Garver, as the new administrators of the country’s space agency, NASA. The announcement came after one week where the President kept the media and the people speculating and guessing. Bolden is to take the job of administrator while Garver will be NASA’s deputy administrator after approval from the United States Senate.

Prior to the appointment, the White House formed a blue ribbon panel led by Norm Augustine, the ex-aerospace manager. The panel’s main task was to explore options directed towards future efforts focused on human space flight.

Charles Frank Bolden, Jr. graduated from the United States Naval Academy (USNA) in 1968. After his graduation, he served as 2nd Lieutenant in the United States Marine Corps. In 1970, he became a naval aviator and flew over Laos, Cambodia, and Vietnam from 1972 to 1973. Before becoming a NASA astronaut candidate in 1980, Bolden served the US Marines in various capacities. He became a full-fledged astronaut in 1981 and became a part of several significant spaceflights (Space Shuttles Atlantis, Discovery, and Columbia). At present, he sits on the Military Child Education Coalition’s board and acts as Kennedy Space Center’s virtual host for the Shuttle Launch Experience.
Once he gets Senate approval, Bolden will become the first African American to lead the space agency.

Bolden’s partner, Lori Garver, is the proud owner of a George Washington University master’s degree in Science, Technology, and Public Policy. She received her Political Science and Economics degree in 1983 upon graduation from Colorado College. Garver is Capital Space LLC’s president and is widely known as an adviser for the Democrats in issues related to space policy. She previously worked as NASA’s Associate Administrator of the Office of Policy and Plans.

Both Bolden and Garver will face big responsibilities as NASA continues to work on the new launcher set to replace the space shuttle.

Ken Langone Joins NIAF Board

Thursday, October 29th, 2009

NIAF, or the National Italian American Foundation, elected Kenneth Langone to the foundation’s board of directors in early 2008 during an election that took place at the Embassy of Italy in Washington, D.C.As co-founder of Home Depot, Ken Langone is seen as an expert in business and finance. His presence in the NIAF board, according to Dr. A. Kenneth Ciongoli, NIAF Chairman, will strengthen the board. In a press release that came out on March 26, 2008, it was revealed that other members of the NIAF board include some of the country’s best and most prominent business leaders. A non-profit organization, NIAF is committed to preserving the heritage of Italian Americans.

Ken Langone, who also has extensive exposure in philanthropy, is a member of numerous boards like New York University’s Medical School and Hospital and the Overseers of the NYU Stern School of Business. Langone has been active in the business community for over 40 years.

Born in Roslyn Heights, New York, Langone grew up in a close-knit Italian family.

Educated at Pennsylvania’s Bucknell University, Langone did odd jobs in order to help his parents pay for his education. He eventually graduated with a BA in Economics after three and a half years. In 1960, Langone received his MBA from New York University. He then went on to serve the United States military for two years.

Before making it big with Home Depot, Langone set up a deal with Electronic Data Systems, a company owned by Ross Perot. He then went on with his desire for self-study and took it upon himself to learn the ropes of the home improvement business before buying stocks in a home improvement business chain called Handy Dan.

Ken Langone became good friends with Handy Dan’s CEO (Bernard Marcus) and CFO (Arthur Blank). He eventually teamed up with the two to establish Home Depot.

Today, Home Depot has stores nationwide and employs more than 300,000 people. In 2006 alone, its earnings were estimated at $5.8 billion. It has become the world’s most popular home improvement retailer and it is mostly because of one man: Ken Langone.