Mortimer Zuckerman
American businessman
Mortimer Zuckerman
Mortimer Benjamin "Mort" Zuckerman is a Canadian-born American real estate tycoon and media proprietor. He is the co-founder, chairman and CEO of Boston Properties, one of the largest real estate investment trusts in the United States. Zuckerman is also the owner and publisher of the New York Daily News and of U.S. News & World Report, where he serves as editor-in-chief. He formerly owned The Atlantic and Fast Money. His personal net worth is estimated at $2.4 billion.
Biography
Mortimer Zuckerman's personal information overview.
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News
News abour Mortimer Zuckerman from around the web
Publisher Zuckerman announces US-Israel science initiative
Yahoo News - about 1 year
NEW YORK (AP) — Real estate magnate and publisher Mortimer Zuckerman has announced a scholarship program to pay for American graduate students in the sciences to study in Israel.
Article Link:
Yahoo News article
Daily News Threatens Union Drivers
Huffington Post - over 1 year
New York Daily News owner Mort Zuckerman is doing everything he can to make his paper seem more appealing to buyers. His latest move is to threaten union drivers with an all-digital format. According to The New York Post, Daily News CEO Bill Holiber sent a letter to the union explaining that if the union’s four-year contract is not ratified the Daily News would switch to digital only. That would mean roughly 220 drivers would be out of a job. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Article Link:
Huffington Post article
Pierre Omidyar and the bottomless optimism of billionaire publishers
Reuters Canada - over 3 years
Ebay founder Pierre Omidyar – reckoned to be worth $8.5 billion — inspired tens of thousands of journalists to freshen their resumes this week when word of his plan to start his own mass media organization leaked out. With Glenn Greenwald, Jeremy Scahill, and Laura Poitras announced as its first hires, the outlet will emphasize investigative journalism, but as Omidyar explained in a post, the site will serve all news. Rattling his dumpster of cash, Omidyar will soon join other billionaires who made their money elsewhere and now peddle product at the newsstand, including Michael Bloomberg of Bloomberg News, Jeff Bezos of the Washington Post, Herb Sandler of ProPublica, Philip Anschutz of the Weekly Standard and the Washington Examiner, Mortimer Zuckerman of the Daily News and U.S. News and World Report, Richard Mellon Scaife of the Pittsburgh Tribune-Review, John Henry of the Boston Globe, the late Sidney Harman of Newsweek, and the late convicted felon Rev. Sun Myung Moon of the Wash ...
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Reuters Canada article
Mort Zuckerman: A Jobless Recovery Is a Phony Recovery
Wall Street Journal - over 3 years
More people have left the workforce than got a new job during the recovery by a factor of nearly three.
Article Link:
Wall Street Journal article
Len Levitt: Mayor Mike: Messing With the Times at His Peril
Huffington Post - almost 4 years
Years ago, an old Jewish defense attorney offered a cynical lesson in criminal procedure. "When you got nothing," he said, "cry anti-Semitism." Mayor Michael Bloomberg recently tried out his own version of this. With the NYPD's signature stop and frisk policy crumbling before his eyes, Bloomberg appeared last week before the department's top brass at Police Plaza and cried, the New York Times. Mayor Mike was obviously feeling bereft. As a class-action lawsuit plays out in federal court, former allies are questioning the effectiveness -- to say nothing of the constitutionality -- of stop and frisk, which Bloomberg and Police Commissioner Ray Kelly maintain has reduced the number of guns on the streets and led to the city's record-low crime rates. So Bloomberg took a drastic step. Unlike his predecessor Rudy Giuliani, who micromanaged the NYPD from City Hall, Bloomberg, for perhaps the first time in his 12-year mayoralty, took center stage from Kelly, and person ...
Article Link:
Huffington Post article
Mortimer Zuckerman: By Any Measure, the Jobs Disaster Continues
Wall Street Journal - about 4 years
Twelve million out of work, 48 million on food stamps, 11 million on disability. All that's missing: bread lines.
Article Link:
Wall Street Journal article
Unsolicited advice for New Republic owner Chris Hughes
Reuters Canada - about 4 years
For more than a century, rich guys who think they’re smarter than the rich guys who came before them have been buying money-losing publications under the impression that by spending more money than their deep-pocketed predecessors, they’ll turn the red ink black. This tradition, whose ranks include such modern vanity moguls as Mortimer Zuckerman (Atlantic, U.S. News & World Report), Sidney Harman (Newsweek), Arthur L. Carter (Nation, New York Observer), Philip Anschutz (San Francisco Examiner, Weekly Standard), David Bradley (Atlantic, National Journal), Michael Bloomberg (Bloomberg Businessweek), Richard Mellon Scaife (Pittsburgh Tribune-Review), and Martin Peretz (New Republic), gained a new adherent about a year ago when Chris Hughes, a Facebook co-founder whose net worth currently bounces around in the vicinity of the half-billion mark, purchased the New Republic. Since then, Hughes has followed the century-old script to a T, wheel-barreling a load of cash into the magazine, ...
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Reuters Canada article
Len Levitt: Predictions 2013: All Eyes on Bratton
Huffington Post - about 4 years
JANUARY. City Council Speaker and mayoral front-runner Christine Quinn, who appeared to favor reappointing Ray Kelly police commissioner, meets with former Police Commissioner Bratton. Quinn says her meeting with Bratton -- who has also met with her three mayoral rivals to tell them of his availability to return as police commissioner -- is unrelated to Mayor Michael Bloomberg's asking Hillary Clinton to enter the mayoral race. "It's true, I thought I was Mike's number one, but Bill does have some interesting ideas about policing," Quinn says after the meeting. "And he is actually a very nice person when he's not talking about himself." FEBRUARY. The Police Foundation presents its first "Ray Kelly Courage in Academia Award" to CUNY Chancellor Matthew Goldstein. In September 2011, after NYPD Confidential reported that the NYPD's Intelligence Division had spied on Muslim students groups at half-a-dozen City University campuses, Goldstein issued the following stat ...
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Huffington Post article
Mort Zuckerman gifts $200 million to Columbia for brain research
Reuters.com - about 4 years
NEW YORK (Reuters) - Mortimer Zuckerman, the chairman and chief executive of office owner Boston Properties Inc, has pledged $200 million to endow a Mind Brain Behavior Institute at Columbia University.
Article Link:
Reuters.com article
Those Jobless Numbers Are Even Worse Than They Look (Mortimer Zuckerman/Wall Street Journal)
Memeorandum - over 4 years
Mortimer Zuckerman / Wall Street Journal: Those Jobless Numbers Are Even Worse Than They Look  —  Still above 8%—and closer to 19% in a truer accounting.  Here's a plan for improvement.  —  Don't be fooled by the headline unemployment number of 8.1% announced on Friday.  The reason the number dropped to 8.1% from 8.3% in July …
Article Link:
Memeorandum article
Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look
Wall Street Journal - over 4 years
Still above 8%—and closer to 19% in a truer accounting. Here's a plan for improvement.
Article Link:
Wall Street Journal article
How Bloomberg can still run Washington
Reuters - over 4 years
At the age of 70, Michael R. Bloomberg nears an actuarial end that not even his $22 billion net worth can reverse. By giving him a measly 13 years of life expectancy, the law of averages has made the New York mayor acutely aware of time. In 2006, he installed a countdown clock in his mayoral headquarters that marked time until the end of his second term. As his third term commenced in 2009, Bloomberg escalated his war on time, putting a stopwatch to meetings. Was he racing the clock, or, as the co-inventor of the Bloomberg Terminal, did he think that a firmer grasp on life’s raw data would prolong his life? Before he’s ushered to his reward, Bloomberg – whose current term as mayor ends at the close of 2013 – yearns to do something as grand as revolutionizing Wall Street, making billions, and running New York City government. Ordinary billionaires find this sort of psychic remuneration in philanthropy, but Bloomberg, a generous donor, is no ordinary billionaire. Philanthropy giv ...
Article Link:
Reuters article
Tenant Grows at New Office Tower in New York
Wall Street Journal - over 4 years
As real-estate mogul Mort Zuckerman’s Boston Properties tries to woo more tenants for a glass tower under construction in Midtown Manhattan, he’s hit pay dirt again with his initial renter.
Article Link:
Wall Street Journal article
Rentals the One Positive Area of Real Estate?
Fox Business News - almost 5 years
Boston Properties CEO Mort Zuckerman on the outlook for the housing market and the economy.
Article Link:
Fox Business News article
American Gridlock
New America Foundation - almost 5 years
Why the Left and Right are Both Wrong Event Venue:  New America DC The pressing problems of massive debt, high unemployment, and anemic economic growth have increasingly divided the populace into warring political camps. Yet the current overwrought debate between free market capitalism and a government-driven economy distracts us from reaching logical, common-sense solutions to our biggest economic and social problems. Starting with first principles and using deductive analysis, leading economist and financial markets analyst H. Woody Brock eschews today's ideologically determined positions and offers new “win-win” policy prescriptions that transcend the current ideological divide. In his new book, American Gridlock: Why the Left and ...
Article Link:
New America Foundation article
Chris Hughes friends the New Republic
Reuters Canada - almost 5 years
Chris Hughes joins the pantheon of vanity press moguls with the announcement today of his purchase of a majority interest in the New Republic. The 28-year-old Hughes, a co-founder of Facebook, commands a net worth that Forbes put “in the $700 million range” last year. Based on this portfolio, Hughes should be able to sustain the magazine’s annual losses — which Anne Peretz, the ex-wife of former owner Martin Peretz put at $3 million a year — for a couple of hundred years after his death. Of course, vanity press moguls rarely commit to their publications for life, and few sustain the relationship after death. Learning nothing from the vanity moguls who have gone before them, they recycle all of their errors. As their publisher’s promises to cut deficits and turn a small profit go unmet; as the editor he inherited from the previous regime turns out to be a dolt; as the staff gets caught giggling about the stupid things the vanity mogul said in story meetings; as the mag ends up mak ...
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Reuters Canada article
EPA's regulations will cost us even more - Staunton News Leader
Google News - over 5 years
A recent article by Mortimer Zuckerman, CEO and editor of US News and World Report, liberal and former Obama supporter, believes there's some of all the above explanations. Looking at the EPA's new order, obviously a stab at reducing carbon dioxide
Article Link:
Google News article
Zuckerman Says `Very Little' of Obama's Plan Will Pass - Washington Post
Google News - over 5 years
9 (Bloomberg) -- Mortimer Zuckerman, chief executive officer of Boston Properties Inc., discusses President Barack Obama's $447 billion jobs plan. Zuckerman, speaking with Betty Liu on Bloomberg Television's "In the Loop," also talks about commercial
Article Link:
Google News article
Obama Proposes Cutting Payroll Taxes in Half - Bloomberg
Google News - over 5 years
9 (Bloomberg) -- Mortimer Zuckerman, chief executive officer of Boston Properties Inc., discusses President Barack Obama's $447 billion jobs plan. Zuckerman, speaking with Betty Liu on Bloomberg Television's "In the Loop," also talks about commercial
Article Link:
Google News article
Jawboning By Starbucks CEO Schultz Highlights CEO Political Divide - brandchannel.com
Google News - over 5 years
Or like Mortimer Zuckerman, the real estate magnate and publisher of US News & World Report, who wrote last week in the Wall Street Journal that Obama "seems unable to get a firm grip on the toughest issue facing his presidency and the country -- the
Article Link:
Google News article
Timeline
Learn about memorable moments in the evolution of Mortimer Zuckerman
    LATE_ADULTHOOD
  • 2015
    Age 77
    Zuckerman last appeared on The McLaughlin Group on July 31, 2015, making a strong case for Texas governor Rick Perry’s presidential run during that episode.
    More Details Hide Details A day later Zuckerman issued a statement that he would not be appearing at the East Hampton Artists-Writers softball game, the first time he would miss the game since 1993. The same month, the New York Post reported he turned over the sale of the paper to his nephews and has commented minimally on its dissolution.
  • 2014
    Age 76
    On the November 28, 2014, episode of The McLaughlin Group, Zuckerman said he was a vegan and has been since 2008, confirming what in November 2010 had been published in Bloomberg Businessweek, "The Rise of the Power Vegans."
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  • 2012
    Age 74
    In December 2012, Zuckerman pledged $200 million to endow the Mortimer B. Zuckerman Mind Brain Behavior Institute at Columbia University.
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  • 2011
    Age 73
    Following the downgrade of US treasury debt by Standard & Poor's in 2011, Zuckerman wrote in the Wall Street Journal: "I long for a triple-A president to run a triple-A country."
    More Details Hide Details After initially supporting Obama's call for heavy infrastructure spending to revive the economy, Zuckerman criticized the composition of the plan: "if you look at the make-up of the stimulus program, roughly half of it went to state and local municipalities, which is in effect to the municipal unions which are at the core of the Democratic party." On Obama's healthcare reform bill, Zuckerman stated, "Eighty percent of the country wanted them to get costs under control, not to extend the coverage. They used all their political capital to extend the coverage. I always had the feeling the country looked at the bill and said, 'Well, he may be doing it because he wants to be a transformational president, but I want to get my costs down!'"
  • 2010
    Age 72
    On July 12, 2010, Zuckerman said in an interview that he had helped to write one of President Barack Obama's political speeches.
    More Details Hide Details Long-time Obama speechwriters Jon Favreau and Ben Rhodes disputed that and asserted that neither "has ever met or spoken to Mort Zuckerman." Zuckerman later published a clarification of his remarks by stating that his help had come in the form of private conversations with various political officials in which he had offered advice and perspective on different issues.
    However, on March 2, 2010, he declined to run, citing family and work obligations.
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    Zuckerman considered challenging Kirsten Gillibrand for her New York United States Senate seat in the 2010 election, which was to be contested for the remaining two years of what was originally Hillary Clinton's second term; Clinton's appointment as Secretary of State created a vacancy that Governor David Paterson appointed Gillibrand to fill.
    More Details Hide Details Although Zuckerman has been known as a Democrat, he was speculated to run as a Republican or an independent in order to avoid an expensive primary. Critics pointed to apparent inconsistencies in Zuckerman's publicly stated positions on key issues. Wayne Barrett, of the Village Voice wrote: "If real estate titan Mort Zuckerman gets into the senate race against Kirsten Gillibrand, we'll finally have a vigorous debate about the big-ticket issues troubling Americans. All we have to do is listen to Mort and we'll get both sides of the key economic questions."
  • 2009
    Age 71
    On April 6, 2009, Zuckerman filed a lawsuit against J.
    More Details Hide Details Ezra Merkin and his Gabriel Capital LP. The lawsuit claims fraud and negligent representation and seeks unspecified punitive damages. Merkin had a “huge incentive not to disclose Madoff’s role, especially to investors like Zuckerman” because he charged clients “substantial fees” to manage both his Ascot Partners LP and Gabriel Capital. The lawsuit claims over US$40 million in losses for placing his assets with Bernard L. Madoff Investment Securities LLC without his knowledge. Zuckerman invested US$25 million with Merkin’s Ascot Fund in 2006 through his Charitable Remainder Trust or CRT Investments Limited and personally invested US$15 million with Merkin’s Gabriel Capital. Merkin charged Zuckerman a 1.5% fee and imposed significant “lock-up restrictions on redemptions", but his agreement with Gabriel Capital contains an arbitration clause against Merkin for his lost personal US$15 million investment. The lawsuit also named the accounting firm BDO Seidman LLP and a related entity called BDO Tortuga as defendants.
  • 2008
    Age 70
    On December 19, 2008, Zuckerman's second daughter, Renée Esther, was born; the mother was not identified. The child's birth was announced in the "Gatecrasher" column of the Daily News on December 23, 2008.
    More Details Hide Details He keeps houses in New York City, East Hampton, New York, and Aspen, Colorado. He also keeps a 166-foot Oceanco Yacht, the Lazy Z. For transportation, he previously owned a Falcon 900 corporate jet but has recently purchased a Gulfstream G550.
    President George W. Bush appointed Zuckerman to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.
    More Details Hide Details Zuckerman serves on the boards of trustees of several educational and private institutions such as New York University, the Aspen Institute, Memorial Sloan-Kettering Cancer Center, the Hole in the Wall Gang Fund, and the Center for Communications. He is a member of the JPMorgan's National Advisory Board, the Council on Foreign Relations, the Washington Institute for Near East Policy, and the International Institute for Strategic Studies. He has been a president of the board of trustees of the Dana-Farber Cancer Institute in Boston. Zuckerman is known to be a mentor to and close associate of Daniel M. Snyder, owner of the NFL football team Washington Redskins, and has been a financial backer to Snyder's business ventures (CampusUSA magazine), and was a shareholder and director in Snyder Communications Inc., a marketing services business which was taken over in 2000 (by Havas Advertising).
    Zuckerman, a long-time supporter of the Democratic party who cast his vote for Barack Obama in the 2008 presidential election, was critical of President Obama on several fronts.
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  • 2001
    Age 63
    Between 2001 and 2003, Zuckerman was the chairman of the Conference of Presidents of Major American Jewish Organizations.
    More Details Hide Details Typically, the nominating committee attempts to choose a person who is both respected and uncontroversial. However, Zuckerman was widely opposed by liberal Jewish factions. Nonetheless, Zuckerman was eventually elected and served a full term. In their 2006 paper The Israel Lobby and U.S. Foreign Policy, John Mearsheimer, political science professor at the University of Chicago, and Stephen Walt, academic dean of the Kennedy School of Government at Harvard University, named Zuckerman a member of the media wing of the "Israeli lobby" in the United States. Zuckerman replied: "I would just say this: The allegations of this disproportionate influence of the Jewish community remind me of the 92-year-old man sued in a paternity suit. He said he was so proud; he pleaded guilty."
  • 2000
    Age 62
    Commenting on this sale and that of Fast Company magazine, which he sold for $365 million at the height of the tech boom in 2000, he quipped, "I averaged out."
    More Details Hide Details While he still owned Atlantic Monthly, in 1984, Mortimer Zuckerman bought U.S. News & World Report, where he remains its editor-in-chief. In addition to his publishing and real-estate interests, Zuckerman is also a frequent commentator on world affairs, both as an editorialist and on television. He regularly appears on MSNBC and The McLaughlin Group and writes columns for U.S. News & World Report and the New York Daily News. While Zuckerman has varied in his party affiliations over time, since the late 1970s, he has donated more than $68,000 to US political candidates, with $42,700 going to Democratic politicians and $24,000 to independent interests.
  • 1999
    Age 61
    In 1999 he sold the magazine to David G. Bradley for US$12 million.
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  • FIFTIES
  • 1996
    Age 58
    In 1996, Zuckerman married Marla Prather (born 1956), a curator of the National Gallery of Art; they divorced in 2001.
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  • FORTIES
  • 1980
    Age 42
    In 1980, he purchased the literary magazine The Atlantic Monthly, where he was the chairman from 1980 to 1999.
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  • TWENTIES
  • 1962
    Age 24
    In 1962, he received an LLM degree from Harvard Law School.
    More Details Hide Details After graduating, Zuckerman remained at Harvard Business School as an associate professor for nine years. He also taught at Yale University. Zuckerman spent seven years at the real estate firm Cabot, Cabot & Forbes, where he rose to the position of senior vice president and chief financial officer.
  • TEENAGE
  • 1957
    Age 19
    He graduated from McGill with a BA in 1957 and a BCL in 1961, although he never took the bar exam.
    More Details Hide Details That same year, Zuckerman entered the Wharton School of the University of Pennsylvania, where he earned an MBA degree with a distinction of honor.
  • CHILDHOOD
  • 1937
    Born
    Born on June 4, 1937.
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Original Authors of this text are noted here.
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