50 Wealth MARCHi 22, e2014 st - The National Herald · PDF fileup funding of between 110,000...

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GREEKS IN AMERICA

50 WealthiestMARCH 22, 2014

50 Wealthiest Greeks in America2 THE NATIONAL HERALD, MARCH 22, 2014

Imagination, skill, knowledge, persistence, and timing –the people who populate our 50 Wealthiest Greek-Americans annual list enjoy all of these gifts, in greater orfewer amounts.

This special issue, brought to you each year by TNH, offersa look at those in our community who have reached thepinnacle in their fields and profited immensely – oftenbringing profit to those around them as well.

Most of our top names have been at the top of rankingssuch as those at Forbes magazine for many years. But aswe continue to follow theirtrajectories, we always findsome new achievement.Some have seen theirfortunes skyrocket, whileothers have sustainedlosses.

Most importantly,we highlight thosesuccessfulbusinessmen andwomen whohavemade

thebest useof theirwealth byfreelysharing it withthose who trulyneed a helping hand. Inparticular, we celebrate thoseon our list who in 2012 helped establish and fund TheHellenic Initiative, the non-profit organization committed to“relief, recovery and renewal” in Greece, which continues toendure a crushing economic crisis. They include AndrewLiveris, George Logothetis, George Sakellaris, JohnCatsimatidis, Arianna Huffington, Ted Leonsis, GeorgeMarcus, James Chanos, and John Pappajohn.

(Note that the numbers listed are not always drawn fromthe individuals themselves, but estimated figures, mostlydrawn from public sources. We use the same ranking methodas Forbes: rather than listing them 1 through 50, we rankthem according to their estimated wealth. That is why, forexample, you will find that the three people on our list eachworth $350 million, are all ranked 24th.)

The National HeraldA weekly publication of the NATIONAL HERALD, INC.

(ΕΘΝΙΚΟΣ ΚΗΡΥΞ),reporting the news and addressing the issues of paramount interest to

the Greek American community of the United States of America.

Publisher-Editor Antonis H. Diamataris

Assistant to Publisher, Advertising Veta H. Diamataris PapadopoulosSpecial Section Editor Sophia Stratakis Huling

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The Hellenic Initiative’s inaugural banquet raised $1.9 million for Greece. From left: Libra Group Chairman and CEO George M.Logothetis, Greek Prime Minister Antonis Samaras, Stavros Niarchos Foundation’s Andreas Dracopoulos, The Dow ChemicalCompany Chairman and CEO Andrew N. Liveris and The Coca-Cola Company Chairman and CEO Muhtar Kent.

By Sophia S. HulingTNH Staff Writer

Embarking on its secondyear, The Hellenic Initiative con-tinues to spearhead new pro-grams to raise Greece from itsgrinding economic crisis.

THI launched in 2012 byGreeks from the diaspora andphilhellenes who were com-pelled to respond to the wors-ening economic crisis and in-spired to help shape Greece’slong-term recovery. The organi-zation’s efforts are divided intothree major areas: crisis reliefefforts, promoting entrepreneur-ship, and economic develop-ment to sustain growth for thefuture. THI’s programs focus onresponsible investment in strongnonprofit organizations re-sponding to the crisis, and inleaders, entrepreneurs and busi-nesses creating opportunity fortomorrow.

In its first year, THI commit-ted $1 million in grants to non-profits in Greece: SOS Villages,(sos-villages.gr/page/english),Apostoli/IOCC, Praksis (prak-

sis.gr), which offers develop-ment programs, social services,and medical aid; Together forChildren (mazigiatopaidi.gr), achild welfare association; andAshoka (ashoka.org), a globalentrepreneur network, and Doc-tors of the World(mdmgreece.gr), the Greek armof the international organizationMedecins du Monde, which of-fers free medical care to themost vulnerable populationsaround the world These organi-zations were chosen after care-ful review, and THI is monitor-ing their progress.

For 2014, THI has pledged$1.6 million, said THI ExecutiveDirector Myles Presler. “We arepartnering with Doctors of theWorld to create a volunteer den-tal program similar to their coremedical service model,” he said.

SOS Villages operates a se-ries of “villages” that provideabandoned and orphaned chil-dren with a family environment.It also operates six family sup-port center throughout Greeceto keep family intact throughthe crisis. Presler said THI is

funding food support for 450families, primarily through apartnership with the CarrefourSocial Grocery Program. Eachfamily is given a voucher thatthey can use to purchase gro-ceries at the Social Grocerystores in Athens and Thessa-loniki. Families also receivecounseling and referrals formedical or other services.

“SOS has seen a spike in thenumber of abandoned childrenbecause their families simplycannot afford to feed them,”Presler said. “Programs like thisprovide a critical safety net tofamilies in need.”

THI launched the HellenicEntrepreneurship Award with acommitment of $10 millionfrom the Libra Group, headedby THI Executive Committeemember George Logothetis, Theaward provides seed fundingand support to budding Greekentrepreneurs. Logothetis isCEO of the Libra Group, a di-versified international conglom-erate which finances and man-ages the award. Last April, fourGreek businesses received start-

up funding of between 110,000and 190,000 euros, as well asmentoring and business supportservices. Presler said the awardis accepting applications for thesecond class, which will distrib-ute 700k euro this year to up tofive winners.

Myles said new projects in-clude VentureGarden, a partner-ship between THI and the twoAmerican colleges in Greece:Anatolia College in Thessalonikiand ALBA Graduate BusinessSchool at the American Collegeof Greece in Athens. Up to 25participants from both Athensand Thessaloniki will be chosen.The program will run at leasttwice per year.

“The idea was developedjointly as a solution to helpwould-be entrepreneurs turngood ideas into a clear and ac-tionable business plan and ulti-mately a viable business,” saidPresler. “Currently there are noprograms in Greece that com-bine structured training and ed-ucation with mentorship, so

PRNewsFoto/the helleNic iNitiative

The Hellenic Initiative Invests in Greece

Continued on page 19

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1HASEOTES FAMILY

$3.8 BillioNcoNveNieNce stoRes,PetRoleUM PRoDUcts

Vasilios and AphroditeHaseotes emigrated fromGreece’s Macedonia and Epirusregions to the U.S., buying aone-cow dairy farm in Cumber-land, R.I. for $84 in 1938. Cum-berland Farms (incorporated in1957) eventually grew to be-come the largest dairy farm op-eration in Massachusetts. In1956, the company opened ajug-milk store in Bellingham,Mass. Few convenience foodstores offering dawn-to- mid-night service every day of theweek existed in the North in the1950’s.

But by 1967, there weresome 8,000. With some 400stores, Cumberland Farms wasamong the industry leaders. Bythe early 1990’s, CumberlandFarms ranked third among thecountry’s convenience storechains, and was also a leader inboth the retail and wholesaledistribution of petroleum prod-ucts.

A closely held family-ownedcompany since its inception,Cumberland Farms has sincegrown to become a multi-billion-dollar corporation. Lily(Haseotes) Bentas, daughter ofVasilios and Aphrodite Haseotes,is Chairman of the Board of Di-rectors and Chief Executive Of-ficer. Her nephew, Ari Haseotes,is the President and Group ChiefOperating Officer.

Company headquarters are inFramingham, Mass. Cumberland

Farms owns and operates con-venience stores and gas stationsthroughout New England, NewYork, the Mid-Atlantic States andFlorida under the CumberlandFarms, Gulf and Mobil names.Its Gulf Oil arm sells gasoline tofranchised service stations. Thecompany first added a gas sta-tion to one of its stores in 1971and expanded greatly in thewake of the 1973-74 Arab oilembargo. By 1975 CumberlandFarms opened its 1,000th store.The following year, it opened a560,000-square-foot bakery andwarehouse in Westborough,Mass. In 1987, it purchased allof the Northeast assets of GulfOil from the Chevron Corpora-tion, including 550 service sta-tions and a terminal networkthroughout the Northeast.

In 2010, Gulf Oil L.P., a sub-sidiary of Cumberland Farms,announced it had acquired allrights, title and interest to the“Gulf” brand in the entire UnitedStates and its territories. In2012, Cumberland Gulf Groupannounced that it entered theelectricity market in Connecti-cut, and in 2013 expanded intoother parts of the northeast.

Today, the Company ownsand operates approximately 600retail convenience stores withgasoline throughout the North-east and Florida, supplies 2500Gulf branded gasoline stations

and has approximately 7000 em-ployees. Forbes ranked Cumber-land Farms the 18th largest pri-vately held company in the U.S.in 2012, with annual sales ofover $15 billion.

Cumberland Farms donatesmillions in cash and products tobenefit young people, throughits Believe and Achieve Scholar-ship program, to hunger reliefefforts and to support the com-munities in which we operate.Ari Haseotes and his wife Ashleyalso founded the One Mission(www.onemission.org) child-hood cancer foundation.

2JOHN A. CATSIMATIDIS

$3 BillioN oil, Real estate,sUPeRMaRKets

Ranked 551ST among theworld’s 1,600-plus billionairesand 190th among America’s 492according to Forbes, John Catsi-matidis, 65, ran a self-fundedcampaign for the New York CityRepublican nomination formayor in 2013. With 41 percentof the primary vote, Catsimatidislost the nomination to Joe Lhota,who was then trounced in theNovember general election byDemocrat Bill de Blasio. Catsi-matides' pro-business agenda in-cluded bringing the World's Fairback to New York City, freezingcity taxes, and cutting the highschool dropout rate by increas-ing vocational training.

Catsimatidis is chairman &CEO of the Red Apple Group,ranked 98th by Forbes amongthe country’s largest privatelyheld companies with 8,000 em-ployees and estimated annualrevenues of $4.2 billion. Red Ap-ple has holdings in oil refining,retail petroleum products, con-venience stores, supermarketsand real estate. With a major fo-cus on energy, Catsimatidis’ for-tune accelerated with rising oil

prices.His parents came to America

with him from the island of Nisy-ros while he was a child. Hegrew up in New York City onManhattan’s west side. He at-tended New York University, butdropped out before completinghis degree requirements becauseof business demands. He openedhis first grocery store in 1969,and owned ten stores by the ageof 24, making $25 million a yearin revenue. He plowed $5 mil-lion into Manhattan real estatein 1977; that property wasworth $100 million just fiveyears later.

Catsimatidis stumbled uponthe Chapter 11 proceedings ofUnited Refining in Warren, Pa.and purchased the oil refiner’sstock for $7.5 million. The firmnow owns 375 gas outlets andconvenience stores, primarily inwestern Pennsylvania and West-ern New York.

Today, Red Apple Group is adiverse holding company thatderives revenue from real estate,oil refining and other petroleumproducts. It reportedly owns$500 million worth of propertyand the Gristedes supermarketchain. His most recent projectsinclude several residential devel-opment projects in Brooklyn,and investing in health-relatedcompanies.

Catsimatidis is a licensed pi-lot, though eye surgery hasgrounded him over the past fewyears. He has helped raise mil-lions for Alzheimer’s, Parkin-son’s, and Juvenile Diabetes re-search. He served asco-chairman and founder of theBrooklyn Tech EndowmentFoundation. At the time, the $10million fund was the largest giftto a secondary school in theUnited States. Since 1988 he hasfunded scholarships at the NYUSchool of Business. He is alsothe publisher of the HellenicTimes.

He is married and the fatherof two children. His wife Margoruns his company’s in-house ad-vertising agency. Their HellenicTimes Scholarship Fund, whichhas awarded hundreds of thou-sands in scholarships to GreekAmerican students, celebratedits 21st Anniversary last May.Catsimatidis, who first consid-ered running for mayor of NewYork in 2009 said at his candi-dacy announcement in January2013, “I care about making NewYork better,” and for people tosay when he was done, “Youknow something, you did a greatjob.” He was among the leadingGreek-Americans actively in-volved in Republican fundraisingfor the 2012 presidential race.

2JOHN PAUL DEJORIA

$3 BillioNhaiR caRe PRoDUcts,

sPiRits

Born the son of an Italian im-migrant father and a Greek im-migrant mother who divorcedby the time he was 2, DeJoria,70, has known poverty repeat-edly: first during his childhoodbeing raised by a single motherin Los Angeles, and two periodsof homelessness as an adult. To-day, Forbes counts him 551stamong the World’s Billionaires,

and one of America’s Richest Liv-ing Veterans. His John PaulMitchell hair products and Pa-tron Spirits are each worth atleast $1 billion. Paul Mitchellproducts are available in morethan 100,000 salons in the U.S.

Most recently, he has made asplash appearing as a guestjudge on ABC’s television pitchshow “Shark Tank” in November2013.

His first job, at 9 years old,was selling greeting cards door-to-door. He and his brother hadpaper routes through their schoolyears. After high school and twoyears in the U.S. Navy, DeJoriadid whatever it took to makeends meet—from selling encyclo-pedias and working as a janitorto pumping gasoline. During hisfirst homeless period, after heand his then-wife separated, hecollected bottles to stay afloat, allwhile caring for his 2-year-oldson. Eventually, he took his tal-ents to several hair care and cos-metic companies before becom-ing an independent consultant.In 1980, he teamed up with hisfriend Paul Mitchell to launchJohn Paul Mitchell Systems, aline of high-end hair care prod-ucts. The partners began with$700, DeJoria living in his car atthe time. He said he knocked onsalon doors until he got 12 orders

Note: All names markedwith an asterisk (*) indicatenewcomers to the TNH 50Wealthiest list.

The 50 Wealthiest Greek Americans List

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and checks. After two years ofhand-to-mouth work, the com-pany grossed $1 million.

In 1989, after his partnerPaul Mitchell died, DeJoriafound another partner andlaunched Patron, a premiumtequila, something unheard-ofat that time. His friend ClintEastwood put it in his film “Inthe Line of Fire,” celebrity chefWolfgang Puck endorsed it, andDeJoria gave it away at PaulMitchell events. Today PatronSpirits sells the world’s ultra-pre-mium tequila, with more than 2million cases sold in 2011, aswell as rum and vodka.

DeJoria has been quoted say-ing the key to success it to beprepared for rejection. As a life-long salesman, he has facedmore than his share. Remember-ing his three-year stint sellingCollier’s Encyclopedias door-to-door, he said, “Doors literallyslam in your face – maybe 30,40 doors before the first cus-tomer will actually talk to you.”But, he advised would-be entre-preneurs, no matter how manyrejections you get, go to the nextdoor with the same enthusiasmas you had at the first, with asmile on your face.

He has also been quotedtelling a story that when he was5, his mother didn’t have enoughmoney to buy her sons Christ-mas presents. As they walkedthrough downtown Los Angeles,his mother pointed to a womanwearing a navy blue suit ringinga bell. “Boys,” his mother said,“I’m giving you a dime. See thatlady ringing the bell? Put this inher bucket.” DeJoria didn’t un-derstand; 10 cents was a lot fora kid who didn’t have much in1950. Why did he have to giveit away? “That’s the SalvationArmy. They need it more thanwe do,” was her reply. From thatexperience, he learned that “suc-cess unshared is failure.”

The vast list of charities sup-ported by John Paul MitchellSystems includes the Boys &Girls Clubs of America, theAmerican Cancer Society,Food4Africa, Grow Appalachia,and Chrysalis, a nonprofit groupthat helps homeless and low-in-come people get back on theirfeet and find the path to self-sufficiency. DeJoria is also a pa-tron of Mineseeker, a non-profitorganization dedicated to seek-ing solutions to the worldwideproblem of landmines. In 2006,he was appointed Admiral bythe governor of Texas, and hereceived the Citizen of the YearDolphin Award from The MalibuTimes. John Paul was also hon-ored with the SustainabilityAward for his dedication to en-vironmental preservation atFashion Group International’s25th annual Night of Starsevent, and was inducted as alifetime member into the Hora-tio Alger Association of Distin-guished Americans in honor ofhis journey to overcome humblebeginnings to achieve success.

He and his third wife, the for-mer Eloise Brady, are based inAustin, Texas. He has four chil-dren.

www.paulmitchel l .com,www.cnn.com, www.entrepre-neur.com

3GEORGE L. ARGYROS

$2.4 BillioNReal estate, iNvestMeNts

Ranked 731st among theworld’s billionaires and 258th inthe U.S. according to Forbes,George Argyros, 77, made hisfortune in grocery stores andreal estate.

He earned his bachelor’s de-gree at Chapman University. Asecond-generation American ofGreek descent, he was born inDetroit, Mich. and raised inPasadena, Ca. He went into realestate in 1962, selling land atbusy intersections to gas sta-tions. Today, his privately heldArnel & Affiliates owns andmanages 5,500 apartments and2 million square feet of commer-cial space. Argyros founded theprivate equity firm Westar Capi-tal in 1987. He is a board mem-ber and the leading investor,with a reported 20 percent, insoftware development firm DSTSystems (NYSE:DST) whosemarket capitalization is about

$2.15 billion.Former President George W.

Bush appointed him U.S. ambas-sador to Spain in 2001, afterleading GOP fundraising effortsin California in 2000. He hosteda $25,000-per-couple dinner forU.S. Senator and then-presiden-tial hopeful John McCain (R-Ari-zona) at his home in 2008. Ar-gyros also served on the FederalHome Loan Mortgage Corpora-tion (FreddieMac) under Presi-dent George H.W. Bush.

Argyros resides on Harbor Is-land in Newport Bay, Ca. He is arecognized business leader andphilanthropist. He was the 1993recipient of the Horatio AlgerAward of Distinguished Ameri-cans, and a 2001 recipient of theEllis Island Medal of Honor.Chapman’s School of Businessand Economics was renamed inhis honor in 1999. He has servedon the board of trustees for sev-eral community organizations,including the California Instituteof Technology, the BeckmanFoundation, the Horatio AlgerAssociation, and Chapman Uni-versity. He owned baseball’sSeattle Mariners between 1980and 1989.

In January 2012, he becamea member of the Board of Re-gents of the Orange CountyCouncil Boy Scouts of America.In April 2011, he and his wifemade a $5 million gift to an am-bulatory surgery center at theUniversity of California.

He is an Archon of the Ecu-menical Patriarchate’s Order of

St. Andrew the Apostle. Argyrosand his wife, Julia, have threechildren and seven grandchil-dren.

www.arnel.com

4MICHAEL JAHARIS

$2 BillioNPhaRMaceUtical

Ranked 828th among theworld’s billionaires and 287th inthe U.S. according to Forbes,Michael Jaharis, 85, foundedKey Pharmaceuticals, Kos Phar-maceuticals & Vatera HealthcarePartners.

Jaharis, the son of Greek im-migrants, is a native of Chicago;he earned his bachelor’s degreefrom Carroll University in Wis-consin. He served in the U.S.Army Medical Corps during theKorean War and later attendednight school at DePaul Univer-sity to earn his law degree whileworking as a sales representativefor Miles Laboratories. In 1972,Jaharis and partner Phillip Frostacquired Key Pharmaceuticalsand transformed the tiny pro-ducer of cough and cold reme-dies into a powerhouse companywith newly developed top-sell-ing asthma and cardiovasculardrugs. Under his leadership,Key’s sales increased 100-foldbefore the company’s $836 mil-lion merger with Schering-Plough in 1986. Two years later,Jaharis launched Kos Pharma-ceuticals, which pioneered theHDL cholesterol market with itsgood cholesterol-raising drug Ni-aspan, before being sold to Ab-bott Laboratories in 2006 for$4.2 billion. Today, Jaharis isfounder and director of ArisaphPharmaceuticals Inc., a privatelyheld drug discovery and biotechcompany, and founder of VateraHealthcare Partners LLC, a ven-ture capital firm focusing on thehealthcare industry.

Today, Vatera HealthcarePartners is the lead investor in anumber of biotech/specialtypharmaceutical companies, in-cluding Melinta Therapeutics,which is developing life-savingantibiotics, and ImmusanT,which is developing a noveltreatment for celiac disease. InJune 2013, Pearl Therapeutics,in which his venture capital firmVatera Healthcare Partners wasthe largest investor, was ac-quired by AstraZeneca for $1.15billion.

Proud supporters of Hel-lenism, Jaharis and his wife,Mary, are major benefactors ofthe New York Metropolitan Mu-seum of Art, the Art Institute ofChicago, The MetropolitanOpera and many cultural, reli-gious, higher education, andhealthcare institutions throughthe Jaharis Family Foundation,Inc. In October 2010, the MaryJaharis Center for Byzantine Artand Culture was inaugurated atHellenic College/Holy CrossGreek Orthodox TheologicalSeminary, which will serve as apremier international researchcenter.

Jaharis also serves as TrusteeEmeritus of Tufts University inBoston, Mass., Chairman of theBoard of Overseers for theSchool of Medicine at Tufts Uni-

versity, Member of the ColumbiaUniversity Medical Center Boardof Visitors, and Member of theBoard of Overseers of the WeillCornell Medical College andGraduate School of Medical Sci-ences.

Most recently, the JaharisFamily Foundation, Inc., an-nounced a donation of $2 mil-lion to support humanitarian re-lief efforts in Greece. The moneywill support the work of the In-ternational Orthodox ChristianCharities (IOCC), Doctors of theWorld, and SOS Children's Vil-lages was offered as a challengegift to inspire other donationsfrom the Hellenic American di-aspora.

He is the Vice Chairman ofthe Greek Orthodox Archdioceseof America’s Archdiocesan Coun-cil’s Executive Committee and isone of the Original Founders ofLeadership 100 and FAITH: AnEndowment for Hellenism andOrthodoxy.

Jaharis states, “It is particu-larly important to Mary and meto give back to institutions whichhave truly inspired us and mayhelp open doors for young peo-ple and the community. We be-lieve that our Hellenic cultureand Orthodox faith provided thefoundation for our values andidentity."

The Jaharises reside in NewYork. They have two childrenand five grandchildren.

5PETER G. PETERSON

$1.7 BillioN, iNvestMeNt

Peter G. Peterson, 87, isranked 356th among Forbes’American Billionaires. He hasmoved down in this list as hisdonations have gone up. Hemade his fortune as the co-founder and former chairman ofthe Blackstone Group, one of theworld’s largest investment firmswith 25 offices around theworld.

Peterson co-founded Black-stone with Stephen Schwarzmanin 1985 with $400,000; thefirm’s private equity funds ownor have interests in 80 compa-nies. The company went publicin June 2007 at $31 a share. Pe-terson retired from the companyin late 2008, selling most of hisshares and receiving $1.85 bil-lion in cash upon exiting, beforetaxes and meeting several trustand charitable obligations.

The son of Greek immigrants,Mr. Peterson grew up in Ne-braska. He studied at Northwest-ern University, where he gradu-ated summa cum laude, and

earned his MBA from the Uni-versity of Chicago with honors.He was CEO of Bell and Howellfrom 1963 to 1971. He servedas Secretary of Commerce underPresident Nixon, and becamechairman of Lehman Brothers in1973. He also chaired the Fed-eral Reserve Bank of New Yorkfrom 2000 to 2004. He is the au-thor of several books, includinga 2009 memoir, "The Educationof an American Dreamer: Howa Son of Greek ImmigrantsLearned His Way from a Ne-braska Diner to Washington,Wall Street, and Beyond," andspeaks frequently about issuesof fiscal responsibility. Petersonnow dedicates his time to hisfoundation and other charitableactivities. Established in 2008,the Peter G. Peterson Foundationis a nonpartisan organizationdedicated to increasing publicawareness of the nature and ur-gency of key fiscal challengesthreatening America's long-termfuture, and to accelerating ac-

tion on them. The Foundationworks with leading thinkers, pol-icy experts, elected officials andthe public to build support forefforts to put America on a fis-cally sustainable path.

He’s among the U.S. billion-aires who decided to take theGiving Pledge in 2010 to givemuch of their wealth to charity.The Giving Pledge was initiatedby Warren Buffett and Bill GatesJr. He is also chairman emeritusof the Council on Foreign Rela-tions and founding chairman ofthe Peterson Institute for Inter-national Economics.

Peterson now resides in NewYork. He is married to Joan GanzCooney, founder and formerchairman of Children’s Televi-sion Workshop (“SesameStreet”), and is the father of fiveand grandfather of nine.

6GEORGE M.

LOGOTHETIS & FAMILY$1.5 BillioN

shiPPiNg/aviatioN/Realestate/eNeRgy/hosPitality

George M. Logothetis, 38, isthe founding Chairman and CEOof Libra Group, consisting of 30subsidiaries with companies op-erating across five continents.He founded the privately ownedgroup with his brother Constan-tine M. Logothetis in 2003. To-day George Logothetis is basedin New York, while his brother,the Executive Vice Chairman ofthe Group, is based in London.

The diversified group wasbuilt upon the decades of workof their father, shipownerMichalis G. Logothetis, who ison the Libra Group’s board andis a senior advisor. A series ofstrategic steps by the youngergeneration allowed them to ex-tend into new areas at a timewhen many shipping companieswere strained and despite the fi-nancial crisis, the Libra groupcompanies have acquired $7 bil-lion of assets over the past sev-eral years.

Logothetis launched his ca-reer at the family business inLondon in 1993, when he joinedLomar Shipping, the group’sU.K.-based ship owning andmanagement group, which atthe time had just two ships. In1995, at the age of 20, he be-came its CEO. Under his leader-ship, Lomar expanded the num-bers of ships they owned manytimes over. Then Lomar sold 67of them between 2004 and2006, investing the profits inmany non-shipping sectors.

Finally, in 2009, Lomar ac-quired Allocean Group for $325million, which was considered abargain price. During 2013 Lo-mar continued to expand itsfleet, which now comprises over60 vessels including orders forover 20 modern, fuel-efficientUltramax and container shipsmade in China. In total, Lomarhas spent $1.1 billion on buying73 ships over the past four years.

The group followed a similarpatter with its aircraft leasingbusiness, Dublin, Ireland-basedLease Corporation International(LCI). The company waslaunched in 2004, only to sellits entire 21 aircraft fleet in 2007for $1 billion. The company theninvested in a new fleet of some35 aircraft leased to companiesincluding Singapore Airlines,British Airways and Air France.In early 2012, LCI signed a $400million order with AgustaWest-land helicopters, which are nowbeing leased to leading opera-tors across the world. The com-pany’s aviation leasing divisionhas acquired aircraft valued at$6 billion since its formation. Todeepen its commitment to therotary wing sector, LCI an-nounced a partnership with KKRFinancial Holdings in 2013, un-der which KKR agreed to investin excess of $100 million in LCI’shelicopter leasing division.

Libra Group’s real estate port-folio spans much of the planet,with properties and offices inNorth and South America, Asiaand Europe. Libra Group ownsand runs close to 40 hotels onfive continents.

The group’s Grace Hotels

The 50 Wealthiest Greek Americans ListContinued from page 4

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wreaths woven of laurel leaves.

The leaf of the laurel tree is also known as the bay leaf (dafni, in Greek).

It is an essential ingredient in many cuisines, especially those of the

Mediterranean. Used either fresh of dried, the leaves impart a subtle but

distinctive flavor and fragrance to food.

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brand, which began on Greek is-lands, is now found world-wide.Recent additions include the cel-ebrated five diamond/five starMayflower Inn and Spa in Wash-ington, Connecticut (now theMayflower Grace), Grace Cafay-ate in the dramatic wine grow-ing region of Northern Ar-gentina, Grace St Moritz inSwitzerland - a transformationof one of the town’s historic ho-tels - and La Dolfina Grace, acollaboration between GraceHotels and the La Dolfina poloand lifestyle brand in Argentina.Opening later this year are GracePanama, Grace Marrakech andthe While Barn Grace in Kenneb-unk, Maine. FSA Group, the Li-bra Group’s South Americansubsidiary recently announced a$270 million joint venture withHyatt Hotels Corporation tobuild nine hotels in key citiesand towns across Brazil.

The Libra Group and JohnHancock Life Insurance recentlyconcluded a deal to provide $40million equity funding for theconstruction and operation ofmultiple solar power stationsacross the United States by Li-bra’s North American clean en-ergy division.

In addition to solar and otherclean energy interests in theUSA, the group has a waste-to-energy plant in Greenbay Wis-consin. Meanwhile, in Greece,Romania and Latvia, LibraGroup’s European energy armhas invested in solar energyparks, wind farms and biogasplants.

The list of group subsidiariesincludes travel writer/TV hostLeon Logothetis’ Principal Me-dia, which has provided TV pro-gramming since 2005. Other di-versified investments include aninterest in a London-based finan-cial services company and ChiosHeritage mastic tree farm invest-ments. Libra Capital is the inhouse investment managementcompany and Libra Group Ser-vices, the in-house legal and ad-ministrative and corporate sup-port company, service tocompanies within the groupbased in the U.K.

Logothetis and his wife Nitzia(formerly Nitzia Embiricos) arebased in New York City and havetwo sons. George and Nitziafounded Seleni Institute in 2011with the aim of addressingwomen’s reproductive and ma-ternal mental health through re-search of support and advocacy.Also in 2011, the group createdan International Internship Pro-gram in collaboration with TheAmerican College of Greece in

Athens and the U.S.-based GreekAmerica Foundation, giving 40young people per annum the op-portunity to work at the group’skey locations around the world.

Mr. Logothetis is also a mem-ber of the Concordia LeadershipCouncil. Concordia is a non-profit whose mission is to iden-tify new avenues of collabora-tion for governments,businesses, and other non-profitsby convening global leaders anddeveloping new research prod-ucts. The organization, whichwas co-founded and is chairedby Nicholas Logothetis, pro-motes effective public-privatecollaboration to create a moreprosperous and sustainable fu-ture, and convenes leaders fromaround the world at its annualSummit. Logothetis delivered re-marks at Concordia’s 2013 Sum-mit and set the stage event bytouching on the official theme:youth empowerment and entre-preneurship.

In November 2012, Libracommitted 5 million euros to-ward funding the Hellenic En-trepreneurship Award, an an-nual award program launchedby the Hellenic Initiativefounded by Andrew Liveris, whois also on this list. The awardnamed four Greek businesses asthe first recipients in its inau-gural year. Winners Stella Mare,Corfu Living History Museum,Great Catering and RabT re-ceived over 500,000 euros inbusiness start-up funding, aswell as mentoring and businesssupport from Libra Group andits subsidiaries. The group hascommitted over 7 million eurosto this annual award program.Logothetis serves on the execu-tive committee along with Liv-eris. The Hellenic Initiative’s aimis to create opportunity and em-ployment in Greece by awardingbusiness start-up funds of be-tween 100,000 and 500,000 eu-ros to budding Greek entrepre-neurs.

www.libra.com

7C. DEAN

METROPOULOS$1.3 BillioN

MaNageMeNt,acQUisitioNs

Dean Metropoulos, 67, 416thamong Forbes American Billion-aires, paid $410 million to buypart of Hostess out of bank-ruptcy and returned Twinkies togrocery shelves in July 2013 af-

ter a nine-month absence. InFebruary 2014, Hostess an-nounced a partnership with BigLots to sell sharply discountedHostess-brand snacks throughthe closeout chain. Prior to Host-ess’ restructuring, it had its owndiscount stores.

Metropoulos s very wellknown in the private equity, in-vestment banking and financialcommunity, having spent thepast two decades acquiring, re-structuring and growing numer-ous businesses in the U.S., Mex-ico and Europe. Many of thesewere subsequently taken publicor sold to strategic corporations.

Metropoulos is Chairman andCEO of Metropoulos & Co., aboutique buyout and manage-ment firm. His sons, (Evan, 33and Daren, 30) are and havebeen an integral part of the turn-around of the acquired compa-nies. The brothers purchased thehistoric Pabst Brewing Companyin 2010. Pabst is today’s fastinggrowing U.S. brand.

Metropoulos & Co. focuses onthe acquisition and operation ofcompanies with consumer brandproducts, and has been involvedin more than 76 acquisitions in-volving over $12 billion in in-vested capital since 1990. DeanMetropoulos says, “I love findingopportunities, negotiating thedeals, and repositioning thecompanies into vibrant, growingbusinesses.... If we’re proud ofanything, it is our commitmentto integrity and the fact that wehave never lost money with anyof our acquisitions in which wehave averaged 44 percent re-turns over a twenty five year pe-riod.” Although Metropoulos &Co. has participated in severalindustrial acquisitions includingNational WaterWorks acquiredfrom French Vivendi and subse-quently sold to Home Depot, itis best known as the #1 acquirerand reviver of hundreds of iconicconsumer brands; a few ofwhich include Chef Boyardee,

PAM, Bumble Bee, Jiffy Pop,Gulden’s, Vlasic, Swanson, Dun-can Hines, Aunt Jemima, etc.The list also includes many Eu-ropean brands like Mumm andPerrier Jouet champagnes andnumerous U.K. brands that werepart of Hillsdown Holdings, an$8 billion holding company thatMetropoulos restructured andrepositioned and took the foodcompany public in 2004. Today,Premier Foods is the U.K.’slargest food company.

Other well-known businessesMetropoulos & Co. have owned,include Stella Foods, the Morn-ingstar Group, GhirardelliChocolate Company and DelMonte Mexico.

Born in Greece, his familymoved to America when he wasnine years of age. His parents,typical of many immigrants,worked hard and encouragedtheir children to pursue theirdreams. Dean is ever mindfuland very grateful for their sacri-fices and commitment.

Metropoulos went to collegeon a scholarship, and after grad-uate school at Babson Collegeand a year and a half towardshis doctorate at Columbia, hewent to work for the GTE Cor-poration, which is now Verizon.After graduate school Metropou-los joined GTE International andbecame its youngest senior vicepresident responsible for theirinternational business in 62countries.

Dean Metropoulos and hiswife Marianne live in Green-wich, Connecticut.

8EFSTATHIOS (STEVE)

VALIOTIS$1.2 BillioN

Real estate, BaNKiNg

Efstathios Valiotis, 67, is pres-ident and founder of the Astoria,N.Y.-based Alma Realty Corpo-ration, one of the largest real es-tate firms in the New York met-ropolitan area. His net worth hasincreased by 60 percent over thepast two years. In 2007 hefounded Alma Bank, of whichhe owns 60 percent, and whoseassets are now estimated atabout $1 billion.

He was born in Vordonia,Greece, near Sparta, and immi-grated to the United States in1972. He worked in the food in-dustry and, within two years,purchased a newsstand and afood mart followed by a pizzeria.His next venture was establish-

ing a custom-made furniturebusiness, Knossos Inc., in Astoriain 1976. Within two years, thebusiness expanded to includetwo retail display stores on Man-hattan’s Park Avenue and SixthAvenue and a furniture-manu-facturing factory in Queens. Vali-otis owned and actively man-aged Knossos until 1994.

In 1978 he began his highlysuccessful career investing inreal estate. Since then, Valiotis’expertise in acquisition and de-velopment has included the pur-chase, sale, construction andmanagement of both residentialand commercial properties. In1983, Valiotis founded his ownfirm, known as Alma Realty Cor-poration. Alma serves as the ves-sel through which Valiotis devel-ops, builds, manages andacquires real estate. He has builta diverse portfolio over the lastthree decades including multi-family residential buildings,commercial buildings, ground-up construction of residentialand commercial buildings and aretail shopping center. Alma Re-alty also owns and manages over15,000 apartments of marketand affordable housing proper-ties in New York and New Jerseyas well as over 5 million squarefeet of commercial property. Heis committed to investing andimproving communities by pro-viding safe and well-maintainedresidential and commercial de-velopments. Valiotis establishedhis construction company, Vor-donia Construction Corporation,in 1988, which served as thegeneral contractor for the ma-jority of his projects until 2002.In 2002, Vordonia was devel-oped into Vordonia Contractingand Supplies Corp., to continueas the general contractor forValiotis’ construction projects.He formed Valco Building Ma-terials and Supplies Corp. ofLong Island City, N.Y. in 2006, alarge retailer of building mate-rials and appliances as a sub-

sidiary of Alma operations.In 1989, Valiotis, along with

several other investors, formedMarathon National Bank. Heserved as chairman of the bank’sboard of directors and as a mem-ber for ten years. Marathon wasacquired by Piraeus NationalBank of Greece in 1999. In 2007,he formed Alma Bank, in whichhe serves as chairman of the Ad-visory Board. The bank, createdwith the highest capital invest-ment in a New York State com-mercial bank, is rapidly expand-ing, with 14 branches andseveral more to come. The bankstarted with $50 million in cap-ital and in seven years hasgrown to $1 billion in gross as-sets.

Valiotis earned his degree inTheology from the University ofAthens. He is a major supporterof the St. Demetrios Cathedraland School in Astoria. Valiotis isalso a major benefactor of theHoly Cross Greek OrthodoxChurch, School and CommunityCenter in Whitestone; thechurch’s Efstathios and Sta-matiki Valiotis Greek AmericanSchool was named after him andhis wife. Mr. Valiotis never forgothis roots and hometown and hefinanced and built a T.E.I. (tech-nical college) in his hometownof Sparta, which also bears hisname and currently enrolls2,000 students. A firm believerin education, he supports vari-ous educational institutions. Heis married to StamatikiKousoulas and they have threechildren, Sophia, Katerina, andGeorge, and one grandchild.

w w w. a l m a r e a l t y. c o m ,www.almabank.com

9ALEX G. SPANOS &

FAMILY$1.1 BillioN

Real estate, PRoFessioNalFootBall

Alex G. Spanos, 90, owns theNational Football League’s SanDiego Chargers. His family isranked 452nd among Forbes’American Billionnaires. His for-tune increased since 2004, andthen dropped some with the re-cent plunge in the real estatemarket. The rising value of theChargers – now worth $936 mil-lion (purchased for $70 millionin 1984) - has offset the real es-tate losses.

Spanos hired new coach Mike

Continued on page 8

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McCoy and general managerTom Telesco, last year and theyproduced immediate results.The team made the playoffs af-ter missing out in the three pre-vious seasons and won its firstgame before losing to the Den-ver Broncos. His son Dean isnow the team's chairman andpresident.

The son of Greek immi-grants, Spanos received hisbachelor’s degree at the Univer-sity of the Pacific. He began hiscareer as a baker, but then in1951 he used an $800 loan topurchase a panel truck and be-gan selling sandwiches to farmworkers. He then used his prof-its to invest in real estate, andby 1960, he had an incorporatedbusiness. Today, his firm is oneof America’s largest housing de-velopers, and is one of thelargest family-owned construc-tion and property managementcompany in the United States.It has built more than 100,000units in 19 states.

Spanos was inducted into theCalifornia Building Industry Hallof Fame in 2005. He bought 60percent of the Chargers fromthen-majority owner EugeneKlein in 1984. Over the next tenyears, he bought out the sharesof several small co-owners,bringing his control of the teamto 97 percent.

Spanos, one of the largestsingle private contributors to theRepublican Party during Presi-dential election years, helpedraise over $2 million for Sen.John McCain’s 2008 Presidentialbid. President Bush appointedSpanos to the Kennedy Centerboard in 2004.

Spanos has also contributedmillions to schools, hospitalsand charity. He received theMedal of the Commander of theOrder of Honor from GreekPresident Karolos Papoulias in2008.

Spanos has turned the reinsof the company over to his twosons and prefers to play cardswith his friends. “What the heckI’m 85 years old, and my kidsare doing a good job. It’s theirturn now,” he told TNH in 2009.In 2002, Spanos published hisautobiography entitled “Sharingthe Wealth: My Story.” He andhis wife, Faye, with whom hecelebrated In 65 years of mar-riage in 2013, have four chil-dren, 15 grandchildren andthree great grandsons.

10KOSTA & TOM

KARTSOTIS$1 BillioN

watches leatheRaccessoRies

Kosta Kartsotis, 61, is CEO &Chairman of the Fossil Group Inc.,and Tom Kartsotis, 54, formerchairman and CEO of the com-pany. Fossil is based in Richard-son, Texas. It sells products in 120countries around the world.

In 2013, Tom Kartsotis andSwiss movement maker Rondaembarked on a joint venture tocreate Shinola a Detroit-madewatch collection. Its Gomelskymodel, a 36 mm cushion-shaped,coin-edge ladies’ quartz watchpriced at $400 to $600, landedon Forbes’ list of “20 Watches that

Impressed in 2013.”As the biggest individual

owner of Fossil shares, Kartsotishas holdings in the companyworth $691 million. Accordingto Bloomberg, Kosta Kartsotisdeclined compensation from thecompany last year. He was listedamong Bloomberg’s list of low-est-paid CEOs whose companieshave the best-performing stocks.

In 2013 stock prices rose 36percent for the company, rakingin $3.3 billion in total revenue.

Founded by Tom Kartsotis in1984, Fossil is a designer andmanufacturer of clothing andaccessories, primarily watchesand jewelry, but also sunglassesand wallets. Its brands includeFossil, Relic, Abacus, MicheleWatch and Zodiac. Fossilwatches are common in middle-income retail stores, as well asat most department stores. Fos-sil also branched into the saleof leather goods and other ac-cessories in the 1990s. Fossilalso designs, manufactures anddistributes with Burberry, DKNY,Emporio Armani, ColumbiaSportswear, Diesel, MichaelKors, Marc Jacobs and Adidas.Fossil also produces collectibles,some of which are based onpopular films or pop culturecharacters. It made news in2011 by acquiring competitorSkagen Designs.

The company now offerssmart watches that would linkto phones via Bluetooth.

Tom Kartsotis also owns theTexas company Bedrock Brands.

www.fossil.com

10TED J. LEONSIS

$1 BillioN iNteRNet, veNtURe caPital,

PRoFessioNal sPoRts

Ted J. Leonsis, 56, is vicechairman emeritus of AmericaOnline. Leonsis is also thefounder, chairman and majorityowner of Monumental Sportsand Entertainment, formed inJune 2010, as he merged his

Lincoln Holdings LLC (includingthe National Hockey League’sWashington Capitals, worth anestimated $225 million, up by$28 million over last year, andthe WNBA’s Washington Mys-tics) and Washington Sports &Entertainment Limited Partner-ship. To create the new com-pany, Leonsis purchased the re-maining 56% of WashingtonSports & Entertainment that hedidn’t own, giving him full own-ership over the National Basket-ball Association’s WashingtonWizards, the Verizon Center andthe Baltimore-Washington Tick-etmaster franchise. MonumentalSports and Entertainment alsooperates Kettler Capitals Iceplexand George Mason UniversityPatriot Center.

After surviving an airplanecrash landing in 1983, hedrafted a list of 101 things todo in life, and has completed 82of the tasks; his $1 billion networth aim may be realized in afew years. (See the list atwww.tedstake.com.)

Few people have roots asdeep in the computer industry,or as much knowledge and ex-perience of its history and po-tential. A pioneer of the Internetand new media, Leonsis partic-ipated in launches of the AppleMacIntosh, the IBM PC and theWang office automation. He hasled four businesses that havegrown at record rates: He builtWang WP (the first word proces-sor) from a $200 million to a$1 billion company with thelargest female managementteam in the country. He wasfounder & CEO of Redgate Com-munications Corporation, con-sidered the first new media mar-keting company. He built AOLinto the first $1 billion interac-tive services company and theworld’s biggest media company,helping to increase its member-ship from fewer than 800,000to more than 8 million in a four-year span (1994-97). He hasalso boosted the Capitals’ atten-dance and revenues.

Leonsis was born to a familyof modest means in Brooklyn,and spent his early years there.His family moved back to hismother’s hometown of Lowell,Mass. He graduated from LowellHigh School in 1973 and at-tended Georgetown University.After graduating in 1977, hemoved back to his parents’home in Lowell and beganworking for Wang Laboratories.In 1980, Leonsis started his owncompany, which grew quickly,and sold it to InternationalThompson for $60 million in1981. He then started Redgate,which he sold to AOL in 1993,commencing his relationshipwith the once-pervasive AOL,completing his tenure as the au-dience group’s president andvice chairman before steppingdown in 2006. He is also a part-ner at Revolution Growth Fund,vice president and member ofthe board of Groupon, andfounder/chairman of Snag-Films.

10JOHN CALAMOS

$1 BillioN MUtUal FUNDs

John P. Calamos, Sr., 73,earned both his bachelor’s de-gree in economics and his MBAfrom the Illinois Institute ofTechnology. A son of Greek im-migrants, he is a product ofChicago public schools, andgrew up above his family’s gro-cery store on Chicago’s westside. He developed his passionfor the stock market as ateenager after investing his par-ents’ $5,000 nest egg.

After earning his MBA, he be-came an early authority on con-vertible securities, and launchedCalamos Asset Management in1977. His money managementfirm serves institutional clientsand manages mutual funds. Thecompany offers strategiesthrough separately managedportfolios, mutual funds, closed-end funds, private funds andUCITS funds. Clients includemajor corporations, pensionfunds, endowments, founda-tions and individuals. Head-quartered in Chicago metropol-itan area, the firm also hasoffices in London and New York.The company went public in2004.

Calamos is chairman, CEOand Global Co-Chief InvestmentOfficer of Calamos Investments,which he runs along with hisson John and Gary Black, whoreplaced Calamos' nephewNicholas P. Calamos as co-CIOin August 2012. Black's appoint-ment secured Calamos Invest-ments' acquisition of Black Cap-ital LLC, which Black founded

in 2009. In December 2013,Nicholas resigned from theCalamos Board and sold all hisholdings to his uncle.

A recognized expert in risk-managed investing, Calamoswas worth $2.7 billion a fewyears ago, according to Forbes.Though the 2008 financial crisiswas challenging, the firm nowhas $29 billion under manage-ment as of the end of January.Calamos also has a private realestate arm, Calamos Real EstateLLC, which includes HotelArista, CityGate Centre andother entities that surround theinvestment company’s head-quarters in Naperville, IL. He haswritten two books, writes for in-vestment industry publicationsand is interviewed regularly byCNBC and Bloomberg TV.

Calamos was the first mem-ber in his family to graduatefrom college. He served in theU.S. Air Force, flying the B-52Bomber, as a combat pilot inVietnam and as a Forward AirController. He later spent twelveyears in the USAF Reserves fly-ing the A-37 jet fighter andearning the rank of Major. Hekeeps his aviation skills honedby flying his Marchetti SF260Warbird. He credits his Air Forcetime for sharpening his risk as-sessment skills.

He is a member of the Invest-ment Analysts Society ofChicago and is on the board ofdirectors of Chicago’s new Na-tional Hellenic Museum, ofwhich he is a major benefactorand Chairman of the Board. Hesays of the museum, “We havebuilt a national institution tohonor our parents and grand-parents, to honor our rich Hel-lenic history.” Nephew Nicholasis devoting himself to that mis-sion as well, working with themuseum to set up a $500,000scholarship in his uncle's name.

www.calamos.com

11GEORGE M. MARCUS

$900 MillioN Real estate

George M. Marcus, 71, wasborn George Moutsanas in Evia,Greece. He is founder and chair-man of Marcus & MillichapCompany (MMC), one of thecountry’s premier providers ofinvestment real estate brokerageservices, and the parent com-pany of a diversified group ofreal estate, service, investmentand development firms. MMC’sfeatured company is Marcus &Millichap Real Estate Invest-ment Services, has establisheditself as a leading real estatefirm with more than 1,200 bro-kers in markets throughout theUnited States. With 77 officesnationwide, the firm focuses oninvestment brokerage, and pro-vides financing and researchservices to both buyers and sell-ers. Marcus & Millichap Real Es-tate Investment Services wentpublic with 6 million shares inOctober 2013, generating netproceeds to the company ofabout $34.6 million.

Together with his partner,William A. Millichap, Marcuslaunched a new business modelnearly four decades years ago,based on matching each prop-erty with the largest pool of pre-qualified investors. In 2012,Marcus & Millichap closed morethan 6,000 investment transac-tions for private and institu-tional investors Included inthese transactions were shop-ping centers, office and indus-trial buildings, apartment prop-erties, single-tenant net-leaseproperties, hotels/motels, seniorhousing facilities, manufacturedhome communities, self-storageand land.

Marcus is also chairman ofEssex Property Trust, a publiclyheld, multi-family real estate in-vestment trust (REIT). Locatedin Palo Alto, California andtraded on the New York StockExchange, Essex is a fully inte-grated REIT which acquires, de-velops and redevelops apart-ment communities in selectWest Coast communities. Thecompany, according to its web-site, currently has ownership in-terests in 140 apartment com-munities. Marcus is also one of

the original founders of PlazaCommerce Bank and GreaterBay Bancorp. Marcus served onGreater Bay’s board of directorsuntil it was sold to Wells-Fargoin 2007 for $1.5 billion.

Marcus came to San Fran-cisco from Greece at the age offour. He completed his under-graduate studies in Economicsat San Francisco State Univer-sity in just two and a half years,and founded the university’sfirst economics club. He alsoserved as a member of theBoard of Trustees of the Califor-nia State University System in1981-89, and has helped selectseveral SFSU presidents. He wasnamed SFSU Alumnus of theyear in 1989 and one of its 11Distinguished CentennialAlumni in 1999. He and hiswife, Judy, helped create SFSU’sInternational Center for the Artswith a $3 million gift. Marcusalso helped develop SFSU’sGreek Studies program, andchairs its Modern Greek StudiesFoundation, which supports theNikos Kazantzakis Chair forModern Greek Studies.

In 2008, Marcus co-foundedthe National Hellenic Society.Along with another Greek-American couple, George andJudy Marcus opened the suc-cessful Evvia restaurant in PaloAlto in 1995. He also ownsKokkari, one of San Francisco’spremier Greek restaurants anda favorite of the local Democra-tic establishment.

He is a graduate of the Har-vard Business School’s Own-ers/Presidents ManagementProgram and the GeorgetownUniversity Leadership Program.Among Mr. Marcus’ professionalmemberships are the Board ofRegents of the University of Cal-ifornia, the Real Estate Round-table and the Policy AdvisoryBoard of the University of Cali-fornia in Berkeley’s Center forReal Estate & Urban Economics.

www.marcusmillichap.com

12GEORGE D. BEHRAKIS

$780 MillioN PhaRMaceUticals

George D. Behrakis, 78, isfounder and chairman ofMythos, LLC, a private invest-ment company based in Lexing-ton, Mass. He is also chairmanof Gainesborough Investments,launched in 1998.

Of all his philanthropic en-deavors, the most dear toBehrakis is the anti-smokingcampaign in Greece he helpedto fund. In 2010, Mr. Behrakisgave a $1.8 million grant to aHarvard University School ofPublic Health study on smokingin Greece. He has also given tothe academy of Athens to con-tinue studying the effects ofsmoking.

A 1957 graduate of North-eastern University in Boston,Behrakis also studied at BostonUniversity, and is a recognizedleader in the pharmaceutical in-dustry. He became best known,perhaps, for his talent in solubi-lizing previously insoluble chem-icals and making them stable formedical use.

After completing his militaryservice, Behrakis began his ca-reer at McNeil Laboratories (adivision of Johnson & Johnson).In 1968, he founded DoonerLaboratories which developedand manufactured a leadingasthma medication, Slophyllinand Slobid. He sold the companyto Rhone-Poulenc Rorer (nowAventis) and purchased oph-thalmic firm Muro Pharmaceu-ticals in 1978. Behrakis sold hiseye care products to Bausch andLomb and searched for newproducts, including pharmaceu-ticals for asthma and allergies.Behrakis sold the firm to Asta-Medica AG, a division of Germanconglomerate Degussa, retiringas president & CEO in 1998.

Behrakis is the son of Greekimmigrants. He and his wifeMargo have established chairsand scholarships at various uni-versities and medical centers. In2003 Northeastern Universityand Medical Center opened theBehrakis Health Science Build-ing and also created the Centerfor Drug Discovery.

A recipient of many awardsfor his contributions to business,science, the arts and the GreekOrthodox Church, he sits on theboard of The Boston SymphonyOrchestra and is emeritus chair-man of Northeastern University.He has served on many boardsof both public and private com-panies. He is on the advisoryboard of the Harvard School ofPublic Health.

Perhaps no institution has re-ceived as much from Behrakisas the Boston Museum of FineArts. His relationship with themuseum dates back to his highschool days, when his uncle,John Zaroulis, took him to seethe galleries. Later, Behrakiswould host parties at the Mu-seum. He became a member in1989, a patron in 1996, and anoverseer in 1998. Then, one dayin 2001, Behrakis showed up forlunch with MFA Director Mal-colm Rogers and handed him asealed envelope. Inside was acheck for $2 million to endowChristine Kondoleon’s positionas curator of Greek & RomanArt. He has given $25 million tothe museum since 2006 and themuseum now has the newGeorge D. and Margo BehrakisWing, which houses Greek, Ro-man and Egyptian Galleries.

In 2011, the 50-year-memberof AHEPA was honored with theorganization’s ArchbishopIakovos Humanitarian Award inOrange, Cοnn.

Behrakis, a former presidentof the Holy Trinity Greek Ortho-

Continued from page 7


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dox Church in Lowell, Mass., isa member of the ArchdiocesanCouncil’s Executive Committee,and an Archon of the Ecumeni-cal Patriarchate. He is ChairmanEmeritus of Leadership 100.Behrakis also publishes the Hel-lenic Voice. He and his wifeMargo have been married for 50years and have four children andnine grandchildren.

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13GEORGE SAKELLARIS

$700 MillioN eNeRgy, eNviRoNMeNt

Born in Vassara in Laconia,Greece, George Sakellaris, 67,heads one of the largest energysolutions companies in NorthAmerica. His companyAmeresco, Inc. (NYSE: AMRC),which is based in Framingham,Mass., specializes in providingenergy efficiency, infrastructureupgrades, renewable energy, andenergy information manage-ment solutions. George Sakel-laris, President and CEO as wellas Chairman of the Board of Di-rectors of Ameresco, foundedthe company in 2000. Today ithas 70 offices in 35 states, 4Canadian provinces, Brazil,Spain, and the United Kingdom.“Green. Clean. Sustainable” isthe motto of the company thatincreases energy efficiency forfederal, state and local govern-ments, healthcare and educa-tional institutions, housing au-thorities, and commercial andindustrial customers.

Last month, Ameresco wasawarded three army contracts –for solar, wind, and biomasspower – as part of the Army’s $7billion large-scale renewable andalternative energy contract. InJanuary 2013, Ameresco’swholly-owned subsidiarySeldera launched a new technol-ogy-based tool to lower a build-ing’s energy costs. Through wire-less sensing technology, thebuilding consumption is contin-uously analyzed and adapted toavoid waste. In 2012, Amerescocompleted the the largest renew-able energy savings performancecontract in the United Stateswith the Savannah River SiteBiomass Cogeneration Project inAiken, S.C., for Department ofEnergy for $795 million.

Ameresco prides itself in go-ing beyond just conservation toaddress its customers’ entire en-ergy system, including supplyand demand, energy efficiencyand renewable energy.

Sakellaris has this to sayabout his sustainability business,“We have a sharp focus on our

customers’ needs for compre-hensive energy efficiency ser-vices and budget-neutral solu-tions, particularly in today’senvironment of aging infrastruc-ture and budgetary constraints.As an entrepreneurial, technol-ogy-agnostic company,Ameresco is in the best positionto offer our customers the opti-mum solutions to suit their re-quirements.” He continued, “Be-ing in the service business 'youare as good as your people.' Wealways strive to hire and retainthe best in our field.”

After graduating from highschool in Greece, Sakellaris ar-rived in Bangor, Maine, as a col-lege exchange student in 1965to go to college. He spoke littleEnglish when he first enrolledat the University of Maine-Orono, but worked his waythrough college and earned aB.S.E.E. degree, driven by a loveof mathematics and the sciences.His parents arrived in the U.S.in 1969 and the family settledin Boston. He then worked at lo-cal utility New England Electri-cal Systems (NEES), earning anM.B.A. and M.S.E.E. from North-eastern University along the way.Then, Sakellaris explains, “in1979, while working for NewEngland Electric, NEES Manage-ment wanted to establish a com-pany to promote energy effi-ciency to avoid the need to buildnew generation plants. Theyasked me to lead that initiativeand I welcomed the challenge.”

The subsidiary he launchedwas called NEES Energy. Thenin 1990, Mr. Sakellaris pur-chased NEES Energy and it be-came the energy conservationcompany he re-namedNORESCO. In 1997, he sold thatindustry-leading independentenergy services company to Eq-uitable Resources (EQT), a For-tune 500 company. Sakellariscontinued to lead NORESCOand was appointed as a SeniorVice President of Equitable Re-sources. In January 2000, he leftEQT and three months laterfounded Ameresco.

Sakellaris is a DistinguishedMember Inductee of the FrancesCrowe Society at the Universityof Maine, which gave him theEdward T. Bryand DistinguishedEngineer Award in 2007. Hisawards include winning an Ernst& Young Entrepreneur of TheYear 2011 New England award,and Business Leader of the Year2012 for Large Business by theWorcester Business Journal. In2009, he received a GabbyAward (named loosely from theacronym “Greek America’s Bestand Brightest”) from the GreekAmerica Foundation. The awardwas created in 2009 in Chicagoto celebrate those Greek NorthAmericans who strive to be thevery best at what they do. It isawarded every two years.

Among his support for nu-merous educational institutionsin Massachusetts and Maine isestablishing an endowment atUMass Lowell in memory of hismentor, the late Senator PaulTsongas. He is a board memberof Hellenic College Holy Crossand serves on the Board of Over-seers for Northeastern Univer-sity. He is a member of the FaithEndowment and Leadership100, an Archon of the Order ofSt. Andrew and a major bene-factor of his local church, SaintCatherine Greek OrthodoxChurch.

Sakellaris served as a found-ing member of the National As-sociation of Energy Service Com-panies (NAESCO). He is aformer President of NAESCOand still an active member. In2005, he was invited to join theClinton Climate Initiative,launched by former PresidentBill Clinton. He is also a regis-tered Professional Engineer inMassachusetts. A committedoutdoorsman, he has run in fiveBoston Marathons; Sakellarisalso competes in sailing, with hisMini-Max boat Shockwave fre-

quently placing in sailing regat-tas. He lives in Milton, Mass.,with his wife, Cathy, and chil-dren, Christina and Peter.

14JOHN PAYIAVLAS

$650 MillioN FooD iNDUstRy

John Payiavlas is chairman ofAVI Foodsystems, the country’slargest independent, family-owned and operated contractfood service company, providingvending, institutional dining andcoffee service operations.

Payiavlas, the son of Greekimmigrants, traces his com-pany’s beginning to purchasinga few vending machines for thefamily’s Village Café in hishometown of Warren, Ohio.Founded in 1960, AVI currentlyemploys thousands, serves mil-lions of consumers daily, andserves some of the most presti-gious institutions in America, in-cluding industrial centers, cor-porate headquarters complexes,universities, school systems andhealthcare facilities throughoutthe Midwestern and easternUnited States. Their clients in-clude Carnegie Mellon Univer-sity, Eastman Kodak, Good Year,Honda of America Manufactur-ing, Kmart, Kraft Foods, Ohio

State University, Phillips, ToyotaMotor Manufacturing, Univer-sity of Pittsburgh Medical Cen-ter, UPS, the U.S. Postal Service,Toyota Motor Manufacturing,Verizon, and Xerox. Intenselyprivate, Payiavlas runs the com-pany as chairman of the board,while his son Anthony is Presi-dent and CEO and his daughterPatrice (Patsy) serves as ViceChairman. Based in Warren, AVIhas more than 50 branch officesin the Midwestern and EasternUnited States, and makes $2 bil-lion in sales annually. The com-pany expanded into Georgia in2010, and broke ground on an84-room hotel in California, Pa.in 2011. In 2012, AVI introducedMarket C, a turn-key conve-nience store offering fresh selec-tions 24 hours a day, accessedthrough an account card.

Payiavlas and his wifeMarissa were honored in 2006with the Cleveland Clinic’s Dis-tinguished Fellow Award. In2000, he was inducted into theBusiness Hall of Fame of North-east Ohio's Inside Business Mag-azine (ibmag.com). Payiavlastraces his origins to the islandof Chios. He is a Life-Time Chair-man of the Archbishop IakovosLeadership 100 EndowmentFund and an Archon of the Ecu-menical Patriarchate.

www.avifoodsystems.com

15PETER G. ANGELOS

$620 MillioN law, MaJoR leagUe

BaseBall

Peter G. Angelos, 84, is a triallawyer and the current chairman& CEO of Major League Base-ball’s Baltimore Orioles. Hebought the Orioles in August1993, leading a group of in-vestors including prominentMarylanders like novelist Tom

Clancy in purchasing the teamfor $173 million, a record priceat the time.

According to Forbes, the Ori-oles were worth $460 million in2012 (up from $411 million in2010), and listed 17th in valua-tion among Major League Base-ball’s 30 teams. The Orioles en-joyed some success early underAngelos’ ownership, making thepostseason as a wild card teamin 1996 and winning the Amer-ican League East Division titlein 1997. But manager DaveyJohnson resigned after the 1997season, and 14 straight losingseasons ensued. In 2005, theMid-Atlantic Sports Network, co-owned by the Orioles and theWashington Nationals, took off.As of early 2012, it had 6 millionsubscribers.

Angelos was born in Pitts-burgh on July 4, 1929. He cameto Baltimore at 11 years of age.He is a graduate of Eastern Col-lege and the University of Balti-more School of Law, where hewas class valedictorian, andwent onto a lucrative career intrial law, specializing in cases in-volving harmful products, pro-fessional malpractice, and per-sonal injury.

His firm, the Law Offices ofPeter G. Angelos, has attorneysand locations in Maryland,Delaware, and Pennsylvania. An-gelos began working as a crimi-nal defense lawyer followinggraduation. For most of his legalcareer, he was a successful at-torney representing Baltimorelabor unions and their membersthrough his own private prac-tice, which he founded in 1961.Beginning in the 1980s, he re-fashioned his firm’s focus fromcriminal law to civil class actionsuits. His law firm and wealthexpanded exponentially in 1982,when he represented 8,500plaintiffs – the largest numberof plaintiffs ever -- in asbestoslitigation and won. He report-edly made over $100 million onthis one case. Angelos was alsoenormously successful in suingWyeth, the makers of the dietpill fen-phen, and representingthe state of Maryland as lead at-torney in a lawsuit against to-bacco company Philip Morris.The agreement had stipulatedthat he would receive 25% ofthe recovery, but when it was$4.5 billion, Maryland refusedto pay; Angelos’ team settled for$150 million. It was after thathe became a major player in theBaltimore community.

A lifelong Democrat, he wonelection to the Baltimore CityCouncil, and served on theCouncil from 1959 to 1963. Heran for mayor as an independentin 1964, but lost. He has beenan active supporter of nationalDemocratic candidates. Locally,in 2006, he publicly supportedthe Republican incumbent, Bob

Ehrlich, for governor of Mary-land and criticizing Democraticcandidate (now Governor) Mar-tin J. O’Malley. Angelos has beenactive in charitable programs inthe city and state. He is married,and has two sons. Angelos en-joys horse racing, as an ownerof thoroughbred horses. He hasgiven $10 million to his almamater; in return the new lawschool building that is being con-structed will bear the name ofhis parents. The John andFrances Angelos Law Center atthe University of Baltimoreopened in April 2013.

Angelos and his wife havetwo sons, John and Louis.

w w w. a n g e l o s l a w. c o m ,www.masnsports.com, www.bal-timore.orioles.mlb.com

16JOHN PAPPAJOHN

$600 MillioN veNtURe caPitalisM

John Pappajohn, 85, is pres-ident of Equity Dynamics andPappajohn Capital Resources, ofwhich he is also sole proprietor.Equity Dynamics is a financialconsulting entity; PappajohnCapital Resources is a venturecapital firm. Both are located inDes Moines, Iowa.

He serves as director on theboards of three publicly tradedcompanies: Cancer Genetics,Inc., American CareSource Inc.,and CNS Response, Inc., a com-pany which uses EEG-generatedbiomarkers for use in personal-ized medicine in psychiatry. Mr.Pappajohn has served as Direc-tor in over 40 public companies.

Pappajohn emigrated fromEvia, Greece to the UnitedStates when he was just ninemonths old. His father diedwhen he was 16 years of age,and worked to pay his waythrough college. He graduatedfrom the University of Iowa’sCollege of Business Administra-tion in 1952. Throughout his ca-reer as a venture capitalist, hehas been an early investor inover 100 companies, most ofwhich are dedicated to health-care and biotechnology indus-tries.

He and his wife, Mary, havepartnered in philanthropic en-deavors, which have providedmillions for scholarships, busi-ness opportunities and commu-nity enhancements. His charita-ble donations include the John& Mary Pappajohn Clinical Can-cer Center, and Pappajohn En-trepreneurial Centers at fiveIowa universities and colleges.To date, over 150,000 collegestudents have taken part in thelatter, which have sparked over1,000 new businesses. The Pap-pajohn Scholarship Foundation

has distributed over $4 millionin grants to support ethnic, dis-advantaged, and/or minoritystudents over the past 10 years.

In September 2009, the DesMoines Pappajohn SculpturePark opened, featuring $40 mil-lion of the avid collector cou-ple’s outdoor sculptures fromtheir personal collection. In De-cember 2010 the Pappajohnspledged $26.4 million towardsa new University of Iowa bio-medical research building. Thecouple has gifted over $100 mil-lion in various philanthropies.

He has demonstrated a greatlove for the fine arts: he wasnamed by Art News Magazineas one of the top 200 collectorsin the world from 1997-2013.He was appointed to the advi-sory board of the John F.Kennedy Center for the Perform-ing Arts in Washington, D.C. byPresidents Ronald Reagan andGeorge Bush. He currentlyserves on the National Commit-tee of the Performing Arts forthe Kennedy Center. He alsoserves as a member of theTrustees Council of the NationalGallery of Art as well as servingon their Collectors Committee(formerly Chairman). He is avice-chairman of the board ofTrustees of the Hirshhorn Mu-seum in Washington, D.C. anda member of the National Com-mittee with the Whitney Mu-seum in New York City, andHonorary Director at the DesMoines Art Center.

Pappajohn’s church activitiesinclude the Greek OrthodoxArchdiocese of America Arch-diocesan Council and former ex-ecutive committee, and Leader-ship 100 board of directors. Hereceived the title of Archon fromthe Ecumenical Patriarch ofConstantinople in 2000.

Pappajohn is the recipient ofmany prestigious awards, in-cluding the Horatio Alger Award(1995), the Ellis Island Medalof Honor (2000) and theWoodrow Wilson InternationalCenter Award for Corporate Cit-izenship (2007). He is the firstIowan and the second GreekAmerican (Pete Peterson wasthe first) to receive theWoodrow Wilson Award. He hasreceived four honorary doctor-ate degrees. He received the2013 Gabby Award for philan-thropy.

Pappajohn lives in DesMoines with his wife, Mary.They have one daughter, AnnVassiliou.

www.pappajohn.com

17P. ROY VAGELOS, M.D

$575 MillioN PhaRMaceUticals,

healthcaRe

Dr. P. Roy Vagelos, 84, servedas Chairman and CEO of phar-maceutical giant Merck & Co.from 1985 to 1994. He joinedthe worldwide health productsfirm in 1975 as senior vice pres-ident of research, and becamepresident of its research divisionin 1976. Starting in 1982, heserved as senior vice presidentof strategic planning. He con-tinued to hold both positionsuntil 1984, when he was electedexecutive vice president.

Before assuming broader re-sponsibilities of business lead-


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ership, Vagelos had won scien-tific recognition as an authorityon lipids and enzymes, and as aresearch manager. This followeda decision early in his career toput his principal energies intoresearch, rather than the prac-tice of medicine. Vagelos, whoseparents were born in Asia Minorand immigrated to the U.S. inthe 1920s, earned his bachelor’sdegree with honors in 1950from the University of Pennsyl-vania. He earned a medical de-gree from Columbia Universityin 1954. After an internship andresidency at Massachusetts Gen-eral Hospital in Boston (1954-56), he joined the National In-stitutes of Health in Bethesda,Md. At the National Institutesof Health (NIH) from 1956 to1966, he served in the NationalHeart Institute, holding posi-tions in cellular physiology andbiochemistry – first as seniorsurgeon, and then as head ofsection of Comparative Bio-chemistry. In 1966, Vagelosjoined the Washington Univer-sity in St. Louis School of Medi-cine as chairman of its Biologi-cal Chemistry Departmentwhere he founded the divisionof Biology and Biomedical Sci-ences.

The author of several books,including an autobiography,“Medicine, Science and Merck”,and more than 100 scientific pa-pers, he was elected to theAmerican Academy of Arts &Sciences and the National Acad-emy of Sciences in 1972, and tothe American Philosophical So-ciety in 1993. He has receivedhonorary degrees from 14 insti-tutions, including the Universityof Pennsylvania, Columbia, Har-vard, Princeton and WashingtonUniversities.

After retiring from Merck,Vagelos was chairman of theUniversity of Pennsylvania’sBoard of Trustees from 1994 to1999, having served as a trusteesince 1988. He was also presi-dent & CEO of the AmericanSchool of Classical Studies inAthens from 1999 to 2001, andserved on the National ResearchCouncil Committee on Science& Technology for CounteringTerrorism in 2002 and on theNational Academy of Sciences,National Academy of Engineer-ing and Institute of MedicineCommittee that published “Ris-ing Above the Gathering Storm”in 2005.

Merck was very profitableunder his leadership, havingbeen voted “America’s Most Ad-mired Corporation” in the an-nual Fortune magazine poll forseven consecutive years. Duringhis tenure there, Merck devel-oped the cholesterol-loweringstatins, MEVACOR and ZOCOR.

Vagelos is sometimes calledthe father of pharmacophilan-thropy for his decision thatMerck contribute the drug MEC-TIZAN free to cure millions ofAfricans of river blindness. Hischarity work at the Universityof Pennsylvania includes spon-soring scholarship/study pro-grams as well as the Roy andDiana Vagelos Laboratories. TheDiana Student Center, namedafter Mrs. Vagelos at her almamater, Barnard College, openedin 2010.

Since 1995, Vagelos has beenchairman of biotech companyRegeneron Pharmaceuticals,whose revenue more thantripled since 2011. He is alsochairman of Columbia Univer-sity Medical Center’s Board ofAdvisors, and is chairing thecenter’s capital campaign, whichpassed its target of $1 billion by2011. In 2010 the couple con-tributed the lead gift to Colum-bia University Medical Centerfor a new Medical and GraduateEducation building. He is cur-rently on the boards of the Na-tional Math and Science Initia-tive, and The NatureConservancy. Vagelos is marriedto the former Diana Touliatos.They live in New Jersey andhave four children and ninegrandchildren.

18JAMES S. CHANOS

$550 MillioN iNvestMeNt

James S. Chanos, 56, is thefounder and president ofKynikos Associates, the world’sbiggest short-selling hedge fund.

He is famed for predicting – andprofiting from – the 2001 EnronCorporation scandal.

A second-generation Greek-American, Chanos grew up inMilwaukee, Wisc. His fatherowned a chain of dry cleanersin Milwaukee and his motherworked as an office manager ata steel company. He foundedKynikos Associates (in Greek,“kynikos” means cynic) in 1985after a Wall Street career as afinancial analyst with PaineWebber, Gilford Securities andDeutsche Bank. Jim Levitas, hisformer boss, partnered withChanos to launch Kynikos Asso-ciates with $16 million. A yearlater, Levitas, unable to endurethe stress of short selling, leftthe company. The company’s as-sets under management are cur-rently $6 billion. Kynikos has of-fices in New York and London.

Chanos has a long history ofmaking shrewd predictions hav-ing identified several financialmeltdowns such as BostonChicken, Conesco and Tyco In-ternational. In 2000 he startedinvestigating Enron. In 2001,predicting the company’s finan-cial problems, he became En-ron’s short seller. By the timethe Enron scandal was public,Kynikos Associates profitedgreatly. Financial magazine Bar-ron’s mentioned his early pre-diction of Enron’s fall as “themarket call of the decade, if notthe past fifty years.” Later on,he successfully predictedSotheby’s stock drop–it plum-meted in November 2007 from$57 to $10. In 2011, he beganshorting computer manufac-turer Hewlett Packard, when itacquired British software com-pany Autonomy. Since that time,HP’s stock price has fallen 22.5percent, and last September HPannounced it would eliminate29,000 jobs through the end ofits 2014 fiscal year.

In March 2006, Chanos cre-ated the Coalition of Private In-vestment Companies, an orga-nization aiming at promotinghedge funds in Washington. Re-cently, the lobbying group hasshifted its attention to Europe.

He appears regularly in theAmerican media giving financialadvices and predictions. He haslong been considered a “mediaoperator” with a strong relation-ship with journalists that respectand promote his ideas. He con-tinues to regularly declare thatChina’s economy will crash.Chanos is a graduate of YaleUniversity, where he studiedeconomics and political science.He was divorced in 2006 andlives in New York City with hisfour children.

19JAMES DIMON

$503 MillioN coRPoRate

aDMiNistRatioN

Jamie Dimon, 57, is chair-man & CEO of JPMorgan Chase,one of the country’s largestbanks. Currently ranked 12thamong Forbes highest paidCEOs, and 34th on its list of theWorld’s Most Powerful People,Forbes lists his five-year com-pensation at $140.92 millionand stock ownership at $223.4million. ABC News recently re-ported he will receive a 74 per-cent pay raise, after overseeingJPMorgan Chase while the bankpaid about $20 billion in penal-ties last year to federal authori-ties.

Despite that, and the com-pany’s highly-publicized $6 bil-lion loss in 2012, Dimon hasmanaged to keep JPMorganwell ahead of the curve sincetaking the helm in 2006. Evenwhen all the country’s majorbanks – e.g., Bank of Americaand Citigroup – were barelymanaging to stay afloat, the $2

trillion-in-assets bank thrived re-cently, earning Dimon the re-spect of his peers. He has beenon Time magazine’s list of 100most influential people threetimes since 2006.

Dimon was born in NewYork. His grandfather, a Greekimmigrant from Smyrna, was abroker and passed his knowl-edge of the business onto hisson and partner Theodore, Di-mon’s father. As a boy, Dimonattended the Browning School,a prestigious all-boys prepschool on the Upper East Side.He later majored in Psychologyand Economics at Tufts Univer-sity, and earned his MBA fromHarvard University BusinessSchool. Upon graduating in1982, Sanford Weill convincedhim to turn down offers fromGoldman Sachs and MorganStanley, and join him as an as-sistant at American Express.Through a series of unprece-dented mergers and acquisitionsthat ensued, they formed Citi-group, then the largest financialservices conglomerate in theworld. Weill was the one whomade the deals, but Dimon wasthe “whiz kid” who made thenumbers work. Dimon left Citi-group in November 1998 due toan internal conflict with Mr.Weill.

He serves on the boards ofdirectors of the Clearing House,and the United Negro CollegeFund. He serves on the execu-tive committee of the BusinessCouncil, Business Roundtableand the Partnership for NewYork City, and is a member ofthe Financial Services Forum, Fi-nancial Services Roundtable andCouncil on Foreign Relations.He served on the board of di-rectors of the Federal ReserveBank of New York until his termended last year.

He is married to Judith Kent,with whom he has three daugh-ters.

www.jpmorganchase.com

20GEORGE N.

HATSOPOULOS, PH.D$450 MillioN

theRMioNic techNology

Dr. George N. Hatsopoulos,86, was awarded at the Novem-ber 2009 Boston History & In-novation Awards for “half a cen-tury of innovations inenvironmental quality, healthand safety technologies.”

The Greek-born scientistwanted to change the way theworld makes electricity. He andhis brother John foundedThermo Electron in 1956 (witha $50,000 loan from a Greekshipowner). Thermo Electrongrew into an international com-pany recognized as a globalleader in environmental moni-toring and analysis instruments,and a major producer of paper-recycling equipment, biomedicalproducts, alternative-energy sys-tems and other products andservices related to environmen-tal quality, health and safety. By1981, it was ranked 739thamong Fortune’s 1,000 largestindustrial firms. By the time itmerged with Fisher Scientific inNovember 2006, Thermo Elec-tron was seeing annual revenuesof over $2 billion, and employed11,000 people in 30 countries.Hatsopoulos’ work led to rapidadvances in thermionic powerconversion. He retired in 1999,but remains chairman emeritusof Thermo Fischer Scientific(NYSE:TMO), which today isworth over $49 billion.

In 2000, Hatsopoulos, hisbrother John, and other privateinvestors purchased Tecogen,formerly the research and de-velopment division of ThermoElectron. As an independentcompany, It builds power sys-tems that can generate electric-ity and run heating or coolingunits for big buildings. Lastmonth, Tecogen filed to sell $5million of common stock on theNASDAQ exchange. It had with-drawn a prior IPO registrationin October 2013.

His training began in Greeceat the National Polytechnic In-stitute in Athens. He receivedhis bachelor’s (1949), master’s(1950) and doctorate (1956),at the Massachusetts Institute ofTechnology, all in mechanicalengineering. Dr. Hatsopouloshas testified at numerous con-gressional hearings on national

energy policy and capital forma-tion, and has served on manynational committees on energyconservation, environmentalprotection and international ex-change. He is also noted for hisand Joseph Keenan’s famoustextbook, “Principles of GeneralThermodynamics.”

In 1996, Hatsopoulos wonthe John Fritz Medal, the high-est American award in the en-gineering profession. In 2007,he was one of the nine promi-nent Greek-Americans whowere selected by President Car-olos Papoulias to be honoredwith the Hellenic Republic’sprestigious Commander of theOrder of Honor award. Until hisretirement in April 2012, Hat-sopoulos was the chairman ofAmerican DG Energy Inc.(ADGE), the leading on-site util-ity he formed with his brotherin 2001 offering electricity, heat,hot water and cooling to com-mercial, institutional and indus-trial customers. He remains atechnical advisor to AmericanDG, where his brother Johnserves as CEO. The company,whose stocks were valued re-cently at $97.6 million special-izes in green energy and carbonreducing solutions.

www.americandg.com

21JOHN G. RANGOS SR.

$425 MillioNeNviRoNMeNtal

MaNageMeNtJohn G. Rangos Sr., 84, made

his fortune through the trans-portation, disposal and manage-ment of industrial wastes, aswell as security services.

Born in Steubenville, Ohio,he grew up during the Depres-sion in northern West Virginiaand Fredericksburg, Va. His ed-ucation at the Houston Schoolof Business was interruptedwhen he joined the Active ForceReserve unit in Pittsburgh, Pa.His served in the Army from1951 to 1954, including servingon a combat signal team in theFar East with great distinction.

Rangos began his career withRockwell Manufacturing Com-pany in Pittsburgh, where hedistinguished himself by becom-ing the youngest general agentin company history. He formedseveral companies in the 1960’s,and pioneered technological ad-vances in the transportation anddisposal of industrial waste. Hefounded Chambers Develop-ment Inc. in 1971, a firm thatprovided waste treatment ser-vices; developed commercial re-cycling programs; and brokeground with specially lined, lay-ered landfills to protect ground-water supplies.

Rangos’ many innovativeachievements include convert-ing power plant boiler ash intoa useful component of cinderblocks and anti-skid material forhighways. He also played an in-strumental role in inventingtechniques for recycling bitumi-nous byproducts and disposingsewage and sludge. He devel-oped methods for liquid indus-trial waste disposal, and createda resource recovery system thatconverts waste-generatedmethane into usable energy.

Together with his sons, Alexand John Jr., Rangos advocatedstandards for regional sanitationsites that resolved many envi-ronmental concerns nationwide.They initiated present-day envi-ronmental protection standardsdecades ago, to include the de-sign and strict enforcement offederal laws forbidding corruptpractices in the transporting ofillegal waste. Across the EasternSeaboard and into the Midwest,they built the largest, most so-phisticated land disposal facili-ties in the industry - includingdouble-composite-lined HDPE(high-density polyethylene) fa-cilities to protect ground water- long before other waste man-agement companies emerged.

In October 1991, ChambersDevelopment owned and oper-ated a number of large regionallandfills, worth a reported mar-ket value of $1.7 billion. Cham-bers went public and, in 1995,was merged with USA Waste,then the country’s secondlargest waste management com-pany. Rangos served as vicechairman of USA Waste, duringwhich time Waste ManagementInc., the country’s largest trashhauler, acquired USA Waste.That merger in 1998 has provento be a major continued success.

The massive Okeechobee,Fla. landfill (approved in 1993,and now operated by WasteManagement) is just one exam-ple of Rangos’ commitment tosound environmental practicesand regional economic develop-ment. That site has a 100-yearcapacity and receives 7,000 tonsof waste daily. Such monumen-tal, environmentally-friendlydisposal sites have also been aneconomic boon to the areas inwhich they function. Okee-chobee County still receives mil-lions of dollars in royalties fromits landfill each year, boostingthe local government’s ability to

finance schools and roads, aswell as improve police and fire-fighting services.

Rangos also founded U.S.Utilities in the mid-1960s. A pre-cursor to Chambers Develop-ment, USU was part of a con-glomerate, which eventuallybecame part of Chambers. USUsubcontracted with Stone &Webster (now part of the ShawGroup), a major engineeringservices firm, to help buildatomic energy plants.

Together with his partner IanMcLennan, a respected FBIagent, Rangos cofounded Secu-rity Bureau Inc., one of the mostprominent security companiesin the country, in the mid-1970s.SBI guarded everything frombanks and shopping centers toindustrial and atomic energyplants. It grew into a companywith a license in every state inthe Union, and was eventuallysold for more than $40 million.

Rangos has three childrenand three grandchildren. Hefounded and directs the John G.Rangos Sr. Family CharitableFoundation. He is also the for-mer president and founder ofthe Congressional Medal ofHonor Foundation, and thefounder and chairman emeritusof International Orthodox Chris-tian Charities. He sits on numer-ous boards, and the RangosFoundation supports medical re-search at Children's Hospital ofPittsburgh, one of the world'sfinest pediatric care centers, andJohns Hopkins UniversitySchool of Medicine, where heestablished an innovative newprogram which invites and chal-lenges the brightest youngminds at Johns Hopkins to finda cure to metastatic cancer. TheRangos Foundation also sup-ports programs at Duquesne andCarnegie Mellon Universities,and many other programs andorganizations (e.g., theLeukemia & Lymphoma Soci-ety). Rangos has recently takenan active interest in helping thecountry's wounded warriors re-adapt to civilian life.

22MICHAEL E. KALOGRIS

$400 MillioNtelecoMMUNicatioNs

Mr. Kalogris, 63, in 2008 co-founded Arete Capital Parners,a private investment companythat functions as an operatingpartner of the New York basedequity firm Catalyst Investors.He is managing partner ofArete.

He was chairman & CEO ofSunCom Wireless, a wirelesscarrier which had operated inthe southeastern United Statessince 1999, and in parts of theCaribbean since 2004. Foundedin January 1999 as Triton PCSHoldings, Triton changed itsname to SunCom in 2005.Based in Berwyn, Pennsylvania,SunCom went through severaldeals with other major cellularcarriers. Before it was finally ac-

quired by T-Mobile for $1.6 bil-lion in cash and $800 million inassumed debt in February 2008,SunCom provided digital wire-less communications services tomore than 1.1 million sub-scribers. Mr. Kalogris has a longhistory in the “buy it, build it,sell it” business. In November1999, he reached an agreementwith Rural Cellular Corporation,which purchased portions of Tri-ton’s assets for $1.24 billion inearly 2000 (Verizon eventuallyacquired Rural for $2.66 billionin cash and assumed debt in Au-gust 2007). He also built out Tri-ton’s network with CingularWireless in 2004 before chang-ing Triton’s name to SunComand ultimately selling SunComto T- Mobile.

A stocky, graying zealot ofthe wireless industry, he still

lives outside Philadelphia withhis wife of many years (his highschool sweetheart), with whomhe has two children. Besides Mr.Kalogris’ reputation of makingmoney for his investors, it wasa deal with AT&T in the 1990swhich attracted investors. In ex-change for a small equity stake,AT&T gave Triton licenses cov-ering 11 million people in areascontiguous with AT&T’s territo-ries in the southeast.

Mr. Kalogris earned his MBAat Columbia University BusinessSchool in 1982. After workingat IBM for a spell, he enteredthe telecommunications busi-ness by taking a job with aPhiladelphia- based outfit calledMetrophone, helping to build itinto a $1.1 billion cellular com-pany in Philadelphia and its sub-urbs before its owners soldMetrophone to Comcast in1991. Mr. Kalogris had no eq-uity in Metrophone, so he leftto build Horizon to operatemostly in suburban Pennsylva-nia and Washington, D.C. Fiveyears later, Horizon was sold ina series of deals for the $575million, but Mr. Kalogris and hisfellow managers got to sharejust $10 million of that amongthem. This only made him de-termined to get more of the ac-tion, so he found backers in J.P.Morgan, Chase Capital Partnersand Desai Capital Managementto give him 10 percent of Tritonas compensation for running thedeal. The money flowed in:Even before the bonds wereplaced, Mr. Kalogris got a $425million bank revolver loan and$140 million in equity commit-ments. That and junk bond pro-ceeds built his system, and hehas since never looked back.

Mr. Kalogris has consistentlydistinguished himself as a leaderin the highly competitive wire-less industry, and is a formerboard member as well as formerchairman of the CellularTelecommunications & InternetAssociation (CTIA).

22PETER J. BARRIS

$400 MillioN veNtURe caPital

Peter J. Barris, 61, is a ven-ture capitalist known for helpingto launch companies includingGroupon, CareerBuilder and Di-apers.com. He has been Manag-ing General Partner of leadingventure capital investor NewEnterprise Associates (NEA),Inc. since 1999, having joinedthe company in 1992.

At NEA, he has led invest-ments in over 25 companies thathave gone public or had success-ful acquisitions. He has gracedthe Forbes Midas list of top tech-nology investors since 2007,and was listed at #49 in 2013.NEA invested $14.8 million inGroupon early on and received$70 million back in 2011. Thatyear, Groupon became public,reaping one of the greatest ven-ture returns ever with an initialpublic offering value of $12.8billion.

Under his leadership, accord-ing to the NEA website, thecompany’s assets under man-agement have grown more thanten-fold to over $13 billion. Thecompany with offices in Mary-land and California’s Silicon Val-ley now has branches in India,China – and most recently --New York City. NEA, founded 35years ago, has seen 165 portfo-lio companies going public and265 acquisitions.

Barris grew up in Chicago.His father James was an engi-neer, and his grandparents werefrom Greece. He earned an MBAfrom Dartmouth College afterstudying electrical engineeringat Northwestern.

He started his career in vari-ous management positions atGeneral Electric Company. In aninterview with Forbes, hecounted his first bosses, whileat General Electric, Greg Lie-mandt and Jack Welch as having“the most profound impact” onhis career. He went on to bePresident and COO of LegentCorporation (LGNT) and SeniorVice President of the SystemsSoftware Division of UCCELCorporation (UCE), both ofwhich experienced profitable ac-quisitions.

Washington Life Magazineset his estimated net worth atbetween $300-$500 million in2007.


At NEA Barris took telecomcompany $570-million companyNeutral Tandem public in 2007and $590-million Echo Globalpublic in 2009. He is involvedwith NEA affiliates includingsatellite operator ProtoStar, TVsoftware/hardware companyHillcrest, recently-gone-publicGoji Food Solutions, online jobrecruitment site JobFox, infor-mation technology companyMediaBank, digital distributioncompany SnagFilms, and socialmedia management companySprout Social. He is on theboard of directors of public com-panies including Groupon(GRPN), Goji Food SolutionsLtd., Benchprep, Hillcrest Labo-ratories, Inc., MediaOcean,SnagFilms, and Sprout Social.

He is also on the Initiativefor Sustainability and Energy atNorthwestern Steering Commit-tee. At Dartmouth he is on theboard of the Tuck School PrivateEquity and Entrepreneur Centerand launched the Barris Incuba-tor at Tuck, which is aimed toencourage student startups. Hepreviously served on the Execu-tive Committee of the Board ofthe National Venture Capital As-sociation and was also a found-ing member of Venture Philan-thropy Partners, a philanthropicorganization in the Washington,D.C. area.

Barris, a member of Leader-ship 100 and an Archon of theOrder of St. Andrew, lives inMcLean, Va. with his wife, Adri-enne. They have two daughters.

www.nea.com

23NICHOLAS G.KARABOTS $375 MillioN

PUBlishiNg, Real estate

“The issue here is not ulti-mately your net worth, but whatyou do with the value you havecreated,” said Nicholas G.Karabots, 80, owner of KappaPublishing Group, Inc. the na-tion’s largest publisher of puzzlemagazines and books.

His parents, Konstantina Hri-somalis and Georgios Karabot-sios, hailed from the Pelopon-nesian villages of Anavriti andMalantreni, respectively. Thefamily name was shortenedwhen his father arrived on EllisIsland.

Karabots was born in NewJersey and raised in the SouthBronx, N.Y. and attended theGreek American Institute. After

his father lost his restaurantbusiness in the Wall Street Crashof 1929, Karabots subsequentlyheld his first job at age 9, in1942, as a shoeshine boy inManhattan’s Union Square. Af-ter graduating high school in1951, he entered the printingindustry, learning the ropes atan RCA affiliate on Wall Streetbefore becoming a manager ofprinting operations elsewhere.Eventually he achieved a salesand management position, of-fered by a Hellenophile fromAustria, who was the owner ofPolychrome, a manufacturer ofprinting supplies. In 1964, helaunched, with a partner, thecompany Phota Inc., whichmanufactured photographicchemicals specific to the devel-opment of X Ray film and as-sisted in the development andimportation to the United Statesof Fuji film. In 1970 he acquireda printing company in Scranton,Pa. and expanded it via theprinting and binding of TVGuide among other nationallyknown magazines. That com-pany, today known as KappaGraphics, LP, celebrates 43 suc-cessful years under Karabots’ownership and 106 years sinceits founding.

Today he is Chairman of theBoard of Directors and Chief Ex-ecutive Officer of Kappa Pub-lishing Group, Inc., and holdssimilar positions in his other pri-vately-held companies involvedwith, printing, publishing, prod-uct fulfillment, land develop-ment, the country club businessand winemaking and is assistedby his daughters Andrea, De-spina, Constance and Con-stance’s husband Paul. Andrea’shusband Michael is President ofKable Media and Palm CoastData subsidiaries of AMREPCorporation, a publicly heldcompany in which Karabots is acontrolling shareholder.

Apart from its huge gamut ofpuzzle magazines and subscrip-

tion services, Kappa PublishingGroup, Inc. also publisheswrestling, astrology, games, andother specialty magazines. Itsaffiliated companies offer com-mercial and digital printing anddistribution services whileKappa Map Group creates anddistributes both various mapproducts. Kappa Books Publish-ers LLC, another affiliated com-pany, is a specialty publisherand marketer of children’s ac-tivity books.

The group’s roots were inKarabots’ purchase of the Scran-ton Lithographing Company in1970, which became KappaGraphics, and the establishmentof a relationship with puzzlebook publisher Official Publica-tions, which Karabots acquired.Kappa acquired several otherpublishing companies over theyears and in turn he founded,in 1990, the Spartan Organiza-tion, Inc., which provides man-agement and legal services tothe various Karabots affiliates.In turn, it led to the further di-versification of his various busi-ness interests.

From 1993 to 2013, he wasdirector of Amrep Corporation(AXR/NYSE), whose interestsrest in the real estate and me-dia-related industries such asproduct and subscription fulfill-ment combined with newsstanddistribution services. Karabotsresigned in 2013 from his posi-tion as Vice Chairman of theBoard of AMREP in order to de-vote more time to his pendingacquisitions in the private sectorbut retains his significant share-holder interests in AMREP. Am-rep has developed Rio Rancho,New Mexico’s third-largest city.

There are about 1,800 peo-ple employed by Amrep andKarabots’ private companiescombined.

Karabots’ real estate interestsbegan with a purchase, in 1980,of a farm outside of Philadel-phia, which led to other acqui-sitions, primarily in Pennsylva-nia and the subdivision of theseother assets and eventually thedesign and development of Jeri-cho National Golf Club, Inc.Karabots also owns Krasi, LLCthe owner of Karamoor Wines,together with its vineyard andwinery.

Together with his wife of 59years, Athena DikegorosKarabots, he established theKarabots Foundation, Inc. as aresult of his experiences as ayouth in the South Bronx. Thefoundation specializes in ex-panding opportunities for youngpeople in inner city or otherwise

underserved communities. Hetold TNH in 2009: “My heartbeats for the small children whoare tied to poverty and don’tknow that there is somethingout there that is better.” In fall2012, the Karabots gave $7.5million to The Children’s Hos-pital of Philadelphia for a newpediatric care facility which wasdedicated and opened in Febru-ary 2013, and $10 million toThe Franklin Institute museumto expand its classrooms and ex-hibition capabilities. TheKarabots Foundation has addi-tionally contributed $15 millionto support the acquisition of theEakins painting by the Philadel-phia Museum of Art togetherwith a very rare 16th centuryhorse armor, which serves as acenter piece within the armsand armor section at the mu-seum. To date the foundationhas provided over $58 millionto many such organizations thatfocus on the Foundation’s mis-sion. Nicholas and AthenaKarabots have also supportedthe University of Pennsylvaniaand currently the University ofArizona in their archaeologicalexcavations on Mt. Lykaion inArcadia, Greece.

He and wife live in Pennsyl-vania and have three daughtersand 10 grandchildren.

w w w. a m r e p c o r p . c o m ,www.kappapublishing.com,www.modernpublishing.com,www.kappagraphics . com,www.craftlinegraphics.com,w w w. k a p p a b o o k s . c o m ,www.kappamapgroup.com,www. jer i chonat iona l .b iz ,www.karamoorwines.com,www.lykaionexcavation.orgwww.jerichonational.com,www.karamoorwines.com,

www.lykaionexcavation.org

24SOTIRIOS VAHAVIOLOS,

PH.D $370 MillioN

asset PRotectioNsolUtioNs

Dr. Sotirios J. Vahaviolos, 67,is the Founder, Chairman, andCEO of Mistras Group, the NewJersey-based global provider oftechnology-enabled asset pro-tection solutions used to evalu-ate the structural integrity,safety and efficiency of criticalenergy, industrial and public in-frastructure.

With more than 100 officesand 45,100 employees in 16countries, Mistras Group pro-

vides the majority of their ser-vices to clients on a regular, re-curring outsourced basis. Itmonitors daily such historicbridges as the Ben Franklinbridge in Philadelphia Pa., theSevern bridge connecting Eng-land and Wales, the Bay Bridgein San Francisco, platforms andoil rigs in places including theNorth Sea, U.S.-based nuclearpower plants, and other indus-trial plant facilities in countriesall over the world daily, throughthe help of internet based onlinemonitoring technologies basedon satellites and other links. In-ternational clients are in thefields of oil and gas, fossil andnuclear power, public infrastruc-ture, chemicals, aerospace anddefense, transportation, primarymetals and metalworking, phar-maceuticals and food process-ing. Among them are AmericanElectric Power Inc., Bayer AG,BP, Bechtel Corp., General Elec-tric Co., Boeing Co., Excelon,ExxonMobil, Shell, and ValeroEnergy Co. The Mistras Groupcombines industry-leading prod-ucts and technologies, expertisein mechanical integrity (MI) andnon-destructive testing (NDT)services and proprietary dataanalysis software to offer cus-tomized solutions, ranging fromroutine inspections to complex,plant-wide asset integrity assess-ments and management. Thecompany works to extend theuseful life of their assets, in-crease productivity, minimize re-pair costs, comply with govern-mental safety andenvironmental regulations,manage risk and avoid cata-strophic disasters. Vahaviolosnotes that the company is “seek-ing more acquisitions and betterexpansion abroad.”

MISTRAS ended their fiscalyear on May 31, 2013 at $529.3million, up from $436.9 the pre-vious year for a revenue growthof 21 percent. At press time, thestock shares had reached

$20.61, a big increase from the$12.50 price when the stockfirst went public in the NewYork Stock Exchange in October2009.

Vahaviolos, who was born in1946 in historic Mistras, in thePeloponnese, as a child rippedapart electrical machinery andrebuilt it for fun – as well as forbetter safety in the newly elec-trified village. He came toUnited States to study engineer-ing at Fairleigh Dickinson Uni-versity in New Jersey, where hegraduated first in his Scienceand Engineering class and wenton, as a recipient of The BellLaboratories Graduate StudyScholarship Program, to earnMS and PhD degrees in electri-cal engineering from ColumbiaUniversity. He was also awardeda master’s degree in philosophy.He started his career at Ameri-can Telephone & Telegraph'sBell Laboratories, where theconcept of acoustic emissionswas developed in the late 1940s.When Vahaviolos joined thecompany in the 1970s, heworked out computerized solu-tions to the long-standing prob-lem of how to filter out irrele-vant background noise duringacoustic-emission testing, thusmaking the technology useableto detect in real time imperfec-tions, cracks, and growing cor-rosion in materials and struc-tures.

Vahaviolos has written over100 technical papers and threebooks, amassed numerouspatents and many honors andawards over the years, and be-longs to various professionaland scientific organizations, in-cluding the American Societyfor Non Destructive Testing, forwhich he has served as presi-dent, and the InternationalCommittee for NondestructiveTesting (ICNDT), which collab-orates with the United Nations.A former president of ICNDT, heis a Life Honorary Member ofits board. (NDT is the testing ofmaterials without interferingwith their make-up and encom-passes a broad range of scien-tific disciplines.) He was re-cently elected a Life Fellow ofthe Institute of Electrical andElectronic Engineers and washonored at the March 10 AHIHellenic Heritage Achievement.

Vahaviolos is married to As-pasia Nessas Vahaviolos, withwhom he has three daughters:Athanasia Vahaviolos, who runsthe Greek Mistras Group HellasABEE company serving the



NERAI opened 10 months ago, and became the breath of fresh air that upscale greek dining in New york

always needed. this is not your neighborhood taverna for sure, but rather a new take on the greek tra-

ditional, and it extends from the food, to the décor, to the service. an amuse’ is usually a way of greeting

the guest with a tid bit from the chef, and at NeRai, the journey begins here.

yogurt spheres rolled in oregano and paprika, Kalamata olives and extra virgin olive oil with just the right

tinge of green, your taste buds start dancing zembekiko and the meal has only just started.

Moving from a Fisherman’s Carpaccio, that was almost too pretty to eat, to a traditional Greek Salad that

was plated beautifully, to an entrée of Short Rib Yiouvetsi, a spin on a braised classic that was out of this

world, it was hard to decide which part of the meal was the best. Make sure you save room for dessert

though, as no place does it better. Picture this Saragli, syrup soaked fillo, walnuts, cinnamon, all packaged

in neat finger size roll and served with pistachio gelato. and Lavender Mousse, lavender infused yogurt,

pineapple carpaccio, caramelized pecans, and honey drizzled on top, what else is there to say.

the service and greek wine experience, were also stand outs on this dinner trip. NERAI’s wine menu is

30% greek, and their sommelier is always ready to guide the un-initiated through the rich and subtle fla-

vors that is often forgotten about greek wine. assyrtiko from santorini was the winner on this trip, with

its floral nose, light crisp, and subtle minerality, you could almost taste the volcanic earth that gave it life.

For the less adventurous NERAI is fully stocked with old world and new world classics, and the staff is al-

ways there to help.

55 east 54th street, New york, Ny 10022

tel.: 212-759- 5554

[email protected] R

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Matrimonial Law

COFFINAS & LUSTHAUS, PC

New york Matrimonial and Family law firm coffinas& lusthaus has become the first stop for New yorkersseeking resolution of their custodial issues, fair asset distribution, support and award enforcement amidmarital and family distress.

For almost 20 years, Maria coffinas and Meredithlusthaus have limited their case load to provide quality,personalized service to their clients. they have built anoutstanding reputation among their colleagues in thelaw and their many satifsfied clients. ‘Meredith and ihad a similar vision of a firm that would really focus on individual client needs, ‘coffinas says, adding. ‘asworking women, we have a unique perspective to offerand know how to really get things done.’

Both partners have extensive experience in all aspectsof New york matrimonial and family law. they use theirknowledge of the law and procedure to implement creative strategies that benefit their clients and oftenset precedent for future cases. Ms. lusthaus says, ‘weare always practical and do not have a lot of time fornonsense. we apply that principle in and out of thecourtroom.’

the firm prides itself on successes assisting moniedspouses retain their assets, as well as aiding non-monied spouses receive their financial due. thepartners also boast an equally impressive track recordof award enforcement. as Ms. lusthaus says, ‘withoutenforcement, the awards are useless to our clients.’

in 2011, a wealthy husband attempted to coerce a one-sided settlement from their client, a stay-at-homemother. Ms. lusthaus obtained a court order for$30,500 per month in temporary support, plus housingand additional expenses, including her attorney fees.

this year, a derelict spouse failed to pay the multimil-lion-dollar award of property, counsel fees and appel-late counsel fees that they secured for her after trial.Ms. coffinas obtained an order to incarcerate thespouse. after a few nights in jail, he paid every pennytheir client was due.

But coffinas & lusthaus has done more than resolvecases at the lower court level. they have helped shapethe development of the law through their numerousvictories, on appeal. a thorough list of the firm’s land-mark cases and achievements can be found on its website, www.coflus.com.

additionally, the partners have become well known in the legal community, attaining memberships, accolades, and leadership positions in various notableorganizations. they are both av Preeminent* rated byMartindale-hubbell* and have also received the clientDistrinction award from Martindale.com andlawyers.com

186 Joralemon street, suite 910, Brooklyn, Ny 11201,

Ph: 718.488.7900, Fax: 718.625.3210www.coflus.com

AS SEEN IN

FORTUNE MAGAZINE LEGAL MARKET PLACEOCTOBER 28, 2013 ISSUE

Balkans and Eastern Mediter-ranean countries, Stephanie-Athena Foglia, Mistras’ BenefitsManager, and Kristy Vahaviolos-Kyriakopoulos.

www.mistrasgroup.com

24JOHN GEORGES

$370 MillioN MaRiNe, FooD seRvices

John Georges, 53, is thefounder and CEO of Georges En-terprises, a company based inElmwood, La. specializing in ac-quiring and growing businesses.It invests in food vending, gro-cery distribution, video/arcadeentertainment, restaurants, andmedia outlets.

The company began as Impe-rial Trading in 1916, a wholesalegrocery distribution companyfounded by John Georges’grandfather Gus Pelias. Thecompany is now the eighthlargest convenience store sup-plier in the nation.

In April 2013, Georges Enter-prises acquired The Advocate, adaily newspaper with New Or-leans and Baton Rouge editionsand websites covering nearbytowns Ascension and Acadiana.According to Greater BatonRouge Business Report, the dealcost Georges about $50 million.

John Georges started out inthe family business at a youngage, sweeping warehouse floorsat age 11 and making deliveriesby age 15. His father, DennisGeorges, immigrated to the U.S.after serving in the Greek Resis-tance and the Royal Greek AirForce at a young age duringWorld War II.

He completed his studies atTulane University in 1983, turn-ing his attention to ImperialTrading, expanding its salesfrom $29 million to $1 billiontoday, with 4,000 retailers innine states. Recent acquisitionsby Georges Enterprises include:in September 2011 the $50 mil-lion food distributor Clifford D.Fite Company, $100 millionUnion Grocery in 2010 and themulti-million Harrison Companyin 2008. Georges Enterprises’CEO said in a related press re-lease: “We are looking to makemore acquisitions in the fooddistribution sector."

In 2006, Imperial Vendingmerged with Whitener Snacksto become Refreshment Solu-tions, a Georges Enterprises sub-sidiary. Georges Enterprises’AMA Distributors specialize inentertainment from videogamesand pool tables to jukeboxes.Georges Enterprises’ portfolio ofreal estate holdings; amongthem are 25 acres of industrialreal estate in the greater NewOrleans area, including the siteonce occupied by Louisiana FilmStudios.

Georges Enterprises was pre-viously very involved with ma-rine services. However, asGeorges confirmed to the TNHimmediately after the BP OilSpill, in January 2010, Georges

Enterprises sold its fleet of off-shore tugs under Dolphin Ma-rine International Company toconcentrate on its food distribu-tion business. The family of hiswife, the former Dathel Cole-man, owns cleanup company OilMop OMI.

Georges purchased the 105-year old French/Creole restau-rant Galatoire for perhaps $11million a couple of years ago,with a major construction un-derway for it to return at a newlocation in Baton Rouge byChristmas 2012. The menu spe-cializes in seafood, especially lo-cal specialties like shrimp andsoft-shelled crabs.

Georges is very involved withboth Louisiana public life andthe community of The Greek Or-thodox Cathedral of the HolyTrinity, and was notable in post-Hurricane Katrina both at theUniversity of New Orleans, aswell as his own, and localchurches. The former churchpresident hosted Ecumenical Pa-triarch Bartholomew when hevisited New Orleans in October2009.

A notable campaign financer,Georges spent millions to unsuc-cessfully run for governor twice,first as an independent candi-date in post-Katrina in 2007, andagain, as a Democrat, in 2010.Undeterred, he is now eyeingthe 2015 race.

He is a member of TulaneUniversity’s President's Council.Georges is a foundation memberof the University of New Orleansand LSU Medical. He is on theWorld Trade Center Board of Di-rectors, New Orleans BusinessCouncil, Jefferson BusinessCouncil, New Orleans Chamberof Council Board of Director. Hehas also chaired and been vicepresident of the Western Regionof the Young Presidents Organi-zation. He has chaired theMetairie Park Country DaySchool Recovery and been onthe board of both Crimestoppersand the Young Leadership Coun-cil of New Orleans.

He and his wife, Dathel, havethree children: Zana, Liza, andJohn Jr. (Nike).

www.georgesenterprises.com, www.imperialtrading.com

25NICHOLAS

GALAKATOS, PH.D$350 MillioN

BioMeDical techNology

Dr. Nicholas Galakatos, 56,has been Managing Director ofClarus Ventures since the Cam-bridge, Mass.-based firm’s incep-tion in 2005. Clarus Ventures isa life sciences venture capitalfirm founded by a team of “ac-complished investment profes-sionals with extensive and com-plementary industrybackgrounds which have en-abled them to establish a longhistory of success in creatingvalue,” according to its website,which also reports $1.2 billionof assets under its management“across two life sciences dedi-cated funds.”

Galakatos has over twodecades of industry and invest-ment experience in the health-care sector. From 1997 to 2000,he was vice president of NewBusiness at Millennium Pharma-ceuticals, a leading biopharma-ceuticals company purchased bythe Takeda Oncology Companyfor $8.8 billion in May 2008, anda member of its managementteam. During that time Galakatoscofounded Millennium Predic-tive Medicine and TransFormPharmaceuticals, where he waschairman. Prior to his stint atMillennium, he was an associateat Venrock Associates focusing

on early stage biotechnology in-vestments. Before Venrock, hewas head of Molecular BiologyResearch at Novartis.

Born in Athens and raised inThessaloniki, where he studiedat Anatolia College. Galakatosearned his doctorate in OrganicChemistry from MIT before post-doctoral studies at Harvard Med-ical School. He is director of oph-thalmology companyOphthotech, cardiovascular ther-apy company Portola, and diag-nostics company Nanostring, allof which had successful IPO's in2013. Before that he sold Trans-Form Pharmaceuticals to John-son & Johnson, and as the Chair-man of Hypnion Galakatos“made out well with 2007 saleof Hypnion to Eli Lilly for $315million,” Forbes reported.

He and his wife, Alice, havetwo sons. Galakatos is a memberof the Director’s Council of theKoch Institute at MIT, and theGenetics Advisory Council atHarvard Medical School. He isalso on Anatolia College’s boardof trustees. editor of the Huffin-gton Post’ Huff/Post50 site forBaby Boomers.

26MICHAEL D. CAPELLAS

$303 MillioN coRPoRate

aDMiNistRatioN

Michael D. Capellas, 59, wasChairman & CEO of First DataCorporation (FDC), the world’sleading payment processingcompany, from 2007 to 2010. Hewas on the board of directors ofVCE, the Virtual Computing En-vironment Company, from Jan-uary 2006 to November 2012,serving one year as Chairmanand CEO. The company wasformed by Cisco and EMC withinvestments from VMware andIntel, offering technology prod-ucts and solutions for cloud-based computing.

He is on the board of Cisco, amultinational corporation net-working and communicationstechnology and services com-pany, which Forbes listed 12thamong its Most Valuable Brandsfor 2013. Cisco ranks 80th onForbes’ Global 2000 list of theWorld’s Biggest Public Compa-nies for 2013, with 66,639 em-ployees and a total revenue of$48.6 billion. Capellas was alsosenior advisor for Silver LakePartners, a $13 billion private eq-uity firm focused on makinglarge-scale investments in lead-ing technology companies, fromOctober 2006 to July 2007.

Capellas’ earlier executiveroles include chairman & CEO ofCompaq Computer Corporationbetween 1999 and 2001. Follow-ing Hewlett-Packard’s acquisitionof Compaq, he stayed on as pres-ident of HP for six months toease the integration of the twocompanies. He then left HP tobecome chairman & CEO of MCIWorldCom between 2002 and2006, presiding over the even-tual Verizon-MCI merger. He hadjoined WorldCom, which was inbankruptcy, to help it overcomea massive accounting scandal.

After the transfer to Verizon wascompleted, Capellas received a$40 million severance package.

A 30-year veteran of the ITindustry, he took charge of FirstData shortly after KohlbergKravis Roberts acquired thecredit card giant for $29 billionin April 2007. In 1992, First Dataspun off from American Express.It handles e-commerce process-ing services, including merchantand bank transactions, credit, re-tail and debit card issuing andprocessing. It also providesmoney orders and paper checkprocessing. Forbes ranked FDC31st this past December amongthe country’s largest private com-panies, with its 2012 revenuesat $10.68 billion. Capellas leftFirst Data in 2010

Capellas says he inherited hisgritty determination from his fa-ther, a Greek citizen who foughtwith the Greek Army against theGermans in Italy during WorldWar II. After the war, the elderCapellas met and married hiswife Juliet in Italy. The familythen immigrated to Ohio, whereCapellas’ father worked his wayup from laborer to superinten-dent at the Republic Steel Cor-poration. He worked there for30 years. Capellas developed aninterest in computers as an un-dergraduate at Kent State Uni-versity. Shortly after he gradu-ated, he met his wife, MarieAngelillo, a former nurse. Thetwo married in 1979, and trav-eled the world for two decadesas Capellas’ business reputationgrew. He was a senior vice pres-ident of Oracle Corporation in1997-98. He is credited, in hiswork with Compaq, with makingit Microsoft’s key strategic part-ner for the release of its Win-dows 2000 operating system. InDecember 2006, Capellas was

appointed acting CEO of SerenaSoftware, selected by Silver Lake,which took Serena private inMarch 2006.

Capellas and his wife havetwo daughters. He likes golf androck and roll. He is also activelyinvolved in community and char-itable work. In 2002, he becamethe first recipient of the HopeTechnology Award from the Cen-ter for Missing & Exploited Chil-dren. He is a member of theBoard of Governors of the Boys& Girls Clubs of America. Capel-las previously served as a mem-ber of the American UniversityBoard of Trustees, and is recog-nized as a global thought leaderin the technology industry. Herecently served as co-chair of theCLOUD² Commission, includingspecialists who offered theObama government recommen-dations on cloud computing poli-cies.

www.vce.com

27D. JAMES BIDZOS

$287 MillioN

Mr. Bidzos, 58, is founder ofVeriSign, which operates a di-verse array of network infra-structure, including two of theInternet's thirteen root name-

servers, the authoritative reg-istry for the .com, .net, and.name generic top-level domainsand the .cc and .tv country-codetop-level domains, and the back-end systems for the .jobs, and.edu top-level domains.

Verisign also offers a rangeof security services, includingmanaged DNS, Distributed De-nial of Service (DDoS) mitiga-tion and cyber-threat reporting.Bidzos served as its first CEOfrom 1995 to 2001. In 2010 thecompany’s authentication ser-vices were purchased by Syman-tec for $1.28 billion.

Bidzos returned to the CEOjob in 2011. The following year,he was named Fortune’s 2012Businessperson of the year forreviving Verisign’s income,growth, and stock performance,which previously had flagged.

Born in Greece, he came tothe United States as a boy. Hisfather worked as a barber, andhis mother managed a restau-rant.

A former computer program-mer, he is credited with foresee-ing the need for online securityin the early 1990’s. Mr. Bidzosis an Internet and security in-dustry pioneer whose accom-plishments include building RSASecurity, an Internet identityand access management solu-tion provider, into the earlystandard-bearer for authentica-tion and encryption, andlaunching VeriSign as a spin-offin 1995 to develop the digitalcertificate infrastructure for In-ternet commerce. VeriSign op-erates infrastructure servicesthat enable and protect billionsof interactions every day acrossthe world’s voice, video anddata networks.

The Mountainview, Califor-nia-based VeriSign (now movedto Reston, Virginia) offered a va-riety of Internet and communi-cations-related services in itsglobal affiliate network.VeriSign managed two of theworld’s 13 Internet root servers,a.root-servers.net and j.root-servers.net, considered nationalIT assets by the U.S. Federalgovernment.

Since 2007, the company hasbeen focusing on its core busi-ness and whittling away lessprofitable side efforts. In 2009it sold its security service busi-ness to SecureWorks and its se-curity consulting business toAT&T. Verisign focuses now onits Internet infrastructure ser-vices.

Among the company’s ser-vices are providing .com, .net,.cc, .tv, .name and .jobs domainnames for websites. Mr. Bidzosserved as VeriSign’s first presi-dent and chief executive officer.He also served as chairman ofits board of directors from April1995 until December 2001, andas vice chairman from Decem-ber 2001 to July 2007. Heserved as president and CEO ofRSA Security from 1988 to Feb-ruary 1999, and then served asRSA’s vice chairman from 1999to May 2002.

He has been named one ofTIME magazine’s “Digital 50,”and is in CRN’s “Computer In-dustry Hall of Fame.”

28STRATTON SCLAVOS

$235 MillioN coMPUteRs, cellUlaR

techNology

Stratton Sclavos, 52, is a di-rector at multi-billion-dollarcompany Salesforce.com, whichprovides software to businessesof all sizes and industries world-wide. He served on the boardof directors of Intuit, Inc. from2001 to 2010, as well as thecompany Juniper Networks. Heis general partner at Radar Part-ners LLC, a private investmentfirm and was named, in 2011, apartner and member of the ex-ecutive team of online televisionproduction company ProspectPark’s online ventures.

Sclavos earned his bachelor’sdegree in Electrical & ComputerEngineering from the Universityof California in Davis. From Oc-tober 1993 to June 1995, hewas vice president of worldwidemarketing & sales for TaligentInc., a software developmentcompany that was a joint ven-ture among Apple Computer,IBM and Hewlett-Packard.

He was chairman, president,& chief executive officer ofVeriSign for 12 years before heresigned in May 2007, leading

that company through many ac-quisitions. He joined VeriSign inJuly 1995 as one of its first em-ployees. He helped establishVerisign as a global corporationused by millions of consumersand businesses daily as they in-teract on the world’s voice anddata networks. Sclavos led thecompany through a decade ofrobust growth and technologicalinnovation. His last years withVeriSign were taken up with in-vestigations into the company’sstock option program, but it isnot believed that Sclavos per-sonally benefited from the op-tion grants in question, thoughit did occur under his watch.

Sclavos was born to second-generation Greek American par-ents in San Francisco, Ca. Hestill lives in California with hiswife Jody and their two chil-dren.

His investments include co-owning upscale Dio Dekarestaurant. A lifelong Bay Arearesident, he formed the SclavosFamily Foundation to supportcharitable efforts in children’seducation and medical research.He enjoys playing basketball. Heheld an ownership stake in Sili-con Valley Sports & Entertain-ment (SVSE), the parent com-pany of the San Jose Sharkshockey team, until he sold hisshares to majority owner HassoPlattner in January 2013.

In June 2002, he was hon-ored with the Ernst & YoungNorthern California Entrepre-neur of the Year Award. He wasalso honored with the 2001Morgan Stanley Morgan Lead-ership Award for Global Com-merce; named to Forbes’ Top 50CEO’s list; and served alongside30 technology experts on formerPresident George W. Bush’s Na-tional Security Telecommunica-tions Advisory Committee.



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29MICHAEL G. PSAROS

$230 MillioNiNvestMeNt

Michael Psaros, 46, is a co-founder and managing partnerof private equity fund KPS Capi-tal Partners, LP, and a member ofits investment committee. KPSCapital Partners, LP is the man-ager of KPS Special SituationsFunds, a family of private equityfunds with over $6 billion of as-sets under management. KPStakes controlling stakes in trou-bled companies, brings new cap-ital and ideas and builds con-structive relationships withunions. It specializes in distressedindustrial companies.

Mr. Psaros and the Co-Founders of KPS have success-fully developed and executed aproprietary investment strategythat resulted in the creation ofvibrant and successful enterprisesout of assets or companies thatwere close to shutdown or liqui-dation, suffering from a historyof operating losses, operating inbankruptcy, or in default of oblig-ations to creditors.

The son of George and MaryAnn Psaros and grandson ofGreek immigrants, Psaros grewup in Weirton, W.V., where thelifeblood of the town was thesteel industry, specifically Na-tional Steel. Psaros' father was anelectrical engineer in the mill,and his grandfather worked at aWeirton open hearth furnace inthe days when E.T. Weir ownedthe mill. In 1983, union steel-workers voted to purchase thecompany with the help of invest-ment banker Eugene Keilin, re-naming it Weirton Steel. The buy-out saved the town, and inspiredPsaros to think about how man-agement and labor could worktogether to revitalize the flaggingmanufacturing industry in Amer-ica.

Psaros began his career as aninvestment banker at Bear, Sterns& Co., Inc. During the 1990s, heworked for Keilin, who by thenhad created his own firm with acolleague. When that colleagueleft, Keilin, Psaros, and anotherpartner founded KPS in 2006.

The firm's most recent successis Global Brass and Copper, aSchaumburg, Ill., manufacturerthat KPS acquired in November2007, a month before the onsetof the Great Recession. Investorsin the KPS fund that acquired themetals producer have received$650 million from their invest-ment since 2010.

Psaros graduated from

Georgetown University with aB.S.B.A. degree in finance, andattended Sophia University inTokyo, Japan.

He supports All Saints GreekOrthodox Church in Weirton.Nick Latousakis, parish councilpresident, said Mr. Psaros hascontributed hundreds of thou-sands of dollars to the church inrecent years.

He was married to RobinElissa Goldberg in 1994 at theArchdiocesan Cathedral of theHoly Trinity in New York, N.Y. InApril 2013, Psaros and his wifecreated The Robin and MichaelPsaros Endowed Chair in Busi-ness Administration at George-town University's McDonoughSchool of Business where heserves on the Executive Board ofAdvisors. He lives in Purchase,N.Y., still owns a home in Weir-ton, and has Pittsburgh Steelersseason tickets on the 50-yardline.

30WILLIAM S.

STAVROPOULOS, PH.D$204 MillioN coRPoRate

aDMiNistRatioN

Dr. William S. Stavropoulos,74, former Chairman and CEOof the Dow Chemical Company,is president and founder of mi-nor league baseball team theGreat Lakes Loons. In 2005, hewas inducted into the MidlandCounty Sports Hall of Fame as aProfessional Baseball Visionaryfor work, which includes found-ing the Michigan Baseball Foun-dation.

Stavropoulos was a directorat Tyco International Limitedfrom 2007 to 2012. A major di-versified, multinational company,Tyco is a leading provider of se-curity products and services, fireprotection and detection prod-

ucts and services, valves and con-trols, and other industrial prod-ucts. In May 2007, just twomonths after Stavropoulos be-came a board member, Tycoagreed to pay almost $3 billionto defrauded investors, thelargest such payment ever madeby a single company. He retiredat the end of 2012.

Prior to joining Tyco,Stavropoulos was chairman,president, & CEO of The DowChemical Company, where hiscareer spanned 39 years. His ca-reer with Dow began in Indi-anapolis with pharmaceutical re-search in 1967. While he waswith Dow, he held various posi-tions in research, marketing andgeneral management. He alsoserved in a variety of researchand business positions in phar-maceuticals and diagnostics. Dr.Stavropoulos was named presi-dent of Dow USA in 1990, andwas elected vice president ofDow Chemical Company. He wasthen elected a senior vice presi-dent of Dow in May 1991, andbecame chief operating officer in1993. He served as CEO in 1995-2000 and again in 2002-04, andwas a member of Dow’s boardof directors from July 1990 toMarch 2006 (he was succeededby Andrew Liveris, a Greek Aus-tralian, who is also on this list).

Stavropoulos holds a bachelorof science degree in pharmaceu-tical chemistry from FordhamUniversity and a doctorate inmedicinal chemistry from theUniversity of Washington. He isa director of Teradata Corpora-tion, and on the advisory boardsfor Metalmark Capital LLC and

Maersk Inc. He is a trustee of theFidelity Equity and High IncomeFunds’ Board and is an AdvisoryPartner of Clayton, Dubilier &Rice LLC, a private investmentfirm. Stavropoulos is non-exec-utive chairman of Univar, thelargest chemical distributor inthe U.S.

Stavropoulos is also a pastchairman of the American Chem-istry Council, Society of Chemi-cal Industry, and American Plas-tics Council. He served on theBoard of Trustees at the Ameri-can Enterprise Institute for PublicPolicy Research.

Just a few of his many awardsand honors are AHEPA’s Man ofthe Year (1995), the HellenicAmerican Bankers AssociationMan of the Year (1997), an hon-orary Doctor of Laws Degreefrom Northwood University(1998), the Ellis Island Medal ofHonor (1998) and induction intoJunior Achievement of CentralMichigan’s Business Hall of Fame(2005). “Institutional Investor”magazine named him one ofAmerica’s best CEO’s three times(1998, 2003 and 2004). In 2010,he received the title of Archonof the Ecumenical Patriarchate.Stavropoulos and his wife, Linda,have two children, Bill and An-gela, and six grandchildren.

www.milb.com

31CHRIS & HARRIS

PAPPAS$200 MillioN FooD seRvice

Brothers Christopher J., 64,and Harris Pappas, 66, today leadprivately-owned Pappas Restau-rants, Inc., a company operatingmore than 100 restaurants inseven states. Chris Pappas is thecompany’s CEO. His brother is itspresident.

Pappas Restaurants grew fromtheir father and uncles’ work atPappas Refrigeration. CurrentlyPappas Restaurants has 11brands, including Pappas SeafoodHouses, Pappasito’s Cantinas,Pappadeaux Seafood Kitchens,Pappas Bar-B-Q’s, Pappas Bros.Steakhouses, Pappas Burger, YiaYia Mary’s Pappas Greek Kitchenand the Dot Coffee Shop. Eachcompany has its own specialty,with Yia Yia Mary’s, for instance,specializing in Greek food: fishand mezedes (Greek, with a hintof Texas). Pappas Restaurantsalso has a food catering business.They recently added electric ve-hicle charging at their steak-house.

Since 2001, the two have be-come major shareholders in theonce-ailing, 67-year-old restau-rant chain Luby’s, Inc., which islisted on the NYSE; the com-pany’s market capitalization iscurrently $182 million. Luby’s ac-quired the 200-restaurant chain

Fuddruckers, and three Koo KooRoo California Kitchen eateriesin June 2010 for $63 million.Chris Pappas is president andchief operating officer of Luby’s,which now has 93 Luby’s cafete-rias, 62 Fuddruckers, 20 Cheese-burger in Paradise full servicerestaurants and bars, 1 Koo KooRoo Chicken Bistro, and 1 BobLuby's Seafood Grill restaurant.Harris Pappas was its Chief Op-erating Officer until his retire-ment in 2011.

Chris Pappas serves on theBoard of Directors for the GreaterHouston Partnership and is alsoa member of the Dean's AdvisoryBoard at the Conrad N. HiltonCollege of Hotel and RestaurantManagement at the University ofHouston. He was inducted intothe college’s Hospitality IndustryHall of Honor in 2009. Chris is amember of the Board of Directorsfor the National Restaurant As-sociation, the Texas RestaurantAssociation, and the GreaterHouston Restaurant Associationand is an Advisory Board mem-ber of Amegy Bank. In 2001, hewas inducted into the TexasRestaurant Association Hall ofHonor. He is also a member ofthe Houston Food Bank’s CapitalCampaign Committee and he hasassisted in raising over $50 mil-lion for the organization. Chrisreceived his Bachelor's degree inMechanical Engineering fromThe University of Texas at Austin.He and his wife Maria have beenmarried 30 years and have fivechildren.

A graduate of Texas A&M,Harris Pappas was commissionedas a 2nd Lieutenant in the U.S.Army, serving one year in Thai-land and one year in Vietnam,earning two Bronze Stars andthree Army Commendationmedals. He is also a member ofthe Board of Directors of Ocea-neering International, Inc., a pub-licly held oil and gas operationsfirm, and also served a 10-yearterm on the Board of Trustees ofMemorial Hermann Healthcare

System in Houston. He is an ad-visory director of the Boys andGirls Clubs of Greater Houstonand of Bank-Frost National Hous-ton. He is on Schreiner Univer-sity’s Advisory Board. He is amember of the Texas A&M Foun-dation Development AdvisoryCommittee and serves on the Ed-ucation Development CouncilAdvisory Committee. He has re-ceived awards from both TexasA&M University and the school’sMays College of Business. Harrisis also a member of the WorldPresident’s Organization. He isalso a founder of the HellenicFoundation, which endeavors toraise scholarship money for sem-inary students attending HolyCross Greek Orthodox School ofTheology. An avid boater andfisherman, he and his wife, VickyMarinos Pappas, have six chil-dren and two grandchildren.

The brothers’ grandfather,H.D., arrived in the U.S. in 1897and became a restaurateur. Hissons followed his lead with en-deavors including opening Pap-pas Bar-B-Q. The Pappas Brothersare often help nonprofit groupsand churches renovate theirkitchens. Highly involved in theAnnunciation Cathedral of Hous-ton, both brothers were grantedthe title of Archon of the Ecu-menical Patriarchate in 2008.

www.pappas.com

31ANGELO K.

TSAKOPOULOS $200 MillioN Real estate

Angelo K. Tsakopoulos, 77,was born to a farming family inthe village of Rizes, in Arcadia,Greece. His father, a butcher,struggled to feed five children.

He first came to the UnitedStates in August 1951, sailing


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past the Statue of Liberty on his15th birthday. As a college stu-dent at Sacramento State Uni-versity, he waited tables at nightin the Johnson's Del Pradorestaurant and sold real estateon weekends. He would even-tually leave Sac State a fewcredits shy of graduation towork full time. At 21 years ofage, he had already stockpiledexperiences likely unfathomableto many of his fellow under-graduates: war, deprivation, em-igration and stints as both ashoeshine boy in Chicago and afarmhand in Lodi. And he hadbegun laying the groundworkfor his future, arguably becom-ing the most significant force toshape Sacramento since JohnSutter. He boxed in college. Hisformer boxing teammates saythe elements of his larger-than-life persona were present evenin the days when he was study-ing business, philosophy, andhistory under the Americanizedsurname of Chicos, a name helater dropped to reclaim hisfamily name.

Tsakopoulos has sinceclimbed to prominence throughuncommon business acumenand sheer tenacity. He turns onthe charm with politicians, playshardball with environmentalregulators, and promotes bigideas for the region. In recentyears, he’s offered to donatefarmland he controls in PlacerCounty for a private university,and to help fund its constructionby developing adjacent acreage.He has proposed that the regionopen thousands of acres ofranchland he controls along theSacramento-El Dorado Countyline for development, usingsome of those proceeds to funda new arena for the NBA'sSacramento Kings. He alsogrows wine grapes in BordenRanch and walnuts at an or-chard outside Wheatland.

In late 2010, his family pur-chased Conaway Ranch, a17,244 property of farming andranching land as well as wet-lands and water resources westof Sacramento. The SacramentoBee reported the family alreadyheld 18,000 acres of farmlandand vineyards and 40,000 acresof cattle grazing land in North-ern California.

Tsakopoulos’ older brotherGeorge, who passed away in2009, followed him to Sacra-mento, and also went into realestate. George’s family controlsthousands of acres in the region.Angelo is founder of AKT Devel-opment Corporation, nowheaded by his son, Kyriakos,which controls about 40,000acres of land in the region andneighboring San JoaquinCounty.

He has also carved out aniche for himself as a majorplayer in and fundraiser for theDemocratic Party, and as a stan-dard bearer for Greek politicaland cultural interests in Amer-ica. The developer and his chil-dren have raised and con-tributed millions on national,state and local campaigns and

issues over the past decade. De-mocratic Presidential candidatesaside, a few of the major recipi-ents include former CaliforniaGovernor Gray Davis, U.S. Sen-ator Dianne Feinstein and HouseSpeaker Nancy Pelosi.Tsakopoulos is also dedicated toadvancing the careers of Greek-American politicians, includingformer California state treasurerand once-gubernatorial candi-date Phil Angelides. His daugh-ter, Eleni TsakopoulosKounalakis, is currently U.S.Ambassador to Hungary.Tsakopoulos and his family haveestablished Hellenic Studieschairs at several major Ameri-can universities across the coun-try, Georgetown, Stanford andColumbia among them.

32JENNIFER ANISTON

$150 MillioN eNteRtaiNMeNt

Popularly and affectionatelyknown as “America’s Sweet-heart,” Jennifer Aniston, 45,once lived in Crete and Athensin her childhood as JenniferAnastassakis. The daughter offamous daytime soap opera starJohn Aniston (Days of OurLives), she eclipsed her father’stelevision fame and success withher own role as Rachel Greenon the eternally popular situa-tion comedy, “Friends.” In theshow’s final years (it ran for tenseasons), Aniston and her fivecastmates struck what was thena record deal – $1 million eachper episode – and she still col-lects a sizeable paycheck fromthe now-iconic sitcom’s syndi-cation.

Born in Sherman Oaks, Ca.,Aniston’s family relocated toNew York after their stay inGreece. Her parents divorcedwhen she was 9, and she wasraised by her mother, NancyDow. She began her professionaltraining as a drama student atNew York's School of PerformingArts, aka the "Fame" school. Itwas a division of Fiorello H. La-Guardia High School of Musicand the Arts. She appeared invarious off-Broadway produc-tions, television series and films,until 1994 when “Friends” camealong.

She continues to have suc-cess on the little screen -- mostrecently in Tina Fey’s “30 Rock,”but Aniston’s film career hasbeen somewhat hit-or-miss.Films like “The Switch” (2010)were considered bombs, buthave been more than offset bybox office bonanzas like “TheBreakup” (2006) and “Marley &Me” (2008), which helped es-tablished her as a movie star.

In 2011, she reportedly madeover $20 million selling her Bev-erly Hills home for $35 million:twice the price that she boughtit.

Forbes, which gave a networth for her of $110 million in2007, more recently placed herat #64 on its “Celebrity 100”list, reporting last June that shemade $20 million over the past

year. The actress, who cranksout at least two films a year, hasalso been a producer in recentyears. She divorced from super-star actor Brad Pitt seven yearsago, but remains magazine-cover gold.

In February she received herown Hollywood Walk of FameStar. Some of her awards in-clude the Screen Actors Guild(1996), Emmy (2002), GoldenGlobe (2003) and People’sChoice (four times) Awards, andhas assisted and worked withmany charities like Rain (ananti- sexual assault organiza-tion), St. Jude’s and various can-cer-fighting organizations.

33THEODORE G.SPYROPOULOS

$140 MillioN aUtoMotive PaRts,

PetRoleUM PRoDUcts

Theodore G. Spyropoulosmay be known to most as cur-rent World Council of HellenesAbroad (SAE) USA Region Co-ordinator, but he’s also an ac-complished businessman in theChicago area.

Born and raised in Kalavryta,Greece, at age 14, Spyropouloswent to Athens for his highschool studies. He studied Po-litical Science in Sweden. InSweden, he met his artist wife,Erika Knickman Spyropoulos.

After completing his militaryservice in the Greek navy be-tween 1962 and 1964, he andhis wife immigrated to the U.S.,where his brothers lived. Previ-ously, the family had arrived inthe U.S. in 1888, with his grand-parents Theodore and AglaiaSpyropoulos establishing thesuccessful Maple Leaf chocolatecompany, which was a source ofemployment for many Greek im-migrants over the years.

Within a few years of estab-lishing themselves in their newcountry, Spyropoulos and hiswife founded T.G.S. NationalWholesalers in 1975. The com-pany specializes in wholesalingof automotive parts and its op-erations extend to Europe, theU.S. and the Middle East.

One business led to another.In 1980, the couple launched,T.G.S. Petroleum Co, Inc. In2009, select assets of the com-pany were acquired by WorldFuel Services Corporation, a Mi-ami, Fla.-based internationalsupplier of marine, aviation andland fuel.

In 1985, he was a co-founderof CAM2 International, a motoroil lubricants company pur-chased from Sunoil. CAM2 In-ternational continues to grow,with over $500 million in an-nual sales. The company pro-duces agricultural and industrialchemicals too – all of which aremade at four refineries in theU.S.

Since 1976 he has completeownership of A&T HoldingCompany, which is a real estateholding company. He was pre-viously director of Swiss-basedGTE Engineering, AutomotiveWholesalers of Illinois.

Spyropoulos has been Presi-dent of SAE USA since 2006, in-volved in the reorganization ofSAE’s international organizationto be politically and financiallyindependent from the Greekgovernment and to, as he says.“have a true representation” of10 million Greeks abroad. A mil-lion trees – and the seeds ofmore environmentally-con-scious minds- have been plantedin Greece through the PlantYour Roots in Greece Founda-tion, under Spyropoulos’ lead-ership.

The invasion of Cyprus in

1974 was an issue that first pro-pelled Spyropoulos into cam-paigning for Hellenic issues. Hewas among the founders thatyear and a president of theAmerican Hellenic Institute inWashington, D.C. He also wasthe first president of the Hel-lenic American National Coun-cil, founded in 1991.

He is currently a chairman ofHermes Expo International. Hewas president of the ENOSISFederation of Hellenic AmericanOrganizations of Illinois be-tween 1991-2006.

“Education is the numberone priority on my mind,“ saysSpyropoulos, whose Spyropou-los Scholarship for Hellenic-American Students of Hellasand USA has benefitted over300 people since 1982.

Among his many distinctions,Spyropoulos is most proud ofhis Ellis Island Medal of Honorreceived in 2001, a tribute tohis family’s early roots in Amer-ica. In 2011, Hellenic Public Ra-dio “Cosmos FM” in New Yorkpresented him with the 2011"Phidippides Award," presentedto individuals who contribute tothe dissemination and preserva-tion of Hellenism with distinc-tion on an international level.

He and wife have one daugh-ter, Mariyana, who is an attor-ney and an environmental com-missioner in Cook County.

www.cam2international.com, www.saeusa.org

34ARIANNA

STASSINOPOULOSHUFFINGTON

$115 MillioN New MeDia

Arianna Stassinopoulos Huff-ington, 63, is a nationally syn-dicated columnist, author ofthirteen books, and the co-founder and editor-in-chief ofThe Huffington Post, a popularnews website. The HuffingtonPost, a media phenomenon andopinion-shaper, was born of thebrains and charisma of the in-defatigable Greek Americanwoman who is listed as 56th onForbes’ 2013 list of the World’s100 Most Powerful Women. Sheand her partners sold the site toAmerican Online for a neat$315 million in February 2011.She remains editor-in-chief ofthe new Huffington Post MediaGroup. In 2013, the 8-year-oldsite had reached 250 millioncomments.

Huffington was said to ownsome 14 percent of the site atits sale. According to Huffing-ton, the company has some1,400 paid journalists (includ-ing 800 Patch writers for AOL),yet the heart and soul of the op-eration are still the big namepro bono bloggers like Alan Der-showitz and playwright DavidMamet. Forbes wrote, “The site’ssuccess had been fueled by anarmy of 9,000 free bloggers andhigh-profile contributors.” Thereare today some 20,000 bloggersand 36 million unique visitors amonth. Huffington Posts were

launched in Canada, the U.K..France, Spain, Germany, Japan,and Brazil, as well as a U.S.-based Spanish-language edition.

The Post was born in May2005 and is one of the mostwidely read, linked to, and citedsites on the Internet. The rapidsuccess of The Post catapultedArianna to the Time 100, Timemagazine's list of the world's100 most influential people.

She was born AriannaStassinopoulos in Athens,Greece, the daughter of Kon-stantinos, who was a journalistand management consultant,and Elli Georgiadi. She movedto England at age 16 to attendCambridge University and hasridden a wave of energy, intelli-gence and charisma more or lessstraight through to her triumphwith The Post. The Times ofLondon described her, back in1971, as “glamorous, with lotsof charm. Her clothes are stun-ning.” She graduated with anM.A. in economics from Cam-bridge’s Girton College. At 21,she became president of thefamed debating society, theCambridge Union.

She moved to the UnitedStates in 1980 and was marriedto California oilman MichaelHuffington in 1986. In the late1980s, she wrote several articlesfor National Review and herhusband, a Republican, servedin the U.S. House of Represen-tatives before his career endedwhen he lost a close race for theU.S. Senate in 1994. The coupledivorced in 1997 and by then,she had gained national promi-nence and begun to shift to thepolitical left. She told The Fi-nancial Times that she had “longbeen interested in steering herconservative friends towards so-cial activism and the problemsof worsening inequities in Amer-ican life.” Nonetheless, Ms.Huffington’s first foray into theInternet was a website calledResignation.com, which calledon President Clinton to resign.In 2003, she ran as an indepen-dent candidate for Governor inthe California recall election.

Huffington makes guest ap-pearances on television shows.She serves on several boards ofcommunity service groups, in-cluding A Place Called Home,which works with at-risk chil-dren in South Central Los An-geles. She also serves on theboard of EL PAIS and the Com-mittee to Protect Journalists.She has two daughters.

www.huffingtonpost.com

35CONSTANTINE

IORDANOU110 MillioN iNsURaNce

Constantine “Dino” Ior-danou, 63, is president, CEOand Chairman of the Board ofArch Capital Group, Ltd, aBermuda-based insurance/rein-surance global giant.

The CEO’s journey began inCyprus. He arrived in the U.S.and worked his way through

New York University, earning aB.S. in aerospace engineeringbefore entering the insuranceindustry in a trainee role atAmerican International Group(AIG).

Iordanou told the publicationRisk & Insurance in 1999 that itwas when AIG chairman HankGreenberg noticed him in 1980that he was promoted. In 1987he moved onto Berkshire Hath-away, where he worked up toheading their commercial casu-alty operations. From March1992 through December 2001,Mr. Iordanou served in variouscapacities for Zurich FinancialServices and its affiliates, in-cluding as senior executive vicepresident of group operationsand business development ofZurich Financial Services, pres-ident of Zurich American Spe-cialties Division, chief operatingofficer and chief executive offi-cer of Zurich American and chiefexecutive officer of Zurich NorthAmerica.

He joined Bermuda-basedArch (NASDAQ: ACGL) in De-cember 2001 as its presidentand member of its Board of Di-rectors. In 2003, Iordanou wasappointed president and CEO ofArch Capital Group, Ltd. In No-vember 2008, he was also ap-pointed to the post of Chairmanof the Board.

Rated one of Forbes’ Global2000 Leading Companies in2013, Arch had $5.84 billion incapital at the end of 2013, withstocks valued at about $56 inMarch 2014.

Arch writes insurance andreinsurance on worldwide basisthrough operations in Bermuda,the US Europe and Canada. Itssubsidiaries offer full range ofproperty and casualty insuranceand reinsurance products glob-ally, with a focus on specialtylines of business. Some 34% ofits work is in casualty and pro-fessional liability, about 33% forproperty/energy/marine andaviation. Arch Capital GroupLtd. recently completed acqui-sition of CMG Mortgage Insur-ance Company from CUNA Mu-tual Group and PMI MortgageInsurance Co.

Iordanou, who is based inGlen Head, N.Y., has consider-able stocks in the company andhis compensation for 2012 was$10.4 million.

He is also a director at VeriskAnalytics, Inc. of Jersey City,N.J., the American Insurance As-sociation (AIA) and the Associ-ation of Bermuda Insurers andReinsurers (ABIR).

He is a founding memberand lifetime trustee of the Pan-cyprian Association of America,established in 1975. He also isa founding member of Faith: AnEndowment for Orthodoxy andHellenism. Iordanou has previ-ously served as a trustee of Roo-sevelt University and the Col-lege of Insurance and RiskManagement.

His awards include the EllisIsland Medal of Honor (1999).He is married to Marianne Ior-danou and they have three chil-dren.

www.archcapgroup.com


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36GEORGE PERLEGOS

$100 MillioN electRoNics

George Perlegos, 63, was for22 years chairman & CEO of At-mel Corporation (NYSE: ATML),a global leader in the manufac-turing of microcontrollers andother specialized electronicscomponents in San Jose, Ca.

He was born in Tripoli,Greece. His family came to theUnited States when he was 12years of age. Though he enteredSan Jose State University in-tending to study medicine, thesemiconductor industry at-tracted his attention. He workedin Silicon Valley upon gradua-tion, and then received his PhDin Electrical Engineering atStanford, working at Intel andhelping to found SEEQ Technol-ogy. He is legendary for his workon EEPROM flash memory tech-nology at Intel.

He bootstrapped semicon-ductor company Atmel in 1984with $23,000 of his own money.The company designs, develops,manufactures and sells a rangeof integrated circuits products,including microcontrollers andadvanced logic, mixed-signal,nonvolatile memory and radiofrequency components.

Perlegos was terminated inAugust 2006 after an investiga-tion where the board of direc-tors accused him and his brotherGust (an executive vice presi-dent of the company) of spend-ing $235,000 in company fundson airplane tickets for them-selves and their immediate fam-ilies, although the DelawareChancery Court expressed its“discomfort with the thorough-ness and fairness of the investi-gation and with the decisions.”

Perlegos called a meeting toreplace five of the existing boardmembers, which the board at-tempted to cancel. In March2007, the Delaware ChanceryCourt ruled that the shareholdermeeting must proceed, but thisaction was completed after Per-legos was removed as president.The action resulted in a specialshareholder vote, which failedto generate the necessary 50percent for Perlegos.

In 2011, he reportedly par-ticipated in raising equity foreConais, a wireless modulemanufacturer and solutionscompany launched in 2010 inPatras, Greece and expanded toSan Jose in 2012.

Atmel’s current market valueis $3.54 billion. Despite the con-flicts at Atmel, Perlegos remainsa force in Silicon Valley as asemiconductor consultant. He isamong a host of Greek nameslisted under the company Sili-con Valley Seed Funding Group.Analysts have watched himevolve from a brilliant engineerat Intel into a respected leaderof a billion-dollar public com-pany. Atmel’s IPO (initial publicoffering) increased his networth by millions.

In July 2013, Perlegos gavea lecture/interview with one ofhis former Atmel employees JeffKatz at the Computer HistoryMuseum in Mountain View, Ca.,in which he explained, “I sort ofnow have pretty much retired,and am trying to do all thethings that I didn't do while Iwas working inventing all thesethings. Also, helping my kids. Ihave three kids. One is an engi-neer. The other one is goingthrough medical school, sowe're helping him out. And mydaughter started university andis going to UPenn.”

George is married to AngelikiPerlegos. They are members ofLeadership 100. Perlegos is asupporter of St. Basil Greek Or-thodox Church in Stockton, Ca.

http://svgsfund.com

37ANDREW N. LIVERIS

$87.1 MillioN cheMicals, Plastics,

MaNageMeNt

Australian-born Andrew Liv-eris, 59, is President, Chairmanand Chief Executive Officer ofinternational chemical, materi-als, agroscience and plasticsglobal giant The Dow ChemicalCompany, which is based inMidland, Michigan. He suc-ceeded William Stavropoulos, afriend and mentor (also listedhere) in 2004 and becameChairman of the Board in 2006.

In 2012, Liveris contributedto spearheading The HellenicInitiative (THI), a global, non-profit, secular institution whosevision is to mobilize the Greek

diaspora and philhellene com-munity to invest in the future ofGreece through programs fo-cused on crisis relief, entrepre-neurship, and economic devel-opment. He serves as ExecutiveCommittee Chairman of THI,whose inaugural banquet lastOctober raised $1.9 million dol-lars.

Dow today has $57 billion inannual sales and 52,000 em-ployees worldwide. Though thecompany’s stock has fluctuatedin recent years, it rose 50 per-cent last year.

After a positive showing inthe fourth quarter of 2013, Liv-eris was modestly optimisticabout global economic growth,Forbes reported.

The Board of Directors nom-inated Liveris as a force to di-versify the company. Among hisimportant moves was acquiringspecialty chemical companyRohm and Haas for $16.2 billionin 2008.

He is a firm believer in in-centives for increasing manufac-turing in the US again. He evenwrote, and frequently speaksabout, his 2011 book “Make itin America” on that topic.Among the products that thenew Dow aims to make inAmerica are new products, oftenwith an environmentally-friendly or research-based core,such as solar shingles for homes.

In June 2011, PresidentObama named him co-chair ofan Advanced ManufacturingPartnership, which aims to poolthe efforts of industry, schoolsand the government for innova-tion in fields like informationtechnology, biotechnology, andnanotechnology.

He also aligned himself in2011 with the president and bil-lionaire Warren Buffett in call-ing for higher taxation rates formillionaires like himself.

Liveris has been at Dow for36 years. He first started work-ing in Australia in 1976 in man-ufacturing, engineering, sales,marketing, and business andgeneral management.

Much of this time he workedin Asia, including 14 years inHong Kong.

He has served as generalmanager for Dow in Thailand,and president of all Asia-Pacificoperations. He has been a mem-ber of Dow's Board of Directorssince February 2004, and wasnamed CEO in November 2004.He was elected as Chairman ofthe Board effective April 1,2006.

The Dow CEO/Chairmanwith roots in Kastellorizo,Greece was born in Darwin,Australia. As he told students ina lecture in 2005, his grandfa-ther was a Greek sailor whomade the impromptu decisionto stay in Darwin, after travelingthere on a merchant ship at thestart of the 20th century. An-drew Liveris attended the Uni-versity of Queensland in Bris-bane, graduating with abachelor's degree (first-classhonors) in Chemical Engineer-ing, and was awarded the Uni-versity Medal for that year. In2005, he received an honorarydoctorate in science from theschool.

The Greek-Australian sits onthe board of directors of IBM,and is vice chairman of the Busi-ness Council, and a vice chairof the Business Roundtable. Heserves as president and chair-man of the Board of the Inter-national Council of ChemicalAssociations.

He is a member of the U.S.President's Export Council, theUS-India CEO Forum, the Peter-son Institute for InternationalEconomics, and the AmericanAustralian Association. Heserves on the board of trusteesfor The Herbert H. and GraceA. Dow Foundation, USCIB, andTufts University.

Liveris is a Chartered Engi-neer and a Fellow of The Insti-tute of Chemical Engineers, aswell as a Fellow of the Aus-tralian Academy of Technologi-cal Sciences and Engineering. In2011 alone he received awardsfrom the Committee for Eco-nomic Development, the UnitedStates Council for InternationalBusiness (USCIB) and the YaleChief Executive Leadership In-stitute.

He was appointed InauguralChair of The University ofQueensland in America Founda-tion in 2011.

In 2012, he was presentedwith the distinguished Arch-bishop Iakovos Leadership 100Award for Excellence. Liveris re-sides in Midland, Mich. with hiswife Paula. They have threeadult children.

www.dow.com

38GEORGE J. TSUNIS

$86 MillioN hosPitality/Real estate

George J. Tsunis, 46,founded Chartwell Hotels, LLCin 2006, building on a familytradition of hotel and restaurantownership. The company cur-rently owns and manages eighthotels and has two in develop-ment, including the Marriott,Hampton Inn and Holiday Innbrands –in the states of NewYork, New Hampshire, Pennsyl-vania, and Rhode Island.Chartwell’s Holiday Inn atWilliamsport, Pa. earned a“Newcomer of the Year award”from Holiday Inn in 2007.

Tsunis raised more than$500,000 for President Obama’s2012 re-election campaign. InSeptember 2013, Obama nomi-nated him for ambassador toNorway. He appeared before theSenate Foreign Relations Com-mittee on January 16, after

which the committee voted tosend his nomination to the fullSenate for final approval. Atpress time, that vote had not yetbeen scheduled.

Chartwell Hotel’s chairmanand Chief Executive Officer, Tsu-nis, makes a point of visiting thehotels as often as he can. “Idon’t think there is any substi-tute for going and visiting thehotels as a management tool.”He notes, “Like all Greeks, myfamily started out in the restau-rant business. And it’s all abouthospitality and taking care ofguests. We went from feedingthem as coffee shop owners andrestaurateurs, to now providingovernight accommodations.”

He added, “I’ve taken advan-tage of the downturn in real es-tate to pick up some properties.We are currently developing twohotels and a couple of office andmixed-use buildings, mostly inPennsylvania.”

Tsunis added, “We are pro-viding a lot of the picks andshovels for the Marcellus Shale.”He explained, “it’s the secondlargest natural gas find in thehistory of the world and thereis an incredible need for hotelsand office building and shop-ping centers an apartmentsthroughout the northern tier ofPennsylvania.”

Tsunis and his family buildon the legacy of his father, thelate James Tsunis. James andhis cousin Charles Tsunis beganwith coffee shops, carved out aname for themselves by buildingthe Bonwit Inn on Long Islandin 1971, and eventually investedin hotels and real estate. GeorgeTsunis also oversees his family'sreal estate and restaurant hold-ings, which include shoppingcenters and office buildings inthe Northeast.

After studying at New YorkUniversity, Tsunis was trained asan attorney at St. John's Univer-sity in Queens, N.Y. He was apartner at Long Island law firmRivken Radler LLP, working inreal estate development, zoningand land use.

Tsunis previously also was aSpecial Counsel to the Town ofHuntington, Senator AlfonseD'Amato's appointee on the U.S.Senate committee on Banking,Housing and Urban Affairs, andan attorney for the New YorkCity Council. He has worked oncampaigns including those ofGovernor George Pataki (1994)and Suffolk County ExecutiveRobert Gaffney (1999). His de-cisions on whom to support arebased on what their stances areon the important issues of thecommunity – the EcumenicalPatriarchate, Greece, andCyprus.

Active in both his local com-munity and the Greek OrthodoxChurch, he was the youngestboard of director member ofLong Island’s Dowling College,his region’s American Red Crosschapter, and one of the youngestto receive the title of Archonsof the Ecumenical Patriarchate’sOrder of St. Andrew.

He was named to the Na-tional Council of the Archons.He is also on the Board ofTrustees of Touro Law School.He often actively works behindthe scenes to promote the Hel-lenism and Orthodoxy’s inter-ests in the U.S. and is a foundingmember of the Faith Endow-ment.

The Lycoming United Waypresented him with The DouglasC. Dickey Humanitarian Awardin 2012.

He and his wife, Olga, live inCold Spring Harbor, N.Y. Theyhave three children.

www.chartwellhotels.com

39WILLIAM J.

CATACOSINOS, PH.D$60 MillioN

MiNiNg aND Utilities

Dr. William J. Catacosinos, 82,has operated as a senior partnerand principal of Laurel Hill Cap-ital Partners, a private equity in-vestment firm focusing on thepower utilities industry, since2000. His sons Bill and James arealso partners. The company hasoffices in Jericho, N.Y., Toronto,Ontario and Vancouver, BritishColumbia.

Catacosinos was a director ofInternational Coal Group (ICG)from 2004 to 2011. ICG was aleading coal mining company op-erating in the United States, withmore than 2,220 employees,which was acquired by Arch Coalin a massive $3.4 billion cashpurchase in 2011.

That year, the ICG acquisitionmade big news in the coal busi-ness. ICG was principally en-gaged in the extracting and pro-cessing of steam andmetallurgical coal in Northernand Central Appalachia. ICG pro-duced, processed and sold steamcoal from 13 regional miningcomplexes, which were sup-ported by 13 active undergroundmines, 11 active surface minesand 11 preparation plants locatedthroughout West Virginia, Ken-tucky, Maryland, Virginia, andIllinois.

Before the merger, ICG con-trolled around 318 million tonsof metallurgical quality coal re-serves and around 769 milliontons of steam coal reserves. ICGalso owned the Sago Mine inWest Virginia, where 12 minerswere killed during an explosionin January 2006. Shares at ICGsoared with the news of the deal,which made Arch the secondlargest reserve holder of coal inthe U.S.

The son of immigrants, Cata-cosinos was raised in Upper Man-hattan’s Washington Heights inNew York City. His studies at NewYork University included a mas-ter’s degree in administration anda PhD in economics. From 1953to 1956, Catacosinos served asan officer in the U.S. Navy andfrom 1957 to 1969, he was As-sistant Director at BrookhavenNational Laboratory, Upton, N.Y.He founded and was chairmanand CEO of Applied Digital DataSystems, Inc., a computer manu-facturer as well as pioneeringheart fetal heart monitor com-pany Corometrics Medical Sys-tems, Inc., which was sold to

American Home Products withbig returns. He then went on tofound and serve as Chairman andCEO of Applied Digital Data Sys-tems, Inc. (ADDS), which was ac-quired in 1980 by NCR.

He was also chairman & CEOof Long Island Lighting Co.,which built the controversialShoreham Nuclear Power Plant(never used, though it bore a $6billion price tag) on Long Island,from January 1984 to July 1998,pocketing a $42 million sever-ance package after a controver-sial parting of the ways at thetime.

From 2000 to 2004, Catacosi-nos served as chairman, presi-dent & CEO of TNP EnterprisesInc., the parent of Texas-NewMexico Power in Fort Worth,Texas. He then was CEO until2005, when TNP was acquiredby PNM, yielding double the ini-tial investment.

He has served on the boardsof Atlantic Bank of New York, TheCenter for the Study of the Pres-idency, First National Bank ofLong Island, German AmericanChamber of Commerce, Ketema,Inc., Long Island Association, U.S.Life Corporation, Utilities MutualInsurance Company and Preser-vation Services Inc.

Catacosinos has served as anAdjunct Professor at NYU’s Grad-uate School of Business Admin-istration and has lectured atmany other business schools.

He and his wife, Florence, re-side in Mill Neck, N.Y. A CancerResearch Professorship is namedafter the couple at Stony BrookUniversity.

www.laurelhill.com

40JOHN T. LYKOURETZOS

$49 MillioNiNvestMeNt

John Lykouretzos, 40, is afounder and portfolio manager

the New York-based HopliteCapital Management, a hedgefund firm he launched in 2003.As of the end of 2013, Hoplite’sportfolio value was more than$3.5 billion. Hoplite is a globallong/short equity hedge fundthat invests in public equitiesthroughout the world. The firmmanages funds for manyrenowned foundations, univer-sities, family offices and highnet-worth individuals.

Between 1999 and 2003 hewas an Industrials analyst andfinancial services analyst andportfolio manager at VikingGlobal Investors, LLC. Beforethat, worked as an industrialsanalyst at Tiger ManagementCorporation and a financial an-alyst at Goldman, Sachs & Co.

Lykouretzos graduated fromYale University in 2005 with adouble major in economics andinternational studies. A star de-fensive tackle on its footballteam, he serves on the board ofthe Yale Football Alumni Com-mittee. He was a three-time let-terman who earned honorablemention All-Ivy honors underYale’s Hall of Fame coach CarmCozza. Lykouretzos led the Bull-dogs in sacks two of his threeyears on the varsity. His biggestquarterback takedown came ina seven-tackle outing in TheGame in 1993, when he pulled

down the Harvard signal-calleron the last play of a 33-31 Yalewin on their home turf.

In 2010, he donated a lead-ership gift to renovate the CarmCozza Complex, a state-of-the-art facility at Yale’s Smilow FieldCenter.

"I can't begin to tell you howmuch I love Yale and how grate-ful I am for the fantastic collegecareer I had. I would pinch my-self, almost daily, walkingaround campus," said Lykouret-zos at the complex dedication."The honor I felt as a studentwas surpassed only by the honorof wearing the uniform, running


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out of the tunnel into the bowland playing for Carm."

Some of Lycouretzos’ associ-ates at Hoplite include a 1998lacrosse captain, a 2006 hockeyplayer, and an all-Ivy 2001 run-ning back.

He is Co-Chair of the TigerFoundation, which strives tobreak the cycle of poverty inNew York City. Lykouretzos alsoserves on the board of iMentor.The mission of that organizationis to improve the lives of highschool students from under-served communities through ev-idence-based, technology-en-abled mentoring.

He married Joella Foster atSt. Demetrios Greek OrthodoxChurch in 2001. They live inNew York and have three chil-dren. Joella worked at Hopliteas director of investor relationsand chief operating officer until2008, when the couple wel-comed their third child. Nowserving as Hoplite’s managingdirector and chief administra-tive officer, the busy New Yorkerrounds out her professional andparenting resumes with philan-thropic and advisory roles at in-stitutions such as the AmericanMuseum of Natural History.

41TINA FEY$45 MillioN

televisioN, FilM

One of the highest-paidwomen in television in 2012-13was none other than “Ms. Bossy-pants,” Elizabeth Stamatina“Tina” Fey, 43. Forbes reportedshe earned $10 million in 2013,less than she made in 2010-11,likely due to the ending of hercritically acclaimed comedy “30Rock” in 2013. The publicationlisted her as #79 overall on theCelebrity 100, ranking theworld’s most powerful celebri-ties by various categories, in-cluding pay, press, and socialnetworking. She tops the list oftelevision actresses in mar-ketability.

Her trajectory in show busi-ness was not a given, as shebroke into comedy first as amember of the Chicago impro-visational comedy group TheSecond City before getting herbig break in New York City.

She put her comedic knackand writing to work as a writerfor NBC sketch comedy seriesSaturday Night Live (SNL) from1997 to 2006.

Her wit lifted her to the topof that male-dominated organi-zation, and she became the firstfemale head writer in 1999, aswell as a performer starting in2000 through 2005. At SNL, shegave her own twist on current

events as a co-anchor of theWeekend Update news segment.Life imitated art – and vice-versa– as she created the NBC televi-sion show ‘30 Rock,” which wasinspired by her own SNL expe-rience. Fey also put her stampon American politics with aguest appearance back at SNLdoing a spot-on impersonationof vice presidential candidateSarah Palin in 2008. New Yorkmagazine reported that at SNL,Fey was making $1.5 million peryear, while Forbes indicated thatshe earned $13 million as pro-ducer and head writer for “30Rock” in 2010-2011, includingher book sales. The previousyear, her salary was listed as$7.5 million by the same publi-cation.

Again, Fey’s turn to autobi-ography paid off for her, finan-cially, as her book of autobio-graphical, self-deprecatinganecdotes, Bossypants, sold amillion copies. The New YorkTimes estimated her advance forthat book was at $5 million. In-cluded are tales of her life grow-ing up in Upper Darby, Pa., withplenty of references to both theGreek and German sides withinher (from her mother and Ger-man/Scottish father, respec-tively). She talks in the book tooof feeling very much a minority

in college at University of Vir-ginia, but always completely athome in the world of theaterpeople.

Fey has written or starred infilm comedies including “MeanGirls,” “Baby Mama,” “DateNight,” and “Megamind,” toname a few.

Her television work has paidoff in eight Emmy Awards, twoGolden Globe Awards, two Gra-cie Allen Awards, four ScreenActors Guild Awards and fiveWriters Guild of AmericaAwards.

Since 2007, Forbes, the NewYork Post, Time, People andother media sources agree intheir listings that Fey is one ofthe most influential people to-day.

She is married to composerand producer Jeff Richmondand has two daughters.

42MANUEL N.STAMATAKIS

$40 MillioN iNsURaNce, Real estate

Manuel “Manny” N. Sta-matakis, 65, is Founder, Chair-man and CEO of Valley Forge,Pa.-based Capital ManagementEnterprises (CME), one of thecountry’s leading employee ben-efits consulting company. Promi-nent in Philadelphia civic life,he is noted for his role in nego-tiating both the rescue and re-vitalization of the city’s historicshipyard and the creation ofDrexel University’s College ofMedicine.

When it came to the insur-ance business, he credits his suc-cess to knowing the details ofthe business inside and out andhaving the following rule ofthumb: “Find the smartest peo-ple in that business and spendas much time with them as pos-sible.”

Second-generation GreekStamatakis was raised inCanonsburg, Pa. in what he callsa lower middle class household.Parents Marsha and Nicholashailed from Karpathos andRhodes islands, and he creditshis Yiayia for teaching himabout saving the coins heearned shining shoes at the localcoffeehouse.

A scholarship student andfraternity president, he studiedindustrial engineering at PennState University. After gradua-tion in 1969, however, he wasmore interested in pursuing apart-time job in insurance thanhis engineering work. Togetherwith a partner, he founded hisfirst company, Stamritt, Inc., be-fore launching Stamatakis andAssociates in 1972, a companyhe folded into CME in the1980s. He also created with agroup of colleagues, First Finan-cial Resources in the 1980s, aproducers’ group with 100 of-fices nation-wide.

His insurance work first fo-cused on individual retirementplans, before shifting into exec-utive compensation and estateplanning. In most recentdecades, CME specializes in thelucrative business of group in-surance and benefits consulting.He prides himself on saving cor-porate clients millions of dol-lars.

Stamatakis has been in-volved, since age 26, in real es-tate development projects. Heis currently involved in a casinoplan for Philadelphia.

On the civic side, he has beenextensively involved in variousways in shaping the public lifeand business environment ofPhiladelphia and Pennsylvania.In 1995 Governor Tom Ridge

asked him to chair the Pennsyl-vania IMPACCT Commission,which was charged with findingways to trim government spend-ing in Pennsylvania. The Com-mission identified over $5 bil-lion dollars in potential savings.He chaired the Delaware RiverPort Authority (DRPA) between1996 and 2003. He was pivotalin the effort to restore Philadel-phia as a major shipbuildingcenter, helping to create a part-nership with the Common-wealth of Pennsylvania, the Cityof Philadelphia and the FederalGovernment to build the newestand most modern Commercialshipbuilding facility in theUnited States. He told TNH:“We brought in a world-classshipbuilding company fromNorway to run the Yard andthey are currently undertakingthe construction of the 17th and18th ocean-going commercialship at the Yard, representingmore than 50 percent of all suchships built in the entire UnitedStates since 2000.” He is cur-rently on the boards of AkerPhiladelphia Shipyard and thePhiladelphia Shipyard Develop-ment Corporation (Chairman).

He chaired, for 13 years, theDrexel University College ofMedicine, an institution that hewas involved in helping to cre-ate out of two ailing local med-ical institutions. He remains onthe boards of both Drexel andits College of Medicine. TheManuel Stamatakis EndowmentScholarship for medical studentshas raised $2.5 million forDrexel’s future doctors throughgolf tournaments for students.He is an avid golfer.

He serves on numerousboards, including serving aschairman of the GreaterPhiladelphia Tourism MarketingCorporation, the PhiladelphiaShipyard Development Corpo-ration and the PennsylvaniaSupreme Court Investment Ad-visory Board. He is on the boardof companies including CrowleyChemical Corporation and Mis-tras Group, Inc. to name but afew. He has, since the 1980s,raised “tens of millions,” accord-ing to Stamatakis, for Republi-can campaign fundraising, in-

cluding the Presidential cam-paigns of former New York CityMayor Rudy Giuliani and Presi-dent George W. Bush.

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w w w. c m e - g r o u p . c o m ,www.phi l lysh ipyard .com,www.visitphilly.com

42JAMES N. GIANOPULOS

$40 MillioN Movie iNDUstRy

James N. Gianopulos, akaJim Gianopulos, 61, is Chairmanand CEO of Fox Filmed Enter-tainment, with international hitsunder his watch including themulti-billion-earning films“Avatar” and “Titanic.”

His father arrived in Americain the 1950’s and ran a marineand industrial equipment man-ufacturing business. Born inBrooklyn, N.Y., Gianopouloswent on to study at Boston Uni-versity, New York's FordhamLaw School, and New York Uni-versity School of Law. Beforespecializing in entertainmentlaw, however, he spent a sum-mer working on a tanker andtraveling the world.

He was in the news in 2011fighting for anti-piracy legisla-tion, although his career in theentertainment world began pro-tecting the copyright privilegesof members of the American So-ciety of Composers, Authors &Publishers (ASCAP). He went onto work at RCA/Columbia Pic-tures International Video and infunding/distribution for Para-mount’s international pay TV.

In 1992, he was hired by Foxto run its international TV andworldwide pay TV. He was pres-ident of Twentieth Century FoxInternational from 1994 to2000, before being appointedco-chairman along with TomRothman in 2000. “Gianopulosis a virtual unknown in Holly-wood,” wrote the San FranciscoChronicle at the time. But by2007, Premiere counted themamong the most powerful peo-ple in Hollywood.

Gianopulos was given the ti-tle of Chief Executive Officer in2006 at Fox. In 2009, he andTom Rothman were also ap-pointed to oversee News Corpo-ration’s Los Angeles-based cre-ative production divisions,including the film and televisionstudios.

They manage all film/TVproduction and marketing andglobal distribution through alloutlets and markets, includingall the new high-tech means.

Though recent years and the

spread of streaming and piracyhave seen declines in Hollywoodbox office profits, by 2006 theGianopulos/Rothman team hadoverseen 20 movies that pro-duced more than $100 millioneach domestically, and 26movies that earned $100 millioneach internationally. “The Simp-sons Movie”, the “X-Men” series,“The Devil Wears Prada,” the“Star Wars” Trilogy, the “IceAge” series; and Fox SearchlightPictures’ more “arthouse” suc-cesses like “Slumdog Million-aire” and “Sideways” wereamong the successes. DirectorJames Cameron's “Avatar” costthe studio $380 million, butearned $2.7 billion worldwide.Gianopulos took the helm aloneafter Rothman was ousted byFox in 2012.

Gianopoulos, referring withpride to a “Greek Mafia” in Hol-lywood, makes sure that all ofHellenic Hollywood’s starsgather at his annual Easterparty.

He is a Governor of the Acad-emy of Motion Picture Arts &Sciences, a member of theBoard of the Motion Picture &Television Fund, and a trusteeof the American Film Institute.

Gianopoulos also serves onthe National Entertainment Ad-visory Council for the Anti-

Defamation League and TheBrady Center.

He is on the X-FoundationBoard of Trustees. He also hasserved on Honorary Committeesfor The Fulfillment Fund, TheCity of Hope and the MultipleSclerosis Society for which hewas the 2001 honoree, The HelpGroup, which honored him withits Humanitarian Award in2005, the Alliance for Lupus Re-search and others. He has beena member and supporter of theArmy Archerd Fund's Board andon the Advisory Council of theRett Syndrome Research Trust.He received a Gabby Award in2011.

He resides in Los Angeleswith his wife, Ann, and theirthree daughters: Mimi, an up-and-coming actress, Alexa, andNiki.

www.foxmovies.com


(Editor’s note: The followingaddress was delivered by LibraGroup CEO George Logothetis atthe inaugural banquet for TheHellenic Initiative in October2013 in New York City.)

Mr. Prime Minister, distin-guished guests, ladies and gen-tlemen, good evening to you all.

Here we are gathered today,a powerful symbol of the Greekdiaspora, where philotimo bindsus all together like an invisiblebond. The Greek diaspora hasconstantly appeared to do theimpossible and achieve the im-probable: thriving from makingsomething out of nothing, flour-ishing globally. For us all being

here tonight, we should beproud.

Now we are very blessed tolive in the United States, a coun-try where the oxygen of possi-bility is breathed into us all.However, for those to whommuch opportunity has beengiven or granted, along with itcomes responsibility. And as am-bassadors of our culture, wehave a duty to fight together for

the solution, and not surrenderto the temptation of cynicism.

Today, Greece is a global un-derdog, something that much ofthe diaspora relates to. An eco-nomic David to the Goliath ofnegative expectations. But thereis an opportunity in being Davidsometimes. We have the possi-bility to reinvent ourselves, toprove people wrong, to emergestronger and of course to reaf-firm our collective culture. Andof course let’s not forget: Davidbeat Goliath. So how can weconvert negative into positive,hopelessness into hopefulness?Change the perceptions, whichcan then result in an accompa-nying change of reality?

It is just terrible to think thatthe majority of Greek youth to-day live more off their memoriesof yesterday than of their hopesfor tomorrow. Yet, positive ac-tions can have an intoxicatingeffect to those deprived of hope.So instead of the Greek crisis,let’s talk about the Greek come-back.

There is a deep well of latenttalent, repressed ambition, and

hungry human capital waiting,actually yearning to be given achance. There are opportunitiesaplenty, if enacted with wisdom,belief, and patience. We are ex-panding our business in Greecevery dramatically, and I encour-age you all to do the same thing.It is not easy, but nothing of truevalue ever is.

Furthermore, the marriage ofpatriotism and opportunity is apowerful and motivating one.To do what you believe in, andbelieve what you invest in. Forthe crisis will end, ladies andgentlemen. Have no doubtabout that. It will end. For nocrisis is perpetual. And when itdoes, history will look back anddifferentiate very clearly be-tween those who contributedand those who did not. Between

those who helped and thosewho did not. Which is why gath-erings such as the ones we areat today are so important, be-cause they remind us we needto be on the positive side, thatwhich effects positive change,and does so in a resolute anddetermined manner.

Those of means can help. Butmore importantly, those ofmeans should help. The moreone has, the stronger the accom-panying duty to give back. Isthat not an ancient Greek ideal?Is that not running through theDNA of all Hellenes? The joysof giving beat the dangers oftaking.

So let me tell you a little bitabout the EntrepreneurshipAward. Five million euros of in-terest-free funding and mentor-

ship from Libra has been com-mitted to promising Greek en-trepreneurs. Ten finalists wereselected from 300 businessplans, and four winners wereannounced a few months ago inAthens. And they are here withus tonight. Would the HEA win-ners please stand up?

Now the human spirit, theGreek spirit will fight until theend of days for a better tomor-row, provided there is hope.Thermopylae, Marathon,Plateia, 1821, 1940 – hope isthe oxygen of humanity. Andwhen times are tough, programslike the Entrepreneurship Awardgenerate it. This then self-per-petuates and gives people theconfidence to go on.

And there is more to comefrom The Hellenic Initiative. The

Hellenic Center for Entrepre-neurship is a new college-ledprogram designed to fostermore successful entrepreneursin building the core skills criticalto creating sustainable busi-nesses. As the volume of chaoshas been turned up in so manyneighboring countries, Greece isnow on the path of stability.

Now, any difficult time willalways accentuate social andpolitical extremes. But social un-rest has subsided, and as wehave seen this week, extremismborn out of disaffection hasbeen restrained decisively,courageously. Bravo.

This improvement didn’thappen by accident. It happenedthrough leadership. It happenedthrough believing the impossi-ble is doable, and then doing it.

George Logothetis Speaks of Hope

The Hellenic Entrepreneurship Award granted 5 million euros in start-up funding to four Greek businesses.

Libra Group CEO George Logothetis.

By Dan Alexander

Aster Data founder Tasso Ar-gyros remembers when his fa-ther headed to the United Statesto teach for a semester in 1988,leaving him and the rest of hisfamily behind in Greece. His fa-ther promised he would bringback a souvenir for him. Argy-ros, who was seven years old atthe time, wanted an especiallyAmerican toy—an Apple (AAPL+0.37%) computer.

“He brought me this veryearly Apple computer, and fromthat point, I just got addicted,”Argyros said. “I was spending asmuch time with the computeras my parents would let me.”

Twenty-five years later, Ar-gyros is a Silicon Valley million-aire after selling his big-datastartup, Aster Data, to databasegiant Teradata in 2011 for a$300 million valuation. He isnow senior vice president ofglobal product deployment andstrategy for big data at Teradata(TDC +2.24%) – a databasecompany with $2.7 billion inrevenue last year. Forbes hasnamed Argyros one of 11NextGen Innovators.

The Apple computer sou-venir was the first step towarda success story that merges twovery American narratives. Argy-ros, along with Aster Data co-founder Mayank Bawa—alsonamed one of Forbes’ NextGenInnovators – are both immi-grants who came from overseasand found fortunes in theUnited States. In some ways,they are rare embodiments ofthe age-old American Dream.

But their stories add a newtwist. As American technologyproducts have spread world-wide, their consumers have be-come their students, meaningthe tech innovators are comingfrom around the globe. Argyrosand Bawa, from Greece and In-dia, made their millions in Sili-con Valley, building a massivetechnology company while theywere still students. Think An-drew Carnegie mixed with MarkZuckerberg – albeit on a muchsmaller scale.

Their business is reshapinghow companies catch fraud-sters, banks handle customerservice, and doctors make deci-sions.

Businesses can use Teradatato identify small, previously un-detectable traces of fraud spreadacross thousands of accountsthat add up to a material loss.If a fraudster is taking $2 from100,000 accounts, a giant com-pany might not notice the loss.But by using Teradata’s patternrecognition, they can identifythe pattern and stop the fraud.That’s exactly what one onlinegaming company in Europe did.

“In the first 20 days, we wereable to save them somethinglike $20, $30 million,” Bawasaid. “These are like parasites,and you’ve got to have a systemthat can find where these para-sites are and start blockingthem.”

Hospitals are also using Ter-adata products to analyze ad-mittance data and determinewhich decisions by doctors leadto people being readmitted tothe hospital shortly after theywere released.

Bawa and Argyros met asPh.D. students at Stanford Uni-versity. Both started their ownacademic research, not imagin-ing what they discovered wouldone day be a business ideaworth hundreds of millions.Bawa developed complex algo-rithms that could process mas-sive amounts of data, and Argy-ros researched ways to spreadthe work of processing overhundreds of small computersrather than one supercomputer.They combined their work andsolved a problem for businessesacross a range of industries.With their product, even com-panies that did not have accessto supercomputers could ana-lyze previously unimaginableamounts of data.

They also got help from aStanford and Silicon Valley leg-end. “I stumbled across a pro-fessor named David Cheriton,who had almost a seductive per-sonality,” Argyros said. “His the-sis was that most academic re-search was nonsense and thatwe needed to focus on thingsthat were going to make a realimpact.”

Cheriton was a master ofidentifying transformative pro-jects. He had written a $100,000initial check to two of his stu-dents who were founding a techcompany in the late 90s. That

company was Google, and thatcheck is now worth over $1 bil-lion in the tech giant’s stock.Thanks to other early invest-

ments in compa-nies like VMwareand Arista Net-works, Cheritonis worth an esti-mated $1.7 bil-lion today.

Cheriton, an-other professorand Silicon Val-ley angel investorRon Conway bet$1.25 million onBawa and Argy-ros’ startup AsterData in 2005,when companyheadquar te r swere Argyros’ on-campus apart-ment.

T h r o u g hConway’s vastnetwork – hehad made earlyinvestments in

Google, Facebookand Twitter – Argy-ros and Bawa got

introductions to leading techcompanies, including MySpace,then one of the internet’s topsocial networking sites. My-

Space agreed to sign up as AsterData’s first customer for nearly$10 million in 2006. With onlythree employees and a few keyStanford connections, AsterData was off and running. AsterData was a big data companybefore the term “big data” ex-isted. Argyros and Bawa strug-gled to explain their technologyto customers who were only fa-miliar with old school databasesthat housed mostly financial in-formation but nothing else.

“If someone called us a data-base, there would be discipline,”Argyros said. “We were some-thing new.”

The new company expandedquickly. The first five membersof the company were all immi-grants – from Greece, India, Ro-mania, Canada and Brazil – whohad all come to Silicon Valleyto be a part of the tech boom.

“What an eclectic mix ofcountries,” Bawa said. “I re-member thinking this can onlyhappen in the Bay Area. Itbrought a lot of perspective tothe experience.”

Aster Data had 20 people by2006 and over 100 by 2010,

when the market for big datatook off.

As soon as it did, the heavyhitters in technology jumpedinto get a piece of the action.HP, IBM and Microsoft startedtheir own big data arms, andAster Data feared it would getbullied out of the market.

“They started going at it froma marketing perspective,” Argy-ros said. “We were like, do wewant to fight this game andhave a 10 to 1 handicap essen-tially. Or did we want to sign onwith a company who couldsell?”

Enter database giant Tera-data.

Teradata bought 11% ofAster Data in 2010 for $30 mil-lion and added the other 89%the following year for $267 mil-lion more. Teradata named itsline of big data analytics prod-ucts “Aster” and brought Bawain to head the Teradata Asterresearch and development labs.Argyros signed on to lead bigdata deployment and strategyfor the corporation.

The move has paid off forTeradata. Revenues slipped in2009, but have increased 56%since 2010, when the companyfirst acquired a stake in AsterData. Profits have increased72% over the same period.

Now Bawa says there are un-tapped industries that big datacan revolutionize, like oil andgas. But his next big project isto make big data accessible tomore people – not just analystsbut everyone in a company.

“The next leaps are going tocome when we put the tools ofbig data in the enterprise handsand when we open up analysisto more than just statistics,” hesaid. “When these two thingshappen, there will be a secondwave of big data.”

And that wave will havebroader reach. Argyros says fur-ther expansion into Europe andAsia are on the horizon. Twenty-five years after his fatherbrought him an early Applecomputer from the UnitedStates, Argyros is taking anotherAmerican product – big data an-alytics –to places like India andGreece.

Source: Forbes.com


An American Dream Story, With A Silicon Valley Twist

VentureGarden fills a uniqueneed in the entrepreneurialcommunity.”

The THI Export Acceleratoris an effort to help Greek foodbrands expand distribution inthe US. Its goal will be to intro-duce high-performing Greekbrands to potential customers inthe U.S. market, with the aimof increasing sales, production,and job creation in Greece.

“We have developed an um-brella brand and are seekingmeetings with leading US retail-ers,” Presler said.

In economic development ef-forts, THI is committing $15million to Hellenic InvestmentFund, a standalone fund thatwill invest growth equity intosmall and mid-sized businesses.

Fellowship for a New Econ-omy will select 25 high potentialGreek professionals to partici-pate in a year-long placementin a leading U.S. business suchas Coke, Dow, IBM, Pabst, Host-ess. Dow’s CEO is THI ExecutiveCommittee Chairman AndrewLiveris.

Regeneration is an internshipprogram that will place talentedGreek youth into year-long in-ternships at leading Greek com-panies and multinational com-panies based in Greece Preslersaid he expects this program tolaunch this summer.

The HellenicInitiativeInvests in Greece

43RITA WILSON

$20 MillioNeNteRtaiNMeNt

Rita Wilson, 57, is an Ameri-can film and stage actress, pro-ducer – and most recently,singer too. She is wife of super-star actor and producer TomHanks. Born Margarita Ibrahi-moff in Los Angeles, Ca. her fa-ther was a Pomak, or BulgarianMuslim, born in Greece. Beforeemigrating to the U.S., he hadlived in Bulgaria and Turkey;her mother was born and raisedin a Greek village on the Alban-ian border. Her family changedtheir surname to Wilson, whichwas the name of a local streetin Southern California.

As co-executive producer,Wilson is often credited with be-ing the driving force behind NiaVardalos’ smash-hit movie, “MyBig Fat Greek Wedding,” whichbecame the highest-grossing in-dependent film of all time. Wil-son has had recurring roles invarious television series, and hasappeared in several movies, in-cluding “Midnight Caller,” “Vol-unteers,” “Bonfire of the Vani-ties,” “Sleepless in Seattle,”“That Thing You Do,” and “Run-away Bride.” She also playedSusan Borman, wife of astro-naut Frank Borman, in the HBOminiseries “From the Earth tothe Moon,” and performed therole of Roxie Hart in the Broad-way revival of “Chicago” fromJune to August of 2006. Re-cently she appeared in the tele-vision series “The Good Wife.”

She has contributed to theMoffitt Cancer Center by donat-ing “True Hearts” jewelry, madeof sterling silver and 14-caratgold. The proceeds went to thebenefit of several charities. Sheand her husband are membersof the Greek Orthodox Churchin Los Angeles. She has beenmarried to Hanks since April1988, and has two children. Fac-toring in her husband’s fortune,estimated to be $350 million,the couple’s net worth ap-proaches $400 million.“Mamma Mia!”, the musicalproduced by the couple in 2008,made $600 million worldwide.

Wilson is the editor of theHuffington Post’ Huff/Post50site for Baby Boomers.


An early Apple computer

Tasso Argyros

www.thenationalherald.com

Get informed


By Len Boselovic

Michael Psaros and KPS Cap-ital Partners, the private equityfund he co-founded, have madeplenty of investors happy by re-juvenating troubled U.S. manu-facturers with the help ofunions.

The firm's most recent suc-cess is Global Brass and Copper,a Schaumburg, Ill., manufac-turer that KPS acquired in No-vember 2007, a month beforethe onset of the Great Recession.Investors in the KPS fund thatacquired the metals producerhave received $650 million fromtheir investment since 2010.

The roots of KPS's successrun back to September 1983when Mr. Psaros, the grandsonof Greek immigrants, and hisfamily huddled in the kitchen oftheir Weirton, West Virginia,home, glued to the radio.

They were waiting to hearwhether Weirton Steel workershad agreed to purchase thecompany from its owner, Na-tional Steel. Mr. Psaros' fatherwas an electrical engineer in themill, and his grandfatherworked at a Weirton openhearth furnace in the days whenE.T. Weir owned the mill.

"It's something I'll never for-get for the rest of my life," saidMr. Psaros, who was a junior inhigh school at the time.

"We were listening to WEIR... and we were waiting to hearwhat the union vote would be."

Workers backed the deal,which was engineered byLazard Freres investmentbanker Eugene Keilin.

Mr. Psaros, 46, says the em-ployee buyout inspired him topursue a career based on thebold premise of the Weirton ex-periment.

"In most situations, capitaland labor are anathema to oneanother. We see the power incapital and labor working to-gether with one another," Mr.Psaros said.

Today, Weirton Steel is abankruptcy survivor, a shell ofits former self that's operated bynew owners.

But the mill is a persistentsubplot in the story of Mr.Psaros and KPS.

When Weirton Steel soldshares to the public in 1989, Mr.Psaros, a young trainee at BearStearns, was "the junior gopheron the deal team," he said.

A year or so later, after Mr.Keilin joined another Lazard col-league, Ron Bloom, to form aNew York investment bank, Mr.Psaros applied for a job at Keilin& Bloom.

" 'You saved my hometown.

I'd like to work with you,' " herecalls telling Mr. Keilin.

The firm advised the UnitedSteelworkers and other unionsthat represented workers at dis-tressed companies.

"They were using what I

would call the high roadform of investment," saysUSW president Leo Ger-ard.

After Mr. Bloom left tobecome a USW adviser,Mr. Keilin, Mr. Psaros anda colleague, DavidShapiro, established KPS.

The firm managesmore than $6 billion inassets. KPS takes control-ling stakes in troubledcompanies, brings new

capital and ideas and buildsconstructive relationships withunions.

It specializes in distressed in-dustrial companies.

"What they do is not easy.They save a lot of companies.

They save a lot of jobs. They areremarkable at it," said EdwardJ. Grefenstette, president andchief investment officer of theDietrich Foundation.

The Pittsburgh foundation isa KPS investor. "Our only regretis that we didn't give them moremoney," said Mr. Grefenstette,who met Mr. Psaros when theyattended Georgetown Univer-sity.

He believes his former class-mate's hard work and integrityhelp make KPS successful de-spite the daunting challengesthe firm embraces.

"I'm not using the word 'in-tegrity' lightly because withoutit, you can't work with the labororganizations that they work

with," he said. "Mike is a guy who knows

what hard work means. Heknows what doing a deal on ahandshake means."

Mr. Gerard says Mr. Psaros,like Mr. Bloom, has a passionfor manufacturing.

"Ron comes at it more froman economic point of view ...and Mike comes to it from livingand growing up in Weirton," hesays. "Michael is a smart guy."

Some of those smarts, Mr.Gerard jokes, were developedworking with the USW.

"We had to teach both Psarosand Shapiro how to actually doreal negotiations. They learnedthat through the union," Mr.Gerard said.

The CEO who oversaw therevitalization of Global Brasswas John H. Walker, formerpresident and COO of WeirtonSteel.

After KPS acquired the busi-ness from Olin, the company ne-gotiated a 66-month laboragreement with eight unionsthat did not include pension orretiree health care obligations.

The salaried workforce wascut by about 20 percent, prod-uct offerings were rationalizedto focus on higher margin andhigher growth markets, and in-ventories were trimmed by 43percent.

The transformation madeGlobal Brass bankable. KPS tookthe company public last Septem-ber.

The fund sold its last910,000 shares Feb. 3.

Although Mr. Psaros lives inPurchase, N.Y., he says he stillowns a home in Weirton andhas Steelers season tickets onthe 50-yard line.

He supports All Saints GreekOrthodox Church in Weirton.

Nick Latousakis, parish coun-cil president, said Mr. Psaros hascontributed hundreds of thou-sands of dollars to the churchin recent years.

"His heart's still in Weirton,"he said.

Mr. Psaros' friends say someof that loyalty can be attributedto his commitment to churchand family. The rest can betraced to that day in 1983 whenWeirton Steel's workers decidedto buy their company.

Source: Pittsburgh Post-Gazette(post-gazette.com), Feb. 16,2014

Heard Off the Street: Psaros based his career on a bold experiment

ABOVE: Michael Psaros speaks at the Wuhan, Chinaopening of a plant for Chassis Brakes International, oneof KPS Capital Partners’ active investments. LEFT: AllSaints Greek Orthodox Church in Weirton, W.Va., towhich Psaros has contributed hundreds of thousands inrecent years.

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