Tag Archives: Marc Lasry

Milwaukee Bucks’ Owner Supports Players’ Boycott

The Milwaukee Bucks shocked the NBA today, with one of the strongest social justice statements in sports history.

And one of their owners — a Westporter — stands 100% behind them.

The players stayed in their locker room, boycotting Game 5 of their playoff series against the Orlando Magic. They also called for action by the Wisconsin legislature, in the wake of Sunday’s shooting of Jacob Blake in the back by Kenosha police.

The Bucks’ decision instantly transformed the playoffs. The Houston Rockets and Oklahoma City Thunder agreed to boycott their games. The WNBA followed by postponing contests.

The action spread to Major League Baseball, when the Milwaukee Brewers and Cincinnati Reds decided not to play.

Marc Lasry

Marc Lasry — a billionaire businessman, hedge fund manager (and Westport resident) — is one of the Bucks’ owners.

He and his fellow owners said tonight:

We fully support our players and the decision they made. Although we did not know beforehand, we would have wholeheartedly agreed with them.

The only way to bring out change is to shine a light on the racial injustices that are happening in front of us. Our players have done that and we will continue to stand alongside them and demand accountability and change.

The Bucks’ action — and their owners’ strong support of their players — will reverberate through the sports and political worlds for years to come.

Roundup: Governor Lamont, Marc Lasry Speak; Musicians Play; Helicopter Flies; More


Phase 2 of Connecticut’s reopening begins next Wednesday (June 17). It’s a big day for Governor Ned Lamont. And at 9 a.m., he shares it with the Westport Weston Chamber of Commerce.

He’s the special guest and speaker for their virtual “Morning Network” meeting. The event is free — and open to all.

Lamont will give an update on the pandemic, discuss the next phase in reopening, offer his views on the future, and answer questions. They may be submitted ahead of time by email, or through the chat function during the event.

Pre-registration is required; click here.

Governor Ned Lamont


Also virtual — and also featuring big names — is the Westport Library’s next Trefz Newsmakers series.

CBS News justice and homeland security correspondent (and 1988 Staples High School graduate) Jeff Pegues interviews billionaire businessman, hedge fund manager, major Democratic Party donor, Milwaukee Bucks co-owner (and Westport resident) Marc Lasry.

They’ll talk about Lasry’s career, how he gives back, his advice for entrepreneurs, and COVID-19’s effect on business and the sports world.

To register, click here.


Driving around Westport and Weston, Aarti Khosla has been touched by the many yard signs and balloons congratulating high school and middle school graduates. She’s been impressed by the banners on Main Street, not far from Le Rouge — her “aartisan” chocolate shop.

But as she thought about all that’s going on America today, she was inspired to act on the words that she fervently believes in: “Spread love.” And what better place to spread love than nearby Bridgeport?

She called the superintendent of schools, and offered to celebrate their graduates with “Give a Little Love” hearts. Here’s her message to “06880” readers:

“Next week, 1115 Bridgeport students will graduate from high school. This is an enormous accomplishment. We recognize the obstacles they overcame to achieve success.

“Le Rouge asks for your support in celebrating these graduates. We will make chocolate hearts to celebrate every Bridgeport high school senior. If each Westport graduating senior — or a relative or friend, or perfect stranger — agrees to celebrate 3 Bridgeport students with a $25 sponsorship, we can give our love to the entire community via chocolate hearts.

“We have until next Monday to make this a reality. Click here to help.”

Aarti Khosla’s wonderful chocolates

 


Some youngsters returned to their elementary schools for the first time since March today. It was also their last time at “their” school.

“Moving up” car parades were held for 5th graders around town. This was the scene captured by Kings Highway Elementary School parent Tricia Lau-Lewis.

All 5 kids went to KHS. The youngest will be in 5th grade there next year.

Meanwhile, after the Saugatuck El parade, Carolyn Doan’s family headed to Sunny Daes. They met some Greens Farms Elementary folks there (below).

(Photo/Carolyn Doan)


MoCA Westport shut down in mid-March. But their beautiful Steinway grand piano did not sit idle.

As part of their pandemic programming, they invited accomplished local pianists to perform. They filmed them, and shared the virtual concerts free on their YouTube page.

Pianists are invited to play music of their choice. Some — like Chris Coogan — are inspired by MoCA’s current Helmut Lang exhibition. He wrote and performed an original piece.

This week’s performance features two Staples students. Patrick Looby and Lucas Lieberman are rising seniors. They played together in November, at Carnegie Hall.

For MoCA they play Aram Khachaturian’s  lively waltz “Masquerade.” Enjoy!


More music news! Drew Angus — the 2007 Staples High School grad profiled recently on “06880” as an example of a gig worker navigating his way through the coronavirus crisis — performs via Zoom this Friday (June 12, 12 noon).

It’s a Westport Senior Center production — but it’s open to everyone who wants to hear the work of this talented young singer/songwriter.

Click here for the Zoom link (meeting ID: 883 1489 6846; password: 2DHJSV). It’s also available on Facebook (click here, or search for Toquet Hall).


Here’s a sight you don’t see every day: Yesterday, a helicopter apparently headed for a landing at Old Mill Beach or Sherwood Island State Park.

If you know the back story, click “Comment” below.


And finally … this is a poignant song at any time. Particularly at graduation. And really particularly this year.

Here’s to the Class of 2020. You haven’t seen each other for a while. But you’ve come a long way from where you began. I hope you see each other for a long time, soon.

Lisa Brummel Storms To WNBA Title

The Seattle Storm — one of the classiest Women’s National Basketball Association franchises, on the court and off — just won its 3rd championship in 17 years. The team topped the Washington Mystics, 4 games to 1.

Congratulations to Lisa Brummel! The Storm’s co-owner is a big name in the Pacific Northwest — and in Westport.

Lisa’s story is legendary. The daughter of former Westport superintendent of school Ken Brummel, she was the first Staples High School basketball player to score 1,000 points.

The 1977 graduate also starred in softball, track and field hockey, earning All- FCIAC or All-State in all 4 sports.

She continued her success at Yale University, starring in 4 sports (adding volleyball to the list).

Lisa Brummel

Lisa was a 4-year All-Ivy basketball playing, adding Ivy League MVP when the Elis won the title in 1979. She was an Academic All-American 1981.

In addition, she earned Yale’s George H.W. Bush Lifetime of Leadership Award.

She also played three seasons as a catcher with the Raybestos Brakettes (1976-78), winning national titles each year. Lisa was elected to the Connecticut Women’s Basketball Hall of Fame in 2013.

For 3 years — beginning in high school — she was a catcher for the Raybestos Brakettes. All they did was win ASA national and WSA world championships.

In 1989 Lisa joined Microsoft. She retired in 2014, as Chief People Officer. EWeek named her 1 of the 25 Most Influential People there.

Brummel’s team’s title is a great one. Now let’s see what Westport’s other pro basketball co-owner — Marc Lasry of the Milwaukee Bucks — can do this year.

(Hat tip: Andre Lambros)

Glamping: The Sequel

You know that big wedding last weekend on Beachside Avenue?

The one that featured white tents on Harvey Weinstein’s property, for glampers — “glamour campers” — to shelter on Friday and Saturday night, roughing it with only wooden floors and queen beds?

The one where fireworks lit up the sky after the ceremony, and a ton of security (uniformed cops, plainclothes and more) patrolled the area?

Turns out it was pretty, um, glamorous.

Zach Lasry — son of billionaire hedge fund owner/Milwaukee Bucks co-owner/Beachside Avenue resident Marc Lasry — married Arianna Lyons. They work together in film production.

Among the guests: former President Bill Clinton, and former Senator/Secretary of State/presidential candidate Hillary Clinton.

President Bill Clinton at the Beachside Avenue wedding…

… and Hillary Clinton. (Photos courtesy of Instagram)

No word on whether they glamped, or decamped after the festivities to Chappaqua.

(Hat tip: WestportNow)

Marc Lasry Is With Her

Marc Lasry — the billionaire hedge fund manager/Milwaukee Bucks co-owner — is a noted Hillary Clinton fan. Just 3 months ago, the prodigious fundraiser opened his Beachside Avenue home for an event featuring the Democratic presidential candidate’s husband, a guy named Bill.

Last night, Lasry talked up Clinton’s candidacy with PBS interviewer Charlie Rose.

Alert “06880” reader JP Vellotti watched his fellow Westporter with interest.

But one subject did not come up.

“I wonder what Lasry thinks of her line promising to make the ultra-rich pay their fair share of taxes,” Vellotti says.

Mark Lasry and Charlie Rose talk about Hillary Clinton. (Screenshot/JP Vellotti)

Mark Lasry and Charlie Rose talk about Hillary Clinton. (Screenshot/JP Vellotti)

 

Talking Big Bucks And Milwaukee Bucks With Marc Lasry

There’s no such thing as a free lunch.

But this Sunday at the Westport Library, you can hear — for free — a wide-ranging talk by probably the wealthiest man in a town filled with money.

Marc Lasry. (Photo/Avenue Capital Group)

Marc Lasry. (Photo/Avenue Capital Group)

On August 3 (2 p.m., McManus Room), hedge fund titan Marc Lasry — whose $1.7 billion fortune lands him at #1047 on Forbes’ list of the world’s billionaires — talks about the US and global economy, and the current investment climate.

Lasry — CEO and co-founder of Avenue Capital Group —  will address why good investments are getting harder to find, regions and industries where his firm is finding them, and how they find them.

And — because there is more to life than hedge funds — Lasry will also discuss his recent purchase of the Milwaukee Bucks NBA team, and his hiring of Jason Kidd as coach. Plus Lasry’s interest in politics, philanthropy and comic books.

This being Westport, Lasry will be introduced by fellow resident Arthur Levitt. He’s only the former chairman of the Securities and Exchange Commission.

The Bucks Don’t Stop Here

This is New York Knicks territory. But in one house on Beachside Avenue, Milwaukee Bucks jerseys may soon be in vogue.

Hedge fund titan Marc Lasry — whose $1.7 billion fortune lands him at #1047 on Forbes’ list of the world’s billionaires — is one of 2 men hoping to buy the hapless NBA team. (How bad are they? Their 15-67 record this year was even worse than the 37-45 Knicks’.)

Marc Lasry. (Photo/Avenue Capital Group)

Marc Lasry. (Photo/Avenue Capital Group)

Lasry — a low-key financier, but also a prodigious Democratic fundraiser — and fellow Wall Streeter Wesley Edens have offered longtime owner Herb Kohl $550 million for the Bucks. The 4-term Democratic Senator from Wisconsin bought the team in 1985 for $18 million (about $40 million today), according to the New York TimesThe sale must be approved by at least 23 of the 30 NBA owners.

But don’t expect to see the Bucks in Webster Bank Arena. Lasry and Edens have pledged to keep the team in Milwaukee.

Thankfully.

Milwaukee Bucks

 

 

Wall Street Meets Main Street — Westport-Style

Much of America learns about the financial crisis by reading the Wall Street Journal, and watching congressional hearings on C-Span.

Not Westport.  Our town is filled with what used to be called Masters of the Universe.  They work on Wall Street, but return here at night.

And when they’ve got a spare minute, they share their insights with the rest of us.

David Komansky

Last year, at one of the bleakest moments in economic history, David Komansky and Marc Lasry delivered what they’d promised to a standing room only Westport Library crowd:  helpful, thoughtful insights from 2 men with important perspectives.

This Thursday they return (7:30 p.m., McManus Room), for a “Community Conversation:  What’s Happened to Wall Street, Part II.”

Komansky spent 35 years at Merrill Lynch.  At the height of its power, he was chairman and CEO.  He serves on the Library’s Advisory Council.

Marc Lasry

Lasry is founder and CEO of Avenue Capital Group, a $20 billion distress hedge fund firm.

Dan Goodgame — financial journalist, editor and media consultant — will moderate.

The discussion will include a look at the past year; bailouts and their aftermaths; the implications for the future — and much more.

Chris Dodd and Barney Frank:  Eat your hearts out.