Highlights
Chicagoan Sam Zell, a billionaire entrepreneur, is probably best known for his massive real estate holdings. In 2007, he sold his publicly traded US office portfolioEquity Office Properties Trustfor $39 billion in what was then considered the largest private equity transaction ever. A self-described "professional opportunist," he also has invested in companies around the world with holdings as varied as supermarkets, wineries, barges and compressors for the energy industry.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of...
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of...
Chicagoan Sam Zell, a billionaire entrepreneur, is probably best known for his massive real estate holdings. In 2007, he sold his publicly traded US office portfolioEquity Office Properties Trustfor $39 billion in what was then considered the largest private equity transaction ever. A self-described "professional opportunist," he also has invested in companies around the world with holdings as varied as supermarkets, wineries, barges and compressors for the energy industry.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of five public companies and was positioned in late 2007 to become chairman of Tribune, with its roster of newspapers, radio and television stations. In the 1960s, while a student at the University of Michigan where he eventually earned a law degree, Zell started his real estate career managing southeast Michigan apartment buildings. Over time, he invested and diversified. "Generally, we like simple themes and real assets," he said. "It gives us something to work with, unlike the dot-coms. When they got into trouble, there were no assets there." During the real estate recession of the 1990s, he was a key force in transforming the nation's property industry from an idiosyncratic business with opaque finances to the much sought-after, publicly traded core asset class of recent years. As he scans investment opportunities, what matters most to him is effective management. "An average company with good management can be fine," he said. "A good company with lousy management won't succeed." Not conventionally buttoned-down, Zell tends to tread his own path. In his early business career, he shed the requisite suit and tie for jeans and sweaters. He is an avid skier, racquetball player and motorcyclist.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of five public companies and was positioned in late 2007 to become chairman of Tribune, with its roster of newspapers, radio and television stations. In the 1960s, while a student at the University of Michigan where he eventually earned a law degree, Zell started his real estate career managing southeast Michigan apartment buildings. Over time, he invested and diversified. "Generally, we like simple themes and real assets," he said. "It gives us something to work with, unlike the dot-coms. When they got into trouble, there were no assets there." During the real estate recession of the 1990s, he was a key force in transforming the nation's property industry from an idiosyncratic business with opaque finances to the much sought-after, publicly traded core asset class of recent years. As he scans investment opportunities, what matters most to him is effective management. "An average company with good management can be fine," he said. "A good company with lousy management won't succeed." Not conventionally buttoned-down, Zell tends to tread his own path. In his early business career, he shed the requisite suit and tie for jeans and sweaters. He is an avid skier, racquetball player and motorcyclist.
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Cross-border bridge to Tijuana airport awaits permit
FOX 5 San Diego StaffA cross-border pedestrian bridge that would link Tijuana's Rodriguez International Airport to Otay Mesa needs a presidential permit from the State Department to move forward, officials said Tuesday. Stephanie Saathoff, who represents the private...Tags: San Diego (San Diego, California), Mexico, Mountains, Chicago Tribune, Landforms
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Cross-border bridge gets presidential permit
FOX 5 San Diego StaffThe State Department Thursday issued a presidential permit authorizing the construction and operation of a cross-border pedestrian bridge that would link Tijuana's Rodriguez International Airport to San Diego. The for-profit project was proposed by the...Tags: Jerry Sanders, San Diego (San Diego, California), Trips and Vacations, Business Trips, U.S. Department of State
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Tribune sells Cubs to Ricketts family
Tribune staff reporterThe Chicago Cubs will have a new owner, and it's who everyone expected it to be back in January. Tribune Co. said today that it signed an agreement to sell the iconic franchise to the Ricketts family. The family is paying about $800 million to acquire...Tags: Television Stations, Baseball, Marc A. Utay, Mass Media, Chicago Tribune
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Bridge planned to link San Diego with Tijuana airport
La PlazaThe planned 525-ft. pedestrian bridge would go over the border fence and into a U.S. customs facility on the San Diego side of the Otay Mesa, about 1 mile away from the 905 highway. There would be a toll fee to use the bridge, but that hasn't been set... -
Tribune Co. creditors court Michael Eisner and Jeff Shell for top jobs
Company TownFormer Walt Disney Co. Chief Executive Michael D. Eisner is in discussions that could lead to his return to the media spotlight – as chairman of the now-bankrupt Tribune Co. The media company’s largest creditors are having preliminary conversatio... -
Rahm Emanuel lunches with Tribune chairman Sam Zell
Chicago Breaking NewsWASHINGTON --- Rahm Emanuel lunched today with Tribune Company chairman Sam Zell as the White House chief of staff mulls a run for Chicago mayor. The two dined at a chic eatery, Central Michel Richard, a restaurant manager confirmed. The spot is about six... -
Rahm Emanuel lunches with Tribune chairman Sam Zell in D.C. today
Clout StPosted by Katherine Skiba and Kristen Mack at 5:55 p.m. WASHINGTON --- Rahm Emanuel lunched today with Chicago billionaire Sam Zell, chairman of the Tribune Company, as the White House chief of staff mulls a run for Chicago mayor. The...... -
Briefly In Business
Martin to be honored The National Assn. of Women Business Owners-Orange County (NAWBO-OC) will salute Laguna Beach resident Margarita Martin as Colombo-American Education Foundation's 2010 OC "Member of the Year" at the 15th Annual Remarkable Women...Tags: Local Elections, Regional Authority, Ohio, Health, Marketing
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|Story
Tags: Newspapers, Chicago Tribune, Litigation, Companies and Corporations, Justice System
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Emanuel departure possible Friday
WASHINGTON — Rahm Emanuel's slow waltz into the Chicago mayor's race could take another step as soon as Friday with an announcement he's leaving as White House chief of staff, sources said Wednesday.
The long-rumored departure, which might be...Tags: Local Elections, Dining and Drinking, Regional Authority, Chicago, Chicago Restaurants
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L.A. County supervisors criticize King Kong newspaper ad
L.A. NOWThe Los Angeles County Board of Supervisors on Thursday called on the Los Angeles Times to stop selling advertising sections designed to resemble news sections, saying that the ads hurt the paper’s credibility. The supervisors sent a letter to Sam...... -
Blagojevich trial transcripts, plain text version
Change of SubjectToday's telephone recording transcripts, plain text version: DATE: 11/3/2008 9:23 p.m. ACTIVITY: Rod Blagojevich home line incoming call. SESSION: 162 SPEAKERS: Rod Blagojevich, Robert Greenlee GREENLEE: ...pressed by everybody involved. At least the SEIU...
Aug 3, 2010
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Aug 5, 2010
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Aug 21, 2009
|Story| Chicago Tribune
Aug 5, 2010
| Los Angeles Times
Aug 25, 2010
| Los Angeles Times
Sep 29, 2010
| Chicago Tribune
Sep 29, 2010
| Chicago Tribune
Sep 9, 2010
|Story| Coastline Pilot
Sep 13, 2010
|Story| Associated Press
Sep 29, 2010
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Jul 2, 2010
| Los Angeles Times
Jul 8, 2010
| Chicago Tribune
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