TBS 2-67 Cruisebook_Updated_7Jan23

NASDAQ traded Jet Air Freight (out of chapter XI in 10
months and stock from 25 cents per share to $5.00), Instinet
(from verge of bankruptcy, it later achieved $6
billion market cap), CEO of Interactive Data (later sold
for $5.2 billion), CEO of Cabletek (sold to American Express),
and CEO of United Press International, the news
service.
Appointed by Jerry Brown to inaugural 11 person bipartisan
California Economic Development Commission
in 1976 along with George Dukmejian (future two
term governor), Willie Brown (future mayor of San
Francisco), and the most dangerous unarmed person I
have ever encountered, Maxine Waters (still a Congresswoman).
One afternoon a month for $1 a month
plus expenses. Real eye opener on how dysfunctional
politics can be.
Dolly and I divorced. I remarried and had two sons.
Lost faith in urban America's ability to fix its problems
(was wrong about that) and retired to Bermuda in 1990
to raise the boys in a better environment. Bored to
tears with retirement, I jumped at the opportunity to
start the first investment banking firm there a year
later. Dumb lucky as Bermuda's insurance industry
and hedge funds in general (most offshore funds were
there) were in their infancy. I helped to finance most
of its insurance industry (now the second largest in the
world) and rode the hedge fund boom hard. Transitioned
into founding and co-founding more than 50
specialty insurers, reinsurers, banks, brokerage firms,
and companies that support those financial institutions
in Bermuda and more than a dozen other countries.
Seven have achieved net worths or market caps
Fourth Platoon
exceeding $1 billion. Most of the capital comes from
the hedge fund industry, which likes to keep a low profile,
so few are publicly traded. That said, two have
listed on the NYSE and two trade on NASDAQ. In
Bermuda, I served on the Telecommunications Commission,
spawning Iridium, PanAm Sat, Global Crossing,
and FLAG.
McBride and Taussig
I also served on the Competitiveness Commission (similar
to the California one). Every two years, 120 bridge
players survive a brutal elimination process to qualify
for the world championships. I have qualified twice.
In 2003, Françoise was General Counsel for Bank Julius
Baer for everything outside of Switzerland (Hong
Kong, Singapore, San Paolo, Montreal, New York, Miami,
London, Bermuda, Bahamas, Cayman etc.), and
had an opportunity to return to Europe and move to
the business side of banking (which she thought would
be more fun than legal) as the Head of Risk and later
COO of Asia Pacific for Credit Suisse's Private Bank.
Since I can do my business from anywhere, I tagged
4‐45