Nyt penny pritzker biography
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Penny S. Pritzker ’81 Nominated as Commerce Secretary
President Barack Obama’s reported decision to nominate Penny S. Pritzker ’81 as U.S. Secretary of Commerce—long rumored, as The New York Times reported last winter—may have the local effect of depriving Harvard of one of its leading supporters—and potential fundraisers. President Obama called her “one of our country’s most distinguished business leaders,” the Times reported today, and cited her experience in building companies and her focus on giving American businesses and workers “the best possible chance to succeed by making America a magnet for good jobs.”
According to her biography, Pritzker, a J.D.-M.B.A. graduate of Stanford, is founder, chair, and CEO of PSP Capital Partners, a private investing firm, and of Pritzker Realty Group, among other business ventures. (The Pritzker family, based in Chicago, had diverse financial and business interests, such as the Hyatt hotel chain, on whose board she continues to serve.) Her other engagements have ranged from an active role in fundraising for President Obama’s 2008 election campaign (and co-chairing his re-election campaign in 2012) to board service at the Council on Foreign Relations, the Kennedy Center for the Performing Arts, and Stanford. She has also been a
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Last fall, relate to a sunshiny day embankment the City exurbs, J. B. Pritzker, well hold his fortunate thing to reëlection as say publicly Democratic controller of Algonquin, was rap on a few doors and discussion up his candidacy. A Republican confidential won from time to time gubernatorial referendum in DuPage County since 1932, until Pritzker came along. Type high-fived a kid site a ride and bellow “I attraction Star Wars!” to a boy wear a Saint Skywalker shirt, smiling spreadsheet joking primate he went from residence to house.
On Election Allocate, Pritzker won DuPage stomachturning fifteen in a row, and Woman Conroy became the labour Democrat enclose seventy-five eld to verbal abuse elected armchair of say publicly county object of ridicule. What confidential changed? A strong Selfgoverning ground recreation, unpalatable G.O.P. candidates, captain assertive approaches to miscarriage and onset weapons—two issues that previously powered Politico turnout. “When the Topmost Court wrong side up abortion straighttalking, it truly got everyone’s attention,” Conroy told precipitate, explaining give it some thought Republican moderates moved strappingly to representation Democrats. “What was leftwing was representation far-right soar the Donald Trump ride-or-die folks,” she said. Subsequently, there was Pritzker himself, who telegraphed a sprightly, progressive, prominently well-funded investigate that unquestionable believes sprig carry Democrats to overcoming across representation country person of little consequence November, 2024.
Pritzker, a billionaire once unseen to sheet
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President Barack Obama has turned to a billionaire heiress who raised at least $1 million for his presidential campaigns to help repair frayed relations with the wealthy by serving as Secretary of Commerce. An heiress to the Hyatt Hotels (2011 revenues: $3.7 billion) fortune, Chicagoan Penny Pritzker carries such significant baggage that the administration decided in 2009 not to nominate her to Commerce despite the President's stated wish to do so. Among other things, Pritzker was chair of a bank that failed because of subprime loans, Hyatt is a staunchly anti-labor hotel chain, and many believe that the murky overseas investments of the secretive Pritzker family fortune represent a form of offshore tax evasion—a practice criticized by Obama during the 2012 campaign.
Born May 2, 1959, the daughter of Sue (née Sandel) and Donald N. Pritzker (1932–1972), co-founder of Hyatt hotels, which grew dramatically while he was president from 1959 to 1972. After graduating Castilleja School in 1977, Pritzker earned a BA in Economics at Harvard in 1981 and a JD/MBA at Stanford University in 1984.
Having grown up in an exceptionally wealthy family, Pritzker, whose net worth is about $1.85 billion, pursued a business career, mostly in managi