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KENNETH G. LANGONE Kenneth Langone's biggest claim to fame is his involvement in the immensely successful Home Depot, which he co-founded in 1978. Langone, son to a plumber and a cafeteria worker, was raised in a close-knit Italian family in Roslyn Heights, NY approximately 20 miles east of Manhattan. Langone learned how important the people factor was in investment banking and that the character of the principals should be put ahead of the concept and the numbers in assessing a deal. pages.stern.nyu.edu /~gdaly/Langone.htm   (1158 words)

Bucknell University || Official Athletic Site || On Campus The addition of the Kenneth G. Langone Athletics and Recreation Center, one of the finest collegiate athletics and recreation facilities of its kind in the nation, will help ensure the continuation of that success. Langone was a member of the university Board of Trustees from 1980 to 1996. One of the special qualities of the Langone Athletics and Recreation Center is the manner in which it supplements the pre-existing facilities. bucknellbison.cstv.com /school-bio/kenneth-langone-athletics-rec-center.html   (935 words)

Langone Plans to Bid on NYSE Langone, whom Forbes magazine ranks 260th among the 400 wealthiest Americans, with an estimated fortune of $1.1 billion, could gain control of an institution that ousted his friend, former NYSE chairman and chief executive Dick Grasso, in September 2003. Langone is seeking funds from securities firms to back his takeover attempt for the 213-year-old NYSE, said people familiar with the matter who spoke on the condition of anonymity. Langone, who headed the NYSE's compensation committee from 1999 to 2003, is a co-defendant in New York Attorney General Eliot L. Spitzer's suit to recover most of Grasso's $140 million retirement package. www.washingtonpost.com /wp-dyn/content/article/2005/04/25/AR2005042501500.html   (630 words)

Langone Says He Won't Settle Grasso Suit NEW YORK -- Kenneth G. Langone, the former head of the New York Stock Exchange's compensation committee, said Thursday he will not seek a settlement in the lawsuit brought against him and former exchange chief Richard A. Grasso by New York's attorney general, The Associated Press reported. Langone is accused of misleading the exchange board into approving Grasso's pay package, specifically an $18 million retirement account that went unlisted on documents given to board members, according to Spitzer. The attorney general, who filed suit against Grasso, Langone and the NYSE on Monday, is seeking $18 million in damages from Langone and at least $100 million from Grasso. www.nysscpa.org /home/2004/504/4week/article70.htm   (190 words)

Ex-Director of Big Board Asks for Dismissal of Suit - New York Times Kenneth G. Langone, a former director of the New York Stock Exchange, requested yesterday that a civil suit contending that he misled fellow board members about the compensation of the former chairman, Richard A. Grasso, be dismissed. Langone cited statements taken in depositions from David H. Komansky, former chief executive of Merrill Lynch; Mel Karmazin, then president of Viacom; and Gerald M. Levin, former chief executive of Time Warner. Langone did not make clear to directors that those payments were an additional 50 percent of his variable compensation, as opposed to being included in his regular pay. www.nytimes.com /2006/01/24/business/24nyse.html?ex=1295758800&en=574224e1be66a9d5&ei=5088&partner=rssnyt&emc=rss   (605 words)

One Fight Leads to Another Langone is an investment banker who and was a co-founder of Home Depot Inc., a Nassau County resident and a fundraiser extraordinaire -- he was a top moneyman for former New York mayor Rudolph W. Giuliani and also helped independent presidential candidate H. Ross Perot. Like much of Wall Street, Langone is unhappy about the financial fallout from Spitzer's investigations, but he also has a more personal reason to dislike the New York attorney general -- Spitzer's allegations in the lawsuit that Langone misled his former NYSE board colleagues about Grasso's compensation. But Suozzi argues that the Langone contributions are not problematic at all, especially in light of Spitzer's lobbyist supporters: "The only thing [Langone] is looking for is for me to win and for me to continue the good job I have done in Nassau County. www.washingtonpost.com /wp-dyn/content/article/2006/03/07/AR2006030701770_pf.html   (1278 words)

Langone Seeks Dismissal of Grasso Suit NEW YORK -- Former New York Stock Exchange board member Kenneth G. Langone asked a federal judge Thursday to toss out the state attorney general's lawsuit against him in the Richard A. Grasso pay controversy, saying there was no legal basis for him to be included, The Associated Press reported. Because Langone did not benefit from the $18 million in Grasso's compensation that Attorney General Eliot Spitzer claims Langone hid from the rest of the NYSE's board, Langone's lawyers said in a motion to dismiss that Langone cannot be made to pay restitution. Langone was seeking to dismiss the only count of the complaint in which he was named. www.nysscpa.org /home/2004/704/3week/article150.htm   (209 words)

Ex-NYSE boss fights back over his pay deal | The San Diego Union-Tribune Kenneth G. Langone, the former chairman of the compensation committee who was named along with the exchange in Spitzer's suit, has been making calls to former directors telling them that his lawyers will be deposing them in the coming months and that it is "nothing personal." Langone's question gives further credence to Spitzer's contention that both Langone and Grasso were less than forthcoming in disclosing crucial compensation matters to the full board – buttressing his argument that the board's decision to award the $139.5 million should be voided. Langone declined to respond directly to the contention, and Lipton did not respond to an e-mail message sent to him. www.signonsandiego.com /uniontrib/20040526/news_1b26grasso.html   (747 words)

Bucknell University || Official Athletic Site || Facilities With 11 Patriot League Presidents' Cups in 15 years, national leadership in graduation rate of student-athletes, 110 Verizon Academic All-Americans in 35 years and 100 Patriot League Scholar-Athletes in 15 years, Bucknell is clearly at the head of the class in terms of upholding the scholar-athlete ideal. The addition of the Kenneth G. Langone Athletics and Recreation Center, one of the finest collegiate athletics and recreation facilities of its kind in the nation, goes a long way toward ensuring the continuation of that success. A visually appealing structure located along Moore Avenue on the "downhill" side of campus, the Langone Athletics and Recreation Center was designed to reach out to all members of the campus community -- the student body, varsity student-athletes, faculty, staff and alumni. bucknellbison.cstv.com /facilities/buck-kenneth-langone-athletics-rec-center.html   (772 words)

NYU Today Kenneth Langone has achieved excellence in all of his many academic and professional endeavors. Langone is an acknowledged authority in the fields of brokerage and investment banking, and he has been the mastermind behind a series of successful business investments. Langone is the chairman of the Boards of Trustees of the NYU School of Medicine Foundation and the NYU Hospitals Center as well as the vice chairman of the Leonard N. Stern School of Business Board of Overseers. www.nyu.edu /nyutoday/archives/17/13/Stories/rudin-gallatin.html   (575 words)

Ken Langone Kenneth Langone is the founder, chairman, and CEO of Invemed Associates LLC, a New York Stock Exchange member firm engaged in investment banking and brokerage. NEWSWEEK was first to report on Sunday morning that Langone was interested in putting together a coalition of Wall Street firms to purchase the NYSE, following the Big Board’s announcement that it would merge with electronic-trading outfit Archipelago and then become a public company. Langone, however, believed that seatholders at the exchange can get a better deal than the one being proposed. www.kenlangone.org   (348 words)

Ken Langone   (Site not responding. Last check: 2007-11-03) In his lifetime Kenneth Langone has produced an amount of success to be envied. Langone and his wife, Elaine, pledged $11 million to build the Kenneth G. Langone Athletics and Recreation Center. In his long life as an entrepreneur, philanthropist and family man the founder of Home Depot, Ken Langone, has plenty to be proud of and plenty accomplishments to be envied for. www.kenlangoneonline.com   (243 words)

Ex-NYSE chief vows to counter lawsuit - Pittsburgh Tribune-Review And a source close to Langone's defense, speaking on condition of anonymity, told The Associated Press that Langone was unlikely to settle as well. Grasso and Langone plan on calling a number of former board members to testify that they were not misled, and that they felt they had enough information to approve Grasso's pay, according to the source close to Langone. Langone's defense will be making an issue of it as well, the source close to Langone said. www.pittsburghlive.com /x/pittsburghtrib/s_195823.html   (962 words)

With Links to Home Depot Board, Chief Saw Pay Soar as Stock Fell Langone is currently under fire for his role as head of the compensation committee at the New York Stock Exchange, which granted the former chief executive Richard A. Grasso a pay package worth more than $140 million. Langone "created the Home Depot board in his own philosophical image," said Richard Ferlauto, director of pension investment policy for the American Federation of State, County and Municipal Employees, whose pension fund owns shares in the company. Langone's statement defending the ties of board members said the idea that they could not share friendships was ridiculous: "It not only sets up a make-believe standard but it is designed to please an agenda driven by activists with ulterior motives." www.thepowerhour.com /news2/homedepot_stocks.htm   (2903 words)

Bloomberg.com: Bloomberg Columnists   (Site not responding. Last check: 2007-11-03) Given the chance, Langone and his high- powered PR agent pepper their conversations with the word, as if repetition convinces all doubters. Langone would even toss out his friendship with Richard Grasso, the former New York Stock Exchange chief, if he thought his integrity could be brought into doubt. Grasso and Langone are targets of a suit by New York Attorney General Eliot Spitzer for their role in the NYSE pay imbroglio. www.bloomberg.com /apps/news?pid=10000039&sid=aZ5NvSIMwL.g&refer=columnist_antilla   (1034 words)

Spitzer files suit against Grasso, NYSE, Langone (printable version) It names Grasso, the NYSE and Kenneth G. Langone, a former NYSE board member and ex-chairman of the exchange’s compensation committee. Langone said in a statement, “These were honest, diligent and sound compensation decisions that were thoroughly researched and, most importantly, supported by 100 percent of the board. Langone, who headed the board’s compensation committee from 2000 to 2003, is considered a close friend and confidante of Grasso, and was instrumental in getting board approval for his compensation package. www.rgj.com /news/printstory.php?id=71481   (1374 words)

Ken Langone   (Site not responding. Last check: 2007-11-03) Langone is also the founder of the nation-wide home improvement retailer, Home Depot which he founded in 1978. Currently he is the vice chairman of the Board of Overseers of the Stern School of Business, chairman of the Board of Trustees of New York University Medical School and a member of the Board of Trustees of New York University and its executive committee. The successful businessman and entrepreneur, with his wife Elaine, pledged $11 million to Bucknell University to build the Kenneth G. Langone Athletics and Recreation Center. www.kenlangone.net   (282 words)

N.Y. sues former NYSE chief | www.azstarnet.com ® Spitzer said he singled out Grasso and Langone because they allegedly actively misled the other board members, although the entire board could have been held responsible for approving the compensation. Langone said in a statement, "These were honest, diligent and sound compensation decisions that were thoroughly researched and, most important, supported by 100 percent of the board. Langone, who headed the board's compensation committee from 2000 to 2003, is considered a close friend and confidant of Grasso and was instrumental in getting board approval for his compensation package. www.azstarnet.com /sn/printDS/23379   (615 words)

Online NewsHour: Budget effects on Business -- November 10, 1995 And Kenneth Langone is chairman and managing director of Invemed Associates, an investment banking firm, who's also serving as the chairman of fund-raising for the Dole campaign in New York State. KENNETH G. LANGONE: It means securities issued by the United States Government. LANGONE: Well, it means to me that people aren't really concerned that much about a default because, you know what, there isn't going to be a default. www.pbs.org /newshour/bb/budget/budget_11-10a.html   (1913 words)

Grasso Backer Sells NYSE Seat Langone was among the biggest supporters of Grasso, who ultimately resigned from the exchange amid a firestorm over his lucrative pay package. Langone headed the compensation committee when Grasso's biggest pay packages were approved. Last year, the AFL-CIO depicted Langone, a founder of Home Depot (HD:NYSE - news - research), as a chronic suck-up and called for him to be banished from every board in the country for his unapologetic defense of the fallen NYSE chairman. www.thestreet.com /tech/ronnaabramson/10146545.html   (217 words)

Spitzer—Suozzi Primary May Come From One Of AG’s Wall St. Targets Langone’s comments were significant because he’s a billionaire co-founder of the Home Depot chain and presumably can raise millions for Suozzi from Spitzer’s enemies on Wall Street. Langone’s problems with Spitzer arose over the huge compensation paid to former Stock Exchange President Richard Grasso and Langone’s alleged efforts to mislead people about it. Langone is loud in his praise for Suozzi because of the young pol’s successful efforts in turning around Nassau County, where Langone resides. www.qgazette.com /news/2005/1214/Political_Page   (1157 words)

CorpWatch : US: N.Y.S.E. Executive Tells of Altering Documents to Hide Grasso's Full Payout Langone have said the board was fully informed about the compensation and cite witnesses saying as much. Langone's motion includes comments from a number of board members, reflecting that they understood the CAP program and did not need the columns to understand what the footnote meant. Langone � had anything to do with the formatting of charts and that the information provided to the compensation committee and the board was accurate." corpwatch.org /article.php?id=13470   (1173 words)

Boston.com / Business / Grasso lawsuit sent back to state court Spitzer is seeking to take back at least $100 million from Grasso and another $18 million in damages from former NYSE board member Kenneth Langone. Langone spokesman Jim McCarthy said the decision does not alter Langone's position, and that the former board member was looking forward to his day in court, too. Spitzer sued Grasso and former NYSE board member Kenneth G. Langone on May 24 in state court, claiming the two hid information from the board's compensation committee in approving Grasso's pay package. www.boston.com /business/articles/2004/12/09/grasso_lawsuit_sent_back_to_state_court?mode=PF   (505 words)

Langone says he won't settle Grasso suit - Corporate Scandals - MSNBC.com Kenneth G. Langone, the former head of the New York Stock Exchange's compensation committee, said Thursday he will not seek a settlement in the lawsuit brought against him and former exchange chief Richard A. Grasso by New York's attorney general. Like Grasso, Langone also accused Spitzer, a rising star in New York politics, of using the case for his own gain. At Atlanta-based Home Depot's meeting, Langone was re-elected to another one-year term to the company's board of directors. www.msnbc.msn.com /id/5078177   (450 words)

Kenneth Langone Billionaire investor and businessman Ken Langone is a philanthropist to the nineth degree. He was the guest of honor for the Damon Runyon Cancer Research Foundation’s Living Vision Breakfast Honoring Ken Langone. In another display of unmatched charity, Langone and wife, Elaine, pledged $11 million to the Kenneth G. Langone Athletics and Recreation Center at his alma mater: Bucknell University. www.kennethlangonehome.com   (268 words)

Rangel and Suozzi Clash Over Backing From Wealthy Republican Langone, a former chairman of the New York Stock Exchange compensation committee, has been one of the subjects of a civil suit from Mr. Langone spoke of the need to keep Republicans in power in Washington, in the House and the Senate. Langone's support for Suozzi seems to be little more than a vendetta against Spitzer. www.democraticunderground.com /discuss/duboard.php?az=view_all&address=102x2341637   (630 words)

Langone seeks dismissal of Grasso suit - Corporate Scandals - MSNBC.com NEW YORK - Former New York Stock Exchange board member Kenneth G. Langone asked a federal judge Thursday to toss out the state attorney general's lawsuit against him in the Richard A. Grasso pay controversy, saying there was no legal basis for him to be included. On Tuesday, Grasso responded to Spitzer's lawsuit by filing a countersuit against the NYSE for at least $50 million, claiming that the exchange owed him additional compensation and that current chairman John Reed violated a "nondisparagement" clause in Grasso's employment agreement by speaking out against him after he resigned in September. While the exchange is named as a defendant, Spitzer is not seeking damages against the NYSE and has said the money recovered would be returned to the exchange. msnbc.msn.com /id/5496015   (612 words)

Ken Langone - Founder of Home Depot   (Site not responding. Last check: 2007-11-03) The Leonard N. Stern School of Business at New York University today announced the appointment of Clinical Professor Roy C. Smith as the first Kenneth Langone Professor of Entrepreneurship and Finance. This is the first time in Stern history that a non-tenured faculty member without a traditional academic background has received a chaired appointment. The Chair was endowed by Kenneth G. Langone, president of the investment banking firm Invemed Associates, Inc. www.kennethlangone.net /index.html   (231 words)

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