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Topic: Kenneth Langone


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In the News (Thu 16 Feb 12)

  
  Kenneth Langone - Wikipedia, the free encyclopedia
Kenneth Langone, co-founder of Home Depot, is a former director of the New York Stock Exchange.
Langone is also a trustee of New York University.
Kenneth Langone was born in Roslyn Heights, New York, 20 miles outside of Manhattan.
en.wikipedia.org /wiki/Kenneth_Langone   (405 words)

  
 washingtonpost.com: Spitzer Suit Includes Ex-NYSE Compensation Chairman   (Site not responding. Last check: 2007-09-05)
Langone, who headed the stock exchange's compensation committee from 1999 to 2003, is accused of breaking state law by engineering a $139.5 million pay deal for his close friend and since-deposed NYSE chairman Dick Grasso.
Langone resigned his board position at the stock exchange last year in the middle of the furor after Grasso's pay package was made public and sold his NYSE seat in March for an undisclosed sum.
Langone's friends said he has told them he believes that the pay deal was aboveboard and that Grasso's pay was appropriate given the number of new companies he drew to the exchange and the reputation he cultivated for it.
www.washingtonpost.com /ac2/wp-dyn/A52998-2004May24?language=printer   (611 words)

  
 New York Post Online Edition: Business   (Site not responding. Last check: 2007-09-05)
Kenneth Langone, the former head of the New York Stock Exchange compensation committee, filed papers yesterday asking that claims made by New York Attorney General Eliot Spitzer be dismissed.
Langone's motion to dismiss argued that Spitzer has been unable to document a single instance of an NYSE board member who was misled by his work on the compensation committee.
A spokesman for Spitzer was not rattled by Langone's combative stance.
www.nypost.com /business/62124.htm   (472 words)

  
 washingtonpost.com: Former NYSE Director Asks Judge to Dismiss Suit   (Site not responding. Last check: 2007-09-05)
Langone argues in his response that every penny paid to Grasso was fully disclosed to and approved by NYSE board members.
Langone was unjustly enriched by the compensation paid to Mr.
Langone's response came two days after Grasso filed his own suit against the exchange and its current chairman, John S. Reed, seeking at least $50 million in allegedly withheld compensation as well as unspecified damages for defamation of character.
www.washingtonpost.com /ac2/wp-dyn/A7116-2004Jul22?language=printer   (462 words)

  
 USATODAY.com - Reports: Langone, others seek to buy NYSE   (Site not responding. Last check: 2007-09-05)
A spokesman for Langone would not confirm the details of meeting, and it was not immediately known who was in attendance.
Langone is chairman of investment firm Invemed Associates and is a co-founder of Home Depot.
Langone was named along with Grasso in a civil lawsuit filed last year by New York Attorney General Eliot Spitzer, who is seeking $12 million in damages from Langone for allegedly misleading his fellow board members about the scope of Grasso's pay.
www.usatoday.com /money/markets/us/2005-04-24-langone-nyse_x.htm?csp=34   (764 words)

  
 The New York Times > Business > Rival N.Y.S.E. Bid Said to Be in Works
Kenneth G. Langone, the co-founder of Home Depot and chief executive of a boutique investment banking firm, contacted a handful of Wall Street executives to gauge their support to mount a rival bid, these people said.
Langone was outraged at how Goldman Sachs orchestrated the New York Stock Exchange deal, and as a seat holder, felt that he should have received a better price for his stake, people briefed on the matter said.
Langone is contemplating it and seeking support for it reveals the level of animosity between the new and old schools of the exchange.
www.nytimes.com /2005/04/25/business/25nyse.html?ex=1272081600&en=aaf67dc67e8e8770&ei=5090&partner=rssuserland&emc=rss   (1088 words)

  
 Ken Langone
After two years of classes Langone graduated and was fully prepared to enter the exclusive world of high business.
Langone took Perot’s company, Electronic Data Systems (EDS) public at a significant profit and in the process solidified his presence on Wall Street.
Langone and his group sold the Handy Dan shares back to the company and Handy Dan subsequently fired their CEO, Bernard Marcus.
www.kenlangonefans.com   (417 words)

  
 News Copy, New York: Kenneth Langone
Langone issued his challenge to Spitzer at a gathering of the Cato Institute in New York City yesterday, according to Reuters.
Langone said he viewed Spitzer as a public servant and it was "deplorable when Americans have to live in fear" of their public servants.
Langone was a member of the New York Stock Exchange's compensation committee, the entity that made former Stock Exchange head Richard Grasso the recipient of a $100 million deferred benefits compensation.
www.newscopy.org /kenneth_langone   (1629 words)

  
 Boston.com / Business / Langone ready to battle Spitzer over suit   (Site not responding. Last check: 2007-09-05)
Kenneth Langone could write Eliot Spitzer a check for $18 million and be done with his role in the dispute between the New York Stock Exchange and its former chief, Richard Grasso, over the latter's controversial pay package.
Langone was recently named to another term on the board, while Grasso did not seek another term.
However, while Langone remains loyal to Grasso and said the lawsuit has strengthened their friendship, he maintains his stance in the case is not to support Grasso, but to preserve his name and validate his business judgment -- that Grasso was worth every penny.
www.boston.com /business/articles/2004/06/14/ap_interview_langone_ready_for_a_fight?pg=full   (924 words)

  
 SignOnSanDiego.com > News > Business -- Langone meets with Wall Street, seat holders
At the meeting, Langone, the billionaire investor who wants to buy the exchange and scuttle the NYSE's deal with electronic trader Archipelago, said the merger was too generous to Archipelago shareholders, according to two sources with knowledge of the meeting who spoke on condition of anonymity.
Langone has enlisted the help of former Morgan Stanley and CSFB chief John Mack in his effort, with Mack leading a "working group" of seat holders and representatives of Wall Street firms.
Langone was ousted from the board in late 2003 in connection with the $187.5 million pay package for former Chairman and Chief Executive Richard A. Grasso, and was sued alongside his friend by New York Attorney General Eliot Spitzer last May.
www.signonsandiego.com /news/business/20050425-1323-nyse-langone.html   (546 words)

  
 Vol 135 Issue 4
Langone is a well-known name to many in the University community, but his personality is less well-known.
Langone not facing any criminal charges, he is fulfilling his pledge to the University graciously.
Langone current in his payments but he is actually paying them in advance, with a sizeable, increased payment received in December 2004.
www.bucknell.edu /News_Events/Publications/Bucknellian/Archives/2005_02_18/Opinion.html   (4247 words)

  
 Langone Campaigns Against Spitzer
NEW YORK -- Billionaire financier Kenneth Langone will announce Friday that he plans to mount a campaign to thwart New York Attorney General Eliot Spitzer's ambitions to be governor of New York, Reuters reported.
Langone, who is being sued by Spitzer in a case relating to his role as former chairman of the New York Stock Exchange compensation committee, will argue that Spitzer's tactics as a prosecutor have been harmful to individuals, companies and New York state business, Langone spokesman Jim McCarthy said.
Langone will announce the move at a speech in New York on Friday entitled: "Justice or Political Ambition: The case of Eliot Spitzer," which he is giving at an event organized by the Cato Institute, a policy research think-tank that promotes limited governance.
www.nysscpa.org /home/2005/1205/1week/article46.htm   (186 words)

  
 Ken Langone
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.
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.
www.kenlangone.org   (348 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.
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.
msnbc.msn.com /id/5078177   (437 words)

  
 The Cincinnati Post
Kenneth Langone, a well-known financier who co-founded Home Depot Inc., has decided not to stand for re-election to GE's board this year, company officials said Tuesday.
Langone was among the parties sued in May by New York Attorney General Eliot Spitzer over Grasso's $187.5 million compensation package.
Langone has denied allegations that he misled directors about Grasso's pay and has vowed to fight them in court.
www.cincypost.com /2005/02/09/ge020905.html   (293 words)

  
 Dedication of Langone Athletics and Recreation Center Set for Friday :: Bucknell's Sparkling New Athletics Center In ...
Entrepreneur and philanthropist Ken Langone, a 1957 Bucknell graduate, is expected to be on hand for the dedication ceremony, which is open to the public and will take place just outside the center's main entrance.
Langone is perhaps best known for co-founding Home Depot, Inc., the well-known home improvement chain, and for taking Ross Perot's firm, Electronic Data Systems Corp. (EDS), public in the 1960s.
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, including the student body, varsity student-athletes, faculty, staff and alumni.
bucknellbison.cstv.com /genrel/042403aaa.html   (404 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)

  
 Sources: Langone may bid for Archipelago - Apr. 24, 2005   (Site not responding. Last check: 2007-09-05)
Langone, according to some of the CEOs who spoke to him, is angry that investment bank Goldman Sachs Group (Research) took the rare step of acting as advisor to both Archipelago and the NYSE, a move many on Wall Street believe to be a conflict.
Langone, these CEOs say, has indicated he already has lined up some support and has requested a meeting with a number of Wall Street chiefs in order to gauge their interest in participating in a rival bid.
Langone, who chaired the NYSE's compensation committee for part of Grasso's tenure as NYSE chairman, is also a subject of Spitzer's lawsuit.
money.cnn.com /2005/04/24/news/sources_grasso.dj   (1121 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   (190 words)

  
 Star-Gazette.COM - Local News
Billionaire Kenneth Langone, a co-founder of Home Depot Inc., said during a Manhattan speech Friday that he plans to put his financial resources to work against Attorney General Eliot Spitzer's campaign for governor.
Langone, who is being sued by Spitzer in a case relating to his role as former chairman of the New York Stock Exchange compensation committee, claimed in a speech Spitzer's tactics as a prosecutor had been harmful to individuals and companies.
Langone is named in the lawsuit which centers on payments to Grasso.
www.stargazettenews.com /apps/pbcs.dll/article?AID=/20051210/NEWS01/512100310   (271 words)

  
 Langone mounts counter plan to buy NYSE - Apr. 25, 2005
Langone was exploring ways to make an NYSE bid, according to the source, who could provide few details other than to say he was only looking at NYSE and not at Archipelago.
Langone quietly reached out to a number of Wall Street executives last week, asking them if they would be interested in a counter bid, The Wall Street Journal reported.
Langone's offer is likely to cause problems for the NYSE going forward, said Richard Moore, the state treasurer of North Carolina who sits on the exchange's executive board.
money.cnn.com /2005/04/25/markets/langone_nyse_bid   (1013 words)

  
 The Seattle Times: Business & Technology: Investment bankers seek way to increase NYSE value
Langone's supporters point out that not only is NYSE Chairman John Thain a former Goldman Sachs president, but that the firm holds a 15.5 percent stake in Archipelago and owns the trading firm Spear, Leeds and Kellogg, which holds three seats on the exchange.
Langone was the head of the NYSE compensation committee that approved Grasso's contract.
While Langone's personal wealth is estimated at $1.2 billion, according to the latest Forbes ranking of billionaires, his investment firm, Invemed Associates, remains under investigation by the brokerage regulator NASD.
seattletimes.nwsource.com /html/businesstechnology/2002253041_nyse26.html   (810 words)

  
 CBS News | Langone Asks Judge to Toss Out Complaint
Langone's attorneys said New York Attorney General Eliot Spitzer could not prove that Langone, who headed the NYSE's compensation committee in 2003, misled other board members about Grasso's pay, specifically Grasso's capital accumulation plan (CAP) account, a deferred compensation program.
both Langone and his predecessors, as chairmen of the compensation committee, took pains to ensure that the board repeatedly was informed about Grasso's compensation and, specifically, his CAP awards," Langone's lawyers said in their request for summary judgement, filed in state court.
Langone spokesman Jim McCarthy said the motion to dismiss was made after Langone's lawyers sifted through dozens of depositions from former NYSE board members and executives.
www.cbsnews.com /stories/2006/01/23/ap/business/mainD8FAG8JO0.shtml   (419 words)

  
 Ken Langone   (Site not responding. Last check: 2007-09-05)
The young Kenneth Langone proved up for the challenge and graduated from the graduate program in two years.
Perot and Langone developed a lasting friendship and it’s no surprise that during Perot’s bid on the Presidency of the United States, Langone supported him.
Langone heavily researched Handy Dan home improvement stores, literally inspecting every Handy Dan store before he and his investors purchased 14% of the company.
www.kennlangone.com   (372 words)

  
 Newsweek :: NEWSWEEK: A Rival Bid for the Big Board?   (Site not responding. Last check: 2007-09-05)
Langone is trying to tap into the anger many Wall Street execs feel about the multiple roles played by Goldman Sachs in the deal -- it was the banker for the Big Board, owns seats on the exchange and also owns part of Archipelago, the merger partner.
Langone believes Goldman is reaping a windfall at the expense of other shareholders.
Langone is apparently willing to put up possibly several hundred million dollars (he's worth upwards of $3 billion) with other investors.
sev.prnewswire.com /magazines/20050425/NYSU01824042005-1.html   (270 words)

  
 Investor's Business Daily: Breaking News
SAN FRANCISCO (MarketWatch) - Kenneth Langone, the co-founder of Home Depot, may be mounting a counter bid for the New York Stock Exchange and Archipelago Holdings, according to a published report Sunday.
Langone is upset that Goldman Sachs (GS) acted as advisor to both the NYSE and Archipelago Holdings (AX) and believes the deal is undervalued, reported the Wall Street Journal's online edition.
Langone is also a subject of Spitzer's suit for his leadership of the compensation committee, reported the Wall Street Journal.
www.investors.com /breakingnews.asp?journalid=27184593&brk=1   (466 words)

  
 Bloomberg.com: U.S.
June 10 (Bloomberg) -- Kenneth Langone, former head of the New York Stock Exchange's compensation committee, said the lawsuit he is facing from New York Attorney General Eliot Spitzer is a baseless attempt at ``bullying'' that will fail.
Langone wrote that Spitzer has yet to ask him any questions about Grasso's compensation and how it was derived, although the U.S. Securities and Exchange Commission and the exchange have questioned him.
Langone said members of the NYSE compensation committee were worried about the public's reaction to the size of Grasso's pay package, which they approved unanimously, not the amount of his pay.
quote.bloomberg.com /apps/news?pid=10000103&sid=a9k03nTlYfYM&refer=us   (482 words)

  
 Ken Langone   (Site not responding. Last check: 2007-09-05)
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)

  
 Houston's Clear Thinkers: Langone unmasks the Lord of Regulation
Langone is the co-founder of Home Depot who chaired the New York Stock Exchange compensation committee that approved Richard Grasso's $140 million pay package.
Langone lays the wood to the Lord of Regulation:
Langone concludes by boring in on the lack of judgment and troubling tactics that have been a consistent theme of prosecutions of unpopular business executives during this post-Enron era of criminalizing merely questionable business judgments:
blog.kir.com /archives/002478.asp   (820 words)

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