I think it's time to connect a couple more dots folks...yes indeed, we have a Billionaire Entrepreneur / hedge fund guy who likes to make money and donate. He's a top 12 highest paid hedge fund manager in the freakin world !
and then there's this interesting tidbit (paragraph 2):
Indeed, Lenny Clarke calls Pallotta the most generous guy he’s ever met in his life. “But he doesn’t do anything to be noticed,” he adds. “Me, I donate 50 bucks and I want everyone to know about it. He’ll donate a million dollars if you promise not to tell anyone.” Pallotta and his wife, Kim, give tens of millions to local charities, while their own charitable trust is endowed with $11 million. Between them, they also serve on the boards of eight nonprofits, including the Institute of Contemporary Art (home to the Kim and Jim Pallotta Gallery) and, until recently, the Fessenden School in Newton (its James R. Pallotta Athletic Center is named for his father).
Pallotta has also quietly invested in a number of area restaurants. “Without his support, Radius and Via Matta wouldn’t exist today,” says their chef-owner, Michael Schlow. (Though it’s no longer on the menu, he still cooks Pallotta his favorite veal chop when Pallotta stops in.) Pallotta has also put money into Todd English’s Figs, Richie Balsbaugh’s Saint, and Ming Tsai’s Blue Ginger, and he frequently brings high-powered guests into his friends’ restaurants—hosting U2 at Radius and Samuel L. Jackson at the Pearl on Nantucket. But the billionaire also knows how to lay back and let loose. “He’s a chameleon,” adds Schlow. “He can fit in at a fancy dinner, then have a beer and eat chicken wings at the bar.”
* I never thought I would say this but I am beginning to really like JP ;) LongCA, did you accumulate 14M shares (13% of the Float) since 9/25 ?
