- Steve Feinberg
Stephen A. Feinberg (
March 29 ,1960 - ) is an American businessman active in the field ofprivate equity . He is the founder and head ofCerberus Capital Management .Early life
Feinberg was born in the Bronx, NY. At eight his family moved to Spring Valley, a relatively poor suburb of
New York City . His father was a steel salesman.He attended
Princeton University inNew Jersey , graduating with a degree in politics in 1982. While there, he captained thetennis team and joined theReserve Officer Training Corps , but did not have a lot of friends on account of his intense privacy.Professional career
After graduating from university, Feinberg worked as a trader at Drexel Burnham and
Gruntal & Co. In 1992 Feinberg teamed up with
William L. Richter to found Cerberus Capital Management with just $10 million under management. Cerberus has prospered, and Feinberg has been at the helm of the firm since its founding.Personal
Feinberg is a very private person. Despite his considerable personal wealth (Feinberg reportedly made $50 million in 2004) his lifestyle, whilst still of the
upper class , is notably less extravagant than his peers in private equity. ["While other hedge-fund managers are collecting fine French wines and flying around in private planes, he drives a Ford truck and drinks Budweiser." "What's Bigger Than Cisco", quoting Jonathan Gallen, a personal friend of Feinberg] He lives onManhattan 'sUpper East Side with his wife Gisela and their three daughters.His hobbies include game
hunting ,chess ,skiing , and riding hisHarley-Davidson motorcycle . Steve and Gisela Feinberg are prolific donors to the Republican Party and related organizations. Former RepublicanVice President of the United States Dan Quayle works for Cerberus as Chairman of Global Investments and formerUnited States Secretary of Defense Donald Rumsfeld is a client.ources
* [http://www.businessweek.com/magazine/content/05_40/b3953110.htm "What's Bigger Than Cisco, Coke, Or McDonald's?" Steve Feinberg's Cerberus, a vast hedge fund that's snapping up companies -- lots of them] ,
BusinessWeek , 10/3/05
* [http://www.businessweek.com/magazine/content/05_40/b3953114.htm Biographical infobox] , BusinessWeek, 10/3/05
* [http://www.nytimes.com/2008/04/15/business/15sorkin.html?dlbk A recluse lifts the Veil a Little] , New York Times, 4/15/08Notes
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