Info on Theodore Forstmann

AP News
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Posted: Nov 20, 2011 5:56 PM
Info on Theodore Forstmann

NAME _ Theodore J. Forstmann

AGE _ 71

CORPORATE CAREER: Founded investment firm Forstmann Little & Co. in 1978, focusing on leveraged buyouts. Most recently chairman and CEO of sports marketing giant IMG.

MAJOR ACQUISITIONS: Baseball card maker Topps and beverage company Dr. Pepper in 1984. General Instrument and Gulfstream Aerospace in 1990. IMG in 2004.

PHILANTHROPY: Co-founder of the Children's Scholarship Fund. Trustee of the Nelson Mandela Children's Fund. Member of the board of Freedom House, the International Rescue Committee, Empower America, the Robin Hood Foundation, the CATO Institute, the Preventative Medicine Research Institute and the Council on Foreign Relations.