Biography of Richard C. Blum, Dianne Feinstein, Tips, Controversy, Bullet Train

BIOGRAPHY OF RICHARD C. BLUM

Richard C Blum is an American investment banker and husband of US Senator Dianne Feinstein. He is Chairman and President of Blum Capital, an equity investment management firm that acts as a general partner for various investment partnerships and provides investment advisory services. Blum also sits on various boards of directors of several companies, including CB Richard Ellis, where until May 2009 he served as chairman of that board. He has been regent of the University of California since 2002.

RICHARD C. BLUM AGE

Richard C Blum was born as Richard Charles Blum on July 31, 1935 in San Francisco, California, United States. He turns 83 in 2018.

RICHARD C. BLUM CONJOINT

He married Dianne Feinstein in m. 1980.
Richard C. Blum

RICHARD C. BLUM EDUCATION

Blum was born into a Jewish family. He went to public schools in San Francisco. He received his BS in Business Administration in 1958 and an MBA in 1959 from the Haas School of Business at the University of California at Berkeley. In the 1970s, Blum supported San Francisco Mayor George Moscone. After Moscone’s assassination, Blum supported new mayor Dianne Feinstein.

RICHARD C. BLUM CAREER

In 1975, Blum founded Blum Capital and pioneered the company’s hybrid Strategic Block/Private Equity investment strategy. Mr. Blum previously served as Chairman of the Board of CB Richard Ellis, as well as a director on the boards of three other portfolio companies: Fairmont Raffles Holdings International Ltd., Current Media, LLC and Myer Pty Ltd. in Australia. Mr. Blum co-founded Newbridge Capital in the early 1990s and is co-chairman of TPG Asia V, LP (the successor fund to the Newbridge franchise which was incorporated into the Texas Pacific Group). He has served on the boards of numerous leading companies, including Northwest Airlines Corporation, Glenborough Realty Trust, Inc., Korea First Bank, URS Corporation and National Education Corporation. Additionally, Mr. Blum is active in numerous not-for-profit organizations. He is the founder and president of the American Himalayan Foundation and is honorary consul in Mongolia and Nepal. Mr. Blum is also a member of the advisory board of the Haas School of Business at the University of California at Berkeley. Blum joined investment brokerage firm Sutro & Co. when he was 23, becoming a partner before age 30. At Sutro, Blum led a partnership that acquired Ringling Bros. and Barnum & Bailey Circus for $8 million, selling it back to Mattel four years later for $40 million. On the back of this deal, Blum started his business for himself in 1975, founding what is now Blum Capital Partners; a stake in URS Corp. was one of his first investments. On April 25, 2009, he was honored with the Berkeley Medal by UC Berkeley Chancellor Robert Birgenau before the 14th Dalai Lama. The American Himalayan Foundation and the Blum Center for Developing Economies at UC Berkeley sponsored the conference

RICHARD C. BLUM NET WORTH

He has a net worth of over $1 billion.

CONSEILS RICHARD C. BLUM

On March 12, 2002, he was appointed by California Governor Gray Davis for a 12-year term as one of the regents of the University of California, and he was reappointed for a further 12-year term in 2014. He has also served on the boards of the following companies such as: CB Richard Ellis as Chairman, Newbridge Capital as Co-Chairman, Current TV and Blum Capital.
He is also the principal owner of Career Education Corporation.

He has a keen interest in Tibet and Tibetan Buddhism. In 1981 he attempted to climb Mount Everest from the Tibetan side with Sir Edmund Hillary. He is the president and founder of the apolitical American Himalayan Foundation, or AHF, which has given millions of dollars to build hospitals and schools in Tibet and Nepal, but has refrained from engaging politically with the Chinese control of Tibet.

Blum’s nonprofit activities include service as a trustee of The Carter Center; former co-chair of the World Conference of Religions for Peace; Board Member of the Wilderness Society; member of the board of trustees of the Brookings Institution; board member of the American Cancer Society Foundation; board member of the National Democratic Institute; and the founder and board member of the Blum Center for Developing Economies at UC Berkeley. The Center works to find solutions to address the crisis of extreme poverty and disease in the developing world.

RICHARD C. BLUM CONTROVERSY

Blum’s wife, Senator Dianne Feinstein, has come under scrutiny because of her husband’s government contracts and extensive business dealings with China and her past votes on trade issues with the country. However, Blum denied any wrongdoing. Critics have argued that business contracts with the U.S. government awarded to a company controlled by Blum may raise a potential conflict of interest issue with his wife’s voting and political activities. URS Corp, in which Blum had a substantial stake, purchased EG&G, a leading provider of technical and management services for the US military, from the Carlyle Group in 2002; EG&

In 2009, Feinstein introduced legislation to provide $25 billion in taxpayer money to the Federal Deposit Insurance Corp, a government agency that had recently awarded her husband, CB Richard Ellis’ real estate company, which The Washington Times reported. called “a lucrative contract to sell foreclosed properties. at rates of pay above industry standards. The United States Postal Service has entered into an exclusive contract with CB Richard Ellis to sell buildings that currently house post offices.

RICHARD C. BLUM HIGH SPEED ​​TRAIN

Several questions have been raised as to whether Richard Blum still holds a substantial interest or any interest in Tutor Perini. some published accounts, in addition to those quoted, claim that he does. This report says he sold 3 million shares in 2005. It’s unclear what part of his stake, if any, remains. -TL

Senator Feinstein’s financial disclosure form contains no reference to Tutor-Perini, although it does list stakes in a number of Blum Capital Partners funds.

To the surprise of absolutely no one familiar with the ways of corruption, the one-party state entirely in the hands of the Democrats, a consortium whose lead company is controlled by Richard Blum, husband of Senator Dianne Feinstein, received almost a billion – dollar contract for the construction of the first phase of the so-called high-speed rail line connecting San Francisco and Los Angeles. Those who pay attention to the project call it the “semi-rapid” rail line because it will share the track with conventional commuter trains in the vast areas of Los Angeles and San Francisco, lowering its average speed to the levels achieved by the railroads. American railways a century ago.

Crazifornia.com écrit:

The Perini-Zachary-Parsons bid was the lowest received of the five consortia participating in the bidding process, but “low” is a relative term. The companies have offered $985,142,530 to build the much-awaited first section of the high-speed rail line that will link the Madera metropolis to the global financial center of Fresno. Do the division, and you find that the lowest bid is only $35 million per mile.

And this does not include the cost of rolling stock (ie engines and cars as normal with us). It also does not include the cost of electrifying the route. Does it include at least the cost of acquiring the land? No.

As this fiasco progresses, remember that $35 million per mile is the best California can do on the stretch of track the High on Crack Speed ​​Rail Authority chose to go first. because it will be the cheapest.

Tutor-Perini, the main contractor controlled by Di-Fi’s husband, has an (ahem) interesting story. From the National Black Chamber of Commerce:

According to the United States Attorney’s Office in New York: “After a four-week trial, a federal jury in Brooklyn yesterday (March 9, 2011) found Zohrab B. Marashlian, the former chairman of the Civil Division of Perini Corp., an international construction services company, guilty of fraud and conspiracy to launder money. The charges stem from Marashlian’s misrepresentation to New York government agencies that Disadvantaged Business Entities (DBEs) were performing work under major public works contracts, when in reality Marashlian had nondisadvantaged businesses favored by Perini Corp. to do work. . Tutor Perini paid Marashlian $14 million in salary while all of this was going on. Two days before Marashlian was to receive a multi-year prison sentence, he committed suicide. A colleague is currently serving a long prison term for the same case.

Perini was caught doing such things over and over again. They are absolutely ridiculous in California projects. … According to the Seattle News, some of Perini’s headlines read, “In February, Tutor-Saliba and Perini agreed to pay $19 million to settle allegations of racketeering and fraud at a San Francisco airport project. » … “The companies are embroiled in an 11-year legal battle over more than $16 million in additional costs for a job in the Los Angeles subway.”

The imaginary world of Jerry Brown’s high-speed train that is sure to cost at least twice what it’s budgeted for (just south of a hundred billion dollars), takes five hours for a trip that takes about an hour by plane, and which is going to have to charge a lot more than the airlines for the trip.