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☆ Thomas H. Lee, pioneer of leveraged buyouts, is dead at 78
▼ + stars: | 2023-02-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate America, has passed away, according to a notice from his former firm that still bears his name. “We are profoundly saddened by the unexpected passing of our good friend and former partner, Thomas H. Lee,” said THL in a statement. “Tom was an iconic figure in private equity. One of Thomas Lee’s most famous, and lucrative, leveraged buyouts was his purchase of Snapple for $135 million in 1992. Lee left THL in 2006 and started another private equity firm, Lee Equity Partners.

☆ Nina Montée Karp and Dr. Harvey Karp turned the $1,700 Snoo into the holy grail of parenting. But some say they overhyped the crib's abilities and created a nightmarish corporate culture.
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

Karp and Montée Karp built the hype into a parenting-media empire that put out three books and two instructional films in 10 years. Karp and Montée Karp met at a Hollywood party in the early '90s. Karp and Montée Karp promised her independence and flexibility to accommodate her two young children's day-care schedules and a 90-minute commute. Karp and Montée Karp insisted on being involved in minutiae that most top executives hand off. Karp and Montée Karp turned the Snoo into an award-winning holy grail of parenthood in just a few years.

☆ A husband-wife duo turned the $1,700 Snoo into the holy grail of parenting, but some say they run their company like a dysfunctional 'surveillance state'
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

☆ The Art Behind Supply Chains Is Front and Center at a Museum Exhibit
▼ + stars: | 2023-01-25 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “What we wanted to do was to make the invisible visible, to look at the supply chain as a key part of how AI works,” Dr. Crawford said. “The best artists are all geometry and symmetrical work coupled with creativity, and that’s what supply chain is. Some of the artists on display in the MoMA gallery have gone on to create more work centered on supply chains. “When you start to do this research, you see everything differently and the precarity of the supply chain was made so clear to me,” she said.

Several Latinos whose lives and work left a profound imprint on American institutions — from arts and entertainment to legal and civil rights — passed away in 2022. Cavazos began his education in a two-room schoolhouse on the King Ranch in Texas, where his father was a foreman. President Reagan named Cavazos Secretary of Education in 1988, making him the first Hispanic ever to serve in the U.S. Together, “Luis” and Maria” showed young audiences that Latinos were people who worked, fell in love and were part of their community. Her goals were to give Latinos a presence in the dance world, and to instill pride in Hispanic culture.

Click “VOTE” to choose your favorite Metropolitan Diary entry of 2022. Click “VOTE” to choose your favorite Metropolitan Diary entry of 2022. At Attention Dear Diary: It was December 1967. – Stephen SalisburyExtra Ticket Dear Diary: It was April 1992, and I had two tickets for the Chicago Symphony Orchestra at Carnegie Hall with Daniel Barenboim conducting. – Garrett AndrewsRock-Paper-Scissors Dear Diary: It is 2 a.m.

Nov 23 (Reuters) - Patagonia Inc, the high-end outdoor clothing retailer, filed a lawsuit accusing Gap Inc (GPS.N) of illegally copying the "iconic" snapped flap pocket it has used on fleece outerwear for more than three decades. In a Tuesday night complaint filed in San Francisco federal court, Patagonia said Gap is willfully and deliberately selling fleece jackets that mimic its flap pocket and rectangular "P-6" logo without permission. The lawsuit includes a one-star review posted online by a Gap customer who called a Gap product an "Obvious Pata*gonia ripoff. Patagonia said it introduced its Snap-T pullover fleece in 1985 and added the flap pocket four years later. The case is Patagonia Inc v Gap Inc, U.S. District Court, Northern District of California, No.

☆ Picasso’s ‘Guitar on a Table,’ Long Held by MoMA, Sells for $37.1 Million at Sotheby’s
▼ + stars: | 2022-11-14 | by ( Kelly Crow | ) www.wsj.com time to read: 1 min

The cubist ‘Guitar on a Table’ was painted by Pablo Picasso in 1919 and acquired by William Paley in 1946. A foundation for CBS founder William Paley has started selling off a trove of masterpieces long lent to New York’s Museum of Modern Art to fund an expansion of the museum’s digital footprint—including a Pablo Picasso that sold Monday for $37.1 million. The sale at Sotheby’s landed a week after Christie’s made auction history selling Microsoft co-founder Paul Allen ’s $1.5 billion art estate. While Mr. Allen’s art stirred up a marketing bonanza, collectors and dealers say they will be seeking clues about the market’s broader strength during these remaining sales in New York’s fall series.

☆ Brian Eno Reveals the Hidden Purpose of All Art
▼ + stars: | 2022-11-14 | by ( David Marchese | ) www.nytimes.com time to read: +19 min

I think I’m still answering it. I’m absolutely fascinated by this question, because I think I have an answer, and I don’t think it has ever been well answered. Since we’re talking about how things work: How do you want your new album to work for people? You have to take that on board as being one of the things that’s happening in culture and quite different from the story that we’re generally hearing. I don’t think many people take that as seriously as I do.

☆ Meet All the 2022 WSJ. Magazine Innovators
▼ + stars: | 2022-11-11 | by ( ) www.wsj.com time to read: 1 min

Magazine celebrated eight trailblazing talents at its annual Innovator Awards, held November 2 at the Museum of Modern Art in New York City. See below to read each honoree’s inspiring story—featuring: Anitta, Jeanne Gang, José Andrés for World Central Kitchen, Maya Rudolph, Jenny Holzer, Anthony Vaccarello, Margot Robbie and Jony Ive. You can find videos about each of the Innovators here, and a recap of the awards gala here.

☆ I'm a professional pumpkin carver whose creations resemble celebrities, famous artwork, and characters like Paddington. They take up to 20 hours to make and can costs thousands.
▼ + stars: | 2022-10-29 | by ( Jenny Powers | ) www.businessinsider.com time to read: +10 min

Marc Evan started Maniac Pumpkin Carvers with his childhood friend after graduating from college. I run Maniac Pumpkin Carvers, which I started in 2008 with my childhood friend Chris Soria after graduating from college. We were really taking a nostalgic pastime like pumpkin carving that we did at home as kids and elevating it into an art form. Courtesy of Maniac Pumpkin CarversWord about us got out after Wired did an article on us in 2009. Courtesy of Maniac Pumpkin CarversThe farmers market Union Square Greenmarket in downtown Manhattan was home base for us for a very long time.

☆ First on CNN: GM investing in mushroom leather startup
▼ + stars: | 2022-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN Business —General Motors’ venture capital arm has invested in a California startup that’s making imitation leather from mushrooms. It could provide an alternative to both traditional leather made from animal skins, usually cattle, and artificial leather made from plastics. The resulting material feels like leather, has similar durability and can be colored using processes that do not involve harmful substances, just as animal-based leather can. Using various processes company representatives declined to discuss, the mycelia are made to interweave as they grow, forming the leather-like material. MycoWorks and GM Ventures both declined to say how much GM Venture is investing.

☆ Leaving New York for Cleveland? Here’s How Far Their Money Went.
▼ + stars: | 2022-10-13 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

Mr. McGlinchey had been to Cleveland only once, years before. “People in the museum world know Cleveland, and know the Cleveland Museum of Art’s quality of programming,” said Ms. Scaturro, 46. So Ms. Scaturro went on her own, renting a house in Shaker Heights, a leafy Cleveland suburb. In Cleveland, house hunting proved more manageable than in New York. Ms. Scaturro, an avid cook, wanted a big kitchen and space for entertaining.

☆ A purchase at a small town sale turned out to be a 'priceless' de Kooning painting stolen in 1985
▼ + stars: | 2022-09-16 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: +8 min

On the morning of Nov. 29, 1985, a couple entered The University of Arizona Museum of Art in Tucson, Arizona. Within minutes, "Woman-Ochre" — a painting by the Dutch-American artist Willem de Kooning — was gone. The University of Arizona Museum of ArtAmong Van Auker's purchase was a painting that hung behind the couple's bedroom door, he told CNBC. Badly damagedOnce the museum took possession of the painting, Miller said, the search was on to find a conservator with the expertise required to repair it. When the painting was returned, it was in "very poor condition," said Laura Rivers, associate paintings conservator for the J. Paul Getty Museum.

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