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"Founders of succesful businesses, executives, Presidents, CEOs, and General Managers... Gilan, Vocelli Pizza, Unique Settings of New York, Benchmark, Sanli Pastore & Hill, Askew Industrial Corp., Luca Luca, Inseco, Rapid Conn, CAO, Telenity, Bicom, and many other success stories... "

Iranian-Turkish Businessman Seeks Bond in Sanctions Evasion Case

Image WASHINGTON- Lawyers for an Iranian-Turkish national arrested in March on charges of conspiring to evade U.S. sanctions against Iran have asked a federal court to set a $50 million bond for his release until trial. Reza Zarrab is one of three people charged in what prosecutors allege was a five-year scheme involving millions of dollars in transactions on behalf of the Iranian government and businesses. Iran has been under various U.S. economic sanctions since 1979 that bar transactions involving U.S. entities and those related to Iran and its government. Those are different from the more recent sanctions put in place in response to its nuclear program, which were lifted earlier this year.

A Yogurt Mogul and Group of Corporate Funders Band Together for Refugees

Image By Sue-Lynn Moses (insidephilanthropy.com) - Let me know if you’ve heard this one before: With around 60 million people forcibly displaced from their homes due to conflict, the world is currently in the midst of the worst refugee crisis in history. We know—we beat the drum pretty loudly here at IP to bring increased attention to the global refugee crisis—often highlighting those funders that are paying attention and questioning those that aren’t. While most U.S. funders haven’t lifted a finger to help the world’s refugees, there are some notable exceptions—most recently, Tent.org, which offers rapid response grants for immediate refugee relief operations through the $1 million Tent Challenge. Additionally, the organization has managed to bring a group of corporate funders together to take the Tent Pledge.

Goldman Sachs' Executive Buys Turkish Tobacco Baron's Mansion

Image
Morris Schinasi.
The Schinasi Mansion at 351 Riverside Drive the 12,000-square-foot palace William Tuthill designed for a Turkish tobacco baron back in 1909 sold recently for a much-discounted $14M. Now public records have revealed the buyer to be Mark Schwartz, a vice chairman at Goldman Sachs. Schwartz will have to do a significant amount of work on the property, which the prior owners didn't do much with after purchasing it for $325K in 1979.

Chobani CEO Hamdi Ulukaya Isn't Going Anywhere, Says Insider

Image Rumors have been flowing thick and fast around Greek-yogurt maker Chobani of late, as industry watchers have suggested that founder and CEO Hamdi Ulukaya could be headed for the door, to be replaced by an executive with more "operational" expertise. That's all misinformation and speculation, Chief Marketing Officer Peter McGuinness said in an interview with TheStreet. Chobani has grown quickly and is now the No. 1 selling yogurt brand in the U.S., which has led naturally to some inefficiencies. The company recently built its second factory, for example, and it's the largest yogurt-making facility in the world.

Suzer Group and ASRR Buy Madison Avenue Townhouse for $18.5M

ImageAlex Sapir and Rotem Rosen?s Israeli public company, ASRR Capital, along with Suzer Group, the Turkish conglomerate led by the Suzer family, bought a large townhouse at 218 Madison Ave. that will be demolished for a 10-story luxury property. The venture paid $18.5 million for the site at the corner of E. 36th St., according to a report in the Israeli media. The plan of the venture is to develop 10 high-end, full-floor apartments, private underground parking, and a gym and spa for residents along with retail and a restaurant led by an important chef, sources said

Chobani Shuffles Workforce as CEO Seeks Successor

Image Seven months after the Chobani yogurt company acknowledged it was trimming its workforce at its Columbus dairy production facility, the firm has been taking on new employees at the plant, a company spokesman said Thursday. The spokesman, Michael Gonda, said Chobani has hired a total of 75 workers in recent weeks at its plants in Chenango County and Twin Falls, Idaho.

Sierra Nevada Corporation Owners Named in Top 10 Most Influential Turkish-Americans by TurkOfAmerica

Image Sparks, Nev. – May 7, 2014 – TurkOfAmerica magazine has recognized Sierra Nevada Corporation’s (SNC) Chief Executive Officer, Fatih Ozmen, and President,Eren Ozmen in the top 10 Most Influential Turkish-Americans for the couple’s significant contributions to the electronics, aviation and space industries, including for their development of the Dream Chaser® spacecraft. The 50 influential individuals who made the list include Dr. Oz, TV host and renowned cardiologist, Mr. Kent, CEO of Coca Cola and Mr. Ulukaya, founder and CEO of Chobani.

Chobani Secures $750M Investment from TPG

Image NEW BERLIN, N.Y. — Greek yogurt maker Chobani has secured a $750 million investment from investment firm TPG Capital to help fund its growth. The privately held food company said Wednesday that as part of the deal, TPG will have representation on the company's board. Chobani founder and CEO Hamdi Ulukaya will serve as its chairman.

Good Men Never Die

Image Kaya Tuncer, 74, passed away on January 7, 2012 at his Pacific Palisades home after a two-and-a-half-year struggle with stomach cancer and its complications. A resident in Pacific Palisades, CA since 1969, Tuncer was an entrepreneur, philanthropist and mega-builder. He oversaw numerous large construction projects and business ventures throughout the world. The chain of events leading up to Tuncer's greatest achievement' development of one of the world's leading industrial parks' reads like a classic American immigrant success story.
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