Steve Feinberg

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Stephen A. Feinberg (March 29, 1960 - ) is an American businessman active in the field of private equity. He is the founder and head of Cerberus Capital Management.

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[edit] 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 in New Jersey, graduating with a degree in politics in 1982. While there, he captained the tennis team and joined the Reserve Officer Training Corps, but did not have a lot of friends on account of his intense privacy.

[edit] 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.

[edit] Personal

Feinberg is a very private person. Despite his considerable personal wealth (Feinberg reportedly made $50 million in 2004) he does not indulge in luxury.[1] He lives on Manhattan's Upper East Side with his wife Gisela and their three daughters.

His hobbies include game hunting, chess, skiing, and riding his Harley-Davidson motorcycle. Steve and Gisela Feinberg are prolific donors to the Republican Party and related organizations. Former Republican Vice President of the United States Dan Quayle works for Cerberus as Chairman of Global Investments and former United States Secretary of Defense Donald Rumsfeld is a client.

[edit] Sources

[edit] Notes

  1. ^ "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
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