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Thomas Fahr Steyer born June 27, is an American hedge fund manager, philanthropistenvironmentalistliberal activist, and fundraiser. Steyer is the founder and former co-senior-managing-partner of Farallon Capital and the co-founder of Onecalifornia Bank, which became through merger Beneficial State Bankan Oakland—based community development bank.
The firm's institutional investors include college endowments and foundations. InSteyer and his wife signed The Giving Pledge to donate half of their fortune to charity Living 4 The City - Various - Energy 2013 their lifetime. Inhe sold his stake in and retired from Farallon Capital.
Switching his focus to politics and the environment, he launched NextGen Americaa nonprofit organization that supports progressive positions on climate change, immigration, health care, and education. Steyer served on the board of trustees at Stanford University from to Tom Steyer was born in in Manhattan. He was captain of the Yale College soccer team. After graduation from Yale, Steyer began his professional career at Morgan Stanley in In OctoberSteyer stepped down Living 4 The City - Various - Energy 2013 his position at Farallon in order to focus on advocating for alternative energy.
InSteyer and Taylor founded Beneficial State Banka community development bankfor the purpose of providing commercial banking services to underserved Bay Living 4 The City - Various - Energy 2013 businesses, nonprofits, and individuals, with operations now in California, Oregon, and Washington. Its stock ownership is entirely held by a foundation such that all profits are reinvested in local communities.
The pledge urges individuals and families to give at least half their wealth to charitable causes during their lifetime. InSteyer founded NextGen Climate, an environmental advocacy nonprofit and political action committee. InSteyer worked on Walter Mondale 's presidential campaign. An early supporter of Hillary Clinton inHard To Handle - Various - Heavy Dancing became one of Barack Obama 's most prolific fundraisers.
Steyer served as a delegate to the Democratic National Conventions in and After the Obama victory inSteyer was considered for appointment as Secretary of Treasury. Jim Steyer, Tom's brother, told Men's Journal that Obama and his advisors would regret having chosen someone else, due to his expertise. Steyer has been compared and contrasted with the Koch brothersbillionaire businessmen who engage in extensive political Silver - Woods Of Ypres - Woods 5: Grey Skies & Electric Lightand has been viewed as a Koch adversary, although Steyer's total reported net worth is but a small fraction of that of the Koch brothers or other billionaire political activists, donors, and fundraisers such as Michael Bloomberg and George Soros.
InSteyer was the leading sponsor of Proposition 39 on the ballot in California. Its purpose was to close a loophole that allowed multi-state corporations to pay taxes out of state, mandating that they pay in California. While supporters of Steyer's effort said it would "help break the partisan gridlock in Sacramento", critics objected that "the increasing involvement of rich individuals perverts the original intent of the initiatives". Kim Alexander, president of the California Voter Foundation, said that the level of giving was unprecedented for an individual donor.
InSteyer hosted a fundraiser at his home for President Obama. At a private meeting, Steyer, along with fifteen other Somewhere, My Love - Various - Legendary Performers donors, reportedly pressed the president regarding the Keystone pipelinewhich Steyer opposed.
Obama was said to be supportive of Steyer's views, but reluctant to put his full weight behind any initiatives without better proof. Steyer was critical of Obama's decision to keep an energy initiative as a low priority.
Steyer gave a speech at the Democratic National Convention saying that the election was "a choice about whether to go backward or forward. And that choice is especially stark when it comes to energy". Steyer said that Republican presidential nominee Mitt Romney would take no action to reduce U. Steyer went on to support Obama's policies, which he described as investments to "make us Various - Rupture / Freek Like Me independent and create thousands of jobs.
McKibben asked Steyer to join the protest by tying himself to the White House gate and getting arrested, but Steyer was dissuaded by his brother Living 4 The City - Various - Energy 2013. InSteyer funded political campaigns to advocate for the election of at least nine candidates and to influence climate change policy through NextGen Climate.
Steyer supported Democrat Terry McAuliffe 's successful campaign for governor of Virginia through his NextGen Climate Action, contributing funds for paid media such as television advertisements Lost In Translation - André Canniere Group - Forward Space get-out-the-vote efforts.
In JuneSteyer said he planned to get involved in California legislative races, targeting three to four races in each house of the Legislature in a bid to affect climate change policy. Of the seven Senate and gubernatorial candidates NextGen Climate supported, three won their races. In AprilSteyer testified before the California Legislature in favor of a greenhouse-gas reduction bill. It was suggested that this was a strategic move to secure a political alliance with Clinton.
Steyer raised money for Hillary Clinton and hosted a fundraiser on her behalf at his Burlingame home. The Need to Impeach campaign led to speculation that Steyer was planning a run for California governor or California senator inalthough he did not do so. Steyer stepped down from his role as President at Need to Impeach in July when he announced his Presidential campaign.
Steyer said Need to Impeach will continue under new leadership and named Nathaly Arriola, as the new Executive Director. Inthe 4 reported that Steyer is "keeping alive a possible bid for governor in I thought Hillary [Clinton] would win.
But I wanted to get the facts before I made a decision. My thinking has changed. We're in a very tough spot. And I'm damned if I'm not going to fight about it. Steyer's presidential campaign began on July 9,when he stated that he would be running in the Democratic primaries in an online campaign Living 4 The City - Various - Energy 2013 posted to Twitter. On August 13,Steyer announced that his campaign had reachedindividual The Model - Various - Electric Dreams, one of two requirements for entry into 2Pac - Better Dayz September Democratic debate.
Although Steyer missed the September Democratic debate, on September 8,he reached both the polling and donor threshold needed to qualify for the October debate. After holding several conversations during the summer of with environmental Lola - Andy Taylor - Lola Bill McKibbenSteyer Living 4 The City - Various - Energy 2013 to focus much of his attention on the Keystone Pipeline.
The investments included stock in Kinder Morganwhich had its own pipeline connecting the Canadian bitumen sands to a port on the Pacific, which could be seen as a rival to the Keystone pipeline. Steyer promised to fully unload his holdings there within a year. In a November interview, Steyer described the Obama administration's decision to reject the Keystone pipeline as "fantastic". Part of the Precourt Institute of Energyit is focused on the development of affordable renewable energy technologies, and promotion of public policies to make renewable energy more accessible.
Projects included the creation of lighter, less toxic, and more durable batteriesand an analysis of the then-current power grids capacities to support future renewable energy technologies. Bloomberg, Paulson, and Steyer serve as co-chairs. The goal of the coalition is to jumpstart the demand and availability of green energy sources.
Steyer opposes Medicare for Allbut supports expanding coverage. Regarding gun controlSteyer supports a ban on assault weapons and universal background checks. Asked in a November interview why he invests his money into elections rather than philanthropic organizations, Steyer stated that the price of inaction is too high not to take a direct role. FECthe Supreme Court decision allowing unlimited corporate donations to super PACs, but since climate change is urgent he will take necessary actions to provide funding nonetheless.
In an interview in OctoberSteyer said that he was in favor of raising personal taxes. He said that upper-income people in the United States had done "disproportionately well" at the expense of working families.
In Novemberin a full-page USA Today ad, Steyer outlined five non-partisan issue areas on which he said the Democrats should campaign, and which "represent essential freedoms that should be guaranteed for all Americans": voting rights protections, a clean environment, a complete education, a living wage, and good health.
In August he married Kathryn Ann Taylor. She is a graduate of Harvard College and earned Living 4 The City - Various - Energy 2013. In his late 30s, Steyer had "a revelation" and began an involvement in the Episcopal Churchthe religion of his mother his father was a non-practicing Jew. The new interest reportedly galvanized his political advocacy. InSteyer received two suspicious packages from convicted mail bomber Cesar Sayoc.
From Wikipedia, the free encyclopedia. American billionaire philanthropist and former hedge fund manager. Kat Taylor m. Retrieved December 2, Retrieved July 23, San Francisco Chronicle.
Retrieved July 9, NextGen Climate. Archived from the original on May 5, Retrieved May 8, The New York Times. Stanford University. Retrieved October 28, February 15, Stanford News.
Retrieved August 11, Men's Journal. Retrieved June 13, Marquis-Who's Who. Retrieved September 2, Stanford Graduate School of Business. Retrieved October 20, September 21, November 3, New York Post.
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