Leo Hindery

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Leo Hindery, Jr.
Leo Hindery Jr BW Photo.jpg
Born Leo J. Hindery, Jr.
(1947-10-31) October 31, 1947 (age 66)
Tacoma, Washington
Occupation InterMedia Partners
Known for American businessman, Author, Political Activist and Philanthropist
Spouse(s) Patti Wheeler, Wife
Children Robin Hindery, Daughter, Journalist
Relatives Leo, Sr. (father), Marie (mother), Deborah Bailey of Princeton, NJ mother of daughter Robin.

Leo Hindery, Jr. is an American businessman, author, political activist and philanthropist.

Hindery is Managing Partner of InterMedia Partners, a New York-based media industry private equity fund. Until 2004, he was Chairman and Chief Executive Officer of The YES Network, the nation’s largest regional sports network which he founded in 2001 as the television home of the New York Yankees.

He headed Tele-Communications, Inc. (TCI) before it was merged into AT&T Corporation in 1999, when he became CEO of AT&T Broadband. Later, he was briefly interim CEO of GlobalCenter, a dot.com company purchased by Global Crossing. He exited Global Crossing after only seven months and was replaced by then board member and Vice Chairman Thomas Casey. At the time Hindery said, "I have done what I set out to do at Global Crossing -- improve operating management and rationalize operating assets, realize the value of GlobalCenter, and meet or ex ceed quarterly financial goals.".[1] He was the 3rd CEO of Global Crossing in less than three years.

He is a member of the Council on Foreign Relations, and from 2003 through December 2007 was Senate-appointed Vice Chair of the HELP Commission formed by an Act of Congress to improve U.S. foreign assistance. He is a Trustee of The New School University, a Director of the Library of Congress Trust Fund, the Minority Media & Telecommunications Council, The Paley Center for Media and Teach for America, a member of the Board of Visitors of the Columbia University Graduate School of Journalism, and a member of the New America Foundation Leadership Council.

Hindery has written two books.

Hindery now lives in New York City. He is an Seattle University Alum.

Politics[edit]

  • In 2004, his name was floated as a possible successor to Terry McAuliffe as head of the Democratic National Committee.
  • Hindery served as Senior Economic Policy Advisor for presidential candidate John Edwards from December 2006 until February 2008. He is currently acting as an economic advisor to Barack Obama. On the withdrawal of Bill Richardson as nominee for Secretary of Commerce on January 4, 2009 it was suggested that he might be a suitable replacement.[2]
  • On January 30, 2009, it was reported that Hindery's friendship and business partnership with former senator Tom Daschle might cause problems for the latter's Senate confirmation for the position of Secretary of Health and Human Services in the Obama administration. Daschle has been a consultant and advisor to Hindery's InterMedia Partners since 2005, during which time he received from Hindery access to a car and chauffeur. Daschle did not declare this service on his annual tax forms as required by law. (He reportedly paid the three years of owed taxes and interest in January 2009.) According to a Daschle spokeswoman, the former Senator "simply and probably naively considered its use a generous offer" from Hindery, "a longtime friend. On February 3, 2009 Daschle withdrew his nomination."[3][4]

Chicago Cubs[edit]

Hindery was named as one of the finalists in the bidding for the Chicago Cubs in a partnership with private equity investor Marc Utay.[5] The team was eventually sold to a family trust of TD Ameritrade founder J. Joseph Ricketts, with his son Tom operating the team on a daily basis. The Ricketts family live and work in the Chicago, Illinois area.

Motorsport[edit]

He is a keen amateur racing driver, taking part in the 24 Hours of Le Mans 4 times and winning his class in a Porsche 911 GT3-RSR in 2005.

He was also the race promoter for the Grand Prix of America Formula 1 race, which was scheduled to be held at the Port Imperial Street Circuit. The 2013 and 2014 races were cancelled and the future of the event remains unclear. Hindery still believes, however, that the 2014 race will be on the official Formula One calendar although the New Jersey race that had been included on the provisional F1 schedule for 2014 was left off the final 2014 F1 race calendar along with the provisional races in Korea and Mexico.[6][7]

24 Hours of Le Mans results[edit]

Year Team Co-Drivers Car Class Laps Pos. Class
Pos.
2002 United States Orbit Racing United States Peter Baron
United States Anthony Kester
Porsche 911 GT3-RS GT 165 DNF DNF
2003 United States Orbit Racing United States Peter Baron
Germany Marc Lieb
Porsche 911 GT3-RS GT 314 17th 2nd
2004 United States Orbit Racing
United States BAM!
Germany Marc Lieb
Germany Mike Rockenfeller
Porsche 911 GT3-RS GT 223 DNF DNF
2005 United States Alex Job Racing
United States BAM! Motorsport
Germany Marc Lieb
Germany Mike Rockenfeller
Porsche 911 GT3-RSR GT2 332 10th 1st

Books[edit]

Notes[edit]

  1. ^ Thor Olavsrud. "Global Crossing: CEO Hindery is Out, Casey is In". Internet News. Retrieved October 11, 2000. 
  2. ^ Steve Clemons. "Bill Richardson withdraws commerce bid -- time to call Leo Hindery". The Washington Note. Retrieved January 4, 2009. 
  3. ^ Jake Tapper, "Bumps in the road: Obama's HHS secretary nominee faces tax questions over car and driver," ABC News, January 30, 2009 (accessed January 30, 2009).
  4. ^ Jonathan Weisman, "Daschle Paid Back Taxes After Vetting," Wall Street Journal, January 31, 2009. (Accessed January 31, 2009)
  5. ^ Cubs hope for sale by April. Associatead Press, January 14, 2009
  6. ^ "New Jersey expect 2014 slot". SportingLife.com. Retrieved September 17, 2013. 
  7. ^ "New Jersey, Mexico and Korea dropped from 2014 F1 calendar".