Jump to content

Alex Lasry: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Further source on Lasry's dad's role in orange county oil spill
Added a period
Line 28: Line 28:
During his US Senate campaign, Alex has touted his work championing union jobs and a $15 minimum wage with the Bucks.<ref name="takeecredit">{{cite news|last=Murphy|first=Bruce|title= Lasry Misleads Voters On Minimum Wage|url=https://urbanmilwaukee.com/2021/06/08/murphys-law-lasry-misleads-voters-on-minimum-wage/|publisher=Urban Milwaukee|date=June 8, 2021}}</ref><ref name="lasryad">{{cite web|title= Alex Lasry - A Building that Works|url=https://www.youtube.com/watch?v=zNzc_8gU-TA|website=Youtube channel Lasry for Wisconsin|date=November 3, 2021}}</ref> Reports show however that specifics of the deal the Bucks agreed to for public financing said they did not have to institute a universal $15 minimim wage until 2023. As such, the team was still hiring non-union labor at a rate of $12.50 to $14/hr, depending on experience levels and Deer District workers were only earning $10 an hour as of May 2019.<ref>{{Cite tweet |user=compujeramey |number=1528161775723610112 |title=Job fair at @FiservForum on Thursday. Pay starts at $14 per hour. All jobs are part time.}}</ref> <ref>{{Cite web |last=Murphy |first=Bruce |title=Murphy’s Law: Lasry Misleads Voters On Minimum Wage |url=https://urbanmilwaukee.com/2021/06/08/murphys-law-lasry-misleads-voters-on-minimum-wage/ |access-date=2022-06-03 |website=Urban Milwaukee |language=en}}</ref> Further, although he says he is staunchly pro-union in his Senate race advertisements,<ref name="lasryad" /> and has touted his support of Amazon union efforts,<ref>{{Cite tweet |user=AlexLasryWI |number=1509935604250779651 |title=BREAKING: It’s official, we have the 1st unionized Amazon warehouse in the country!}}</ref> he continues to hold and make profit from substantial stocks in Amazon, and has refused to sell them.<ref>{{cite news|last=Bice|first=Daniel|title= Bice: Wisconsin's Democratic U.S. Senate candidates criticize Amazon, but still own its stock or rely on it in other ways|url=https://www.jsonline.com/story/news/investigations/daniel-bice/2022/04/25/bice-dems-dont-drop-amazon-despite-criticizing-anti-union-efforts/7414017001/|publisher=Milwaukee Journal Sentinel|date=April 25, 2022|access-date=April 25, 2022}}</ref><ref name="statement" />
During his US Senate campaign, Alex has touted his work championing union jobs and a $15 minimum wage with the Bucks.<ref name="takeecredit">{{cite news|last=Murphy|first=Bruce|title= Lasry Misleads Voters On Minimum Wage|url=https://urbanmilwaukee.com/2021/06/08/murphys-law-lasry-misleads-voters-on-minimum-wage/|publisher=Urban Milwaukee|date=June 8, 2021}}</ref><ref name="lasryad">{{cite web|title= Alex Lasry - A Building that Works|url=https://www.youtube.com/watch?v=zNzc_8gU-TA|website=Youtube channel Lasry for Wisconsin|date=November 3, 2021}}</ref> Reports show however that specifics of the deal the Bucks agreed to for public financing said they did not have to institute a universal $15 minimim wage until 2023. As such, the team was still hiring non-union labor at a rate of $12.50 to $14/hr, depending on experience levels and Deer District workers were only earning $10 an hour as of May 2019.<ref>{{Cite tweet |user=compujeramey |number=1528161775723610112 |title=Job fair at @FiservForum on Thursday. Pay starts at $14 per hour. All jobs are part time.}}</ref> <ref>{{Cite web |last=Murphy |first=Bruce |title=Murphy’s Law: Lasry Misleads Voters On Minimum Wage |url=https://urbanmilwaukee.com/2021/06/08/murphys-law-lasry-misleads-voters-on-minimum-wage/ |access-date=2022-06-03 |website=Urban Milwaukee |language=en}}</ref> Further, although he says he is staunchly pro-union in his Senate race advertisements,<ref name="lasryad" /> and has touted his support of Amazon union efforts,<ref>{{Cite tweet |user=AlexLasryWI |number=1509935604250779651 |title=BREAKING: It’s official, we have the 1st unionized Amazon warehouse in the country!}}</ref> he continues to hold and make profit from substantial stocks in Amazon, and has refused to sell them.<ref>{{cite news|last=Bice|first=Daniel|title= Bice: Wisconsin's Democratic U.S. Senate candidates criticize Amazon, but still own its stock or rely on it in other ways|url=https://www.jsonline.com/story/news/investigations/daniel-bice/2022/04/25/bice-dems-dont-drop-amazon-despite-criticizing-anti-union-efforts/7414017001/|publisher=Milwaukee Journal Sentinel|date=April 25, 2022|access-date=April 25, 2022}}</ref><ref name="statement" />


While running for US Senate, Alex received an extension in May 2022 to not disclose his financial assets until after the Wisconsin Democratic Senate Primary in August 2022. <ref>{{Cite web |last=Journal |first=Alexander Shur {{!}} Wisconsin State |title=Millionaire Alex Lasry gets extension, won't have to disclose assets until after August primary |url=https://madison.com/news/local/govt-and-politics/millionaire-alex-lasry-gets-extension-wont-have-to-disclose-assets-until-after-august-primary/article_96b21fe8-d695-586f-afbf-cf1e119d0ebe.html |access-date=2022-06-02 |website=madison.com |language=en}}</ref> The move led to scrutiny from his primary opponents and Wisconsin political figures. <ref>{{Cite web |last=Cieslewicz |first=Dave |date=2022-05-28 |title=Dog eats Lasry's homework |url=https://isthmus.com/api/content/9abf7f36-dd1f-11ec-ba3a-12274efc5439/ |access-date=2022-06-02 |website=Isthmus {{!}} Madison, Wisconsin |language=en-us}}</ref> His 2021 filing showed large investments in companies such as BlackRock, Lockheed Martin, and Chevron. <ref name="statement">{{Cite web |title=Candidate Report filed by Alex Lasry - Senate Financial Disclosures |url=https://sec.report/Senate-Stock-Disclosures/Lasry/Alex/c93df5aa-8330-4d51-8425-23fc14ecb346 |access-date=2022-06-02 |website=sec.report}}</ref> Alex's father Marc is the largest shareholder of Amplify Energy, an energy company responsible for an October 2021 oil spill in Orange County, California. Amplify was charged by a federal grand jury in December 2021 for criminal negligence in connection with their role in the oil spill. The roughly 25,000 gallons oil spill was “in a quantity that may be harmful to the public health, welfare and environment of the United States,” according to the charges. It also has "renewed calls for the government to take more aggressive action against the aging oil platforms and the infrastructure that dot the Southern California coast", according to the Los Angeles Times<ref>{{Cite web |last=Winton |first=Richard |date=2021-12-16 |title=Amplify Energy and subsidiaries charged with negligence in Orange County oil spill |url=https://www.latimes.com/california/story/2021-12-15/orange-county-oil-spill-companies-charged |access-date=2022-06-02 |website=Los Angeles Times |language=en-US}}</ref> <ref>{{Cite web |last=Lahiri |first=Tripti |title=Hedge fund investor Marc Lasry’s tough week just got a lot worse |url=https://qz.com/2068647/who-invests-in-amplify-which-caused-huntington-beach-oil-spill/ |access-date=2022-06-02 |website=Quartz |language=en}}</ref>
While running for US Senate, Alex received an extension in May 2022 to not disclose his financial assets until after the Wisconsin Democratic Senate Primary in August 2022. <ref>{{Cite web |last=Journal |first=Alexander Shur {{!}} Wisconsin State |title=Millionaire Alex Lasry gets extension, won't have to disclose assets until after August primary |url=https://madison.com/news/local/govt-and-politics/millionaire-alex-lasry-gets-extension-wont-have-to-disclose-assets-until-after-august-primary/article_96b21fe8-d695-586f-afbf-cf1e119d0ebe.html |access-date=2022-06-02 |website=madison.com |language=en}}</ref> The move led to scrutiny from his primary opponents and Wisconsin political figures. <ref>{{Cite web |last=Cieslewicz |first=Dave |date=2022-05-28 |title=Dog eats Lasry's homework |url=https://isthmus.com/api/content/9abf7f36-dd1f-11ec-ba3a-12274efc5439/ |access-date=2022-06-02 |website=Isthmus {{!}} Madison, Wisconsin |language=en-us}}</ref> His 2021 filing showed large investments in companies such as BlackRock, Lockheed Martin, and Chevron. <ref name="statement">{{Cite web |title=Candidate Report filed by Alex Lasry - Senate Financial Disclosures |url=https://sec.report/Senate-Stock-Disclosures/Lasry/Alex/c93df5aa-8330-4d51-8425-23fc14ecb346 |access-date=2022-06-02 |website=sec.report}}</ref> Alex's father Marc is the largest shareholder of Amplify Energy, an energy company responsible for an October 2021 oil spill in Orange County, California. Amplify was charged by a federal grand jury in December 2021 for criminal negligence in connection with their role in the oil spill. The roughly 25,000 gallons oil spill was “in a quantity that may be harmful to the public health, welfare and environment of the United States,” according to the charges. It also has "renewed calls for the government to take more aggressive action against the aging oil platforms and the infrastructure that dot the Southern California coast", according to the Los Angeles Times.<ref>{{Cite web |last=Winton |first=Richard |date=2021-12-16 |title=Amplify Energy and subsidiaries charged with negligence in Orange County oil spill |url=https://www.latimes.com/california/story/2021-12-15/orange-county-oil-spill-companies-charged |access-date=2022-06-02 |website=Los Angeles Times |language=en-US}}</ref> <ref>{{Cite web |last=Lahiri |first=Tripti |title=Hedge fund investor Marc Lasry’s tough week just got a lot worse |url=https://qz.com/2068647/who-invests-in-amplify-which-caused-huntington-beach-oil-spill/ |access-date=2022-06-02 |website=Quartz |language=en}}</ref>


In a campaign ad, Lasry has said he "will finally stand up to [[China]]" if elected.<ref name="lasrychinaad">{{cite web |date=January 18, 2022 |title=Lasry for Wisconsin - Here's an Idea (Captioned) |url=https://www.youtube.com/watch?v=PZ1G6dbAiuk}}</ref> According to his most recent filings, Lasry presently holds and profits from between $100,000 and $200,000 in corporate securities stock in Chinese tech companies [[Tencent]] and [[Alibaba Group|Alibaba]] and also has investments in [[Inditex]] and [[Seagate Technology]], which have been accused of profiting off forced labor in [[Xinjiang]], and Chindata, a China company that has been active in China's [[Belt and Road Initiative]].<ref name="statement" />
In a campaign ad, Lasry has said he "will finally stand up to [[China]]" if elected.<ref name="lasrychinaad">{{cite web |date=January 18, 2022 |title=Lasry for Wisconsin - Here's an Idea (Captioned) |url=https://www.youtube.com/watch?v=PZ1G6dbAiuk}}</ref> According to his most recent filings, Lasry presently holds and profits from between $100,000 and $200,000 in corporate securities stock in Chinese tech companies [[Tencent]] and [[Alibaba Group|Alibaba]] and also has investments in [[Inditex]] and [[Seagate Technology]], which have been accused of profiting off forced labor in [[Xinjiang]], and Chindata, a China company that has been active in China's [[Belt and Road Initiative]].<ref name="statement" />

Revision as of 15:03, 3 June 2022

Alex Lasry
Born (1987-07-15) July 15, 1987 (age 37)
New York City
NationalityAmerican
EducationUniversity of Pennsylvania (BA)
New York University (MBA)
Occupation(s)Businessowner,Politican
SpouseLauren Lasry
Parent

Alex Lasry (born July 15, 1987) is an American businessperson and co-owner of the NBA's Milwaukee Bucks. He is the son of billionaire businessman and owner of the Milwaukee Bucks, Marc Lasry. He is now running as a Democrat in the 2022 United States Senate election in Wisconsin.

Early life and education

Alex was born in New York City to Marc and Cathy Lasry. Lasry's father, Marc Lasry, immigrated to the US when he was 7 years old from Morocco and grew up in Long Island. Alex graduated from Trevor Day School and then went on to graduate Cum Laude with honors in Political Science from the University of Pennsylvania in 2009 and receive his M.B.A from the New York University Leonard Stern School of Business in 2014.[1]

Career

Lasry worked in the White House during Obama Administration from 2009 to 2012.[2] He went on to become Special Assistant to the Chief of Staff to Senior Advisor Valerie Jarrett, and then Deputy Counselor for Strategic Engagement to the Senior Advisor where he worked on business outreach and the Jobs Council.[1]

After receiving his M.B.A in 2014, Lasry moved to Milwaukee when his family purchased the Milwaukee Bucks, to serve as the team's Senior Vice president.[3] Since joining the Bucks, Lasry has been a leader in the team's transformation into one of the premier NBA franchises, serving on the team's management committee.[4]

After he joined the Bucks, the franchise asked for $250 million in public funding to build their new arena, with plans to move the team to Las Vegas or Seattle if they did not receive this level of public financing.[5][6] By cutting 250 million from the budget of the University of Wisconsin system, a deal was made between Wisconsin state government and the Milwaukee Bucks to build Fiserv Forum, the team's new arena.[7][6] The deal required 40% of workers on the project to consist of people underemployed or unemployed for previous 5 years and at least 25% of service contracts to awarded to minority and disadvantaged businesses. Under Lasry's leadership, the Bucks surpassed their goals with 43% and 30% respectively.[8] In order to get the deal through State legislature with needed votes from Democrats, the Bucks had to agree to negotiate with the unions and support the idea of a $15 wage.[9] Despite efforts to place himself at the center of negotiations, Democratic State Senator Chris Larson says "Alex Lasry was not involved" in the process and that negotiations with Democrats on the promises to work with unions and pay good wages all happened with Bucks team president Peter Feigin. [10] With interest over 20 years, the deal will cost 400 million dollars in the end[11] and the value of the Milwaukee Bucks has now more than tripled to $1.9 billion from the original $550 million.[12]

During his US Senate campaign, Alex has touted his work championing union jobs and a $15 minimum wage with the Bucks.[13][14] Reports show however that specifics of the deal the Bucks agreed to for public financing said they did not have to institute a universal $15 minimim wage until 2023. As such, the team was still hiring non-union labor at a rate of $12.50 to $14/hr, depending on experience levels and Deer District workers were only earning $10 an hour as of May 2019.[15] [16] Further, although he says he is staunchly pro-union in his Senate race advertisements,[14] and has touted his support of Amazon union efforts,[17] he continues to hold and make profit from substantial stocks in Amazon, and has refused to sell them.[18][19]

While running for US Senate, Alex received an extension in May 2022 to not disclose his financial assets until after the Wisconsin Democratic Senate Primary in August 2022. [20] The move led to scrutiny from his primary opponents and Wisconsin political figures. [21] His 2021 filing showed large investments in companies such as BlackRock, Lockheed Martin, and Chevron. [19] Alex's father Marc is the largest shareholder of Amplify Energy, an energy company responsible for an October 2021 oil spill in Orange County, California. Amplify was charged by a federal grand jury in December 2021 for criminal negligence in connection with their role in the oil spill. The roughly 25,000 gallons oil spill was “in a quantity that may be harmful to the public health, welfare and environment of the United States,” according to the charges. It also has "renewed calls for the government to take more aggressive action against the aging oil platforms and the infrastructure that dot the Southern California coast", according to the Los Angeles Times.[22] [23]

In a campaign ad, Lasry has said he "will finally stand up to China" if elected.[24] According to his most recent filings, Lasry presently holds and profits from between $100,000 and $200,000 in corporate securities stock in Chinese tech companies Tencent and Alibaba and also has investments in Inditex and Seagate Technology, which have been accused of profiting off forced labor in Xinjiang, and Chindata, a China company that has been active in China's Belt and Road Initiative.[19]

Lasry received his COVID vaccine at the time when only old people were eligible for shots in Wisconsin and was accused of cutting in line due to this, although he says he got it through family connection and the shot was going to go to waste if not used right away.[25] [26] He has also been accused of being out of touch with Wisconsin voters during his senate campaign because he admitted that when he moved to Milwaukee in 2014 when his Dad bought the Milwaukee Bucks that he was suprised to find Milwaukee was a "normal" city with bars and restaurants. [27] His campaign also seemingly confused Milwaukee with Chicago in an ad.[28]

Personal life

Alex Lasry lives in Milwaukee with his wife, Lauren who is the Chief of Staff for Planned Parenthood Wisconsin. They have a daughter.

References

  1. ^ a b Alex Lasry
  2. ^ Rovito, Rich (November 7, 2018), "Bucks VP Alex Lasry Chats About His Bid to Bring the Democratic National Convention to Milwaukee", Milwaukee
  3. ^ Gallagher, Kathleen (April 16, 2014), "Milwaukee Bucks' new owners manage billions of dollars in investments", Milwaukee Journal Sentinal
  4. ^ "Milwaukee Bucks draw on region's history for new logo", Sports Illustrated, April 13, 2015
  5. ^ Kass, Mark (July 6, 2015). "Bucks' Feigin: If arena deal not approved, NBA will move team to 'Las Vegas or Seattle'". Milwaukee Business Journal. Retrieved October 3, 2015.
  6. ^ a b Powell, Michael (August 14, 2015). "Bucks' Owners Win, at Wisconsin's Expense". New York Times. Retrieved August 14, 2015.
  7. ^ Price, Satchel (July 15, 2015). "Wisconsin State Senate Reaches Deal To Help Fund Milwaukee Bucks' New Arena". SB Nation. Retrieved October 3, 2015.
  8. ^ Jannene, Jeramey (November 20, 2019). "Bucks Beat Hiring Targets on Fiserv Forum". Urban Milwaukee.
  9. ^ Kirchen, Rich (October 16, 2017). "Bucks believe their $15 wage-goal can be model". The Business Journals.
  10. ^ Murphy, Bruce. "Murphy's Law: Lasry Misleads Voters On Minimum Wage". Urban Milwaukee. Retrieved 2022-06-03.
  11. ^ Associated Press. "Assembly approves Bucks arena deal at $250M cost to taxpayers". ESPN. ESPN Enterprises. Retrieved 29 March 2021.
  12. ^ "#17 Milwaukee Bucks". Forbes. Forbes Media. Retrieved 29 March 2021.
  13. ^ Murphy, Bruce (June 8, 2021). "Lasry Misleads Voters On Minimum Wage". Urban Milwaukee.
  14. ^ a b "Alex Lasry - A Building that Works". Youtube channel Lasry for Wisconsin. November 3, 2021.
  15. ^ @compujeramey (May 21, 2022). "Job fair at @FiservForum on Thursday. Pay starts at $14 per hour. All jobs are part time" (Tweet) – via Twitter.
  16. ^ Murphy, Bruce. "Murphy's Law: Lasry Misleads Voters On Minimum Wage". Urban Milwaukee. Retrieved 2022-06-03.
  17. ^ @AlexLasryWI (April 1, 2022). "BREAKING: It's official, we have the 1st unionized Amazon warehouse in the country!" (Tweet) – via Twitter.
  18. ^ Bice, Daniel (April 25, 2022). "Bice: Wisconsin's Democratic U.S. Senate candidates criticize Amazon, but still own its stock or rely on it in other ways". Milwaukee Journal Sentinel. Retrieved April 25, 2022.
  19. ^ a b c "Candidate Report filed by Alex Lasry - Senate Financial Disclosures". sec.report. Retrieved 2022-06-02.
  20. ^ Journal, Alexander Shur | Wisconsin State. "Millionaire Alex Lasry gets extension, won't have to disclose assets until after August primary". madison.com. Retrieved 2022-06-02.
  21. ^ Cieslewicz, Dave (2022-05-28). "Dog eats Lasry's homework". Isthmus | Madison, Wisconsin. Retrieved 2022-06-02.
  22. ^ Winton, Richard (2021-12-16). "Amplify Energy and subsidiaries charged with negligence in Orange County oil spill". Los Angeles Times. Retrieved 2022-06-02.
  23. ^ Lahiri, Tripti. "Hedge fund investor Marc Lasry's tough week just got a lot worse". Quartz. Retrieved 2022-06-02.
  24. ^ "Lasry for Wisconsin - Here's an Idea (Captioned)". January 18, 2022.
  25. ^ Bice, Daniel (January 29, 2021). "Bice: 33-year-old Bucks exec Alex Lasry got COVID-19 vaccine, says he was 'lucky' to jump line". Milwaukee Journal Sentinel. Retrieved January 29, 2021.
  26. ^ Richmond, Tom (January 29, 2021). "33-year-old Bucks exec. Alex Lasry gets COVID vaccine early". ABC News. Retrieved January 29, 2021.
  27. ^ Grim, Ryan (February 21, 2021). "SON OF WALL STREET MOGUL RUNNING FOR WISCONSIN SENATE SEAT WAS PLEASANTLY SURPRISED MILWAUKEE IS A NORMAL CITY". The Intercept. Retrieved February 21, 2021.
  28. ^ @DanielBice (December 28, 2011). "Yes, that's a picture of Chicago, not Milwaukee" (Tweet) – via Twitter.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Alex_Lasry&oldid=1091318592"