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Saul Steinberg

AKA Saul Phillip Steinberg

Born: 1939

Gender: Male
Religion: Jewish
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business

Nationality: United States
Executive summary: Ex-CEO of Reliance Group Holdings

Founded a business to lease IBM computers in the 1960s, Leasco, and leveraged the stock from this into bank loans to acquire Reliance Insurance, a company founded in 1917. Steinberg considered acquiring Chemical Bank but did not actually make an attempt to do so. He did, however, make serious attempts to acquire Disney, but was fended off by poison pills and a $60M "greenmail" payment, for which he was the subject of a subsequent Disney shareholder lawsuit. Writing policies cheaply grew his Reliance business very quickly, but the company was unable to fulfill them in the long-term, causing its spectacular bankruptcy.

Brother: Robert M. Steinberg
Daughter: Laura Steinberg (m. Jonathan Tisch son of Preston Tisch)
Son: Jonathan Steinberg (m. Maria Bartiromo)
Wife: Gayfryd (wife #3)

    University: Wharton School, University of Pennsylvania (1959)
    Administrator: Overseer, Wharton School, University of Pennsylvania
    Administrator: Overseer, Cornell University Medical College

    Reliance Group Holdings CEO (1968-2000)
    Telemundo Group CEO (1990-92)
    Telemundo Group President (1990-91)
    Reliance Capital Group
    Member of the Board of Reliance Group Holdings (1968-2000)
    Member of the Board of Symbol Technologies
    Member of the Board of Telemundo Group (as Chairman, 1987-)
    Member of the Board of Zenith National Insurance
    Democratic Senatorial Campaign Committee
    Friends of Giuliani Exploratory Committee
    George W. Bush for President
    New York Public Library Trustee
    Partnership for New York City Board of Directors
    Stroke


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