A company founded by Robert Brown, a candidate for one of the three vacant seats on the FAMU Board of Trustees, has two contracts with FAMU. Mr. Brown's company B&C Associates has current contracts with the FAMU Foundation and the FAMU Office of Alumni Affairs. Both contracts were signed early last year.Rattler Nation has learned that the FAMU Foundation signed a contract with Robert Brown's B&C Associates after FAMU VP for University Relations and Foundation Executive Director Ron "GI" Joe flew to North Carolina twice last year to meet with B&C. With Joe solidly backing B&C, they were paid to help FAMU raise $10 million.
The B&C contract drew the ire of several foundation staffers who question Joe's "fervor" in hiring "these rookies" to raise funds. RN's tippers with knowledge of the B&C/FAMU Foundation contract described the contract only as "lucrative" and said that B&C has already been paid in full and not a dime has been raised.
RN isn't sure of the nature of B&C's contract with the FAMU Office of Alumni Affairs.
To his credit, Mr. Brown was very upfront about both contracts mentioning them on his application to serve on the Board.
The Florida Board of Governors will meet tomorrow in Orlando to interview the five folks vying for the three vacant trustee positions.
Also see: BOG to interview FAMU Board Candidates
BOG hiding FAMU candidates background
Finally candidates backgrounds made public
I like Col. Joe in his former capacity interfacing with the students. I question his experience in raising funds. Our current situation is such that we need experts. This is FAMU not TrainU
ReplyDeleteFolks this guy is another consultant that milked the university with the help of Joe and Manning.
ReplyDeleteThe foundation over spent their operation budget by at least $6M with the assistance of Brown (lucrative contracts) and Jones (audit chair).
Does this mean that he can not be a "good" board member? Call me naiive, but we can not have people on the Board that we do business with? Won't you find similar situations on other Boards?
ReplyDeleteRobert Brown isn't even a college grad. So you do the math. He seems to be more like a fast talking huckster in the J.R.E. Lee III mold.
ReplyDeleteThere are outstanding people who are notcollege graduates. Bill Gates of Microsoft is one of them. Let's not be condescending to assume only college graduates have somethign to offer. If you review his full application you see he is well connected--Wayne Huzienga of Blockbuster fame.
ReplyDeleteNot to defend him, but let the process roll.
Robert Brown isn't Bill Gates!
ReplyDeleteThese men are no "Bill Gates"!
ReplyDeleteKarl E. White is the most qualified! FAMU Needs a wall street background & someone with board experience at a successful university i.e. his UMASS Experience! We need the RattlerNation community to mass email the BOG and push his nomination! Buddy Fletcher founder of Fletcher Asset Management where Karl is the Chief Investment Officer gave 50 Million to Howard! We can begin to get Wall Street donors at FAMU!!!!! He is also alumni! Rattlers very critical nominee in Karl E. White!!! He needs our support right now!
ReplyDeleteEndowments pay a 5% return to the investor. 50Million @ 5% is 2.5 Million a year for generations and its tax-deductible- has nothing to do with the school more with the Asset Management company i.e. Smith Barney, Merrill Lynch. We have the opportunity to bring an African American Investment Bank to provice diversity. To have a well-known african american wall street investment bank providing oversight to the foundation & school's budget it can bring credibility back to FAMU. There is no one on the BOT with a Wall Street background that understands finance. FAMU is still the crown jewel of HBCUs-Black Enterprise #1 college for African Americans. Whoever gets the credit for turning FAMU around will position themselves as a national leader with global influence. Just want investment bankers need! The problem with the Board of Trustees is that there was no real incentive for the school to work. Their careers for the most part did not hinge on the school being successful. Karl E. White is the 1st candidate where a successful tenure as a FAMU BOT leading a turnaround of the school's finances will add another dimension to his career. There has to be a motivating factor other than just loving FAMU to get talented & connected alumni to want to invest their careers into the institution.
8:20-I don't think anything is per se, wrong with Brown being on the BOT while he has contracts with the university. But, it has the appearance of impropriety and he would have to abstain from voting on issues that deal with his contracts. So, for those reasons, I would not want him on the Board. I think there are are other more sufficient choices (i.e White, Dent, Shannon)that can be made.
ReplyDeleteKarl E. White Keynote Speaker as one of the hedge fund industry's top fund managers at GAIM USA 2007 Boca Raton, FL January 22-24 2007.
ReplyDeleteJust look at the participants: The VIP of Wall Street! Lets get one of our own on the BOT to turn our university's finances around!
http://www.gaimusa.com/c_speakers.php
RATTLERS LETS GET THE ONLY BOT NOMINEE/MEMBER WITH WALL STREET FINANCE EXPERIENCE- OUR OWN FAMU ALUMNI KARL E. WHITE!
GAIM USA 2007 Speakers
The GAIM USA 2007 speaker faculty will once again represent the "who's who" of the hedge fund industry.
Keynote Speakers
Robert L. Chapman, Jr.: Managing Member - Chapman Capital LLC
Todd Groome: Director, Financial Markets Stability - International Monetary Fund (IMF)
Arthur Pergament: Managing Partner - Pergament Capital Advisors
Wilbur L. Ross, Jr.: Chairman and CEO - WL Ross & Co. LLC
Thomas E. Sandell: Chief Executive Officer - Sandell Asset Management Corp.
Pete Schendel: Partner - Good Hill Partners
Stu Schweitzer: Global Market Strategist - JP Morgan
Brandon Stranzel: Managing Partner - BGS Value Fund
Daniel Zwirn: Managing Partner & Founder - D.B. Zwirn & Co., L.P.
Major Allocators
Rajiv Bahl: SVP Portfolio & Risk Management - FRM Americas LLC
Bradley R. Balter: CFA, Portfolio Manager and Partner - The Cue Ball Group
Anson H. Beard: Managing Director - BlackRock
Reid Bernstein: Chief Executive Officer - OneCapital Management Partners, LLC
Kam Chang: Fund Manager - General Motors Asset Management
Felix P. Chee: President & Chief Executive Officer - University of Toronto Asset Management
Thomas Dobler: Head of Global Tactical Trading (GTT) - Goldman Sachs & Co.
Nancy Donahue: Former Vice President for External Management - Harvard Management Company
Jeremy Ellermeyer: Director, Alternative Investments - High Return Group - Metlife
Simon Fludgate: CFA, CPA, Principal - Aksia Research & Management LLC
Bruce R. Galloway: Managing Partner - Strategic Turnaround Equity Partnership (STEP) Fund
Adam Geiger: Chief Investment Officer - Ivy Asset Management
Jonathan Glidden: CFA, Manager of Investment Analysis - Emory Investment Management
David J. Gordon: CFA, ASA, Chief Investment Officer - Veritable LP
David Hay: CFA, Vice President - Diversified Global Asset Management
Roy D. Henriksson: Ph.D, Chief Investment Officer - Advanced Portfolio Management
Albert W. Hsu: Co-Founder, Managing Director and CIO - Anchor Point Capital, LLC
Josh Kernan: Director, Alternative Investments - Charles Schwab & Co.
Raj Keswani: Chief Executive Officer - Dolomite Capital Mgmt. (Global Emerging Markets Fund of Hedge Fund)
Orin S. Kramer: Chairman - New Jersey State Investment Council
Sudhir Krishnamurti: Managing Director - Rock Creek Group
Hugh R. Lamle: President - MD Sass Investors Services, Inc.
Kevin E. Lynch: - CRA Rogers Casey
George Main: Chief Executive Officer - Diversified Global Asset Management
Wendell A. McCain: Founding Partner - Parish Capital Advisors, LLC
Mihir V. Meswani: Head of Hedge Fund Investments & Director of Public Market Securities - Robert Wood Johnson Foundation
John T. Moore: Managing Director - Citigroup Alternative Investments
Jim Neumann: Managing Director and Senior Portfolio Manager - Ramius HVB Partners, LLC
Jay Nicholas: Senior Investment Officer, Executive Director - UBS
Rene Nunez: Trustee and Vice-Chairman - Texas Permanent School Fund Committee
Jin H. Park: Deputy Chief Investment Officer - Lehman Brothers Alternative Investment Management, LLC
Robert A. Picard: CIO/ Director of Research - Optima Fund Management LLC
Donald Pierce: Investment Officer - San Bernardino County Employees Retirement Association (SBCERA)
Peter Rigg: Global Head of Research - HSBC
Matthew L. Robertson: Portfolio Manager, Absolute Return - Teachers Retirement System of Texas
Keith M. Rosenbloom: Managing Member - CARE Capital Group
Bruce D. Ruehl: Chairman and Chief Investment Officer - Gleacher Fund Advisors LP
Al Samper: Former Chairman - Virginia State Retirement System
Mark Samuel: Portfolio Manager - Old Hill Partners
Ted Seides: CFA, Co-Founder and Director of Investments - Protege Partners, LLC
Salim Shariff: President - Weyerhaeuser Asset Management, LLC
Travis Shore: Director of Hedged Strategies - Univeristy of Florida Investment Corporation
Randy Slifka: Managing Principal - Slifka Asset Management LLC
Jaime Sanchez-Cano Torres: Vice Director of Pensions - Endesa, S.A.
Paul Touradji: Founder - Touradji Capital Management LP
Frank J. Travers: CFA, Principal and Senior Portfolio Manager - Pine Street Advisors, LLC
Nils Tuchschmid: Head of Multi-Manager Portfolios - Credit Suisse
Johannes (Eddy) van de Wetering: Ph.D., Senior Portfolio Manager - ABP Investments
Greg van Inwegen: Ph.D, Director of Risk Management and Quantitative Research - Ivy Asset Management
Mel A. Williams: Vice President - UNC Management Company
Mark W. Yusko: President and Chief Investment Officer - Morgan Creek Capital Management, LLC
Thomas P. Zucosky: Founder and Chief Investment Officer - Discovery Capital Management, LLC
Top Performing Managers
Alan Andreini: Managing Director - Money Management Group (MMG)
Michael Balboa: Fund: Millennium Global Emerging Credit Fund Limited - Strategy: Long / Short Emerging Market Credit
Sam Barron-Fox: Portfolio Manager - United Capital Asset Management
Bill Bassin: Senior Vice President - Lehman Brothers
Mark N. Beder: Fund: Tremblant -Trident Partners - Strategy: Equity Long / Short (TMT)
Mark Benson: Head of Fixed Income - CQS
Jeff Bernstein: Co-Founder & Portfolio Manager - Keel Capital Management, LLC
Amer Bisat: Partner - Rubicon Fund Management LP
Edward Bramson: Fund: Sherborne Investors Fund LP - Strategy: Operational Turnaround Activist
James-Keith (JK) Brown: - Och-Ziff Capital Management
Alan Chuang: Managing Director, Investments and Head of Portfolio Management - Ivy Asset Management
Brad Cole: President - Cole Partners
Sam DeRosa-Farag: President, Principal & Member of the Investment Committee - Ore Hill Partners LLC
Madhav Dhar: Co-Founder - Traxis Partners, LLC
James Dilworth: President and Chief Executive Officer - Dilworth Capital Management
John Dionne: Senior Managing Director - The Blackstone Group
Jacob W. Doft: Chief Executive Officer - HIghline Capital Management, LLC
Michael Dooley: Head of Research - Cabezon Capital Management, LLC
James E. Duplessie: Managing Director - Epic Asset Management
Uwe Eberle: Managing Director - RMF Investment Management
Avi Faliks: Managing Director - Apex Asset Management (Long/Short China Fund)
Saturnino S. Fanlo: Chief Executive Officer - KKR Financial
Mark S. Fife: Managing Partner and Co-Founder - EnTrust Capital
Renee Haugerud: Chief Investment Officer/Managing Principal - Galtere International Fund
Nancy Havens: - Havens International Investors
Woody Jay: - RockRidge Advisors
Morid Kamshad: Fund: Pequot Market Neutral Financials Fund - Strategy: Market Neutral Financials
Michael Karsch: Founder - Karsch Capital Management, LP
J. Kevin Kenny, Jr.: Managing Partner - Emerging Sovereign Group (Global Emerging Markets Hedge Fund)
Noam Leslau: - Blue Mountain Capital Management LP
Matthew Li: Fund: Fore Leveraged Loan Opportunity Fund - Strategy: Leveraged Loans
Sandra Manzke: Chairwoman and Chief Executive Officer - Maxam Capital Management
Pat McMahon: Principal - MKP Capital
Vik Mehrotra: Chief Executive Officer - Venus Capital
Marti Murray: Founder, President and Chief Investment Officer - Murray Capital Management, Inc.
Peter Nicholas: Fund: PCE Investors - Kuromatsu Fund - Strategy: Japanese Equity Long / Short
Robert Nisi: Chief Operating Officer - Cyrus Capital Partners
Paul Podolsky: Senior Portfolio Strategist - Bridgewater
Jesus Saa Requejo: Ph.D, Portfolio Manager - Vega Asset Management Partners Limited (Cayman)
Richard Segal: Chief Strategist - Argo Capital Management
Jeffrey M. Solomon: Managing Member - Ramius Capital Group, LLC
Scott Swid: Managing Member - SLS Management, LLC
Geoffrey L. Symonds: Managing Partner - GLS Capital Management, LLC
Nader Tavakoli: General Partner and Chief Investment Officer - Eaglerock Capital Management LLC
Charles H. Wang: Ph.D, Senior Vice President and Co-Director of Research - Acadian Asset Management
Karl E. White: Chief Investment Officer, Vice Chairman - Fletcher Asset Management, UMass Board of Trustees
Michael I. Wilkins: Co-Founder - Kingsford Capital Management
Leading Consultants & Industry Experts
Gary Berger: Principal - Rothstein Kass
Len Brous: Executive Director, Institutional Fixed Income - Morgan Stanley
Maury Cartine: CPA, JD, Executive Vice President - BISYS-RK Alternative Investment Services
Drew Douglas: Head of Alternative Fund Services Americas - HSBC
Michael Fisher: Senior Director, Alternative Investment Services - Investors Bank & Trust Co
Christopher C. Geczy: Ph.D, Assistant Professor, Finance Department - The Wharton School, University of Pennsylvania
Sorina Givelichian: National Director, Institutional Sales - Russell Investment Group
Brett D. Hellerman: Chief Executive Officer - Norfolk Markets, LLC
Constantine Karides: Co-Leader, Institutional Investment Dispute Resolution Group - Reed Smith LLP
Joel Katzman: Private Investor & Consultant -
Michael Kelly: CIO and Head Absolute Return Stretegies Group - Morgan Stanley Investment Management
Robert A. Klugman: Managing Director, Prime Services - Credit Suisse
Mattias Knab: Director - Opalesque
J. Alan Lenahan: CFA, Vice President - Alternative Investments - Fund Evaluation Group, LLC
Bob Leonard: Global Head of Capital Introductions - Credit Suisse
Michael Mavrides: Partner - Bingham McCutchen
James C. McCarroll: Co-Leader, Institutional Investment Dispute Resolution Group - Reed Smith LLP
Arun Muralidhar: Chairman - Mcube Investment Technologies, LLC
Brian O'Hearne: Managing Director, Environmental and Commodity Markets - Swiss RE
Kurt Overley: Managing Director & Co-Head of Structured Fund Derivatives Marketing - BNP Paribas
Barry W. Ridings: Managing Director - Lazard Freres & Co.
David Saltzman: Executive Director - The Robin Hood Foundation
Michael Tannenbaum: Senior Partner - Tannenbaum Helpern Syracuse & Hirschtritt LLP
Benjamin C. Weston: Managing Director, Hedge Fund Development & Management Group - Merrill Lynch & Co
While you are exposing the "alleged" wrongs by the university, I see that you still haven;t discussed the leave given to the Registrar at the COL. She was as suspect as many of the people that you call yourself exposing at the university. You mentioned it as a by the way item last week. Give us the investigative story like you do on all of the other matters concerning the university.
ReplyDelete8:44, Correct me if I'm wrong, but does having a college degree mean that suddenly you are qualified to serve on a board??? Apparently the man has made his mark in the professional arena w/o having a "degree." There is such a thing as professional experience and a kind of moving-up-the-ladder advancement. There are plenty of fools out there with multiple degrees who still don't have a friggin' clue. Might you be one of those people?
ReplyDelete9:27. YOu're asking people to mass mail the BOG, yet I'm questioning your info on Mr. Fletcher. I know he gave money to HARVARD, but when did he give ANY money to Howard?
ReplyDeleteI'm all for having an investor on our board!
ReplyDeletesome folks, i see, are just trying to create some blog mess here.
ReplyDeleteI agree with 11:43, but this IS a University. Somethings that don't matter, actually matters sometimes.
ReplyDeleteHe has an impressive background but it's not worth the possible drama. The other candidates are well qualified so it's not like we don't have comparable options. They are qualified, they have degrees, and it's evident that they have a "friggin' clue". With all due respect, stay focus and compare apples to apples.
You need to go somewhere with that "your degree is just a peace of paper" debate. When it comes to being on the board of a University, having earned a college degree, several in fact, should have some merit. Damn. You sound like my cousin ray-ray.
PS.
He's not Bill Gates.
THE BIG P.S.
ReplyDeleteHe NEVER raised $10 Million. He got paid well......FAMU did not. While his company's pockets are getting fat, where is the return of service. They get paid....we raise NO, I repeat NO money!!!!!
But then again, with him on the board, maybe incompetents like Altha Manning will now make over $200,000 (something she can't even raise as Director of Alumni Affairs) and stay employed. I bet she's pulling very hard for him and I bet she'll get promoted if he is confirmed. MARK THIS POST, you heard it hear first!!!!!!
If ths affects accreditation in any form, he has to keep on moving. this shows that tos idiots of the BOG need to desperately be changed. PRONTO!
ReplyDeleteHey RN,
ReplyDeleteIt's about time you tightened up Tricky Boy Brown. Looks like 'ole Tricky "Dick" Nixon schooled homeboy in the game of lies and deceit.
He lied his arse off during his BOG interview and those white boys and Carolyn Roberts were carrying his water and sold him to the rest of the nominating board.
Looks like Carolyn Roberts on the BOG did not do her homework.
Hey Carolyn, stop listening to Castell!
Hey RN, we're waiting! Bring on the juice. Bring that butt whipping on, cause if these fools (BOG) caused us to be cited yet again by SACS, they all need to be dragged through the streets butt naked and caned on the Set at high noon.
And I quote from Mr. Brown's interview when questioned about his lack of a college degree, "I was a special assistant to President Nixon. I helped run the USA, if I can do that without a college degree, I think I am qualified to serve on this board." There you have it folks and we all know what happened to Tricky Dick -- Watergate.
ReplyDeleteMr. Brown was a good student of Tricky Dick, because he didn't learn to tell the TRUTH!