Glickenhaus Has Left the Building he modern history of Wall Street is not quite the histor y of Seth Glickenhaus ’38. But it’s close. Before the stock market crashed in 1929, even before the Empire State Building was built, Seth Glickenhaus of the Bronx worked as a teenage messenger for Salomon Brothers in Manhattan’s financial district. This year Glickenhaus, who turned 99 in March, has entered a new chapter. He has merged the boutique Wall Street firm he founded, Glickenhaus & Co., into a unit of Neuberger Berman. It is truly the end of an era for a Wall Street legend. Glickenhaus has never been short on judgment. He made Nixon’s enemies list in the early 1970s when he tried to close his firm for a day to protest the Vietnam War. The New York Stock Exchange blocked the closure, but Glickenhaus complained about it in an advertisement in the New York Times. Having started his own firm in 1938, he has been mostly right about the financial markets, too. After the 1987 crash, Glickenhaus predicted the Dow would rise sharply by the end of 1988, which it did—but in 1989. And he called the end of that bull market in April 2000, just a week after it peaked. “We’re going to consolidate the huge gains
Trustee Jerome Kern ’60 is the new chief executive of the Colorado Symphony.
The DC Bar gave its Beatrice Rosenberg Award for Excellence in Government Service to Francine Kerner ’74, chief counsel for the Transportation Security Administration at the US Department of Homeland Security.
for the next 10 or 15 years,” Glickenhaus was quoted saying in Bloomberg. “All this absurd opinion that companies will go up 15 percent per annum is over.” In 2008, with a worldwide recession unfolding, business reporters besieged Glickenhaus, then 95, for his firsthand knowledge of the Great Depression. For a time, he reserved weekdays at 4:15 p.m., after the market closed, just for press interviews. As reported in this magazine in 2009, his hearing was good, his voice strong, and his opinions, as always, were tart. But he acknowledged a softer side when asked about the secret to long life. Glickenhaus, who has been married to Sarah since 1944, offered: “The right genes and a wife who makes sure you live sensibly.”
Eric Lane LLM ’79 was named dean of the Hofstra University Maurice A. Deane School of Law. Winston Ma MCJ ’98, managing director and deputy chief representative of the China Investment Corporation, was named a Young Global Leader by the World Economic Forum. Douglass Maynard ’86 is the new deputy commissioner for legal matters at the New York City Police Department. Trustee Randal Milch ’85 was honored with the Scales of Justice Award from Equal Justice Works. April Newbauer ’83 was appointed to the New York State Court of Claims.
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The NYU Law chapter of the Order of the Coif inducted Lawrence Pedowitz ’72 as an honorary member. Pedowitz is a partner and heads the white collar and regulatory practice group at Wachtell, Lipton, Rosen & Katz. Previously he was chief appellate attorney and chief of the Criminal Division in the US Attorney’s Office for the Southern District of New York, and clerked for Chief Judge Henry Friendly of the US Court of Appeals for the Second Circuit and Justice William Brennan of the Supreme Court.
From a field of 1,000 applicants, the World Bank chose Elizabeth Hassan LLM ’12 and Shingira Masanzu LLM ’13 for two of four positions in its Legal Associates Program. Associates provide research, comparative legal analysis, and other support, and are prepared to apply for permanent counsel positions. Hassan had been an International Finance and Development Fellow and a legal intern to the bank’s deputy general counsel. A Hauser Global Scholar, Masanzu was an intern at the Center for Economic and Social Rights.
The National Bar Association and IMPACT named Chigozie Onyema ’11 to its 2013 “Nation’s Best Advocates: 40 Lawyers under 40” list. Tamrat Samuel LLM ’98 was appointed the UN deputy special representative for Liberia. Gustavo Schmidt LLM ’08 was appointed chief of staff of the mayor of Rio de Janeiro. Lorna Schofield ’81 was confirmed as a federal judge for the Southern District of New York. Joshua Sheinkman ’87 was named staff director of the Senate Energy and Natural Resources Committee. President Obama named Anthony Welters ’77, chair of the Law School board of trustees, a trustee of the Kennedy Center for the Performing Arts.
SETH GLICKENHAUS: © NAJLAH FENNY
Published on Sep 6, 2013