Latest news with #MalcolmForbes
New York Post
23-06-2025
- Business
- New York Post
‘Big Ass Fans' entrepreneur has found a buyer for his lovely NYC townhouse — which Malcolm Forbes once owned
A landmarked West Village townhouse once owned by the late magazine publisher Malcolm Forbes — known in part for his extravagant homes, Republican politics and Fabergé egg collection — has found a buyer. The 25-foot-wide, six-story dwelling at 11 W. 12th St. was last asking $27 million before entering contract. The sale has not closed and it's not yet certain how much it's selling for. The seller is Texas-based entrepreneur J. Carey Smith, who paid $19.9 million for the stately home in 2019. 11 The late publisher Malcolm Forbes. Getty Images 11 J. Carey Smith is the current seller of the property. 11 The home's charming red brick exterior. Douglas Elliman 11 The residence benefits from massive exposures. Douglas Elliman 11 A view inside the roomy kitchen. Douglas Elliman 11 There's room for the new owner to have a home office. Douglas Elliman 11 A cheerfully designed bedroom inside the townhouse. Douglas Elliman It was the highest-priced property to enter into contract last week, according to Olshan Realty's luxury market report. The news was first picked up by the Real Deal. Smith sold his company, Big Ass Fans, for $500 million in 2017. He has since founded Unorthodox Ventures, an investment company based in Austin. The townhouse, located along the prime Gold Coast, dates to 1847. 11 A lovely bath retreat. Douglas Elliman 11 The handsome formal dining room. Douglas Elliman 11 The new owner will also get the most supreme New York perk: private outdoor space. Douglas Elliman 11 There's plenty of room for outdoor dining now that summer has arrived. Douglas Elliman The previous owners were Icon developers Todd Cohen and Terrence Lowenberg, who had paid $7.25 million for it in 2012 and then did a gut-renovation. The 9,652-square-foot home comes with five bedrooms, six baths and a two-car garage. Details include an elevator, an 800-bottle wine room, a movie theater, a gym and a great room with ceilings over 22 feet high. There are also 2,423 square feet of outdoor space, from a private garden to two terraces and a rooftop hangout. The listing brokers are Douglas Elliman's Mark Fromm and Claudia Saez-Fromm.
Washington Post
23-06-2025
- Business
- Washington Post
Top Workplaces 2025
Uncertainty is a word that pops up often in 2025. In a business environment, hesitation is one reaction to uncertainty — and in temp agencies, various people concurred they are seeing businesses hit pause on hiring — or it can spur innovation. But where does inspiration come from? We polled some of the leaders on the Top Workplaces list, and a few editors along the way, for their advice. 'Diamonds are nothing more than lumps of coal that stuck to their jobs' was the first one that arrived. (Malcolm Forbes said that.) Others quickly followed: 'Plan for what is difficult while it is easy, do what is great while it is small.' — Sun Tzu 'Have no fear of perfection. You'll never reach it.' — Salvador Dalí 'Hoping for the best, prepared for the worst, and unsurprised by anything in between.' — Maya Angelou 'There is no secret ingredient.' — Po, in 'Kung Fu Panda' So whether you work for one of the winning companies, or you want to work for one, we think you'll find some community and some good ideas here. Many of these companies — 73 to be exact — are new to the list. Others have remained despite losing their top spot on the list. Some have grown enough to jump categories. All are a testament to managing growth and ingenuity.
Forbes
10-06-2025
- Business
- Forbes
An Old, Yet New, Look At Diversity In The Workplace
Happy multigenerational people having fun sitting on grass in a public park Diversity, in the last few years, has been transformed from a prominent social, demographic, and organizational issue into a political football. I believe that's because we're not looking at it in its fullest sense. We're looking at it with too much emphasis on statistics and not enough concern for what the data is telling us. Data, we all know, is left-brain food; it is linear, logical, and can be analyzed by entry-level recent graduates. Now, even these young employees are threatened by AI. On the other hand, to see the big picture, we need to flip over to our creative right brains where we connect dots, recognize patterns, and derive meaning. That must be what Malcolm Forbes did when he concluded long ago that 'Diversity is the art of thinking independently together.' He made no mention here of adding up the percentages of people from various groups; rather, in a holistic sense, he taught us to think at a higher level. In the end, isn't that what we want? Isn't that the ultimate result we seek? A look at some recent studies supports that hypothesis. Studies strongly support the conclusion that organizations embracing a greater diversity in the workplace outperform the competition as well as market index indicators, while delivering higher profits. They also tend to nurture employee' roles and careers, and enhance stakeholder value. Research by the Boston Consulting Group in 2024 revealed that 'increasing the diversity of leadership teams yielded 19% more revenue from innovation compared to less diverse peers.' Actively constructing a workforce that includes people with a whole range of different characteristics – gender, ethnic background, religion, age, sexual orientation, education level, race, socioeconomic status – in fact, anything that might give that person a different outlook on life, is evidently what Forbes was seeing. Organizations that look like that were studied by Kurt Lewin (1890-1947), the father of social psychology. The more diverse the makeup of a team, found Lewin, the more likely the members were to experience process gain in perspective, synthesis, and clarity. Indeed, this facilitates changes in values, attitude, and behavior needed to implement good decisions. Process gain includes accessing many points of view, fostering a more creative environment, achieving higher productivity, recruiting and retaining the best staff, and opening up new markets. Among companies in the tech sector that lead in diversity and performance, HP stands out with a board comprised of 46% women and 46% minorities. Additionally, 67% of its new hires in the U.S. are women, minorities, veterans, or people with disabilities. And Cisco has maintained its commitment to diversity, equity, and inclusion (DEI). It has implemented initiatives like annual pay parity analyses and flexible work policies, contributing to its recognition as a European Diversity Leader. Evidence emphatically suggests that diversity leads to increased innovation, better employee retention, and improved market responsiveness, all contributing to a competitive edge in the marketplace. Or does independent thinking, in Malcolm Forbes' view, produce the diversity effect we want?
Forbes
09-06-2025
- Business
- Forbes
An Old/New Look At Diversity
Happy multigenerational people having fun sitting on grass in a public park Diversity, in the last few years, has been transformed from a prominent social, demographic, and organizational issue into a political football. I believe that's because we're not looking at it in its fullest sense. We're looking at it with too much emphasis on statistics and not enough concern for what the data is telling us. Data, we all know, is left-brain food; it is linear, logical, and can be analyzed by entry-level recent graduates. Now, even these young employees are threatened by AI. On the other hand, to see the big picture, we need to flip over to our creative right brains where we connect dots, recognize patterns, and derive meaning. That must be what Malcolm Forbes did when he concluded long ago that 'Diversity is the art of thinking independently together.' He made no mention here of adding up the percentages of people from various groups; rather, in a holistic sense, he taught us to think at a higher level. In the end, isn't that what we want? Isn't that the ultimate result we seek? A look at some recent studies supports that hypothesis. Studies strongly support the conclusion that organizations embracing a greater diversity in the workplace outperform the competition as well as market index indicators, while delivering higher profits. They also tend to nurture employee' roles and careers, and enhance stakeholder value. Research by the Boston Consulting Group in 2024 revealed that 'increasing the diversity of leadership teams yielded 19% more revenue from innovation compared to less diverse peers.' Actively constructing a workforce that includes people with a whole range of different characteristics – gender, ethnic background, religion, age, sexual orientation, education level, race, socioeconomic status – in fact, anything that might give that person a different outlook on life, is evidently what Forbes was seeing. Organizations that look like that were studied by Kurt Lewin (1890-1947), the father of social psychology. The more diverse the makeup of a team, found Lewin, the more likely the members were to experience process gain in perspective, synthesis, and clarity. Indeed, this facilitates changes in values, attitude, and behavior needed to implement good decisions. Process gain includes accessing many points of view, fostering a more creative environment, achieving higher productivity, recruiting and retaining the best staff, and opening up new markets. Among companies in the tech sector that lead in diversity and performance, HP stands out with a board comprised of 46% women and 46% minorities. Additionally, 67% of its new hires in the U.S. are women, minorities, veterans, or people with disabilities. And Cisco has maintained its commitment to diversity, equity, and inclusion (DEI). It has implemented initiatives like annual pay parity analyses and flexible work policies, contributing to its recognition as a European Diversity Leader. Evidence emphatically suggests that diversity leads to increased innovation, better employee retention, and improved market responsiveness, all contributing to a competitive edge in the marketplace. Or does independent thinking, in Malcolm Forbes' view, produce the diversity effect we want?
Forbes
23-05-2025
- Entertainment
- Forbes
Yacht Formerly Owned By Malcolm Forbes For Charter From $170k P/ Week
Writing about publishing magnate Malcolm Forbes, son of Forbes founder Bertie Forbes, author Christopher Buckley wrote: 'Malcolm is an antidote to the horror stories about extreme wealth. He's generous as hell and he likes to have fun.' It makes sense then, that Forbes owned a 162-foot yacht called The Highlander, which was famous for hosting parties with guest lists that read like a Who's Who of the world's social elite in the 1980s. Mick Jagger, Paul McCartney and Harrison Ford all set foot on her decks at one point, probably rubbing shoulders with the likes of Elizabeth Taylor, Andy Warhol, Barbara Walters and Henry Kissinger. In Royal circles, Prince Charles and the former Kings of Greece and Bulgaria all spent time on board The Highlander. The yacht hosted politcial magnates like Margaret Thatcher, the Reagans and President and Mrs George H W Bush. This is a boat that was no stranger to the spotlight. This is because The Highlander was never just a boat - she was a key business and entertaining platform that Forbes used lavishly and generously for hosting huge groups. The parties that were held on board held mythic status – once, at a party for Elizabeth Taylor, Forbes dispatched a private jet to pick up a case of perfumes to be used as special gifts for each and every attendee of the party. The yacht's parties would be wall-to-wall with A-listers. It wasn't uncommon to step into a function on The Highlander and find Hollywood heavyweights chatting away with headline-grabbing politicians. 'One time, I looked up and saw CEOs of six different US airline companies talking together,' recalls Forbes' son Christopher in a magazine feature. 'Where else would you find that?' Highlander is an icon of the yachting world. Yachtsman The Highlander was actually designed with partying in mind from the outset. In the same magazine feature, Forbes' son recalled that the yacht 'had these smaller seating areas and private spaces that weren't too conspicuously private, where people could linger while never prompting the reaction: 'Look at those two off there on their own, talking.'' Fun was also built into the yacht's design, with storage for Harley-Davidson motorboikes and those famous Cigarette and Donzi speedboats that you can see in the aft section in historical photos. The yacht was legendary for her parties, but she was also notable for doing something completely unheard of at the time – cruising up the Amazon. Even now, this is something that is largely not seen in superyachting, but The Highlander wasn't one to shy away from a challenge. Guests on board recalled the superyacht ploughing through underwater obstacles and having to send the crew under water to inspect any potential damage. One crewmember on the voyage had a passion for bagpipe-playing and he would practise his instrument on the top deck of the yacht most mornings, attracting the attention and applause of local Amazonian people. The yacht prior to her extension Feadship The yacht changed hands after Forbes' death, and led a quieter life in more recent years. She was originally built by Feadship, the most prestigious superyacht builder in the world, to a design by the late Jon Bannenberg, arguably the most esteemed yacht designer to have ever lived. A refit in 2014 in the US saw her total length extended to the 162 feet that she is today, but the refit was sensitive to the yacht's icon status. "We are very big fans of Feadship,' explained the owners at the time. "The Highlander had Feadship's outstanding quality and Jon Bannenberg's iconic profile. The Feadship and Bannenberg mix was irresistible.' The yacht is still an entertainment icon. Yachtsman Now called simply Highlander, the yacht had another refit in 2025 and is now available for private yacht charter in the Mediterranean with Greek-based yachting firm YACHTSMAN. She has space for 12 guests in seven cabins, plus a complement for 11 crew, and she has a large toy locker which includes two Seabobs, one eFoil, two Jet-Skis and more. She charters from €150,000 per week plus expenses in low season and €170,000 per week plus expenses in high season.
