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  1. #16
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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by SwirlingFloater View Post
    Becker & Underwood sold to a private equity firm almost 10 years before the BASF deal. I would guess B & U still had stock, but I am sure it wasn't a $1 billion deal for them personally.

    Also, many people don't realize that the publicized $1 billion acquisition of Albaugh's company didn't go through a few years ago. I would think he is doing quite well financially, but cutting a multi-million dollar check to the ISU athletic department might not be something he is interested in doing.
    You generally don't just cut a check for the amount...you pledge it over 20 years or something.

    And I could be wrong but I think that transaction was going to be in the $5B+ range...



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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by IcSyU View Post
    You generally don't just cut a check for the amount...you pledge it over 20 years or something.

    And I could be wrong but I think that transaction was going to be in the $5B+ range...
    Apparently it was a 1.3 billion dollar deal because of a a weakening price on the market. Albaugh filed a complaint with the US Government against China for dumping a ton of product on the US market which dropped the price of Albaugh's product from $30 a gallon to $12 a gallon.

    China is the reason the SEZ hasn't been funded yet. Bastards!


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  3. #18
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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by Cyclonestate78 View Post
    Apparently it was a 1.3 billion dollar deal because of a a weakening price on the market. Albaugh filed a complaint with the US Government against China for dumping a ton of product on the US market which dropped the price of Albaugh's product from $30 a gallon to $12 a gallon.

    China is the reason the SEZ hasn't been funded yet. Bastards!
    $1.3B? Chump change.



  4. #19
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    Re: Who are the richest donors/possible donors for ISU

    Not that it matters a bit, but Warren Buffet- 4th richest man in the world in 2013- worth $53.5B- graduate of the University of Nebraska and their athletic department cant squeeze a dime out of him. He is quite the philanthropist in many other areas but not to his alma mater's athletic department. So don't feel bad if our richest alums don't pony up the funds to get this done.



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    Re: Who are the richest donors/possible donors for ISU

    Cyclone Jerry.


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  6. #21
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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by The_Architect View Post
    Cyclone Jerry.
    If Cyclone Jerry won the lottery he'd give 280% of it to ISU


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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by cyinne View Post
    Not that it matters a bit, but Warren Buffet- 4th richest man in the world in 2013- worth $53.5B- graduate of the University of Nebraska and their athletic department cant squeeze a dime out of him. He is quite the philanthropist in many other areas but not to his alma mater's athletic department. So don't feel bad if our richest alums don't pony up the funds to get this done.
    I dont have a problem with it. He doesnt even share w/ his family. If they arent fans and dont care about football/sports then I dont see a reason for them to donate. In all honesty, there are much better things to do w/ your money. Me on the other hand, My name would be all over the facilities.



  8. #23
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    Re: Who are the richest donors/possible donors for ISU

    I once post this in similar thread and I'm not sure whether anyone ever reached to him.

    Sehat Sutardja - Wikipedia, the free encyclopedia



  9. #24
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    Re: Who are the richest donors/possible donors for ISU

    I hate threads like this.



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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by bringmagicback View Post
    I dont have a problem with it. He doesnt even share w/ his family. If they arent fans and dont care about football/sports then I dont see a reason for them to donate. In all honesty, there are much better things to do w/ your money. Me on the other hand, My name would be all over the facilities.
    Not to derail the thread, but Buffet does share money with his family. He pays for all of their education, and I'm sure he would take care of them if they ran into tough situations. But he does not setup a trust fund for any of his family which is unusual for people of his wealth.

    Also, I don't think you can criticize Buffet for being a philanthropist and not donating to an athletic department. Donating to an athletic department is not exactly the most charitable contribution even if you can write it off on your taxes.



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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by cyinne View Post
    Not that it matters a bit, but Warren Buffet- 4th richest man in the world in 2013- worth $53.5B- graduate of the University of Nebraska
    Wow poor dude, no matter what vast fortunes he amasses he'll have to admit he went to Nebraska. I guess you can feel sorry for a billionaire.


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  12. #27
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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by IcSyU View Post
    $1.3B? Chump change.
    No doubt. Originally the deal was valued a year or so earlier at close to 3 billion. I am not sure if the deal was ever completed or not. 1.3 billion is a nice chunk of change.


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  13. #28
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    Re: Who are the richest donors/possible donors for ISU

    Quote Originally Posted by GMan View Post
    Not to derail the thread, but Buffet does share money with his family. He pays for all of their education, and I'm sure he would take care of them if they ran into tough situations. But he does not setup a trust fund for any of his family which is unusual for people of his wealth.

    Also, I don't think you can criticize Buffet for being a philanthropist and not donating to an athletic department. Donating to an athletic department is not exactly the most charitable contribution even if you can write it off on your taxes.
    I was never criticizing him for not donating to UNL, but merely pointing out the fact that those with supreme power with money don't necessaraly care about donating to their alma mater's athletic department.



  14. #29
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    Re: Who are the richest donors/possible donors for ISU

    I just want to let everyone know that if I have the good fortune to become one of our billionaire alums, athletics donations to ISU will be on the top of my list. Screw world hunger and curing diseases, we're putting Jerry World to shame.



  15. #30
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    Re: Who are the richest donors/possible donors for ISU

    I saw somebody driving a lambo with ISU vanity plate last summer in Ames.


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