The man suggests sales.
“Sales? That’s not right for me.”
What about manufacturing, the man suggests.
“Manufacturing? It’s dirty in a factory, it’s oily, someone could get hurt on the machines,” Lee said, getting the son-in-law whine just right.
The son rejects the idea of going into accounting too. “With the musty old bookkeepers and the dusty books,” the son- in-law replies. “I’ll get a bad migraine and my marriage will suffer.”
“So the man says, why don’t you buy me out? That’s how it happened, the first buyout.”
Fundraising Hypochondriac
The event raised $1.1 million for UJA’s support of almost 100 agencies providing a range of services from job training to meals for the poor to summer camp for recent Russian immigrants.
The UJA’s private-equity division was founded four years ago, out of the investment management unit, under the umbrella of the Wall Street and financial-services division.
KKR & Co.’s Marc Lipschultz, who was not present last night, and David L. Moore of Moore Holdings serve as chairmen of the group, which began presenting its Jack Nash Award last year, named after the late hedge-fund pioneer. Its first recipient was Jack Nash’s son, Joshua Nash of Ulysses Management.