Tuesday, January 17, 2012

Schooling in the Ownership Society: The Griffins -- hedge fund power couple

Schooling in the Ownership Society: The Griffins -- hedge fund power couple:

The Griffins -- hedge fund power couple


Ken Griffin and wife Anne, have become two of the most prominent and powerful namesassociated with Chicago's corporate-style school reform. As the founder and head of the Chicago-based hedge fund Citadel, Griffin is reported to be worth $2.3 billion, making him the fifth-richest Chicagoan and 159th-richest American, according to the 2010 Forbes 400.

He and his wife, Anne Dias Griffin, have been major players in the world of political money: Campaign finance records show that the Griffins have donated more than $3 million to candidates and political action committees—including $450,000 last fall to Republican Bill Brady in the tight 2010 Illinois governor’s race.

The Griffins, along with other Chicago billionaires like Penny Pritzker and Bruce Rauner, also helped underwrite the anti-union lobbying group Stand For Children, headed by Jonah Edelman. In 2010, Ken gave $500,000 each to two different political action committees—on October 25th to American Crossroads, an organization, according to its website, “dedicated to renewing America’s commitment to individual liberty,