The history of Wall Street in Mrs. South Carolina

She, South Carolina State First Lady, has a business factor in her blood, and if she hadn't met his dear governor, she might have been a heavyweight in the investment banking world. Before becoming the first Lady of Sorrow, Jenny Sullivan Sandford (Jenny Sullivan Sanford) had long been a respected investment banker at Lazard Company (Lazard Freres).　　In fact, if she had not given up her career to help her husband develop a political territory, that is, Mark Sanford, her South Carolina State husband Sanford, she might have been a pivotal trader. Once in the middle of the world in the mid-80 and Sullivan Lazard Company Jeffrey Lize (Jeffrey Leeds), now opened a name of their own private equity company, she recalls: "Jenny Smart, not a little old-fashioned, very reasonable, but she gives a feeling, It is her goal and firm values that were not acceptable to all in New York in that era. The most striking thing about her ability is that she works very hard, even if her efforts do not exceed those of other colleagues, and can be said to work as hard as other colleagues, endure inhuman long hours, but she is never untidy, or sloppy. "She worked for a long time in Lazard's small-bond company, working for the company's partner Louise Rinaldini (Luis rinaldini), then Rinaldini left Lazard and created a small consultancy and investment company Groton Partners.　　In the last two years of her career at Lazard, she worked for Rattner, Steve Rattner, a partner in charge of Lazard media and telecommunications. Ratner is now head of the US Treasury's Auto industry Task Force, and Sullivan helped Ratner raise 175 million dollars in the first 300 million dollar buy-out fund and invested in Providence Media partner company (Providence). This is a company specializing in the media and telecommunications industry investment.　　The huge success of the first fund raise has created the career of Jonathan Nelson, the founder of Providence, to become one of the leading private-equity investors in the media and telecoms world, Jonathan Nielsen. We emailed Ratner and asked him to comment on the experience of working with Sullivan, but didn't get a response. Ratner with Providence company reached an unusual and also lucrative cost arrangement agreement, not only to Lazard company brought a settlement fee, but also won the Providence Company's first fund profit commission. This brought a large profit to Lazard, about 33 million dollars, and for Ratner, he and Lazard, Michel David-Will (MicHel David-weill reached an agreement to get 8.25% of the company's revenue, about $2.72 million trillion. Mrs Sanford was familiar with the operation of the big business before joining the company. On the surface, Jenny Sullivan is not a typical Lazard employee. She is a Illinois State Winnetka mayor, one of five children in the family, and a private Catholic girls ' school in Illinois State, at the Temple of Sacred Heart College in Lake Forrest, Woodlands Academy of Sacred Herat. Later, after graduating from Georgetown, he worked for a short time at the House Ways and Means Committee, where the Committee was headed by a powerful congressman, Dan Rostenkoski Dan Rostenkowski. [Page] is born to do Lazard material is what makes Sullivan is born to do Lazard company that piece of material? Should start with her family. Sullivan's father, John W. Sullivan, was president of the Skil Century Company (Skil Coporation) in 1979, and Skil Century company sold to Emerson (Emerson) in 58 million dollars.　　Sullivan's family, like the Lazard Company's background, has a wealth that can be traced back to a settler who came to New Orleans from France. In the early 1900, inventor Edmond Michel (Edmond Michel) immigrated to New Orleans. As is well known, one day in 1921, Michelle saw farm workers cutting sugarcane's stout stems with machetes when harvesting sugarcane, and he thought there must be a better way.　　So he made a prototype of the first electric hand, which was to fasten the blade of the machete to a large motor.　　A newspaper in New Orleans wrote a small article about Michelle and his electric saws, which attracted the attention of a Minnesota property developer named Joseph W. Sullivan (Joseph W. Sullivan), the great-grandfather of Jenny Sullivan Sandford. They decided to start a business together, moved to Chicago, began drafting blueprints, and devised a more efficient and marketable electric-powered hacksaw.　　October 21, 1924, they got a patent authorization, that is, Michelle Electric saw, a success. A few years later, Michelle didn't want to do it, so the Sullivan family took full control of the business. Joseph Sullivan changed the name of the enterprise to Skilsaw company, the name of the source is because the wife of a word. One day the wife blurted out: "Whoever does this (the early-operation Saws) must understand a lot of technology (the Skil in the company name comes from the English word skill, the word technology), and it takes a lot ofTechnology to complete.　　"His son Bolton Sullivan (Bolton Sullivan), also known as Jenny's grandfather, helped to create the company. Jenny's grandfather was one of the founders of the big law firm Winston & Strawn, headquartered in Chicago.　　The whole family was seen as a part of Chicago's upper-class society. After the sale of Skil century, Jenny's father, John, became chairman of the Philadelphia and Reading Railroad (Reading company), a holding company in Philadelphia. He is also president of the Florida State Hobisander City loblolly Pines Real Estate development company, which is responsible for the development of a closed high-end residential property in Hobisander. Since 1991, he and his wife, Susan, have owned a house in the development zone, worth 2.34 million of dollars. The Governor of South Carolina and Mrs. Sanford and their four sons spent the weekend here. [Page] When Jenny met Mark in November 1989, Sullivan was still working in Lazard, and she was married to Machel Sandford (Marshall, Mark). Mark, who studied at the University of Virginia's Darden School of Business, worked for Goldman Sachs for a short period of two months.　　After graduating, Sanford was a financial analyst at Dow Realty Company in New York. The two were in fact because Sanford gave Sullivan a ride, and Sanford took her to the Hamptons for the party. They were married on Jupiter Island in Florida State, where the mayor of George City, a Catholic priest, presided over the wedding. A year later, Sullivan left the Lazard company and moved to South Carolina State with her new husband.　　She has managed her husband's political campaign many times, including his first run for governor of the State of South Carolina. Mrs. Sanford's former colleagues in Lazard agreed that she was on the cusp of a corporate merger.　　A lot of people think she can easily be like Nancy Peretsman of Allen & Co, who has a similar career, or even as brilliant as Ratner. Hill Peretzman. With regard to her status, a senior staff member of a Lazard company "is regrettable", but also said that Mrs. Sanford is a "wonderful woman" and added "if someone can solve the problem gracefully, then it is her." ”