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Laurence Tisch
Laurence Alan "Larry" Tisch (March 5, 1923 – November 15, 2003) was an American businessman, Wall Street investor and billionaire. He was the CEO of CBS television network from 1986 to 1995. With his brother Bob Tisch, he was part owner of the Loews Corporation.
==Early life and career==
Tisch was born March 5, 1923, in Brooklyn, New York, the son of Russian Jewish immigrants,〔(The Tablet Magazine: "Don Hewitt on His Judaism - The ‘60 Minutes’ creator died today at 86. For the book ‘Stars of David,’ he talked about his religion." By Abigail Pogrebin ) August 19, 2009〕〔(Business Insider: "THE TISCH DYNASTY: How Two Boys From Brooklyn Became The Biggest Name In New York" by Linette Lopez ) May 9, 2012〕 Sadye and Al Tisch. His father, a former All-American basketball player at the City University of New York, owned a garment factory as well as two summer camps which his wife helped him run.〔(New York Times: "Laurence A. Tisch, Investor Known for Saving CBS Inc. From Takeover, Dies at 80" By JONATHAN KANDELL ) November 16, 2003〕 He graduated from New York University when he was just 18 and received a Wharton MBA in industrial management by 20.〔(Wharton Alumni Magazine: 125 Influential People and Ideas: Laurence A. Tisch )〕 In 1946, he made his first investment, purchasing a 300-room winter resort in Lakewood, New Jersey with $125,000 in seed money (roughly equivalent to $1.5 million at 2012 prices) from his parents.〔〔 Two years later, his brother Bob joined him in the business, launching a lifelong partnership between the pair with Larry handling financial matters and Bob the overall management.〔
Their first hotel was very successful and over the next decade, the Tisch brothers bought a dozen hotels〔 in Atlantic City and the Catskills.
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