Howard Milstein#Nicklaus Companies and 8AM Golf

Milstein is the son of Irma Milstein and Paul Milstein, a real estate developer. He graduated from Cornell University with a B.A. in economics in 1973 and from Harvard University with a JD/MBA in 1977. He is a member of the New York State Bar.{{cite web |title=Howard Milstein |url=https://howardandabbymilsteinfoundation.org/howard-milstein/ |website=Howard and Abby Milstein Foundation |language=en}}

Milstein started his career at the investment bank Warburg Paribas Becker. In 2003, Milstein co-founded the merchant bank FreidbergMilstein.{{cite news|last=Smith|first=Randall|title=Friedberg, Milstein Team Up to Start New Merchant Bank|url=https://www.wsj.com/articles/SB1043111776390823784|date=January 21, 2003|website=WSJ}}{{cite news|last=Copulsky|first=Erica|title=Finance Vets Launch $584M Debt Fund|url=https://nypost.com/2004/12/20/finance-vets-launch-584m-debt-fund/|date=December 20, 2004|website=New York Post}} Since 2004, he has run Emigrant Bank, and he serves as chairman, president, and chief executive officer of the bank's holding company, New York Private Bank & Trust.{{cite news |last1=Dwyer |first1=Jim |title=A Benefactor, His Home Loans, and Pain |url=https://www.nytimes.com/2016/06/08/nyregion/families-tell-of-pain-from-a-new-york-benefactors-home-loans.html |work=The New York Times |date=June 7, 2016}}New York Times, Kingson, Jennifer A., 5/5/06, "Going Online for Savings" In 2016, a Brooklyn jury found Emigrant Bank to have targeted minorities with predatory mortgages with rates of up to 18 percent.{{cite web |title=Emigrant bank {{!}} Predatory lending |url=https://therealdeal.com/2016/06/29/emigrant-bank-targeted-minorities-with-predatory-mortgages-jury/ |website=The Real Deal New York |access-date=6 December 2021 |date=29 June 2016}} While these loans are now illegal, Milstein testified at trial that the lending was a community service because it provided capital for people who could otherwise not afford it. Between 2004 and 2009, the amount of delinquent loans at the bank had doubled from around 25% to 50%, with the highest commissions paid to employees who brought in subprime loans.

He is chairman of Sarasota Private Bank & Trust and Cleveland Private Bank & Trust, both with majority ownership by Milstein and his family along with local co-founders.Business Observer, Mark Gordon, 2/15/19, "Prominent NY Family Targets Region to Grow Wealth Management Firm" Milstein is chairman of Milstein Properties, a builder and investor active in both residential and commercial development primarily in New York City.Crain's, Fung, Amanda, 8/10/10, "Milstein Family Plans Future after Patriarch's Death"

Milstein and his brother, Edward, worked with their father on numerous building projects in Manhattan. In the late 1980s, the Milstein family acquired Douglas Elliman-Gibbons & Ives real estate brokerage,New York Times, 12/10/89: "Douglas Elliman Sold; Milsteins Buy Firm" and Milstein served as its chairman for ten years until the business was sold.New York Times, Holusha, John, 11/4/97, "2 Real Estate Firms Agree to a Merger" In 1986, Milstein started Liberty Cable as an alternative telecommunications supplier for the Milford Plaza Hotel.New York Times, Fabrikant, Geraldine, 5/24/93, "Tiny Liberty Takes On Cable Giant in Manhattan" In 2018, Milstein launched a technology campus in midtown for technology companies.{{cite web|title=Milstein Plans $100M renovation of 335 Madison Avenue |url=https://therealdeal.com/2017/05/17/milstein-plans-100m-renovation-of-335-madison-ave/ |publisher=The Real Deal |date=May 17, 2017 |access-date=July 24, 2021}}

In 2007, Milstein acquired, through Emigrant Bank, a full partnership interest in Nicklaus Companies, LLC, becoming executive chairman of the company, working with professional golfer Jack Nicklaus.Wall Street Journal, 6/11/07, Frank, Robert, "The Golden Bear Roars: Nicklaus Inks New Deal" The business was primarily centered in golf course design, golf equipment, and licensing for clothing and other items.{{citation needed|date=September 2024}} In 2018, Milstein formed 8AM Golf, the holding company for Nicklaus Companies, which operates various global golfing brands, including Golf Magazine and Golf.com.Forbes, Matuszewski, Erik, 6/26/20, "For GOLF Magazine and Golf.com, Pivot to Lifestyle and Service Focus Plays Well" [https://www.forbes.com/sites/erikmatuszewski/2020/06/26/for-golf-magazine-and-golfcom-pivot-to-lifestyle-and-service-focus-plays-well/?sh=3a9b8bfe385a] On September 20, 2023, 8AM Golf announced a new golf-themed venture in collaboration with Tiger Woods and Justin Timberlake to open a sports bar in Manhattan, New York.{{cite web | url=https://www.golfmonthly.com/news/tiger-woods-and-justin-timberlake-open-new-york-city-sports-bar | title=Tiger Woods and Justin Timberlake Open New York City Sports Bar | date=20 September 2023 }}

In November 2010, Milstein was selected by Andrew Cuomo to be on the incoming New York governor's transition team as a member of the Committee on Economic Development & Labor."New York Times, "Cuomo Names Transition Team", Nicholas Confessore, 11/11/10 In June 2011, the New York State Senate unanimously confirmed Milstein as chair of the New York State Thruway Authority."Governor Nominates Developer to Lead Thruway Authority", New York Times, Thomas Kaplan, 6/1/11

In 2005, Milstein led Emigrant Bank in depositing $1,000 to bank customers whose homes were directly impacted by Hurricane Katrina. After Superstorm Sandy in 2012, Milstein and the bank donated $2.3 million in total to more than 2,000 New York Police and firefighter first responders.{{cite news|last1=Hafner|first1=Katie|last2=Deutsch|first2=Claudia H.|title=When Good Will is Also Good Business|url=https://www.nytimes.com/2005/09/14/business/when-good-will-is-also-good-business.html|date=September 14, 2005|website=New York Times}}{{cite news|last=Parlato|first=Frank|title=More Philanthropy from NFR's Howard Milstein|url=https://niagarafallsreporter.com/Stories/2012/Dec4/HowardMilstein.html|date=December 4, 2012|website=Niagara Falls Reporter}}

In 2012, Milstein and his wife, Abby, vice chairman of the New York Public Library, committed to donate $8 million to the New York Public Library."Beneath New York Public Library, Shelving Its Past for High Tech Research Stacks", The New York Times, Tom Mashberg, November 15, 2015

In 2017, Milstein announced a $20 million donation to Cornell University.{{cite news|title=Cornell Receives $20 Million for Program in Technology and Humanity|url=https://philanthropynewsdigest.org/news/cornell-receives-20-million-for-program-in-technology-and-humanity|date=October 22, 2017|website=Philanthropy News Digest}}{{cite news|last=Williams|first=Tate|title=A University Gift to Get the Tech World and Humanity Better Acquainted|url=https://www.insidephilanthropy.com/home/2017-11-5-a-cornell-donation-to-get-the-tech-world-and-humanity-better-acquainted|date=November 5, 2017|website=Inside Philanthropy}} Milstein runs the Howard & Abby Milstein Foundation.{{cite web|title=Howard & Abby Milstein Foundation|url=https://howardandabbymilsteinfoundation.org/|access-date=April 6, 2025|website=Howard & Abby Milstein Foundation}} He serves as chairman of the American Skin Association,{{cite web|title=Howard P. Milstein, Chairman|url=https://www.americanskin.org/about/howardmilstein.php|access-date=April 6, 2025|website=American Skin Association}} and sits on the boards of the Nicklaus Children's Health Care Foundation,{{cite web|title=Executive Chairman, Howard Milstein|url=https://nicklaus.com/the-company/leadership/howard-milstein/|access-date=April 6, 2025|website=Nicklaus Companies}} and the National September 11 Memorial Foundation.{{cite web|title=Board of Trustees|url=https://www.911memorial.org/about/board-trustees/howard-milstein|website=9/11 Memorial & Museum}} He is the former chairman of the New York Blood Center.{{cite news|title=Howard Milstein|url=https://huntingtonsdiseasenews.com/news/new-york-blood-center-and-howard-and-abby-milstein-foundation-partner-to-develop-stem-cell-technology/|date=October 2, 2015|website=Huntington's Disease News}}

He is married to Abby Sniderman Milstein, chair of the Board of Trustees of the New York Public Library.{{cite web|url=https://www.nytimes.com/1976/06/21/archives/abby-sniderman-pittsburgh-bride.html |title=

Abby Sniderman Pittsburgh Bride |work=New York Times |date=June 21, 1976}}{{cite web|url = https://www.nypl.org/press/abby-s-milstein-named-chair-board-trustees-new-york-public-library |title=Abby S. Milstein Named Chair of the Board of Trustees of The New York Public Library |website=nypl.org |date=November 9, 2022}} They have one son, Michael, born in 1989.{{cite web| url = https://milstein-program.as.cornell.edu/about-milsteins| title = About the Milsteins {{!}} Milstein Program in Technology & Humanity Cornell Arts & Sciences}}

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Category:Living people

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Category:Year of birth missing (living people)

Category:1950s births