Difference between revisions of "Thomas Steyer"

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In February 2014, Steyer announced that his efforts would also look toward 2016 elections. His strategy detailed focusing on states where a candidate who supports acting on climate change faces an opponent who’s a “denier.”<ref name="fearless"/>
 
====2014====
 
====2014====
 
A February 2014 article in the ''New York Times'' profiled Steyer and his plans for the 2014 election season. According to the report, Steyer plans to spend as much as $100 million to pressure federal and state officials to enact climate change laws. The campaign would include attack ads against governors and lawmakers. In February 2014, Steyer hosted a retreat asking donors to raise $50 million which he said he would then match. Among the targets mentioned in the article were [[Florida gubernatorial election, 2014|Governor of Florida]] [[Rick Scott]] (R) and the [[United States Senate elections in Iowa, 2014|U.S. Senate election in Iowa]].<ref>[http://www.nytimes.com/2014/02/18/us/politics/financier-plans-big-ad-campaign-on-environment.html ''New York Times'' "Financier Plans Big Ad Campaign on Climate Change," Accessed February 17, 2014]</ref>
 
A February 2014 article in the ''New York Times'' profiled Steyer and his plans for the 2014 election season. According to the report, Steyer plans to spend as much as $100 million to pressure federal and state officials to enact climate change laws. The campaign would include attack ads against governors and lawmakers. In February 2014, Steyer hosted a retreat asking donors to raise $50 million which he said he would then match. Among the targets mentioned in the article were [[Florida gubernatorial election, 2014|Governor of Florida]] [[Rick Scott]] (R) and the [[United States Senate elections in Iowa, 2014|U.S. Senate election in Iowa]].<ref>[http://www.nytimes.com/2014/02/18/us/politics/financier-plans-big-ad-campaign-on-environment.html ''New York Times'' "Financier Plans Big Ad Campaign on Climate Change," Accessed February 17, 2014]</ref>
  
''Politico'' reported that the $100 million figure was not a ceiling on Steyer's possible spending in 2014. Steyer's organization is called "NextGen Climate Action."<ref>[http://www.nbcnews.com/politics/elections/wealthy-climate-change-activist-spend-millions-midterms-n32761 ''NBC News'' "Wealthy climate-change activist to spend millions on midterms," February 19, 2014]</ref><ref>[http://www.politico.com/story/2014/02/tom-steyer-campaign-donor-103617.html ''Politico'' "Tom Steyer planning $100 million campaign push," February 18, 2014]</ref>  
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''Politico'' reported that the $100 million figure was not a ceiling on Steyer's possible spending in 2014. Steyer's organization is called "NextGen Climate Action."<ref>[http://www.nbcnews.com/politics/elections/wealthy-climate-change-activist-spend-millions-midterms-n32761 ''NBC News'' "Wealthy climate-change activist to spend millions on midterms," February 19, 2014]</ref><ref>[http://www.politico.com/story/2014/02/tom-steyer-campaign-donor-103617.html ''Politico'' "Tom Steyer planning $100 million campaign push," February 18, 2014]</ref>
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According to Betsy Taylor, a leader wealthy climate donors, Steyer’s operation “is going to be very aggressive” and will set itself apart from the efforts of mainstream environmental groups. "They’re fearless. They don’t worry about access to Democratic Party leadership," she said. During the February climate treat, Steyer reportedly mentioned three races that would be targeted in 2014 -- [[Florida gubernatorial election, 2014|Florida Governor]], [[United States Senate elections in Iowa, 2014|U.S. Senator from Iowa]] and [[United States Senate elections in New Hampshire, 2014|U.S. Senator from New Hampshire]].<ref name="fearless">[http://www.politico.com/story/2014/02/tom-steyer-political-spending-103636.html ''Politico'' "Climate billionaire aims to set stage for 2016" February 18, 2014]</ref>  
  
 
In February 2014, [[Mary Landrieu]], U.S. Senator from [[United States Senate elections in Louisiana, 2014|Louisiana]], said she would find it valuable for Steyer to run ads in her re-election campaign. "It would probably help me in my state if he would run his ads," she said.<ref>[http://www.nationaljournal.com/daily/could-tom-steyer-s-anti-keystone-campaign-help-mary-landrieu-she-thinks-so-20140217 ''National Journal'' "Could Tom Steyer's Anti-Keystone Campaign Help Mary Landrieu? She Thinks So.," February 17, 2014]</ref>
 
In February 2014, [[Mary Landrieu]], U.S. Senator from [[United States Senate elections in Louisiana, 2014|Louisiana]], said she would find it valuable for Steyer to run ads in her re-election campaign. "It would probably help me in my state if he would run his ads," she said.<ref>[http://www.nationaljournal.com/daily/could-tom-steyer-s-anti-keystone-campaign-help-mary-landrieu-she-thinks-so-20140217 ''National Journal'' "Could Tom Steyer's Anti-Keystone Campaign Help Mary Landrieu? She Thinks So.," February 17, 2014]</ref>
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====2013====
 
====2013====
 
Steyer spent close to $8 million supporting [[Terry McAuliffe]] (D) in his successful [[Virginia gubernatorial election, 2013|campaign]] for [[Governor of Virginia]] against [[Ken Cuccinelli]].<ref>[http://www.huffingtonpost.com/2014/02/18/tom-steyer-2014-elections_n_4809013.html ''Huffington Post'' "Billionaire Climate Change Activist Tom Steyer Plans $100 Million Ad Push In 2014 Elections," February 19, 2014]</ref><ref>[http://www.thefiscaltimes.com/Articles/2014/02/18/Clash-Billionaire-Titans ''Fiscal Times'' "Clash of the Billionaire Titans," February 18, 2014]</ref>
 
Steyer spent close to $8 million supporting [[Terry McAuliffe]] (D) in his successful [[Virginia gubernatorial election, 2013|campaign]] for [[Governor of Virginia]] against [[Ken Cuccinelli]].<ref>[http://www.huffingtonpost.com/2014/02/18/tom-steyer-2014-elections_n_4809013.html ''Huffington Post'' "Billionaire Climate Change Activist Tom Steyer Plans $100 Million Ad Push In 2014 Elections," February 19, 2014]</ref><ref>[http://www.thefiscaltimes.com/Articles/2014/02/18/Clash-Billionaire-Titans ''Fiscal Times'' "Clash of the Billionaire Titans," February 18, 2014]</ref>

Revision as of 08:39, 26 February 2014

Thomas Steyer
SteyerHeadshot.jpeg
2012 Activity
OpposingProposition 32
Total Donated$500,000
SupportingProposition 39
Total Donated$29,580,000
Personal
ProfessionManagement firm founder
Net Worth$1.2 billion
High SchoolPhillips Exeter Academy
Bachelor'sYale University
Master'sMBA, Stanford
Thomas Steyer is the founder and co-senior managing partner of Farallon Capital Management. CNN has described him as "California's hedge fund king."[1] According to Forbes, in 2008, Steyer's net worth was $1.2 billion.[2] In 2011, the magazine ranked his fortune at $1.3 billion.[3]

Steyer and his wife Kathryn Taylor have four children. They have pledged to donate half their fortune to charity.[4] They own homes in San Francisco and Lake Tahoe, as well as a 2,000-acre ranch in the coastal town of Pescadero.[3]

Political giving

In early October 2012, Steyer and other mega-donors were profiled in the Wall Street Journal. Steyer told that newspaper's reporter that until the reporter informed him of this fact, he had had "no idea" that he was #1 on the list of Bay Area political contributors. He also said, "The only times I've gone to a ballot measure was when I felt the system wasn't functioning."[5]

Candidates

2016

In February 2014, Steyer announced that his efforts would also look toward 2016 elections. His strategy detailed focusing on states where a candidate who supports acting on climate change faces an opponent who’s a “denier.”[6]

2014

A February 2014 article in the New York Times profiled Steyer and his plans for the 2014 election season. According to the report, Steyer plans to spend as much as $100 million to pressure federal and state officials to enact climate change laws. The campaign would include attack ads against governors and lawmakers. In February 2014, Steyer hosted a retreat asking donors to raise $50 million which he said he would then match. Among the targets mentioned in the article were Governor of Florida Rick Scott (R) and the U.S. Senate election in Iowa.[7]

Politico reported that the $100 million figure was not a ceiling on Steyer's possible spending in 2014. Steyer's organization is called "NextGen Climate Action."[8][9]

According to Betsy Taylor, a leader wealthy climate donors, Steyer’s operation “is going to be very aggressive” and will set itself apart from the efforts of mainstream environmental groups. "They’re fearless. They don’t worry about access to Democratic Party leadership," she said. During the February climate treat, Steyer reportedly mentioned three races that would be targeted in 2014 -- Florida Governor, U.S. Senator from Iowa and U.S. Senator from New Hampshire.[6]

In February 2014, Mary Landrieu, U.S. Senator from Louisiana, said she would find it valuable for Steyer to run ads in her re-election campaign. "It would probably help me in my state if he would run his ads," she said.[10]

2013

Steyer spent close to $8 million supporting Terry McAuliffe (D) in his successful campaign for Governor of Virginia against Ken Cuccinelli.[11][12]

2004

In 2004, Steyer was among the country's top five donors to the presidential campaign of Democratic candidate John Kerry. He was a delegate to the 2004 Democratic Party presidential nominating convention. In 2008, he preferred Hillary Clinton to Barack Obama, but once Obama secured the Democratic Party's nomination, Steyer donated and fundraised for the Obama campaign.[3]

Ballot measures

2014

2012

  • As of October 2013, Steyer contributed $500,000 to the campaign against Proposition 32.[5]
  • Steyer was the main financial backer behind Proposition 39. He views Proposition 39 as closing a loophole. Proposition 39 will require multistate businesses to calculate their California income tax liability based on the percentage of their sales in California. He says, "We have a loophole. It is worth over $1 billion a year. We should close the loophole, and that is what we are doing."[13]

2010

In 2010, Steyer contributed over $5 million to the campaign for a "no" vote on California Proposition 23 and $1 million to the campaign to defeat Proposition 26. According to MapLight, Steyer together with his wife, Kathryn Taylor, were the 3rd largest donors to the ballot proposition campaigns for the November 2, 2010 ballot.[14]

Family background

Steyer grew up on the Upper East Side of Manhattan. He attended the Buckley School, Phillips Exeter Academy and Yale, eventually going on to earn an MBA from Stanford.[3]

See also

External links

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