Bruce Levenson is taking the Atlanta Hawks former insurance company, AIG to task over an issue regarding the sale of the team and buyout of Danny Ferry’s contract according to the Atlanta Journal-Constitution. This issue arose after Levenson sold his share of the franchise, along with Atlanta Hawks Basketball & Entertainment (AHBE) in 2015 to Tony Ressler’s group, reveals Forbes.com. AHBE had bought out Ferry, the former general manager’s contract and in doing so claimed that they were covered under the current insurance policy to file for a claim. AIG has refused thus far to pay out any damages or compensation to AHBE and Levenson, even though AHBE’s attorneys say they were obligated to do so. This case has now gone to court where it could be in for a long hearing.
Bruce Levenson is quite an accomplished figure both as an NBA owner, and a businessman. He spent much of his career in journalism going all the way back to his days at the Washington Star, the now defunct paper he worked for while attending American University. He and his friend, Ed Peskowitz started their own publication business in 1977, and that company soon became Unified Communications Group (UCG), the publisher of many industry newsletters and publications. UCG started a subsidiary TechTarget that Levenson has served for on the Board of Directors, and they also are the owners of GasBuddy, a mobile app that displays gas prices at a location.
According to benzinga.com, Levenson also started and chaired several charity foundations to benefit underprivileged children. One such organization is Hoop Dreams, a charity event that raised funds through hosting basketball tournaments in downtown Washington D.C. He also has contributed to the Holocaust Memorial Museum, a place that hits close to home with his Jewish Heritage. Levenson is also a supporter of Birthright Israel, Seeds of Peace, and many other Jewish activist groups.
It is a sad but common occurrence to see people who are supposed to be pensioners still trying to hold down a job and make a living. These are the things that happen when a person does not plan for their sunset when they are still strong. As investment bankers on Vimeo.com and other people that work in the sector, it is important to tell your clients all the important things that they need to understand regarding social security. This is according to one of the top investment bankers of the industry, David Giertz.
There are certain things that he thinks people need to understand regarding investing and especially social security benefits according to soundcloud.com. The first of these tricks that he wants people to understand is the fact that the amount that one will get in benefits depends on their earnings and the manner in which they paid taxes. For instance, when the person makes the mistake of reporting that they are earning less to get fewer taxes; they will benefit less from the social security fund.
Inflation is another of the factors that play a role in determining the amount that one will end up getting as security benefits. In most cases, you will find that the inflation rate has doubled since the 90s. This means that before the calculations are made, the figure will be adjusted upwards in order to put into consideration this change. David Giertz feels that these are some of the details that clients and the public in general needs to understand regarding social security benefits. By letting the public know this, you will be fostering better planning.
About David Giertz
David Giertz is the senior vice president and a main advisor to the Nationwide Investment Services Corporation. He is based in Columbus Ohio. He has decades of experience when it comes to investment banking and has earned a lot of respect because of it.