Stephen Swid | |
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Born | 1940 (age 76–77) |
Nationality | United States |
Education |
Harvard Business School Harvard University Boston Latin School |
Occupation | Businessman and investor |
Known for | founding of SBK Entertainment |
Spouse(s) | Nan G. Swid |
Children | Jill H. Swid Kaki Swid Scott L. Swid |
Stephen Swid (born 1940) is an American businessman and investor. He currently serves as the Chairman and Chief Executive Officer of SESAC, Inc., one of the three performing rights organizations in the USA.
Swid is also noted for founding SBK Entertainment and was also previously the co-owner of General Felt Industries, Sheller-Globe Corporation, Knoll International and the 21 Club, along with partner Marshall Cogan.
Born to a Jewish family, Swid is graduate of Ohio State University, Swid was Founder and Senior Partner of Swid Investors, an investment limited partnership, general partner of City Associates, a private management company, senior investment officer of the Oppenheimer Funds and securities analyst of the Dreyfus Fund.
Swid's first deal was the takeover of General Felt Industries (GFI) in 1974 which he completed with fellow investment banker Marshall Cogan. Swid and Cogan would then merge GFI with Knoll International and use Knoll as a holding company to acquire a series of businesses. For twelve years until July 1986, Swid was Co-Chairman and Co-Chief Executive Officer of Knoll.
Among Swid and Cogan's most notable acquisitions were takeover of the Sheller-Globe Corporation and later the purchase of the 21 Club. Cogan was unsuccessful in his high-profile bids to acquire the Boston Red Sox, Sotheby's and L.F. Rothschild in the buyout boom of the 1980s.