Austin Beutner

Austin Beutner
Nationality American
Education BA in economics at Dartmouth College
Occupation Former CEO, Publisher Los Angeles Times
Known for First Deputy Mayor of Los Angeles
Founder of Evercore Partners

Austin Beutner (born 1960) is an American businessman, civic leader and philanthropist. He co-founded Evercore Partners and is the former publisher and CEO of the Los Angeles Times[1] and the San Diego Union-Tribune.[2] He was also the First Deputy Mayor of Los Angeles in 2011 and ran for Mayor of Los Angeles in 2012.[3] Beutner, the son of immigrants, was born in New York and raised in Grand Rapids, Michigan. His mother is a retired schoolteacher and his father is a retired manufacturing engineer.

Career

Education and early career

Beutner attended Dartmouth College, where he majored in economics. After graduation in 1982 he went to work at Smith Barney as a financial analyst. At the age of 29, he became the youngest partner at The Blackstone Group, one of the largest private equity firms in the world. In the 1990s he co-founded the investment banking group Evercore Partners which went public in 2006.[4]

After the fall of the Soviet Union, Beutner went to work for the U.S. State Department. The Clinton administration tapped him to lead a team into Russia and help transition them from communism to a free-market economy, including the decommission of weapons and other materiel.

He has lectured on his experiences in business, government, and journalism at the University of Southern California Bedrosian Center for Applied Research,[5] the UCLA Anderson School of Management. as well as the Columbia University Graduate School of Journalism.[6]

Business

In 1996 Beutner co-founded Evercore Partners, an American independent investment banking advisory firm, with former Deputy Secretary of the Treasury, Roger Altman. When Evercore went public (NYES-EVR)[7] in 2006, the IPO reportedly made Beutner more than $100 million.[8]

Politics

In January 2010, Beutner was appointed by Antonio Villaraigosa to be the First Deputy Mayor of Los Angeles, focusing on making the city more business-friendly and streamlining permitting processes.[9] In 2013, with Villaraigosa's term ending, Beutner launched a campaign to run for Mayor of Los Angeles, but dropped from the race after a year having captured only 2% of likely voters.[2]

In 2013, Austin Beutner and former U.S. Secretary of Commerce Mickey Kantor Co-Chaired the 2020 Commission[10] to study and report[11] on the fiscal stability and job growth in Los Angeles. One of the report recommendations was to reform the Los Angeles Department of Water and Power (DWP). In 2016 Beutner and Kantor penned an Op-Ed in the Los Angeles Times aimed to bring about reform and changes to the DWP citing that "The city deserves a public utility that is operated in the long-term best interests of its customers, employees and our environment."[12]

Philanthropy & Social Innovation

In 1994 Austin Beutner founded The Beutner Family Foundation with a focus on philanthropy and education for economically disadvantaged people.[13]

In 2009 Austin Beutner and his wife Virginia established a $1-million scholarship fund at the California Institute of the Arts that selects five students annually to receive free tuition of up to $50,000 during their graduating year. The idea is to help the recipients begin their professional careers less saddled with college-loan debt. The Beutners donated an additional $400,000 to provide scholarships for Los Angeles-area high school students to attend CalArts, and they are the primary sponsors of the annual International Children's Film Festival at the CalArts-affiliated REDCAT[14]

In 2012 Beutner founded Vision To Learn.[15] A non-profit that provides children with free eye exams and free glasses by bringing its mobile eye clinics to schools and to other neighborhood youth and community organizations.[16] Since 2012 Vision To Learn has helped more than 48,000[17] school kids with free eye exams and glasses. Since its inception Vision To Learn has expanded to several other states and school districts. Beutner is known to take up causes that help children in the inner city and economically depressed communities.

In 2014, Vision To Learn partnered with the Compton Unified School District to provide free eye exams and glasses to schools kids in their community.[18] Vision To Learn has partnered with other charities including The Los Angeles Dodgers Foundation[19] and recently the LA Clippers Foundation, who are supporting the Inglewood Unified School District.[20] with LA Clipper Chris Paul and former Inglewood High School alumnus and current LA Clipper Paul Pierce.[21]

Mr. Beutner is involved in the community, serving on the Board of Trustees and former Chairman of the Board of the California Institute of the Arts, Chairman of the Board of Directors of The Broad Stage, Chairman of the Governor’s Council on Physical Fitness & Sports and Co-Chairman of the CalArts Community Arts Partnership. He is also Chairman and founder of the Mammoth Mountain Community Foundation. Additionally, he serves on the Boards of Directors of Autism Care & Treatment Today! and Inner City Education Foundation for Public Schools. He is also a member of the Council on Foreign Relations.

In March of 2016, Beutner signed an amicus briefin support of The Deferred Action for Childhood Arrivals (DACA) expansion and the Deferred Action for Parents of Americans (DAPA) which would provide relief for millions of immigrant families and their communities.[22]

Media

In March 2013, a group led by Beutner and Eli Broad announced their intent to purchase the Los Angeles Times from its parent Tribune Publishing.[23] They were unsuccessful.

In 2014, Beutner took over as Publisher and CEO of the Los Angeles Times when Eddy Hartenstein left to become the Non-Executive Chairman of the Board of Tribune Publishing.[24] When Tribune Publishing acquired the San Diego Union-Tribune in 2015, Beutner was named its CEO and Publisher, as well as CEO of the newly formed California News Group.[25]

He was fired as Publisher and Chief Executive Officer of the Los Angeles Times on September 8, 2015. He wrote on Facebook that the dismissal was not voluntary: "I am not departing by choice, nor is this some ‘mutual agreement’ on my part and Tribune Publishing".[26]

In 2015, more than 50 community leaders protested Beutner’s firing including philanthropists, business leaders and two former Los Angeles mayors.[27][28] Media analyst Ken Doctor called Beutner’s departure “a small tragedy for American journalism.[29]” Tom Johnson, former Publisher of the LA Times, wrote “To see Beutner’s leadership abruptly ended by Tribune is both tragic and very sad. Reversing the dynamic momentum Beutner had ignited is reprehensible.[30]”

During Beutner’s 13 months as publisher, the Times won two Pulitzer Prizes — for cultural criticism and for feature writing — along with other national journalism awards for coverage of the California drought, the plight of Mexican farm workers and other stories. The California Newspaper Publishers Assn. awarded the Times its 2015 general excellence award.[31]

References

  1. ↑ Kevin Roderick (August 11, 2014). "Austin Beutner goes from potential buyer to publisher of LA Times". LA Observed.
  2. 1 2 Andrea Chang (May 7, 2015). "L.A. Times parent to buy San Diego paper, expanding reach in Southern California". Los Angeles Times.
  3. ↑ http://www.latimes.com/business/la-fi-austin-beutner-los-angeles-times-publisher-20140811-story.html#page=1
  4. ↑ Christopher Goffard (August 11, 2014). "Austin Beutner named publisher and CEO of Los Angeles Times". Los Angeles Times.
  5. ↑ "Austin Beutner | Bedrosian Center | USC". bedrosian.usc.edu. Retrieved 2016-03-05.
  6. ↑ Columbia Journalism School (2015-10-22), A Conversation With Austin Beutner, retrieved 2016-03-07
  7. ↑ "Evercore". www.evercore.com. Retrieved 2016-03-07.
  8. ↑ "Who is Austin Beutner? - Los Angeles Magazine". Los Angeles Magazine. Retrieved 2016-03-07.
  9. ↑ http://www.kcet.org/updaily/socal_focus/commentary/31361-development-reform-gets-stuck.html
  10. ↑ "Los Angeles 2020 Commission - LA2020". www.la2020reports.org. Retrieved 2016-03-05.
  11. ↑ "A Time for Truth" (PDF). www.la2020reports.org. Retrieved March 4, 2016.
  12. ↑ "It's time to give the DWP a reboot". latimes.com. Retrieved 2016-03-05.
  13. ↑ "Find Grantmakers & Nonprofit Funders | Foundation Directory Online". fdo.foundationcenter.org. Retrieved 2016-03-05.
  14. ↑ "L.A. arts philanthropist Austin Beutner takes first step toward a run for mayor". LA Times Blogs - Culture Monster. 2011-04-15. Retrieved 2016-03-05.
  15. ↑ "Vision To Learn | Providing Free Eye Exams & Free Glasses to Children in Low Income Communities". visiontolearn.org. Retrieved 2016-03-05.
  16. ↑ "Crisis in California's schools: 250,000 schoolchildren need glasses". latimes.com. Retrieved 2016-03-05.
  17. ↑ "Annual Totals | Vision To Learn". visiontolearn.org. Retrieved 2016-03-05.
  18. ↑ "Vision to Learn and Compton Unified Join Forces to Help Children See Better - Los Angeles Sentinel". Los Angeles Sentinel. Retrieved 2016-03-05.
  19. ↑ "Foundation | Vision to Learn". Los Angeles Dodgers. Retrieved 2016-03-05.
  20. ↑ "LA Clippers, Vision To Learn Provide Free Eye Exams and Glasses To All Inglewood Students". LA Clippers. Retrieved 2016-03-05.
  21. ↑ "Visionary program delivers eyeglasses to all Inglewood students in need". www.dailybreeze.com. Retrieved 2016-03-05.
  22. ↑ "United States v. Texas: A Fight for Families". www.fightforfamilies.org. Retrieved 2016-03-24.
  23. ↑ http://www.hollywoodreporter.com/news/billionaire-eli-broad-teams-financier-428784
  24. ↑ http://variety.com/2014/biz/news/los-angeles-times-taps-austin-beutner-as-publisher-and-ceo-1201279971/
  25. ↑ http://www.latimes.com/business/la-me-newspaper-sale-20150507-story.html#page=1
  26. ↑ Ravi Somaiya (September 8, 2015). "Austin Beutner Ousted as Los Angeles Times Publisher". New York Times.
  27. ↑ "A billionaire, a fired publisher, and a spectacle at the LA Times". Columbia Journalism Review. Retrieved 2016-03-05.
  28. ↑ "LA Civic Leadership Letter to Tribune 9-10-15". Scribd. Retrieved 2016-03-05.
  29. ↑ "Publisher Austin Beutner is fired after a yearlong drive to reshape The Times". latimes.com. Retrieved 2016-03-05.
  30. ↑ "Former LA Times publisher calls Beutner firing 'tragic, reprehensible'". LA Observed. Retrieved 2016-03-05.
  31. ↑ "Pulitzer Prizes for the Los Angeles Times". Los Angeles Times. ISSN 0458-3035. Retrieved 2016-03-07.
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