Preston Robert Tisch
68th United States Postmaster General
In office
August 16, 1986 – March 1, 1988
PresidentRonald Reagan
Preceded byAlbert Vincent Casey
Succeeded byAnthony M. Frank
Personal details
Born(1926-04-29)April 29, 1926
New York City, New York, U.S.
DiedNovember 15, 2005(2005-11-15) (aged 79)
New York City, New York, U.S.
Political partyDemocratic
Spouse(s)Joan Hyman
ChildrenSteve Tisch
Jonathan Tisch
Laurie Tisch
EducationUniversity of Michigan (BA)

Preston Robert Tisch (April 29, 1926 – November 15, 2005) was an American businessman[1] who was the chairman and—along with his brother Laurence Tisch—was part owner of the Loews Corporation. From 1991 until his death, Tisch owned 50% of the New York Giants football team and shared ownership of the team with Wellington Mara.

Early life

Tisch was born in 1926 in the Bensonhurst section of Brooklyn, the son of Sadye and Al Tisch. Tisch received a BA degree in economics from the University of Michigan in 1948, and his wife Joan Tisch and his daughter also received degrees at the university. While in college Tisch was a member of Sigma Alpha Mu, a Jewish fraternity.[2]

Career

On August 16, 1986, he was appointed Postmaster General of the United States Postal Service, serving until March 1, 1988.

In 1991, Tisch purchased fifty percent of the New York Giants of the National Football League. The team had been owned by the Mara family since the team’s founding, but the stakes were split at the time between Wellington Mara and his brother Jack’s family, with Jack’s son Tim given control of his father’s share upon his death. Tim was ill at the time, fighting Hodgkin’s disease, and no longer desired to participate in the team’s operations; Tisch and Tim’s family would eventually come to terms on the purchase of their share of the team shortly after the Giants won Super Bowl XXV. During his time as owner, Tisch contributed to the business operations of the team, using his experiences as an executive to manage the team's front office.[3] As an executive, Tisch also served on the NFL's Finance and Super Bowl Policy committees.[4]

Tisch held the share until he died on November 15, 2005, from brain cancer.[5] Tisch's death followed Wellington Mara's death by three weeks and that of his brother, Laurence, by exactly two years. His share of the Giants passed to his son Steve,[6] who co-owns the team with Mara's son John.

Tisch was posthumously inducted into the New York Giants' Ring of Honor in 2010.[7]

Business career

Tisch began his career in business when he opened a hotel, the Grand Hotel in 1946, with his brother, Larry. After years of losing money the hotel burnt down under suspicious circumstances.[8] The brothers continued to expand their hotel business, building the Americana Hotel in Bal Harbor in 1957, designed to attract convention business, one of the first such hotels in the country. Later on, he successfully led the hospitality and hotel industry to a large expansion between the 1960s and 1970s.

Tisch also served for 19 years as chairman of the New York Convention and Visitors Bureau, also known as NYC & Company, which spearheaded NYC’s “The Big Apple” campaign and popularized the New York City nickname. He eventually purchased stock in Loew's Inc. in 1958, owning the company beginning in 1959, and creating Loew's Corporation as a parent company of Loew's Theatres and Loew's Hotels in 1970. Bob was named president and Chief Operating Officer of Loews in 1968. Both Bob and his brother retired as co-CEOs of Loews on December 31, 1998. Loews eventually diversified into fields such as insurance and natural gas.[9][10]

Philanthropy

Tisch Hall at the University of Michigan (Ann Arbor)
Tisch Hall at the University of Michigan (Ann Arbor)

Tisch made substantial donations to his alma maters, leading to these institutions naming buildings and a school after him. Tisch Hall, on the University of Michigan central campus, houses that university's history department. New York University's Tisch School of the Arts and NYU Medical Center's Tisch Hospital are named after Laurence A. and Preston Robert Tisch. NYU's Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management was founded in 1995 and expanded in 1999[11] to meet the needs of a growing student population. In 1997, the Central Park Zoo opened the Tisch Children's Zoo.

Given two months to live by his New York doctors, Tisch lived for 14 more months under care at Duke University Medical Center. In recognition of their efforts, the Tisch family donated $10 million to the Duke Brain Tumor Center which was renamed the Preston Robert Tisch Brain Tumor Center in October 2005.

The Tisch Building in New York City, which is the headquarters of the Gay Men's Health Crisis (GMHC), is named for him and his wife, who is on the GMHC Board of Directors, after they donated $3.5 million for it in March 1997.[12] There is additionally a Preston R. Tisch Professorship in Judaic Studies and the Preston Robert Tisch Tennis Building at the University of Michigan.[13] Tisch was also a founding member of the Association for a Better New York, which took on the task of tackling city problems that had previously fallen to the city's agencies.[14] He additionally helped to found Citymeals on Wheels and personally served meals to the city's elderly.[15] There is a Tisch Center for the Arts at the 92Y in New York, and Tisch Galleries at the Metropolitan Museum of Arts.[16][17] Tisch founded the charity Take the Field, which raised $135 million in public and private funds to repair 43 athletic fields in New York City.[18]

Awards and honors

In 2007, the University at Albany, where the Giants held training camp for many years, named their practice field after Tisch and co-owner Wellington Mara.[23]

Personal life

In 1948, he married Joan Hyman. They had three children: Steve Tisch, Jonathan Tisch, and Laurie Tisch.[24][25][26][27][28][29]

References

  1. ^ The Jewish Week: Obituary "Preston Robert Tisch, 79" by Steve Lipman, November 18, 2005
  2. ^ Jewish Virtual Library: Bob Tisch retrieved April 14, 2012
  3. ^ "Preston Robert Tisch". eventscouncil.org. Events Industry Council. Retrieved 13 January 2022.
  4. ^ "Bob Tisch". Giants.com. New York Giants. Retrieved 13 January 2022.
  5. ^ Martin, Douglas (16 November 2005). "Preston Robert Tisch, Owner of Loews Hotels and Giants, Dies". The New York Times. Retrieved 13 January 2022.
  6. ^ "Steven Tisch". Forbes. Retrieved 13 January 2022.
  7. ^ "Giants Ring of Honor Inductees". giants.com. New York Giants. Retrieved 13 January 2022.
  8. ^ Winans, Christopher (1995). King of Cash. John Wiley & Sons, Inc. ISBN 9780471549239.
  9. ^ Ackman, Dan (2003-11-17). "Tisch, Old-School Billionaire, Was Everywhere - Forbes". Forbes. Retrieved 2016-06-10.
  10. ^ "The Tisch Touch". New York. 1986-05-26.
  11. ^ "History and Mission - Tisch Center". Retrieved 2007-10-31.
  12. ^ Building Blocks In the Battle On AIDS The New York Times. March 30, 1997.]
  13. ^ Arts, University of Michigan College of Literature, Science, and the (1996-01-01). LSAmagazine. UM Libraries.
  14. ^ Martin, Douglas (2005-11-16). "Preston Robert Tisch, Owner of Loews Hotels and Giants, Dies". The New York Times. ISSN 0362-4331. Retrieved 2016-06-10.
  15. ^ "Congressional Record". www.congress.gov. Retrieved 2016-06-10.
  16. ^ "92Y Historical Timeline". www.92y.org. Retrieved 2016-06-10.
  17. ^ Gross, Michael (2010-01-01). Rogues' Gallery: The Secret Story of the Lust, Lies, Greed, and Betrayals That Made the Metropolitan Museum of Art. Broadway Books. ISBN 9780767924894.
  18. ^ "Tisch, Preston Robert". www.conventionindustry.org. Archived from the original on 2016-08-04. Retrieved 2016-06-10.
  19. ^ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  20. ^ "Hospitality Industry to Honor Macy's with 10th Annual Tourism Achievement Award". Hospitality Leader Online.
  21. ^ "Hospitality Industry Hall of Honor Inductees". Hilton College.
  22. ^ "2010 Inductee – The Events Industry Council Hall of Leaders". Events Industry Council.
  23. ^ "UAlbany Dedicates Practice Field in Honor of New York Giants Owners Wellington Mara and Bob Tisch". albany.edu. University at Albany. Retrieved 23 December 2021.
  24. ^ New York Times: "Candlelight Wedding Joins 2 Billionaire Families" By GEORGIA DULLEA April 19, 1988
  25. ^ New York Post: "TISCH TIES KNOT" October 17, 2007
  26. ^ New York Times: "Preston Robert Tisch, Owner of Loews Hotels and Giants, Dies" By DOUGLAS MARTIN November 16, 2005
  27. ^ The New York Observer: The Tisch Family by Anna Schneider-Mayerson December 18, 2006
  28. ^ Huffington Post: "Chellie Pingree Marries Donald Sussman: Congresswoman And Billionaire Hedge Fund Manager Tie The Knot" June 20, 2011
  29. ^ New York Observer: "Laurie Tisch Illuminates Children’s Lives" By Ken Kurson October 24, 2013
Government offices Preceded byAlbert Vincent Casey United States Postmaster General August 16, 1986 – March 1, 1988 Succeeded byAnthony M. Frank