Chicago Tribune du lieu suivant : Chicago, Illinois • Page 2-1

SOURCE: Tribune reporting TRIBUNETRIBUNE FILE PHOTOS SOU SOU SOU SOU SOU SOU SOU SOU RCE RCE RCE RCE RCE rib rib rib rib rib une une une une une re re re re re por por por por por tin tin tin tin tin TRI TRI TRI TRI TRI TRI TRI BUN BUN BUN BUN BUN BUN BUN TRI TRI TRI TRI TRI TRI TRI BUN BUN BUN BUN BUN BUN BUN BUN ILE ILE ILE ILE ILE ILE ILE ILE PH PH PH PH PH PH PH OTO OTO OTO OTO OTO OTO OTO fate Nancy (1948-72) Tom (1950-) John (1953-) Daniel (1959-) Gigi (1962-) Nicholas (1871-1957) Abram Nicholas (1896-1986) Robert (19262011) Donald (193272) Jay (192299) Jack (1904-79) Harry (1893-1957) Nick (1945-) James (1950-) Linda (1953-) Karen (1958-) Matthew (1982-) Liesel (1984-) Penny (1959-) Anthony (1961-) Jay Robert (J.B.) (1965-) Effort to divide billions comes to an end for wealthiest family. Getting here easy. This weekend the Pritzker family reaches the end of a tumultuous 10-year effort to divide its $19 billionfortune, one of the largest. The division of assets among 11 cousins is the result of a dispute that landed on the business pages of newspapers in 2002and played out in the courts for three years. Once the court battles ended, Tom Pritzker, who was put in control of the businesses by his father, Jay, slowly began to unwind the empire.

But when the recession hit, the family had yet to unload many assets, including Hyatt, the crown jewel. During the last two years, Tom has orchestrated a flurry of deals ahead of a Dec. 17 deadline, when, according to a source and court records, the decision-making structure changes. For a family that puts a premium on privacy, one achievement is certain: The final chapter of this saga has ended far more quietly than it began. Penny Pritzker and NickPritzker have moved their offices out of the Hyatt Centerin recent months to their own separate quarters.

Each cousin is now worth more than $1 billion and has the freedom to launch businesses and adopt causes as they wish. Their paths already have diverged. Some of the cousins are focused on the world of corporate finance. Others have decided to use their wealth primarily to pursue philanthropic and creative interests, such as movie-making, music and history. In the business camp are Tom, John, Matthew, Nick, Penny, Anthony and J.B.

While also philanthropic, they are actively involved in trying to turn their billions into more. But they necessarily working together. That complicates matters for people seeking to do deals or raise money from a Pritzker. If they do adeal with one, does that exclude them from dealing with another? actually had breakfast with someone this morning, who was asking about Penny, J.B., Tom and said a source who has done business with The Pritzker Organization. a private equity guy, looking to raise money on a deal-by-deal basis, and he knows he go to all of them.

He wanted to know, one should I go More eclectic in their use of wealth are Daniel, Gigi, James, Linda, Karen and Liesel. Daniel, a rock musician and filmmaker, has made a silent movie. Gigi produced the Oscar-nominated film starring FOCUS PRITZKER FAMILY Presidential Towers in Chicago was one of the real estate holdings sold as the family began to divide its wealth among members. WILLIAM PHOTO Section2 Your Problem? Mix-up puts money in wrong ComEd account; retrieving it not so easy. Jon Yates, Page 5 Outside Opinion End email in the office? being tried, to a degree, but the real issue is using effective, efficient communication at work.

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Shop Your Way Rewards SM members only. Austin Winstonis discovering the lost art of the old-fashioned shave. Each day, the 21-year-old engineering student walks into the dormitory bathroom at the Illinois Institute of Technologytoting a basket of shaving supplies reminiscent of his generation: hand-held bowl, cotton washcloth, round bar of shaving soap, double- edged safety razor, stainless steel straightedge razor, badger-hair shaving brush and a good dose of patience. have to be really careful, because you pay for your said Winston, stretching the skin on his neck with his fingers and running a straightedge razor across his throat. know doing it right when you know the blade is on your skin, but you feel it.

Winston is part of a growing cadre of shaving aficionados turning to the Internet to learn what the convenience-driven, throwaway era of their fathers never taught them. Rather than standing at bathroom sinks next to their dads, the men are sitting in front of computers watching YouTube videos and shaving blogs that demonstrate the intricacies of traditional shaves: how to properly hold a It was a close shave for a lost art Growing cadre of mostly younger men returning to their method Austin Winston, 21, an Illinois Institute of Technology student, uses a straightedge razor. TERRENCE ANTONIO PHOTO By Sandra M. Jones Tribune reporter Pleaseturnto Page5 Upon learning Chicago had landed the big event, an executive with the local tourism council predicted the world attention would make the city more attractive to tourists, while the head of the convention bureau said it would be tremendous shot in the arm for the Chicago convention Looking back on the 1968 Democratic National Convention, not a in the people remember. billy clubs to the body, tear gas, bricks, bottles, Sen.

Abraham Ribicoff calling out tactics in the streets of and the whole world was watching. Chicago, then as now, was still Chicago, with all its innate appeal, but the convention exactly a nationally televised advertisement of its charms. So it goes on the global stage. a big, expensive roll of the dice, as suggested by Mayor Rahm proposed ordinance asking for temporary suspension of spending oversight by theCity Council and seek- ingother security measures for the coming G-8 and NATO summits. Maybe the world sees a glorious skyline and lakefront as a backdrop to world leaders conferring when Chicago hosts the gatheringsMay 19-21.

Maybe it sees a security detail struggling to maintain order amid the chaos of thousands of demonstrators doing all they can to be seen and heard. The events in Chicago could make Occupy Wall Street look like a Boy Scout Jamboree. can have protests that look terribly pleasant and, as Chicago knows historically, end up in police activities that enhance the said Heywood Sanders, a professor in the department of public administration at the University of Texas at San Antonio. go wrong and an enormous opportunity for a community to get a black eye with not necessarily a lot of upside benefit. On the other hand, mayors and business leaders often like things like this as promotional opportunities.

such as the Olympics and the quadrennial political party conventions, tend to come with akind of breathless announcement of a flood of visitors and enormous economic impact and untold benefits, and occasionally some arguments about putting the city on the map. But by and large, those arguments are irrelevant for a city like Chicago, which presumably already Chicago rolling the dice with summits Phil Rosenthal Pleaseturnto Page2 BUSINESS Flip over for By Melissa Harris and Julie Wernau Tribune reporters Pleaseturnto Page2 Product: CTBroadsheet PubDate: 12-18-2011 Zone: ALL Edition: SUN Page: BIZCOV-1 User: grejohnson Time: Color:.