What we miss or lose out on on a local level we more than gain because of her involvement on a national level,” says Marty Nesbitt, who co-founded the Parking Spot airport parking management company with Ms. Pritzker. -- Crain's
|Pritzker (Bloomberg pic)|
While some are jumping for joy and shouting "good riddance" -- Chicago teachers and Hyatt Regency Hotel workers to name but a few -- others who have benefited more directly from Pritzker patronage are crying the blues.
John Canning Jr., founder and chairman of Madison Dearborn Partners, agrees. If she was unable to give because of a conflict of interest, “we'd certainly miss that,” he says. “She's been extremely generous to a lot of causes. That's important.”But more realistic Chicago corporate types know that they will ultimately profit on the Pritzker appointment.
Pritzker, now ranked 255th on the Forbes 400 list of wealthiest Americans, was reportedly in the hunt for that job in 2008. But she withdrew her name apparently because of toxic subprime loans involving a failed bank partially owned by her family. There were also concerns that her $1.8 billion net worth included offshore accounts.Aside from Hyatt,
Pritzker is also the co-founder of PSP Capital Partners LLC and Pritzker Realty Group in Chicago and Artemis Real Estate Partners LLC in Chevy Chase, Md., just outside the capital.
It's unclear if the export of school privatization companies and charter operators to other countries, will be included in her Commerce Dept. portfolio.