Posted on 05/06/2010 7:32:17 AM PDT by EveningStar
A founder of Intel, the billionaire donated lavishly to political causes and the arts. He was a key backer of L.A.'s first black mayor, Tom Bradley.
(Excerpt) Read more at latimes.com ...
Was he a statist or a non-statist? (So I’ll know how sad to be).
Sounds like a statist.
From the article:
He was an early supporter of George McGovern during his ill-fated 1972 presidential campaign, then ran Bradley’s successful 1973 bid for mayor. He also was a major backer of Robert F. Kennedy and Jimmy Carter during their presidential bids, and various campaigns of former Gov. Gray Davis. And, with Lear, he was a member of the “Malibu Mafia,” a loose alliance of extremely wealthy Westside Democrats who used their influence to promote liberal causes and candidates.
but he was a billionaire arent they all evil capitalist repubs?
A tough call:
“He did not stay out of politics for long, however. The following year he was the top advisor in then-Los Angeles City Councilman Bradley’s mayoral campaign. He made Gray Davis the campaign’s chief fundraiser, which launched Davis into politics. Bradley, who had lost his first bid for mayor to Sam Yorty in 1969, became the city’s first African American mayor in 1973. He was reelected four times, an unprecedented run that ended with his retirement in 1993.
The 1970s were a heady time for Palevsky, who had joined forces with the Malibu Mafia, a group so named because some of its members, such as Lear, lived in the exclusive Malibu Colony.
But by the end of the decade, he was withdrawing from politics and turning his attention back to the business world. According to Brownstein, the reason was that changes in campaign finance laws were limiting the huge donations that gave clout to wealthy contributors like Palevsky.
Twenty years later, the computer baron-turned-political benefactor was still disenchanted with politics. But this time, his unhappiness stemmed from his conclusion that so-called fat cats, as he had been, had corrupted the political process. He became the biggest backer of Proposition 25, the initiative on the 2000 statewide ballot that sought to limit individual contributions, ban corporate donations and require overnight disclosure of any contributions over $1,000.”
...
http://www.latimes.com/news/obituaries/la-me-0506-max-palevsky-20100506,0,5194658,full.story
Since he LOVED Grey Davis, I suspect he was another hypocritical WEALTHY Demoncrat.
Statist:
"He was an early supporter of George McGovern during his ill-fated 1972 presidential campaign, then ran Bradley's successful 1973 bid for mayor. He also was a major backer of Robert F. Kennedy and Jimmy Carter during their presidential bids, and various campaigns of former Gov. Gray Davis. And, with Lear, he was a member of the "Malibu Mafia," a loose alliance of extremely wealthy Westside Democrats who used their influence to promote liberal causes and candidates."
“but he was a billionaire arent they all evil capitalist repubs?”
Not if you are a flaming liberal!!!!!
He is featured in a chapter in one of Adam Smith’s first two books, either The Money Game or Supercurrency. I forget which one.
It was an interesting take on how he got into computers by studying Philosophy as a major, which his dad considered a waste of time. In the book it mentioned he was worth $50 million (and this was in the late 60’s-early 70’s.
I was going to post the results, but there are too many listings and pages - all funds going to leftists and moonbats.
RIP.
This is what passes for “journalism” today...at least at the LA Times.
Max Palevsky helped FUND Intel, or I should say “Integrated Electronics Corporation”, later changed to Intel, when it was FOUNDED in 1968, along with Arthur Rock and over venture capitalists. Not to demean his accomplishments or role, but FUNDERS are generally not considered to be company FOUNDERS.
(Is it any coincidence that Wikipedia makes the same mistake?)
As for his politics, the man bailed out The Rolling Stone and saved it from extinction. Any more questions ;-)
His widow is Jodie Evans, a co-founder of Code Pink.
Rich s.o.b.s who want to control everyone elses’s life and income are referred to as “philanthropists”,unlike evil right-wing capitalists who simply stick to providing a service or product for profit.Any funding of candidates by conservative millionaires “taints the process”.
I believe they were divorced.
The article referred to her as his wife, but according to Wikipedia, you’re correct.
Good to know. I'm feeling much better already! :)
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