Freddie Dalton Thompson was an American politician, lobbyist, columnist and radio personality. Thompson, a Republican, served in the United States Senate representing Tennessee from 1994 to 2003, was a GOP presidential candidate in 2008. Thompson served as chairman of the International Security Advisory Board at the United States Department of State, was a member of the U. S.–China Economic and Security Review Commission, a member of the Council on Foreign Relations, was a Visiting Fellow with the American Enterprise Institute, specializing in national security and intelligence. As an actor, Thompson appeared in a number of movies and television shows including The Hunt for Red October, Die Hard 2, In the Line of Fire, Cape Fear, as well as in commercials, he portrayed governmental authority figures and military men. In the final months of his U. S. Senate term in 2002, Thompson joined the cast of the NBC television series Law & Order, playing Manhattan District Attorney Arthur Branch. Thompson was born in Sheffield, Alabama, on August 19, 1942, the son of Ruth Inez and Fletcher Session Thompson, an automobile salesman.
Thompson had distant Dutch ancestry. He attended public school in Lawrenceburg, graduating from Lawrence County High School, where he played high-school football. Thereafter, he worked days in the local post office, nights at the Murray bicycle assembly plant. Thompson entered Florence State College, becoming the first member of his family to attend college, he transferred to Memphis State University, now the University of Memphis, where he earned a double degree in philosophy and political science in 1964, as well as scholarships to both Tulane and Vanderbilt law schools. He went on to earn his Juris Doctor degree from the Vanderbilt Law School in 1967. Thompson was admitted to the state bar of Tennessee in 1967. At that time, he shortened his first name from Freddie to Fred, he worked as an assistant U. S. attorney from 1969 to 1972 prosecuting bank robberies and other cases. Thompson was the campaign manager for Republican U. S. Senator Howard Baker's re-election campaign in 1972, was minority counsel to the Senate Watergate Committee in its investigation of the Watergate scandal.
In the 1980s, Thompson worked as an attorney, with law offices in Nashville and Washington, DC, handling personal injury claims and defending people accused of white collar crimes. He accepted appointments as special counsel to the Senate Foreign Relations Committee, special counsel to the Senate Intelligence Committee, member of the Appellate Court Nominating Commission for the State of Tennessee, his clients included Japan's Toyota Motors Corporation. Thompson served on various corporate boards, he did legal work and served on the board of directors for engineering firm Stone & Webster. In 1973, Thompson was appointed minority counsel to assist the Republican senators on the Senate Watergate Committee, a special committee convened by the U. S. Senate to investigate the Watergate scandal. Thompson was sometimes credited for supplying Republican Senator Howard Baker's famous question, "What did the President know, when did he know it?" This question is said to have helped frame the hearings in a way that led to the downfall of President Richard Nixon.
A Republican staff member, Donald Sanders, found out about the White House tapes and informed the committee on July 13, 1973. Thompson was informed of the existence of the tapes, he, in turn, informed Nixon's attorney, J. Fred Buzhardt. "Even though I had no authority to act for the committee, I decided to call Fred Buzhardt at home," Thompson wrote, "I wanted to be sure that the White House was aware of what was to be disclosed so that it could take appropriate action." Three days after Sanders's discovery, at a public, televised committee hearing, Thompson asked former White House aide Alexander Butterfield the famous question, "Mr. Butterfield, were you aware of the existence of any listening devices in the Oval Office of the President?" Thereby publicly revealing the existence of tape recordings of conversations within the White House. National Public Radio called that session and the discovery of the Watergate tapes "a turning point in the investigation."Thompson's appointment as minority counsel to the Senate Watergate committee upset Nixon, who believed Thompson was not skilled enough to interrogate unfriendly witnesses and would be outfoxed by the committee Democrats.
According to historian Stanley Kutler, however and Baker "carried water for the White House, but I have to give them credit—they were watching out for their interests, too... They weren't going to mindlessly go down the tubes."Journalist Scott Armstrong, a Democratic investigator for the Senate Watergate Committee, is critical of Thompson for having disclosed the committee's knowledge of the tapes to Buzhardt during an ongoing investigation, says Thompson was "a mole for the White House" and that Thompson's actions gave the White House a chance to destroy the tapes. Thompson's 1975 book At That Point in Time, in turn, accused Armstrong of having been too close to The Washington Post's Bob Woodward and of leaking committee information to him. In response to renewed interest in this matter, in 2007 during his presidential campaign, Thompson said, "I'm glad all of this has caused someone to read my Watergate book though it's taken them over 30 years." In 1977, Thompson represented Marie Ragghianti, a former Tennessee Parole Board chair, who h
Henry R. Kravis is an American businessman and philanthropist, he is the co-founder of Kohlberg Kravis Roberts & Co. a global investment firm with a market cap of $16.5 billion as of October 2017. He had an estimated net worth of $5.8 billion as of July 2018, ranked by Forbes as the 365th richest person in the world. Kravis was born into a Jewish family in Tulsa, the son of Bessie and Raymond Kravis, a successful Tulsa oil engineer, a business partner of Joseph P. Kennedy. Kravis began his education at Eaglebrook School, followed by high school at the Loomis Chaffee School, where he participated in student government and was elected vice president of the student council his senior year, he majored in economics. He was a member of the CMC varsity golf teams for four years and was a member of the Knickerbockers student service organization, he served as his sophomore class Secretary/Treasurer. He graduated from CMC in 1967 before going on to Columbia Business School, where he received an MBA degree in 1969.
After working at various jobs in New York City's financial sector, he and his first cousin, George R. Roberts, joined the staff of Bear Stearns. Kravis and Roberts share an immigrant from Russia. There, they worked under the corporate finance manager, Jerome Kohlberg, Jr.. They both became partners at Bear Stearns at a young age, 30 and 31. Working for Bear Stearns in the late 1960s and early 1970s, alongside Kohlberg and Roberts began a series of what they described as "bootstrap" investments. In the following years Kohlberg and Kravis and Roberts would complete a series of buyouts including Stern Metals, Cobblers Industries, Boren Clay as well as Thompson Wire, Eagle Motors and Barrows through their investment in Stern Metals. Although they had a number of successful investments, the $27 million investment in Cobblers ended in bankruptcy. Kravis and his associates created a series of limited partnerships to acquire these various corporations, ones they judged were performing well below their sales and profit potential or where there were untapped financial assets that could be monetized.
By 1976, tensions had built up between Bear Stearns and the trio of Kohlberg and Roberts leading to their departure and the formation of Kohlberg Kravis Roberts in that year. Most notably, Bear Stearns executive Cy Lewis had rejected repeated proposals to form a dedicated investment fund within Bear Stearns and Lewis took exception to the amount of time spent on outside activities. Kravis and Roberts invested $120,000 of their own capital in their new firm. Early investors in KKR included the Griffith family. By 1978, with the revision of the ERISA regulations, the nascent KKR was successful in raising its first institutional fund with $30 million of investor commitments. In 1987, Jerome Kohlberg, Jr. resigned from KKR, Henry Kravis and George Roberts continued to lead the firm. Under Kravis and Roberts the firm was responsible for the 1988 leveraged buyout of RJR Nabisco. At a cost of $31.4 billion, it was the highest price paid for a commercial enterprise. The publicity surrounding the event led to the story being dramatized in the book and film, Barbarians at the Gate.
Kravis was portrayed in the film by actor Jonathan Pryce. In early 1995, KKR divested its remaining holdings in RJR Nabisco, taking an overall loss on the deal. A journalist for the New York Times wrote a few years that "the deal will go down in history as showing just how difficult it can be to get out of a huge deal that goes badly, of the perils of putting too much money on one investment." KKR pledged not to commit so much of its fund to a single investment again in the future. However, other investments proved more profitable, the fund still did well overall; the list of companies in which Henry Kravis's KKR has invested over the years includes health care provider Hospital Corporation of America, TXU, Beatrice Foods, Toys "R" Us, First Data and Regal Entertainment Group. A takeover of the battery maker Duracell proved profitable. On December 24, 2013, KKR closed their first real estate specific investment fund, which raised $1.2 billion of new money to invest. With additional funds from within KKR, the new fund provided over $1.5 billion to utilize.
In July 2017, Kravis and Roberts announced that they would be succeeded by Joseph Y. Bae and Scott C. Nuttall, who were named co-presidents and co-chief operating officers so that they might take over daily operations. Kravis has been married three times, his first marriage to Helene Diane "Hedi" Shulman ended in divorce. They had three children, Harrison S. Kravis, Robert R. Kravis, Kimberly Kravis Schulhof. Hedi remarried to James Thompson Ruger, son of William B. Ruger and died of cancer on April 2, 1997 at age 49. Kravis married New York designer Carolyne Roehm in 1985, but the marriage ended in divorce in 1993; the home decorated for the couple by Robert Denning and Vincent Fourcade was parodied in the 1990 movie The Bonfire of the Vanities. Kravis is married to a prominent Canadian economist, former columnist and TV personality in Canada, Marie-Josée Drouin, she sits on the boards of the Memorial Sloan-Kettering Cancer Center, the Robin Hood Foundation, is the president of the Museum of Modern Art board of directors.
Kravis lives in New York City and has a seasonal residence in Palm Beac
A leveraged buyout is a financial transaction in which a company is purchased with a combination of equity and debt, such that the company's cash flow is the collateral used to secure and repay the borrowed money. The use of debt, which has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition; the cost of debt is lower inter alia because interest payments reduce corporate income tax liability, whereas dividend payments do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity; the term LBO is employed when a financial sponsor acquires a company. However, many corporate transactions are funded by bank debt, thus also representing an LBO. LBOs can have many different forms such as management buyout, management buy-in, secondary buyout and tertiary buyout, among others, can occur in growth situations, restructuring situations, insolvencies.
LBOs occur in private companies, but can be employed with public companies. As financial sponsors increase their returns by employing a high leverage, they have an incentive to employ as much debt as possible to finance an acquisition; this has, in many cases, led to situations in which companies were "over-leveraged", meaning that they did not generate sufficient cash flows to service their debt, which in turn led to insolvency or to debt-to-equity swaps in which the equity owners lose control over the business to the lenders. LBOs have become attractive as they represent a win-win situation for the financial sponsor and the banks: the financial sponsor can increase the rate of returns on its equity by employing the leverage. Banks can increase their likelihood of being repaid by obtaining security; the amount of debt that banks are willing to provide to support an LBO varies and depends, among other things, on: The quality of the asset to be acquired The amount of equity supplied by the financial sponsor The history and experience of the financial sponsor The overall economic environmentFor companies with stable and secured cash flows, debt volumes of up to 100% of the purchase price have been provided.
In situations of "normal" companies with normal business risks, debt of 40–60% of the purchase price are usual figures. The possible debt ratios vary among the regions and the target industries. Depending on the size and purchase price of the acquisition, the debt is provided in different tranches. Senior debt: This debt is secured with the assets of the target company and has the lowest interest margins Junior debt: this debt has no securities and thus bears higher interest marginsIn larger transactions, sometimes all or part of these two debt types is replaced by high yield bonds. Depending on the size of the acquisition, debt as well as equity can be provided by more than one party. In larger transactions, debt is syndicated, meaning that the bank who arranges the credit sells all or part of the debt in pieces to other banks in an attempt to diversify and hence reduce its risk. Another form of debt, used in LBOs are seller notes in which the seller uses parts of the proceeds of the sale to grant a loan to the purchaser.
Such seller notes are employed in management buyouts or in situations with restrictive bank financing environments. Note that in close to all cases of LBOs, the only collateralization available for the debt are the assets and cash flows of the company; the financial sponsor can treat their investment as common equity or preferred equity among other types of securities. Preferred equity has payment preferences to common equity. In addition to the amount of debt that can be used to fund leveraged buyouts, it is important to understand the types of companies that private equity firms look for when considering leveraged buyouts. While different firms pursue different strategies, there are some characteristics that hold true across many types of leveraged buyouts: Stable cash flows - The company being acquired in a leveraged buyout must have sufficiently stable cash flows to pay its interest expense and repay debt principal over time. So mature companies with long-term customer contracts and/or predictable cost structures are acquired in LBOs.
Low fixed costs - Fixed costs create substantial risk for Private Equity firms because companies still have to pay them if their revenues decline. Little existing debt - The "math" in an LBO works because the private equity firm adds more debt to a company's capital structure, the company repays it over time, resulting in a lower effective purchase price. Valuation - Private equity firms prefer companies that are moderately undervalued to appropriately valued. Strong management team - Ideally, the C-level executives will have worked together for a long time and will have some vested interest in the LBO by rolling over their shares when the deal takes place; the first le
In finance, a high-yield bond is a bond, rated below investment grade. These bonds have a higher risk of default or other adverse credit events, but pay higher yields than better quality bonds in order to make them attractive to investors; the holder of any debt is subject to interest rate risk and credit risk, inflationary risk, currency risk, duration risk, convexity risk, repayment of principal risk, streaming income risk, liquidity risk, default risk, maturity risk, reinvestment risk, market risk, political risk, taxation adjustment risk. Interest rate risk refers to the risk of the market value of a bond changing due to changes in the structure or level of interest rates or credit spreads or risk premiums; the credit risk of a high-yield bond refers to the probability and probable loss upon a credit event, or a credit quality change is issued by a rating agency including Fitch, Moody's, or Standard & Poors. A credit rating agency attempts to describe the risk with a credit rating such as AAA.
In North America, the five major agencies are Standard & Poor's, Moody's, Fitch Ratings, Dominion Bond Rating Service and A. M. Best. Bonds in other countries may be rated by local credit rating agencies. Rating scales vary. Government bonds and bonds issued by government-sponsored enterprises are considered to be in a zero-risk category above AAA. Bonds rated higher are called investment grade bonds. Bonds rated lower than investment grade on their date of issue are called speculative grade bonds, or colloquially as "junk" bonds; the lower-rated debt offers a higher yield, making speculative bonds attractive investment vehicles for certain types of portfolios and strategies. Many pension funds and other investors, are prohibited in their by-laws from investing in bonds which have ratings below a particular level; as a result, the lower-rated securities have a different investor base than investment-grade bonds. The value of speculative bonds is affected to a higher degree than investment grade bonds by the possibility of default.
For example, in a recession interest rates may drop, the drop in interest rates tends to increase the value of investment grade bonds. The original speculative grade bonds were bonds that once had been investment grade at time of issue, but where the credit rating of the issuer had slipped and the possibility of default increased significantly; these bonds are called "fallen angels". The investment banker Michael Milken realized that fallen angels had been valued less than what they were worth, his time with speculative grade bonds started with his investment in these. Only did he and other investment bankers at Drexel Burnham Lambert, followed by those of competing firms, begin organizing the issue of bonds that were speculative grade from the start. Speculative grade bonds thus became ubiquitous in the 1980s as a financing mechanism in mergers and acquisitions. In a leveraged buyout, an acquirer would issue speculative grade bonds to help pay for an acquisition and use the target's cash flow to help pay the debt over time.
In 2005, over 80% of the principal amount of high-yield debt issued by U. S. companies went toward corporate purposes rather than buyouts. In emerging markets, such as China and Vietnam, bonds have become important as term financing options, since access to traditional bank credits has always been proved to be limited if borrowers are non-state corporates; the corporate bond market has been developing in line with the general trend of capital market, equity market in particular. High-yield bonds can be repackaged into collateralized debt obligations, thereby raising the credit rating of the senior tranches above the rating of the original debt; the senior tranches of high-yield CDOs can thus meet the minimum credit rating requirements of pension funds and other institutional investors despite the significant risk in the original high-yield debt. When such CDOs are backed by assets of dubious value, such as subprime mortgage loans, lose market liquidity, the bonds and their derivatives become what is referred to as "toxic debt".
Holding such "toxic" assets led to the demise of several investment banks such as Lehman Brothers and other financial institutions during the subprime mortgage crisis of 2007–09 and led the US Treasury to seek congressional appropriations to buy those assets in September 2008 to prevent a systemic crisis of the banks. Such assets represent a serious problem for purchasers because of their complexity. Having been repackaged several times, it is difficult and time-consuming for auditors and accountants to determine their true value; as the recession of 2008–09 hit, their value decreased further as more debtors defaulted, so they represented a depreciating asset. Those assets that might have gone up in value in the long-term depreciated quickly becoming "toxic" for the banks that held them. Toxic assets, by increasing the variance of banks' assets, can turn otherwise healthy institutions into zombies. Insolvent banks made too few good loans creating a debt overhang problem. Alternatively insolvent banks with toxic assets sought out risky speculative loans
Columbia Pictures Television
Columbia Pictures Television, Inc. was launched on May 6, 1974 by Columbia Pictures as an American television production and distribution studio. It is the second name of the Columbia Pictures television division Screen Gems. For 26 years, the company was active from 1974 until 2001, when it was folded into Columbia TriStar Television, a merger between Columbia Pictures Television and TriStar Television. A separate entity of CPT continues to exist on paper as an intellectual property holder, under the moniker CPT Holdings to hold the copyright for the TV show The Young and the Restless, as well as old incarnations from the company's television library such as What's Happening!!. The studio was suggested by David Gerber; as the successor in interest to Screen Gems, it assumed productions of the daytime soap operas Days of Our Lives and The Young and the Restless. Its first produced series is the sitcom, it was slated to be a Screen Gems production. On June 13, 1977, CPT acquired worldwide distribution rights to Barney Miller and Fish from Danny Arnold, Quinn Martin's Barnaby Jones and Soap from Witt/Thomas/Harris Productions.
On June 27, CPT bought domestic distribution rights to four series made by Spelling-Goldberg Productions including S. W. A. T. Starsky & Hutch, Charlie's Angels and Family from Metromedia Producers Corporation. From 1978 to 1986, CPT co-produced series with Spelling-Goldberg including Fantasy Island, Hart to Hart, T. J. Hooker. On February 19, 1979, CPT acquired TOY Productions, whose output included What's Happening!! and Carter Country. On August 13, 1981, CPT acquired the television assets of Time-Life Films. On May 17, 1982, Columbia Pictures acquired Spelling-Goldberg Productions for more than $40 million; the 1980s brought significant changes to CPT. On June 22, 1982, The Coca-Cola Company bought Columbia Pictures for $750 million. In 1983, Coca-Cola formed CPT Holdings and demerged CPT from Columbia Pictures Industries in 1984 and transferred CPT to CPT Holdings. On January 30, 1984, CPT joined forces with Lexington Broadcast Services Company by creating a joint venture between the two companies called Colex Enterprises to distribute library shows such as Father Knows Best and The Monkees, while throughout the 1980s and 1990s, other shows such as Bewitched, I Dream of Jeannie, The Partridge Family were licensed to The Program Exchange.
The same year, CPT acquired distribution rights to Benson. On June 18, 1985, Norman Lear and Jerry Perenchio sold their company, Embassy Communications, Inc. to Coca-Cola. The company gained the rights to such shows as All in the Family and Son, The Jeffersons, Good Times, Diff'rent Strokes, Archie Bunker's Place, The Facts of Life, One Day at a Time, Who's the Boss? and Silver Spoons, among others. AITF at the time under license by Embassy. Coke made plans to spin-off Embassy Pictures and Embassy Home Entertainment. Under Coca-Cola's ownership, Embassy Married... with Children. The same year, Columbia and LBS Communications launched What's Happening Now!! in first-run syndication. The show was a sequel to the 1970s ABC sitcom What's Happening!!. Major changes took place in 1986. On May 5, Coke acquired Merv Griffin Enterprises, producer of the popular series, Dance Fever, The Merv Griffin Show, the two game shows, Jeopardy! and Wheel of Fortune. In 1986, the former Lear units were merged to become Embassy Communications.
On the same year on August 28, CPT acquired Danny Arnold's Four D Productions, Inc. for $50 million. On November 24, 1986, Coca-Cola regrouped CPT, Embassy Communications, Merv Griffin Enterprises into Coca-Cola Television, Coke formed a new first-run syndication unit. Coca-Cola Telecommunications took some programs that were or slated to be distributed under the Columbia Pictures Television banner including What's Happening Now!!, The Real Ghostbusters and Punky Brewster as well as taking the US distribution rights of Hardcastle and McCormick from Colex. Punky Brewster, a former NBC in-house production, Columbia acquired the rights to Punky from NBC because fin-syn regulations prevented the network from producing more episodes for syndication after they cancelled it. During the fall of 1986, the sitcom Designing Women began a successful seven-year run on CBS; the same year, Tri-Star Pictures formed Tri-Star Television and produced the short-lived series Downtown. Tri-St
Stereophonic sound or, more stereo, is a method of sound reproduction that creates an illusion of multi-directional audible perspective. This is achieved by using two or more independent audio channels through a configuration of two or more loudspeakers in such a way as to create the impression of sound heard from various directions, as in natural hearing, thus the term "stereophonic" applies to so-called "quadraphonic" and "surround-sound" systems as well as the more common two-channel, two-speaker systems. It is contrasted with monophonic, or "mono" sound, where audio is heard as coming from one position ahead in the sound field. Stereo sound has been in common use since the 1970s in entertainment systems such as broadcast radio, TV, recorded music, computer audio, cinema; the word stereophonic derives from the Greek στερεός + φωνή and it was coined in 1927 by Western Electric, by analogy with the word "stereoscopic". Stereo sound systems can be divided into two forms: the first is "true" or "natural" stereo in which a live sound is captured, with any natural reverberation or ambience present, by an array of microphones.
The signal is reproduced over multiple loudspeakers to recreate, as as possible, the live sound. Secondly "artificial" or "pan-pot" stereo, in which a single-channel sound is reproduced over multiple loudspeakers. By varying the relative amplitude of the signal sent to each speaker an artificial direction can be suggested; the control, used to vary this relative amplitude of the signal is known as a "pan-pot". By combining multiple "pan-potted" mono signals together, a complete, yet artificial, sound field can be created. In technical usage, true stereo means sound recording and sound reproduction that uses stereographic projection to encode the relative positions of objects and events recorded. During two-channel stereo recording, two microphones are placed in strategically chosen locations relative to the sound source, with both recording simultaneously; the two recorded channels will be similar, but each will have distinct time-of-arrival and sound-pressure-level information. During playback, the listener's brain uses those subtle differences in timing and sound level to triangulate the positions of the recorded objects.
Stereo recordings cannot be played on monaural systems without a significant loss of fidelity. Since each microphone records each wavefront at a different time, the wavefronts are out of phase; this phenomenon is known as phase cancellation. Clément Ader demonstrated the first two-channel audio system in Paris in 1881, with a series of telephone transmitters connected from the stage of the Paris Opera to a suite of rooms at the Paris Electrical Exhibition, where listeners could hear a live transmission of performances through receivers for each ear. Scientific American reported: "Every one, fortunate enough to hear the telephones at the Palais de l'Industrie has remarked that, in listening with both ears at the two telephones, the sound takes a special character of relief and localization which a single receiver cannot produce.... This phenomenon is curious, it approximates to the theory of binauricular audition, has never been applied, we believe, before to produce this remarkable illusion to which may be given the name of auditive perspective."This two-channel telephonic process was commercialized in France from 1890 to 1932 as the Théâtrophone, in England from 1895 to 1925 as the Electrophone.
Both were services available by coin-operated receivers at hotels and cafés, or by subscription to private homes. Modern stereophonic technology was invented in the 1930s by British engineer Alan Blumlein at EMI, who patented stereo records, stereo films, surround sound. In early 1931, Blumlein and his wife were at a local cinema; the sound reproduction systems of the early "talkies" invariably only had a single set of speakers - which could lead to the somewhat disconcerting effect of the actor being on one side of the screen whilst his voice appeared to come from the other. Blumlein declared to his wife that he had found a way to make the sound follow the actor across the screen; the genesis of these ideas is uncertain, but he explained them to Isaac Shoenberg in the late summer of 1931. His earliest notes on the subject are dated 25 September 1931, his patent had the title "Improvements in and relating to Sound-transmission, Sound-recording and Sound-reproducing Systems"; the application was dated 14 December 1931, was accepted on 14 June 1933 as UK patent number 394,325.
The patent covered many ideas in some not. Some 70 claims include: A "shuffling" circuit, which aimed to preserve the directional effect when sound from a spaced pair of microphones was reproduced via stereo headphones instead of a pair of loudspeakers; these discs used the two walls of the groove at right angles in order to carry th
Peter Riegert is an American actor and film director, best known for his roles as Donald "Boon" Schoenstein in Animal House, "Mac" MacIntyre in Local Hero, glove manufacturer Lou Levov in American Pastoral. He directed the short film By Courier and, along with producer Ericka Frederick, was nominated for the Academy Award for Best Live Action Short Film. On television, he had a recurring role as crooked New Jersey State Assemblyman Ronald Zellman in seasons three and four of the HBO series The Sopranos, appeared as George Moore in the first season of the FX series Damages and portrayed Seth Green's father in the comedy series Dads, he had earlier been nominated for a Primetime Emmy Award for his performance in the HBO film Barbarians at the Gate. Riegert was born in the Bronx, the son of Lucille, a piano teacher, Milton Riegert, a food wholesaler. Riegert grew up in Hartsdale, New York, was raised in a nonobservant Jewish household, he graduated from Ardsley High School in 1964 and from the University at Buffalo.
He worked at a number of jobs, including teaching, waiting tables, social worker before settling on acting as a career. He made his Broadway debut in the musical Dance with Me. Other Broadway credits include The Old Neighborhood, An American Daughter, The Nerd, Censored Scenes From King Kong. Off-Broadway he has appeared in Road to Nirvana, The Birthday Party, Isn't It Romantic, Sexual Perversity in Chicago, A Rosen by Any Other Name. Riegert made his television debut in two episodes of M*A*S*H, he has portrayed New Jersey State Assemblyman Ronald Zellman in The Sopranos and defense attorney Chauncey Zeirko in multiple episodes of Law & Order: Special Victims Unit. He starred opposite former girlfriend Bette Midler in the television adaptation of Gypsy and was featured in the HBO drama Barbarians at the Gate he starred composer Jake Rubin in the miniseries Ellis Island, the final episode of Seinfeld as the president of NBC and the television movie Back When We Were Grownups, he voiced the character of Max Weinstein in the controversial episode "When You Wish Upon a Weinstein" of Family Guy.
Riegert guest starred in a Season 2 episode of Leverage as corrupt lawyer Peter Blanchard. In 2011, Riegert began a multi-episode arc on One Tree Hill as August Kellerman, Nathan's unforgiving college professor. Riegert appeared as the character George Moore in Season 1 of Damages, he appears in a recurring role of Judge Harvey Winter in CBS's The Good Wife. He appeared in Dads as the father of Eli Sachs, played by Seth Green. Riegert appeared in Seasons 3 and 4 of Unbreakable Kimmy Schmidt. More he made a multi-episode guest appearance in the Second half of the Netflix show, "Disjointed". Riegert made his screenwriting and directorial debuts with By Courier, based on a short story by O. Henry, it received an Academy Award nomination for Best Live Action Short Film and won him the Festival Award for Best First Feature at the Marco Island Film Festival. Riegert directed and co-wrote King of the Corner, a 2004 film featured at the Newport Film Festival, it stars Peter Riegert and Isabella Rossellini, includes Eric Bogosian, Dominic Chianese, Beverly D'Angelo and Rita Moreno.
Riegert narrated the audiobook of Michael Chabon's The Yiddish Policemen's Union, nominated for a 2008 Audie Award in literary fiction. He narrated the audiobook of The Voyage of the Narwhal, a mid-19th century romance with the Arctic, read the stories of Raymond Carver, he was the narrator for The First Basket, a documentary film on professional basketball's influence on Jewish culture. Peter Riegert on IMDb Peter Riegert at the Internet Broadway Database IndustryCentral profile AllMovie.com profile Interview with Riegert