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Frank A. Weil
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Frank Weil is the Chairman of Abacus and Associates, Inc., a private investment firm in New York, NY. From October 1979 - June 1983 he was a senior partner of the Washington law firms of Ginsburg, Feldman, Weil and Bress, chartered and Wald Harkrader and Ross. Mr. Weil headed the International Trade Administration of the United States Department of Commerce from 1977 - 1979. He was Chairman of the Finance Committee and Chief Financial Officer of the investment firm of Paine, Webber Inc. from 1972 - 1977.

Mr. Weil has served on the for-profit boards of directors of MirrorWorldsTechnologies,SyVox Corporation, Exxel Container, Inc.; Geico Corp.; Paine Webber, Inc.; Cambridge Royalty, Inc.; Dorr-Oliver, Inc.; Hamburg Savings Bank, NYC; J.B. Lippincott Company, Philadelphia and Victory Mutual Funds, Cleveland.

Mr. Weil was a Trustee and Vice Chair of The Asia Society in New York City and was Chairman and a member of the National Board of the Smithsonian Institution in Washington, D.C. Mr. Weil is a member of the Century Association and Harvard Club (both in New York City) and the Metropolitan Club (Washington, D.C.).

In not-for-profit activities, Mr. Weil has also served on the boards of directors of the National Democratic Institute for International Affairs, the Center for National Policy, as Vice Chairman of the Board of Governors of the Atlantic Institute for International Affairs and Inform. He is a member of the Council on Foreign Relations in New York. Mr. Weil served on the Board of Directors of the Council for Excellence in Government from 1982 – present and was Chairman from 1988 - 1993.

He is a director and President of Hickrill Foundation and Treasurer of the Norman Foundation. He was President of the Education Alliance (NYC); a trustee of Montefiore Hospital and Albert Einstein Medical School (NYC); Teachers College/Columbia University, and Hurricane Island Outward Bound School (Maine); Trustee and Vice Chairman of Northern Westchester Hospital; Trustee and Chairman of the Board of the Harvey School, Katonah, New York; Trustee and Secretary of the Federation of Jewish Philanthropies of New York. Mr. Weil served on the Visiting Committee of the John F. Kennedy School of Government and Committee on University Resources at Harvard from 1972 - 1998. He was a member of the Advisory Board at the School for Advanced International Studies, John Hopkins University.

In the field of public policy, Mr. Weil served as Chairman of the Committee on Taxation of the New York State Economic Development Board from 1975 - 1977, and Chairman of the New York State Board of Equalization and Assessment from 1976 - 1977. In 1986 he served on the New York State Advisory Commission on Liability Insurance and has served on Governor Cuomo's New York State Council on Fiscal and Economic Priorities and its sub-committee on New York City Transit.

Mr. Weil was born on February 14, 1931 in Bedford, New York. He graduated cum laude from Harvard College in 1953 and from Harvard Law School in 1956. He is domiciled in Wilson, Wyoming and maintains residences there and in New York City, Washington, DC and Stonington, Maine. He has been married to the former Denie Sandison since 1951. They have four children, nine grandchildren and one great-grandchild.

Blog Entries by Frank A. Weil

Four Elements of Human Process, Often Overlooked

Posted February 6, 2012 | 2/6/12

Long observation and personal experience have taught me several lessons that apparently remain opaque to many people. Accordingly, perhaps there is benefit in spelling them out to bring the essentials to the attention of folks who might be interested.

Growth: We grow in many ways: physically, mentally and emotionally, for...

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Time Is Nothing?

1 Comments | Posted February 2, 2012 | 2/2/12

Time is a construct of man to organize life on earth into a manageable process that can be utilized by virtually all of mankind, regardless of language, location or origin. And indeed, that process takes into account the daily rotation of earth and its yearly rotation of its star, the...

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Greek Fury at the EU Suggestion for a Financial Control Board

Posted January 31, 2012 | 1/31/12

The drama of this century to date plays on with amazing speed and volatility. The Greek government and people, despite more than enough reasons for some of them to either be in jail or in purgatory, are now into dignity, independence and hysterical, historical self-justification. Don't get me wrong --...

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Real Consequences of Income Inequality

2 Comments | Posted January 20, 2012 | 1/20/12

As we go about our lives in this presidential election year we know, hear and read about rapidly growing income disparity, particularly in the United States and Europe. While we know that this is a problem that can lead to civil unrest and worse, and while we see various examples...

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A Note of Interest Concerning Family Philanthropy

2 Comments | Posted January 9, 2012 | 1/9/12

The term "family foundation" is fairly common today, but it is rarely thought about in terms of what it means in contrast to other types of foundations - personal, corporate or institutional. No doubt there are many types of family foundations. This family has struggled to find and give meaning...

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Politics in America After Iowa in 2012

2 Comments | Posted January 6, 2012 | 1/6/12

The caucuses in Iowa are really amazing. They combine the best and worst of comedy, tragedy, drama, surprise, boredom, suspense and, most important of all, a tiny peek at the genius of the American political system at a microscopic level.

When we compare the political scenery from Iran, Syria, Egypt,...

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Working With Roosevelt

4 Comments | Posted January 5, 2012 | 1/5/12

In an effort to learn more about the magic of presidential power and style, I came across a book last summer which deserves real attention again, more than 50 years after it was published in 1952 by Harpers & Co. Written by Samuel I. Rosenman, who had been the chief...

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A Holiday Gift Idea, Worth Sharing

Posted December 2, 2011 | 12/2/11

The prevailing mood seems to reflect that the end of the world, as we have known it, is near. Wherever I turn, I hear people groaning:

  • Europe is headed for bankruptcy;
  • China has a new leader coming and is stepping on its brakes;
  • the U.S. is in a...
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Arrogance of Self-Appointed Judges of U.S. Credit

Posted November 29, 2011 | 11/29/11

First, S&P and Moody have made hash out of their duty to be independent and assess the worthiness of bucketsful of real estate-related securities in the first decade of this century. Now on the rebound they are trying to regain their balance and reputations by heroically assessing and talking about...

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An Imagined Speech, Yearned for by Many

Posted November 11, 2011 | 11/11/11

Folks, people keep telling me I have lost the narrative and am not coming across in a way that explains the economy and what my administration is trying to do about it. I thought I was laying it out in a straightforward and simple way, but perhaps it requires more...

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Economics Without Tears?!

Posted November 8, 2011 | 11/8/11

It is certainly neither accidental nor irrelevant that economics was dubbed "the dismal science" by Thomas Carlyle in the 19th century. The term was intended then to be derogatory, as an inversion of the phrase "gay science" which meant "life enhancing knowledge." In all events, 'dismal' implies 'gloom and depression'...

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Are the Best Things in Life Still Free?

Posted November 3, 2011 | 11/3/11

What people get free in life, they tend not to value highly, conversely, when people become invested in something -- via money and/or effort -- they generally attach real importance and value to it. That principle applies pretty equally to gorgeous sunsets as well as to more personal and tangible...

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An Insider's View of Occupy Wall Street

Posted October 27, 2011 | 10/27/11

To begin, I should point out that what is called "Wall Street" is not a monolith. Rather, it is like a giant global octopus with a central purpose (raising money for productive investment) and many different tentacles that have a broad reach, not all of which went awry in the...

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Answers to Questions Rarely Asked

Posted October 12, 2011 | 10/12/11

One of President Obama's (POTUS) clear frustrations today, as Drew Westen pointed out in his August 6th prominent New York Times article, is the difficulty in telling "stories" necessary to support his current and strategic goals, as FDR used radio fireside chats. There are even better media today that can...

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MeddyBemps

Posted August 9, 2011 | 8/9/11

Believe it or not there is a town with that name deep in the lakes of Maine, off of what has been known as the Airline road since before airplanes became ubiquitous, which, despite its remoteness, is thriving in its own backwoods way. The biggest mystery about this wonderfully named...

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A Prudent Method to Rebuild America

Posted August 1, 2011 | 8/1/11

As the nation begins to emerge from what has been called a disastrous period of reckless endangerment, we are entering a new period in which reckless disengagement, as it relates to the crumbling infrastructure of our bridges, roads, and tunnels, may emerge as an even greater threat. At the same...

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A Beer Standard of Exchange

Posted July 18, 2011 | 7/18/11

In 1950 a beer cost about the same (about 25 cents in U.S. dollars at the time) in Pounds Sterling, French Francs, German Marks, Japanese Yen and many other local currencies that hinged on those bigger countries. But for Americans traveling abroad at that time, the local cost converted back...

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Dratted Deadlines Demand Desperation

Posted July 15, 2011 | 7/15/11

Why, oh why, do we let ourselves get in these pickles where we begin to seriously worry that our leaders will take us over the cliff into an abyss of horror, fear and calamity?

Only a few times in our history have we as a nation acted stupidly and irrationally...

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Our Human Anthill

Posted July 14, 2011 | 7/14/11

I've been wondering a lot lately about how and why our fellow Americans are incapable of collectively making sense out of the nonsense that swirls around us, particularly in the gridlocked political arena.

The other day I was stuck in traffic at a busy corner in mid-Manhattan and watched what...

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The Best of Both Worlds: Collaborative Governance

Posted June 8, 2011 | 6/8/11

For most of the last 200 years either the public sector (government in some form) or the private sector (profit or nonprofit entities) dealt independently with most of the needs of society. When there was a need for both sectors to be involved, a range of methods was employed, from...

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