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 three great-grandchildren.

Blog Entries by Frank A. Weil

Well Informed Versus Ill Informed

(0) Comments | Posted May 24, 2012 | 7:12 PM

Much needed attention is being given today to the growing disparity of income between the few and the many. There are several concerns about this problem that go beyond simple fairness issues.

Too much inequality for too long a time can lead to corrosive relationships between parts of society that...

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Should There Be a "Sell By" Date for Presidential JOBS Responsibility?

(0) Comments | Posted May 24, 2012 | 2:33 PM

In anticipation of this year's election, a big debate is gathering steam -- citing Obama's alleged failures, first in creating job losses and then in not recreating new jobs, versus Romney's so-called record of killing jobs and creating new jobs.

The real facts are simple and clear. Obama is being...

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The Politics of a Grand Bargain in 2012

(12) Comments | Posted May 7, 2012 | 5:00 PM

It is gradually dawning on many Americans that an extraordinary collection of economic and fiscal events will converge at the beginning of next year, the collective impact of which will/would be greater than any other single such moment in our history. These events include: the lapse of the Bush II...

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How Not to Compound a Mistake

(0) Comments | Posted April 26, 2012 | 2:23 PM

After failing to recognize and admit a mistake you've made, and then failing to try to correct that mistake, you're in big trouble.

If you've never fallen into that trap, you probably don't need to continue reading this piece.

On the other hand, if you have ever erred in that...

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Anomie in a World of Social Media

(1) Comments | Posted April 24, 2012 | 4:01 PM

Facebook, Twitter and an almost fully-connected world of the Internet, computers, smartphones and cell phones have surely changed how people relate to the world around them and how they feel about themselves.

Some wired people feel reassured that they are part of an ever-larger, albeit synthetic, crowd of friends. Others...

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The 'JOBS Act' Is a Fraud on America

(28) Comments | Posted April 5, 2012 | 10:00 AM

Who in their right mind could vote against a bill in Congress entitled the "JOBS Act"? The answer obviously is very few members of either house.

How many of those who voted for it knew what was in it? And how many of those who read it connected its provisions...

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An Ironic Spectacle in the Supreme Court

(7) Comments | Posted April 3, 2012 | 3:54 PM

One can list only a dozen or so pivotal Supreme Court cases that really changed the course of citizens' lives in U.S. history. For example, in recent years, Roe v. Wade in respect to women's right of choice, and Brown v. Board of Education in respect to equality among the...

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A Better Outlook Beckons

(2) Comments | Posted March 16, 2012 | 7:45 PM

The combination of hot air from politicians' breath meeting the cold air of economic declines produces fog in much the same way marine salt air fog is created -- and with much the same effect: hard and risky to find one's way around. Now, the global fog seems to be...

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Too Much of a Bad Thing May Be Good

(2) Comments | Posted February 21, 2012 | 4:49 PM

The now infamous Citizen United case, when the Supreme Court opened the flood gates of money into our political process, might just as well have put up a sign saying "GOVERNMENT FOR SALE."

So far the public does not seem to have fully grasped what is happening. "Independent" committees have...

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The Sinews of Society Are Changing

(1) Comments | Posted February 16, 2012 | 8:31 AM

The convergence of a birthday with Valentine's Day (which has been happening to me now for 81 years in a row!) is both a reminder and indicator of changes in how modern society works.

When you think about the world in 1931, the year I was born, well over 40...

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Four Elements of Human Process, Often Overlooked

(1) Comments | Posted February 6, 2012 | 3:36 PM

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 | 9:43 AM

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

(0) Comments | Posted January 31, 2012 | 10:01 AM

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 | 11:22 AM

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 | 1:08 PM

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 | 5:36 PM

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 | 12:28 PM

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

(3) Comments | Posted December 2, 2011 | 11:55 AM

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

(0) Comments | Posted November 29, 2011 | 10:53 AM

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

(1) Comments | Posted November 11, 2011 | 10:17 AM

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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