Forum Rules (Everyone Must Read!!!)

1] What you CAN NOT post.

You agree, through your use of this service, that you will not use this forum to post any material which is:
- abusive
- vulgar
- hateful
- harassing
- personal attacks
- obscene

You also may not:
- post images that are too large (max is 500*500px)
- post any copyrighted material unless the copyright is owned by you or cited properly.
- post in UPPER CASE, which is considered yelling
- post messages which insult the Armenians, Armenian culture, traditions, etc
- post racist or other intentionally insensitive material that insults or attacks another culture (including Turks)

The Ankap thread is excluded from the strict rules because that place is more relaxed and you can vent and engage in light insults and humor. Notice it's not a blank ticket, but just a place to vent. If you go into the Ankap thread, you enter at your own risk of being clowned on.
What you PROBABLY SHOULD NOT post...
Do not post information that you will regret putting out in public. This site comes up on Google, is cached, and all of that, so be aware of that as you post. Do not ask the staff to go through and delete things that you regret making available on the web for all to see because we will not do it. Think before you post!

2] Use descriptive subject lines & research your post. This means use the SEARCH.

This reduces the chances of double-posting and it also makes it easier for people to see what they do/don't want to read. Using the search function will identify existing threads on the topic so we do not have multiple threads on the same topic.

3] Keep the focus.

Each forum has a focus on a certain topic. Questions outside the scope of a certain forum will either be moved to the appropriate forum, closed, or simply be deleted. Please post your topic in the most appropriate forum. Users that keep doing this will be warned, then banned.

4] Behave as you would in a public location.

This forum is no different than a public place. Behave yourself and act like a decent human being (i.e. be respectful). If you're unable to do so, you're not welcome here and will be made to leave.

5] Respect the authority of moderators/admins.

Public discussions of moderator/admin actions are not allowed on the forum. It is also prohibited to protest moderator actions in titles, avatars, and signatures. If you don't like something that a moderator did, PM or email the moderator and try your best to resolve the problem or difference in private.

6] Promotion of sites or products is not permitted.

Advertisements are not allowed in this venue. No blatant advertising or solicitations of or for business is prohibited.
This includes, but not limited to, personal resumes and links to products or
services with which the poster is affiliated, whether or not a fee is charged
for the product or service. Spamming, in which a user posts the same message repeatedly, is also prohibited.

7] We retain the right to remove any posts and/or Members for any reason, without prior notice.


Members are welcome to read posts and though we encourage your active participation in the forum, it is not required. If you do participate by posting, however, we expect that on the whole you contribute something to the forum. This means that the bulk of your posts should not be in "fun" threads (e.g. Ankap, Keep & Kill, This or That, etc.). Further, while occasionally it is appropriate to simply voice your agreement or approval, not all of your posts should be of this variety: "LOL Member213!" "I agree."
If it is evident that a member is simply posting for the sake of posting, they will be removed.

8] These Rules & Guidelines may be amended at any time. (last update September 17, 2009)

If you believe an individual is repeatedly breaking the rules, please report to admin/moderator.
See more
See less

Kirk Kerkorian

  • Filter
  • Time
  • Show
Clear All
new posts

  • Kirk Kerkorian

    Kirk Kerkorian: Profile of a generous billionaire and people’s hero who has made a lasting impact

    by Armenian Reporter staff

    Published: Friday October 23, 2009

    People in Armenia were asked recently to name individuals they considered national heroes. Predictably, the list was dominated by military and political leaders of the recent and more distant past like Vazgen Sargsian, Andranik Ozanian, and King Tigran the Great.

    The only two contemporaries who were named by significant numbers of respondents were singer Charles Aznavour and businessperson Kirk Kerkorian.

    Mr. Kerkorian, 92, a self-made billionaire, is in a category apart in the Armenian world.

    He is the only Armenian to be listed among America's and the world's richest people for over a decade. He was, as of 2006, the richest resident of Los Angeles. He has been the largest individual contributor to the development of Armenia's infrastructure and diaspora's institutions. An epitome of Armenians' entrepreneurial and patriotic spirit, he is a source of pride for Armenians.

    Mr. Kerkorian is also known for his insistent avoidance of public recognition of his efforts.

    Early life in Saroyan country
    He was born Kerkor Kerkorian in Fresno, California, to Aharon and Lily Kerkorian, Armenian immigrants with roots in Kharpert (Harput) in present-day Turkey. The youngest of four children, Kerkor spoke Armenian at home and learned English in the streets.

    Aharon Kerkorian was a watermelon and raisin farmer who did well until hard times struck in 1921. As was typical of the times, the younger Kerkorian began working as a kid, selling produce and newspapers, and later washing, repairing, and re-selling cars.

    Raised during the Depression, the young Kerkorian, like many of his contemporaries, never went to high school, dropping out of school after the eighth grade.

    Mr. Kerkorian was only nine years younger than his famous compatriot and fellow San Joaquin valley native William Saroyan, but it is unclear when and if their paths crossed.

    In an early claim to fame in 1937, Mr. Kerkorian became the Pacific amateur boxing champ in the welterweight category and was known as "Rifle Right" for his technique, which helped him win 33 fights.

    Getting his wings
    But it was Kerkorian's passion for flying that became his ticket to financial success.

    After his first flight on a single-engine plane, he worked as a cattle-ranch hand in exchange for flying lessons at a school ran by celebrity female aviator "Pancho" Barnes.

    During World War II, Mr. Kerkorian, by then a licensed pilot, joined the British Royal Air Force as a civilian contractor flying bombers built in Canada to the United Kingdom.

    The job was high risk. The bombers' tanks could hold fuel enough for only part of the flight, with pilots relying on favorable winds to glide their aircraft for the remainder of the journey over icy waters. One in four would not make it. Mr. Kerkorian made 33 flights over two and a-half years.

    After the war, he had $12,000 saved, enough to launch his own aviation business.

    In 1947 Mr. Kerkorian paid $60,000 for the Los Angeles Air Service, a small charter airline that flew between Los Angeles and Las Vegas, which was the just emerging as America's gambling capital.

    He sold the airline, which he renamed Trans International Airlines, in 1962, only to buy it back in 1965, and sell it again to TransAmerica Corp. for $104 million.

    The maker of Las Vegas
    Starting in 1962, Mr. Kerkorian began investing in Las Vegas real estate. He initially rented and then sold land to Caesar's Palace casino, earning $9 million in the process.

    After leaving the aviation business, he built the International and Flamingo hotels in 1969, before selling both to the Hilton chain the following year. As of the time of his entry into Las Vegas, Mr. Kerkorian helped change its image into one of a popular and family-friendly vacation destination.

    In 1969, Mr. Kerkorian purchased the famous Hollywood studio Metrox-xGoldwynx-xMeyer (MGM) and later the Universal Artists studio; the merged MGM/UA was sold to Ted Turner in 1985 for $1.5 billion.

    Mr. Kerkorian repurchased the studio several years later for $780 million, only to sell it again for $1.3 billion, buy it back again, and finally sell it to Sony for $2.9 billion in 2004.

    In 1990, Mr. Kerkorian turned his attention to America's ailing automotive giants, purchasing and then selling large shares in Chrysler and more recently the General Motors and Ford.

    Reflecting his aversion to luxury in his personal life, Mr. Kerkorian drives relatively inexpensive American cars, such as the Jeep Grand Cherokee and Ford Taurus. And even as the studio owner, Mr. Krekorian reportedly insisted on standing in line and buying movie tickets of his own.

    Mr. Kerkorian remains the largest shareholder in the MGM Mirage, the second-largest gaming and resort company in the world, which owns the current MGM Grand complex, the Bellagio, the Mirage, the New York-New York, Circus-Circus, Mandalay Bay, The Luxor, Excalibur, and the under-construction CityCenter, all in Las Vegas.

    According to Forbes magazine estimates, at its height Mr. Kerkorian's fortune amounted to $16 billion before the current economic crisis brought it down to an estimated $3 billion this year.

    He remains among America's 100 richest men and women.

    A grand philanthropist
    Mr. Kerkorian is considered one of America's most generous billionaires, having given away as much as one-fifth of his total fortune to charitable causes.

    Armenia has been one of the largest beneficiaries, but Mr. Kerkorian has also been generous to Armenian diaspora communities, as well as his two homes states of California and Nevada. At the same time, he has refused to have anything named in his honor.

    Mr. Kerkorian's diaspora investments more recently included millions for Lebanon's Armenian community in 2006 as well as Armenian schools in California. In the past, his Lincy Foundation also provided annual support for the Armenian Assembly of America.

    Among major beneficiaries are the University of Nevada, Las Vegas (in part for its recently launched partnership with the Washington-based Brookings Institution); the Clark County School District, which includes Las Vegas; St. Rose Dominican Hospitals in Henderson, Nev.; the Nevada Cancer Institute; University of California at Irvine; and many others.

    The lifter of Armenia's spirit
    Between 2001 and 2008, Mr. Kerkorian's Armenia programs administered through the Lincy Foundation amounted to $230 million.

    In addition to direct involvement, the foundation also supported the Catholic Medical Mission Board, which has assisted Armenia's healthcare system; the Armenian American Wellness Center; the Armenian Technology Group, involved in agriculture; and the Eurasia Foundation, which supports pro-democracy programs; among others.

    Lincy meanwhile provides airlifts to Armenia through the United Armenian Fund.

    On surface, Lincy's infrastructure programs gave the country a sorely needed facelift. Most of the money went into road and housing construction (particularly in the earthquake-ravaged north of the country), as well as for repairs of Armenia's public buildings, including museums.

    But more than cosmetics, Mr. Kerkorian's money came to Armenia at the time when few others would invest, and total government spending ran at a mere $400 million a year. Lincy program gave Armenia a boost that helped it regain its self-confidence and attract more investors, fueling the construction boom of the last decade.

    In spite of Mr. Kerkorian's aversion for publicity, these heroics have not gone unnoticed.

    "Every Armenian household is familiar with the name of Kirk Kerkorian," said Hranush Hakobyan, Armenia's diaspora minister. With his contributions, Mr. Kerkorian, who was awarded the title, National Hero of the Republic of Armenia, "helped in the establishment and development of the Armenian state," she added.
    For the first time in more than 600 years, Armenia is free and independent, and we are therefore obligated
    to place our national interests ahead of our personal gains or aspirations.

  • #2
    Re: Kirk Kerkorian

    A great man and a great philanthropist.

    I wonder if he has helped set up business ventures to help develop the Armenian economy.

    I am aware of the help he has given to build the countries' infrastructure over and above his other charitable donations
    Politics is not about the pursuit of morality nor what's right or wrong
    Its about self interest at personal and national level often at odds with the above.
    Great politicians pursue the National interest and small politicians personal interests


    • #3
      Re: Kirk Kerkorian

      It seems to me Kerkorian was patient and bought and sold at the right times around the regular cycles of the American economy which is usually directly related to its foreign policy. Perhaps he grasped an understanding of America's economic cycles by participating in the military.
      "Nobody can give you freedom. Nobody can give you equality or justice or anything. If you're a man, you take it." ~Malcolm X


      • #4
        Re: Kirk Kerkorian

        Good news everyone! I've figured out a way to use two different watch / unwatched overlays so now I can add them to the text-based lists. Update soon!
        Cheap tennis ball machine information and reviews of prince and tennis twist | Lobster tennis ball machine


        • #5
          Re: Kirk Kerkorian


          I have put this here because of some important clarifications about Kirk Kirkorian and Lincy Foundation.

          Politics is not about the pursuit of morality nor what's right or wrong
          Its about self interest at personal and national level often at odds with the above.
          Great politicians pursue the National interest and small politicians personal interests