Covanta – Sam Zell

Zell Sells

Covanta – Equity Ownership of Directors and Management

		Number of Shares				Approximate
Name		Beneficially Owned				Percent of Class

Samuel Zell (19)

23,225,534

15.0

%

Zell Shareholding in Covanta, 29-Feb-08: $666 million.

Covanta Book Value Per Share: $6.66
[Source: Yahoo! Finance]

Samuel “Sam” Zell (born September 1941) is a U.S.-born billionaire and real estate entrepreneur. He is co-founder and Chairman of Equity Group Investments, a private investment firm. With an estimated net worth of US$6 billion, he is ranked as the 52nd richest American by Forbes.[1]

On April 2, 2007, Zell bought Tribune Company, publisher of the Los Angeles Times, the Chicago Tribune, New York Newsday and owner of the Chicago Cubs.

Zell was born in Chicago in 1941 to Jewish immigrant parents from Poland who fled the country just before the Nazi invasion in 1939.

Zell, according to The Forward[6], is also “a major donor to causes in the Middle East. His donations include a $3.1 million donation to the Herzliya Interdisciplinary Center in Israel and separate donations to the Israel Center for Social and Economic Progress, a right-wing Israeli think tank.

In 2008, Zell announced a plan to place the Chicago Cubs and Wrigley Field up for sale separately in order to maximize profits.

Cell Hell

http://en.wikipedia.org/wiki/Samuel_Zell
http://investor.shareholder.com/cva/secfiling.cfm?filingID=950137-08-4913
http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=941219