Talk:Marc Lasry

Nationality and Lead

Recently there has been talk of adding "Moroccan" in the lead considering the subject's birthplace. However, I would like to bring to light two points. Firstly, per WP:Ethnicity, in the leads of biographies, it is the nationality/country under which the subject obtained notability that is included in the lead and prior citizenships and/or place of birth are specifically NOT included unless directly relevant to notability. For this individual, that is the United States of America. Secondly, here is a source from Forbes for the subject's U.S. citizenship: https://www.forbes.com/profile/marc-lasry/?sh=573944ee76a0. Do we have any source that he retains Moroccan nationality? Even if he does, per WP:Ethnicity would the term "Moroccan" even belong in the lead? I have seen source online that describe this subject ethnically as "Moroccan" or "Moroccan-American" but nowhere have I seen it specified that he has/continues to have Moroccan nationality. If a credible source indicating so is brought to light, I would definitely consider addition of the term "Moroccan" alongside "American" in the lead but until such time, I think we need to follow WP:Ethnicity and exclude it from the lead until we have evidence. Any user indicating otherwise should bring forth the evidence first. Furthermore, I would like to point out that it is a legitimate question to ask whether the subject retains nationality of the country of his birth. I searched far and wide to find an English rendition of Moroccan Nationality law and found this source: https://www.multiplecitizenship.com/wscl/ws_MOROCCO.html which states that an individual who voluntarily obtains a foreign nationality can lose Moroccan citizenship. So it is not entirely clear that the subject in question, just by being a Moroccan citizen at birth, continues to be Moroccan. We would need a source to confirm that he continues to retain the nationality of his birth in addition to being a U.S. citizen. Apoorva Iyer (talk) 01:30, 9 December 2020 (UTC)

Proposing new factual content and clean-up

Hi. I work for a PR consultancy called Kekst CNC, working on behalf of our client Avenue Capital. We're engaging as a member of the Wikipedia community having signed the official agency/Wikipedia agreement set out here Wikipedia:Statement_on_Wikipedia_from_participating_communications_firms. This means we follow guidelines, most importantly understanding we have COI, meaning we let members of the Wikipedia community decide (or not decide) to make changes for us. We have drafted a number of suggested changes for this page found below.

In full transparency, you’ll see we’ve also made some direct changes to the page to correct some grammatical issues and do a small clean-up. However, we’ve been careful to not change any text that inherent changes meanings etc.

Recommended changes/additions to be made:

Additional careers section text

In 2006, Morgan Stanley bought a 15% stake in Avenue for $250 million. 100% of the proceeds were invested back into Avenue’s funds.

In 2007, Avenue bought up Six Flags’ bonds at a big discount to where public comparables in the leisure space were trading. The bonds were due in 2010 at significant discounts to par, but Avenue offered to backstop a debt for debt exchange of their 2010 bonds into a longer dates senior note with a significantly higher coupon. This exchange allowed the firm to leapfrog over $1 billion of now structurally junior notes that had not participated in the exchange. In the early stages of the financial crisis, Avenue bought secured bank debt at distressed levels, which provided a complimentary barbell strategy to the senior note strategy they had in place. Six Flags went on to file for Chapter 11 bankruptcy and adopted an Avenue-led senior note plan that would refinance the banks at par and give 95% of the equity to the senior bonds. Eventually, the junior bondholder group paid $480 million to the Avenue-led group to gain control of the company. Avenue invested at significantly distressed price levels and ultimately received in excess of par, which was a significant windfall for the fund’s investors.

Lasry and Gardner, pioneering investors in distressed assets, focused on the U.S. auto industry during the 2008 financial crisis. They recognized that the U.S. government could not afford to let the auto giants fail and Avenue proceeded to aggressively buy Ford senior secured bank debt at significant discounts to face value. GM and Chrysler were bailed out by the U.S. government whereas Ford managed to bolster its balance sheet and refine its line of products. Ford’s senior secured debt recovered substantially and Avenue’s U.S. hedge funds generated gross returns of more than 60% in 2009.

Linking to Sonia Gardner's page

Making this change directly

Weinstein Company's board

Moved to the careers section with new reference MichaelPWhite (talk) 09:23, 24 October 2022 (UTC)

All of these changes, despite being independent and factual, were reversed without discussion 3 months ago. Given the difficulty to engage any editors to correct issues on this page (including potential antisemitism), these have been made once again. These changes have been made in light of Wikipedia's ignore all rules. MichaelPWhite (talk) 10:04, 23 January 2023 (UTC)

Stake sold in Milwaukee Bucks basketball team

Hi all. It's been confirmed that Marc has sold his stake in the Milwaukee Bucks basketball team: https://www.nba.com/news/nba-board-of-governors-approve-bucks-ownership-share-purchase-by-haslam-sports-group. Due to this, we would like to propose adding the word 'former' to the intro of this Wikipedia article to ensure it's understood that he is now the "... former co-owner of the NBA's Milwaukee Bucks basketball team". We would be grateful if someone can make this change in our behalf please. If not, we'll make this small factual amendment directly. Thanks. MichaelPWhite (talk) 09:47, 21 April 2023 (UTC)

Ignore this. We can see a change has been made. Thank you. — Preceding unsigned comment added by MichaelPWhite (talk • contribs) 10:00, 21 April 2023 (UTC)