Stephen Robert, Pilar Crespi Robert, Teresa Heinz, John Kerry

Stephen Robert, Pilar Crespi Robert, Teresa Heinz, John Kerry

The former owner, Chairman, and Chief Executive Officer of Oppenheimer & Co. Inc., Stephen Robert’s resume reflects a lengthy and successful business career. Chancellor of his alma mater, Brown University, from 1998 to 2007, he also served as Chairman and CEO of Renaissance Institutional Management LLC. Today, however, Stephen Robert spends most of his energy focusing on philanthropic and humanitarian projects.

The founder, with his wife Pilar Crespi Robert, of Source of Hope Foundation, Stephen Robert strives to make a difference in the lives of desperate populations living in poverty or recovering from catastrophic events. Through Source of Hope, the Roberts collaborate with other agencies to provide sustainable aid to distressed populations in many areas of the world including Haiti, sub-Saharan Africa, and New York City. That aid includes food, water, education, and health care, as well as micro-finance opportunities.

The foundation also supports the Henry Street Settlement, which serves 60,000 people annually in the Lower East Side of New York City, and the NewYork-Presbyterian Hospital/Columbia University Medical Center, where 50 percent of the patients are uninsured or on Medicare. Stephen Robert also sits on the Board of Directors of Millennium Promise, an organization that works with Source of Hope in Africa to end poverty and hunger.

In addition to his philanthropic work, Stephen Robert publishes articles related to foreign policy, as well as strong opinions on the plight of the U.S. economy. He shares his approach to fixing the banking system and turning America’s economy around in “Don’t Repeat Japan’s Mistake,” which appeared in The Daily Beast in 2009. In 2010, he wrote “The Fed’s Japanese Mistake Kicks Working People in the Teeth” for

Mr. Robert most recently published an article titled “Can Moral Nations Abandon Palestine?” in the Israeli paper Haaretz. A frequent visitor to Israel and a major benefactor of the Museum of Jewish Heritage: A Living Memorial to the Holocaust, Stephen Robert has often written about his concern for the continued conflict between the Israelis and Palestinians. His influential article “Apartheid on Steroids,” condemning Israel’s human rights abuses, appeared in The Nation in August 2011.


Stephen Robert Elected to Xerox Board; Board Declares Dividends on Preferred Stock

Stephen Robert
Stephen Robert is a member of the Council on Foreign Relations and the Foreign Policy Program Leadership Committee at the Brookings Institution. He has served as Chancellor and Trustee of Brown University, where he earned his undergraduate degree. Additionally, Robert serves as a director of the New York Philharmonic and on the Board of the Santa Maddalena Foundation.

STAMFORD, Conn.–(BUSINESS WIRE)–Dec. 10, 2003–Xerox Corporation’s (NYSE:XRX) board of directors today elected Stephen Robert to the board. The board also declared quarterly dividends for the company’s Series B and Series C preferred stock.

Robert, 63, is the chancellor of Brown University, chairman of Robert Capital Management, LLC, and former chairman and chief executive officer of Oppenheimer Group, Inc. His election to the board is effective January 1, 2004.

“Stephen Robert is a respected and successful leader who brings to Xerox vast knowledge of global financial operations,” said Anne M. Mulcahy, Xerox chairman and chief executive officer. “His financial acumen will serve Xerox and its shareholders well as we continue to strengthen our position as a leading technology company.”

Robert joined Oppenheimer in 1968 as a portfolio manager of the Oppenheimer Fund. He became a partner in 1970 and a member of the executive committee and director of research in 1977. In 1979, Robert became president and, in 1983, assumed the role of chairman and CEO. He retired from Oppenheimer in 1998 and became chancellor of Brown University that year.

A graduate of Brown University where he earned a bachelor of arts degree, Robert is a member of the Council on Foreign Relations, director of the New York Philharmonic, former director of the Twin Towers Fund, director of the Educational Broadcasting Corporation, and a member of the Blackstone Alternative Asset Management advisory board.
With Robert’s election, Xerox’s ten-member board is now 80 percent independent, comprised of eight independent directors in addition to only one employee director, Anne Mulcahy, and one Xerox-affiliated director, Yotaro Kobayashi, chairman, Fuji Xerox Co., Ltd.

In other board actions today, a dividend of $1.5625 was declared on the Series B convertible preferred stock issued in connection with the Xerox employee stock ownership program, and will be payable Jan. 1, 2004, to shareholders of record on Dec. 12, 2003. The board also declared a dividend of $1.5625 per share on the 6.25% Series C mandatory convertible preferred stock issued last June. This dividend will be payable Jan. 1, 2004, to shareholders of record Dec. 16, 2003.

Note to Editors: For more information on Xerox, visit XEROX(R), The Document Company(R) and the digital X(R) are trademarks of XEROX CORPORATION.

Stephen Robert, Pilar Crespi Robert, Barack Obama

stephen robert, barack obama, pilar crespi robert
Stephen Robert and Former President Barack Obama

The founder of Source of Hope Foundation, Stephen Robert is the former CEO and Chairman of Oppenheimer and Company. Stephen Robert and his wife, Pilar Crespi Robert, established Source of Hope Foundation as a means of applying holistic approaches to the problems facing the global community. Focusing on sustainable aid programs that provide food, water, education, and healthcare to the developing world, Source of Hope Foundation provides humanitarian aid and emergency relief on four continents.

Source of Hope foundation is active in North and South America, Africa, and the Middle East. Working with NGOs and private foundations, Stephen Robert has funded training and education for underemployed youth throughout the world. Recognizing the crisis stemming from the economic hardships and lack of socioeconomic mobility in much of the Middle East, Stephen Robert has worked with organizations such as Mercy Corps to help bring knowledge-based economies to the third world.

As Chairman and Co-Chief Executive Officer of Source of Hope Foundation, Stephen Robert believes that increasing the economic growth of a region helps create a civil society and provides conditions that are more favorable for a lasting peace. Working with, Source of Hope Foundation is helping to establish Web-based businesses in areas where mobility is restricted. Identifying Gaza and the West Bank as untapped locations for the growth of information technology businesses, the foundation has helped fuel the growth of tech sector jobs in a region where the overall economy has declined.

The Chancellor Stephen Robert Fellowship

Stephen Robert
When not writing, Stephen Robert spends time working with his humanitarian organization, Source of Hope Foundation.

A journalist with a background in finance, Stephen Robert has written articles for a variety of leading national publications. As a financial commentator for Forbes magazine, Mr. Robert wrote a piece entitled “The Fed’s Japanese Mistake Kicks Working People in the Teeth,” in which he offered his opinion about the Federal Reserve’s decision to raise inflationary expectations, while driving down long-term interest rates. Stephen Robert warned in his article that such a decision could slow the nation’s economic recovery from the 2008 financial crisis and help to spur speculation in the commodities market, which could become the next asset bubble. These concerns echoed an earlier piece Mr. Robert wrote for the website The Daily Beast called “Don’t Repeat Japan’s Mistake.” In this article, Stephen Robert suggests that the Treasury Department would be better off handling the ’08 crisis in a manner similar to the way it dealt with the savings-and-loan crisis of the early ’90s, instead of handling the situation like the Japanese did during their own financial crisis in the ’90s.

Stephen Robert has also written several articles about the ongoing conflict between Palestine and Israel. For the political magazine The Nation, Mr. Robert’s article, “Apartheid on Steroids,” discusses his own experience as a Jew returning to the Holy Land and his disappointment at what he personally witnessed in the West Bank. Mr. Robert describes the dire conditions faced by Palestinians living in the West Bank and concludes the article by expressing his hope that President Obama will lead an effort to unite the two warring groups in a two-state solution. Stephen Robert readdresses this issue in an article he wrote for Ha’aretz, the oldest newspaper in Israel, entitled, “Can Moral Nations Abandon Palestine?” Here, Mr. Robert argues that the U.S. has lost moral standing in the eyes of the world by not publicly condemning Israel’s treatment of the Palestinian people.