"Because who would invest in something where they have no vote, no say--there isn't anything I can do from a stockholder's standpoint to influence the company." He bought in and became a shareholder in the business. The Inspiring Backstory of Sheldon Yellen, CEO of BELFOR Holdings | by Yitzi Weiner | Thrive Global | Medium 500 Apologies, but something went wrong on our end. Zoom President Greg Tomb Unexpectedly Fired 'Without Cause', Amazon Employees Are Fighting on Slack About Returning to the Office, 'First Day of the Rest of Your Life': More Twitter Layoffs Hit, Including Esther Crawford Who Slept In Office In Sleeping Bag, 'My Brain Is Literally Going To Explode': Viral Video Sparks Debate Over Whether or Not Renters Should Tip Landlords, Carnival Cruise Wants Passengers to Have Fun in the Sun But Do This, and You'll Get Burned With a New $500 Fee. Michigan records reveal a list of drug convictions and prison sentences. Working hard and learning hard, Sheldon started building his way up from welfare to becoming one of the most successful businessmen. I've never talked about that. Support this work for $1 a month. "Sheldon is the type of guy, if you've got his back, he's got your back.". Mr. Sheldon Yellen, President Additional Contact Information Fax Numbers (541) 747-1263 Primary Fax Phone Numbers (800) 262-9443 Other Phone Email Addresses Email this Business Primary Read. Related: Five Bad Working Habits I Kicked For A Better Work Ethic. And he would do that for a day. In numerous interviews Sheldon has said that keeping in touch with your workers is a priority, and focuses on maintaining a friendly relationship with his employees, as he even writes birthday cards by his own hand. Sheldon Yellen net worth: Sheldon Yellen is an American businessman who has a net worth of $20 million dollars. THE CODE IN the Detroit Mafia was that there was no getting out. He has appeared on an Emmy-nominated episode of Undercover Boss on CBS. At the time, the machines were worth between $600 and $2,500 each. In 2001 his life changed when he was hired by the Belfor USA Restoration Group, and three years later he was appointed the CEO of the company. And I have the tough streets of Detroit and my even tougher mom to thank for that. The company grew to over 9,200 staff members in 34. One of the hardest hit [], When disasters strike, it takes a hero to save the day! I know I've lived two different lives, but I'm not confirming that was the life." The cruise line's updated contract follows a spate of unruly guest behavior across the tourism industry. [5] He attended Southfield-Lathrup High School[6] but dropped out to support his family (he later received his diploma at the age of 53). Yellen received national acclaim for his deeply compassionate management style when he was featured in CBS hit series Undercover Boss, a show that provides corporate executives a glimpse into the inner workings of the companies they run. Sheldon Yellen gives every employee handwritten birthday cards . Two weeks later, he calls unannounced and says that he misremembered the revenue figure--the juice stand was taking in only hundreds of dollars a week. BELFOR Holdings, Inc. is the parent company to BELFOR Property Restoration, the world's largest property restoration company, and BELFOR Franchise Group (BFG), its multi-concept franchise division. I had the pleasure of interviewing Sheldon Yellen. He got married in 1984 at the Temple Israel in Michigan and has two sons. We will update Sheldon Yellen's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Yellen was born in Brooklyn, New York, to a Jewish family. He has appeared on an Emmy-nominated episode of Undercover Boss on CBS. The latest round of layoffs under Musk are estimated to have affected 10% of the company's remaining workforce. Sheldon David Yellen (born January 16, 1958) is an American businessman, author and the CEO of BELFOR Property Restoration. Homes - Celebrity - Business Links: en.wikipedia.org By: jdubble07 Advertisement Celebrity Homes Mailing List Advertisement Like so many first responders, they fell victim to toxic pollutants swirling around the site. He is from American. Sheldon was featured on CBSsUndercover Boss. It was a very special moment to be able to do the same for Sheldon.. Have you ever wondered how rich Sheldon Yellen is, as of mid- 2016? [7] He became CEO in 2001. According to a recent study by Catalyst, humility is one of the most important factors for leadership -- it makes people from different backgrounds feel included. Sheldon Yellen is the CEO of Birmingham, Michigan-basedBELFOR, the worldwide leader in property restoration and disaster recovery. Abandoning traditional business proceedings in order to put more stock in his greatest assetpeopleYellen admits hating meetings, committees, and layers of corporate hierarchy, preferring instead to constantly grow the business in order to expand his family, which today includes over 7,000 men and women in more than 300 offices spanning 21countries. "You would say big deal, you sold papaya juice. Don't ask your colleagues to do anything you've never done yourself. You can help Wikipedia by expanding it. Sheldon Yellen. We recommend you to check the complete list of Famous People born on 16 January. He's sitting across from me, and three times during the first 10 minutes this kid looks down at his smartphone and starts texting. Failure is not in his vocabulary. ", How much people get paid is also a secret. This abandoned high school was converted into a 31-unit apartment building. According to our Database, He has no children. One time, Yellen was collecting coins when someone opened fire on him. Later, when he was 53, Yellen received a diploma degree. Having a flip phone encourages phone conversations, the CEO said, which he strongly prefers to texting. It's hard to be sure, since shareholders don't have yearly meetings, don't get full financials and haven't received a list of their fellow owners in more than ten years. My business [], You often hear about the 9-to-5 grindthe typical eight-hour work day for most people with traditional office jobs. Sheldon Yellen was born on January 16, 1958 and is the eldest of four brothers. At this stage he wanted a piece of the action. Since 1985,Sheldon Yellenhas given handwritten birthday cards to every one of the company's now 7,700employees. Sheldon Yellen, the CEO of BELFOR, the world's largest disaster restoration company, goes undercover and becomes frustrated while struggling to hang drywall. Your email address will not be published. . [5] Yellen received national acclaim for his deeply compassionate management style when he was featured in CBS hit seriesUndercover Boss, a show that provides corporate executives a glimpse into the inner workings of the companies they run. Family, friend, or fan, this family history biography is for you to remember Sheldon Yellen. He lucked out with the lawsuits as well. Born in Poland, Yellen emigrated with his family to the United States when he was five years old. It still wasn't enough: Yellen came home one day and found a local official warning his mother that they were facing eviction. First, industrial giant Masco Corp. bought Inrecon for about $90 million in a two-part transaction in 1997 and 1999. [2] This play, entered in a playwriting competition, won the Hallmark Award, and he began to write television dramas for the Hallmark Hall of Fame. If one of you move, all three of you are dead'--that's scary.". 10 Business Travel Tips From a Traveling CEO, Encouraging Employees Who Dont Work The Typical 9-to-5, BELFOR Helps Lend A Hand to Alabama Tornado Survivors. The break didn't last long. "Winds blowing upwards of nearly 200 miles an hour, water was crashing all the way to this hotel," he says, wearing a bright-blue storm jacket, black slacks and a gold-chain necklace. See Photos. Sherman Yellen was born in 1932 to Nathan and Lillian Yellen. . Failure is not in his vocabulary. Employees, family and friends wrote notes and cards in celebration of Yellen's60th birthday. "I had a life on the streets," he says. His rationale? [17][18] Yellen lives on the Upper East Side of Manhattan. We have estimated After college, Sheldon found his first job at INRECON and stayed there for the next 17 years, which only increased his net worth, but he gained a lot of experience while working there. Copyright 2023 ClickOnDetroit.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings. "It sounds like the structure is very much analogous to the way [the Mob] set it up," Stejskal says, from the secrecy to the complete authority of the leader, manifested in the lump-bonus payment determined at Yellen's discretion. He's more than happy to tell you why HOODZ commercial kitchen cleaning franchise owners benefit from being backed by BELFOR Franchise Group. Sheldon Yellen is the CEO of Birmingham, Michigan-based BELFOR, the worldwide leader in property restoration and disaster recovery. The murder was never solved. For Yellen, BELFOR is his family. [5] Although he had a bar mitzvah, he did not begin to practice Judaism until he was in his mid-40s.[5]. Regarding his personal life, Sheldon is married and has two sons, however, there are no details about his wife`s name or the date of their wedding. Finally after three months, he got his appointment. It was a very special moment to be able to do the same for Sheldon." Employees, family and friends wrote notes and cards in . In his absence, Yellen's mom, Lenore, scraped by on welfare and put her sons to work. The place served as headquarters for reputed mobster Anthony "Tony Jack" Giacalone, the Mafia's alleged street boss in Detroit who was long suspected of helping orchestrate the disappearance of Jimmy Hoffa (see sidebar). Yellen was born to a Jewish family, the oldest of four boys. Sign Up. Sheldon is of Jewish heritage, and was brought into a Jewish family by a single mother, as his father was a drug dealer and was eventually arrested and sentenced for time in prison. "Josephine Tonight!" [16], As an undergraduate at Bard College, Yellen met Joan Fuhr. [14][15], Yellen has written numerous op-ed columns for HuffPost, focusing on culture and American politics from a left-wing perspective. BELFOR has more than 6,400 employees in 300 offices spanning 31 . [3][4][5][6], His American Civil War television drama, Day Before Battle, was written in collaboration with his friend, playwright Peter Stone, and appeared on Studio One. He received national acclaim for his compassionate style when he was featured in CBS' hit series Undercover Boss. The couple wed after their graduation and have two sons, Nicholas and Christopher. Sheldon is related to Lenore Marilyn Yellen and Mark Steven Yellen as well as 2 additional people. He eventually moved his then-pregnant wife to South Carolina. Yellen gave Beck an autographed book and . Small stakeholders who were granted equity as part of their compensation receive nothing at all. Yellen also serves as Director of HRI Holdings, located in Nashville, TN from July 2019 to the present. "So we were a little bit tough with him in terms of how we settled.". The best result we found for your search is Sheldon Yellen age 60s in Bloomfield Hills, MI. Sheldon has three younger brothers, and all of them, including Sheldon had to work from an early age to support the family. Sheldon Yellen died at age 59 years old on June 21, 1995. There's millions of dollars of damage.". The new tools came in handy when three people tried to rob him. BIRMINGHAM, MICHIGAN - December 10, 2020 - BELFOR Holdings, Inc. (BELFOR) CEO Sheldon Yellen has been named the gold winner in the Executive of the Year - Large Companies category by Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Forbes estimates that the company is worth $900 million and that Yellen has a net worth of $320 million. Today he controls 95% of the voting power at the company, despite owning an estimated 30% of the business. His presentations reflect his management philosophies through his personal journey as a leader and his intense belief in people from all walks of life. The night they arrived, there weren't enough places to sleep, so Yellen crashed on the beach. Yellen has helped grow Belfor Holdings, a private company based in Birmingham, Michigan, into one worth $900 . Five Bad Working Habits I Kicked For A Better Work Ethic, Not Only Thriving, But Working to End the Cycle of Poverty in South Africa, Reveal Their Best Business Advice for 2023, Still Gets Up Close and Personal After Its $310 Million Sale, 8 Tips Introverts Need to Network Effectively, Find Out Which Brands Have Ranked on the Franchise 500 for Longest. It still wasn't enough: Yellen came home one day and found a local official warning his mother that they. Yellen's incentive plan sounds familiar to Greg Stejskal, a retired FBI agent who spent years chasing the Mafia around Detroit. [7] Yellen also wrote adaptations of Great Expectations, Dr.Jekyl and Mr. Hyde, Phantom of the Opera. Of the 82 business owners Inrecon and Belfor have bought out over the last 27 years, as they've rolled up potential competitors, 68 are still at Belfor today. By See Photos. Until he doesn't. But I'll say, 'I'm sorry, but my people come first.' Unconventional CEO International Businessman Undercover Boss. In my early days, I worked in an office of 19 people. Discover today's celebrity birthdays and explore famous people who share your birthday. Sheldon Yellen has built himself a robust reputation for his unconventional management style. BELFOR is his family. Yellen received national acclaim for his deeply compassionate management style when he was featured in CBS hit series Undercover Boss, a show that provides corporate executives a glimpse into the inner workings of the companies they run. Sensing opportunity, Yellen's brothers-in-law told him to grab 25 workers and start driving south. Read full bio. Name* First Last Phone*Email* Message*CommentsThis field is for validation purposes and should be left unchanged. From supporting my family at an early age to earning dollar tips at a burger joint, I learned how to support a team of thousands. There's also a familiar amount of paternalistic benevolence. "In a lot of situations, we have a basket in the room or outside the room for cellphones.". BIRMINGHAM, Mich. Employees surprised the CEO of Michigan-based Belfor Property Restorations with more than 8,000 birthday cards Wednesday. A Division of NBC Universal, How this 39-year-old earns $26,000 a year in California. Michael's net worth hovers over Greater than $499,999 with a yearly income that's about $250K+. Michael and most other shareholders get a summary report once a year. In 2011 and 2015, President Obama signed bills to compensate 9/11 victims, which ultimately meant Belfor paid out just $1.5 million in legal fees. This field is for validation purposes and should be left unchanged. Sheldon Yellen grew up poor and began working full-time when he was eleven. [19], New York Public Library for the Performing Arts, Interview with Sherman Yellen on Theatre in Chicago, "NBC Wins 15 Emmys In Technical Categories", "OUTSTANDING WRITING IN A MINISERIES OR A SPECIAL 1986", "UFOMT season will include a Rodgers rarity", "Those Secrets in the Attic (Well, the Desk Drawer)", "American's Best Colleges - Notable Alumni", "It's a G Thing: Accomplished playwright and screenwriter, Sherman Yellen, details a lifetime of New York memories in new book", "THEATER REVIEW; Gertrude Stein and Alice Strut on the Sunny Side", https://en.wikipedia.org/w/index.php?title=Sherman_Yellen&oldid=1135723606, This page was last edited on 26 January 2023, at 13:04. One employee he worked with, Jen, had him crawling under a house in order to fix water damage. "The Belforfamily continues to amaze me and Im overwhelmed by this incredibly heartfelt gesture, Yellensaid. Like any good autocrat, Yellen demands trust from everyone in his organization while harboring his own secrets. That's when Yellen's in-laws left, but he stayed put. [7], He is a guest writer for Entrepreneur - US edition: 4 Ways to Ensure Your Startup Will Survive Disaster, How to Make People, Not Rsums, Your Hiring Priority, How Growing Up With Nothing Equipped Me to Run a Billion-Dollar Company. Sheldon Yellen, who operates a multinational property restoration company that has performed deep cleanings for thousands of clients since the coronavirus pandemic struck, advises giving the. He was raised alone by his mother. When some balked, he made it clear they could get on board or walk away. He had dropped out from college on several occasions in order to earn enough money to put his brothers through high school, but eventually earned his diploma. Typically, he doesn't. This business-related biographical article is a stub. "Having a gun pointed at three guys laying on the ground--'Get on the ground. During his speech, Sheldon thanked the Michigan fire chiefs for their unwavering commitment in providing life-saving []. At 64 years old, Sheldon Yellen height not available right now. This includes BELFOR Property Restoration, the world's largest disaster restoration company that has 9,200 team members and 300-plus offices in 31 countries. "If someone has something to say to me, they know they can pick up the phone. It's low-margin work. Sheldon Yellen. In later years he received the Charles Flint Kellogg Award in Arts and Letters. "Mr. Schultz was good to me," Yellen says. Also, he was appointed as the CEO and President of the Belfor Europe GmBH, which also increased his net worth. What he experienced. Sheldon has three younger brothers, and all of them, including Sheldon had to work from an early age to support the family. In his absence, Yellen's mom, Lenore, scraped by on welfare and put her sons to work. Eager for a more stable lifestyle, Yellen accepted the offer and became Inrecon's 19th employee in 1984. Related: 7 Elements of a Strong Work Ethic. "I am approachable, and I can't convey that through a text.". Previously, a fan shared a poster that promoted the TV series Heart of Heroes Zee appears alongside property restoration CEO Sheldon Yellen. That will take a lot of work, and Yellen in turn predicts that he will eventually die at his desk, which he says is a far better fate than on the streets. Sheldon Yellen is the CEO of Birmingham, Michigan-based BELFOR, the worldwide leader in property restoration and disaster recovery. Ultimately convicted of conspiracy to distribute cocaine in 1987, Schultz started regularly appearing in local newspapers around the same time Yellen opened his juice stand. "People don't know that. Sheldon Yellen is the CEO of Birmingham, Michigan-based BELFOR Property Restoration, the worldwide leader in disaster restoration and recovery following manmade or natural disasters such as floods, fires, hurricanes, and tornadoes. Don't take any of it for granted, even when the numbers get really big. Sheldon Yellen has built himself a robust reputation for his unconventional management style. "From my youth, I've studied people," Yellen says. Refresh the page, check Medium 's. Updated. A lawyer connected to Giacalone eventually took over Leach's furniture business, according to FBI files. Sheldon is recognized for his philanthropic activities; he has donated to Israel Defense Forces, and has collaborated with numerous philanthropic organizations that supports Jewish people. And, initially, my colleagues didn't respect me; they thought I'd only gotten there through my new connections. Sheldon Yellen is CEO of Belfor. "I didn't have a dad around. The vast majority of their compensation comes in a single payment, which is not disclosed to shareholders. He has appeared on an Emmy-nominated episode of Undercover Boss on CBS. Now Heinz Wants to Give Him More Than Just Ketchup Packets. Sheldon Yellen | ZoomInfo Sheldon Yellen has built himself a robust reputation for his unconventional management style. BELFOR has more than 6,400 employees in 300 offices spanning. Employees surprised Belfor CEO Sheldon Yellen with more than 8,000 birthday cards Jan. 17, 2018. Sheldon Yellen is the CEO of Birmingham, Michigan-based BELFOR, the worldwide leader in property restoration and disaster recovery. Not about weight." (Yellen insists he takes only a small salary, though he won't say how much it is.). Jack Selig Yellen (Jacek Jele) Profile: Jewish-American lyricist and screenwriter, best remembered for his collaborations with Milton Ager (July 6, 1892 - April 17, 1991). BELFOR is his family. "I learned that to run a business--and I believe this--there has to be leadership. Sheldon Yellen's net worth As CEO of BELFOR Holdings, Inc. - a $1.5 billion entity which operates a number of companies including BELFOR Property Restoration, the global leader in damage restoration and recovery services - he carefully watches every penny spent yet doesn't hesitate to hop on a private plane to visit a sick employee or customer. That day, I learned that if you look after dimes, you look after dollars. Surveys, suggestion boxes and occasional face-to-face meetings can help, but the best way to get candid insight is to put [], In the aftermath of a tragic EF4 tornado in early March of 2019, countless homes, businesses and properties across the southeastern U.S. were left with significant storm damage. Sheldon Yellen has built himself a robust reputation for his unconventional management style. Years later it became public that Schultz had served as an FBI informant. He returned to Michigan, ready to tell his brothers-in-law that he was leaving to start his own business. A Stranded Sailor Survived Off of Ketchup While Lost at Sea for 24 Days. [7], Per Yellen, in 2016 BELFOR is the world's largest disaster restoration company operating in 29 countries with more than 350 offices and employing more than 7,700 full-time employees. Ciolino says the original shareholder agreement warned investors that they would not get full financial information in the future. Yellen says he was days away from cashing out his own stake in the business a couple of years ago, after agreeing to sell Belfor to a private equity firm in what he claims was a billion-dollar deal. Sheldon Yellen (SY): My name is Sheldon Yellen and I've proudly served as the CEO of BELFOR Holdings, Inc. for more than 30 years now. We don't have much information about He's past relationship and any previous engaged. After 18 months, Yellen moved back to Michigan. Sherman Yellen (born February 25, 1932, New York City) is an American playwright, screenwriter, and political commentator. YELLEN - Mark May 10, 2010; beloved son of Jack (Barbara) Yellen; father of Adam Yellen; brother of Deborah Yellen and Sheldon (Heidi) Yellen; former husband of Laura Yellen; uncle of. I'd watch how they served the customers, so I could emulate them when I got the chance. Sheldon Yellen is Chief Executive Officer at Belfor USA Group Inc. See Sheldon Yellen's compensation, career history, education, & memberships. Leadership is compromised if it's always a democracy.". [5] He was raised alone by his mother. He is not dating anyone. Sheldon is of Jewish heritage, and was brought into a Jewish family by a single mother, as his father was a drug dealer and was eventually arrested and sentenced for time in prison. He attended Southfield-Lathrup High School but dropped out to support his family (he later received his diploma at the age of 53). It's quite an accomplishment for this 59-year-old high school dropout, and one that has come as he's harbored a professional secret for three decades. He started wearing a bulletproof vest and carrying a gun. Calcutta!, which featured sketches from Sam Shepard, John Lennon, Samuel Beckett, and others. Yellen also wrote Beauty and the Beast, and An Early Frost, television films for NBC. Later his CFO said there are 55 before they finally settled on 60. Here's my card. And his cards always include a personalized note or memory weve shared, demonstrating how much Sheldon personally cares about every employee. I don't have an appointment. Yellen later flatly denies that he ever worked in organized crime, but after I interview former federal investigators, read stacks of court documents and mine thousands of pages of FBI files, it becomes clear that Yellen's connections with reputed Mob figures helped him climb out of poverty. Sheldon has three younger brothers, and all of them, including Sheldon had to work from an early age to support the family. Sheldon Yellen is Michigan's "Undercover Boss" and he's about to appear on the CBS show once again. Now He Runs A $1.5B Business", "The art of imperfection: People are turning to robots to write their 'handwritten' cards", https://en.wikipedia.org/w/index.php?title=Sheldon_Yellen&oldid=1113481767, This page was last edited on 1 October 2022, at 18:02. Brazil Bounces Back With A Slew Of New Billionaires, Fortune Magazine's New Owner Is Member Of Thailand's Richest Family, Southeast Asia's Richest Woman Signs $6.5 Billion Deal For 50 Airbus Jets, The Indonesian Tycoons Behind Lion Air, Whose Plane Crashed Off Jakarta on Monday, How This Video Gaming Billionaire Invests His More Than $2 Billion, LinkedIn Cofounder Reid Hoffman On His Billion-Dollar Impact Investing Bet, Jeff Bezos Is $1.8 Billion Richer As Amazon's Market Cap Briefly Hits $1 Trillion, The $4 Billion Crypto Billionaire Who No One Has Heard Of. Shortly after the Germans told Yellen they wanted to sell, Hurricane Katrina slammed into New Orleans, causing more damage than any other storm in U.S. history. I learned how to work selflessly -- with no expectation of handouts or rewards -- and to appreciate every opportunity I was given. I tried to listen to their stories to see how they did it. So Yellen's in, he says, and on the verge of making his biggest acquisition yet, which will expand Belfor into a new but related industry. Sheldon Yellen is an opinion columnist for the CEOWORLD magazine. They are his pen pals, and when they get healthy, Yellen flies to wherever they are to cut off the matching bracelets on their wrists. Subscribe, Photo credit: Brandon Schulman for Forbes, Less than a week after Hurricane Matthew sideswiped the southeastern United States in October, Sheldon Yellen stands in a wind tunnel next to a resort outside Jacksonville, Florida, imagining the scene of the storm. Smartphones are not allowed at Belfor company meetings. "My thinking is: Let's have our meeting; let's get on with it," Yellen said. As CEO of BELFOR Holdings, Inc. - a $1.5 billion entity which operates a number of companies including BELFOR Property Restoration, the global leader in damage restoration and recovery services - he carefully watches every penny spent yet doesn't hesitate to hop on a private plane to visit a sick employee or customer. Hurricane Andrew struck Florida in 1992, and Yellen again uprooted his family to move to the scene of the storm. "There's a tremendous loyalty to Sheldon," says Pete Boylan, who sold his one-office operation to Inrecon in 1999 and now serves as a regional manager in the southeastern United States. When Yellen was 26, his wife's brothers, Randy (a member of the Southfield club) and Mark Fenton, offered him a job at their family company, Inrecon, which did $5 million in annual revenue. He. Dec 24, 2019, 6:33 AM. The CEO of Belfor, a privately held property restoration company, told CNBC why he only uses a flip phone and it's not to be trendy. His rationale? "I want people to talk to me," he said. Sheldon Yellen is the CEO of Birmingham, Michigan-based BELFOR Holdings, Inc., which operates a number of companies. Sheldon Yellen Wiki Biography Sheldon Yellen was born on April 23, 1957, in Detroit, Michigan, United States. In 2001, Belfor workers had rushed into Manhattan's financial district after the World Trade Center attacks to clean dust out of buildings. Another leader who embraces this point of view is Sheldon Yellen, CEO of BELFOR Holdings, a privately held disaster-restoration company that has grown from annual sales of $5 million to more. The international disaster response company is based in Livonia. His rationale? The deal still went through. At Bard, Yellen studied creative writing with Texas novelist William Humphrey, was named John Bard Scholar in his sophomore year and received the Wilton E. Lockwood Award for Literature upon graduation. After one carpenter heard the news, he punched Yellen, who punched right back. Not even Yellen's brother Michael, the company's chief operating officer and second-largest shareholder, regularly receives full financials (the CFO, Joe Ciolino, claims Michael can ask to see them at any time, though he can't recall the last time he did).