The largest trade Martin's ever made was exercising 45,000 units of Nabors Industries stock on 3 December 2010 worth over $1,025,100. in economics from the New School of Social Research. The International segment focuses in maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. This page was last edited on 3 August 2020, at 07:13. He was founder and Co-Chief Investment Officer of Third Avenue Management, and Portfolio Manager of the Third Avenue Value Fund. He pointed out that to a creditor there is "a world of difference in the credit-worthiness of an issuer who... pays out... $200 million per annum in cash for executive compensation... [and one who] issues stock options on a non-dividend-paying common stock with a "fair value" of $200 million" (the point being that the latter is of almost no concern to a creditor). The most active insiders traders include Eugene M Isenberg, Anthony G Petrello, eJames C Flores. The U.S. Drilling segment includes land drilling activities in states and Alaska as well as offshore operations in the Gulf of Mexico. Martin has made over 10 trades of the Nabors Industries stock since 2003, according to the Form 4 filled with the SEC. are incentivized… [6], He argued, in particular, for the value of government-provided credit and of carefully crafted tax laws. The most recent stock trade was executed by Anthony G Petrello on 27 February 2020, trading 900 units of NBR stock currently worth $12,798. The estimated Net Worth of Martin J Whitman is at least $395 Milion dollars as of 3 December 2010. The estimated Net Worth of Martin J Whitman is at least $333 Million dollars as of 3 December 2010. 31, 2000", Third Avenue Value Fund Letters to our Shareholders July 31, 2004, Wall Street Journal: "Whitman to Leave Helm of Third Avenue Value", Israel Policy Forum: "negotiated resolution to the Israeli-Palestinian conflict based on two states for two peoples", Rutgers School of Law: "Lois Whitman ’76 – A Pioneering Advocate for Children Around the World, Rutgers University: "The Children's Advocate - Lois Whitman, the founding director of the Children’s Rights Division at Human Rights Watch, speaks for the children who have no voice or choice", "Martin Whitman, Founder of Third Avenue, Dies at 93", Martin Whitman Interview with The Ben Graham Centre for Value Investing - Feb 2007, https://en.wikipedia.org/w/index.php?title=Martin_J._Whitman&oldid=970934857, Martin J. Whitman School of Management alumni, Articles containing potentially dated statements from 2004, All articles containing potentially dated statements, Wikipedia articles with BIBSYS identifiers, Wikipedia articles with CINII identifiers, Wikipedia articles with SNAC-ID identifiers, Wikipedia articles with Trove identifiers, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License. Martin has made over 10 trades of the Nabors Industries stock since 2003, according to the Form 4 filled with the SEC. Martin J. Whitman, Third Avenue Value Fund letter to shareholders October 31, 2005. p.6. Most recently Martin exercised 45,000 units of NBR stock worth $1,025,100 on 3 December 2010. [4] Returning to New York state, he graduated from Syracuse University with a B.S. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda. [14] He was also an adjunct faculty member at Yale School of Management[3] In 2008, he and his wife founded The Lois and Martin Whitman Scholarship Fund at Tel Aviv University to support the educational needs of Arab-Israeli students. The International segment focuses in maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. In well-run industrial economies, there is a marriage between government and the private sector, each benefiting from the other." He later sold the bonds for five times his original investment. On average, Nabors Industries executives and independent directors trade stock every 68 days with the average trade being worth of $8,772,367. Sympathizing with their situation, he told the students it is important “to give scholarships to Arab students at Tel Aviv University. 2010 Martin still owns at least $ 333 Million dollars as of 3 December.. 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