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Richard Riordan

 
Biography: Richard Joseph Riordan

Richard Joseph Riordan (born 1930), a multimillionaire businessman and civic leader seeking public office for the first time, was elected mayor of Los Angeles on June 8, 1993. He had promised to revitalize the riot-torn city and put 3,000 more police on the streets. He won praise even from political adversaries for decisive leadership following the devastating January 17, 1994, Northridge earthquake.

Richard (Dick) Riordan was born to a wealthy family in Flushing, New York, on May 1, 1930, the youngest of eight children. Raised in comfortable surroundings in New Rochelle, he became an accomplished lawyer, businessman, and philanthropist.

Riordan attended Santa Clara, then transferred to Princeton, where he majored in philosophy and received his A.B. degree in 1952. Undecided between business and law, he made what he calls a "mental flip of the coin" and enrolled in the University of Michigan law school, graduating first in his class in 1956. That same year he was the sole recruit of the prestigious Los Angeles law firm of O'Melveny and Myers, where he became an expert in stock market and tax law. He founded his own firm in 1975 and parlayed an $80,000 inheritance into a $100 million fortune through the use of leveraged buyouts and vigorous investments in high-tech firms. Riordan's most notable business success came in rescuing financially troubled large firms such as Mattel Toys through restructuring.

At Princeton Riordan had become interested in the teachings of Jacques Maritain, an influential Catholic philosopher. Maritain taught the importance of "universal truth" and service to others. Riordan became highly active in philanthropic and service activities. He gave $3 million a year to charities, focusing on those that benefit children, and donated "Read to Write" computer labs to thousands of schools throughout the country. In East Los Angeles, where the population is overwhelmingly Latino, he financed purchase of the Puente Learning Center and then donated $1.5 million and 27 computers to the center to help children and adults learn to read and write English.

Riordan's life was marked by personal tragedies, and his friend and campaign manager Bill Wardlaw said that Riordan's generosity reflected a measure of "Irish guilt or Catholic guilt" as well as deep commitment to service. Riordan lost a 5-year-old sister to a brain tumor, a 35-year-old sister to a fire, and a 41-year-old brother to a mudslide. His only son drowned while diving in the ocean. One of his four daughters died of bulimia. His first marriage of 23 years ended in annulment, and his second in separation.

Riordan was a political unknown when he sought the Los Angeles mayoralty. His experience consisted of service on the Los Angeles Parks and Recreation Commission (of which he became president) and the Coliseum Commission, posts to which he had been appointed by Mayor Thomas Bradley. Six months before his election a poll showed Riordan with support of only 3 percent of the voters.

But Riordan ran for mayor at a time when California was disenchanted with politicians and Los Angeles was reeling from a long recession and the deadly April 1992 riots triggered by acquittal of four Los Angeles police officers charged in the videotaped beating of Rodney King, an African American. Mayor Bradley's popularity declined sharply after the riots, and he decided to retire after four terms. Riordan, proclaiming he was "tough enough to turn L.A. around" and spending heavily to boost his name recognition, emerged as a leading candidate to replace Bradley in the nonpartisan office of mayor.

Los Angeles is a culturally diverse city where Latinos and Asians form a majority of the population but only 12 percent of the electorate. Whites are two-thirds of the voters, and Riordan led all candidates in a multi-candidate April primary. His opponent in the June runoff was Councilman Michael Woo, a Democrat who tried to capitalize on the heavy Democratic majority among Los Angeles voters by making the race a partisan test. Woo depicted himself as the legitimate heir of the coalition of African Americans, Jews, and business interests that had elected Bradley 16 years earlier. Riordan, a Republican, was described as a conservative throwback to the era when a white oligarchy ruled the city. But Riordan's promise to put 3,000 new police on the streets in four years struck a responsive chord with voters. He won with 54 percent of the vote, receiving overwhelming support from whites, conservatives, and Republicans plus 40 percent of Democrats, 43 percent of Latinos, and 31 percent of Asians. Only African Americans gave Woo solid support.

The new mayor's initial performance was mixed. Riordan proved an awkward speaker who found the bureaucratic process difficult, was embarrassed by rapid turnover among top appointees, and acknowledged a high degree of frustration in dealing with the city council. But Riordan won a major victory in his fight to raise landing fees at Los Angeles International Airport and devote the proceeds to beefing up the city's thinly-spread and over-worked police force. He surprised partisans by developing a close working relationship with President Clinton.

Riordan's political epiphany occurred when the San Fernando Valley was devastated by the Northridge earthquake, which killed more than 50 people, left scores of thousands homeless, and devastated the region's transportation network by cutting three major freeways. Working closely with Police Chief Willie Williams, in contrast to the hostility between Bradley and Police Chief Daryl Gates that hampered coordination during the riots, Riordan took charge of an emergency response that Housing and Urban Development Secretary Henry Cisneros called "the best-organized and best-executed … that we have seen." Even the mayor's opponents praised him for demonstrations of leadership that included frequent appearances at disaster sites and tireless efforts to cut red tape for quake victims. "I think people care about Los Angeles, and they're not going to give up on it," he said the day after the quake. "I believe in making decisions. It's easier to get forgiveness later than to get permission now."

Riordan's performance in this crisis put him in the fore-front of the nation's mayors and gave him national visibility in a city that many, including Riordan, saw as a national harbinger of the multicultural society that the nation will become in the 21st century.

Riordan continues to draw attention as mayor of Los Angeles. He resides in the L.A. area.

Further Reading

For additional information on Riordan see "And Now for Something Completely Different," the Los Angeles Times Magazine (July 11, 1993); "Riordan Shows a Steady Hand in Leading a Rattled City," column by Bill Boyarsky in the Los Angeles Times (Jan. 23, 1994); "Richard Riordan '52: Mayor of L.A.," Princeton Alumni Weekly (Dec. 8, 1993); and "Richard Riordan on the Job," Los Angeles Lawyer (Dec. 1993).

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Wikipedia: Richard Riordan
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Richard J. Riordan

In office
1993 – 2001
Preceded by Tom Bradley
Succeeded by James K. Hahn

Born May 1, 1930 (1930-05-01) (age 79)
New York City, New York, U.S.
Political party Republican
Spouse(s) Nancy Daly Riordan
Children three
Residence Los Angeles, California, U.S.
Alma mater Princeton University
University of Michigan Law School
Religion Roman Catholic

Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S.A. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles, California from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002.

Contents

Pre-political life

Riordan, an Irish-American, was born in Flushing, New York and attended Princeton University, earning a degree in philosophy. He then served in the Korean War, and earned his Juris Doctor degree from the University of Michigan Law School in 1956. Shortly thereafter he received an inheritance from his father. He invested the money in four firms — Control Data Corporation, Litton Industries, Haloid (predecessor of Xerox), and Syntex — and within a few years had converted an $80,000 investment into almost $500,000.

He moved to Los Angeles to begin work as an attorney for the downtown law firm of O’Melveny & Myers, but spent the next several years at a number of law firms including Nossaman LLP all the while honing his skills as a venture capitalist. Among his successes were the first company to produce low-cost cassette tapes, as well as a $650,000 investment in Convergent Technologies which increased to $19.9 million when it was acquired by Unisys in 1985.[citation needed]

In 1975, he co-founded Riordan & McKinzie, a boutique law firm in Los Angeles. The firm later merged with Bingham McCutchen in July 2003.

Career in private equity

In 1983, Riordan co-founded Riordan, Freeman & Spogli, a private equity firm, along with Bradford Freeman and Ronald Spogli. He focused primarily on venture capital investments computer, medical and semiconductor companies. The firm made its name in the 1980s through a series of leveraged buyout transactions, most notable of which was the 1984 buyout of Mattel.

Throughout the 1980s, Riordan, Freeman & Spogli also executed leveraged buyouts of a series of supermarket retailers including Bayless Southwest (Phoenix), Boys Markets (Los Angeles), P&C Foods (Syracuse, Piggly Wiggly (various Southern states) and Tops Markets (New York and Pennsylvania).

In 1988 he formed a venture capital firm called Riordan, Lewis & Haden with J. Christopher Lewis and former Los Angeles Rams and USC quarterback Pat Haden. Riordan had separated from the other two partners of Riordan, Freeman & Spogli (subsequently renamed Freeman Spogli & Co.) in 1988, when they decided to specialize primarily in larger leveraged buyouts of more mature companies. Riordan relinquished his general partner position in the firm to form Riordan, Lewis & Haden. Riordan, Lewis & Haden remains a small private equity firm focusing on growth capital investments in middle-market companies.

The Riordan Foundation

Riordan created The Riordan Foundation in 1981 with the goal of helping people to acquire the skills necessary to compete successfully in society. The foundation works to teach children how to read and write at an early age and to nurture leadership skills in young adults. Now, more than 25 years later, the Foundation has encouraged computer-based, early childhood literacy programs across the country and youth development and leadership programs with over 2,300 graduates. Through its Rx for Reading programs, The Riordan Foundation has distributed over 23,400 computers to over 2,110 schools in 40 states and provided funds for over 145,000 books purchased for elementary classroom libraries.[1]

Mayor

When Los Angeles Mayor Tom Bradley announced his retirement, Riordan's interest turned to the 1993 mayoral election. It was to be a pivotal election for several reasons. Bradley had served in office for five terms, so the winner would be the first new face in two decades. During this time Los Angeles had become a major world city, but had also witnessed a dramatic rise in crime, especially gang violence, traffic, and other problems damaging the city's quality of life. The booming economy of the previous three decades had fizzled. Racial tensions had risen with the LAPD under Chief Daryl Gates under sharp criticism for his tactics. Overshadowing and overarching all were the 1992 Los Angeles riots, which followed the acquittal of four LAPD officers accused of beating African-American motorist Rodney King.

Riordan and Mike Woo, City Councilman for Hollywood, emerged as the leading candidates in a fierce and bitter race. Although municipal elections in California are non-partisan, the news media observed that Republican Riordan and Democrat Woo contrasted starkly. Riordan campaigned as a businessman "tough enough to turn L.A. around". He promised to crack down on crime, stating that "from a safe city, all else follows," by hiring 3,000 additional police officers, and to shore up the city's finances and business environment by reducing regulation and contracting private firms to operate LAX. Riordan spent several million dollars on his campaign out of his own pocket. Woo's campaign criticized the police and attacked Riordan as too wealthy and too white to understand the issues of concern to the ordinary Angeleno.[citation needed]

On election day, Riordan won a decisive victory, 54%-46%, becoming the first Republican mayor in over thirty years. Many of his proposals were blocked by the heavily Democratic City Council or proved simply unfeasible in reality; for example, the police academy did not have enough classroom space and instructors to train as many new police officers as Riordan had initially promised. He streamlined certain business regulations and established "one-stop" centers around the city for functions such as permit applications. He feuded with Gates' successor, former Philadelphia police commissioner Willie Williams, but oversaw a general decline in crime. (In 1997, Riordan replaced Williams with LAPD veteran Bernard Parks.) In 1997, he was reelected in a landslide against California State Senator Tom Hayden.[citation needed]

Riordan's tenure was marked by a controversy over the massive cost overruns occurring during the construction of the Los Angeles County Metropolitan Transportation Authority's Red Line subway, a project close to his heart. At the same time, a previously little-known group called the Bus Riders Union sued the city — on the basis of racial discrimination — over diversion of funds from buses to Red Line construction, and managed to force it into a ten-year consent decree in 1996 that eviscerated MTA funding for the construction of subway and light rail projects. Riordan has publicly regretted having signed the consent decree and counts it as the biggest mistake of his mayoral tenure.[citation needed]

Riordan tackled the problem of governing the sprawling city by spearheading the creation of neighborhood-based councils, to provide community organizations a way to participate in governance. He paid special attention to improving the state of the Los Angeles Unified School District; while he had no direct jurisdiction over that body, he campaigned heavily for reform-oriented candidates. He further invested his own personal money into California's school system, spending nearly $50 million for new classroom furnishings, including computers.[citation needed] As mayor Riordan collected a salary of $1 per year. In 1999 he backed a City Charter reform that curtailed the ability of members of the City Council to block reforms.

Riordan was succeeded in 2001 by James K. Hahn after being term-limited out of office; in fact, it was Riordan who spearheaded the city's term limit ballot initiative, prior to becoming mayor. In the mayoral primary election that year, Riordan had endorsed his advisor and friend Steve Soboroff. Soboroff came in third in the nonpartisan race, and Hahn and former California State Assembly Speaker Antonio Villaraigosa advanced to the runoff. In the runoff election, Hahn defeated Villaraigosa, whom Riordan endorsed for the second round of balloting. Villaraigosa would go on to beat Hahn in a 2005 rematch for Mayor.[citation needed]

2002 Gubernatorial race

In 2002, Riordan, a moderate Republican, decided to seek the governorship. He was opposed in the Republican primary election by conservative businessman Bill Simon and former California Secretary of State Bill Jones. Although he led early in the race by over 30 percentage points, he eventually lost to Simon by 18 percent.

One controversial aspect of his loss was the fact that Governor Gray Davis' campaign spent millions of dollars running attack ads against Riordan — essentially helping the Simon campaign. It is very rare for a candidate to try to influence the other party's primary in such a manner; however, Davis felt that he had a much better chance against the conservative Simon than the moderate Riordan, and that the move was worth the risk. Riordan lost the primary, and Davis went on to defeat Simon 47%–42% in the general election.[citation needed]

California Secretary of Education

When Davis was removed by the 2003 California recall, there was speculation that Riordan might run for his office. However, after friend and fellow moderate Republican Arnold Schwarzenegger announced his intention to run, Riordan decided against running himself. He endorsed Schwarzenegger, and, following his victory, served on his transition team, and was appointed to the cabinet as Secretary of Education. Riordan left the position on June 30, 2005.

Not known for his eloquence, Riordan became the center of a media circus, due to a remark made July 1, 2004 to a 6-year-old girl, Isis D'Luciano, in Santa Barbara. During a children's library event, she asked Riordan if he knew what her name, Isis, meant. Riordan responded, "it means stupid, dirty girl", laughed with several others in the crowd, and then asked her what it really meant. She then replied, "It means 'Egyptian goddess'," to which Riordan stated, "That's nifty." He later explained it as a failed attempt at humor. Although Governor Schwarzenegger continued to support him, Riordan's resignation was demanded by State Assemblyman Mervyn M. Dymally, citizens' rights groups, and civil rights groups, including the NAACP, and LULAC. It should be noted that the NAACP withdrew from the fray after learning that the girl was white.[citation needed]

The Los Angeles Examiner

In early 2003 Riordan began circulating a prototype of a weekly newspaper he intended to begin publishing that June. The Los Angeles Examiner was intended to be a locally-focused, sophisticated, and politically-independent publication.[2][3] It was never published. Riordan put the project on hold when he was appointed as state secretary of education.

Current involvement in city politics

In the 2001 election for Mayor, Riordan endorsed his friend and advisor Steve Soboroff in the primary and Antonio Villaraigosa in the general election. In 2005, he backed former State Assembly Speaker Robert Hertzberg in the primary and Antonio Villaraigosa in the general election. In both races, he chose not to endorse James Hahn.

Riordan has played a role in City Council elections, becoming a major supporter of candidates Bill Rosendahl in 2005, Monica Rodriguez in 2007 and Adeena Bleich in 2009. Rosendahl won election and currently represents the Eleventh District; Rodriguez lost to Seventh District Councilman Richard Alarcon and Bleich lost to Paul Koretz and David Vahedi who advanced to the runoff election.

Legacy

The downtown branch of the LA City library is named after him.

Restaurants

Richard Riordan is also a restaurant owner. Prior to becoming Mayor, he purchased the Original Pantry Cafe in Downtown Los Angeles. In Pacific Palisades, California he owns Gladstones 4 Fish and acquired long-time traditional hangout Mort's Deli, angering some locals when he re-opened it as The Village Pantry.

References

  1. ^ Description taken from the official Riordan Foundation website
  2. ^ Rutten Review
  3. ^ Christian Science Monitor report

Sources

Political offices
Preceded by
Tom Bradley
Mayor of Los Angeles, California
1993—2001
Succeeded by
James K. Hahn

 
 

 

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