Heather Reisman, CEO of Chapters and Indigo Books
Heather Reisman (b. 1948) was born in Montreal and studied at McGill University to become a social worker. Looking for a fresh start after getting divorced, Reisman moved to Toronto and switched careers, entering the world of business. In 1979 she co-founded a consulting company which she directed for seventeen years. That experience led her to become the president of Cott Beverages in 1992 (a private Canadian soft-drink company that makes RC Cola, among others). Several years later, Reisman noticed an opportunity to expand Canada’s book retail market. In 1996 she founded Indigo Books & Music, with help from her husband Gerry Schwartz, who is listed by Forbes among the richest Canadians. In 2001, Indigo acquired its top competitor Chapters (and its subsidiaries Coles and SmithBooks) to become Canada’s largest book retailer. Reisman is still the CEO of the socially-responsible company, praised for its green initiatives, progressive policies, and for being among Canada’s top 100 employers. Indigo also produced Kobo, Canada’s most popular eReader. Reisman herself is a noted philanthropist, donating generously to the University of Toronto and Harvard, Mt. Sinai Hospital, the UJA and a host of other institutions, many of which are pro-Israel, such as the Heseg Foundation which assists Israeli lone soldiers, as well as Israeli Ethiopian and Druze soldiers. Indigo also commits $1.5 million every year to schools across Canada through its Love of Reading Foundation. For all of her efforts, Reisman has been listed among the world’s 50 top businesswomen. She has been awarded several honorary degrees, and has even served as the governor of the Toronto Stock Exchange and McGill University.
Words of the Week
When one eats and drinks, one must also feed the stranger, the orphan, the widow, and the other unfortunate paupers. But one who locks the doors of his courtyard, and feasts and drinks with his children and wife but does not feed the poor and the embittered – this is not the joy of mitzvah but the joy of his stomach.
– Maimonides (Mishneh Torah, Laws of Festivals 6:18)
The 10th richest person in the U.S., Michael Rubens Bloomberg was born in Massachusetts, the grandson of immigrants from Europe and Russia. In the 1970s he worked for a Wall Street firm where he learned that information is the key to success, and people are willing to pay for it. So, when the company he worked for was bought out, he used his severance money to start a company called Market Systems, which built terminals that gave their users on-the-fly and up-to-date financial information, presented in various graphs and charts to make it simple to understand. The company started selling its terminals in 1982 and they were an instant hit. By 1990, over 8000 ‘Bloomberg’ terminals were in use around the world. Today, that number has risen to 310,000, and Bloomberg LP also includes a news channel, radio stations, magazines (such as BusinessWeek) and software. Michael Bloomberg himself left the helm of the company to become popular mayor of New York City. His mayoral salary is a symbolic $1. A mayor of the people, Bloomberg often rides the NYC subways to work. More impressively, The Chronicle of Philanthropy lists him as the leading individual donor in the U.S. for two years in a row. Bloomberg has donated hundreds of millions of dollars to hospitals, schools, environmental causes, and scientific research, as well as the arts. Many of his contributions are anonymous. He recently pledged another $500 million together with Bill Gates. Some have stated Bloomberg is the greatest contributor to higher education institutions in history, donating over $800 million to Johns Hopkins alone. All of these factors may be why Bloomberg has been elected to a third term as mayor, despite the two-term limit. And some say he will be president in the near future. If so, it would make him the first Jewish Commander-in-Chief.