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Sidney Frank

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Submitted By bigchief2012
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Sidney E. Frank (October 2, 1919 – January 10, 2006) was businessman who became a wealthy billionaire through his promotion of Grey Goose Vodka and Jägermeister. Frank was born in Montville, Connecticut, to a Jewish family. His father and mother were Abraham and Sarah Frank. He grew up in Norwich, Connecticut and graduated from the Norwich Free Academyin 1937. He attended Brown University in 1942 but left because he could only afford one year of tuition. He later made large gifts to the university to ensure that no student would ever have to leave Brown because of inability to pay tuition. Brown University named its new Life Sciences building (its largest capital project up to date) after Sidney Frank, the single most generous donor in the University's history. During World War II, Frank worked for Pratt and Whitney as an aircraft engine mechanic in the South Pacific. Frank's first wife, Louise Rosenstiel, was the daughter of Lewis Rosenstiel, founder of Schenley Industries, one of the largest American distiller and spirit importers. Frank joined Schenley after his marriage and rose to the company presidency, but was forced out in a family dispute in 1970.
Entrepreneur
In 1973 his wife died and he started his own company, Sidney Frank Importing Company, where he served as chairman and chief executive officer. The company is based in New Rochelle, New York where Frank lived part of the year (he had a home in Santa Fe, California as well). Frank's first big success with his own company was with Jacques Cardin brandy, a brand he purchased from Seagram in 1979. In the 1980s, he obtained importing rights to Jagermiester and promoted it heavily, advertising it as the best drink in the world, turning a specialty brand into a mainstream success. In 1997, he introduced Grey Goose vodka, made in France, and was so successful in promoting it that he sold the brand to Bacardi for $2 billion in June 2004. Forbes magazine ranked him the 185th richest man in America in its Forbes 400 list.
Philanthropy
Frank gave large bonuses to his employees and made both a $12 million donation to The Norwich Free Academy and a $120 million donation to Brown University in 2005, the ninth-largest philanthropic gift in that year. In October 2005, Frank donated £500,000 and a statue by sculptor Stephen Kettle to Bletchley Park Trust to fund a new Science Center dedicated to Alan Turing and, as a great supporter of RJ Mitchell's Spitfire, commissioned a life size statue of Mitchell as well as funding a website dedicated to Mitchell's life: RJ Mitchell. A life in aviation. His foundation has been one of the biggest supporters of the Israel Olympic Committee and has helped to pay for improvements in several Israeli sports.
Death and Succession Frank died January 10, 2006 on a private plane in flight between San Diego,California and Vancouver, Canada at the age of 86 from heart failure. He was declared dead in San Francisco, California. On his plane were several nurses and medical doctors as well as a defibrillator, but he could not be revived. He is buried in the Rosenstiel family plot at United Jewish Cemeteries in Cincinnati. His daughter Cathy Frank Halstead is currently chairwoman of Sidney Frank Importing Company. Cathy Frank figured prominently in a highly publicized case regarding her grandfather's will that led to the disbarment of the controversial lawyer Roy Cohn. In 1975, Cohn entered the hospital room of a dying and comatose Rosenstiel, forced a pen to his hand and lifted it to the will in an attempt to make himself and Cathy Frank beneficiaries. The resulting marks were determined in court to be indecipherable and in no way a valid signature. In 1986 Cohn was disbarred for unethical and unprofessional conduct in the case, as well as misappropriation of clients' funds and lying on a bar application.Sidney Frank, and his son Matthew Frank, also sued the Rosenstiel estate, each in a separate action.
SIDNEY FRANK IMPORTING COMPANY INC. Sidney Frank Importing Company, Inc. (SFIC), based in New Rochelle, New York, staffs more than 150 full-time employees and has a network of distributors and brokers throughout the United States. Sidney Frank Importing Company Inc. prides itself on being a creative and effective beverage alcohol company known for their continuous introduction of innovative products and initiatives. Privately-held and family-owned, the company operates in a highly entrepreneurial and flexible environment and culture, and values simplicity, effectiveness and a high regard for its people and community. Sidney Frank Importing Company Inc. currently imports Jägermeister Herbal Liqueur - the number one selling imported Liqueur and shot brand in the United States, Gekkeikan Saké - the world’s largest sake with sales of over 400,000 cases a year, Michael Collins Irish Whiskey- the double distilled single malt and blended whiskies named for the Irish legendary hero and produced at Ireland’s last independent distillery, American Harvest - the revolutionary organic vodka to which a proprietary blend of organic ingredients has been added, resulting in the distinctive, smooth, clean and crisp taste, JC Cognac - the VSOP known for its unmatched quality and unique flavor extensions of Apple and Jasmine, Bärenjäger Honey Liqueur - the German imported honey liqueur made with generous amounts of premium natural Yucatan honey, Jacques Cardin Brandy - the French brandy of uncommon distinction defined by its rich color and superior flavor, Hudson’s Bay Scotch - a smooth blend of 100% Scotch Whiskies distilled and blended in Scotland and St. Vivant Armagnac - the premium French brandy steeped in tradition dating back to 1559. All State Promotions, Inc. is the exclusive promotions company for all SFIC products and boasts over 2,000 models dedicated to the SFIC portfolio including the Jägerettes, the industry’s first models. The unique and revolutionary Jägermeister Tap Machines, developed by Sidney Frank Importing Company, Inc., are sold by Tap Machine, Inc. Sidney Frank Importing Company Inc. is dedicated to responsible consumption by those of legal drinking age and is a member of The Distilled Spirits Council of the United States (DISCUS) and The Century Council. Sidney Frank founded the Sidney Frank Importing Company, Inc. in 1972. Sidney Frank is best known for his innovative marketing approach and success of Jägermeister Herbal Liqueur and the creation of Grey Goose Ultra-Premium Vodka. Today, Sidney Frank’s legacy serves as an inspiration and lives on at Sidney Frank Importing Company

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