Is Eduardo G. Mestre the person who forced out James Watson from Cold Springs Harbor Laboratory?
Mr. Mestre is currently Vice Chairman of Evercore Partners, a leading investment and advisory firm, where he is responsible for the firm’s corporate advisory practice. Formerly, he served as Chairman of Investment Banking at Citigroup, one of several leadership positions he held during his 27-year tenure there. As Chairman, he led many of the integration efforts that created the banking behemoth, including the combination of the banking businesses of Solomon Brothers and Smith Barney and the creation of the dual coverage model between Citibank and Solomon Smith Barney, widely regarded as one of the most successful business models in the industry.
Over the years Mr. Mestre has represented many clients in communications, media, defense, aerospace and technology, including Amgen in its acquisition of Immunex; AOL in its merger with Time Warner; Citigroup in its acquisition of Banamex; News Corporation in its acquisition of Hughes; SBC in its acquisitions of AT&T and Ameritech; and Northrop in its mergers with Grumman, Litton and TRW.
Mr. Mestre is a member of the executive committee and past Chairman of the Board of WNYC, New York’s public radio stations, and he is Chairman of the Board of Cold Spring Harbor Laboratory, one of the nation’s leading cancer, neuroscience and genetic research centers. Born in Havana, Mr. Mestre is a 1970 summa cum laude graduate of Yale and a 1973 cum laude graduate of Harvard Law School.
A view somewhat from the left, only a little on Mestre:
====Watson Resignation Letter ===
“This morning I have conveyed to the Trustees of the Cold Spring Harbor Laboratory my desire to retire immediately from my position as its Chancellor, as well as from my position on its Board, on which I have served for the past 43 years. Closer now to 80 than 79, the passing on of my remaining vestiges of leadership is more than overdue. The circumstances in which this transfer is occurring, however, are not those which I could ever have anticipated or desired.
“That the Cold Spring Harbor Laboratory is now one of the world’s premier sites for biological research and education has long warmed my heart. So I am grateful that its Board now will allow me to remain along my beloved Bungtown Road. Forty-nine years ago, as a newly appointed young Assistant Professor at Harvard, I gave my first course on this pernicious collection of diseases of uncontrolled cell growth and division. Cancer, then an intellectual black box, now, in part because of research at the Laboratory, is almost full lit. Though important facts remain undiscovered, there is no reason why they should not soon be found. Final victory is within our grasp. Strong in spirit and intensely focused, I wish to be among those at the victory line.
“The ever quickening advances of science made possible by the success of the Human Genome Project will also soon let us see the essences of mental disease. Only after we understand them at the genetic level can we rationally seek out appropriate therapies for such illnesses as schizophrenia and bipolar disease. For the children of my sister and me, this moment can not come a moment too soon. Hell does not come close to describing the impact of psychotic disorders on human life.
“This week’s events focus me ever more intensely on the moral values passed on to me by my father, whose Watson surname marks his long ago Scots-Irish Appalachian heritage; and by my mother, whose father, Lauchlin Mitchell, came from Glasgow and whose mother, Lizzie Gleason, had parents from Tipperary. To my great advantage, their lives were guided by a faith in reason; an honest application of its messages; and for social justice, especially the need for those on top to help care for the less fortunate. As an educator, I have always striven to see that the fruits of the American Dream are available to all.
“I have been much blessed.”
Image search of James Watson:
There is quite a contrast between the man who made the science and the man who brought him down. Do we really want to be ruled by the destroyers and not the creators? Do we want to be ruled by the liars? Who is the real hater? Who hates us?
Men’s median wages are the same in the US as in 1973. See graph page 16 at link below. Women’s median wages are below men today so they make less than men did in 1973. In fact, women are still where men were in 1960. See their graph on page 16 too. Men and women’s median earnings have been falling for the last several years.
The above graph is roughly flat for men from 1973 to 2006. For women it is not much better. Mestre was an investment banker involved in mergers and acquisitions, i.e. firing employees during that period. Mestre is a main player in outsourcing, layoffs, H-1B immigration, etc. Mestre is one of those making tens and hundreds of millions of dollars from layoffs and cheap H-1B and other labor.
“NEW DATA SHOW EXTRAORDINARY JUMP IN INCOME CONCENTRATION IN 2004″ By Aviva Aron-Dine and Isaac Shapiro for a graph of income share of top 1 percent from 1913 to 2004. See graph:
The top 1 percent got 20 percent of national income before immigration restriction in the 1920’s, got 10 percent and headed down during restriction, and now are back up to 20 percent. Men are where they were in 1973. Women are where men were in 1960. Mestre is part of the top 1 percent who are becoming rich. Do they hate the people they push down this way? Do they hate it when they speak up?
Was Watson just a hand speaking up out of turn on Mestre’s Plantation? Mestre then reacted with hatred to this hand speaking up? Is this the future of America? Is James Watson just another layoff to investment banker Mestre? Just another older or younger American, who was speaking up, and had to be made an example of?
Why does Mestre get to destroy a great scientist? When Mestre got his chance, he destroyed Watson. Why? Whose fault is it that we let this happen?
This article is draft and preliminary. It is subject to substantial revision. This is speculation, opinion, and hypotheses. All statements should be restated as questions. This is intended to support and be part of one or more petitions to Congress on these matters. Comments are welcome.