{"id":1776,"date":"2016-01-22T12:46:12","date_gmt":"2016-01-22T17:46:12","guid":{"rendered":"https:\/\/howardandabbymilsteinfoundation.org\/?p=1776"},"modified":"2023-11-17T09:57:43","modified_gmt":"2023-11-17T14:57:43","slug":"howard-milstein-talks-with-cnn-about-partnership-with-jack-nicklaus-and-philanthropy","status":"publish","type":"post","link":"https:\/\/howardandabbymilsteinfoundation.org\/2016\/01\/howard-milstein-talks-with-cnn-about-partnership-with-jack-nicklaus-and-philanthropy\/","title":{"rendered":"Howard Milstein talks with CNN about his partnership with Jack Nicklaus, and their common devotion to philanthropy"},"content":{"rendered":"

Howard Milstein told CNN reporter Paul Gittings that he believes his partnership with golf legend Jack Nicklaus was founded on the two men\u2019s commitment to giving to worthy causes. \u201c[Milstein] believes it was one of the reasons Nicklaus chose him to be his partner in a \u2018beauty parade\u2019 which also included private equity firms, who might have been tempted to sell on their share to maximize profit,\u201d Gittings said. The article<\/a> appeared on CNN.com on the occasion of Nicklaus\u2019 76th birthday.<\/p>\n

The partnership dates to 2007, when Milstein bought a 49 percent stake in the Nicklaus Companies group. A notable aspect of the business plan earmarks a percentage of the proceeds from sales of certain Nicklaus-branded products for children\u2019s healthcare. For every box of Nicklaus golf balls sold, for example, a donation is made to the Nicklaus Children\u2019s Health Care Foundation. Similar programs are in place for Jack\u2019s House Wine and Jack Nicklaus ice cream.<\/p>\n

Despite his recent birthday, Jack Nicklaus shows no signs of slowing down. \u201cNicklaus had originally committed to providing his services for five years to promote the brands before stepping back, but is working as hard as ever,\u201d Gittings says. \u2018I felt Howard didn’t get a fair shake to realize the value of our company,\u2019 he explains.<\/p>\n

\u201cMilstein was not going to persuade him otherwise, and would probably not have succeeded if he had tried. \u2018He’s a perfectionist with the attitude of a young man always looking to do better,\u2019 the younger partner says. \u2018I’ve told my company I will work as long as I can be effective,\u2019 adds Nicklaus.\u201d<\/p>\n

The article concludes with a tribute by Howard Milstein to Nicklaus\u2019 character, saying, \u201cJack is the most genuine and most wholesome, and straightforward and successful American that you will find. Those are great attributes in a partner, and he is good to his word.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Howard Milstein told CNN reporter Paul Gittings that he believes his partnership with golf legend Jack Nicklaus was founded on the two men\u2019s commitment to giving to worthy causes. \u201c[Milstein] believes it was one of the reasons Nicklaus chose him to be his partner in a \u2018beauty parade\u2019 which also included private equity firms, who…<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nHoward Milstein talks with CNN about his partnership with Jack Nicklaus<\/title>\n<meta name=\"description\" content=\"Howard Milstein told CNN he believes his partnership with golf legend Jack Nicklaus was founded on the two men\u2019s commitment to giving to worthy causes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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