A few years ago, polo player Nacho Figueras was a happy customer at the lemonade stand set up by Diana DiMenna and her children on the final day of polo at Two Trees Farm in Bridgehampton, benefiting the Robin Hood Foundation.
The Robin Hood Foundation defied the recession and raised a record-setting $72.7 million at its annual spring gala last year. Still, executive director David Saltzman was nervous about this Monday’s fundraiser.
The Robin Hood Foundation's annual fundraiser raised $57.4 million on May 14 with a sprawling event that took over Manhattan's Javitz Center. The more than 3,800 guests including George Soros, Steve Cohen and Paul Tudor Jones and stage appearances by Jimmy Fallon, Brian Williams and Rihanna. Bloomberg's Stephanie Ruhle was given exclusive access as the event's organizers planned the evening. Additional footage courtesy Robin Hood Foundation. (Source: Bloomberg)
Barry Sternlicht, the head of real estate investment firm Starwood Capital Group LLC, said there is an abundance of credit available, disputing a comment made by former U.S. Treasury Secretary Lawrence Summers about banks needing to do more lending to stimulate the economy.