Owners

Jay Penske, Daniel S. Loeb & Chad Hurley

Jay Penske

In addition to owning and operating Dragon Racing, Jay Penske is the Chairman and Chief Executive Officer of Penske Media Corporation. Under his leadership, Penske Media was named one of the Top 100 Private Companies in North America. It engages with more than 180 million global consumers monthly via its 22 leading publications as well as its data platforms and live events businesses. Jay has been at the helm of the company since its inception in 2004, successfully creating, building and selling the fifth largest Internet portal (Mail.com) to United Internet. Today PMC navigates a path for legendary media brands such as Variety, WWD, Robb Report and, its most recently acquired brand, Rolling Stone, to be emboldened by Penske Media’s pioneering digital strategy. Previously he was the Co-Founder and Chairman of Firefly Mobile, Inc., and owner of an antiquarian bookstore in Los Angeles (Dragon Books). Jay is a graduate of The Wharton School of Business at the University of Pennsylvania, with concentrations in Finance and Management & Information Systems, and he’s served on the boards of the Wharton Entrepreneurial School, the American Film Institute and the Paley Center for Media.

Jay Penske

Daniel S. Loeb

Daniel Loeb founded Third Point LLC, a $17 billion asset management firm headquartered in New York, in 1995. He leads portfolio management, risk management and research activities. Before founding Third Point, Daniel Loeb worked on both the buy and the sell sides for over a decade, gaining dedicated experience in distressed debt, high-yield bond sales, risk arbitrage and private investments. Immediately before starting Third Point, he was Vice-President of high-yield bond sales at Citigroup.

Previously, Daniel Loeb was a Senior Vice-President in the distressed debt department at Jefferies & Co., where he worked as a bankruptcy analyst, bank loan trader and distressed securities salesman. Before Jefferies, Daniel was a risk arbitrage Analyst at Lafer Equity Investors. He began his career as an Associate in private equity at Warburg Pincus.

Dan Loeb is a Trustee of the United States Olympic Committee, the Museum of Contemporary Art in Los Angeles, Students First New York, and Mt Sinai Hospital, where he established the Ronald M. Loeb Center for the study of Alzheimer’s Disease in memory of his late father. He is a Member of the Council on Foreign Relations. Daniel Loeb is also the Chairman of the Board of Success Academies Charter Schools. Dan Loeb launched and has funded the Human Rights Campaign’s initiative to protect LGBT rights globally in the face of increasing discrimination. Daniel Loeb graduated from Columbia University with an A.B. in economics in 1983. He has endowed the Daniel S. Loeb Scholarship for undergraduate study there and received Columbia’s John Jay Award for distinguished professional achievement.

Chad Hurley

Internet entrepreneur Chad Hurley is from Pennsylvania. Hurley attended Indiana University of Pennsylva- nia, where he received his bachelor’s degree in fine art. After graduating, he joined eBay’s PayPal division, primarily focusing on user interface. It was there that he met Steve Chen, with whom he founded YouTube. com, a video-sharing website, in 2005. Chad is the co-founder and CEO of the video-sharing website YouTube.com. YouTube quickly became one of the web’s fastest-growing sites, and was ranked as the 10th most popular website just a year after its launch. There are reportedly 100 million clips viewed daily on YouTube, with an additional 65,000 new videos uploaded every 24 hours.

Hurley briefly served as YouTube’s CEO; not long after the company was founded, in 2006, he and Chen sold YouTube to Google, Inc. for $1.65 billion in stock. That same year, Hurley was ranked No. 28 on Business magazine’s “50 People Who Matter” list.