Business & Professional
Shang-Chai
Exploring the
Jewish-Chinese
Connection
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Gilbert reiterated that he will not relo-
cate the Cays, nor relocate himself to
Cleveland. "The team will stay put in
downtown Cleveland — right where
they belong," he declared.
Gilbert figures it's "just a 20-minute
flight" from Detroit to Cleveland's
downtown airport, or "a two-hour-and-
20-minute car ride" from his Livonia
office to Cleveland.
However, some changes are planned,
such as coming up with a new name for
the 20,000-seat Gund Arena that is part
of the purchase agreement.
A graduate of Southfield-Lathrup
High School, and with a communica-
dons degree from MSU where he once
hosted a cable TV sports talk show,
Gilbert spent six months as a TV
reporter in Kalamazoo, then got a real
estate license and attended Wayne State
University's law school in Detroit. In his
first year at WSU, in 1985 at age 23, he
used $5,000 to found Rock Financial in
a shared office suite in Southfield. "The
[company] name is short, simple and
memorable," he explained.
His partners were his brother, Gary,
now a movie producer in New York
(Garden State, and Lindsay Gross of
Franklin. The organization now has
more than 2,250 employees, and last
year generated more than $400 million
in revenue and closed nearly $12 billion
in mortgage loans — a rate of one deal
every 75 seconds somewhere in the 50
states.
The company was cited by Fortune
magazine last year as the 12th best
place to work in the U.S.
In the late 1990s, Rock went public
at $10 per share. Then Gilbert sold
the company to Intuit, Inc., the
California-based maker of market-
leading software Quicken and Turbo
Tax for $370 million in Intuit stock.
Rock shareholders were paid off at
$33 a share – more than triple their
original investment.
In 2002, he and a group of private
investors bought Quicken Loans back
from Intuit.
Memos
amorg.info • 313-884-1455
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from page 47
800 - 767 - 0227
Daniel Levin of
Huntington Woods
received the David
D. Henry Award for
leadership, service
and academics at
winter commence-
ment at Wayne
State University in
Levin
Detroit. He
addressed the 2,000-
student December graduating class.
Levin was enrolled in the Honors
Program and a member of Beta Gamma
Sigma and the Golden Key National
Honor Society.
He majored in finance in the School
of Business Administration. He was vice
president in the school's Student Senate
and president of the Honors Program
social committee. This year, he earned
the Dean's Award for outstanding serv-
ice in the school.
Levin also participated in WSU's
Club Hispano, which provides opportu-
nities for Spanish language students to
engage in conversation in that language
and to learn about Latino culture and
cuisine.
Dr. Mark L. Rosenblum of West
Bloomfield, chair of neurosurgery at the
Detroit-based Henry Ford Health
System, was recently
presented with the
Charles B. Wilson
Award by the
American
Association of
Neurological
Surgeons and the
Congress of
Rosenblum
Neurological
Surgeons.
Dr. Rosenblum, founder and chair for
the first eight years of the joint Section
on Tumors, has been successful in estab-
lishing workshops and initiating funding
for awards to recognize advances in the
field.
Lawrence Gadd of
Huntington Woods
has joined the firm
of Strobl
Cunningham &
Sharp as shareholder.
He practices exten-
sively in complex
Gadd
commercial litiga-
tion, employment
litigation, construction litigation, appel-
late matters, white-collar defense work
and general business representation.
Gary A. Kravitz of Farmington Hills
has been elected a member of Dawda,
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February 03, 2005 - Image 48
- Resource type:
- Text
- Publication:
- The Detroit Jewish News, 2005-02-03
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