Lautenberg, NJ senator and ADP co-Founder, dies at 89

Tom Paine

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Frank Lautenberg, the long-serving (retired once, then returned) Democratic senator from New Jersey, died today at the age of 89. He died at New York-Presbyterian Hospital/Weill Cornell Medical Center, according to his office, due to complications from viral pneumonia.

Prior to his political career, Lautenberg was a co-founder of payroll processing giant Automatic Data Processing (ADP), based in Roseland, NJ. One of the earliest pioneers in the computer services industry, ADP had $10.7 billion in revenue in its FY 2012 and has a market capitalization of almost $34 billion.

Lautenberg became CEO of ADP, which he first joined in 1954, in 1975 before being elected to the Senate in 1982.

Lautenberg’s financial disclosure filings gave him a net worth in the range of $55 million to $116.1 million in 2010. But his children and a charitable foundation he established reportedly lost millions in the Bernard Madoff ponzi scheme.




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Daily Links 10/3/2011: ADP enters HCM Cloud market, Oracle introduces in-memory analytics processor

Why ADP Is the Biggest Cloud Company You’ve Never Heard Of (All Things Digital)
New Jersey-based payroll processing giant enters Cloud-based Human Capital Management (HCM) market, taking on SAP, among others. (Press Release).


Oracle’s Ellison Introduces Faster System to Challenge SAP, IBM (Bloomberg)

Oracle In-Memory Analytics Appliance Debuts At Open World (Information Week)

Top 5 questions out of Oracle OpenWorld 2011 (Gigaom)

Savvis Brings License-Free Oracle, SQL Server to the Cloud (Gigaom via New York Times)

How does analytics look like on BW powered by HANA (SAP Community
Netwok Blogs)

Pension fund that backs NJ companies makes 4 % a year (NorthJersey.com)
Its not clear what these numbers represent; it can be difficult to assess the return on a fund such as this after only four years.

Food for Thought (Knowledge@Wharton)
Will Peapod work in Philadelphia?

C&D Technologies, Inc. to Be Acquired by an Affiliate of Angelo, Gordon & Co. (Philadelphia Business Journal)
Angelo, Gordon already controlled about 2/3 of the Blue Bell-based battery manufacturer.

Comcast Creates Cell Tower Business (Light Reading Cable)



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