Obama Family's 2013 vacation rental

President Obama and his family are tightening their belts, just like the rest of America. With their usual $21 million vacation home on Martha's VIneyard unavailable for the first family's August 10-18 holiday, they have rented a nearby $7.6 million palace instead.
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borlefborlef picture
@ 2013-08-31 18:50:59
Owner is David Schultze of Chicago

Mr. Schulte has more than 30 years of restructuring experience. He founded Chilmark Partners and has been its managing general partner and the head of the firm’s restructuring advisory services and principal investing activities since 1984. Mr. Schulte is the managing general partner of Chilmark Fund II and was one of two individuals who acted as the general partner of the Zell/Chilmark Fund when it was formed in 1990. Prior to founding Chilmark Partners, Mr. Schulte created and ran Salomon Brothers Corporate Reorganization Group.


Advisory Experience Recent select advisory experience includes NFLPA, Chrysler, Idearc, USG, Recycled Paper Greetings, and Adelphia Communications.
Distressed Investing Experience Former Chairman of the Board of Jacor Communications, Inc. and served as a member of the following boards: Broadway Stores, Inc., Fuel Systems Holdings LLC, Midway Airlines Corp., Nutramax Products, Inc., Phillips & Temro Holdings LLC, Revco D.S., Inc., Santa Fe Energy Resources, Inc., Scott Sports Group/Schwinn Bicycle Company, Sealy Corporation, The Wellbridge Company, among others.
Operating Experience Executive Vice President of Northwest Industries, where he had operating responsibility for four divisions with revenues in excess of $700 million and pre-tax income of approximately $70 million.
Education/Other Summa cum laude from Williams College, J.D. from Yale Law School, Editor-in-Chief of The Yale Law Journal, Clerk for U.S. Supreme Court Justice Potter Stewart