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Boston Business Journal
Sept 17 2010
Hittite founder's money boosts Turkey's image
Boston Business Journal - by Tim McLaughlin
Five years after stepping aside as chairman of Chelmsford's Hittite
Microwave Corp., Yalcin Ayasli has pumped tens of million of dollars
into Turkish causes, even finding himself in the middle of the debate
over whether the killing of 1.5 million Armenians during the Ottoman
Empire was genocide.
Ayasli's spending largely has escaped notice. Even some of the
beneficiaries of his money, such as an Ohio congresswoman, say they
don't know who he is.
Ayasli has funded his interest in the culture and heritage of his
native Turkey through the steady sale of Hittite stock. Over the past
year, Ayasli and members of his family have sold $131 million worth of
Hittite shares. And since April 2006, that total is about $438
million, according to data gathered by a unit of Thomson-Reuters.
Ayasli and his family also have become a force to be reckoned with in
American politics. During the past three election cycles, the Ayasli
family has contributed several hundred thousand dollars to Democratic
and Republican campaigns and political action committees, according to
the nonpartisan Center for Responsive Politics in Washington D.C.
http://boston.bizjournals.com/boston/stories/2010/09/20/story3.html
From: A. Papazian
Sept 17 2010
Hittite founder's money boosts Turkey's image
Boston Business Journal - by Tim McLaughlin
Five years after stepping aside as chairman of Chelmsford's Hittite
Microwave Corp., Yalcin Ayasli has pumped tens of million of dollars
into Turkish causes, even finding himself in the middle of the debate
over whether the killing of 1.5 million Armenians during the Ottoman
Empire was genocide.
Ayasli's spending largely has escaped notice. Even some of the
beneficiaries of his money, such as an Ohio congresswoman, say they
don't know who he is.
Ayasli has funded his interest in the culture and heritage of his
native Turkey through the steady sale of Hittite stock. Over the past
year, Ayasli and members of his family have sold $131 million worth of
Hittite shares. And since April 2006, that total is about $438
million, according to data gathered by a unit of Thomson-Reuters.
Ayasli and his family also have become a force to be reckoned with in
American politics. During the past three election cycles, the Ayasli
family has contributed several hundred thousand dollars to Democratic
and Republican campaigns and political action committees, according to
the nonpartisan Center for Responsive Politics in Washington D.C.
http://boston.bizjournals.com/boston/stories/2010/09/20/story3.html
From: A. Papazian