William Harrison Binnie

William Harrison Binnie
Personal details
Born (1958-02-02) February 2, 1958
Scotland, United Kingdom
Political party Republican
Spouse(s) Nina Binnie
Alma mater Harvard University
Website Campaign website

William Harrison "Bill" Binnie is a New Hampshire industrialist, investment banker, and philanthropist, currently president of Carlisle Capital Corporation,[1] president of media company New Hampshire 1 Network and owner of Carlisle One Media, and former Chairman of the Finance Committee for the New Hampshire Republican State Committee.[2] He also a former candidate for the Republican nomination for the U. S. Senate in 2010. He was formerly chairman of Carlisle Plastics, Inc. until that firm was sold to Tyco International in September 1996.[3][4]

Education

Binnie was born in Scotland and immigrated to the United States at the age of 5.[5] He attended Harvard University on a scholarship.[6] As a student, he was a research fellow for the Accounting Review, a journal on finance and accounting. Upon graduation, he attended Harvard Business School, where he served as president of the Management Consulting Club. After graduation, he took a position as a consultant at McKinsey & Co.

Business career

Fresh out of graduation from Harvard, Binnie began to make a name for himself buying and selling companies alongside a wealthy investor for whom he had been doing financial research.

Binnie acquired the assets of Polytech, a Minneapolis, Minnesota-based manufacturer of household and commercial plastics, including food storage bags and wraps, trash bags, and plastic sheeting. Polytech made the "Ruffies" brand trash bag which actor/comedian Jonathan Winters helped to make famous. Binnie also acquired American Western, a Sioux Falls, South Dakota-based private label manufacturer of similar products, along with four other plastics manufacturers that included a line of coat hangers. He consolidated the six companies into Carlisle Plastics, Inc., building a large corporation, employing thousands of workers.[3] He was chairman of the board from 1985 onwards and Chief Executive Officer and President from 1985 to 1994. By 1996, he owned 62.5% of Carlisle's Class B shares making him the majority owner.[7]

By the early 1990s, he was one of the youngest CEOs in New York Stock Exchange history and was featured in Forbes Magazine as a "whirlwind of a manager."[8] Carlisle Plastics was voted one of Walmart's "Vendors of the Year". During his tenure, the firm opened facilities in the United States, Europe, Latin America and Asia.[9]

In September 1996, he sold his controlling interest to Tyco International.[10]

Binnie is currently the president of Carlisle Capital Corporation, a New Hampshire investment and venture capital company.[11] "Current estimates show this company has an annual revenue of $2.5 to 5 million and employs a staff of approximately 5 to 9," according to the tracking site Manta.com in 2009.[11]

He currently owns the Wentworth By The Sea Country Club in Rye, once part of the Wentworth by the Sea Hotel in New Castle.[12]

In 2010, he formed New Hampshire 1 Network and in 2011 Carlisle One Media, acquiring television station WZMY for $9.25 million and renaming it WBIN. By late 2011, he had tripled the number of employees at the station, recruiting from CBS, ESPN, and local competitor WMUR. Also purchased were Vermont television stations WVBK and WVBQ and Nashua station WYCN.[13][14]

In May 2015, Bill Binnie won an award from the NH Preservation Alliance for his "rehabilitation and adaptive use" of the historic Walker School Building in Concord, NH, the site of the ratification of the US Constitution. Which "created a broadcast center for the state capital."

Binnie has partnered with Jeff Shapiro in a bid for Nassau Broadcasting's radio stations in Northern New England, subject to bankruptcy judge and FCC approval.[15]

In 2017, WBIN-TV announced that it had sold its television broadcast rights for $68.1 million dollars. WBIN-TV also entered into a channel-sharing sale of its remaining television license rights with a major television group. While the final sale figures were undisclosed, it is estimated that in total the station sold for nearly $100 million, nearly $90 million more than they $9.25 million originally paid by Binnie.[16]

Binnie is additionally involved in the revitalization of historic downtown Manchester buildings including the former Citizen's Bank Building on Elm Street and three buildings in Manchester's mill yard.[17]

Racing career

A lifetime driver and mechanic, Binnie drove for Lotus before forming Binnie Motorsports. He was a two-time class winner of the 24 Hours of Le Mans, twice as a driver and once as a team owner.[18] He won the ALMS Petite Le Mans Road Atlanta in Georgia, as well as the 12 hours of Sebring.[19] In 2012 he drove for James Watt Automotive's JWA-Avila team.[20]

24 Hours of Le Mans results

Year Team Co-Drivers Car Class Laps Pos. Class
Pos.
2004 United States Intersport Racing United States Clint Field
United States Rick Sutherland		 Lola B2K/40-Judd LMP2 278 25th 1st
2005 France Rachel Welter Japan Yojiro Terada
France Patrice Roussel		 WR LMP04-Peugeot LMP2 233 NC NC
2006 United States Binnie Motorsports Japan Yojiro Terada
United Kingdom Allen Timpany		 Lola B05/42-Zytek LMP2 326 13th 2nd
2007 United States Binnie Motorsports United Kingdom Allen Timpany
United Kingdom Chris Buncombe		 Lola B05/42-Zytek LMP2 318 18th 1st

Philanthropy

After the death of his long-time friend George Jackson, Binnie became a co-founder of the George Jackson Academy in New York City, NY which serves underprivileged youth.[10]

Binnie's extensive charity work in New Hampshire includes donations to expand the "End 68 Hours of Hunger" program into Nashua, NH. "End 68 Hours of Hunger" helps fight food-insecurity for children that rely on school breakfasts and lunch by providing them meals over the weekend as well.[21]

In May 2015, Bill Binnie won an award from the NH Preservation Alliance for his "rehabilitation and adaptive use" of the historic Walker School Building in Concord, NH, the site of the ratification of the US Constitution. Which "created a broadcast center for the state capital."

In 2017, Binnie offered to pay the college tuition for a fifth-grader who told him that she did not plan to attend college. After donating $20,000 for technology upgrades at Smyth Road School in Manchester, NH, Binnie visited the fifth-grade class and asked all the students to raise their hands if they planned to attend college. When only one student did not raise her hand, Binnie pledged to do whatever he could to get the girl to college, including paying her tuition. Binnie said of the girl, "I think she reminded me of me, a little 10-year-old ... who didn't have many expectations of going to college, I hope the best for that little girl. More important, I want her to be ambitious."[22]

Additionally, the Smyth Road Elementary School library was renamed the Bill Binnie Media Center.

Candidacy for United States Senate

Binnie ran for the Republican nomination in the United States Senate election in New Hampshire, 2010 for the seat currently held by Maggie Hassan. The primary was held on September 14, 2010. Binnie ran for the Republican nomination against Hollis businessman Jim Bender, former State Board of Education chair Ovide Lamontagne, and former state Attorney General Kelly Ayotte, who won the primary contest and went on to win the election.

Binnie had announced his candidacy in November 2009,[23] stating that his political beliefs were modeled after the former President Ronald Reagan's vision of a limited government that fostered economic growth.[5] Individuals working on his campaign included Republican consultant Arthur J. Finkelstein, based in New York, former NHGOP executive director[24] Paul Collins, and Sheri M. Keniston, formerly a congressional staffer for John E. Sununu.

Controversy

During the 2010 Senate run Binnie's pro-choice view on abortion attracted death threats from radical anti-abortion terrorists, both against Binnie himself and against his elderly father of the same name. Other acts against Binnie and his family included vandalism of his daughter's car and threatening and harassing phone calls and postal mail.[25]

According to The Children of NAFTA: Labor Wars on the U.S./Mexico Border by journalist, union organizer, and activist David Bacon, Carlisle Plastics closed a factory located in Santa Ana named A&E Plastics in 1989 that employed 450 workers and transferred its production to a Carlisle-owned factory located in Tijuana, Mexico, a maquiladora named Plásticos BajaCal. Bacon claims that A&E Plastics was closed partly in response to attempts by A&E Plastics employees to form a union.[9] Similarly, Carlisle encountered unionizing efforts at Plásticos BajaCal. Factory workers at Plásticos BajaCal attempted to establish a new, independent union. Carlisle fired eight workers at the factory for attempting to organize the independent union there.[26] These and various other incidents led to an investigation by the U.S. Congress into the treatment of trade unionists in Mexico, an investigation carried out by the United States House Committee on Oversight and Government Reform.[27]

In the end, the Mexican government mandated a vote at Plastics BajaCal. Workers overwhelmingly choose to remain part of the existing union rather than create a new and independent union. Allegations have been made that threats and blacklisting of workers influenced the outcome of that vote.[28][29]

During Binnie's 2010 Senate campaign, Binnie stated that Carlisle Plastics' labor relations with employees under his tenure had been excellent and that Carlisle's holdings had included a number of unionized U.S. facilities, that there had never been a strike at Carlisle during his tenure as the CEO, and that it is incorrect to say that the operations of A&E Plastics were moved to Mexico.[30] Binnie claims, "We didn't just shut it down; the employees were retained, they were doing different things."[31][32]

These claims were rebutted by Gary Rayno of the New Hampshire Union Leader who pointed to Carlisle's 1991 Annual Report that had been signed by Binnie as CEO and filed with the U.S. Securities and Exchange Commission. Carlisle's 1991 annual report states in three places that Carlisle Plastics had closed a California plastics factory in order to move operations to Tijuana, Mexico. In one instance the term "relocation" is used to describe the move.[32][33]

Political contributions

Although a moderate Republican, Binnie and his wife have made political contributions to a variety of political causes and candidates. During his time as Chairman of the Finance Committee for the New Hampshire Republican State Committee,[2] Binnie contributed tens of thousands of dollars to the state party. However, the frequency of his donations to Democratic candidates in the past drew criticisms from conservative groups during his candidacy in the 2010 Republican primary for the U.S. Senate.[34]

Binnie gave at least $8000 during the '00 political cycle, including : $5000 to the National Republican Congressional Committee, and contributions to New Hampshire Republican John Sununu and New Hampshire Democratic state Senator Martha Fuller Clark. [35]

In 2010 he gave sizable contributions to New Hampshire Republican candidates for state and federal offices including New Hampshire Republican Congressmen Frank Guinta and Charlie Bass, Florida Congressman Connie Mack, and Connecticut Candidate Tom Foley, as well as hundreds of thousands for New Hampshire Congressional Candidates through Revere America, a conservative Political Action Committee.[36]

During 2010 and 2012 he contributed to the 1st In The Nation Political Action Committee.[37][38]

References

  1. ↑ http://www.manta.com/company/mm42n0p
  2. 1 2 Distaso, John (2011-07-11), "Binnie calls for a GOP leadership meeting to discuss party finances", New Hampshire Union Leader, retrieved 2012-03-13
  3. 1 2 http://www.business.com/directory/industrial_goods_and_services/industrial_supplies/plastics/carlisle_plastics,_inc/profile/
  4. ↑ Cadei, Emily (2010-01-13). "Fur Flies Over Binnie Ad in Massachusetts". Congressional Quarterly Roll Call. Retrieved 2011-02-25.
  5. 1 2 McCord, Michael (2009-11-04), "Rye's Binnie makes official his run for U.S. Senate", The Portsmouth Herald, retrieved 2009-11-11
  6. ↑ Schoenberg, Shira (2009-11-05), "Binnie: Senate needs businessman", Concord Monitor, retrieved 2009-11-06
  7. ↑ "CARLISLE PLASTICS, INC, Form DEF 14A, Filing Date Mar 3, 1995". secdatabase.com. Retrieved May 14, 2018.
  8. ↑ Zweig, Jason (1992-08-31), "Bag Man", Forbes, retrieved 2012-03-12
  9. 1 2 Bacon, David (2004), The Children Of NAFTA: Labor Wars On The U.S./Mexico Border, Berkeley: University of California Press, p. 64, ISBN 978-0-520-24472-6, OCLC 52757356
  10. 1 2 Landrigan, Kevin (2009-11-05), "Binnie files for Sen. seat", Nashua Telegraph, retrieved 2009-11-11
  11. 1 2 "Carlisle Capital Corp". Article. Manta.com. Retrieved 2009-11-11.
  12. ↑ Schoenberg, Shira (2010-08-29), "At club, Binnie battled", Concord Monitor, retrieved 2011-02-25
  13. ↑ Leubsdorf, Ben (2011-02-03), "Binnie sets sights on TV network", Concord Monitor, retrieved 2012-03-19
  14. ↑ Callahan, Kathleen (2011-10-07), "Newly launched WBIN-TV hopes to take a bite out of WMUR's market", New Hampshire Business Review, retrieved 2012-03-19
  15. ↑ Nassau Chap. 11 auction ends with creditor Goldman Sachs keeping some big FMs Radio-Info.com, May 4, 2012
  16. ↑ "N.H. TV station sold for nearly $100 million". fosters.com. Retrieved 2018-07-10.
  17. ↑ "Happy Birthday, Bill Binnie: Magnate buys mill buildings for $11.2 million". Manchester Ink Link. 2017-02-03. Retrieved 2018-07-10.
  18. ↑ Portos, Gabriel (2007-09-15). "Planetlemans talks to Bill Binnie". Archived from the original on 2010-01-13. Retrieved 2010-01-13.
  19. ↑ Nick Candee. "Neat Garage: Bill Binnie Can Give Tidiness Pointers To Roger Penske" (PDF). The Vantage Point. Aston Martin Owners Club: 355–377.
  20. ↑ Dagys, John (2012-03-05). "LE MANS: Sebring WEC Entry Updates". Speed TV. Archived from the original on 2012-03-07. Retrieved 2012-03-19.
  21. ↑ khaas@fosters.com, Kimberley Haas. "Binnie donation boosts End 68 Hours of Hunger". seacoastonline.com. Retrieved 2018-07-10.
  22. ↑ "NH millionaire Bill Binnie offers to pay college tuition for Manchester fifth-grader | New Hampshire". UnionLeader.com. Retrieved 2018-07-10.
  23. ↑ "Rye businessman running for US Senate", Foster's Daily Democrat, 2009-11-05, retrieved 2011-03-08
  24. ↑ Distaso, John (2009-12-30), "Granite Status: Leach moves up in state GOP ranks", New Hampshire Union Leader, retrieved 2010-01-13
  25. ↑ Schoenberg, Shira (2010-09-09), "Pro-choice Republican says he's a target", Concord Monitor, retrieved 2011-02-25
  26. ↑ Rotella, Sebastian (1996-12-23), "Worker Vote Tests Labor Rights in Mexico - Labor: Election at maquiladora goes the company's way. But for the first time in 13 years, a rival union takes part.", Los Angeles Times, retrieved 2009-11-06
  27. ↑ Maquiladora detention : Mexican treatment of trade unionists : hearing before the Employment, Housing, and Aviation Subcommittee of the Committee on Government Operations, House of Representatives, One Hundred Third Congress, first session, September 29, 1993, Washington, D.C.: United States Government Printing Office, 1993, ISBN 0-16-043235-9, LCCN 94135525, OCLC 29593384
  28. ↑ Bacon, The Children Of NAFTA, p. 67.
  29. ↑ Shields, Janice (April 1995), ""Social Dumping" in Mexico Under NAFTA", Multinational Monitor, 17 (4), retrieved 2009-11-06
  30. ↑ "From the Desk of Bill Binnie (campaign advertisement)", New Hampshire Sunday News, p. A5, 2010-08-18, retrieved 2010-08-18
  31. ↑ Rayno, Gary (2010-08-29), "Binnie defends record on Calif. jobs; says workers retained", New Hampshire Sunday News, retrieved 2010-09-06
  32. 1 2 Keefe, Jennifer (2010-09-11), "Binnie, Union Leader butt heads over claim U.S. jobs lost to Mexico", Foster's Daily Democrat, retrieved 2011-02-25
  33. ↑ Rayno, Gary (2010-08-22), "Binnie report detailed jobs move to Mexico", New Hampshire Sunday News, retrieved 2010-08-23
  34. ↑ Distaso, John (2010-08-04), "Binnie in crosshairs of conservative group", New Hampshire Union Leader, p. 4, retrieved 2011-02-25
  35. ↑ "William Binnie Political Campaign Contributions 2000", Campaign Money, 2010-10-20, retrieved 2011-02-18
  36. ↑ http://politicalscoop.wmur.com/exclusive-binnie-is-back-this-time-aiding-bass-with-tv-ads
  37. ↑ "William Binnie Political Campaign Contributions 2010", Campaign Money, retrieved 2012-03-13
  38. ↑ "William Binnie Political Campaign Contributions 2012", Campaign Money, retrieved 2012-03-13
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