Month: November 2021

Austin Schraff

Austin Richard Schraff passed away on August 17, 2021 at the age of 87. Born in Cleveland, Ohio, Austin counted his days as a Cleveland paper boy as a key factor in building the work ethic that would lead him to success later in life. He fondly recalled as a boy taking the bus by himself to Cleveland Browns games at Cleveland Stadium and the Cleveland Zoo, which spoke to his sense of independence. As a high school graduate, Austin enlisted in the U.S. Navy and served as a pilot navigator in the Korean War. After his service, Austin attended Miami University of Ohio. One of his early jobs was working for International Paper, but he eventually moved on to Wall Street as an institutional investor. He established relationships with clients nationally, with a focus on San Francisco and Los Angeles.

Austin met his beloved wife, Ann (since divorced), while skiing at Mont Tremblant near Montreal. Both were avid sportspersons and sports fans during their marriage, attending college and professional football games, as well as many U.S. Open tennis tournaments at Forest Hills and Flushing Meadows. Austin and Ann passed this zeal for sports to their sons, Scott, Greg and Richard, each of whom played college lacrosse—Scott at Brown University and Duke University, Greg at Duke University, and Richard at Michigan State University.

Austin raised his family in Wilton, Connecticut, where he was a member of the Wilton Riding Club and a multi-year winner of the club’s tennis tournaments. While in Wilton, Austin pursued his passion for flying by piloting his Bellanca Super Viking single-engine plane on the weekends in Connecticut, including buzzing over the family home, and taking trips from coast to coast and to the Caribbean to visit friends and on family vacations. Austin was a member of the Darien Men’s Association, and loved the group’s guided historical walking tours of New York City. He was also an avid bridge player, paddle tennis player and golfer. Austin was a longtime and active member of The Connecticut Golf Club, Easton, Connecticut, and Sankaty Head Golf Club, Nantucket, Massachusetts. He loved playing golf competitively and was a regular participant in, and winner of, the Sankaty member-member, member-guest, and the Fall Classic tournaments. Austin played competitive golf until 2019.

Austin is survived by his former wife, Ann, of Phoenix, Arizona; sons, Scott (Barclay) of Phoenix, Arizona, Greg (Nicole) of Durham, North Carolina, and Richard of Nantucket, Massachusetts; brother Tim (Bonnie) of Vermilion, Ohio, sister Diane Tomlinson of Charlotte, North Carolina; grandchildren Arden Schraff, Quintin Schraff, Meade Schraff, Lucy Schraff and Ellie Andrews; and nephews and nieces. He was preceded in death by his parents Austin and Gertrude, and his sister Marilyn.

The family was assisted by Clements Funeral & Cremation Services, Inc. in Durham. Online condolences may be sent to www.clementsfuneralservice.com.

Book Club: Red Roulette by Desmond Shum, Jan 12, 2022

From Kirkus Reviews:

AN INSIDER’S STORY OF WEALTH, POWER, CORRUPTION, AND VENGEANCE IN TODAY’S CHINA

A Hong Kong–raised entrepreneur chronicles a high-flying life of wealth and political connections, eclipsed in harrowing fashion by a new wave of Chinese Communist Party authoritarianism.

In September 2017, Shum’s ex-wife and business partner, Whitney Duan, disappeared without a trace from Beijing, most certainly among the countless victims of trumped-up corruption charges by the relentless arm of Xi Jinping’s Communist Party apparatus. Together, Shum and Duan had built a vast fortune from real estate dealings in China, from the late 1990s through the global recession of 2008, a span of time during which China fully embraced private entrepreneurial energy in order to jump-start the economy. Around 1997, sensing the “go-go energy” of the new boom, in which “stories of instant millionaires and financial sensations” abounded, the couple leapt at the opportunity to enrich themselves, their families, and associates. However, the same intricate political connections that Duan had assiduously cultivated through the years, such as with Zheng Peili (“Auntie Zhang”), the wife of former premier Wen Jiabao, would prove the couple’s undoing as the political winds began to shift with the accession of Xi in 2013. Through a deliberative, slow-building, suspenseful narrative that reveals numerous insights about the mechanics of power and greed, Shum chronicles his humble early beginnings in Shanghai, then Hong Kong, where his family moved for more opportunity and he excelled as a swimmer, through college at the University of Wisconsin and attempts at trying his hand in the fledgling field of private equity. He effectively shows how Duan, a boldly calculating investor from a humble background, helped mold him into a highly successful entrepreneur. While Shum insists that they both fervently believed their wealth could foster social changes, he learned early on that what the Party gives, the Party can take away. Observers of contemporary Chinese affairs, consistently intriguing and murky territory, will find much to interest them here.

A riveting look inside “the roulette-like political environment of the New China.”

Hike Mianus River Park, Nov 18, 2021, 10:00

   

HIKING MIANUS RIVER PARK
STAMFORD, CT
NOVEMBER 18, 2021

On a spectacular mid-November day, 10 DMAers and 2 spouses hiked
for 3.8 miles in a little over two hours through the beautiful trails at
Mianus River Park, a 391 acre nature reserve on the
Stamford/Greenwich border. The combination of some still colorful
leaves, glacial rock outcroppings and a forest floor largely free of low
foliage made for a very scenic hike. Alas, again we spotted no wildlife
but we did encounter many other hikers and their dogs on such a nice
day. No injuries or other mishaps occurred extending our safety record!
The beauty of these hikes is the opportunity to converse with each
other in a quiet setting and to get to talk to every hiker at some point
during the walk.

After the hike, ten of us enjoyed a delicious and well served lunch at
Jody’s 19 th Hole at the E Gaynor Brennan Golf Course in Stamford.
Our next hike will be on Thursday December 9 at 10:00 at Greenwich
Point. Always a DMA favorite for its flat path and spectacular views of
Manhattan, we welcome a return after a Covid enforced absence of
two years.
Dave McCollum and Bob Plunkett