Preston Robert Tisch

Preston Robert Tisch (April 29, 1926 – November 15, 2005) was an American businessman who was the chairman and—along with his brother Laurence Tisch—was part owner of the Loews Corporation. From 1991 until his death, Tisch owned 50% of the New York Giants football team and shared ownership of the team with Wellington Mara. Early life Tisch was born in 1926 in the Bensonhurst section of Brooklyn, the son of Sadye and Al Tisch. Tisch received a BA degree in economics from the University of Michigan in 1948, and his wife Joan Tisch and his daughter also received degrees at the university. While in college Tisch was a member of Sigma Alpha Mu, a Jewish fraternity. Career On August 16, 1986, he was appointed Postmaster General of the United States Postal Service, serving until March 1, 1988. In 1991, Tisch purchased fifty percent of the New York Giants of the National Football League. The team had been owned by the Mara family since the team’s founding, but the stakes were split at the time between Wellington Mara and his brother Jack’s family, with Jack’s son Tim given control of his father’s share upon his death. Tim was ill at the time, fighting Hodgkin’s disease, and no longer desired to participate in the team’s operations; Tisch and Tim’s family would eventually come to terms on the purchase of their share of the team shortly after the Giants won Super Bowl XXV. During his time as owner, Tisch contributed to the business operations of the team, using his experiences as an executive to manage the team's front office. As an executive, Tisch also served on the NFL's Finance and Super Bowl Policy committees.