ARTHUR B. NEWMAN

NEWMAN--Arthur B., a loving family man, died peacefully on December 16, 2010, surrounded by his family at his home in New York City. He was 67. The cause was cancer. Mr. Newman was a devoted husband, father and grandfather. He is survived by his wife of 45 years, Eileen; his children, Sondra, Allison, and David; his son-in-law, Cengiz, his daughter-in-law, Stephanie; and his six grandchildren, Leah, Sarah, Alex, Oliver, Isabella, and Zeki. Mr. Newman enjoyed many lifelong friendships. He especially loved playing cards, solving puzzles, and spending time with family and friends. In a career spanning more that 40 years, Mr. Newman served as an advisor to debtors and creditors to some of the nation's largest and most complex business restructurings, including America West Airlines, American Pad & Paper Co., AMF Bowling, Arch Wireless, The Charter Co., Chiquita Banana, Dow Corning, Eastern Airlines, Enron, Exide Technologies, Eurotunnel, General Electric Credit, Global Crossing, Goodyear Tire & Rubber, Iridium, LTV, Levitz Furniture, Macy's, Manville, Mobile Media, Montgomery Ward, Sunbeam, and Texaco. Mr. Newman began his career in 1966 at S.D. Leidesdorf & Co., a predecessor through merger of Ernst & Young. At Ernst & Young he founded the corporate finance department and restructuring practice, which he led until 1989. After 18 months with Chemical Bank, Mr. Newman joined the Blackstone Group in 1991, launching the firm's restructuring and reorganization practice, which he led until his retirement in June of 2010. Mr. Newman received his BS and MBA from Rutgers University. Mr. Newman served on the corporate boards of Associated Camps, CIT, the Fund for Modern Courts, Lone Star Industries, New York Presbyterian Hospital, Premium Standard Farms, and Toys 'R Us. Mr. Newman's dedication to hard work, fair dealings and equal justice has been honored with various awards, including: the AJC's 2009 Herbert H. Lehman Human Relations Award, the 2007 Justice inMotion Award, and the 1990 award by the Bankruptcy & Reorganization Group of the Lawyers Division of UJA-Federation. Arthur Barry Newman was born in Newark, New Jersey on October 12, 1943. In lieu of flowers, please send donations to the National Foundation for Facial Reconstruction, 333 E. 30th St., New York, NY, 10016, or the New York Presbyterian Hospital Fund, 425 E. 61st St., Suite 211, New York, NY 10065. Funeral Service, Sunday 11:30am, at Frank E. Campbell Funeral Chapel, Madison Ave., at 81st St.