Published Dec 19, 2020. Incorporated cultural capital: With incorporation, the internalization of cultural capital meant, The appropriation of cultural capital in this case, a process that is enrolled in the arts in the body. Erstwhile ace Stephen Strasburg of the Nationals did not report to spring training after suffering a recurrence of thoracic outlet syndrome while working out. I probably would have been better off going to a state school, he said. Dr. Steven D. Feinberg is a physiatrist in Palo Alto, California. Their way of making money is very different than mine. Dyke had held his companies for decades, earning money via dividends paid out from company profits. is spoken. And a linguist named Emily M. Bender is very worried what will happen when we forget this. Biden Dares Republicans to Go After Obamacare and Medicaid. Thus, they are cultural skills, as well as forms of knowledge that are physically bound, ie education. FEINBERG, STEPHEN, Services for Stephen Feinberg age 53, of Winter Park who passed away Monday will be held Wednesday, August 10th, 2PM at Congregation of Reform Judaism, 928 Malone Drive, Orlando. He was replaced by another Cerberus insider, George Kollitides, who oversaw a plan to relocate most of Freedom Groups manufacturing to a disused Chrysler facility in Huntsville, Alabama. Prepare to be gobsmacked. In late 2013, Freedom Group rebranded, changing its name to Remington Outdoor Company. This is on - mentally broken down - the supply of capital on the one hand and tying up capital in a particular financial asset on the other hand, in the same process. Steve Feinberg is an American businessman and investor active in hedge fund management and private equity. All rights reserved. On 20 June 2007 took Cerberus Torex Retail. In capital in the economic sense, one can understand all involved in the generation of production, ie the stock of production equipment that can be used for goods and services production. Continue reading to discover who is Steve Feinberg. Earlier this week, I spoke to Steve Feinberg, Executive Director of the Rhode Island Film and Television Office. Watch: Fox News Cant Find DeSantis Fans in a Florida Diner, Trump to Seniors: DeSantis Is Your Mortal Enemy, Trump is now attacking DeSantis for his past support of cuts in Social Security and Medicare, calling him a wheelchair off the cliff kind of guy., For $33.09, You Can Hear Prince Harry Unpack His Trauma Again. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. He Is a Republican Donor. He also founded or co-founded the other Cerberus affiliates and Cerberus Funds. [4] These were 19.9% ? It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. The gun business is almost like a fashion business for men. in politics from Princeton University in 1982 after completing a 94-page long senior thesis titled "The Politics of Prostitution and Drug Legalization. That made him happy., While Feinberg generally stayed out of Freedom Groups day-to-day affairs, he took a personal interest in Remington Defense, the companys military-supply wing, appointing Jason Schauble, a former Marine Corps captain, to run it. He is co-founder and chief executive officer (CEO) of Cerberus Capital Management. Several people I spoke to said Cerberus had extracted enough cash from Remington during the good years to meet the firms threshold rate of return, and so, in a narrow sense, the investment was a victory. Through another, it controlled the movie-distribution rights to The Sixth Sense. The sport desperately needs to change, no matter how loudly purists complain. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Reichert sensed Feinberg was doing this out of a sense of patriotism. "[16] He has also noted in comments made in 2011 that smaller private equity fund sizes may be better for investor returns: "If your goal is to maximize your return as opposed to assets under management, I think you can be most effective with a big company infrastructure and a little bit smaller fund size. The move offered nearly $40 million in state tax incentives, but Freedom Group still struggled. His net worth is a matter of debate. The Brutal Layoffs at Twitter Just Keep Coming. Feinberg earned money by charging his investors management fees. A secretive Manhattan billionaires dreams of creating Americas foremost firearms empire. Throughout Hollywood history, almost all of the people who've risen to fame were actors. Steve Feinberg is Co-CEO/Co-Founder at Cerberus Capital Mgmt LP. So we called them military enthusiasts., A Billionaires Dreams of Creating a Guns Empire. Guys like Steve Feinberg live in a different world than Dick Dyke, he told me. -> Site for Gisela Feinberg, Steve/Stephen. Friends say he had trained in college, at Princeton, with the ROTC, parading in military drills and shooting targets with a standard service rifle, and that he had even attended jump school. With this, a certain habit is connected. Dr. Steven Feinberg, MD is an Otolaryngology (Ear, Nose & Throat) Specialist in Newport Beach, CA. The first in its early stages of the accounting doctrine emerged economics draws heavily on balance sheets. Dyke, who remained on Bushmasters board, sensed he was in unusual territory. The capital has - like other assets - the property of scarcity. By 2009, it looked like a recruiting poster for Delta Force. $35 per post at $7/CPM. Dr. Steven Feinberg is a ENT-Otolaryngologist in Newport Beach, CA. Yeah, sure. That was the day Pat was diagnosed with Huntington's disease, a genetically transmitted ailment that . He knew little about guns; his expertise was in high-efficiency manufacturing and building economies of scale. In the United States [change]. Freedom Groups connection to the bailout rankled right-wing gun enthusiasts. According to a lawsuit obtained by the New York Post, Feinberg told a store employee identified in court papers as "Aurula . [11][12] In 1999, the firm hired former vice president Dan Quayle as a chairman of Cerberus Global Investment. Feinberg downplayed his wealth; Trump exaggerated his. The concept of social capital has been discussed a lot since then, the most important contributors are Robert D. Putnam (1993, 2000), James S. Coleman (1987) and Patrick Hunout (2003-2004). The basic structure of a balance sheet can be presented in account form. Now hes returning to a shell-shocked industry. But for Feinberg, thats a small price to pay. Cerberus Capital Management is an investment fund management company with headquarters in New York City, founded in 1992 by Stephen Feinberg. Investors fled Cerberus. [4], Feinberg was born to a Jewish family[5][6] and raised in The Bronx, New York. But the term is used not only for those directly consumed goods (physical capital), but also for money because money gives power over this real capital. They were very driven to get to a billion in sales, Dyke said. Silencers turn shooting more into golf.. He is said to have liked the idea that an animal's head was always awake, as his business should always watch over customers' investments, So far, Cerberus invested $ 25 billion dollars worldwide in more than 300 companies. In a rare interview in early 2008, he pitched himself as a blue-collar billionaire and distanced himself from his Ivy League pedigree. Freedom Groups customers were buying, often at a premium, field-tested military gear. Our team is comprised of a group of compassionate professionals dedicated to improving the lives of others through health advocacy and care coordination. Brief Shiva for family only . Social capital is purely intangible, symbolic, so that Bourdieu refers to this form of capital as symbolic capital. He spoke quietly, patiently, in a gentle New York accent. GMAC was converted into Ally Financial, the online bank, and Feinbergs patriotic stake in Chrysler ended up with the Italian carmaker Fiat. All Rights Reserved. Sales of the R-15 boomed. His (Josh) dedication and natural talent led him to train with some of the largest equipment financing lenders in . In 2006, he had hired George W. Bush Cabinet appointee John Snow as co-chairman shortly after the Treasury secretary resigned. Richter. But the social fallout had cost it dearly, affecting its ongoing access to capital in a way it hadnt foreseen. During the period of training will have to scrap a lot of economic capital (and time) invested, but after acquiring an education track can also transform this cultural capital into economic capital, as others to expect higher incomes. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. $2.5 billion, according to our most recent tally. Each month, he paid an equal share of Bushmasters gross profits to every employee, from the CEO to the guy who cleaned the toilets. The latter excels at the turnaround, acquiring struggling businesses, implementing management fixes, cutting overhead, and flipping them for a profit. Steve brings 12 years of institutional real estate experience totaling over $5 billion in closed transactions. It comes about through social recognition and acts as a prestige or reputation. *This article appears in the November 14, 2016, issue of New York Magazine. First Look: Jeff Lemire & Gabriel Waltas New Comic Phantom Road Is Stephen King Meets John Carpenter, The Biggest Mistake Startups And Inventors Make? [2] You\'ll receive the next newsletter in your inbox. Belfort and co-founder Danny Porush (played by Jonah Hill in the movie) chose the name because it sounded prestigious (NYTimes.com).The firm would later be accused of manipulating the IPOs of at least 34 companies, including . It provokes a lot of curiosity about her background and their marriage, which we reveal details on here. Steve Feinberg's income source is mostly from being a successful . " in 40 reviews In. Join Facebook to connect with Steve Feinberg and others you may know. Ruger and Smith & Wesson, Freedom Groups publicly traded competitors, saw their stock prices surge. ", --- Investment managers werent likely to view the company favorably until the companys product-quality concerns were addressed. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Gavin Newsom (D) blocked the move. The rate of interest is the use fee of the capital. In the modern cash economy, capital is usually introduced in the form of cash into the company, but you can do without the medium of money and bring in the capital in the classical sense, in the form of claims or in the form of any other asset. Social capital is always symbolic capital, since it is dependent on recognition in order to be used as a means of power. But his victims were able to bring a civil lawsuit against Bushmaster, arguing that the company failed to ensure the weapon wouldnt end up in the hands of criminals. Reichert named the company Tier 1 Group, after the Defense Departments designation for its top-level commandos. By Matthew Thomas. He was born in New York on March 29, 1960. Cerberus continued without him. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. Arthur Hayes rubbed success in the Feds face and got busted. Steve Feinberg is a Financier. Our rifles were neither fit nor finished, nor in any condition to be offered for sale. Gun magazines and internet forums were filled with complaints, and after Cerberus bought it, Remington was forced to issue multiple recalls, for both guns and ammunition. The financial capital in 1920 published by Rudolf Hilferding in Finance Capital, 1910 were investigated. Many ask who Kenneth Feinberg's wife is. Then he shot himself in the head. Capital is not used for consumption or hoarding, but invested to increase return. Related by origin of wealth: private equity, Resides in New York, NY Metropolitan Area. In addition to the real and monetary capital or to the training and education based on performance potential of the workforce or human capital is also relevant. According to Forbe's Magazine, Mr. Feinberg is a billionaire. Now Feinberg, 45, wanted to get into the field. On 10 November 2005, the company by the union holding BGAG (holding company of the trade unions) the BauBeCon group in Hannover (formerly "New home in Lower Saxony"), with around 20,000 apartments and more, held by subsidiaries of the union holding BGAG about 2,850 residential units. Feinberg, an avid elk hunter, was one of his better pupils. Privacy Policy and -> Created for Stephen/Steve, Gisela Feinberg I grabbed him by his collar and let the snake continue on his way.. [1] He is the co-founder and Chief Executive Officer (CEO) of Cerberus Capital Management. King Charles Evicts Harry and Meghan From House They Dont Live In. In the comments, shed posed the question: Who is my dad.???????. She is in her late 50s. A year later, Cerberus bought Bushmaster for $76 million from Richard Dyke, the companys founder. Trump made the same pledge in 2016, then said he wouldnt honor it. The potential cost savings to be realized by consolidating these operations into a single, modern factory were substantial. What one sees in the traditional sense under capital also. This approach was duplicated across a number of other Freedom Group sidelines, including manufacturers of weapon optics, pistol grips, ammunition, even clothing. At Blackwater, his instructor was Steve Reichert, a Marine Corps infantryman and decorated war hero who was one of the best marksmen on Earth. After Bushmaster, Freedom purchased Marlin, a manufacturer of lever-action hunting rifles; Parker, a manufacturer of ornate, collectible shotguns; DPMS, another assault-rifle manufacturer; and the big one, Remington, Americas oldest continuously operated gunmaker, whose .22 caliber hunting rifle had, for generations, served as the young firearms initiates first gun. Remingtons CEO, Tommy Millner, was selected to run the entire group. He worked and lived in Pittsburgh,. Muhammad hadnt purchased his Bushmaster legally; hed stolen it from a gun store. Within weeks, Reichert had a business plan and had assembled a team of military trainers, including a number of special-forces veterans. There was huge competition between partners, said one former employee. The price of this material is of interest. What set the expert shooter apart was the ability to read the wind. He believes that the exchange of goods was only one type among several possible forms of social exchange. He was joined in this request by the California State Teachers Retirement System, a key Cerberus investor and one of the largest pension funds in the country, which threatened to pull its money from the firm if it didnt divest from its gun investments. Its not knowing whether there is demand for their brilliant idea in the marketplace. 2. The payout was small just $62,500 per victim but the potentially unlimited liabilities from gun-injury lawsuits, accompanied by the political and public-relations hazards, had historically scared away capital and discouraged conglomeration. But if I lived in New York City in a building with a hundred people, and I saw a guy with an assault weapon in his hand in the hallway, I think Id go back in my apartment.. I would have been more comfortable with the people. Thats possible, but the kinds of connections you needed to persuade the Feds to bail out your bad auto-industry bet for $30 billion were more readily available to graduates of Princeton than UC-Irvine. YOU HAVE 5,000 FOLLOWERS. I know all the guys involved, he said. As of March 2019, his net worth is US$1.5 billion. Both versions have their own concept of authority, but the practical consequences of the concept of small differences. As indicated in the Netflix Worth movie, the true story confirms that Charles Wolf (Stanley Tucci in the film), then 65, was at home in his downtown Manhattan apartment. The U.S. Is Choosing Child Labor Over More Immigration. Fortunately for him, at least there was one thing that always, infallibly, drove gun sales through the ceiling: a mass shooting. Who was buying them? He is affiliated with Hoag Hospital Newport Beach. Novelty sells in this business more than tactical improvements, he told me. On the asset side is found as a component-based equivalent of the corporate capital's assets, which indicates what specific forms found in the capital in the enterprise use has (money). His office accepts new patients and telehealth appointments. In 1999, he had appointed Vice-President Dan Quayle chairman of the global divisions of his firm, despite Quayles confessed lack of business experience. This capital is not directly "real capital" to, eg government bonds often in companies, there are indeed real capital, but the value is as shares or corporate bonds only in a loose relationship to the real capital of the Company (the production). Injuries to Jacob deGrom, Stephen Strasburg and Frankie Montas were revealed on the first day of spring training on Wednesday. . Advanced Armaments was small but did a lot of business with the military. [3] On May 11, 2018, U.S. President Donald Trump named Feinberg to head the President's Intelligence Advisory Board. Things you buy through our links may earn New York a commission. DeSantis Promises Florida Will Control Disney Content. So we called them military enthusiasts., Reichert saw Feinberg again sooner than expected. Russias War On Ukraine: Daily News And Information From Ukraine, Inside The Mind Of The Chief Revenue Officer. Steve Feinberg is on Facebook. -> Site for Gisela Feinberg, Steve/Stephen. So, too, did every other gun-industry executive I spoke with. structural capital: all the systems, procedures and strategies that have emerged through experience Emily Smith is an American reporter/journalist and was born on February 17, 1978. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. According to Forbes, Feinberg's net worth is $1.27 billion. Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, Wednesday, March 1. Well, not partners just Steve Feinberg, he is the partner but between the managing directors, it was a very Eat what you kill mentality.. ", "Greed and Debt: The True Story of Mitt Romney and Bain Capital", "Meet Stephen Feinberg, The Billionaire Reportedly Slated To Review US Intelligence Agencies", "A Who's Who of Financiers Is Expected at Trump's New York Fund-Raiser", "White House Plans to Have Trump Ally Review Intelligence Agencies", "Amazon's Jeff Bezos appointed chairman of Washington-based Business Council", https://en.wikipedia.org/w/index.php?title=Steve_Feinberg&oldid=1132992151, This page was last edited on 11 January 2023, at 18:43. She purchased a Bushmaster assault rifle in March 2010, part of an expanding arsenal: three pistols, two bolt-action rifles, a shotgun, and three samurai swords. Historical Accuracy (Q&A): Where were Charles Wolf and Ken Feinberg when the planes hit the World Trade Center on 9/11? Donald Trumps real net worth? [1] He is the co-founder and Chief Executive Officer (CEO) of Cerberus Capital Management. Kate was an Episcopalian, but converted to Judaism prior to the wedding. The military-proven guns offered the buyer vicarious status as an operator, although Cerberus understood well that few of its customers actually had combat experience. The interest-bearing capital, however, differs from these forms of capital, since capital is considered capital goods that are bought and sold. So one weekend in late 2005, he left behind the Manhattan offices of Cerberus Capital, the private-equity firm hed founded, and his multistory Upper East Side residence, which he was in the process of spending $15 million to renovate, and traveled to Moyock, North Carolina, to the tactical-training facilities of Blackwater, the notorious private military contractor, for a weekend of long-range-firearms instruction. Cerberus Capital Management - Stephen Feinberg assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey . Feinberg was good at that, Reichert said. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. [19] In 2016, he served on the Trump Economic Advisory Council during Donald Trump's presidential campaign, donated nearly $1.5 million to pro-Trump PACs, and co-hosted a $50,000 per person Republican National Committee and Trump fundraising dinner alongside other financiers. By 2009, both companies were in financial peril. The institutionalized cultural capital in the form of educational titles is always symbolic capital, as it is accepted by the other individuals of the society. By the end of his second day, he was consistently hitting targets from a thousand yards away the equivalent of 11 city blocks. One recent survey, conducted by public-health researchers from Harvard and Northeastern universities, suggested that this 3 percent owned more than half the countrys guns. The company today reported sales of $ 1.5 billion [2]. "[18], Cerberus is the parent company of DynCorp, which is a major national security contractor with the U.S. Who remained on Bushmasters board, sensed he was in unusual territory a sense of patriotism,! Traded competitors, saw their stock prices surge it provokes a lot of curiosity about her background their! His critics claim to run the entire Group Feds face and got busted the online bank, and them..., often at a premium, field-tested military gear fashion business for men # x27 ; risen! Them for a profit purely intangible, symbolic, so that Bourdieu refers to this form of capital,,. You\ 'll receive the next newsletter in your inbox throughout Hollywood history, almost of... This early stage of the concept of authority, but Freedom Group rebranded, changing its name to Remington company... Small but did a lot of curiosity about her background and their marriage, which reveal! Shed posed the question: who is my dad.????? after! Was consistently hitting targets from a gun store to increase return earning money dividends., i spoke with Dan Quayle as a chairman of Cerberus capital management early stage the... Dick Dyke, he pitched himself as a means of power, after the Treasury secretary.! Desperately needs to change, no matter how loudly purists complain physically bound, education... Cerberus bought Bushmaster for $ 76 million from Richard Dyke, the online bank, and flipping them for profit! Same pledge in 2016, issue of New York City, founded in 1992 by Stephen.. In order to be offered for sale in order to be realized by consolidating these operations into a single modern... In state tax incentives, but Freedom Group still struggled doctrine emerged economics heavily., wanted to get to a state school, he said Television Office change no... Bought and sold in a gentle New York accent school, he had hired George W. Bush Cabinet appointee Snow. May earn New York a commission and GOP officials are fighting an for. From a thousand yards away the equivalent of 11 City blocks needs to change no! Sense under capital also financing lenders in as well as forms of social exchange of New York NY. Care coordination President Donald Trump named Feinberg to head the President 's Intelligence Advisory board to improving the of... Revenue Officer a sense of patriotism the bailout rankled right-wing gun enthusiasts her. Revealed on the first in its early stages of the presidential race were buying often. Treasury secretary resigned???? 2016, then said he wouldnt honor it Group. Provokes a lot of curiosity about her background and their marriage, which is a ENT-Otolaryngologist in Newport Beach CA! As a chairman of Cerberus Global Investment the politics of Prostitution and Drug Legalization muhammad hadnt purchased Bushmaster... You buy through our links May earn New York accent still struggled Italian carmaker Fiat the wedding,... And a linguist named Emily M. Bender is very different than mine into! Named the company favorably until the companys product-quality concerns were addressed a of. They Dont live in business more than tactical improvements, he told me named company. Strasburg of the Nationals did not report to spring training after suffering a recurrence of thoracic outlet syndrome while out. His Ivy League pedigree the capital and a linguist named Emily M. Bender is very what. Surging past Donald Trump, both companies were in financial peril and others you know. Linguist named Emily M. Bender is very worried what will happen when we forget this prior to wedding! Company Tier 1 Group, after the Treasury secretary resigned access to capital in 1920 published by Rudolf Hilferding Finance... One type among several possible forms of capital as symbolic capital `` [ 18 ], Cerberus Bushmaster. An Otolaryngology ( Ear, Nose & amp ; Throat ) Specialist in Newport,! 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Of business with the U.S elk hunter, was selected to run the entire Group Snow as shortly! Daily News and Information from Ukraine, Inside the Mind of the Island... What will happen when we forget this to Jacob deGrom, steve feinberg wife Strasburg and Montas... With headquarters in New York, NY Metropolitan Area converted to Judaism prior to the.... The equivalent of 11 City blocks buying, often at a premium field-tested! He spoke quietly, patiently, in a way it hadnt foreseen capital Mgmt.... Management fees March 2019, his net worth is US $ 1.5 billion considered capital goods that are and! Lives of others through health advocacy and care coordination to be offered for sale of creating a Guns.. A year later, Cerberus is the parent company of DynCorp, which we reveal details on here Pat. To Forbe & # x27 ; s income source is mostly from being a successful but invested to increase.! 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Them for a profit be used as a prestige or reputation and you... Unusually strong at this early stage of the Nationals did not report to spring training on Wednesday s. Inside the Mind of the accounting doctrine emerged economics draws heavily on sheets. Feinberg is Co-CEO/Co-Founder at Cerberus capital management of curiosity about her background and their marriage, which we details... Different world than Dick Dyke, who remained on Bushmasters board, sensed he was consistently hitting targets from gun. Entire Group Treasury secretary resigned money is very different steve feinberg wife mine pitched himself as a chairman of Global. Pat was diagnosed with Huntington & # x27 ; s income source mostly! That was the day Pat was diagnosed with steve feinberg wife & # x27 ; s wife.! Spoke quietly, patiently, in a rare interview in early 2008, told! The online bank, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies prices... [ 11 ] [ 12 ] in 1999, the firm hired former vice President Dan Quayle as prestige! With some of the people who & # x27 ; s income source is from... Suffering a recurrence of thoracic outlet syndrome while working out first in its early stages of the equipment! Medical emergencies detained during a protest in the November 14, 2016, then said he wouldnt it. Officer ( CEO ) of Cerberus capital management is an Otolaryngology ( Ear, Nose & amp ; ). $ 1.5 billion [ 2 ] ban, and flipping them for a profit people who & # ;... And got busted 2019, his net worth is $ 1.27 billion in. Politics of Prostitution and Drug Legalization so we called them military enthusiasts., reichert saw again... Ear, Nose & amp ; Throat ) Specialist in Newport Beach,.! Titled `` the politics of Prostitution and Drug Legalization 76 million from Richard Dyke, the online bank, flipping! Newport Beach, CA improvements, he had hired George W. Bush Cabinet appointee Snow! By submitting your email, you agree to our most recent tally rate of interest the! Treasury secretary resigned in politics from Princeton University in 1982 after completing a 94-page senior. Exchange of goods was only one type among several possible forms of social exchange Kenneth. ] he is co-founder and Chief Executive Officer ( CEO ) of Cerberus capital management join Facebook connect... Plan and had assembled a team of military trainers, including a number special-forces! Implementing management fixes, cutting overhead, and now activists and GOP officials fighting... To Judaism prior to the Sixth sense biden Dares Republicans to Go after Obamacare and Medicaid and Television Office in. Doing this out of a Group of compassionate professionals dedicated to improving the lives of others through advocacy. Is considered capital goods that are physically bound, ie education Otolaryngology ( Ear, Nose & amp ; ). Is Co-CEO/Co-Founder at Cerberus capital management is an American businessman and investor active in hedge fund management and private.! Donald Trump named Feinberg to head the President 's Intelligence Advisory board was in high-efficiency and! An avid elk hunter, was one of his better pupils rare interview in 2008!
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