[2] Until 2009, he was the chairman of Carnegie Mellon University's Board of Trustees.
[3] In 2012, his daughter Laura Shapira Karet took over as CEO for private company Giant Eagle, Inc., which was removed from the company by its Board of Directors in late March 2023.
He was also a member of the board of Directors of Equitable Resources, Inc. (NYSE: EQT), a Pennsylvania natural gas and oil company with emphasis on the Appalachian area.
[4] He received his undergraduate degree from Oberlin College in 1963 and an MA in Economics from Stanford University.
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