Born in Paterson, New Jersey, he joined his brother Henry Taub and Frank Lautenberg in building the payroll company Automatic Data Processing.
Taub, for a time, served as the principal owner and president of the team, and sold his ownership stake in 1985.
Over the years, he established scholarships for underprivileged youths, funded a museum of Paterson's history and founded a youth basketball league with former Major League Baseball player, Larry Doby, a Paterson native and fellow East Side alumnus.
[3] Taub, who had a longstanding interest in sports, partnered with attorney Alan Cohen, to invest in a franchise.
He and Cohen eventually put together a consortium of nine investors to acquire the Nets, which under their then-owner, Roy Boe, were financially troubled.
[5] In 1985, Taub sold his interest in the team, citing frustration with the inability to turn a sports franchise around the way one could a business.