Trade Show Industry Veteran Skip Farber Passes Away
January 12, 2023
Long-time trade show industry veteran Martin C. ("Skip") Farber passed away Jan. 4 in Los Angeles.
Farber worked for many years in both the business-to-business events and media worlds. Starting his career with Security World in 1974, he held leadership positions at Cahners Publishing, Reed Exhibitions, Reed Publishing USA, and Advanstar.
The capstone of his career was his acquisition in 2006 of the World Shoe Association, a business he ultimately sold to a portfolio company of private equity firm Forstmann Little & Co.
Following that transaction, Skip co-founded Carlin Capital Partners, a focused private equity investment firm, with his son Jason.
During the years, Skip was an active speaker and participant in industry organizations including SISO, IAEE, and ABM; he also played a key role in building CEIR, the Center for Exhibition Industry Research.
"Skip was a giant in our industry. After his decades of success in senior executive roles at Reed Exhibitions and Advanstar, Skip radically transformed World Shoe creating a remarkable event and immense value,” said Eric Lisman, president of Media Front.
He added, “But he will most be remembered for his devotion to his family, his kindness to all, and his vast network of close friends throughout our world. We were extremely fortunate to have had the opportunity to work with Skip, as he had such a positive impact and influence on everyone he met. His passing is horribly sad for all of us."
Funeral services were held Jan. 10 at Hillside Memorial Park in Los Angeles.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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