Kathimerini portrays Archon Michael Psaros, ‘a unique Hellene who raised the bar for us in America’

The Order is proud to share this article which appeared Friday, August 5 in the prestigious Greek newspaper Kathimerini, featuring Archon Michael Psaros, the 2022 recipient of the Nicholas J. Bouras Award for Extraordinary Archon Stewardship. The Order commends Archon Michael for his truly selfless and exemplary stewardship of time, talent and treasure. This profile is amply deserved and reveals the breadth and depth of Archon Michael’s commitment to our Holy Mother Church in Constantinople and to Hellenism throughout Oikoumene.

At the service of the Ecumenical Patriarchate,

Anthony J. Limberakis, MD
Archon Aktouarios
national commander

Who is this Hellene?

Read this article on ekathimerini.com

By Archons Andy Manatos and Mike Manatos

The day before Kyriakos Mitsotakis made history as the first Greek Prime Minister to make a presentation before a joint session of the US Congress, with the elaborate ceremony offered to US presidents, he was presented at the University of Georgetown by Michael Psaros. Some in Greece and others in America who are not involved in our national church may have asked, “Who was that man who had the honor of introducing the Prime Minister?”

The answer: He was a unique Hellene who raised the bar for us in America. Last October, at his alma mater Georgetown University, he established the $3 million Patriarch Bartholomew’s Orthodox Ecumenical Chaplaincy and, more recently, the $11 million Psaros Center for Financial Markets and Politics. And while those accomplishments are truly extraordinary, they’re not the main reason Psaros stands out.

When Psaros came on the scene, our best and brightest had done phenomenal things for the Archdiocese of America. Unfortunately, the archdiocese had become functionally insolvent. His expenses exceeded his income until he ran out of funds. Additionally, the construction of our national St. Nicholas Shrine at Ground Zero had failed; there was a crisis at our Brookline seminar regarding financial and accreditation issues; there was a shortfall in the pension fund of our priests; and the issue of getting the functioning of our archdiocese out of the red had to be addressed. Although our Archdiocesan Council has been made up of people who are eminently prosperous and deeply committed to the Church, its years of effort to reverse these problems have yielded little result.

Among those who have made our Church great, a small number of nonclerics and many clerics contribute much of their valuable personal time and talent to the effort. Psaros did just that and brought powerful abilities with him. The first is its ability to manage a group of giant global manufacturing and industrial companies (today with $20 billion in combined revenue and $13.5 billion in assets under management, operating 233 manufacturing plants in 26 countries) . Second, a commitment to the Church and the community that drove him to roll up his sleeves and delve for days, weeks and months into the depths of our problems and personally pay for any outside expertise needed to move forward. And, thirdly, as one would probably expect from a man who went from a small town in West Virginia to the top of Wall Street, when he encountered “insurmountable” roadblocks that would stop almost all of us , he overcame them. As an Orthodox Christian, Psaros did this while adhering to the qualities enumerated by the ancient Greek historian Polybius, who said, “They have customs and institutions that foster a deep desire for noble deeds, love of virtue, piety towards parents and elders, and a fear of the gods.

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