Over the last 20 years, insiders at Worthington Industries have traded over $50,966,714 worth of Worthington Industries stock and bought 182,460 units worth $5,023,352 Weicker later became a member of the Compuware Board of Directors. "We'd like nothing more than to have worked this out with you. "It's for moral reasons," Karmanos told me in 1994. They're creative thinkers, economic, cautitous and appreciate the arts, they can also be indecisive. Avid hockey fan and CEO of the Compuware Corporation. He used his fortune from the corporate to buy the Carolina Hurricanes, the Plymouth Whalers, and the The office is decorated more like a cozy apartment than a workspace, with plush furniture arranged around the boardroom and posters memorializing Karmanos many successes. Mr. Karmanos owns over 20,000 units of Worthington Industries stock worth over $3,908,921 and over the last 19 years he sold WOR stock worth over $2,953,260. Karmanos Jr. was born in Detroit, the oldest of three children of a Greek immigrant family who owned a small restaurant in Detroit. All Rights Reserved. Sports Executive #28.
The Archives: Plenty of Blame For Whalers Exit, But No One Accountable Gov. Peter Karmanos Jr. shows off his humidor. We will continue to update information on Peter Karmanos Jr.s parents. I can remember about 100 of them," Cumming told me.
HURRICANES OWNER: VILLAIN OR VISIONARY?\ | | greensboro.com Thepartnership filed itslawsuit two days after themissed deadline. That's going to be on Karmanos, who was just inducted into the Hockey Hall of Fame last fall, and his ability to find a partner that wants to keep the team where it is. A box of 22 can be purchased online for about $260. Peter Karmanos Jr. net worth and salary: Peter Karmanos Jr. is a Sports Executive who has a net worth of $1.4 billion.
Forgotten as well, perhaps, given several rounds of highly publicized layoffs in recent years, including a round of 250 layoffs in February 2009 that came on the same day the company announced it had hired former Detroit Mayor Kwame Kilpatrick for a potentially lucrative sales job, is that Compuware and Karmanos were once among the most enlightened of employers. Karmanos in 2021. section: | slug: hurricanes-owner-peter-karmanos-sued-by-his-three-sons-for-105-million | sport: hockey | route: article_single.us | Karmanos started smoking cigarettes when he was 13 and, by the time he was 30, had developed a three-pack-a-day habit. Peter McLaughlin (D) 1992-1996: 4: Harvard Univ. [fetch instagram= display=posts show=2 ]. "His neighborhood buddies remember hanging around at Leonard's Pool Hall on Eight Mile near Lahser more than they remember going to class. Karmanos brilliant, pugnacious, stubborn, fiercely loyal, quick to anger has long been a Detroit original, an entrepreneur and civic booster whose long list of charitable endeavors includes the Barbara Ann Karmanos Cancer Institute and the Detroit Riverfront Conservancy. Just before Pete left for the UP, his boss strongly suggested that because of flat sales, he should cancel his trip.
Quiet wealth in Metro Detroit? 9-figure families still left? 5 Some Facts About Peter Karmanos, Jr. Sandy Alderson Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Karmanos is finishing up a call when we arrive, and he is working the stub of a nearly finished cigar between his lips. Today, he hasfour youngsons withhis third wife,Danialle Karmanos. The most recent stock trade was executed by B Andrew Rose on 8 February 2023, trading 26,000 units of WOR stock currently worth $810,940. The media could not be loaded, either because the server or network failed or because the format . Laura A Karmanos, N A Karmanos, and five other persons are also associated with this address. Keep it Clean.
Peter, Danialle Karmanos donate $40M to Detroit's Karmanos Cancer Institute Attendance has been lagging and the team is essentially in the midst of a rebuild, which makes it tough to bring fans back into the building. Peter is without doubt one of the richest Sports Executive & listed on hottest Sports Executive. 1:24 pm ET. It is strong, and I like a stronger cigar.. As of 2023, Peter Karmanos Jr.'s net worth is . Peter J. Karmanos Jr. serves as Independent Director of the Company. Sergei Fedorov and Peter Karmanos, Jr., are two members of the Hockey Hall of Fame Class of 2015. Used to live: Naples FL, Bloomfield Township MI. Karmanos owes his career to having borrowed a car from his girlfriend to go look for a job the summer after graduating from high school. Karmanos, who says his arena deal is ``bountiful'' compared to Connecticut's last offer, jilted Whalers fans. The Partners group was the original vision of Anna and Harry Korman in memory of their daughter, Suzanne, who died of cancer at age 36. Glenn Tasker - Net Worth, Age, Height, Bio, Birthday, Wiki! Whos the richest Sports Executive in the world? "No one should have that power over someone.".
Peter Karmanos opened doors for hockey greats | Toronto Sun He, Tom Thewes and Allen Cutting each chipped in $3,000 to get the company off the ground. [21], Karmanos donated money to the Michigan Cancer Foundation, which was renamed the Barbara Ann Karmanos Cancer Institute in 1995 in memory of his first wife, Barbara Ann Karmanos, who died of breast cancer in 1989.
Former Carolina Hurricanes GM Ron Francis reportedly did not tell owner The 79-year-old sports executive was born in Michigan, United States. Don't knowingly lie about anyone And it doesnt seem like anyone minds it.. Staying current is easy with Crains news delivered straight to your inbox. When Compuware went public in December 1992, it set an all-time record for an IPO by a tech company, the Google of its day. In addition, he makes $233,268 as Independent Director at Worthington Industries. Peter Karmanos Jr.s source of wealth comes from being a sports executive.
Carolina Hurricanes History: Peter Karmanos' St. Petersburg failure led Be Nice. AKA: K Peter, Peter A Karmanos, Peter Karmanos, Peter D Karmanos.
Peter Karmanos Jr. | Carolina Hurricanes There are 15 executives at Worthington Industries getting paid more, with John P. McConnell having the highest compensation of $5,150,460. He was born on 1966-01-30.
PETER KARMANOS, JR. - US Hockey Hall Of Fame Museum Soon, she got an unusual run of orders for omelettes. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. Luke DeCock of the Raleigh News & Observer had more on why Karmanos still owes his sons money: The lawsuit says that starting in 1999, two years after he moved the Hurricanes to North Carolina from Hartford, Conn., Karmanos borrowed more than $353 million from the trust as well as using the trust as collateral for "loans and advances from various banks and the NHL" to "support the Hurricanes" from 2000 to 2013. You can also find out who is Peter Karmanos Jr. dating now and celebrity dating histories at CelebsCouples. A box of those costs about $130. [14], From 2002 to 2005, Karmanos produced and directed concept car reveals for North American International Auto Show.
Karmanos Historical Timeline In 1965, Pete lied about his age when he applied to be a data processing manager at the Detroit architectural and engineering firm of Giffels & Rosetti. His eldest son with Barbara,Peter Karmanos III, acotrustee in the stock partnership, cautionedhis father ina letter this spring that he and his two brothers werefrustrated by thenonpayments and readyto sue him for the note's full amount unless he madea$4.3-million payment by May 24. There are challenges, but the team does seem to be on the upswing after an improved 2015-16 season. Growing up in Detroit, hockey was always his favorite sport, but it wasnt until he took his sons to a 'learn to skate' program that his passion grew into what it is today. He was awarded $16.5 million last yearby an arbitration judgefrom Compuware for stock options that the company abruptly cancelledfollowing Karmanos'obscenity-laced criticisms of the firm'sboard members and its management at the time. Worthington Industries executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Julie Karmanos, 56 Nicodemus Karmanos, 54 Peter Karmanos. 1. DETAILS BELOW. Lives in: Beverly Hills MI. Discover what happened on this day. Opinion: Nuclear energy can help control global warming, For Black political strategist-turned-entrepreneur, politics and Detroit are in her DNA, Paula Tutman's entrepreneurial journey helps lift up other women, GM considering Palace of Auburn Hills site for 'supplier park', Miss a car payment and Ford could shut off your A/C, Marijuana top cop slams vendor for 'clerical error' that nearly shut down industry, Wabeek Club's $10 million renovation aims to secure its future, Black-owned Brinker Group focuses on building a quality reputation. Peter Karmanos Jr. nickname is Peter. OAKLAND COUNTY - Compuware chairman and chief executive officer Peter Karmanos Jr. quietly ended his 13-year marriage in Oakland County Circuit Court. Pete Karmanos borrowed millions of dollars from trusts, made up of Compuware stock, promised to his three sons, Peter the third, Nick and Jason.
[5], Karmanos has been a mom's columnist for Styleline Magazine[6] and a guest blogger for Metromodemedia.com. Compuware is one of the world's largest independent software vendors and professional services organizations. ( 1973-05-10) May 10, 1973 (age 49) Garden City, Michigan, U.S. Danialle Karmanos (born May 10, 1973) is an American philanthropist, humanitarian, activist, and social entrepreneur. Also listed as plaintiffs on the suit are Peter Karmanos III and Nick Karmanos. Peter Karmanos Jr. smokes an Ashton cigar at his Mad Dog Technology office in Birmingham. Worthington's WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions. You could see him studying people.". 9. 2004-2023 CBS Interactive. "People should come in when they want to come in and go home when they want to go home and be adult enough to get their work done in between," said Karmanos. We will replace Peter Karmanos Jr.s religion & political opinions on this article. Karmanos is also a member of the Leadership Advisory Board of the A. Alfred Taubman Medical Research Institute at the University of Michigan[13] and serves on the Board Development Committee of the Girl Scouts of Southeastern Michigan. Karmanos attended Henry Ford High School and graduated from Wayne State University in 1973. Beyond the attention grabber that is three sons suing their father over trust funds, the other important note is that it is alleged the money was borrowed to help support the Hurricanes. NHL commissioner Gary Bettman said during his remarks, 2023 NHL trade deadline winners and losers, Bruins become fastest team to reach 100 points, NHL Star Power Index: Kane makes his Rangers debut, McDavid can join elite group with sixth multi-goal game, Bruins, Pastrnak agree to $90 million extension. Peter Karmanos III worked for his father at Compuware, the software company Peter Karmanos Jr. founded in 1972, from 1988 to 2014, rising to the position of chief information officer. The stock price got as high as $79.81 in 1999 at the peak of the Y2K boom in IT before a two-for-one stock split. In 1972 while sitting at a lake in the Upper Peninsula, Karmanos decided to start his own company. Popularity . AKA: Danialle Karmanos Related to: Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos, Nicodemus A Karmanos. His buddies remember that even though he was a skinny kid wearing what they called Coke bottle glasses, he never backed down from a fight. Peter Karmanos is facing a lawsuit from his three adult sons. She received the American Heart Association's "Cor Vitae Award" for community service; The Matilda R. Wilson Award from Boys & Girls Clubs of Southeastern Michigan; the MBPA Women and Leadership's "Distinguished Leadership Award for Philanthropy;" and the Greater Wayne County Chapter of The Links' "Innovator in Health and Wellness" award. Tweet. PLEASE TURN OFF YOUR CAPS LOCK. [9] She was named by Michigan Governor Jennifer Granholm to serve on the Michigan Film Office Advisory Council in 2008. Pete Karmanos borrowed millions of dollars from trusts, made up of Compuware stock, promised to his three sons, Peter the third, Nick and Jason. "And what is computer software except a binary-coded set of rigid rules performed in a hurry?". Peter Karmanos Jr. is part of the Baby boomers generation. Avid hockey fan and CEO of the Compuware Corporation. That group will then give a formal recommendation to the NHL Board of Governors, who will formally vote on an expansion decision on June 22 ahead of the NHL Awards, which will be held, as they have been for year, in Las Vegas. The Fashion Design Residency Competition is made possible by a generous gift from Danialle and Peter Karmanos, Jr. . Earlier this month, Rutherford suggested change was possible with regards to the front office. But his tastes arent too ritzy.
Carolina Hurricanes: Tom Dundon buys out Peter Karmanos | Raleigh News [4] He was inducted to the Hockey Hall of Fame in the Builder Category in 2015.[18]. Peter Karmanos Jr. (born March 11, 1943) is famous for being sports executive. [4] Karmanos served as Compuware's CEO until June 20, 2011, when he became executive chairman. "I've tried and tried to work out the issues with you regarding repayment of the monies that you owe to the Peter Karmanos Jr. Stock Limited Partnership. [3] Soon after leaving college he founded software company Compuware with two partners, Thomas Thewes and Allen Cutting. Relocating a team would be cheaper for Quebecor, the telecommunications giant that hopes to bring the NHL back to Quebec City, than buying an expansion franchise. When Pete graduated from Henry Ford High School in 1961, his high school counselor, John Cumming, had a present for him all the excuses for being tardy or absent that Pete had forged over the years. Hurricanes fans shouldn't be panicking about this news, but a little concern wouldn't be a bad idea based on what has come to light in this lawsuit and where the league seems to be headed in the coming years.
Peter Karmanos Jr. Net Worth 2023 He currently is involved in several tech start-ups based in Birmingham, including an all-onlinemortgage lending platformcalled Lenderful. Be Truthful. Used to live: Orchard Lake MI, Bay Harbor MI, Petoskey MI, Birmingham MI. 1:26.
Hertz Arena, Everblades being sold to Naples resident David Hoffmann [9][10] He also sold the Plymouth arena to USA Hockey. Peter Karmanos Age 57. It's symbolized by two fish swimming in opposite directions, representing the constant division of Pisces's attention between fantasy and reality. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes based Compuware.
Penguins fire assistant general manager Jason Karmanos A cigar enthusiast for about 20 years, hes stuck with the Enchantment since discovering it, but he does dabble with other brands and varieties. `I loved snooker. The walls are adorned with signed hockey jerseys and other sports memorabilia; pictures of his children; gifts and awards from various businesses and organizations; a beautiful poster commemorating the Stanley Cup won by his team, the Carolina Hurricanes, in 2006; a framed photo of Karmanos shaking hands with President Trump; and, of course, the cigar paraphernalia. That is one reason I smoke this cigar, he says, when I mention the pleasant aroma filling the office. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes founded Compuware. At the time, they had committed to keeping the team in Hartford for at least four years. Enjoy unlimited articles at one of our lowest prices ever. While attending Fairlane Christian, she was honored by the Daughters of the American Revolution and Who's Who Among American High School Students for written essays. Clerical/White Collar is listed as a current occupation. Without future ado, let's learn more about Peter Karmanos Jr.. A philanthropist in addition to a hockey staff proprietor, he donated to the Michigan Cancer Foundation, which was renamed the Barbara Ann Karmanos Cancer Institute in reminiscence of his first spouse. In addition to three children with Barbara, Karmanos has four others with current wife Danialle, and nine grandchildren. When Pete told him he'd been looking for a job, the owner told him he happened to be installing an IBM mainframe computer and needed someone to help run it. Walk up a flight of stairs and into the office suite, and the scent gets stronger the warm, earthy smell of a quality cigar. [7] He has since opened a new computer firm, Mad Dog Technology. You could learn full biography about Peter Karmanos Jr. from. When youre buzzed into the business offices of Mad Dog Technology, the company founded in 2014 by Compuware co-founder and former CEO Peter Karmanos Jr., the first thing you notice is the nostalgic aroma. Jason Karmanos previously left the team in for around nine months in 2007-08, returning to the team in June 2008 and then taking on his current role in Dec. 2009.