Through its affiliates, The Anschutz Corporation has been actively involved in the West for more than 75 years in the fields of ranching, agriculture, energy development and distribution, and more. Michael joined CU Innovations in 2022. She is thrilled to bring her skills to the CU Innovations team. Anschutz has invested in, for example, the Clarity Media Group, a Denver-based publishing group that includes[28] newspapers such as The Oklahoman, the largest newspaper in Oklahoma; The San Francisco Examiner (purchased in 2004, sold in November 2011); The Washington Examiner, a right-wing weekly tabloid that was consolidated from group of D.C.-area suburban dailies; The Baltimore Examiner, which launched in April 2006 and was shut down in early 2009; the now-closed Examiner.com, a hyper-local web portal where contributors wrote on local topics from news to blog-like stories; the conservative Weekly Standard (purchased in 2009);[29] and The Gazette, Colorado's second-largest newspaper, with a daily circulation of 74,172 (purchased on November 30, 2012)[30] (Anschutz has trademarked the name "Examiner" in more than 60 cities.). By 1995 railroad industry consolidation was reaching a crescendo, with the number of major railroads having been reduced from 40 in 1980 to ten, and with the completion of the merger of Burlington Northern and the Sante Fe. The $1.4 billion figure was an astounding gain on what had essentially been Anschutz's initial cash investment (in the Denver & Rio Grande Railroad) of $90 million. Anschutz hired Moyers as chief executive, and Moyers immediately focused on Southern Pacific's operating ratio, which stood at 96.5 percent in 1993. In 1995 Anschutz purchased a 40 percent stake in Forest Oil Corporation, a Denver-based oil and gas exploration and production company founded in 1916, for $45 million. innovation management, forming key strategic industry partnerships, and licensing. In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. Project purpose Wyoming wind Wind farm appearance Timeline Company. He had now made billion-dollar fortunes in three separate industries: oil, railroads, and telecommunications. When you see what can be done, the possibilities, you want to be involved in something. in the US and Brazil. All trademarks are registered property of the University. First, he planned to cut costs by reducing the employee ranks through a buyout program and a reorganization. In April 2002, the Anschutz Exploration Corporation gave up its plans to drill for oil in the area. This site works best when Javascript is enabled. Nissan North America Inc. Philip Anschutz, Fred's eldest son, assumed control of the company in 1962 and diversified it with holdings in the entertainment and hospitality industries. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States. Sign up for a free account. Anschutz had to overcome a major hurdle to achieve his objective of solidifying his railroad holdings. [53], In 2018, Anschutz donated $1 Million to Elton John AIDS Foundation. Tulsa. This heavy debt load, coupled with competition from the Union Pacific line and several lost coal-hauling accounts, led to an approximate revenue loss of 20 percent over the first four years under Anschutz and a net loss of $1.8 million over an 11-month period in 1987 and 1988. The Chronicles of Narnia: The Lion, the Witch and the Wardrobe, U.S. Court of Appeals for the Tenth Circuit, University of Colorado School of Medicine, William E. Simon Prize for Philanthropic Leadership, "chemistrydaily Resources and Information", "The Aspen 50 Forbes billionaires in Pitkin County", A Standard History of Kansas and Kansans, by William E. Connelley, Contemporary Honors Award Recipient Philip Anschutz, "The real king of the Los Angeles Kings: mystery billionaire Philip Anschutz", "Billionaire Next Door Philip Anschutz may be the richest American you've never heard of. Bill Miller, President and CEO Roxane Perruso, Executive Vice President and COO Kelly Cummins, Vice President, Land and Environmental Affairs Lisa Christian, Vice President and General Counsel Ryan Jacobson, Director, Engineering and Construction, Wind Energy Kara Choquette, Director, Communications and Government Relations With Anschutz once again wielding political pressure, the Congress passed the legislation that replaced the ICC with the STB in December 1995. The one-hour program features market and geopolitical discussions with a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists. The Anschutz Corporation employs 8 employees. in pharmaceutics from Long Island University, an M.S. After the deal, Anschutz controlled 71 percent of the Rio Grande, which now controlled SP, while Morgan Stanley as a minority partner controlled the remaining 29 percent through its purchase of $111 million in Rio Grande common stock. Michigan. It was also speculated that Anschutz envisioned synergies between Qwest and his sports activities, specifically the possibility of using the high-tech electronics that were installed in the Staples Center to transmit high-definition images of sporting events over the Qwest network to television sets and computers. He has aBachelor of Psychology from Texas Tech University, (303) 724 - 3720 |lindley.pagels@cuanschutz.edu, Correspondence, scheduling, and directions, (303) 724 - 3720 |angie.hegel@cuanschutz.edu. Get in touch with our corporate office or reach out to our national parks, make reservations, or tell us about your stay. Anschutz retained an 84 percent stake in Qwest, whose stock soared from $22 per share at offering to more than $50 by the end of 1997. He is licensed to practice law in Texas and Colorado. ", "Coachella owner personally gave $187,300 to Republican candidates and Super PACs in 2017", https://s3.documentcloud.org/documents/3517036/Anschutz-recommends-Gorsuch.pdf, "Colorado trio eyed for U.S. appeals bench", "Anschutz Library celebrates 25th anniversary | Libraries", "AEG Chairman Phil Anschutz Donates $1 Million to Elton John AIDS Foundation", "BUSINESS PEOPLE BUSINESS PEOPLE Anschutz Founder Shuns Limelight", "New owner is reclusive, a conservative Christian", "Contemporary Honors Award Recipient 2000 - School of Business | Emporia State University", "Junior Achievement U.S. Business Hall of Fame", MLS founders reflect on 20 years of Major League Soccer, "Bloomberg Billionaires Index - Phil Anschutz", "Golden Plate Awardees of the American Academy of Achievement", "Philip Anschutz, Chairman and CEO, The Anschutz Corporation, Denver, CO", Horatio Alger Association of Distinguished Americans, https://en.wikipedia.org/w/index.php?title=Philip_Anschutz&oldid=1136023653, 2017 - Native Sons and Daughters of Kansas "Kansan of the Year", This page was last edited on 28 January 2023, at 08:11. "[22], Anschutz is one of only four recipients of the National Soccer Hall of Fame's Medal of Honor for his contributions to growing the sport of soccer in the United States. SellerChristy . ", https://en.wikipedia.org/w/index.php?title=The_Anschutz_Corporation&oldid=1122683027, This page was last edited on 19 November 2022, at 00:28. alike, touching a variety of therapeutic areas in pharmaceutical, medical devices and telehealth industries. Prior to moving To pare down the company's $311 million in debt, Anschutz took Qwest public in June 1997 through an IPO that raised $321 million. In the initial years after the purchase, Rio Grande Industries struggled to overcome its huge debt load, which had led to $100 million-plus interest payments each year, as well as the decline in SP's traditional accounts in auto parts, lumber, and food; increased competition from Union Pacific and Santa Fe; and more rigorous safety inspections in California, where SP trains were involved in two chemical spills in July 1991. Prior to joining Anschutz, Heather started her own consulting company, Divetank Then in a prime example of his exquisite timing, Anschutz sold a half-interest in the mineral rights on his ranchlands to Mobil Corporation for $500 million in 1982, not long before the 1980s oil crash. SP Telecom continued digging trenches along the tracks and laying fiber-optic cable, then leasing the lines to such telecommunications firms as AT & T and MCI. Robert Krebs, the chairman of Santa Fe Industries, was forced to sell one of his lines and chose SP, which he felt was the weaker of the two. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. To reduce the debt load, Anschutz sold large portions of Southern Pacific's vast real estate holdings, more than $1 billion worth by the end of 1991 and nearly $400 million in 1992 alone. The TransWest development team includes: Bill Miller, President and CEO; Roxane Perruso, Executive Vice President and COO; Kelly Cummins, Vice President, Land and Environmental Affairs SB Nation, The Two Sides of Phillip Anschutz: An American Soccer Savior With a Disturbing Social Agenda, November 10, 2011. The Anschutz Exploration Corporation subsidiary has continued the original business of discovering and developing oil and gas wells, with particular focus on projects in Colorado, Utah and Wyoming. Environmental groups, preservationists, and ten Native American tribes appealed the decision without success. Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. should contact Print or download. [62], His first cousin was fellow Russell native and longtime news anchor Wendall Anschutz. NSF, JDRF, and the American Cancer Society. Anschutz ended up clearing a $30 million profit on what had looked like an extremely risky investment. The Anschutz Corporation is an American private holding company headquartered in Denver, Colorado, United States. In this role, his primary responsibility is to help build partnerships/collaborations between academic researchers and industry in the areas of clinical trials, Department of the Treasury. permission only. With 20+ years of experience in art direction and advertising for a wide range Indiana. Chad received his Bachelors Degree in Economics from Colorado State University. Signal Hire. Anschutz Entertainment Group. The Anschutz Entertainment Group (AEG) is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. Following Nacchio's hiring in January 1997, Qwest inked two additional deals with WorldCom and GTE, similar to the one with Frontier, for another $600 million. In 1982 Anschutz sold an interest in it to Mobil Oil for $500 million. Editor in Chief Stephen Hayes had initially been cleared to find a buyer but after a venture capital firm agreed to broker any future deal, Anschutz withdrew permission and decided to effectively kill the company in order to harvest its subscribers. Up to 5 In September 2021 Angie joined the CU Innovations team, managing marketing and graphic design needs of the department, including social media initiatives. [31], It was announced on September 15, 2011, that Anschutz would acquire all assets of the Oklahoma Publishing Company (OPUBCO) from the Gaylord and Dickinson families. Prior to joining the University Greater Denver Area. Frank Smith is President and Chief Executive Officer of Anschutz Film Group (AFG) and Walden Media. sponsored research, or use of capabilities at the Anschutz Medical Campus, such as the Drug Discovery Center or the Gates Biomanufacturing Facility. In another effort to reduce the debt load, 30 million shares were offered in August 1993. www.aegworldwide.com. [15] Contact Anschutz Foundation 1729 Tremont Place Denver, CO 80202 (303) 308-8220 [12] Articles and Resources Related SourceWatch Articles Chief Information Officer (CIO) Dec 2019 - Present3 years 3 months. For example, he pushed for the building of soccer-specific stadiums, allowing MLS teams to increase revenue and better control costs. Counsel staff, Ms. Ross was a litigator with Messner Reeves in Denver. (303) 724 - 0220 |heather.callahan@cuanschutz.edu. Copyright (c) 2022 Company-Histories.com. Amoco attempted to buy Anschutz's mineral rights but he refused. +1 213 763 7700. The data presented on this page does not represent the view of The Random Acts of Kindness Foundation and its employees or that of Zippia. Amid speculation that he would be better off breaking up SP and selling it piecemeal (Krebs of the Santa Fe still coveted much of the SP line and approached Anschutz about a deal several times without success), Anschutz told Forbes: 'I said in my original ICC filing that we would turn this railroad around; I'm in it for the long haul.' Claire has a Bachelors degree in biochemistry from Trinity College Dublin, a PhD in neuroscience from Innsbruck Medical University, and a certificate in project management from the International Project Management Association. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. He was nearly ruined by a disastrous coal mining investment before managing to sell the money-losing mines to an electric utility. We see them around but we don't know what goes on behind the scenes. As consumers, we often take for granted all the hard work that goes into building a great company. His Anschutz Entertainment Group operates more than 350 owned or affiliated arenas and concert venues worldwide. The Gates Institute is designed to fill gaps in traditional academic infrastructure, from providing internal resources to strengthening industry partnerships. They donated its leases for oil and gas rights to the National Trust for Historic Preservation, which has pledged to let the leases expire, and the Bureau of Land Management said it had no plans to permit further leases there and would consider formal withdrawal of the 4,268-acre (17km) site from mineral leasing in its 2004 management plan. 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Join our email list to receive periodic updates and meeting notifications. [60][20] On December 6, 2015, he broke his media silence when he appeared with several of the founders of Major League Soccer to reflect on the league's 20th anniversary. With 20,000 miles of track thoroughly covering the West Coast and a line through the southern United States to the Mississippi River, the SP was even more attractive to Anschutz for its connections to the Rio Grande lines in Kansas City and Ogden, Utah, making for a synergistic coupling. Proceeds benefit the National Western Scholarship Trust. (303) 724 - 1039 |claire.mcdonald@cuanschutz.edu. 2023 Forbes Media LLC. In 1988, the Rio Grande railroad purchased the Southern Pacific Railroad under his direction. Not surprisingly, then, the Southern Pacific and Union Pacific entered into what turned out to be lengthy discussions about a merger. from the Medical University of South Carolina and a B.A. Were it not for this shrewd maneuver that made him a billionaire, Anschutz could have been one of the crash's casualties. In 2010, he donated 400 masterpieces by the likes of Frederic Remington to create the American Museum of Western Art in Denver. - Responsible for Governance, Risk & Compliance oversight across the company's portfolio. Don holds a Master of Business Administration (MBA) completed in 2021, a Master of Divinity (MDiv) completed in 2015, and a Bachelor of Science in International Business and Language (BSIBL) completed in 2009 through the University of He started testing his business acumen early: a six-year-old Anschutz sold Kool-Aid on a nearby college campus using a wheeled stand he built. Source: International Directory of Company Histories, Vol. The Anschutz Corporation and its affiliates, including Anschutz Company and Anschutz Investment Company, are the investment vehicles for the diversified interests of Philip F. Anschutz. [13] Anschutz paid $100,000 to each of 32 New York nonprofit philanthropic groups, as well as $200,000 to each of six law schools. Executive Director Contact | Bio Licensing Mary Tapolsky, PHD Senior Licensing Manager Contact | Bio the Head of Patent Development for Intellectual Ventures Invention Development and resided in Asia. He was also a director of Forest Oil Corporation beginning in 1995. [18] In 2011, it was announced that Anschutz had purchased the Oklahoma Publishing Company, and as part of their assets The Broadmoor and the Manitou and Pike's Peak Railway in Colorado Springs and Manitou Springs respectively.[19]. (303) 304-9967 |michael.mcgarry@cuanschutz.edu. The Anschutz Corporations activity and investments in the energy field reflect a strong commitment to responsibly developing and managing natural resources. Anschutz purchased cattle ranches, uranium and coal mines, and wheat and vegetable farms, and launched a New York-based commodity trading company specializing in oil and metals. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. Part of this came in the form of stakes of more than five percent each he gained in Union Pacific (a stake initially worth about $700 million) and in Union Pacific Resources Group Inc., a leading independent oil and gas exploration and production company that was spun off from Union Pacific in 1995 and 1996 (the stake in the latter was worth about $300 million). To fund the cost of constructing the massive network--initially estimated at $1.4 billion--Qwest in 1996 reached an agreement with Frontier Corporation, whereby Frontier, at the time the number five U.S. long distance company, would invest $500 million in Qwest in exchange for the right to 25 percent of the capacity of the Qwest network for the following 50 years. Additionally, he works as an Analyst with the CU Healthcare Innovation Fund. But in 1993, SP slid back to a loss of $149 million. [39] He financed The Foundation for a Better Life. Emily has worked on the Anschutz Medical Campus for over 7 years in the Department of Emergency Medicine and the Department of Pediatrics, performing clinical operations and medical education program management. The employee data is based on information from people who have self-reported their past or current employments at The Random Acts of Kindness Foundation. Anschutz Corp. purchased the Rio Grande's parent, Rio Grande Industries, Inc., for $500 million, $90 million of which was in cash and the remainder in loans. The current state of business is one of uncertainty and change. learn how over 7,000 companies got started! Richard holds a J.D. There is more to the comparison, and in the sections below, we discuss why we believe CL stock will offer better returns than PM stock in the next three years. When the huge oil field caught fire soon after its discovery, Anschutz averted disaster by persuading the famed oil-fire fighter Red Adair to take on the blaze despite Anschutz's shaky finances, and by securing $100,000&mdash-ough to tide him over until he could get financing from his bankers--from Universal Studios. development and external innovation partnership opportunities with our healthcare system partners. These efforts will "put CU Anschutz on the map in the field of cell and gene therapy," Fry said. Philip Anschutz was born in Russell, Kansas, in 1939 (one source says it was Grand Bend). By the early 1980s, Oxford-AnsCo had developed several major skyscrapers in Denver, including the 56-story Republic Tower and the 39-story Anaconda Tower, worth an estimated $250 million. The Anschutz Corporation has been part of the Carbon County community since the mid-1990s through its ownership of The Overland Trail Cattle Company LLC, a 320,000-acre working ranch situated south of Rawlins/Sinclair and northwest of Saratoga on a combination of private land and federal land managed by the BLM. Xanterra also operates the Grand Canyon Railway, Kingsmill Resort, and Windstar Cruises. He expanded his investments to sports and entertainment companies, co-founding the American association football/soccer league Major League Soccer as well as multiple soccer teams, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars. . Closing was expected in October 2011. to joining the CU Innovations team, Doreen was a licensing coordinator at the National Renewable Energy Laboratory, where she focused on the active marketing of technologies and management of NRELs diverse software portfolio. (303) 724 - 1098 |dallas.martin@cuanschutz.edu. Members of the media with inquiries about the PCW wind energy project Strategies, LLC, through which she works primarily with local small biotech companies guiding them through formation, business and regulatory strategy, and intellectual property alignment. Join to connect The Anschutz Corporation. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. He also owns stakes in performance venues, including the Staples Center, The O2, London, and the Dignity Health Sports Park. Large-scale industry collaborations have been established in areas such as AI and drug development. Here's why it was my top pick. There were now just three major rail companies in the western United States: Southern Pacific, Union Pacific, and the newly named Burlington Northern Sante Fe, which was about the size of the other two combined. Customer inquiries are best handled by calling 800-647-7261. Craig D. Slater also serves as the Executive Vice President of Anschutz Corporation and Anschutz Company since May 1999.
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