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. Success did not come immediately for the young wildcatter. His father, Fred Anschutz, was a renowned oil field wildcatter who made and lost several fortunes. As consumers, we often take for granted all the hard work that goes into building a great company. in law from Northwestern University, and most recently an MBA from the University of Notre Dame. Board. Among the real estate Anschutz purchased in the 1970s was a property on the Wyoming-Utah border, known as Anschutz Ranch East. Moyers had retired after a very successful four-year stint at Illinois Central, where he cut its operating ratio (operating expenses as a percentage of revenues) from 98 percent to 71 percent. 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. The Anschutz Corporation United States employs 64 employees. free lookups / month. Still, that the offering was successful at all was attributed by many to the hiring of Moyers. in UKs Colleges of Pharmacy and Medicine. He is licensed to practice law in Texas and Colorado. [14] Thomas G. Kundert also serves as Treasurer of Anschutz Corporation. Philip Anschutz was born in Russell, Kansas, in 1939 (one source says it was Grand Bend). Beginning in 1987, the railroad operated a sleepy subsidiary called SP Telecommunications Company, which installed fiber-optic cable along its tracks for the use of the railroad and for telephone companies. He also began securing the rights to lay cable along the tracks of other railroads, eventually gaining agreements to lay cable along 40,000 miles of railway. Smith has been with AFG since 2003, and currently oversees all aspects of AFG's operations (development, physical production, publishing, marketing and outreach, finance, legal and business affairs). As William P. Barrett noted in Forbes, 'Beyond the original cash stake in the Rio Grande, Anschutz put not a penny more into the deal,' thereby making him the first individual to own a major railroad in decades. No credit card required. The Anschutz Corporation. [2][3][4][5] His father was an oil tycoon and land investor who invested in ranches in Colorado, Utah and Wyoming, and eventually went into the oil-drilling business. 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. These and other deals diluted Anschutz's stake in Qwest by mid-2000 to about 38 percent, which still translated into about $12 billion. Anschutz continued to hold his five percent stake in Union Pacific into the 21st century. Kimberly has a graduate degree in Genetics, and received her law degree with highest honors from the University of Connecticut School of Law. 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. N-1. She also supports the business development team with strategic Through AEG Live, he owns the Coachella Valley Music and Arts Festival, Sea Island Resorts and The Broadmoor hotel in Colorado. The Random Acts of Kindness Foundation may also be known as or be related to Anschutz Corp The, The Anschutz, The Anschutz Corporation and The Random Acts of Kindness . In 1999, Fortune magazine compared him to the 19th-century tycoon J.P. Morgan, as both men "struck it rich in a fundamentally different way: they operated across an astounding array of industries, mastering and reshaping entire economic landscapes.". Soon after Ronald Reagan became president in 1980, he deregulated the U.S. railroad industry. [21], In 2012, SportsBusiness Journal named Anschutz the fifth most influential person in sports business in its annual survey of the "50 Most Influential People in Sports Business. The Anschutz Corporation employs 8 employees. Similar to many other takeovers of the 1980s, Anschutz engineered a highly leveraged purchase in which Rio Grande Industries paid Santa Fe Industries just over $1 billion in cash, most of it borrowed, for SP, assuming more than $700 million in SP debt. Anschutz Entertainment Group. Prior to joining the University 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. Gabe provides due diligence analysis for internal and external innovation partnership opportunities. Claire joined CU Innovations in October 2020 as the SPARK Program Manager. Services Management & Mental Health Administration. Henry Dubroff of the Denver Post estimated that Anschutz had pocketed pretax profits of as much as $500 million from the stock offerings. Doreen specializes in the marketing and licensing of innovative, high-impact technologies in order to transition them from the lab bench to the commercial market. [15] The U.S. Securities and Exchange Commission and the U.S. Department of Justice extensively investigated Qwest officials and determined there was no justification for taking action against any board member. Two years later, Anschutz acquired Qwest Communications Inc., a Dallas-based digital microwave company, and merged SP Telecom into it, setting up headquarters in Denver. In November 1993, he became Director and Chairman of the Board of Qwest, stepping down as a non-executive co-chairman in 2002 but remaining on the board. In another effort to reduce the debt load, 30 million shares were offered in August 1993. [38] He also financed and distributed films with Christian themes for mass audiences (through his two film production companies and ownership of much of the Regal, Edwards and United Artists theater chains) including Amazing Grace and The Chronicles of Narnia: The Lion, the Witch and the Wardrobe. But in 1993, SP slid back to a loss of $149 million. Raja Krishnan is a Senior Business Development Manager at CU Innovations. Overall, on-time deliveries were up by more than 50 percent in his first year. He is also the namesake of CU Anschutz, the medical campus of the University of Colorado. Doreen holds a Master of Science from the Colorado School of Mines in Applied Chemistry and a Bachelor of Arts from the University of Colorado in Biochemistry. [1] The company was started in 1958 by Fred Anschutz, a wildcatter, who developed and operated oil wells. For example, he pushed for the building of soccer-specific stadiums, allowing MLS teams to increase revenue and better control costs. Start free trial. CU Innovations specializes in commercializing technology, developing ventures, and building business partnerships. Proceeds benefit the National Western Scholarship Trust. Second, Moyers focused on service to SP's customers, putting pressure on his subordinates to improve the operations. Bachelor of Psychology from Texas Tech University, Skaggs School of Pharmacy and Pharmaceutical Sciences, Children's Hospital Center for Innovation. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Reflects change since 5 pm ET of prior trading day. UP suffered from highly publicized difficulties integrating SP, resulting in massive gridlock in the summer of 1997 and extending into 1998; it was estimated that by March 1998 delays in UP shipments had cost rail customers about $1 billion in curtailed production, reduced sales, and higher shipping costs. 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. The following year Qwest battled for control of local telephone provider U S West Inc., one of the original Baby Bells, with another upstart telecommunications company, Global Crossing Ltd. Qwest eventually won the battle, acquiring U S West for about $43.5 billion in stock in 2000. Here's why it was my top pick. Strategies, LLC, through which she works primarily with local small biotech companies guiding them through formation, business and regulatory strategy, and intellectual property alignment. innovation management, forming key strategic industry partnerships, and licensing. Fashion designer Philipp Plein just dropped a new sneaker collaboration with Snoop Dogg in Los Angeles. Anschutz next pulled off a coup by hiring Joseph Nacchio, a top AT & T executive, to run Qwest as CEO (Anschutz remained chairman). [17], On June 24, 2008, it was announced that Anschutz would buy Xanterra Parks and Resorts, which had purchased the Grand Canyon Railway in 2007. For some time, while MLS was struggling, Anschutz owned six MLS franchises concurrently and experienced significant financial losses. Join to connect The Anschutz Corporation. The relationship with Oxford-AnsCo soured when Anschutz gained the vast real estate holdings of the Denver & Rio Grande Railroad in 1984 and wanted to begin to develop real estate on his own rather than through the Oxford partnership. Executive Vice President The Anschutz Corporation Sep 2010 - Present12 years 5 months Chief Strategy Officer AEG Mar 2013 - Present9 years 11 months Greater Los Angeles Area Managing Director. 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. Join to view profile . Spitzer's suit was panned in a Wall Street Journal editorial headlined "The Anschutz Ransom". 573 followers 500+ connections. With Anschutz once again wielding political pressure, the Congress passed the legislation that replaced the ICC with the STB in December 1995. Prior to joining Anschutz, Heather started her own consulting company, Divetank Anschutz owns more than half of the company, and multiple newspapers and media groups. Effective August 1, 2010, Xanterra Parks and Resorts purchased and assumed management of Kingsmill Resort. She is a member of the Doyle Inn of Court and the Department of the Treasury. Xanterra holds the franchise rights to operate resorts inside several major national parks including Crater Lake (Crater Lake Lodge), Death Valley (Oasis at Death Valley), and the Grand Canyon (Bright Angel Lodge, El Tovar Hotel, Maswik Lodge and Phantom Ranch). Pricing; API; . Anschutz denied any wrongdoing but volunteered to donate a total of $4.4 million to settle the case as long as he selected the recipient organizations in advance. Chief Information Officer (CIO) Dec 2019 - Present3 years 3 months. Founded in 1965, The Anschutz Company is an oil and gas company that has projects in the Powder River and Washakie Basins of Wyoming, the Piceance and DJ Basins of Colorado, and the Unita Basin of Utah. [53], In 2018, Anschutz donated $1 Million to Elton John AIDS Foundation. While at UK, Raja planned and moderated a five-part Drug Repurposing short course webinar series, which brought together various experts from across the US and Europe as guest speakers. (303) 724 - 3720 |chad.stanker@cuanschutz.edu. Although SP was still in weak financial condition, Moyers had managed to make a number of improvements, and in February 1995 he once again retired. He was nearly ruined by a disastrous coal mining investment before managing to sell the money-losing mines to an electric utility. [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. Craig D. Slater also serves as the Executive Vice President of Anschutz Corporation and Anschutz Company since May 1999. Work At The Random Acts of Kindness Foundation? Gali joined the University of Colorado CU Innovations office in February 2016 and serves as the "operational octopus" behind the CU Healthcare Innovation Fund and granting funding programs. 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 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. In this role, his primary responsibility is to help build partnerships/collaborations between academic researchers and industry in the areas of clinical trials, "[37], Anschutz supported the Parents Television Council, a group that protests against television content that they consider indecent. Mike holds a BS in Biomedical and Electrical Engineering from Duke University, and an MBA from the University of Chicago Booth School of Business. Prior to joining CU Anschutz, she managed funding and entrepreneurship programs in Science Foundation Ireland, the Irish government science funding agency. Get the latest business insights from Dun & Bradstreet. . 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. Anschutz has had several other business ventures, including Forest Oil, Pacific Energy Group, Union Pacific Railroad (he is the company's largest shareholder, with a 6% stake), and the Regal Entertainment Group, the second largest movie theater chain in the world, with approximately 7,000 screens. Through his ownership of Walden Media, he has invested in films such as The Chronicles of Narnia, Ray, and Joshua. Josh Eidelson, "Walmart, Right-Wing Media Company Hold Star-Studded Benefit Promoting Education Reform Film" In These Times, August 13, 2012, United States. The company's hospitality industry holdings are mostly controlled by its subsidiary Xanterra Travel Collection. In 1996 and 1997 Forest Oil acquired two Canadian exploration and production companies, Saxon Petroleum Inc. and ATCOR Resources Ltd. Forest Oil then purchased some of Anschutz's oil and gas properties in 1998 for about $80 million in stock. Lorem ipsum dolor sit, amet consectetur adipisicing elit.
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