OAKLAND COUNTY - Compuware chairman and chief executive officer Peter Karmanos Jr. quietly ended his 13-year marriage in Oakland County Circuit Court. This includes extensive skill and background dealing with the growth, operation and management of a large public company as its co-founder and Chairman. 4. Former owner of the Carolina Hurricanes. 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. smokes an Ashton cigar during an interview on Wednesday, March 14 at his Mad Dog Technology office in Birmingham. [11], Karmanos, his Compuware partner Thewes, and former player Jim Rutherford purchased the Hartford Whalers in 1994, for $47.5 million. I asked everyone that I work with if it is all right. Karmanos, the owner of the Carolina Hurricanes, said of Fedorov that it was "pretty obvious that . How much money is Peter Karmanos Jr. worth at the age of 79 and what's his real net worth now? As per public useful resource, IMDb & Wikipedia, Peter Karmanos Jr.s ethnicity is Not Known. Get an email notification whenever someone contributes to the discussion. He later became a vice president for the Pittsburgh Penguins. Peter Karmanos Jr. is a Sports Executive who was born on March 11, 1943 in United States. The largest trade he's ever made was exercising 53,700 units of Worthington Industries stock on 30 September 2015 worth over $915,048. Karmanos also sponsors youth hockey programs in Michigan. Highlights 1 1 1 . Mad Dog. In 1994, when it was still headquartered in Farmington Hills, the company built a 40,000-square-foot wellness center, complete with running track and basketball court. The most active insiders traders include Mark A Russell, John P/Oh Mcconnell, and John H Mcconnell. [4], In 2005, Karmanos founded Danialle Karmanos Work It Out (DKWIO). I didnt inhale it, and I got a little buzz from it. Birth Sign Pisces. 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 trusts are valued at over $100 million, but over the years, Pete Sr. borrowed against the account to fund his beloved Carolina Hurricanes hockey team. Peter has made over 9 trades of the Worthington Industries stock since 2005, according to the Form 4 filled with the SEC. Additionally, the relocation conversation could be rendered almost completely moot if the league decides in three weeks to accept both Las Vegas and Quebec City as expansion franchises. Continue to the next page to see Peter Karmanos Jr. net worth, estimated salary and earnings. You could learn full biography about Peter Karmanos Jr. from. Please test the article once more after few days. He was born on 1966-01-30. Born. Peter Karmanos, Jr. is chairman, CEO and co-founder of Compuware Corporation. Deep down . Background Report for Debra Glendening. All rights reserved. Peter Karmanos Jr. If Karmanos Jr. was forced to borrow funds that were intended for his family and not his team, what does that say about the financial situation of the Hurricanes? Karmanos sold . At the time, Pete was vice president of a Minneapolis-based company called Technalysis, running its Detroit office. Peter Karmanos Jr. (born March 11, 1943)[1][2] is an American businessman who was most recently the minority owner and alternate governor of the Carolina Hurricanes franchise until June 30, 2021. The league's board of governors unanimously approved the transaction Wednesday. He gently stubs it out as he hangs up the phone. 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. There are some that are just awful.. He was very aggressive and had a short fuse,' says an old friend. [16], Karmanos' Gale Force Holdings has a subsidiary dedicated to the NHL, Hurricanes Holdings, LLC, which includes the Hurricanes and their stadium, PNC Arena. 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. A philanthropist as well as a hockey team owner, he donated to the Michigan Cancer Foundation, which was renamed the Barbara Ann Karmanos Cancer Institute in memory of his first wife. Karmanos declined. In more than 30 years under Mr. Karmanos' leadership, the company has become one of Michigan's largest exporters, offering more than 130 . The education details are not available at this time. Brush, who was part of the original ownership group along with owner Peter Karmanos Jr. and the late Tom Thewes, was offered a contract for five years, and agreed to stay on. I thought, Gee, this aint bad, but I do not want to get hooked on them. So I went a month and didnt have a need to smoke a cigar, and I thought, Well, this is pretty cool. Because if I would have smoked a cigarette, I would be back smoking a whole pack. As of 2023,Peter Karmanos Jr.s net worth is, Peter Karmanos Jr. is a Pisces and was born in The Year of the Goat. 2023 www.freep.com. The first time I had one of these, I said, Oh, I like this, Karmanos says. He has served continuously as a director of the Company since 1997, is Chair of the Nominating and Governance Committee and is a member of the Executive Committee. We will continue to update information on Peter Karmanos Jr.s parents. Sergei Fedorov and Peter Karmanos, Jr., are two members of the Hockey Hall of Fame Class of 2015. The current promissory note was executed in June 2013 for $101.3 million, to be paid in installments with2.1% interest untilJune 2022 orayear after Karmanos' death, if it occurs before then. 1:26. Worthington's WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions. [14], From 2002 to 2005, Karmanos produced and directed concept car reveals for North American International Auto Show. The company is still appealing the award. Peter Karmanos Jr. is a Pisces and his 80th birthday is in, The 79-year-old American was born in the Baby Boomers Generation and the Year of the Goat. In a struggling Canadian economy, that's enticing. Clerical/White Collar is listed as a current occupation. 6. A cigar-themed poster decorates Peter Karmanos Jr.s Mad Dog Technology office. All of these attributes make him well qualified to continue to serve on the Board. Suzanne, who died of cancer at age 36 . As DeCock noted in his piece, the lawsuit at least raises questions about the owner's ability to sustain the franchise in its current state. He and National Football League executive Jerry Jones both owned major athletic teams. The 40s also brought us the Slinky, Velcro, Jeep, Tupperware and Frisbee. Peter Karmanos Jr. will retire from Compuware Corp., the computer services company he co-founded in 1973, when he steps down at age 70 as chairman of the board on March 31.Karmanos brilliant . An investigation revealed Kilpatrick had received $240,000 in loans from Compuware co-founder Peter Karmanos Jr. and businessmen Roger Penske, Dan Gilbert and James Nicholson and spent the money . Lives in: Beverly Hills MI. Position: Majority owner Carolina Hurricanes. [13], "Corporate Yellow Book: Who's who at the Leading Listed U.S. Companies", "10 things you may not know about Pete Karmanos Jr., who retires from Compuware on Sunday", Hurricanes' Karmanos a true hockey builder, "Karmanos stepping down as Compuware Corp.'s CEO", "A golden parachute will gently carry Pete Karmanos into retirement", "Departure of Directors or Certain Officers", "Peter Karmanos starts new company Mad Dog Technology in Birmingham", "It's official: Ontario Hockey League approves Plymouth Whalers' move to Flint", "USAH Foundation Completes Compuware Arena Purchase", "Hartford rally to save the Whale a so-so event", "Burnside: What moves have worked, what moves should be made", "Hockey Hall of Fame - Stanley Cup Journals: 15", "Hertz Arena, Everblades being sold to Naples businessman David Hoffmann", "Legends of Hockey - Induction Showcase - Peter Karmanos Jr", "Dundon Becomes Majority Owner of Hurricanes", "Dundon Assumes Full Ownership of Hurricanes", https://en.wikipedia.org/w/index.php?title=Peter_Karmanos_Jr.&oldid=1133458094, This page was last edited on 13 January 2023, at 22:23. Pete Karmanos borrowed millions of dollars from trusts, made up of Compuware stock, promised to his three sons, Peter the third, Nick and Jason. 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. But his tastes arent too ritzy. I agree to receive the "CBS Sports HQ Newsletter" and marketing communications, updates, special offers (including partner offers), and other information from CBS Sports and the Paramount family of companies. Click below to see everything we have to offer. Share with Us. In addition to three children with Barbara, Karmanos has four others with current wife Danialle, and nine grandchildren. [7] She is the author of the hardcover book about her husband entitled, Pete Karmanos A Life in Progress. 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. Age 79 Nation USA . Nine years after moving the Whalers out of Hartford, Peter Karmanos hoists the Stanley Cup in Raleigh, N.C. (Bruce Bennett / Getty Images) In Greater Detroit, he . 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 . Some trust terms may even waive the duty of the trustee having to pay the money borrowed back. The two were hanging out, Karmanos recalls, when Rock asked Karmanos if he wanted a cigar. Peter Karmanos, Jr. is the majority owner and chief executive officer of the Carolina Hurricanes and Florida Everblades hockey franchises. 2. "It's for moral reasons," Karmanos told me in 1994. That was the last dispute mom and son had over an order. Without future ado, let's learn more about Peter Karmanos Jr.. Special Features. . Discrimination, including harassment, because of age, race, color, national or ethnic origin, religion, sex, sexual orientation, gender identity or expression, veteran status, physical attributes, marital or familial status . "I'll always remember Peter. Karmanos' desire to sell has fanned the flames of relocation speculation over the last two years. He served as their principal owner from 1994 (when the Hurricanes were the Hartford Whalers) to 2018. $100,000 - $1M. Known for. It is the right size. Karmanos bought the Hartford Whalers in 1994 and moved them to Raleigh in 1997, renaming them the . His mother, Fay, was a cook there, and hated making omelettes because of how much space they took up on the small grill. FamousBirthdays.com - use subject to the practices disclosed in our privacy policy. "Having lost my mother at just age 46 to cancer, I find peace and comfort knowing that, as a team, we have saved so many families from this same fate. Chinese Zodiac: Peter Karmanos Jr. was born in the Year of the Tiger. biotechnology. 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. She earned her Bachelor of Arts degree in journalism, graduating with honors, from Wayne State University in 1999. Karmanos flips it open, revealing a crushed red felt interior, stocked with his go-to cigars. Peter Karmanos Jr. is the cofounder of Detroit-based Compuware, once the largest computer technology company in the state. There are 15 executives at Worthington Industries getting paid more, with John P. McConnell having the highest compensation of $5,150,460. Karmanos in 2021. On average, Peter trades about 1,107 units every 35 days since 2003. Peter Karmanos Jr. The attorney representing the three adult sons and the stock partnership did not return messages. So has Nick and so has Jason,"wrote Peter Karmanos III, a former chief information officer at Compuware. In 2017, Karmanos founded The Cuddlers, a volunteer-based movement started at Children's Hospital of Michigan to cuddle and comfort hospitalized infants and children. "We are fortunate to have a passionate fan base that supports what we believe is a . Karmanos, 74, as the chairman and chief executive of Compuware, was a director of the offshore subsidiary. I call it a dog-walker. Peter Karmanos Jr. smokes an Ashton cigar at his Mad Dog Technology office in Birmingham. It is strong, and I like a stronger cigar.. In high school, when he wasn't shooting pool, Pete Jr. waited tables at Pete's, his father's restaurant at Grand River and Lahser. Use the 'Report' link on Theycontend that their fatherstoppedmakingpayments nearlythreeyears agoon a $101-million promissory note to thestock partnership. Expand. Search Report. 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. 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. Here are 10 things you may not know about this complex, entirely original and fascinating one-of-a-kind Detroiter, or about his Detroit-based company: 1. It lasts about 30 minutes of steady smoke, and you dont have to smoke it all day long. Zodiac Sign: Peter Karmanos Jr. is a Pisces. Age Range: 57 to 74; Background search with BeenVerified. Mr. Karmanos founded Compuware, a software development company, in 1973. The honorees for this year's Partners Events are Danialle and Peter Karmanos Jr. With a Crains Detroit Subscription you get exclusive access, insights and experiences to help you succeed in business. the outer planets, Uranus and Pluto, were not yet discovered, since the telescope had not yet been invented. Related to: Laura A Karmanos, Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos. Reporter: Covers banking, finance, technology, and 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. Howie Roseman Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Just hours after Rod Brind'Amour publicly acknowledged that then-Carolina Hurricanes head coach Bill Peters physically assaulted two players on the bench, former team owner Peter Karmanos told The . "His neighborhood buddies remember hanging around at Leonard's Pool Hall on Eight Mile near Lahser more than they remember going to class. Avid hockey fan and CEO of the Compuware Corporation. Don't Threaten. William Ford Sr. of Grosse Pointe $1.4 billion [ [Ford) John Stryker of Kalamazoo, $1.4 billion [ [Stryker) Roger Penske of Bloomfield Hills, $1.3 billion [ [auto) Manoj Bhargava of Farmington Hills, $1.1 billion [ [Five-Hour Energy) Peter Karmanos of Orchard Lake, $1 billion [ [Compuware) Are there many 9-figure net worth people/families that . [14] Even though they surpassed 11,000 season tickets, the team was moved to Raleigh, North Carolina, and renamed the Carolina Hurricanes following the 199697 season. . Peter Karmanos Jr. was born in in March 11, 1943. I won't rehash everything here, but it just hasn't happened.". The Vainutis K. Vaitkevicius Community Services Center is dedicated in Southfield, Michigan. Peter Karmanos, Jr. (born March 11, 1943)[1][2] is the CEO of Compuware Corporation and owner of the Carolina Hurricanes, Plymouth Whalers and Florida Everblades hockey franchises. AKA: Danialle Karmanos Related to: Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos, Nicodemus A Karmanos. But he knows what he likes, and that includes Churchills Bistro and Cigar Bar in Birmingham. At the time, they had committed to keeping the team in Hartford for at least four years. at 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. The greatest overall compatibility with Pieces is Virgo and Taurus. [10] Karmanos currently serves on the board of trustees for the College for Creative Studies,[11] the Board of Directors for the Michigan Opera Theatre[12] and is a founding member, board member and former Chair of the Museum of Contemporary Art Detroit. [4] Karmanos served as Compuware's CEO until June 20, 2011, when he became executive chairman. So far no partner has been found and this lawsuit could potentially complicate those efforts further. Former CEO of Compuware Corporation. When asked what he looks for in a good cigar, he chuckles. Dundon, who became majority owner in January 2018, has now bought out Peter Karmanos entirely. William P. Peters, M.D., Ph.D., is recruited to head the Center. So why is the expansion decision important to the Hurricanes? 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. They've spent years supporting many critical institutions in our area but know the small business owners help keep the Motor . Top 3 Results for Peter Karmanos. Also ranked within the elit checklist of well-known celeb born in United States. The trusts are valued at over $100 million, but . Worthington is North America's premier value-added steel processor and producer of laser welded products; and a leading global supplier of pressure cylinders and accessories for applications such as fuel storage, water systems, outdoor living, tools and celebrations. Karmanos is finishing up a call when we arrive, and he is working the stub of a nearly finished cigar between his lips. He currently resides in Michigan, United States. [15] The Hurricanes reached the Stanley Cup Finals in 2002, but lost to fellow Detroit businessman Mike Ilitchs Detroit Red Wings in five games. In this article, we covered Peter Karmanos Jr.'s net worth, wiki, bio, career, height, weight, pics, family, affairs, car, salary, age, facts, and other details in 2022. According to our information, Peter Karmanos Jr. married to Danialle Karmanos , Barbara Ann Karmanos. Most Popular #152169. Orchard Lake, Michigan (MI), US. Andrew Norriss Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Today, he hasfour youngsons withhis third wife,Danialle Karmanos. Peter Karmanos Jr. Peter Karmanos Jr., 76, serves as minority owner and alternate governor for the Carolina Hurricanes, as well as the chairman and cofounder of MadDog Technology. Just before Pete left for the UP, his boss strongly suggested that because of flat sales, he should cancel his trip. Peter Karmanos' first foray into hockey franchise ownership occurred in 1984. Karmanos Jr. was born in Detroit, the oldest of three children of a Greek immigrant family who owned a small restaurant in Detroit. He also owned the Plymouth Whalers junior ice hockey club from its establishment in 1990 until 2015, and was the majority owner of the Florida Everblades from 1998 to 2019. The estimated Net Worth of Peter Karmanos is at least $7.1 Million dollars as of 7 November 2017. [fetch instagram= display=posts show=2 ]. You can blame him fully, he jokes, referring to the rocker. Peter Karmanos Jr. Age. Peter Karmanos Jr. is suing Compuware, the IT company he founded, over its $2.4 billion sale last year to Thoma Bravo LLC, a Chicago-based private-equity firm.. Shareholders of Detroit-based . Sandy Alderson Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Peter Karmanos Jr. is part of the Baby boomers generation. Metro Detroitbusinessman Peter Karmanos Jr. is being sued by his three adultsons for $105 million,accusinghim offailing to repay money used for his hockey team and other purposestoa family stock partnership that wasset up to benefit the sons from his first marriage. [18], In 2018, Karmanos received an honorary Doctor of Humane Letters degree from Hellenic American University.
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