The following year, he acquired 9 million acres (36,000km) along the Utah-Wyoming border. Fred Anschutz and Philip Anschutz founded The Random Acts of Kindness Foundation. In 1978 Amoco Corporation discovered a huge reservoir of oil and natural gas adjacent to this ranch--what turned out to be one of the largest discoveries since Alaska's Prudhoe Bay. Second, Moyers focused on service to SP's customers, putting pressure on his subordinates to improve the operations. The company began offering its own long distance service to business customers in the Southwest in 1993. In September 2021 Angie joined the CU Innovations team, managing marketing and graphic design needs of the department, including social media initiatives. Letter from Bruce F. Black to Harriet E. Meiers, 2006. Mike holds a BS in Biomedical and Electrical Engineering from Duke University, and an MBA from the University of Chicago Booth School of Business. Anschutz Entertainment Group. [1] The company was started in 1958 by Fred Anschutz, a wildcatter, who developed and operated oil wells. innovation management, forming key strategic industry partnerships, and licensing. In 1970, Anschutz bought the 250,000-acre (1,000km) Baughman Farms, one of the country's largest farming corporations, in Liberal, Kansas, for $10 million. Anschutz owns more than half of the company, and multiple newspapers and media groups. Don joined the University of Colorado Anschutz Medical Campus in December 2016 and has a background in handling both pre- and post-award grant management functions as well as research contract management and oversight. [61] Anschutz has run 15 marathons. What was next for this seemingly modern-day Midas? The Anschutz Entertainment Group (AEG) is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. In the fall of 1996, perhaps not coincidentally soon after Union Pacific's takeover of Southern Pacific was consummated, Qwest announced that it planned to develop a nationwide fiber-optic network, using the most advanced technology and offering the highest capacity of any U.S. telecommunications network. development and external innovation partnership opportunities with our healthcare system partners. Prior to joining Anschutz, Heather started her own consulting company, Divetank Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Up to 5 Anschutz graduated from Wichita High School East in 1957, and in 1961 earned a bachelor's degree in business from the University of Kansas, where he was a member of the Sigma Chi Fraternity.[8]. In 2000 the company agreed to acquire a Miami, Florida-based exploration and production firm called Forcenergy Inc., which Anschutz had gained control of after it went into bankruptcy. In later years, Anschutz contributed to Dole's political campaigns. It was Fred Anschutz who founded the Anschutz Corporation, incorporating it in 1958. Bachelor of Arts/Science, University of Kansas. He was also the co-founder and Chief The company behind TransWest, Anschutz Corporation, amassed a fortune in the 20th century in the oil-rich shale deposits of Wyoming. (303) 724 - 1039 |claire.mcdonald@cuanschutz.edu. In 2009, Anschutz purchased the conservative American opinion magazine The Weekly Standard from Rupert Murdoch's News Corporation. Reveal contacts of top The Anschutz Corporation managers and employees. Through his ownership of Walden Media, he has invested in films such as The Chronicles of Narnia, Ray, and Joshua. He also engages in new venture development of high potential university technologies and spin-outs. 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. {{ userNotificationState.getAlertCount('bell') }}. His work spans the intersection of internal venture This produced his first fortune in the oil business. The Gates Institute is designed to fill gaps in traditional academic infrastructure, from providing internal resources to strengthening industry partnerships. 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. Henry Dubroff of the Denver Post estimated that Anschutz had pocketed pretax profits of as much as $500 million from the stock offerings. When you see what can be done, the possibilities, you want to be involved in something. Starting around 1994, Anschutz was involved in the planning of a downtown development in his base city of Denver on land along the South Platte River that he had purchased from SP. 36. Join our email list to receive periodic updates and meeting notifications. the Head of Patent Development for Intellectual Ventures Invention Development and resided in Asia. The headquarters is in Denver, Colorado. The Anschutz Company 555 17th Street, Suite 2400 Denver, Colorado 80202-3941 U.S.A. Telephone: (303) 298-1000 Fax: (303) 298-8881 Private Company Incorporated: 1992 Employees: 100 NAIC: 551112 Offices of Other Holding Companies from the University of Colorado Law School and a Ph.D. in Biochemistry and Molecular Biology from the University of North Texas. Tulsa. Mike was at Genentech for 11 years where he led sales and marketing teams, driving the adoption of precision medicines and immunotherapies in oncology. [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. Over five decades, Philip Anschutz has built fortunes in oil, railroads, telecom, real estate and entertainment. [26][27] MLS Commissioner Don Garber stated in 2006 that "without Phil Anschutz, there's no MLS today."[23]. . [1] The company was started in 1958 by Fred Anschutz, a wildcatter, who developed and operated oil wells. [14] The payment was roughly equal to his profit from the practice of IPO "spinning"; thus, he actually suffered no penalty. We'd love to hear from you! Additionally, Raja is a graduate of Steve Blanks Lean Launchpad Program for Life Sciences and has advised multiple startup companies, including coaching teams through business plan competitions. 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. sponsored research, or use of capabilities at the Anschutz Medical Campus, such as the Drug Discovery Center or the Gates Biomanufacturing Facility. Prior to joining the University Counsel staff, he practiced at Baker McKenzie Late in 1984, the partnership was dissolved and the holdings divided between Anschutz and Oxford, with Anschutz keeping the Anaconda Tower (where the company's offices were still located in the early 21st century), Denver's Fairmont Hotel, and a half-block of undeveloped land in Denver. Anschutz parlayed his oil and gas wealth into the stock market, downtown real estate (primarily in Denver), and, ultimately, the railroad industry. Philip Frederick Anschutz (/nuts/ AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. of Medicine. Union Pacific paid $5.4 billion for Southern Pacific, with Anschutz pocketing about $1.4 billion from the sale. She also manages several funds, including an innovation For example, he pushed for the building of soccer-specific stadiums, allowing MLS teams to increase revenue and better control costs. She is a member of the Doyle Inn of Court and the Anschutz spotted a huge opportunity here, anticipating that the deregulation would inevitably lead to consolidation and the possibility of profiting from dealmaking. 573 followers 500+ connections. 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 Through a restructuring, it was possible that Anschutz could wind up as the largest shareholder of United Artists, and would have done so on the cheap. In the summer of 1993, Anschutz turned to a railroad company veteran, Edward Moyers, to assist in turning SP around. 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 owns two five-star resorts, the Broadmoor in Colorado Springs and Sea Island in Georgia. The Anschutz Entertainment Group ( AEG ), also known as AEG Worldwide, is an American global sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. 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. Michigan. her law career at Lyon & Lyon, LLP. Related by education: University of Kansas. Anschutz next pulled off a coup by hiring Joseph Nacchio, a top AT & T executive, to run Qwest as CEO (Anschutz remained chairman). [53], In 2018, Anschutz donated $1 Million to Elton John AIDS Foundation. As trade between the United States and Mexico increased in the early 1990s, SP seemed best positioned to profit from it with its six Mexican gateways in California, Texas, and Arizona. (303) 724 - 0220 |heather.callahan@cuanschutz.edu. 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). Prior to Genentech, he held roles across start-up companies and large companies She manages the implementation of clinical research within the CU Innovations digital health team. He is the majority owner of the NHL's Los Angeles Kings,. Colorado Womens Bar Association. in law from Northwestern University, and most recently an MBA from the University of Notre Dame. Tennessee. Frank Smith is President and Chief Executive Officer of Anschutz Film Group (AFG) and Walden Media. In addition to maintaining a five percent stake in Union Pacific and being the largest shareholder of Qwest with a 38 percent stake, Anschutz continues his involvement in the energy sector through a 37 percent stake in Forest Oil Corporation, a Denver-based oil and gas exploration and production company; is heavily involved in the Los Angeles sports scene with his ownership of the Los Angeles Kings hockey franchise and a professional soccer team as well as partial ownership of the Los Angeles Lakers basketball team and the state-of-the-art Staples Center; and has extensive real estate holdings. The Anschutz Corporation also owns Ken Ehrlich Productions and the Clarity Media Group, the parent company of The Gazette, a newspaper in Colorado Springs and Washington Examiner, a conservative news website and weekly magazine.[5]. Used by ", "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. 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. grant fund, and a nearly $50 million venture fund. Philip Anschutz (center), chairman and CEO of the Anschutz Corp., receives the ALIS Lifetime Achievement Award during the opening sessions of the Americas Lodging Investment Summit. [43] He is also a major donor to the American Enterprise Institute, the Federalist Society and the Heritage Foundation, conservative think tanks. As always, Anschutz had several irons in the fire. [14] Thomas G. Kundert also serves as Treasurer of Anschutz Corporation. His father, Fred Anschutz, was a renowned oil field wildcatter who made and lost several fortunes. Emerging seemingly out of nowhere to replace Southern Pacific as Anschutz's key venture was Qwest, a company whose lineage came straight out of Southern Pacific. Executive Vice President and Chief Mission Integration Officer, Ascension. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Prior to CU Innovations, 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. For some time, while MLS was struggling, Anschutz owned six MLS franchises concurrently and experienced significant financial losses. Anschutz and Comsat (later Ascent Entertainment), then owners of the National Basketball Association's Denver Nuggets and later the owners of the National Hockey League's Colorado Avalanche, developed a proposal for a $130 million sports and entertainment center that would include a new basketball and hockey arena and film and television studios. Counsel staff, Ms. Ross was a litigator with Messner Reeves in Denver. Greater Denver Area. Customer inquiries are best handled by calling 800-647-7261. (UK) Office of Technology Commercialization (OTC) for about 3 years, where his primary responsibilities included assessment, marketing and licensing of intellectual property in the life sciences area focusing on innovations developed "[16], In February 2006, the Denver Rocky Mountain News reported that Anschutz would not run for reelection to the boards of Qwest and Union Pacific and would resign from the board of Regal Entertainment Group so as to focus on his other investments. I tested eight electric razors for women and found the Philips SatinShave Electric Shaver to have the best combination of features and most efficient battery. The land came from the recently closed Fitzsimons Army Medical Center, but millions were needed for the construction of new medical laboratory buildings and a new University Hospital on the land. (303) 724 - 1098 |dallas.martin@cuanschutz.edu. 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. 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. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and. The New York Times called the takeover 'the most spectacular merger fiasco of modern times.'. SellerChristy . 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. The The Anschutz Corporation management team includes Dan Eppich (Chief Information Officer (CIO)), Matt Anctil (Vice-President, Enterprise Leader), and Angela McLean (Vice President - Business Services) . Anschutz is the principal owner of the National Hockey League's Los Angeles Kings and is a minority owner of the National Basketball Association's Los Angeles Lakers. Although the initial offering price was estimated at $20 per share, the actual price of the shares as issued was $13.50. Santa Fe Industries Inc. had purchased Southern Pacific in 1983 with the intention of merging SP with the Atchison, Topeka & Santa Fe Railway (known as the Santa Fe), one of SP's main competitors. [56][8][57] He and his wife Nancy, whom he met when he was 16, have three children. Executive Vice President: Colorado, USA cxxxxxxn@gmail.com: Adam Brewer: Technical Support Manager: Colorado, USA . Internal Revenue Service. On September 18, 2012, Anschutz announced he was putting AEG up for sale, but he decided not to accept[20] any of the bids, and on March 14, 2013, took AEG off the market. He had now made billion-dollar fortunes in three separate industries: oil, railroads, and telecommunications. [23] Anschutz also advocated for MLS's creation of Soccer United Marketing, the league's sales and marketing arm. "[37], Anschutz supported the Parents Television Council, a group that protests against television content that they consider indecent. Mike McGarry is the Director of Business Development at CU Innovations where he leads the business development team for the University of Colorado Anschutz Medical Campus. First, he planned to cut costs by reducing the employee ranks through a buyout program and a reorganization. On December 14, 2018, Anschultz executed the closure of The Weekly Standard and fired all its employees. University of Central Oklahoma . [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]. Additionally, he works as an Analyst with the CU Healthcare Innovation Fund. Anschutz Company operates as a holding company. (303) 304-9967 |michael.mcgarry@cuanschutz.edu. +1 213 763 7700. (303) 724 - 9543 |joleen.bohnen@cuanschutz.edu, (303) 724-7236 | don.morie@cuanschutz.edu. In 1984, Anschutz entered the railroad business by purchasing the Rio Grande Railroad's holding company, Rio Grande Industries. This initiative saved a lucrative Georgia-Pacific account by increasing on-time Georgia-Pacific deliveries from zero to 80 percent in three months. Through AEG Live, it owns the Coachella Valley Music and Arts Festival. 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. [50] He heads the Anschutz Foundation, and was listed 41st on the Forbes 400 list in October 2019, with a net worth of $11.5 billion. [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. In another effort to reduce the debt load, 30 million shares were offered in August 1993. For assistance, contact one of our team members below or complete this contact form. You want to own it. All rights reserved. * I understand and agree that registration on or use of this site constitutes agreement. None of the information on this page has been provided or approved by The Random Acts of Kindness Foundation. Environmental groups, preservationists, and ten Native American tribes appealed the decision without success.