We will replace Peter Karmanos Jr.s religion & political opinions on this article. has lived in Birmingham, MI Bay Harbor, MI Petoskey, MI Naples, FL Orchard Lake, MI Oakland, MI Cherry Hill, NJ . The estimated Net Worth of Peter Karmanos is at least $7.19 Million dollars as of 7 November 2017. William P. Peters, M.D., Ph.D., is recruited to head the Center. By contrast, Microsoft raised $58 million when it went public in 1986. [4], In 2005, Karmanos founded Danialle Karmanos Work It Out (DKWIO). Peter has a graduation degree from high school. Its a really decent-smelling cigar. He is 79 years old and is a Pisces. 1. If the NHL isn't ready to expand by two teams, and most seem to believe that Las Vegas is more likely than Quebec City to get the green light, that could leave a deep-pocketed prospective ownership group available as a potential buyer. Used to live: Orchard Lake MI, Bay Harbor MI, Petoskey MI, Birmingham MI. That's only speculative at this point, though, because the NHL always views relocation as the last possible resort. Karmanos, the owner of the Carolina Hurricanes, said of Fedorov that it was "pretty obvious that . The the CEO of Compuware Corporation and owner of the Carolina Hurricanes lives here. Once more details are available on who he is dating, we will update this section. As Cumming recounted to me years later, he gave them to Pete and told him: "I didn't want you getting kicked out of school, but I don't want you to think I'm an idiot, either. The holdings also included the Hurricanes's former ECHL affiliate Florida Everblades, along with stadium Germain Arena until 2019 when they both were sold to Naples businessman David Hoffmann. 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. At the same time, it built a day-care center that employees with young children could use for free. A product of the Dominican Republic, the Enchantment is, according to the online retailer Famous Smoke Shop, a fairly difficult cigar to obtain because it is wildly popular among cigar collectors. The education details are not available at this time. He was inducted into the United States Hockey Hall of Fame in 2013. Peter Karmanos, Jr. is chairman, CEO and co-founder of Compuware Corporation. Share. Theycontend that their fatherstoppedmakingpayments nearlythreeyears agoon a $101-million promissory note to thestock partnership. In there now, he has about 10 Enchantments and a few My Father Flor de Las Antillas. Pete Karmanos borrowed millions of dollars from trusts, made up of Compuware stock, promised to his three sons, Peter the third, Nick and Jason. The two were hanging out, Karmanos recalls, when Rock asked Karmanos if he wanted a cigar. 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 . It's hard to know Peter Karmanos Jr. birth time, but we do know his mother gave birth to his on a Thursday. 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. Karmanos started smoking cigarettes when he was 13 and, by the time he was 30, had developed a three-pack-a-day habit. 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. Age Range: 57 to 74; Background search with BeenVerified. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. each comment to let us know of abusive posts. Last updated: 3 October 2022 at 12:03pm EST. Peter Karmanos Age 57. 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. 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 . Like many famous people and celebrities, Peter Karmanos Jr. keeps his personal life private. 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. 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. 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. The team later became the Detroit Junior Red Wings, Detroit Whalers and then Plymouth Whalers following a relocation to nearby Plymouth. Peter Karmanos Jr. is part of the Baby boomers generation. It is because of this that his sons called in the lawsuit. Most Popular #152169. Background Report for Debra Glendening. When asked what he looks for in a good cigar, he chuckles. 2. Keep it Clean. Karmanos Jr. was born in Detroit, the oldest of three children of a Greek immigrant family who owned a small restaurant in Detroit. Most Popular #152169. 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. The first time I had one of these, I said, Oh, I like this, Karmanos says. [4] Karmanos served as Compuware's CEO until June 20, 2011, when he became executive chairman. All of these attributes make him well qualified to continue to serve on the Board. The honorees for this year's Partners Events are Danialle and Peter Karmanos Jr. [18], In 2018, Karmanos received an honorary Doctor of Humane Letters degree from Hellenic American University. Peter's mailing address filed with the SEC is 233 PIERCE, , BIRMINGHAM, MI, 48009. Kid Rock, whom Karmanos affectionately calls Bobby. 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. 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. 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 . If you think Peter Karmanos's age is not correct, please leave a comment about Peter Karmanos's real age and Peter Karmanos's actual birthday below. Sports Executive #28. . Former owner of the Carolina Hurricanes. Karmanos also sponsors youth hockey programs in Michigan. Andrew Norriss Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Tweet. Peter Karmanos Jr. was born in in March 11, 1943. No, he says, and chuckles at the thought. View Details. 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. You could taste the difference? I asked in return. . `I loved snooker. So why is the expansion decision important to the Hurricanes? When is Peter Karmanos Jr.s birthday? DETAILS BELOW. 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 . How much money is Peter Karmanos Jr. worth at the age of 79 and whats his real net worth now? Vintage cigar posters cover the walls, and an ashtray sits on the desk. She worked at Mechanical Mailing in the old Packard plant in Detroit, and he borrowed her car one day, returning before she got off work. Lives in: Orchard Lake MI. Search Report. racist or sexually-oriented language. 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. In addition, he makes $233,268 as Independent Director at Worthington Industries. 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? He is best known for being a Sports Executive. "No one should have that power over someone.". A cigar-themed poster decorates Peter Karmanos Jr.s Mad Dog Technology office. Karmanos and his wife Danialle recently donated $100,000 to the fund. The organization has included all levels of hockey from recreational to youth AAA and junior A. 4. Peter Karmanos Jr.'s age is 79. Following the end of the war, it was the start of the Baby Boomer years and technology advancements such as the jet engine, nuclear fusion, radar, rocket technology and others later became the starting points for Space Exploration and Improved Air Travel. Fact Check: We strive for accuracy and fairness. Astrologers and astronomers could only work with planets visible to the eye. Karmanos, who says his arena deal is ``bountiful'' compared to Connecticut's last offer, jilted Whalers fans. Avid hockey fan and CEO of the Compuware Corporation. [21], In addition to DKWIO and the Karmanos Center for Natural Childbirth, Karmanos and her husband have provided significant financial support to the Karmanos Cancer Institute in Detroit,[22] Wayne State University's journalism program, the College for Creative Studies, the Detroit Zoo, Alzheimer's Association, Michigan Humane Society, Dutch Symphony Orchestra, Grace Centers of Hope, Girl Scouts of the USA and the Greek America Foundation. On June 7, 2011, Karmanos announced that he will relinquish the CEO position on June 20 to become executive chairman. Just before Pete left for the UP, his boss strongly suggested that because of flat sales, he should cancel his trip. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. [fetch instagram= display=posts show=2 ]. . People of this zodiac sign like romance, to sleep, spiritual themes and dislike the know-it-all, to be criticized, and cruelty of any kind. Highlights 1 1 1 . 2004-2023 CBS Interactive. But his tastes arent too ritzy. Forgotten in light of takeover battles for the company and long-time criticisms that it has been an underperformer with a languishing share price the stock opened Wednesday at $12.47 is how much money Compuware made for many local investors in the 1990s. Biography. Without future ado, let's learn more about Peter Karmanos Jr.. That is one reason I smoke this cigar, he says, when I mention the pleasant aroma filling the office. And I make sure they arent just saying its all right because I am the boss. Jun 30, 2015 at 5:59 pm. 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. AKA: Danialle Karmanos Related to: Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos, Nicodemus A Karmanos. Peter Karmanos Jr. donated $15 million . That friend? Peter Karmanos Jr. Jason Karmanos was an assistant general manager for the NHL's Carolina Hurricanes. Sergei Fedorov and Peter Karmanos, Jr., are two members of the Hockey Hall of Fame Class of 2015. They worked together for 19 years with Karmanos . at "His neighborhood buddies remember hanging around at Leonard's Pool Hall on Eight Mile near Lahser more than they remember going to class. He served as their principal owner from 1994 (when the Hurricanes were the Hartford Whalers) to 2018. At its height, Compuware's annual revenues totaled $2.2 billion (inflation . Former CEO of Compuware Corporation. Online estimates of Peter Karmanos Jr.s net worth vary. Hockey Hall of Fame, 2015. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes founded Compuware. Please check back soon for updates. Whos the richest Sports Executive in the world? It lasts about 30 minutes of steady smoke, and you dont have to smoke it all day long. Weicker later became a member of the Compuware Board of Directors. Peter Karmanos Jr. These hippie kids protested against the Vietnam War and participated in the civil rights movement. He serves as a director for the Barbara Ann Karmanos Cancer Institute, Detroit Renaissance, and New Detroit Coalition, and on the Board of Governors for the National Hockey League. Mr. Karmanos has the entrepreneurial spirit that built a billion-dollar company from a start-up and the business acumen of the Chairman and Chief Executive Officer of an S&P 500 corporation. Peter Karmanos Jr. shows off his humidor. The lawsuit doesn't specifyhow much money or stock is left inthe partnership, but it says thevalue once exceeded $100 million. They established a research fund to help others with cancer and to begin a legacy of research into creating more effective . The two were hanging out, Karmanos recalls, when Rock asked Karmanos if he wanted a cigar. [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. Each trust is specific, unique, and set up accordingly for the grantor and the beneficiaries. Karmanos declined. [16], Karmanos was an auto show narrator for Acura from 1997 to 1999 and Chrysler Corporation from 1999 to 2002.[17]. Laura A Karmanos, N A Karmanos, and five other persons are also associated with this address. The 79-year-old sports executive was born in Michigan, United States. The most active insiders traders include Mark A Russell, John P/Oh Mcconnell, and John H Mcconnell. At the time, Pete was vice president of a Minneapolis-based company called Technalysis, running its Detroit office. After what he describes as a long battle, Karmanos finally quit smoking with the help of Nicorette gum. Karmanos will never describe himself as a cigar expert or aficionado. "Pete Karmanos was the kind of kid who would run away from home and hitchhike to Pennsylvania because his parents wouldn't let him transfer from Cass Tech to the school near his home. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. Back the early 2,000 B.C. Peter Karmanos has been a passionate builder and supporter of hockey at all levels of the game in the United States for more than five decades. As a result, Karmanos is still reviled by many people in Connecticut. All employees had unlimited sick days each year, and no boss had the unilateral right to fire anyone. Althoughthe lawsuit says that the missed payments equal $4.3 million, the lawsuit claimsthat theentireprincipal and interest $105.6 million is now duebecause of thedefault. Dia Smith is a literary journalist whose stories on human behavior and public policy have appeared in Time, The Atlantic, and Slate and helped Time win two National Magazine Awards. Follow him on Twitter@JCReindl. Shortly after graduating from Wayne State University, he, Allen . The estimated Net Worth of Peter Karmanos is at least $7.1 Million dollars as of 7 November 2017. Peter Karmanos Age: 54. He was perceptive. The three sons are seeking nearly $105 million in the suit. As per public useful resource, IMDb & Wikipedia, Peter Karmanos Jr.s ethnicity is Not Known. You have permission to edit this article. Notifications from this discussion will be disabled. Following 40 years at Compuware Corp., Peter Karmanos Jr. with a group of 25 technologists is out to revolutionize the $700-billion commercial automations systems industry. Age in 2025 is 82 years old . Want to more about Him? Bettman even went as far to say that there Their preference would undoubtedly to be to keep the Hurricanes in Raleigh. Gov. 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. [4] In 2015, Karmanos sold the Whalers to the owners of Flint's Perani Arena and Event Center, and the franchise was renamed Flint Firebirds. [15] In 2006, she wrote, co-produced, and directed the award-winning "I Am Detroit" for Compuware Corporation. Karmanos thereafter sued Compuware for conversion, breach of contract, and unjust enrichment, and was awarded $16.5 million in arbitration. 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. [4] He was inducted to the Hockey Hall of Fame in the Builder Category in 2015.[18]. [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.
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