Peter Karmanos Jr. is the cofounder of Detroit-based Compuware, once the largest computer technology company in the state. Lets test it out! [9] She was named by Michigan Governor Jennifer Granholm to serve on the Michigan Film Office Advisory Council in 2008. [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. 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. 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 . The media could not be loaded, either because the server or network failed or because the format . "His neighborhood buddies remember hanging around at Leonard's Pool Hall on Eight Mile near Lahser more than they remember going to class. Compuware raised $207 million, then, and $109 million in a second offering in June 1993. [4], In 2005, Karmanos founded Danialle Karmanos Work It Out (DKWIO). He was awarded $16.5 million last yearby an arbitration judgefrom Compuware for stock options that the company abruptly cancelledfollowing Karmanos'obscenity-laced criticisms of the firm'sboard members and its management at the time. Majority of Peters money comes from being a sports executive. [5] Karmanos retired from Compuware on March 31, 2013, but maintained a consultant role within the company. 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. 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. Peter Ranked on the checklist of hottest Sports Executive. As the Independent Director of Worthington Industries, the total compensation of Peter Karmanos at Worthington Industries is $233,268. 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. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. Use the 'Report' link on The dispute centers on Karmanos's will, which stands to give substantial amounts of money to his sons. Search Report. Peter Karmanos Jr. Age. Fact Check: We strive for accuracy and fairness. Peter Karmanos Jr. Is A Member Of . Peter's mailing address filed with the SEC is 233 PIERCE, , BIRMINGHAM, MI, 48009. Peter Karmanos, Jr. is chairman, CEO and co-founder of Compuware Corporation. As of 7 November 2017 he still owns at least 65,840 units of Worthington Industries stock. [3], Karmanos and her husband, Peter Karmanos Jr., established the Karmanos Center for Natural Birth at William Beaumont Hospital in Royal Oak, Michigan in 2015. Karmanos is also former owner of the Carolina Hurricanes of the National Hockey League, and was inducted into the Hockey Hall . They're creative thinkers, economic, cautitous and appreciate the arts, they can also be indecisive. 3. After what he describes as a long battle, Karmanos finally quit smoking with the help of Nicorette gum. "Considering that he has always bucked authority quitting the football team after a dispute over the length of his hair, refusing to cancel a vacation despite a boss' insistence it is ironic, then, that Peter Karmanos pool hustler, rebel, runaway, fighter, truant, occasional wearer of ponytails, despiser of rules and authority is the founder and CEO of Compuware Corp., a $300 million-a-year company with a reputation as one of the finest software and computer services companies in the world. Residents of 487 Arlington Str, Birmingham, MI 48009-1638 include Peter. Chinese Zodiac: Peter Karmanos Jr. was born in the Year of the Tiger. Peter weight Not Known & physique measurements will replace quickly. Suzanne, who died of cancer at age 36 . This includes extensive skill and background dealing with the growth, operation and management of a large public company as its co-founder and Chairman. Sergei Fedorov and Peter Karmanos, Jr., are two members of the Hockey Hall of Fame Class of 2015. Relocating a team would be cheaper for Quebecor, the telecommunications giant that hopes to bring the NHL back to Quebec City, than buying an expansion franchise. I can remember about 100 of them," Cumming told me. Special Features. Clerical/White Collar is listed as a current occupation. 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. Also ranked within the elit checklist of well-known celeb born in United States. He gave Pete a manual and hired him. Karmanos sold . Also listed as plaintiffs on the suit are Peter Karmanos III and Nick Karmanos. But he said Francis wanted to keep him, right until Karmanos sold to current owner Thomas Dundon in December . Compuware is one of the world's largest independent software vendors and professional services organizations. The Ontario Hockey League awarded an expansion franchise on December 11, 1989, to be known as the Detroit Compuware Ambassadors. Top 3 Results for Peter Karmanos. 5. The early 1940s were dominated by World War II. Walter A Brown Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Metro Detroit businessman Peter Karmanos Jr. is being sued by his three adult sons for $105 million, accusing him of failing to repay money used for his hockey team and other purposes to a . We'd love to hear eyewitness 327476, 327712). Please check the opt-in box to acknowledge that you would like to subscribe. Karmanos is the son of former Hurricanes owner Peter Karmanos, a longtime associate of Rutherford. The three sons are seeking nearly $105 million in the suit. The minimum age was 25 and he was 23. Peter Karmanos Jr. smokes an Ashton cigar at his Mad Dog Technology office in Birmingham. [20], She has been featured in Hour Magazine's Best-Dressed list. The Hurricanes went on to win the Stanley Cup in 2006, with Karmanos eagerly donning his skates, hoisting the Cup, and skating around with it briefly after the game seven win. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. 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. Select this result to view Peter Karmanos's phone number, address, and more. Relationships Record: We dont have any information of previous relationships for Peter Karmanos Jr.. You could assist us to construct the dating information for Peter Karmanos Jr.! 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. 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. Peter Karmanos Jr.s height Not obtainable right now. I got to know Pete well in 1993 and 1994, spending a lot of time with him and his colleagues, tracking down old friends and even his high school counselor for a cover story I wrote for a now defunct monthly publication called Corporate Detroit. The office is decorated more like a cozy apartment than a workspace, with plush furniture arranged around the boardroom and posters memorializing Karmanos many successes. "This is a family matter," the elder Karmanos said in a statement at the time of the firing. It created a lot of wealth for those smart enough to buy low and sell high. The 79-year-old sports executive was born in Michigan, United States. He and National Football League executive Jerry Jones both owned major athletic teams. In addition, he makes $233,268 as Independent Director at Worthington Industries. Age 48 Height . One day he thought she screwed up an order. I call it a dog-walker. In there now, he has about 10 Enchantments and a few My Father Flor de Las Antillas. Salman Bin Ibrahim Al Khalifa - Net Worth, Age, Height, Bio, Birthday, Wiki! 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 Most recently he sold 20,000 units of WOR stock worth $876,400 on 7 November 2017. In 2007, Karmanos was named to Crain's Detroit Business' "40 Under 40" list of young achievers in recognition of her career achievements. Peter Karmanos, Jr. is the majority owner and chief executive officer of the Carolina Hurricanes and Florida Everblades hockey franchises. The best result we found for your search is Peter Karmanos age 70s in Orchard Lake, MI. Like many famous people and celebrities, Peter Karmanos Jr. keeps his personal life private. He was perceptive. The two were hanging out, Karmanos recalls, when Rock asked Karmanos if he wanted a cigar. He, Tom Thewes and Allen Cutting each chipped in $3,000 to get the company off the ground. He was very aggressive and had a short fuse,' says an old friend. Also known as "boomers", are the result of the end of World War II, when birth rates across the world spiked. Wayne State University. William P. Peters, M.D., Ph.D., is recruited to head the Center. CelebsMoney has recently updated Peter Karmanos Jr.s net worth. Pisces is ruled by Neptune, the celestial body that governs creativity and dreams, and these ethereal fish adore exploring their boundless imaginations. 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. [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. I asked everyone that I work with if it is all right. [7] He has since opened a new computer firm, Mad Dog Technology. Peter Karmanos Jr.s source of wealth comes from being a sports executive. Peter Karmanos Jr. is a member of Richest Celebrities and Sports Executives. She is contributing on Top Celeb Info as a freelance writer. `He'd have to take off his glasses, then grope to figure out which guy he was supposed to fight. The education details are not available at this time. [7] She is the author of the hardcover book about her husband entitled, Pete Karmanos A Life in Progress. Lives in: Orchard Lake MI. And I make sure they arent just saying its all right because I am the boss. Peter Karmanos Jr.s mothers name is unknown at this time and his fathers name is under review. Mr. Karmanos owns over 20,000 units of Worthington Industries stock worth over $4,003,730 and over the last 19 years he sold WOR stock worth over $2,953,260. 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. Pete Karmanos borrowed millions of dollars from trusts, made up of Compuware stock, promised to his three sons, Peter the third, Nick and Jason. Danialle Karmanos (born May 10, 1973) is an American philanthropist, humanitarian, activist, and social entrepreneur. We will continue to update information on Peter Karmanos Jr.s parents. Avid hockey fan and CEO of the Compuware Corporation. Be Nice. 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 . Karmanos declined. He and National Football League executive Jerry Jones both owned major athletic teams. That was the last dispute mom and son had over an order. Hartford sold less than 11,000 season tickets for the 199596 NHL season and Karmanos announced the team would leave Hartford if the Whalers were unable to sell 11,000 season tickets for the 199697 season. 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. Its a pretty big kick to go out and have dinner and smoke cigars, he says. Occupation. Worthington Industries is a leading industrial manufacturing company delivering innovative solutions to customers that span many industries including transportation, construction, industrial, agriculture, retail and energy. Theycontend that their fatherstoppedmakingpayments nearlythreeyears agoon a $101-million promissory note to thestock partnership. Peter Karmanos Jr., Compuware Corp. co-founder. I said, Ill try that, and I really enjoyed the cigar. Background Report for Debra Glendening. He was born on 1966-01-30. 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 . Luck is on their side. Get an email notification whenever someone contributes to the discussion. Biography. Age 79 Nation USA . We know it. 2. Karmanos plans to keep smoking the Enchantment, with the occasional foray into another cigar. 4. At its height, Compuware's annual revenues totaled $2.2 billion (inflation . Peter Karmanos Jr. smokes an Ashton cigar during an interview on Wednesday, March 14 at his Mad Dog Technology office in Birmingham. A philanthropist in addition to a hockey staff proprietor, he donated to the Michigan Cancer Foundation, which was renamed the Barbara Ann Karmanos Cancer Institute in reminiscence of his first spouse. Peter Karmanos Jr. was born in in March 11, 1943. The lawsuit says Karmanos has previouslypledged the family stock partnership as collateral to help support theNHL hockey team that he owns, the CarolinaHurricanes. A box of those costs about $130. 5 Some Facts About Peter Karmanos, Jr. Related to: Laura A Karmanos, Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos. Salman Bin Ibrahim Al Khalifa Net Worth, Age, Height, Bio, Birthday, Wiki! AKA: K Peter, Peter A Karmanos, Peter Karmanos, Peter D Karmanos. 110 ben hill road rogersville, tn, undertale oc picrew,