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Peter Karmanos, Jr., donates $15 million to the Center, which is named for his wife, Barbara Ann, to become the Barbara Ann Karmanos Cancer Institute. Used to live: Orchard Lake MI, Bay Harbor MI, Petoskey MI, Birmingham MI. Karmanos attended Henry Ford High School and graduated from Wayne State University in 1973. . Peter Karmanos Jr. was born in 1940s. He got the job. Glenn Tasker Net Worth, Age, Height, Bio, Birthday, Wiki! Don't Threaten. Peter Karmanos Jr. shows off his humidor. 6. The education details are not available at this time. Peter has a graduation degree from high school. At its height, Compuware's annual revenues totaled $2.2 billion (inflation . DETAILS BELOW. How much money is Peter Karmanos Jr. worth at the age of 79 and what's his real net worth now? She disagreed. section: | slug: hurricanes-owner-peter-karmanos-sued-by-his-three-sons-for-105-million | sport: hockey | route: article_single.us | See Karmanos v Compuware Corp, unpublished per curiam opinion of the Court of Appeals, issued October 20, 2016 (Docket Nos. He was inducted into the United States Hockey Hall of Fame in 2013. Peter Karmanos Jr. celebrates birthday on March 11 of yearly. And I make sure they arent just saying its all right because I am the boss. The education details are not available at this time. It is so unusual these days, because you cant smoke anywhere else, he says of the Mad Dog Technology offices in Birmingham. That's going to be on Karmanos, who was just inducted into the Hockey Hall of Fame last fall, and his ability to find a partner that wants to keep the team where it is. Co-founder and former CEO and Chairman of Enterprise IT giant Compuware Corporation based in Detroit, Michigan. There are some that are just awful.. But his tastes arent too ritzy. [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. Sandy Alderson Net Worth 2023, Age, Height, Bio, Birthday, Wiki! He says the most expensive cigar he ever smoked was a Cuban that he found in the cigar room of a hotel in Switzerland. Select this result to view Peter Karmanos's phone number, address, and more. Use the 'Report' link on In addition, he makes $233,268 as Independent Director at Worthington Industries. Reporter: Covers banking, finance, technology, and 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. 6-keys: media/spln/nhl/reg/free/stories, By pressing sign up, I confirm that I have read and agree to the. Amember of the Hockey Hall of Fame, Karmanoslast year sold the Plymouth Whalers junior ice hockey teamas well as theformer Compuware Arena. 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 had executedtwo previous promissory notes tothe family stock partnership, one for $180 million in 1999 and another for $69.7 million in 2009. Peter Karmanos, Jr. is a famous people who is best known as a Ice Hockey Player. Deep down . They established a research fund to help others with cancer and to begin a legacy of research into creating more effective . Howie Roseman Net Worth 2023, Age, Height, Bio, Birthday, Wiki! I call it a dog-walker. Peter Karmanos Jr. is current Chairman at Maddog Professional Services, a high-tech venture capital firm. Today, he hasfour youngsons withhis third wife,Danialle Karmanos. 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 . Karmanos said he was prepared to fire Peters strictly for failing to make the playoffs. Peter Karmanos III was once thechief information officer at Compuware, according to his LinkedIn profile. Peter Karmanos Jr.'s age is 79. 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. Peter Karmanos Jr. is the minority owner and chief executive officer of the Carolina Hurricanes and Florida Everblades hockey franchises. He was joined in a three-man ownership group by Thomas Thewes, his longtime business partner, . On average, Worthington Industries executives and independent directors trade stock every 26 days with the average trade being worth of $1,490,143. The league's executive committee will reportedly meet Tuesday in New York to discuss the possibilities of expansion. Bettman even went as far to say that there Their preference would undoubtedly to be to keep the Hurricanes in Raleigh. Peter Karmanos Jr. smokes an Ashton cigar during an interview on Wednesday, March 14 at his Mad Dog Technology office in Birmingham. JUMP TO: Peter Karmanos Jr.s biography, facts, family, personal life, zodiac, videos, net worth, and popularity. Karmanos plans to keep smoking the Enchantment, with the occasional foray into another cigar. 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. Peter has made over 9 trades of the Worthington Industries stock since 2005, according to the Form 4 filled with the SEC. Most recently he sold 20,000 units of WOR stock worth $876,400 on 7 November 2017. The two were hanging out, Karmanos recalls, when Rock asked Karmanos if he wanted a cigar. He owned the Plymouth Whalers junior hockey club from its establishment in 1990 until 2015. 3 Peter Karmanos, Jr. : Age, Height & Weight; 4 Peter Karmanos, Jr. Dead or Alive? I said, Ill try that, and I really enjoyed the cigar. Last updated: 3 October 2022 at 12:03pm EST. They worked together for 19 years with Karmanos . Peter Karmanos, Jr. is the majority owner and chief executive officer of the Carolina Hurricanes and Florida Everblades hockey franchises. He and National Football League executive Jerry Jones both owned major athletic teams. She died of cancerin 1989 and becamethe namesake for the renownedMichigan-basedcancer institute. Compuware went public in December 1992 at $22 and was a high flier that more than doubled that price to $47 in the next 15 months. Peter Karmanos Jr. (l) receives his Hockey Hall of Fame blazer from the Chairman of the Hockey Hall of Fame Lanny McDonald prior to the Legends Classic game on November 8, 2015 at the Air Canada . It is strong, and I like a stronger cigar.. Karmanos bought the Hartford Whalers in 1994 and moved them to Raleigh in 1997, renaming them the . 3. The lawsuit was filed last weekby the stock partnershipagainst Karmanos, 73,in Oakland County Circuit Court. His buddies remember that even though he was a skinny kid wearing what they called Coke bottle glasses, he never backed down from a fight. PLEASE TURN OFF YOUR CAPS LOCK. On average, Peter trades about 1,107 units every 35 days since 2003. Peter Karmanos Jr. Net Worth Stats 2023 www.freep.com. For his day with the Cup, he brought it to Compuware headquarters in Detroit and allowed employees to get their photo taken individually with the Cup. Peter Ranked on the checklist of hottest Sports Executive. 5. You can see the complete history of Mr. Karmanos stock trades at the bottom of the page. Pisces effortlessly adapts to their surroundings. [14], From 2002 to 2005, Karmanos produced and directed concept car reveals for North American International Auto Show. Eliteprospects.com hockey player profile of Jason Karmanos, 1974-05-22 Orchard Lake, MI, USA USA. Karmanos retired the following year. Karmanos flips it open, revealing a crushed red felt interior, stocked with his go-to cigars. She is contributing on Top Celeb Info as a freelance writer. 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. Avid hockey fan and CEO of the Compuware Corporation. According to our evaluation, Wikipedia, Forbes & Business Insider, Peter Karmanos Jr.s net worth $5 Million. Gov. Did you know: Karmanos' other awards include the 1998 Lester Patrick Trophy for outstanding . We'd love to hear eyewitness Back the early 2,000 B.C. Peter is related to Peter Karmanos and Sophie Karmanos as well as 1 additional person. "And what is computer software except a binary-coded set of rigid rules performed in a hurry?". Age 48 Height . 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. each comment to let us know of abusive posts. The 79-year-old American sports executive has done well thus far. 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 Good cigar? I n a bright, airy, second-floor walkup overlooking Pierce Street in downtown Birmingham, Peter Karmanos Jr. is working on a second act he believes will be . Whos the richest Sports Executive in the world? While attending Fairlane Christian, she was honored by the Daughters of the American Revolution and Who's Who Among American High School Students for written essays. Like. 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. 7. Howard Winfree Net Worth 2023, Age, Height, Bio, Birthday, Wiki! He currently resides in Michigan, United States. So why is the expansion decision important to the Hurricanes? He used his fortune from the corporate to buy the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. [12][13] Connecticut's then-governor Lowell P. Weicker announced that Karmanos would be critical for the team to stay in Hartford. the outer planets, Uranus and Pluto, were not yet discovered, since the telescope had not yet been invented. NHL commissioner Gary Bettman said during his remarks, 2023 NHL trade deadline winners and losers, Bruins become fastest team to reach 100 points, NHL Star Power Index: Kane makes his Rangers debut, McDavid can join elite group with sixth multi-goal game, Bruins, Pastrnak agree to $90 million extension. 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. [8], Karmanos co-founded the Detroit Compuware Hockey organization in the late 1970s with Thewes. Karmanos is co-founder and former CEO and Chairman of Enterprise for software and IT giant, Compuware Corporation. 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 . Peter Karmanos Jr. Is A Member Of . Sports Executive #28. It cost about $120. Want to more about Him? After what he describes as a long battle, Karmanos finally quit smoking with the help of Nicorette gum. Chinese Zodiac: Peter Karmanos Jr. was born in the Year of the Tiger. Peter was born on 11 March, 1943 in Detroit. Peter Karmanos Jr. smokes an Ashton cigar at his Mad Dog Technology office in Birmingham. Some trust terms may even waive the duty of the trustee having to pay the money borrowed back. On January 11, 2018, it was announced that he had sold controlling interest in the Hurricanes to Thomas Dundon, while retaining a minority interest. View Details. 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. 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. "People should come in when they want to come in and go home when they want to go home and be adult enough to get their work done in between," said Karmanos. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes based Compuware. You can blame him fully, he jokes, referring to the rocker. He, Tom Thewes and Allen Cutting each chipped in $3,000 to get the company off the ground. The early 1940s were dominated by World War II. 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. View Details. As the Independent Director of Worthington Industries, the total compensation of Peter Karmanos at Worthington Industries is $233,268. Don't knowingly lie about anyone 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. Most Popular #152169. Suzanne, who died of cancer at age 36 . According to our information, Peter Karmanos Jr. married to Danialle Karmanos , Barbara Ann Karmanos. In addition, his skills and expertise in information technology bring valuable insight to the Board. Worthington's WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions. It created a lot of wealth for those smart enough to buy low and sell high. 1:26. Peter is a Pisces. Karmanos, the owner of the Carolina Hurricanes, said of Fedorov that it was "pretty obvious that . He served as Chairman of the Board, Chief Executive Officer and a director of Compuware Corporation from its founding until June 2011. . All rights reserved. Peter Karmanos Jr. net worth is $1.4 Billion in [year]. They've spent years supporting many critical institutions in our area but know the small business owners help keep the Motor . Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes founded Compuware. He and National Football League executive Jerry Jones both owned major athletic teams. Position: Majority owner Carolina Hurricanes. Peter Karmanos Jr. net worth and salary: Peter Karmanos Jr. is a Sports Executive who has a net worth of $1.4 billion. [5] Karmanos retired from Compuware on March 31, 2013, but maintained a consultant role within the company. There arent many people bustling around the office today, but Karmanos administrative assistant Jennifer Fournier smiles as he lights up another Enchantment. 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. Time's ticking for Chuck Greenberg to pony up to Peter Karmanos' asking price to purchase the Canes, and single-game tickets go on sale beginning August 22. Jason Karmanos was an assistant general manager for the NHL's Carolina Hurricanes. 4. 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. Please avoid obscene, vulgar, lewd, Born. The league's board of governors unanimously approved the transaction Wednesday. At the time, Pete was vice president of a Minneapolis-based company called Technalysis, running its Detroit office. Karmanos will never describe himself as a cigar expert or aficionado. [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. Its a really decent-smelling cigar. The walls are adorned with signed hockey jerseys and other sports memorabilia; pictures of his children; gifts and awards from various businesses and organizations; a beautiful poster commemorating the Stanley Cup won by his team, the Carolina Hurricanes, in 2006; a framed photo of Karmanos shaking hands with President Trump; and, of course, the cigar paraphernalia. Mr. Karmanos has a wealth of public company management and information technology experience. I asked everyone that I work with if it is all right. Avid hockey fan and CEO of the Compuware Corporation. So far no partner has been found and this lawsuit could potentially complicate those efforts further. CelebsMoney has recently updated Peter Karmanos Jr.s net worth. Mad Dog. Peter Karmanos Jr.s birth sign is Pisces and he has a ruling planet of Neptune. It's symbolized by two fish swimming in opposite directions, representing the constant division of Pisces's attention between fantasy and reality. As NHL commissioner Gary Bettman said during his remarks ahead of Game 1 of the Stanley Cup Final Monday, the Board may decide to approve expansion for one of or both of the prospective ownership groups, they could potentially defer expansion to a later date, or they could close the process with no new teams added. Be Truthful. The NHL is set to vote on whether or not to expand within weeks. 1. Annual payments of principal and interest were due in June 2014 and 2015; the lawsuit says Karmanos failed to make those payments, at which point the three sons called in the loan. Luck is on their side. person will not be tolerated. Compuware is one of the world's largest independent software vendors and professional services organizations. "Pretty soon I was the senior system analyst," Karmanos told me. Avid hockey fan and CEO of the Compuware Corporation. By the time I was halfway through college, I was making more than a high school teacher.". During his player career, Jason spent four years with Harvard University (1992-1996) and played for the United States at . A box of 22 can be purchased online for about $260. Karmanos also sponsors youth hockey programs in Michigan. Thethree sons in the partnership arePeter Karmanos III, Nick Karmanosand Jason Karmanos, who are from Karmanos' first marriage to Barbara Ann Karmanos. It lasts about 30 minutes of steady smoke, and you dont have to smoke it all day long. It is because of this that his sons called in the lawsuit. Homes - Celebrity - Business, Homes - Celebrity - Sports - Ice Hockey. [20], She has been featured in Hour Magazine's Best-Dressed list. I didnt inhale it, and I got a little buzz from it. Peter Karmanos Jr.s source of wealth comes from being a sports executive. 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. As per public useful resource, IMDb & Wikipedia, Peter Karmanos Jr.s ethnicity is Not Known. He and National Football League executive Jerry Jones both owned major athletic teams. I can remember about 100 of them," Cumming told me. Karmanos thereafter sued Compuware for conversion, breach of contract, and unjust enrichment, and was awarded $16.5 million in arbitration. Peter Karmanos Jr. Age. 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.! Mr. Karmanos is a Partner in MadDog Technology, LLC, a privately-held company that specializes in advanced technology and mobile device development. What makes this important in the bigger picture is the timing of it all. The company is still appealing the award. has lived in Birmingham, MI Bay Harbor, MI Petoskey, MI Naples, FL Orchard Lake, MI Oakland, MI Cherry Hill, NJ . Pete bragged to everyone that came in about how good the omelettes were looking that day. With a Crains Detroit Subscription you get exclusive access, insights and experiences to help you succeed in business. Early life. If you see something that doesnt look right, contact us. [16], Karmanos' Gale Force Holdings has a subsidiary dedicated to the NHL, Hurricanes Holdings, LLC, which includes the Hurricanes and their stadium, PNC Arena. Grandchildren : Ella Karmanos, Lila Karmanos, Anna Karmanos, Kayla Karmanos, Jason Karmanos, Aristides Karmanos, Spiros Karmanos, MORE. Kevin O'Shea, attorney for Peter Karmanos Jr.,said there would beno comment for this article. Pisces, a water sign, is the last constellation of the zodiac. The stock price got as high as $79.81 in 1999 at the peak of the Y2K boom in IT before a two-for-one stock split. [11], Karmanos, his Compuware partner Thewes, and former player Jim Rutherford purchased the Hartford Whalers in 1994, for $47.5 million. [7] He has since opened a new computer firm, Mad Dog Technology. Gary Bettman Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Age in 2025 is 82 years old . Eliteprospects.com staff profile of Peter Karmanos, 1943-03-11 Detroit, MI, USA USA. Just before Pete left for the UP, his boss strongly suggested that because of flat sales, he should cancel his trip. Age Range: 57 to 74; Background search with BeenVerified. 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. Its a pretty big kick to go out and have dinner and smoke cigars, he says. Karmanos, Brush . [3] Soon after leaving college he founded software company Compuware with two partners, Thomas Thewes and Allen Cutting. Karmanos' desire to sell has fanned the flames of relocation speculation over the last two years. Be Nice. Karmanos attended Fairlane Christian High School in Dearborn Heights, Michigan before graduating from Dearborn High School. I would have bet on it. Enjoy unlimited articles at one of our lowest prices ever. Staying current is easy with Crains news delivered straight to your inbox. There's no allegation that Karmanos failed to meet the terms of the loans from the trust until 2013, after he borrowed $104.3 million that he agreed to repay by 2022. In a struggling Canadian economy, that's enticing. 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. 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. 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. 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? The day in 1994 when Gov. On June 7, 2011, Karmanos announced that he will relinquish the CEO position on June 20 to become executive chairman.