View Details. "Pretty soon I was the senior system analyst," Karmanos told me. Tweet. Earlier this month, Rutherford suggested change was possible with regards to the front office. Avid hockey fan and CEO of the Compuware Corporation. Peter was born on 11 March, 1943 in Detroit. They established a research fund to help others with cancer and to begin a legacy of research into creating more effective . Peter Karmanos Jr. nickname is Peter. Enjoy unlimited articles at one of our lowest prices ever. Karmanos, 74, as the chairman and chief executive of Compuware, was a director of the offshore subsidiary. Laura A Karmanos, N A Karmanos, and five other persons are also associated with this address. [18], In 2018, Karmanos received an honorary Doctor of Humane Letters degree from Hellenic American University. You have permission to edit this article. [5] Karmanos retired from Compuware on March 31, 2013, but maintained a consultant role within the company. Peter Karmanos Jr. was born in 1940s. You can also find out who is Peter Karmanos Jr. dating now and celebrity dating histories at CelebsCouples. It is strong, and I like a stronger cigar.. Peter Karmanos Jr. age in 2022 is - 79 years old. Born. "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. Threats of harming another . 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. or anything. 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. Like. 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. 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. Don't knowingly lie about anyone Peter Karmanos Jr. 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 trusts are valued at over $100 million, but . Former owner of the Carolina Hurricanes. 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. Julie Karmanos, 56 Nicodemus Karmanos, 54 Peter Karmanos. "I always took a two-week vacation in August, come hell or high water," said Karmanos, who, ticked off at the pressure, decided to strike out on his own. He owned the Plymouth Whalers junior hockey club from its establishment in 1990 until 2015. Theycontend that their fatherstoppedmakingpayments nearlythreeyears agoon a $101-million promissory note to thestock partnership. 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. [1][2], Since 2017, Karmanos has served on the board of trustees at Detroit Country Day School, a K-12 college preparatory school located in Oakland County, Michigan. [23], "SC: The Cuddlers offer babies healing power of touch", "How a Detroit Mom's Experience in the Hospital with Her Son Created a Movement - The Pappas Post", "Detroit Country Day School: Meet Our Community", "Karmanos donation creates a peaceful place to be born", "Danialle And Peter Karmanos: $1 Million Gift To College For Creative Studies in Detroit - The Pappas Post", "Danialle Karmanos pens book about husband Pete", "Danialle Karmanos to depart Wayne State board", "Michigan Film Office 2009 Annual Report", "CCS dedicates the Danialle and Peter Karmanos, Jr Graphic Design Studios", "2014-2015 Michigan Opera Theatre Board of Directors", "A. Alfred Taubman Medical Research Institute", "Leadership - Girl Scouts of Southeastern Michigan", "Wayne State Alumna Gifts $100,000 to Journalism Program", "Detroit Philanthropist Danialle Karmanos' Inspirational Words to Graduating Class at Hellenic American University in Athens", "Crain's 40 Under 40 2007 - Danialle Karmanos", "Karmanos Cancer Institute 20th Annual Partners Events honor Danialle and Peter Karmanos, Jr", "Peter Karmanos, Jr. on his support for Detroit & Duggan", https://en.wikipedia.org/w/index.php?title=Danialle_Karmanos&oldid=1136115127, This page was last edited on 28 January 2023, at 20:34. Jun 30, 2015 at 5:59 pm. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes founded Compuware. Peter Karmanos, Jr. is a famous people who is best known as a Ice Hockey Player. Karmanos attended Fairlane Christian High School in Dearborn Heights, Michigan before graduating from Dearborn High School. 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. Peter Karmanos Jr. was born in Michigan, United States on Thursday, March 11, 1943 (Baby Boomers Generation). He and National Football League executive Jerry Jones both owned major athletic teams. Luke DeCock of the Raleigh News & Observer had more on why Karmanos still owes his sons money: The lawsuit says that starting in 1999, two years after he moved the Hurricanes to North Carolina from Hartford, Conn., Karmanos borrowed more than $353 million from the trust as well as using the trust as collateral for "loans and advances from various banks and the NHL" to "support the Hurricanes" from 2000 to 2013. During his player career, Jason spent four years with Harvard University (1992-1996) and played for the United States at . Homes - Celebrity - Business, Homes - Celebrity - Sports - Ice Hockey. Used to live: Orchard Lake MI, Bay Harbor MI, Petoskey MI, Birmingham MI. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes based Compuware. [16], Karmanos was an auto show narrator for Acura from 1997 to 1999 and Chrysler Corporation from 1999 to 2002.[17]. . There are challenges, but the team does seem to be on the upswing after an improved 2015-16 season. [3] Last updated: 3 October 2022 at 12:03pm EST. 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. How much money is Peter Karmanos Jr. worth at the age of 79 and what's his real net worth now? The attorney representing the three adult sons and the stock partnership did not return messages. Contact JC Reindl: 313-222-6631 or jcreindl@freepress.com. ,. That friend? Howard Winfree Net Worth 2023, Age, Height, Bio, Birthday, Wiki! He served as Chairman of the Board, Chief Executive Officer and a director of Compuware Corporation from its founding until June 2011. The the CEO of Compuware Corporation and owner of the Carolina Hurricanes lives here. While its relatively simple to predict his income, its harder to know how much Peter has spent over the years. Related to: Laura A Karmanos, Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos. This includes extensive skill and background dealing with the growth, operation and management of a large public company as its co-founder and Chairman. Peter Ranked on the checklist of hottest Sports Executive. The 40s also brought us the Slinky, Velcro, Jeep, Tupperware and Frisbee. Orchard Lake, Michigan (MI), US. . Peter Karmanos Jr. was born in March 11, 1943. A box of 22 can be purchased online for about $260. 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. Please check the opt-in box to acknowledge that you would like to subscribe. It lasts about 30 minutes of steady smoke, and you dont have to smoke it all day long. So we should know within the next 20 days what is going to happen officially. Back the early 2,000 B.C. ", "I had 4,000 students during my career. Peter Karmanos Jr. net worth and salary: Peter Karmanos Jr. is a Sports Executive who has a net worth of $1.4 billion. He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. [7] She is the author of the hardcover book about her husband entitled, Pete Karmanos A Life in Progress. According to our evaluation, Wikipedia, Forbes & Business Insider, Peter Karmanos Jr.s net worth $5 Million. Pete Karmanos borrowed millions of dollars from trusts, made up of Compuware stock, promised to his three sons, Peter the third, Nick and Jason. Peter Karmanos Jr. smokes an Ashton cigar during an interview on Wednesday, March 14 at his Mad Dog Technology office in Birmingham. "And what is computer software except a binary-coded set of rigid rules performed in a hurry?". Avid hockey fan and CEO of the Compuware Corporation. In addition, he makes $233,268 as Independent Director at Worthington Industries. Get an email notification whenever someone contributes to the discussion. 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. Peter Karmanos Jr.s source of wealth comes from being a sports executive. What makes this important in the bigger picture is the timing of it all. 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. You can blame him fully, he jokes, referring to the rocker. That is a neat place, and they have great food. 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. When asked what he looks for in a good cigar, he chuckles. 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. I call it a dog-walker. Peter Karmanos Jr. smokes an Ashton cigar at his Mad Dog Technology office in Birmingham. The Barbados company was dissolved in September 2011. All of these attributes make him well qualified to continue to serve on the Board. Peter Karmanos Jr. is a Sports Executive who was born on March 11, 1943 in United States. But he said Francis wanted to keep him, right until Karmanos sold to current owner Thomas Dundon in December . Age Range: 57 to 74; Background search with BeenVerified. Avid hockey fan and CEO of the Compuware . At its height, Compuware's annual revenues totaled $2.2 billion (inflation . It's symbolized by two fish swimming in opposite directions, representing the constant division of Pisces's attention between fantasy and reality. In 2007, Karmanos was named to Crain's Detroit Business' "40 Under 40" list of young achievers in recognition of her career achievements. I said, Ill try that, and I really enjoyed the cigar. 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. He was perceptive. MORE: The NHL is political, whether you like it or not Suzanne, who died of cancer at age 36 . On June 7, 2011, Karmanos announced that he will relinquish the CEO position on June 20 to become executive chairman. Peter is related to Peter Karmanos and Sophie Karmanos as well as 1 additional person. Peter weight Not Known & physique measurements will replace quickly. The estimated Net Worth of Peter Karmanos is at least $7.1 Million dollars as of 7 November 2017. 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 . In 1972 while sitting at a lake in the Upper Peninsula, Karmanos decided to start his own company. Staying current is easy with Crains news delivered straight to your inbox. He once incited a mini-brawl by challenging an economics teacher to a fight, and thereafter was banned from the school cafeteria. The best result we found for your search is Peter Karmanos age 70s in Orchard Lake, MI. He served as their principal owner from 1994 (when the Hurricanes were the Hartford Whalers) to 2018. Karmanos, the owner of the Carolina Hurricanes, said of Fedorov that it was "pretty obvious that . He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. As the Independent Director of Worthington Industries, the total compensation of Peter Karmanos at Worthington Industries is $233,268. In a struggling Canadian economy, that's enticing. He used his fortune from the corporate to buy the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. He gently stubs it out as he hangs up the phone. I am not going to be able to help you very much I just smoke them, he says. Former CEO of Compuware Corporation. 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. Most recently he sold 20,000 units of WOR stock worth $876,400 on 7 November 2017. Nick Karmanos is anexecutive at the Barbara Ann Karmanos Cancer Institute. But his tastes arent too ritzy. 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. Karmanos in 2021. person will not be tolerated. Age in 2024 is 81 years old. Karmanos has . Andrew Norriss Net Worth 2023, Age, Height, Bio, Birthday, Wiki! Majority of Peters money comes from being a sports executive. Vintage cigar posters cover the walls, and an ashtray sits on the desk. In addition to three children with Barbara, Karmanos has four others with current wife Danialle, and nine grandchildren. Peter Karmanos Jr.s birth sign is Pisces and he has a ruling planet of Neptune. Co-founder and former CEO and Chairman of Enterprise IT giant Compuware Corporation based in Detroit, Michigan. Birthday March Mar 11, 1943 Birthplace Michigan . AKA: K Peter, Peter A Karmanos, Peter Karmanos, Peter D Karmanos. Follow him on Twitter@JCReindl. Birth Sign Pisces. [fetch instagram= display=posts show=2 ]. He says the most expensive cigar he ever smoked was a Cuban that he found in the cigar room of a hotel in Switzerland. By Brian LeBlanc @bdleblanc Aug 2 . He gave Pete a manual and hired him. 6. Without future ado, let's learn more about Peter Karmanos Jr.. Tom Dundon is now sole owner of the Carolina Hurricanes after buying out the remaining shares of the NHL club held by Peter Karmanos and others. Peter McLaughlin (D) 1992-1996: 4: Harvard Univ. Karmanos and his wife Danialle recently donated $100,000 to the fund. The Company's brands, primarily sold in retail stores, include Coleman, Bernzomatic, Balloon Time, Mag Torch, Well-X-Trol, General, Garden-Weasel, Pactool International and Hawkeye. The case is now in Oakland County Circuit Court. Mad Dog. He got the job. Karmanos is also former owner of the Carolina Hurricanes of the National Hockey League, and was inducted into the Hockey Hall . Thepartnership filed itslawsuit two days after themissed deadline. Peter Karmanos Jr. is a member of Richest Celebrities and Sports Executives. They're creative thinkers, economic, cautitous and appreciate the arts, they can also be indecisive. 3. Karmanos will never describe himself as a cigar expert or aficionado. 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. Peter Karmanos Jr. Compuware is one of the world's largest independent software vendors and professional services organizations. . And I make sure they arent just saying its all right because I am the boss. racist or sexually-oriented language. His cigar of choice has been the Ashton Virgin Sun Grown Enchantment for about a decade. . Reporter: Covers banking, finance, technology, and At the same time, it built a day-care center that employees with young children could use for free. JUMP TO: Peter Karmanos Jr.s biography, facts, family, personal life, zodiac, videos, net worth, and popularity. 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. Pisces effortlessly adapts to their surroundings. Beyond the attention grabber that is three sons suing their father over trust funds, the other important note is that it is alleged the money was borrowed to help support the Hurricanes. 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 . [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. Jason Karmanos was an assistant general manager for the NHL's Carolina Hurricanes. Peter Karmanos' first foray into hockey franchise ownership occurred in 1984. Grandchildren : Ella Karmanos, Lila Karmanos, Anna Karmanos, Kayla Karmanos, Jason Karmanos, Aristides Karmanos, Spiros Karmanos, MORE. The Flor de Las Antillas is more of a commitment, and Karmanos will smoke one if he has more time to kick back, relax and puff. Sports Executive #28. John G. Rowland held open the door for him as he left. 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 . 1995. He was very aggressive and had a short fuse,' says an old friend. [4], In 2005, Karmanos founded Danialle Karmanos Work It Out (DKWIO). Known for. Keep it Clean. Please test the article once more after few days. 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. 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. . Residents of 487 Arlington Str, Birmingham, MI 48009-1638 include Peter. The problem? Like many famous people and celebrities, Peter Karmanos Jr. keeps his personal life private. His son Jason Karmanosheld the job ofassistantgeneral manager for the Hurricanes until 2013, when the team fired him. Fact Check: We strive for accuracy and fairness. So far no partner has been found and this lawsuit could potentially complicate those efforts further.

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