This heavy debt load, coupled with competition from the Union Pacific line and several lost coal-hauling accounts, led to an approximate revenue loss of 20 percent over the first four years under Anschutz and a net loss of $1.8 million over an 11-month period in 1987 and 1988. Prior to CU Innovations, Still, that the offering was successful at all was attributed by many to the hiring of Moyers. In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. He is also the namesake of CU Anschutz, the medical campus of the University of Colorado. Chief Information Officer (CIO) Dec 2019 - Present3 years 3 months. The proposed merger elicited immediate opposition from government officials and Santa Fe's competition, and with the added impetus of pressure from Anschutz, whom Forbes called 'politically influential,' the Interstate Commerce Commission (ICC) in 1987 blocked the Santa Fe-SP merger as anticompetitive. . The company behind TransWest, Anschutz Corporation, amassed a fortune in the 20th century in the oil-rich shale deposits of Wyoming. The Anschutz Corporation employs 8 employees. With the merger of the Southern Pacific and Union Pacific Corporation in September 1996, Anschutz became Vice-Chairman of Union Pacific. Emily has worked on the Anschutz Medical Campus for over 7 years in the Department of Emergency Medicine and the Department of Pediatrics, performing clinical operations and medical education program management. 6312 Fiddlers Green Circle | Suite 600 North Greenwood Village, Colorado 80111 | 303-600-3400. Anschutz was also attempting to leverage the real estate holdings of Southern Pacific by developing some of the land rather than selling it to other developers. Anschutz also owned 30 acres of land around the arena that he planned to develop into a vast entertainment complex with hotels, restaurants, theaters, and offices. He was also a director of Forest Oil Corporation beginning in 1995. St. James Press, 2001. to joining the CU Innovations team, Doreen was a licensing coordinator at the National Renewable Energy Laboratory, where she focused on the active marketing of technologies and management of NRELs diverse software portfolio. CU Innovations specializes in commercializing technology, developing ventures, and building business partnerships. Anschutz is the principal owner of the Los Angeles Kings and a minority owner of the Los Angeles Lakers. Meanwhile, Anschutz began his move into the sports world in 1995 when he teamed with Los Angeles developer Edward Roski, Jr., to buy the Los Angeles Kings hockey team for $114 million. Raja Krishnan is a Senior Business Development Manager at CU Innovations. Establish meaningful relationships across the executive teams and Board of Directors to champion . She holds a Bachelor of Arts degree from the Emory University and graduated University of Colorado Law School. In 1998 the company became the number four long distance company in the United States through a $4.4 billion stock-swap purchase of LCI International. Executive Vice President and Chief Mission Integration Officer, Ascension. Not surprisingly, then, the Southern Pacific and Union Pacific entered into what turned out to be lengthy discussions about a merger. Anschutz attempted to build Forest Oil into a major independent oil company through mergers and acquisitions. Power Company of Wyoming LLC is a wholly owned affiliate of The Anschutz Corporation, a privately held company based in Denver. Maryland. [48][49], Anschutz is an active philanthropist. This produced his first fortune in the oil business. In this role, his primary responsibility is to help build partnerships/collaborations between academic researchers and industry in the areas of clinical trials, [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. The $1.4 billion figure was an astounding gain on what had essentially been Anschutz's initial cash investment (in the Denver & Rio Grande Railroad) of $90 million. 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. The Rio Grande's small size and its position as a bridge carrier (providing connections between other rail lines) led Anschutz to pursue the acquisition of the railroad giant Southern Pacific (SP) in an attempt to save the much smaller Rio Grande. 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. While at UK, Raja planned and moderated a five-part Drug Repurposing short course webinar series, which brought together various experts from across the US and Europe as guest speakers. Instead, he expanded his holdings of what became known as the Overthrust Belt, acquiring leases on ten million acres. SellerChristy . RANDY KREHBIEL World Staff Writer. 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. Richard joined the Office of University Counsel in 2022 with a primary focus on supporting CU Innovations in the commercialization of innovative technologies. In those roles, Raja led the development and launch of multiple commercial Tulsa. 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. Fred Anschutz and Philip Anschutz founded The Random Acts of Kindness Foundation. The Anschutz Corporation Address: 555 17th Street, Suite 2400 Denver, Colorado 80202 U.S.A. Telephone: (303) 298-1000 Fax: (303) 298-8881 Statistics: Private Company Incorporated: 1958 NAIC: 551112 Offices of Other Holding Companies Key Dates: 1958: The Anschutz Corporation is founded by Fred Anschutz, an oil wildcatter. Anschutz had to overcome a major hurdle to achieve his objective of solidifying his railroad holdings. Josh Eidelson, "Walmart, Right-Wing Media Company Hold Star-Studded Benefit Promoting Education Reform Film" In These Times, August 13, 2012, United States. Founded in 1965, The Anschutz Company is an oil and gas company that has projects in the Powder River and Washakie Basins of Wyoming, the Piceance and DJ Basins of Colorado, and the Unita Basin of Utah. for Regenerative Medicine as Director of Intellectual Property, and she continues to support the Gates Center as Entrepreneur in Residence. Anschutz hired Moyers as chief executive, and Moyers immediately focused on Southern Pacific's operating ratio, which stood at 96.5 percent in 1993. Amid speculation that he would be better off breaking up SP and selling it piecemeal (Krebs of the Santa Fe still coveted much of the SP line and approached Anschutz about a deal several times without success), Anschutz told Forbes: 'I said in my original ICC filing that we would turn this railroad around; I'm in it for the long haul.' Project purpose Wyoming wind Wind farm appearance Timeline Company. (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 N-2. His Anschutz Entertainment Group operates more than 350 owned or affiliated arenas and concert venues worldwide. Customer inquiries are best handled by calling 800-647-7261. Claire has a Bachelors degree in biochemistry from Trinity College Dublin, a PhD in neuroscience from Innsbruck Medical University, and a certificate in project management from the International Project Management Association. TropiGol Sports, Anschutz saved MLS from extinction, September 19, 2012. Proceeds benefit the National Western Scholarship Trust. UP suffered from highly publicized difficulties integrating SP, resulting in massive gridlock in the summer of 1997 and extending into 1998; it was estimated that by March 1998 delays in UP shipments had cost rail customers about $1 billion in curtailed production, reduced sales, and higher shipping costs. He invested in stocks, real estate and railroads. Letter from Bruce F. Black to Harriet E. Meiers, 2006. Over the next several years, Anschutz's fortunes waxed and waned, and it was during this period that he began to expand outside of the oil industry while continuing to own oil fields in Montana, Texas, Colorado, and Wyoming. The Anschutz Entertainment Group (AEG) is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. 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. 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. We'd love to hear from you! Editor in Chief Stephen Hayes had initially been cleared to find a buyer but after a venture capital firm agreed to broker any future deal, Anschutz withdrew permission and decided to effectively kill the company in order to harvest its subscribers. Mid-1990s and Beyond: Exit Railroads, Enter Qwest and Sports, Reenter Oil. Anschutz was instrumental in several MLS initiatives that have grown the league's revenues and profits. Ms. Mullers business development responsibilities include investing, company creation, All rights reserved. In September 2021 Angie joined the CU Innovations team, managing marketing and graphic design needs of the department, including social media initiatives. Internal Revenue Service. The Lakers, the Kings, and another NBA team, the Los Angeles Clippers, began playing in what became the $400 million, 20,000-seat Staples Center in the fall of 1999. The Anschutz Corporation's activity and investments in the energy field reflect a strong commitment to responsibly developing and managing natural resources. In addition to his move into film production, Anschutz in 1999 purchased companies that were involved in storing video in digital form on computers and in sending high-quality video over fiber-optics lines. With the Internet beginning its explosive late 1990s growth, telecommunications companies were clamoring for additional capacity. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. She also worked at two biotech companies in California, Hollis-Eden Pharmaceuticals, Inc. and Genset Corporation, after beginning Copyright (c) 2022 Company-Histories.com. Find company research, competitor information, contact details & financial data for The Anschutz Corporation of Saratoga, WY. By 1995 railroad industry consolidation was reaching a crescendo, with the number of major railroads having been reduced from 40 in 1980 to ten, and with the completion of the merger of Burlington Northern and the Sante Fe. in the US and Brazil. Key Principal: Phillip Anschutz See more contacts Industry: Investment holding companies, except banks , Newspapers , Oil and gas exploration services , Sports clubs, managers, and promoters Printer Friendly View Address: 555 17TH St Ste 2400 Denver, CO, 80202-3987 United States See other locations Phone: Website: www.anschutz-exploration.com In this role, she administers the vision, strategy, and goals of the SPARK|REACH Program. Ascension Market Leaders. in law from Northwestern University, and most recently an MBA from the University of Notre Dame. [23] He has since sold his stake in the Chicago, Denver, Houston, New York, San Jose and D.C. MLS teams and now owns only the Galaxy. [44][45][46] Anschutz contributed $1 million to conservatives during the 2016 U.S. elections, and $200,000 to Republican politicians and political action committees during the 2017 elections. Operations Officer at Sintact Medical Systems. of industries, including legal, medical and real estate, her strengths lie in communication and conceptualization. in chemical engineering from Cornell University, an M.S. Moyers was succeeded as president and CEO by veteran railroader Jerry R. Davis. You can help Wikipedia by expanding it. 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. In his first year, he reduced the labor force by more than 3,000 to about 19,000 jobs. The following year, Anschutz was days away from his first day of classes at the prestigious University of Virginia law school, when his father became ill; he returned home to take over the family businesses, including Anschutz Corporation and the oil wildcatting company, Circle A Drilling. When combined, they comprise the largest commercial wind generation facility proposed in the U.S. and one of the largest in the world." Anschutz spotted a huge opportunity here, anticipating that the deregulation would inevitably lead to consolidation and the possibility of profiting from dealmaking. In another effort to reduce the debt load, 30 million shares were offered in August 1993. In July 1996--despite opposition from the U.S. departments of Justice, Transportation, and Agriculture; from such rival railroads as Kansas City Southern and Consolidated Rail; and from the governor of Texas, George W. Bush--the STB approved the merger in July 1996, with the only major stipulation being that UP grant trackage rights for about 4,000 miles of track to Burlington Northern Sante Fe. sponsored research, or use of capabilities at the Anschutz Medical Campus, such as the Drug Discovery Center or the Gates Biomanufacturing Facility. million verified professionals across 35 million companies. "[22], Anschutz is one of only four recipients of the National Soccer Hall of Fame's Medal of Honor for his contributions to growing the sport of soccer in the United States. Work At The Random Acts of Kindness Foundation? from the Medical University of South Carolina and a B.A. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. in UKs Colleges of Pharmacy and Medicine.
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