Online estimates of Peter Karmanos Jr.s net worth vary. Lets test it out! Follow him on Twitter@JCReindl. 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. Peter Karmanos, Jr. is a famous people who is best known as a Ice Hockey Player. Age in 2025 is 82 years old . He was perceptive. Peter Karmanos Jr. net worth and salary: Peter Karmanos Jr. is a Sports Executive who has a net worth of $1.4 billion. Related to: Laura A Karmanos, Danialle Tynan, Debra A Glendening, Fotene Karmanos, Jason R Karmanos. Many peoples wish to know whats Peter Karmanos Jr. ethnicity, nationality, Ancestry & Race? No racism, sexism or any sort of -ism Karmanos plans to keep smoking the Enchantment, with the occasional foray into another cigar. Theycontend that their fatherstoppedmakingpayments nearlythreeyears agoon a $101-million promissory note to thestock partnership. The two were hanging out, Karmanos recalls, when Rock asked Karmanos if he wanted a cigar. That friend? 2. He was very aggressive and had a short fuse,' says an old friend. [7] He has since opened a new computer firm, Mad Dog Technology. 3. The 40s also brought us the Slinky, Velcro, Jeep, Tupperware and Frisbee. [21], Karmanos donated money to the Michigan Cancer Foundation, which was renamed the Barbara Ann Karmanos Cancer Institute in 1995 in memory of his first wife, Barbara Ann Karmanos, who died of breast cancer in 1989. They've spent years supporting many critical institutions in our area but know the small business owners help keep the Motor . Laura A Karmanos, N A Karmanos, and five other persons are also associated with this address. 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. Andrzej Towpik Net Worth 2023, Age, Height, Bio, Birthday, Wiki! John G. Rowland held open the door for him as he left. Popularity . He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. I won't rehash everything here, but it just hasn't happened.". By the time Rock offered him a Short Story, Karmanos had been smoke- and nicotine-aid-free for more than 10 years. Born. Discover what happened on this day. Peter Karmanos Jr. net worth is $1.4 Billion in [year]. The three sons are seeking nearly $105 million in the suit. Pisces Named Peter #26. The estimated Net Worth of Peter Karmanos is at least $7.1 Million dollars as of 7 November 2017. He was born on 1966-01-30. Peter Karmanos Jr. is the minority owner and chief executive officer of the Carolina Hurricanes and Florida Everblades hockey franchises. 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. The lawsuit was filed last weekby the stock partnershipagainst Karmanos, 73,in Oakland County Circuit Court. You can blame him fully, he jokes, referring to the rocker. Birth Sign Pisces. Most Popular #152169. Please test the article once more after few days. Compuware is one of the world's largest independent software vendors and professional services organizations. 5. 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. 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 Karmanos Jr. shows off his humidor. Former owner of the Carolina Hurricanes. Click below to see everything we have to offer. Amember of the Hockey Hall of Fame, Karmanoslast year sold the Plymouth Whalers junior ice hockey teamas well as theformer Compuware Arena. 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. Mr. Karmanos has a wealth of public company management and information technology experience. There are some that are just awful.. 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. [5], Karmanos has been a mom's columnist for Styleline Magazine[6] and a guest blogger for Metromodemedia.com. A window into the career of a brilliant Detroit. In 2007, Karmanos was named to Crain's Detroit Business' "40 Under 40" list of young achievers in recognition of her career achievements. No, he says, and chuckles at the thought. Weicker later became a member of the Compuware Board of Directors. According to our information, Peter Karmanos Jr. married to Danialle Karmanos , Barbara Ann Karmanos. The lawsuit says Karmanos failed to make a single payment. They are associated with a rejection of traditional values. "And what is computer software except a binary-coded set of rigid rules performed in a hurry?". They're creative thinkers, economic, cautitous and appreciate the arts, they can also be indecisive. So why is the expansion decision important to the Hurricanes? Peter Karmanos' house. Andrew Norriss Net Worth 2023, Age, Height, Bio, Birthday, Wiki! There are challenges, but the team does seem to be on the upswing after an improved 2015-16 season. Peter Karmanos Jr. It is reported that Peter Karmanos has failed to make these payments that were due in 2014 and 2015. Even after the company went public, every employee worked a flex-time schedule of his or her design. Soon, she got an unusual run of orders for omelettes. 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. 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. Walk up a flight of stairs and into the office suite, and the scent gets stronger the warm, earthy smell of a quality cigar. [7] She is the author of the hardcover book about her husband entitled, Pete Karmanos A Life in Progress. Mr. Karmanos owns over 20,000 units of Worthington Industries stock worth over $3,908,921 and over the last 19 years he sold WOR stock worth over $2,953,260. Peter Karmanos Jr. smokes an Ashton cigar at his Mad Dog Technology office in Birmingham. We'd love to hear eyewitness So we should know within the next 20 days what is going to happen officially. 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. Peter Karmanos Jr. Net Worth Stats So far no partner has been found and this lawsuit could potentially complicate those efforts further. Be Truthful. 327476, 327712). He was inducted into the United States Hockey Hall of Fame in 2013. Peter was born on 11 March, 1943 in Detroit. He says the most expensive cigar he ever smoked was a Cuban that he found in the cigar room of a hotel in Switzerland. 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. Peter Ranked on the checklist of hottest Sports Executive. He got the job. 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. I thought, Gee, this aint bad, but I do not want to get hooked on them. So I went a month and didnt have a need to smoke a cigar, and I thought, Well, this is pretty cool. Because if I would have smoked a cigarette, I would be back smoking a whole pack. Peter Karmanos Jr. Is A Member Of . Residents of 487 Arlington Str, Birmingham, MI 48009-1638 include Peter. Staying current is easy with Crains news delivered straight to your inbox. Also known as "boomers", are the result of the end of World War II, when birth rates across the world spiked. It is because of this that his sons called in the lawsuit. 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. 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 . . The case is now in Oakland County Circuit Court. We will continue to update information on Peter Karmanos Jr.s parents. 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. Shortly after graduating from Wayne State University, he, Allen Cutting, and Thomas Thewes founded Compuware. 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. 7. A cigar enthusiast for about 20 years, hes stuck with the Enchantment since discovering it, but he does dabble with other brands and varieties. He gave Pete a manual and hired him. Jason Karmanos was an assistant general manager for the NHL's Carolina Hurricanes. He served as their principal owner from 1994 (when the Hurricanes were the Hartford Whalers) to 2018. Position: Majority owner Carolina Hurricanes. Karmanos sold . He, Tom Thewes and Allen Cutting each chipped in $3,000 to get the company off the ground. Peter Karmanos Age: 54. [11], Karmanos, his Compuware partner Thewes, and former player Jim Rutherford purchased the Hartford Whalers in 1994, for $47.5 million. Karmanos attended Fairlane Christian High School in Dearborn Heights, Michigan before graduating from Dearborn High School. PLEASE TURN OFF YOUR CAPS LOCK. Danialle Karmanos. Peter Karmanos Jr. age in 2022 is - 79 years old. Avid hockey fan and CEO of the Compuware . He used his fortune from the company to purchase the Carolina Hurricanes, the Plymouth Whalers, and the Florida Everblades. They have also lived in West Bloomfield, MI and Naples, FL. This includes extensive skill and background dealing with the growth, operation and management of a large public company as its co-founder and Chairman. 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. On average, Worthington Industries executives and independent directors trade stock every 26 days with the average trade being worth of $1,490,143. You can see the complete history of Mr. Karmanos stock trades at the bottom of the page. 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. Julie Karmanos, 56 Nicodemus Karmanos, 54 Peter Karmanos. The 79-year-old sports executive was born in Michigan, United States. Karmanos, the owner of the Carolina Hurricanes, said of Fedorov that it was "pretty obvious that . He continued to serve as Executive Chairman of the Board and a director until March 2013, when he resigned from that board. 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. Pete bragged to everyone that came in about how good the omelettes were looking that day. Peter Karmanos Jr. 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 . Chinese Zodiac: Peter Karmanos Jr. was born in the Year of the Tiger. [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. Director, 1997. That was the last dispute mom and son had over an order. Gov. [5] Karmanos retired from Compuware on March 31, 2013, but maintained a consultant role within the company. Birthday March Mar 11, 1943 Birthplace Michigan . Karmanos attended Henry Ford High School and graduated from Wayne State University in 1973. Links: www.compuware.com. 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. MORE: The NHL is political, whether you like it or not 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 The Ontario Hockey League awarded an expansion franchise on December 11, 1989, to be known as the Detroit Compuware Ambassadors. In 1965, Pete lied about his age when he applied to be a data processing manager at the Detroit architectural and engineering firm of Giffels & Rosetti. Highlights 1 1 1 . 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. [3] Select this result to view Peter Karmanos's phone number, address, and more. "I've tried and tried to work out the issues with you regarding repayment of the monies that you owe to the Peter Karmanos Jr. Stock Limited Partnership. There are no older and 26 younger executives at Worthington Industries. Karmanos played soccer on an academic scholarship at Lee University in Cleveland, Tennessee. Sergei Fedorov and Peter Karmanos, Jr., are two members of the Hockey Hall of Fame Class of 2015. Karmanos declined. Avid hockey fan and CEO of the Compuware Corporation. "I'll always remember Peter. Peter and Danialle Karmanos have donated $40 million to the Karmanos Cancer Institute in Detroit. Awards. Peter Karmanos Jr. nickname is Peter. I am not going to be able to help you very much I just smoke them, he says. Karmanos remarried after his first wife died, and he later divorced his second wife. He maintainsa 34% ownership stake in the stockpartnership, whichhe set upfor thesons in 1996with Compuware stock to transfer assets "in atax-advantageous manner," according to the lawsuit. One day he thought she screwed up an order. Karmanos started smoking cigarettes when he was 13 and, by the time he was 30, had developed a three-pack-a-day habit. Karmanos brilliant, pugnacious, stubborn, fiercely loyal, quick to anger has long been a Detroit original, an entrepreneur and civic booster whose long list of charitable endeavors includes the Barbara Ann Karmanos Cancer Institute and the Detroit Riverfront Conservancy. As of 7 November 2017 he still owns at least 65,840 units of Worthington Industries stock. He was joined in a three-man ownership group by Thomas Thewes, his longtime business partner, . He wrote a loan contract for more than $100 million, agreeing to pay interest using installments until June 29, 2022, or one year after his death. Hockey Hall of Fame, 2015. The lawsuit doesn't specifyhow much money or stock is left inthe partnership, but it says thevalue once exceeded $100 million. View Details. We will replace Peter Karmanos Jr.s religion & political opinions on this article. Each trust is specific, unique, and set up accordingly for the grantor and the beneficiaries. Earlier this month, Rutherford suggested change was possible with regards to the front office. Be Proactive. He currently is involved in several tech start-ups based in Birmingham, including an all-onlinemortgage lending platformcalled Lenderful. Age 79 Nation USA . 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. Karmanos, flanked by noted divorce attor section: | slug: hurricanes-owner-peter-karmanos-sued-by-his-three-sons-for-105-million | sport: hockey | route: article_single.us | Peter Karmanos Jr.s height Not obtainable right now. 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.! As of January 12, 2023, Peter Karmanos Jr.s will not be dating anybody. [20] He sold the Florida Everblades in August 2019. In 1994, when it was still headquartered in Farmington Hills, the company built a 40,000-square-foot wellness center, complete with running track and basketball court. Whos the richest Sports Executive in the world? He was inducted into the United States Hockey Hall of Fame in 2013. So has Nick and so has Jason,"wrote Peter Karmanos III, a former chief information officer at Compuware. I didnt inhale it, and I got a little buzz from it. That's only speculative at this point, though, because the NHL always views relocation as the last possible resort. Karmanos' desire to sell has fanned the flames of relocation speculation over the last two years. "We are fortunate to have a passionate fan base that supports what we believe is a . Continue to the next page to see Peter Karmanos Jr. net worth, estimated salary and earnings. 6-keys: media/spln/nhl/reg/free/stories, By pressing sign up, I confirm that I have read and agree to the. Peter Karmanos Jr.'s age is 79. 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. 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. Early life. In 2017, Karmanos founded The Cuddlers, a volunteer-based movement started at Children's Hospital of Michigan to cuddle . Mr. Karmanos also served as a director for Taubman Centers, Inc. from 2000 and was a member of its Compensation Committee until January 2018 when he resigned from that board. Nick Karmanos is anexecutive at the Barbara Ann Karmanos Cancer Institute. Search Report. He was inducted into the United States Hockey Hall of Fame in 2013. In addition, he makes $233,268 as Independent Director at Worthington Industries. The day in 1994 when Gov. Homes - Celebrity - Business, Homes - Celebrity - Sports - Ice Hockey. They worked together for 19 years with Karmanos . Howie Roseman Net Worth 2023, Age, Height, Bio, Birthday, Wiki! 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. He and National Football League executive Jerry Jones both owned major athletic teams. 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. Age. [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. Did you know: Karmanos' other awards include the 1998 Lester Patrick Trophy for outstanding . People born under this sign enjoy being alone with their thoughts. 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. Thethree sons in the partnership arePeter Karmanos III, Nick Karmanosand Jason Karmanos, who are from Karmanos' first marriage to Barbara Ann Karmanos. Tweet. She is contributing on Top Celeb Info as a freelance writer. Today, he hasfour youngsons withhis third wife,Danialle Karmanos. Sandy Alderson Net Worth 2023, Age, Height, Bio, Birthday, Wiki! [3] Soon after leaving college he founded software company Compuware with two partners, Thomas Thewes and Allen Cutting. "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. He currently resides in Michigan, United States. Kid Rock, whom Karmanos affectionately calls Bobby. I can remember about 100 of them," Cumming told me. 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. 9. 1:26. 2023 www.freep.com. The most active insiders traders include Mark A Russell, John P/Oh Mcconnell, and John H Mcconnell. [16][17], Karmanos received the Lester Patrick Trophy for outstanding service to hockey after the 199798 season, the Bill Long Award in 2010 for services to the Ontario Hockey League, and was inducted to the United States Hockey Hall of Fame in 2013. Majority of Peters money comes from being a sports executive. An uncomfortable situation is brewing for Carolina Hurricanes owner Peter Karmanos Jr., that could end up having bigger implications for the organization he currently operates. Peter Karmanos Jr. is the cofounder of Detroit-based Compuware, once the largest computer technology company in the state. [15] The Hurricanes reached the Stanley Cup Finals in 2002, but lost to fellow Detroit businessman Mike Ilitchs Detroit Red Wings in five games. 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 media could not be loaded, either because the server or network failed or because the format . At its height, Compuware's annual revenues totaled $2.2 billion (inflation . 8. The trusts are valued at over $100 million, but . Lives in: Beverly Hills MI. In addition to three children with Barbara, Karmanos has four others with current wife Danialle, and nine grandchildren. [9] She was named by Michigan Governor Jennifer Granholm to serve on the Michigan Film Office Advisory Council in 2008. 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. Worthington's WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions. Be Nice. The minimum age was 25 and he was 23. Most recently he sold 20,000 units of WOR stock worth $876,400 on 7 November 2017. Last updated: 3 October 2022 at 12:03pm EST. [4], In 2005, Karmanos founded Danialle Karmanos Work It Out (DKWIO). Want to more about Him? She disagreed. He was born on March 11, 1943, in Detroit, MI, he is 76 years old as of 2019. Age in 2024 is 81 years old. He served as Chairman of the Board, Chief Executive Officer and a director of Compuware Corporation from its founding until June 2011. Deep down . Peter Karmanos Jr.s mothers name is unknown at this time and his fathers name is under review. I call it a dog-walker. Notifications from this discussion will be disabled. 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. 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. It's hard to know Peter Karmanos Jr. birth time, but we do know his mother gave birth to his on a Thursday. Salman Bin Ibrahim Al Khalifa - Net Worth, Age, Height, Bio, Birthday, Wiki! Peter Karmanos Jr. smokes an Ashton cigar during an interview on Wednesday, March 14 at his Mad Dog Technology office in Birmingham. . 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. Orchard Lake, Michigan (MI), US. His son Jason Karmanosheld the job ofassistantgeneral manager for the Hurricanes until 2013, when the team fired him. 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. While its relatively simple to predict his income, its harder to know how much Peter has spent over the years. 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. Glenn Tasker - Net Worth, Age, Height, Bio, Birthday, Wiki! You could taste the difference? I asked in return. Peter McLaughlin (D) 1992-1996: 4: Harvard Univ. I said, Ill try that, and I really enjoyed the cigar. [16], Karmanos was an auto show narrator for Acura from 1997 to 1999 and Chrysler Corporation from 1999 to 2002.[17]. "We'd like nothing more than to have worked this out with you.
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