Prior to Genentech, he held roles across start-up companies and large companies [54], Anschutz prefers to stay out of the limelight. Michigan. Tennessee. [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. Additionally, he works as an Analyst with the CU Healthcare Innovation Fund. Here's why it was my top pick. Philip Anschutz, Fred's eldest son, assumed control of the company in 1962 and diversified it with holdings in the entertainment and hospitality industries. Privacy Policy. brand messaging. 1 of 2. AEG Presents organizes several large music entertainment festivals including Coachella and Stagecoach,[3][4], AEG Sports owns the LA Galaxy soccer team and the Los Angeles Kings hockey team, and Anschutz Film Group owns Bristol Bay Productions and Walden Media. Work At The Random Acts of Kindness Foundation? In my evaluation of the best beard trimmers, the Multigroom 9000 was my top pick due to its perfect balance of quality, performance, cost and customization. Who is Anschutz Exploration Corporation Headquarters 555 17th St, Denver, Colorado, 80202, United States Phone Number (303) 298-1000 Website www.anschutz-exploration.com Revenue $29.4M Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment Anschutz Exploration Corporation's Social Media Is this data correct? In 1978 Amoco Corporation discovered a huge reservoir of oil and natural gas adjacent to this ranch--what turned out to be one of the largest discoveries since Alaska's Prudhoe Bay. Nissan North America Inc. The Denver Post summarized the implications for Anschutz: "Not only is Qwest founder and board member Philip Anschutz not a defendant in the long-awaited civil case against the regime of former Qwest chief executive Joe Nacchio, he doesn't even merit a mention in the 50-page complaint. Anschutz also bought three professional soccer teams, the Los Angeles Galaxy, the Colorado Rapids, and the Chicago Fire, all part of Major League Soccer, which Anschutz owned a part of as well. University of Central Oklahoma . In 2004, he purchased the parent company of the Journal Newspapers, which under Anschutz's direction became the American conservative editorial newspaper Washington Examiner. Anschutz Corp. purchased the Rio Grande's parent, Rio Grande Industries, Inc., for $500 million, $90 million of which was in cash and the remainder in loans. Originally funded by the oil and gas holdings of his father, Anschutz, who consistently shuns publicity, quietly became a billionaire in the early 1980s as a result of his oil and gas exploration ventures. Before her legal career, she was a Research Scientist in infectious disease leading teams focused on mechanisms of drug resistance and drug discovery at the Walter Reed Army Institute of Research By that time he had invested about $55 million into a sleepy offshoot of Southern Pacific to develop what would eventually become Qwest Communications International Inc., the number four long-distance company in the United States as well as the owner of U S West Inc., one of the Baby Bells. [1] The company was started in 1958 by Fred Anschutz, a wildcatter, who developed and operated oil wells. Anschutz contemplated and then abandoned takeovers of two publicly traded companies in the 1980s, ITT and Pennwalt; in the process of buying and selling shares in the companies, he pocketed more than $100 million. Reflects change since 5 pm ET of prior trading day. Late in 1984, the partnership was dissolved and the holdings divided between Anschutz and Oxford, with Anschutz keeping the Anaconda Tower (where the company's offices were still located in the early 21st century), Denver's Fairmont Hotel, and a half-block of undeveloped land in Denver. "[37], Anschutz supported the Parents Television Council, a group that protests against television content that they consider indecent. Prior to CU Innovations, The company began offering its own long distance service to business customers in the Southwest in 1993. In April 2002, the Anschutz Exploration Corporation gave up its plans to drill for oil in the area. for Regenerative Medicine as Director of Intellectual Property, and she continues to support the Gates Center as Entrepreneur in Residence. Mike McGarry is the Director of Business Development at CU Innovations where he leads the business development team for the University of Colorado Anschutz Medical Campus. Anschutz Barrett Corp. Oil Drilling Be the first to know Get local news delivered to your inbox! 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. - Responsible for Governance, Risk & Compliance oversight across the company's portfolio. Universal just happened to be filming Hellfighters, which had John Wayne playing Adair, and were pleased to be able to take footage of a real fire and the real Adair in action. Through a restructuring, it was possible that Anschutz could wind up as the largest shareholder of United Artists, and would have done so on the cheap. in Biology from Tufts University. Anschutz has invested in, for example, the Clarity Media Group, a Denver-based publishing group that includes[28] newspapers such as The Oklahoman, the largest newspaper in Oklahoma; The San Francisco Examiner (purchased in 2004, sold in November 2011); The Washington Examiner, a right-wing weekly tabloid that was consolidated from group of D.C.-area suburban dailies; The Baltimore Examiner, which launched in April 2006 and was shut down in early 2009; the now-closed Examiner.com, a hyper-local web portal where contributors wrote on local topics from news to blog-like stories; the conservative Weekly Standard (purchased in 2009);[29] and The Gazette, Colorado's second-largest newspaper, with a daily circulation of 74,172 (purchased on November 30, 2012)[30] (Anschutz has trademarked the name "Examiner" in more than 60 cities.). Board. With 20,000 miles of track thoroughly covering the West Coast and a line through the southern United States to the Mississippi River, the SP was even more attractive to Anschutz for its connections to the Rio Grande lines in Kansas City and Ogden, Utah, making for a synergistic coupling. Raja Krishnan is a Senior Business Development Manager at CU Innovations. Co-Director of SPARK, Graphic Designer & Social Media Specialist, (303) 724 - 0222 |kimberly.muller@cuanschutz.edu. 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. Alabama. Anschutz owns more than half of the company, and multiple newspapers and media groups. It was also speculated that Anschutz envisioned synergies between Qwest and his sports activities, specifically the possibility of using the high-tech electronics that were installed in the Staples Center to transmit high-definition images of sporting events over the Qwest network to television sets and computers. Denver, Colorado, 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. [60][20] On December 6, 2015, he broke his media silence when he appeared with several of the founders of Major League Soccer to reflect on the league's 20th anniversary. She also supports the business development team with strategic Anschutz is the son of Fred and Marian Pfister Anschutz. The land came from the recently closed Fitzsimons Army Medical Center, but millions were needed for the construction of new medical laboratory buildings and a new University Hospital on the land. When you see what can be done, the possibilities, you want to be involved in something. products. In later years, Anschutz contributed to Dole's political campaigns. We'd love to hear from you! Sign up for a free account. He started modestly, with the 1984 purchase of the Denver & Rio Grande Railroad, commonly known as the Rio Grande, a small railroad that then consisted of more than 3,400 miles of track from Missouri to Utah. Second, Moyers focused on service to SP's customers, putting pressure on his subordinates to improve the operations. Pricing; API; . grant fund, and a nearly $50 million venture fund. SellerChristy . Anschutz parlayed his oil and gas wealth into the stock market, downtown real estate (primarily in Denver), and, ultimately, the railroad industry. The Anschutz Corporation has been part of the Carbon County community since the mid-1990s through its ownership of The Overland Trail Cattle Company LLC, a 320,000-acre working ranch situated south of Rawlins/Sinclair and northwest of Saratoga on a combination of private land and federal land managed by the BLM. None of the information on this page has been provided or approved by The Random Acts of Kindness Foundation. in pharmaceutics from Long Island University, an M.S. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States. He also owns stakes in performance venues, including the Staples Center, The O2, London, and the Dignity Health Sports Park. Internal Revenue Service. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. www.aegworldwide.com. 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. In addition to maintaining a five percent stake in Union Pacific and being the largest shareholder of Qwest with a 38 percent stake, Anschutz continues his involvement in the energy sector through a 37 percent stake in Forest Oil Corporation, a Denver-based oil and gas exploration and production company; is heavily involved in the Los Angeles sports scene with his ownership of the Los Angeles Kings hockey franchise and a professional soccer team as well as partial ownership of the Los Angeles Lakers basketball team and the state-of-the-art Staples Center; and has extensive real estate holdings. Investor interest in Southern Pacific increased in the several months that followed, so that by February 1994, when a second stock offering of 25 million shares was initiated, they sold for $19.75 per share. All rights reserved. For some time, while MLS was struggling, Anschutz owned six MLS franchises concurrently and experienced significant financial losses. In 1988, the Rio Grande railroad purchased the Southern Pacific Railroad under his direction. This Colorado-related article is a stub. Anschutz closed the deal for Southern Pacific in the fall of 1988. Frank Smith is President and Chief Executive Officer of Anschutz Film Group (AFG) and Walden Media. in chemical engineering from Cornell University, an M.S. in law from Northwestern University, and most recently an MBA from the University of Notre Dame. 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. Gabe provides due diligence analysis for internal and external innovation partnership opportunities.