Edgar Kaiser
Encyclopedia
Edgar Fosburgh Kaiser, Jr is a Canadian
financier
and a former owner of the Denver Broncos
American football
team. He was born in Portland, Oregon
on 5 July 1942 and is the grandson of shipbuilding industrialist Henry J. Kaiser
. He earned a BA degree from Stanford University
and an MBA degree from Harvard University
. Kaiser served as a White House Fellow and as a Special Assistant to President Lyndon B. Johnson
, President Richard M. Nixon, and as a Special Assistant to U.S. Secretary of the Interior Walter J. Hickel. He became a Canadian citizen in 1980.
’ family in 1981. Kaiser sold his 60.8% share of the Broncos to current owner Pat Bowlen
in 1984. Kaiser sued Bowlen for violating the original sales’ agreement, which he contended granted him right of first purchase of any sale of shares in the team. Kaiser claimed Bowlen violated this agreement by offering former Broncos quarterback John Elway
a 10% stake of the company that holds ownership of the team. In 2004, a jury ruled in favor of Kaiser and a Federal judge decreed that Kaiser was entitled to purchase back 10 percent of the Broncos using the identical purchase terms offered to Elway. Bowlen appealed the original verdict that ruled in favor of Kaiser and won the appeal, as the appellate court
ruled that the structure of the Bowlen-Elway deal did not violate the original agreement.
-based Kaiser Resources Ltd, the family holding company. Kaiser Resources' coal assets were sold to British Columbia Resources Investment Corporation
and Ashland Oil Canada to Dome Petroleum
.
Kaiser served as Chairman and CEO of the Bank of British Columbia
from 1984 until the bank's 1986 demise.
He has also served on the board of directors of several large Canadian companies.
. It is a North Vancouver, British Columbia - based organization established as a Canadian, national organization, operated separately from other ventures of the Kaiser family, with the goal of promoting the understanding and importance of mental health and addictions as health issues. It has also established the Kaiser Mental Health and Addictions Awareness Foundation and the Aboriginal Peoples' Health Initiative.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
financier
Financier
Financier is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment...
and a former owner of the Denver Broncos
Denver Broncos
The Denver Broncos are a professional American football team based in Denver, Colorado. They are currently members of the West Division of the American Football Conference in the National Football League...
American football
American football
American football is a sport played between two teams of eleven with the objective of scoring points by advancing the ball into the opposing team's end zone. Known in the United States simply as football, it may also be referred to informally as gridiron football. The ball can be advanced by...
team. He was born in Portland, Oregon
Portland, Oregon
Portland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States...
on 5 July 1942 and is the grandson of shipbuilding industrialist Henry J. Kaiser
Henry J. Kaiser
Henry John Kaiser was an American industrialist who became known as the father of modern American shipbuilding. He established the Kaiser Shipyard which built Liberty ships during World War II, after which he formed Kaiser Aluminum and Kaiser Steel. Kaiser organized Kaiser Permanente health care...
. He earned a BA degree from Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
and an MBA degree from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
. Kaiser served as a White House Fellow and as a Special Assistant to President Lyndon B. Johnson
Lyndon B. Johnson
Lyndon Baines Johnson , often referred to as LBJ, was the 36th President of the United States after his service as the 37th Vice President of the United States...
, President Richard M. Nixon, and as a Special Assistant to U.S. Secretary of the Interior Walter J. Hickel. He became a Canadian citizen in 1980.
Denver Broncos
Kaiser purchased the Broncos from the Gerald PhippsGerald Phipps
Gerald Phipps was a businessman, President of Gerald H. Phipps, Inc., a construction company, and owner of the Denver Broncos American football club from 1961 to 1981....
’ family in 1981. Kaiser sold his 60.8% share of the Broncos to current owner Pat Bowlen
Pat Bowlen
Patrick Dennis Bowlen is the Majority Owner, President, and Chief Executive Officer of the Denver Broncos. The Bowlen Family, including his two brothers and sister, purchased the team from Edgar Kaiser in 1984 and saved the team from possible bankruptcy.-Biography:Pat's father, Paul D...
in 1984. Kaiser sued Bowlen for violating the original sales’ agreement, which he contended granted him right of first purchase of any sale of shares in the team. Kaiser claimed Bowlen violated this agreement by offering former Broncos quarterback John Elway
John Elway
John Albert Elway, Jr. is a former American football quarterback and currently is the executive vice president of football operations for the Denver Broncos of the National Football League . He played college football at Stanford and his entire professional career with the Denver Broncos...
a 10% stake of the company that holds ownership of the team. In 2004, a jury ruled in favor of Kaiser and a Federal judge decreed that Kaiser was entitled to purchase back 10 percent of the Broncos using the identical purchase terms offered to Elway. Bowlen appealed the original verdict that ruled in favor of Kaiser and won the appeal, as the appellate court
Appellate court
An appellate court, commonly called an appeals court or court of appeals or appeal court , is any court of law that is empowered to hear an appeal of a trial court or other lower tribunal...
ruled that the structure of the Bowlen-Elway deal did not violate the original agreement.
Business Career
Kaiser has held several corporate positions, including chief executive officer of VancouverVancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
-based Kaiser Resources Ltd, the family holding company. Kaiser Resources' coal assets were sold to British Columbia Resources Investment Corporation
British Columbia Resources Investment Corporation
The British Columbia Resources Investment Corporation, or BCRIC was a holding company formed under the government of William R. Bennett. The company took over ownership of various sawmills and mines that had been bought and bailed out by the government...
and Ashland Oil Canada to Dome Petroleum
Dome Petroleum
Dome Petroleum Limited was a Calgary-based petroleum producer in the Alberta oilfields. Jack Gallager joined a group of investors in Dome Exploration Ltd. in 1950 and built it into the major Canadian oil company Dome Petroleum Limited . Gallagher was the sole employee for the first two years...
.
Kaiser served as Chairman and CEO of the Bank of British Columbia
Bank of British Columbia
There have been two Canadian banks with the name Bank of British Columbia.-The first bank:The first was established by Royal Charter in 1862, with its head office in London. Between 1862 and 1871 it issued dollar banknotes. By 1885 it had branches in San Francisco, Portland, Oregon , Victoria,...
from 1984 until the bank's 1986 demise.
He has also served on the board of directors of several large Canadian companies.
The Kaiser Foundation
In 1985 Edgar Kaiser Jr. established the Kaiser FoundationKaiser Foundation
The Kaiser Foundation is a mental health organization based in Canada. Its stated mission is to assist individuals and communities in preventing and reducing the harm associated with problem substance use and addictive behaviours. They are associated with Kaiser Permanente in the United States.It...
. It is a North Vancouver, British Columbia - based organization established as a Canadian, national organization, operated separately from other ventures of the Kaiser family, with the goal of promoting the understanding and importance of mental health and addictions as health issues. It has also established the Kaiser Mental Health and Addictions Awareness Foundation and the Aboriginal Peoples' Health Initiative.