Jerry York (businessman)

Jerry York
Born Jerome Bailey York
June 22, 1938(1938-06-22)[1]
Memphis, Tennessee, U.S.
Died March 18, 2010(2010-03-18) (aged 71)[1]
Pontiac, Michigan, U.S.

Jerome Bailey York (June 22, 1938 – March 18, 2010), commonly known as Jerry York, was an American businessman, and the Chairman, President and CEO of Harwinton Capital. He was the former CFO of IBM[1] and Chrysler, and was CEO of Micro Warehouse. He was a chief aide to Kirk Kerkorian and his Tracinda investment company.[1] In February 2006, Kerkorian helped elect York to the board of directors of General Motors, from which he had previously resigned.[1]

Biography

York was born in Memphis, Tennessee in 1938[1] and lived in Oakland Township, Michigan. He earned degrees from the United States Military Academy at West Point,[1] the Massachusetts Institute of Technology,[1] and the University of Michigan,[1] and was trained as an engineer. A gymnastics injury prevented York from serving in the military.[2]

York eventually became the CFO at Chrysler. When Lee Iacocca retired as Chrysler CEO in 1992, York was a leading candidate to succeed him.[3] After being passed over as Chrysler CEO, York became CFO of IBM Corporation. He later served as a special adviser to investor Kirk Kerkorian during Kerkorian's 2007 failed takeover bid for Chrysler and his other investments in Ford Motor Company and General Motors where he previously served as a board member from February to October 2006 before resigning over frustration resulting from GM's failure to distribute materials to the Board in advance of its meetings and a reluctance to implement change recommendations, including the shedding of peripheral brands,[4] which GM ultimately affected during bankruptcy in the form of terminating the Pontiac, Saturn, and Hummer brands (after a failed sale attempt to Chinese Sichuan Tengzhong Heavy Industrial Machinery) and the sale of its SAAB division to Spyker Cars.[5]

From 1999 to 2003, York was Chairman and CEO of Micro Warehouse,[6] which went bankrupt. He was also on the board of Apple Inc. after Steve Jobs' comeback in 1997. [7][7]

York was also an enthusiast of alternative energy, particularly wind energy. He was the CFO and a Member of the Board at USWind, a wind energy company of which he was a co-founder and active management team member.

York was also part of a team developing the next generation portable computer.

York was hospitalized on March 17, 2010 after collapsing in his suburban Detroit home from a brain aneurysm.[8] He died the next day.[1]

References

  1. ^ a b c d e f g h i j MICHELINE MAYNARD (March 18, 2010). "Jerome B. York, Former Auto Executive, Dies at 71". The New York Times. http://www.nytimes.com/2010/03/19/business/19york.html. Retrieved March 18, 2010. 
  2. ^ Bloomberg News (March 19, 2010). "Jerome York, executive with Apple, Chrysler and IBM, dies at 71". The Washington Post. 
  3. ^ STEPHEN MILLER and JOANN S. LUBLIN (March 19, 2010). "Turnaround Expert Jerome York Dies at 71". The Wall Street Journal. http://online.wsj.com/article/SB10001424052748703523204575129692078521812.html. Retrieved 2020-03-20. 
  4. ^ "Resignation Letter". October 9, 2006. http://www.indiacar.net/news/n41778.htm. Retrieved 2010-03-20. 
  5. ^ http://www.autonews.com/article/20100317/OEM02/100319902/1179[dead link]
  6. ^ "Apple director, ex-auto executive York dies". The Washington Post. Associated Press. March 19, 2010. http://www.washingtonpost.com/wp-dyn/content/article/2010/03/18/AR2010031801670.html. Retrieved 2010-03-20. [dead link]
  7. ^ a b "Apple Director Jerome B. York Passes Away" (Press release). Apple Inc.. March 18, 2010. http://www.apple.com/pr/library/2010/03/18york.html. Retrieved 2010-03-18. 
  8. ^ Tom Krisher and Dee-Ann Durbin (March 18, 2010). "Apple director, ex-auto executive York dies". Bradenton Herald. Associated Press. http://www.differentdistrict.com/more.php?id=3625_0_25_0_C. Retrieved 2010-03-18. 

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Jerry York — This article is about the hockey coach. For the businessman, see Jerry York (businessman). Jerry York Sport(s) Ice hockey Current position Title Head Coach Team Boston College Biographical details Born …   Wikipedia

  • York (surname) — York is a surname, and may refer to* Alan York * Alissa York (born 1970), Canadian writer * Alvin York, American war hero * Andrew York (born 1958), American classical guitarist and composer * Byron York, conservative American author and… …   Wikipedia

  • Jerry Rubin — Rubin speaking at the University at Buffalo in March 1970 Born July 14, 1938(1938 07 14) Cincinnati, Ohio, United States …   Wikipedia

  • Jerry W. Levin — Jerry W. Levin, born in 1944, is an American businessman. Levin is an experienced CEO, turnaround expert and mergers acquisitions specialist. He has been growing the sales and profits of branded consumer products companies for the past 30 years… …   Wikipedia

  • Jerry Colangelo — (born November 20, 1939), is an American businessman and sports executive. He formerly owned the Phoenix Suns of the NBA, the Phoenix Mercury of the WNBA, the Arizona Sandsharks of the Continental Indoor Soccer League, the Arizona Rattlers of the …   Wikipedia

  • Jerry Reinsdorf — Born February 25, 1936 (1936 02 25) (age 75) Brooklyn, New York, United States Nationality American Education The George Washington University, B.A. 1957 Northwestern University School of Law …   Wikipedia

  • Jerry Lawler — Lawler at the New York Comic Convention in Manhattan, October 9, 2010. Ring name(s) Jerry Lawler Jerry The King Lawler Billed height …   Wikipedia

  • Jerry McAuley — (1839, Ireland – 18 September 1884), along with his wife, Maria, was the founder of the McAuley Water Street Mission in New York City. A self described “rogue and street thief” who spent seven years in Sing Sing prison during the 1860’s,… …   Wikipedia

  • Jerry Orbach — en 2002. Jerry Orbach, né le 20 octobre 1935 et décédé le 28 décembre 2004 d un cancer de la prostate, est un acteur américain. Biographie Jerry Orbach est surtout connu pour avoir interprété le rôle de Lennie Briscoe dans la télésérie New York… …   Wikipédia en Français

  • Jerry Sanders (politician) — Jerry Sanders 34th Mayor of San Diego Incumbent Assumed office December 5, 2005 …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.