Edgar Fosburg Kaiser Jr.

https://en.wikipedia.org/wiki/Edgar_Kaiser_Jr.

Edgar Fosburgh Kaiser Jr. (July 5, 1942 – January 11, 2012) was an American-Canadian financier and a former owner of the Denver Broncos American football team. He was born in Portland, Oregon on July 5, 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. He died on January 11, 2012.

Denver Broncos

Kaiser purchased the Broncos from the Gerald Phipps’ family in 1981. Kaiser sold his 60.8% share of the Broncos to current owner Pat Bowlen in 1984. He then 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.

Business career

Kaiser held several corporate positions during his life, including chief executive officer of Vancouver-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 also served on the board of directors of several large Canadian companies.

The Kaiser Foundation

In 1985 Edgar Kaiser Jr. established the Kaiser Foundation. 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.

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Philanthropist, Sports Team Owner, US Presidential Official. The grandson of industrialist Henry Kaiser, he attained his Bachelor of Arts from Stanford University and earned his Master of Business Administrations from Harvard University. Following his service with the US Agency for International Development during the Vietnam War, Kaiser became a White House Fellow, eventually serving as a special assistant to President Johnson. He was later appointed special assistant to US Secretary of the Interior Walter J. Hickel during the administration of Richard Nixon. During the 1970s, he became involved with several family business endeavors in the Vancouver-area including Kaiser Steel Corporation, also serving as chairman of the Bank of British Columbia from 1984 to 1986. He made an impression on the American professional sports landscape when he became majority proprietor of the Denver Broncos in 1981. During his tenure, Dan Reeves was hired as head coach and Hall of Fame quarterback John Elway was acquired in a trade from the Baltimore Colts, positioning the franchise for a successful future run. In 1984 he sold the team to Pat Bowlen and one year later, the Kaiser Foundation was established. Since its existence, there has been vast strides made in the bettering of health issues including mental health. (bio by: C.S.)