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Peter Magowan

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Title: Peter Magowan  
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Peter Magowan

Peter Magowan
Magowan at the 2010 Giants World Series parade.
Born 1942
Education Stanford University
Occupation President, Managing General Partner
Employer San Francisco Giants
Term 1993 — 2008(?)[1] present
Relatives Charles E. Merrill (grandfather), James Merrill (uncle)
Website Giants Bio

Peter A. Magowan (born 1942 [2]) is the former managing general partner of the San Francisco Giants Major League Baseball franchise.

Contents

  • Early life and career 1
  • Managing general partner of the San Francisco Giants 2
    • Criticism 2.1
    • Stepping down as managing partner 2.2
  • References 3
  • External links 4

Early life and career

Magowan's maternal grandfather was Charles Merrill (1885–1956), co-founder of Merrill Lynch & Company and instrumental in the formation of Safeway. Magowan's father, Robert Anderson Magowan, was chairman and CEO of Safeway; Magowan's mother, Doris Merrill Magowan (1914–2001), was a prominent San Francisco philanthropist. Magowan is the nephew of poet James Merrill (1926–1995). He graduated high school from Groton School, has a bachelor's degree from Stanford University and a master's degree from Oxford University. He also did post-graduate work at The Johns Hopkins University.

Following graduation from Stanford, Magowan joined Safeway as a real estate negotiator in Washington D.C. He also worked as a District Manager in Houston, a Retail Operations Manager in Phoenix and a Division Manager in Tulsa. From 1976 to 1978 he was in charge of the Company's international operations. He was elected a Director of Safeway in 1978 following the death of his father.[3]

In 1979 Magowan was elected as chairman and CEO of Safeway. He would run Safeway until its poor performance led to it being the target of corporate raiders, resulting in acquisition by KKR acting as a white knight.

Magowan is also a director of Caterpillar, Inc., DaimlerChrysler, W5 Networks, Inc., and Spring Group, PLC. He is a native of New York City and was a Giants fan prior to moving to San Francisco; the team itself soon followed.

Managing general partner of the San Francisco Giants

Magowan, along with a group of investors (including Charles B. Johnson, Scott Seligman, Philip Halperin, Allan Byer, and David S. Wolff) that purchased the franchise on January 12, 1993, from the previous owner, Bob Lurie. Before Magowan's consortium stepped in with its offer to buy the team, Lurie had planned to sell the team to a group from St. Petersburg, now home to the Tampa Bay Rays.[4] Magowan made his mark on the team immediately, signing free agent superstar Barry Bonds, a San Francisco Bay Area-native whose father began his career as a Giant.

Magowan is also noted for spearheading the construction of the Giants' current home, AT&T Park (previously SBC Park and Pacific Bell Park). Previously, several initiatives to build tax-supported stadiums had been rejected by San Francisco voters. In December 1995, Magowan unveiled his plan for a 42,000 seat ballpark in China Basin, which would be privately funded - the first privately funded in over 30 years. The plan was passed easily by San Francisco voters, by a 2 to 1 margin.[5] Pacific Bell Park opened in 2000, replacing the oft-criticized Candlestick Park. Since AT&T Park opened, the San Francisco Giants have been at the upper top half of revenue-generating teams in Major League Baseball.

Criticism

In late 2007 and early 2008, Peter Magowan and Giants Barry Bonds told him he had used steroids; he withdrew that assertion a few days later.[8]

Stepping down as managing partner

On May 16, 2008, Magowan announced he would be stepping down as managing partner of the Giants effective October 1, 2008.[9]

Bill Neukom succeeded Magowan as the principal shareholder and lead representative of the investors in the San Francisco Giants.

On November 3, 2010, Magowan participated in the Giants victory parade as the team celebrated its first World Series title since moving to San Francisco in 1958. The team had previously won in 1954 when they were in New York.

References

  1. ^ http://sanfrancisco.giants.mlb.com/sf/team/frontoffice_bios/magowan_peter.jsp
  2. ^ "Peter A. Magowan" Daimler Chrysler Corporate Site Retrieved on 25 December 2007
  3. ^ Safeway Annual Report 1979, p2
  4. ^ Murray Chass (1992-11-11). "BASEBALL; Look What Wind Blew Back: Baseball's Giants". New York Times. p. B11. 
  5. ^ "Peter A. Magowan: President and Managing General Partner" SF Giants Website Retrieved on 25 December 2007
  6. ^ a b c Don't blame Sabean for not blowing the whistle
  7. ^ Selig, Giants might be stuck in unforgiving spot
  8. ^ What Magowan told Mitchell about Bonds
  9. ^ Report: Magowan stepping down as managing partner of Giants

External links

  • List of San Francisco/New York Giants owners
Preceded by
Bob Lurie
San Francisco Giants President
1993-2008
Succeeded by
Larry Baer
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