Jump to content

Edward W. Stack: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
No edit summary
Inserting content on behalf of paid user Inkian Jason (see talk page). In-depth review and copyediting has been performed. All sources are either reliable and secondary or primary but independent from the subject.
Line 1: Line 1:
{{Use American English|date=November 2018}}
{{other people|Edward Stack}}
{{Use mdy dates|date=November 2018}}
{{Other people|Edward Stack}}
{{Infobox person
{{Infobox person
| name = Edward W. Stack
| name = Edward W. Stack
| image = <!-- filename only, no "File:" or "Image:" prefix, and no enclosing [[brackets]] -->
| image =
| birth_date = {{Birth based on age as of date|55|2010|04|27}}<ref name="Gunther">{{cite journal |last1=Gunther |first1=Marc |title=Retail's rising star |journal=[[Fortune (magazine)|Fortune]] |date=April 27, 2010 |url=http://archive.fortune.com/2010/04/20/news/companies/dicks_sporting_goods.fortune/index.htm?postversion=2010042709 |accessdate=June 7, 2018 |issn=0015-8259}}</ref>
| caption =
| birth_date = {{birth year and age|1955}}
| birth_place =
| birth_name =
| residence = [[Edgeworth, Pennsylvania]], U.S.
| nationality = American
| nationality = American
| education =
| other_names = Ed Stack
| alma_mater = [[St. John Fisher College]]
| education = [[St. John Fisher College]] ([[Bachelor of Arts and Science|B.A.S.]], 1977)
| years_active = 1984–present
| occupation =
| known_for = President, [[Dick's Sporting Goods]]
| employer = [[Dick's Sporting Goods]]
| net_worth = {{US$|1.2&nbsp;billion|link=yes}} (February 2018)
| networth = US$1.2 billion (March 2018)<ref name="Forbes profile">{{cite web|title=Forbes profile: Edward Stack|url=https://www.forbes.com/profile/edward-stack/|website=Forbes|accessdate=4 March 2018}}</ref>
| title = [[Chairman]] and [[Chief executive officer|CEO]] of Dick's Sporting Goods
| children =
| boards = {{Plainlist|
| spouse = Donna Stack
* [[Greater Pittsburgh Chamber of Commerce]]
| parents = Richard Stack
* Jay H. Baker Retailing Initiative
| website =
* [[National Retail Federation]]
}}
| father = Dick Stack
}}
}}
'''Edward W. Stack''' (born 1955) is an American [[billionaire]] heir and businessman.<ref name="businessweek">{{cite web|url=https://www.bloomberg.com/markets/stocks|title=Stocks|author=|date=|website=Bloomberg.com|accessdate=4 March 2018}}</ref><ref name="reuters">{{cite web|url=https://www.reuters.com/finance/stocks/officer-profile/DKS/305568|title=Stock Quotes & Company News - Reuters.com|website=Reuters.com|accessdate=4 March 2018}}</ref> He serves as chairman and chief executive officer of [[Dick's Sporting Goods]].<ref name="businessweek"/><ref name="reuters"/><ref name="Forbes profile"/><ref>{{cite web|url=https://www.nytimes.com/2018/02/28/business/walmart-and-dicks-major-gun-retailers-will-tighten-rules-on-guns-they-sell.html|title=Walmart and Dick’s Raise Minimum Age for Gun Buyers to 21|first1=Julie|last1=Creswell|first2=Michael|last2=Corkery|date=28 February 2018|website=Nytimes.com|accessdate=4 March 2018}}</ref> In 2015, Stack purchased a mansion at 11610 Turtle Beach Rd, North Palm Beach, FL for $12,000,000.<ref name="palmbeachpost">{{cite web|url=http://realtime.blog.palmbeachpost.com/2015/02/24/sporting-goods-magnate-gets-million-dollar-discount-on-mansion/|title=Dick’s Sporting Goods CEO gets million-dollar discount on beachfront mansion - Real Time|website=Realtime.blog.palmbeachpost.com|accessdate=4 August 2018}}</ref>


'''Edward W. Stack''', also known as '''Ed Stack''', is an American businessman and executive. Since 1984, Stack serves as [[chairman]] and [[chief executive officer]] of [[Dick's Sporting Goods]], a [[sports equipment]] retailing company founded in 1948 by his father, Dick Stack.
==Early life and education==
His father, Dick Stack, was the founder of [[Dick's Sporting Goods]].<ref name="reuters"/> He graduated from [[St. John Fisher College]] in [[Rochester, New York]].<ref name="businessweek"/>


== Early life and education ==
==Career==
Edward W. Stack is the son of Richard "Dick" Stack,<ref name="Gunther" /> who founded [[sports equipment]] retailer [[Dick's Sporting Goods]] in 1948.<ref name="Forbes">{{cite journal |title=Edward Stack |journal=[[Forbes]] |url=https://www.forbes.com/profile/edward-stack/ |accessdate=June 7, 2018 |issn=0015-6914}}</ref><ref name="Begley">{{cite journal |last1=Begley |first1=Sarah |title=What to Know about Edward Stack, the CEO of Dick's Sporting Goods |journal=[[Time (magazine)|Time]] |date=February 28, 2018 |url=http://time.com/5179229/edward-stack-ceo-dicks-sporting-goods/ |accessdate=June 7, 2018 |issn=0040-781X |oclc=1311479}}</ref><ref name="Lindeman">{{cite news |last1=Lindeman |first1=Teresa F. |title=Ed's way stacks up well for Dick's Sporting Goods |url=http://www.post-gazette.com/business/businessnews/2004/11/21/Ed-s-way-stacks-up-well-for-Dick-s-Sporting-Goods/stories/200411210231 |accessdate=June 7, 2018 |work=[[Pittsburgh Post-Gazette]] |publisher=[[Block Communications]] |date=November 20, 2004 |issn=1068-624X}}</ref> He grew up in the [[East Side, Binghamton|East Side]] neighborhood of [[Binghamton, New York]], attended public schools, and played baseball and football at [[Binghamton North High School]].<ref name="Gunther" /><ref name="Platsky">{{cite news |last1=Platsky |first1=Jeff |title=In the national spotlight: Ed Stack's roots are in Binghamton |url=https://www.pressconnects.com/story/news/local/2018/02/28/dicks-sporting-goods-stops-selling-assault-style-guns-says-ceo-ed-stack/380581002/ |accessdate=June 7, 2018 |work=[[Press & Sun-Bulletin]] |publisher=[[Gannett Company]] |date=February 28, 2018 |issn=0886-8816 |oclc=12636926}}</ref><ref>{{cite news |last1=Stevens |first1=Kevin |title=Richie Karl among Greater Binghamton Hall of Fame inductees |url=https://www.pressconnects.com/story/sports/2018/02/22/greater-binghamton-hall-fame/363920002/ |accessdate=June 8, 2018 |work=Press & Sun-Bulletin |date=February 22, 2018}}</ref> Stack received a [[Bachelor of Arts and Science]] degree in accounting from [[St. John Fisher College]] in 1977.<ref name="Gunther" /><ref name="Forbes" /><ref name="Lindeman" /> He planned to become a lawyer, but opted to help run the family business after his father's health declined.<ref name="Business">{{cite news |title=Pittsburgh Business 2001: The Leaders, 41 – 50 |url=http://old.post-gazette.com/businessnews/20010325leadersepghbus9.asp |accessdate=June 8, 2018 |work=Pittsburgh Post-Gazette |date=March 25, 2001}}</ref>
Since 1984, he has served as chairman and CEO of the family business.<ref name="businessweek"/><ref name="reuters"/> He serves on the board of directors of the [[National Retail Federation]].<ref name="businessweek"/><ref>{{cite web|url=http://www.nrf.com/modules.php?name=Pages&sp_id=100|title=National Retail Federation|author=|date=|website=National Retail Federation|accessdate=4 March 2018}}</ref> He served on the board of [[KeyCorp]] from March 2010 to September 2011.<ref name="businessweek"/>


==References==
== Career ==
Stack and his siblings purchased Dick's from their father in the early 1980s, when the company had two locations in [[Upstate New York]].<ref name="Lindeman" /><ref name="Platsky" /><ref>{{cite news |title=Dick's Sporting Goods to open at Crossroads Bellevue |url=http://www.bellevuereporter.com/business/dicks-sporting-goods-to-open-at-crossroads-bellevue/ |accessdate=June 7, 2018 |work=Bellevue Reporter |date=October 20, 2017}}</ref> He became [[chairman]] and [[chief executive officer]] following his father's retirement in 1984.<ref name="Forbes" /><ref name="Begley" /> Stack established a [[board of directors]], opened additional stores, and relocated the company's headquarters to [[Pittsburgh]] in 1994.<ref name="Lindeman" /><ref>{{cite news |last1=LaWell |first1=Carolyn |title=Ed Stack stays close to his business to make Dick's Sporting Goods better |url=http://www.sbnonline.com/article/ed-stack-stays-close-to-his-business-to-make-dick-x2019-s-sporting-goods-better-how-to-communicate-your-vision-throughout-the-organization/?all=1 |accessdate=June 7, 2018 |work=Smart Business |date=October 27, 2010}}</ref> He led the company during its [[initial public offering]] in 2002.<ref name="Forbes" /><ref name="Begley" />

Stack owned approximately 25 percent of the company's [[common stock]], and controlled nearly two-thirds of its voting shares, as of 2010.<ref name="Gunther" /> After selling 5.8 percent of his holdings in 2013, he owned around 20 percent of the company, primarily via [[Class B share]]s.<ref>{{cite news |title=Pittsburgh Post-Gazette Business Briefs Column |url=https://www.highbeam.com/doc/1G1-122329010.html |accessdate=June 8, 2018 |work=Pittsburgh Post-Gazette |date=May 31, 2003 |via=[[HighBeam Research]] |subscription=yes}}</ref><ref>{{cite journal |last1=Williams |first1=Christopher C. |title=A Long-Distance Runner |journal=[[Barron's (newspaper)|Barron's]] |date=February 23, 2013 |url=https://www.barrons.com/articles/SB50001424052748704852604578304080023577770 |accessdate=June 7, 2018 |issn=1077-8039}}</ref> Following the [[Stoneman Douglas High School shooting]] in February 2018, Stack announced that Dick's and its subsidiaries would stop selling [[assault rifle]]s and [[high-capacity magazine]]s, and would not sell [[firearm]]s to people under the age of 21.<ref name="Begley" /> He has advocated for stronger [[gun control]], and worked to enact change by hiring lobbyists and meeting with politicians.<ref>{{cite news |last1=McGregor |first1=Jena |title=Dick's Sporting Goods CEO Ed Stack called for specific reforms on gun sales, and that made a splash |url=http://www.philly.com/philly/business/dicks-sporting-goods-edward-stack-stand-gun-specific-sales-proposals-greenwashing-20180307.html |accessdate=June 7, 2018 |work=[[The Philadelphia Inquirer]] |publisher=[[Philadelphia Media Network]] |date=March 7, 2018| via=[[The Washington Post]]}}</ref><ref>{{cite news |last1=Townsend |first1=Matt |title=Dick's Sporting Goods jumps as earnings guidance outweighs gun controversy |url=https://www.ctpost.com/business/article/Dick-s-Sporting-Goods-guns-profit-jumps-12954133.php |accessdate=June 7, 2018 |work=[[Connecticut Post]] |publisher=[[Hearst Communications]] |date=May 30, 2018 |via=[[Bloomberg L.P.]]}}</ref><ref>{{cite journal |last1=Schooley |first1=Tim |title=Stack presses Congress to act on new gun control legislation in essay |journal=[[Pittsburgh Business Times]] |date=March 22, 2018 |url=https://www.bizjournals.com/pittsburgh/news/2018/03/22/stack-presses-congress-to-act-on-new-gun-control.html |accessdate=June 7, 2018}}</ref>

Stack is estimated to have a net worth of {{US$|1.2&nbsp;billion|link=yes}} as of February 2018.<ref name="Begley" />

=== Board service ===
Stack has served on the boards of the [[Greater Pittsburgh Chamber of Commerce]], [[KeyCorp]],<ref>{{cite web |last1=Gibson |first1=Keegan |title=Roarty: Dicks Sporting Goods CEO Ed Stack Mulling Challenge to Casey |url=http://www.politicspa.com/roarty-dicks-sporting-goods-ceo-ed-stack-muling-challenge-to-casey/22639/ |accessdate=June 8, 2018 |date=March 21, 2011 |website=[[PoliticsPA]]}}</ref> the [[National Retail Federation]],<ref>{{cite web |title=Board of Directors |url=https://nrf.com/who-we-are/board-of-directors |publisher=[[National Retail Federation]] |accessdate=June 8, 2018}}</ref> and [[Seton Hall University]],<ref name="Business" /> as well as the [[advisory board]] of [[Wharton School of the University of Pennsylvania]]'s Jay H. Baker Retailing Initiative.<ref name="Celebrate">{{cite web |title=St. John Fisher College to Celebrate 62nd Commencement; CEO of Dick's Sporting Goods-a Fisher alumnus-to Deliver Keynote Address |url=https://www.sjfc.edu/news-and-events/news-archive/spring-2016/fisher-to-celebrate-62nd-commencement/ |publisher=St. John Fisher College |accessdate=June 8, 2018 |date=March 11, 2016}}</ref>

== Recognition ==
In 1997, Stack ranked fourth in the "consumer-retailing/hardlines" category of magazine ''[[Institutional Investor (magazine)|Institutional Investor]]''{{'s}} survey of the best chief American executives, and was named "Sports Executive Visionary of the Year" by magazine ''SportStyle''.<ref>{{cite news |title=Pittsburgh-area CEOs ranked at the top of their class |url=https://www.highbeam.com/doc/1P2-20149351.html |accessdate=June 8, 2018 |work=[[Pittsburgh Tribune-Review]] |date=April 18, 2009 |via=HighBeam Research |subscription=yes}}</ref><ref name="Hartford">{{cite journal |last1=Hartford |first1=James |title=Six Elected to Sporting Goods Hall of Fame |url=https://sgbonline.com/six-elected-to-sporting-goods-hall-of-fame/ |accessdate=June 8, 2018 |work=SGB Magazine |publisher=SGB Media |date=October 31, 2005}}</ref> He was named "Entrepreneur of the Year in Southwestern Pennsylvania" by [[Ernst & Young]] in 1999.<ref name="Hartford" /> In 2005, Stack received a History Makers Award in the "business and industry" category from the [[Heinz History Center]].<ref>{{cite news |title=History Makers Awards and the week in review ... |url=http://www.post-gazette.com/life/2005/05/02/History-Makers-Awards-and-the-week-in-review/stories/200505020123 |accessdate=June 8, 2018 |work=Pittsburgh Post-Gazette |date=May 1, 2005}}</ref> He was inducted into the [[National Sporting Goods Association]]'s Sporting Goods Industry Hall of Fame in 2006.<ref name="Hartford" /><ref>{{cite web |title=Hall of Fame Members |url=https://www.nsga.org/globalassets/hall-of-fame/hof-members-1956-2016-pdf.pdf |publisher=[[National Sporting Goods Association]] |accessdate=June 8, 2018 |format=PDF}}</ref> Stack received a Humanity and Service Award from the Bus Stops Here Foundation in 2014, and a Major John H. Russell Leadership Award from [[Marine Corps University]]'s foundation in 2015.<ref name="Celebrate" /> He was given an [[honorary degree]] of [[doctor of humane letters]] from his alma mater, after delivering a [[commencement speech]] in 2016.<ref>{{cite web |title=Fisher Celebrates 62nd Commencement |url=https://www.sjfc.edu/news-and-events/news-archive/spring-2016/fisher-celebrates-62nd-commencement/ |accessdate=June 8, 2018 |publisher=[[St. John Fisher College]] |date=May 7, 2016}}</ref><ref>{{cite news |last1=Jaschik |first1=Scott |title=Commencement Speakers Announced: Albany Pharmacy, DePauw, Hamilton, Harvard, Iona, Lasell, Linfield, Randolph-Macon, Southwestern, St. John Fisher, Tulane, Woodbury |url=https://www.insidehighered.com/news/2016/03/16/colleges-announce-commencement-speakers |accessdate=June 8, 2018 |work=[[Inside Higher Ed]] |date=March 16, 2016 |oclc=721351944}}</ref>

== References ==
{{Reflist}}
{{Reflist}}


{{Wikiquote}}
{{Dick's Sporting Goods}}
{{Dick's Sporting Goods}}


{{DEFAULTSORT:Stack, Edward W.}}
{{DEFAULTSORT:Stack, Edward W.}}
[[Category:1950s births]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:St. John Fisher College alumni]]
[[Category:American retail chief executives]]
[[Category:American billionaires]]
[[Category:1955 births]]
[[Category:20th-century American businesspeople]]
[[Category:20th-century American businesspeople]]
[[Category:21st-century American businesspeople]]

[[Category:American billionaires]]

[[Category:American retail chief executives]]
{{US-business-bio-1950s-stub}}
[[Category:People from Binghamton, New York]]
[[Category:People from Sewickley, Pennsylvania]]
[[Category:St. John Fisher College alumni]]

Revision as of 17:55, 12 November 2018

Edward W. Stack
Born1954 or 1955 (age 69–70)[1]
NationalityAmerican
Other namesEd Stack
EducationSt. John Fisher College (B.A.S., 1977)
Years active1984–present
EmployerDick's Sporting Goods
TitleChairman and CEO of Dick's Sporting Goods
Board member of
Parent
  • Dick Stack (father)

Edward W. Stack, also known as Ed Stack, is an American businessman and executive. Since 1984, Stack serves as chairman and chief executive officer of Dick's Sporting Goods, a sports equipment retailing company founded in 1948 by his father, Dick Stack.

Early life and education

Edward W. Stack is the son of Richard "Dick" Stack,[1] who founded sports equipment retailer Dick's Sporting Goods in 1948.[2][3][4] He grew up in the East Side neighborhood of Binghamton, New York, attended public schools, and played baseball and football at Binghamton North High School.[1][5][6] Stack received a Bachelor of Arts and Science degree in accounting from St. John Fisher College in 1977.[1][2][4] He planned to become a lawyer, but opted to help run the family business after his father's health declined.[7]

Career

Stack and his siblings purchased Dick's from their father in the early 1980s, when the company had two locations in Upstate New York.[4][5][8] He became chairman and chief executive officer following his father's retirement in 1984.[2][3] Stack established a board of directors, opened additional stores, and relocated the company's headquarters to Pittsburgh in 1994.[4][9] He led the company during its initial public offering in 2002.[2][3]

Stack owned approximately 25 percent of the company's common stock, and controlled nearly two-thirds of its voting shares, as of 2010.[1] After selling 5.8 percent of his holdings in 2013, he owned around 20 percent of the company, primarily via Class B shares.[10][11] Following the Stoneman Douglas High School shooting in February 2018, Stack announced that Dick's and its subsidiaries would stop selling assault rifles and high-capacity magazines, and would not sell firearms to people under the age of 21.[3] He has advocated for stronger gun control, and worked to enact change by hiring lobbyists and meeting with politicians.[12][13][14]

Stack is estimated to have a net worth of US$1.2 billion as of February 2018.[3]

Board service

Stack has served on the boards of the Greater Pittsburgh Chamber of Commerce, KeyCorp,[15] the National Retail Federation,[16] and Seton Hall University,[7] as well as the advisory board of Wharton School of the University of Pennsylvania's Jay H. Baker Retailing Initiative.[17]

Recognition

In 1997, Stack ranked fourth in the "consumer-retailing/hardlines" category of magazine Institutional Investor's survey of the best chief American executives, and was named "Sports Executive Visionary of the Year" by magazine SportStyle.[18][19] He was named "Entrepreneur of the Year in Southwestern Pennsylvania" by Ernst & Young in 1999.[19] In 2005, Stack received a History Makers Award in the "business and industry" category from the Heinz History Center.[20] He was inducted into the National Sporting Goods Association's Sporting Goods Industry Hall of Fame in 2006.[19][21] Stack received a Humanity and Service Award from the Bus Stops Here Foundation in 2014, and a Major John H. Russell Leadership Award from Marine Corps University's foundation in 2015.[17] He was given an honorary degree of doctor of humane letters from his alma mater, after delivering a commencement speech in 2016.[22][23]

References

  1. ^ a b c d e Gunther, Marc (April 27, 2010). "Retail's rising star". Fortune. ISSN 0015-8259. Retrieved June 7, 2018.
  2. ^ a b c d "Edward Stack". Forbes. ISSN 0015-6914. Retrieved June 7, 2018.
  3. ^ a b c d e Begley, Sarah (February 28, 2018). "What to Know about Edward Stack, the CEO of Dick's Sporting Goods". Time. ISSN 0040-781X. OCLC 1311479. Retrieved June 7, 2018.
  4. ^ a b c d Lindeman, Teresa F. (November 20, 2004). "Ed's way stacks up well for Dick's Sporting Goods". Pittsburgh Post-Gazette. Block Communications. ISSN 1068-624X. Retrieved June 7, 2018.
  5. ^ a b Platsky, Jeff (February 28, 2018). "In the national spotlight: Ed Stack's roots are in Binghamton". Press & Sun-Bulletin. Gannett Company. ISSN 0886-8816. OCLC 12636926. Retrieved June 7, 2018.
  6. ^ Stevens, Kevin (February 22, 2018). "Richie Karl among Greater Binghamton Hall of Fame inductees". Press & Sun-Bulletin. Retrieved June 8, 2018.
  7. ^ a b "Pittsburgh Business 2001: The Leaders, 41 – 50". Pittsburgh Post-Gazette. March 25, 2001. Retrieved June 8, 2018.
  8. ^ "Dick's Sporting Goods to open at Crossroads Bellevue". Bellevue Reporter. October 20, 2017. Retrieved June 7, 2018.
  9. ^ LaWell, Carolyn (October 27, 2010). "Ed Stack stays close to his business to make Dick's Sporting Goods better". Smart Business. Retrieved June 7, 2018.
  10. ^ "Pittsburgh Post-Gazette Business Briefs Column". Pittsburgh Post-Gazette. May 31, 2003. Retrieved June 8, 2018 – via HighBeam Research. {{cite news}}: Unknown parameter |subscription= ignored (|url-access= suggested) (help)
  11. ^ Williams, Christopher C. (February 23, 2013). "A Long-Distance Runner". Barron's. ISSN 1077-8039. Retrieved June 7, 2018.
  12. ^ McGregor, Jena (March 7, 2018). "Dick's Sporting Goods CEO Ed Stack called for specific reforms on gun sales, and that made a splash". The Philadelphia Inquirer. Philadelphia Media Network. Retrieved June 7, 2018 – via The Washington Post.
  13. ^ Townsend, Matt (May 30, 2018). "Dick's Sporting Goods jumps as earnings guidance outweighs gun controversy". Connecticut Post. Hearst Communications. Retrieved June 7, 2018 – via Bloomberg L.P.
  14. ^ Schooley, Tim (March 22, 2018). "Stack presses Congress to act on new gun control legislation in essay". Pittsburgh Business Times. Retrieved June 7, 2018.
  15. ^ Gibson, Keegan (March 21, 2011). "Roarty: Dicks Sporting Goods CEO Ed Stack Mulling Challenge to Casey". PoliticsPA. Retrieved June 8, 2018.
  16. ^ "Board of Directors". National Retail Federation. Retrieved June 8, 2018.
  17. ^ a b "St. John Fisher College to Celebrate 62nd Commencement; CEO of Dick's Sporting Goods-a Fisher alumnus-to Deliver Keynote Address". St. John Fisher College. March 11, 2016. Retrieved June 8, 2018.
  18. ^ "Pittsburgh-area CEOs ranked at the top of their class". Pittsburgh Tribune-Review. April 18, 2009. Retrieved June 8, 2018 – via HighBeam Research. {{cite news}}: Unknown parameter |subscription= ignored (|url-access= suggested) (help)
  19. ^ a b c Hartford, James (October 31, 2005). "Six Elected to Sporting Goods Hall of Fame". SGB Magazine. SGB Media. Retrieved June 8, 2018.
  20. ^ "History Makers Awards and the week in review ..." Pittsburgh Post-Gazette. May 1, 2005. Retrieved June 8, 2018.
  21. ^ "Hall of Fame Members" (PDF). National Sporting Goods Association. Retrieved June 8, 2018.
  22. ^ "Fisher Celebrates 62nd Commencement". St. John Fisher College. May 7, 2016. Retrieved June 8, 2018.
  23. ^ Jaschik, Scott (March 16, 2016). "Commencement Speakers Announced: Albany Pharmacy, DePauw, Hamilton, Harvard, Iona, Lasell, Linfield, Randolph-Macon, Southwestern, St. John Fisher, Tulane, Woodbury". Inside Higher Ed. OCLC 721351944. Retrieved June 8, 2018.