Edward W. Stack: Difference between revisions
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{{Infobox person |
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| name = Edward W. Stack |
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| image = <!-- filename only, no "File:" or "Image:" prefix, and no enclosing [[brackets]] --> |
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| 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> |
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| birth_date = {{birth year and age|1955}} |
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| birth_place = |
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| birth_name = |
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| residence = [[Edgeworth, Pennsylvania]], U.S. |
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| nationality = American |
| nationality = American |
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| other_names = Ed Stack |
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| education = [[St. John Fisher College]] ([[Bachelor of Arts and Science|B.A.S.]], 1977) |
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| years_active = 1984–present |
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| occupation = |
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| employer = [[Dick's Sporting Goods]] |
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| net_worth = {{US$|1.2 billion|link=yes}} (February 2018) |
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| 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> |
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| title = [[Chairman]] and [[Chief executive officer|CEO]] of Dick's Sporting Goods |
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| children = |
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| boards = {{Plainlist| |
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* [[Greater Pittsburgh Chamber of Commerce]] |
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| parents = Richard Stack |
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* Jay H. Baker Retailing Initiative |
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| website = |
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* [[National Retail Federation]] |
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'''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> |
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'''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. |
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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"/> |
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==Career== |
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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> |
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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"/> |
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== Career == |
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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" /> |
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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> |
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Stack is estimated to have a net worth of {{US$|1.2 billion|link=yes}} as of February 2018.<ref name="Begley" /> |
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=== Board service === |
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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> |
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== Recognition == |
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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> |
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== References == |
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{{Wikiquote}} |
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{{Dick's Sporting Goods}} |
{{Dick's Sporting Goods}} |
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Revision as of 17:55, 12 November 2018
Edward W. Stack | |
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Born | 1954 or 1955 (age 69–70)[1] |
Nationality | American |
Other names | Ed Stack |
Education | St. John Fisher College (B.A.S., 1977) |
Years active | 1984–present |
Employer | Dick's Sporting Goods |
Title | Chairman and CEO of Dick's Sporting Goods |
Board member of |
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Parent |
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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
- ^ a b c d e Gunther, Marc (April 27, 2010). "Retail's rising star". Fortune. ISSN 0015-8259. Retrieved June 7, 2018.
- ^ a b c d "Edward Stack". Forbes. ISSN 0015-6914. Retrieved June 7, 2018.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ Stevens, Kevin (February 22, 2018). "Richie Karl among Greater Binghamton Hall of Fame inductees". Press & Sun-Bulletin. Retrieved June 8, 2018.
- ^ a b "Pittsburgh Business 2001: The Leaders, 41 – 50". Pittsburgh Post-Gazette. March 25, 2001. Retrieved June 8, 2018.
- ^ "Dick's Sporting Goods to open at Crossroads Bellevue". Bellevue Reporter. October 20, 2017. Retrieved June 7, 2018.
- ^ 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.
- ^ "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) - ^ Williams, Christopher C. (February 23, 2013). "A Long-Distance Runner". Barron's. ISSN 1077-8039. Retrieved June 7, 2018.
- ^ 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.
- ^ 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.
- ^ Schooley, Tim (March 22, 2018). "Stack presses Congress to act on new gun control legislation in essay". Pittsburgh Business Times. Retrieved June 7, 2018.
- ^ Gibson, Keegan (March 21, 2011). "Roarty: Dicks Sporting Goods CEO Ed Stack Mulling Challenge to Casey". PoliticsPA. Retrieved June 8, 2018.
- ^ "Board of Directors". National Retail Federation. Retrieved June 8, 2018.
- ^ 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.
- ^ "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) - ^ a b c Hartford, James (October 31, 2005). "Six Elected to Sporting Goods Hall of Fame". SGB Magazine. SGB Media. Retrieved June 8, 2018.
- ^ "History Makers Awards and the week in review ..." Pittsburgh Post-Gazette. May 1, 2005. Retrieved June 8, 2018.
- ^ "Hall of Fame Members" (PDF). National Sporting Goods Association. Retrieved June 8, 2018.
- ^ "Fisher Celebrates 62nd Commencement". St. John Fisher College. May 7, 2016. Retrieved June 8, 2018.
- ^ 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.