Daniel C. Ferguson
 | This article's lead section may be too short to adequately summarize the key points. (November 2012) |
Daniel C. Ferguson | |
|---|---|
| Born | May 5, 1927 Freeport, Illinois , U.S. |
| Alma mater | Hamilton College (New York) (1948) Stanford University (1950) |
| Occupation(s) | Retired Vice Chairman, CEO & Chairman of the Board of Newell Rubbermaid Founder, Ferguson Partners, Ferguson Foundation General Partner of Ferguson Partners & Trustee of the Ferguson Foundation |
Daniel C. Ferguson (born May 5, 1927) is an American businessman.
Early life and education
Ferguson was born on May 5, 1927 to Leonard C. Ferguson and Mildred F. Ferguson. Following in his fathers footsteps he attended Hamilton College (New York) where he earned a Bachelor’s Degree in Economics and History Class of 1948.
Business career
In 1950 after earning an MBA from Stanford University he began his business carrier with Newell Rubbermaid and beginning in 1962, the affiliated Newell Companies, including Western Newell, Newell Window Furnishings and Newell Manufacturing were consolidated into a single corporation and was headquartered in Freeport, Illinois. Daniel C. Ferguson was hired as president that same year and elected as a Director in 1965.[2] He developed a growth-by-acquisition strategy based on his intention to build a strong, multi-product company through "Newellization".[3]
Financing and initial public offering
Newell went public in 1972.[4] A year later, they acquired EZ Paintr Corporation, then the world's largest maker of paint applicators. Newell was listed on the New York Stock Exchange with the ticker symbol (NYSE: NWL) in 1979. In 1982, they acquired propane blow torch makers BernzOmatic from Medina New York. A year later, Mirro, a cookware maker was acquired.[5] He rose to power when they made the largest purchase by the company up to that time in 1987[6] with Anchor Hocking Corporation (which included Amerock), a manufacturer of cabinet hardware and window components.[7][8] and was subsequently elected as a Director of The Northern Trust Bank of Florida[9]
On May 5, 1992, Daniel C. Ferguson moved up to the highest position[10] of Newell replacing his cousin William R. Cuthbert. During 1992, they acquired Sanford L.P., a leading manufacturer and marketer of writing instruments, including the Sharpie, Sanford and Expo user brands. The same year they acquired Intercraft, a leading picture frame manufacturer.[11] A year later, they acquired Levolor, a leading manufacturer and marketer of window treatments. Additionally, they acquired Goody hair care accessories and LeeRowan closet organization products.
Newell became the world's largest manufacturer of picture frames, framed art and photo albums with the acquisition of Holson Burnes in 1996. Newell became the world's largest manufacturer of picture frames, framed art and photo albums with the acquisition of Holson Burnes in 1996. 1997 saw the acquisition of Kirsch, a leader in branded drapery hardware and custom window coverings. On May 7, 1997, at the Company's shareholders meeting questions were raised by the press about alleged improprieties of a vehicle which held approximately 700,000 shares of Newell Company.[12][13] In 1998 they purchased Calphalon Corporation, a manufacturer of gourmet cookware marketed primarily to upscale retailers and department stores. Total Return to Investor moved up to number 3 out of the S&P 500 from 1988 until 1998.
Hollywood and the Continued Development of Reality Television
His brain child aired during late 1993 live from the Holiday Inn (downtown) San Diego, California and then from Steven G Trapp's house located at 2905 Keats st. in Point Loma California. The theme was that Dan's daughter Amanda L. Ferguson ( a quest) had just became engaged to a Registered Representative by the name of Steven G. Trapp who is now an Investment Banker & Management Consultant.[14] The preparations involved in his planning to give her away during a very large wedding ceremony happened on December 26, 1993. The program was short lived because of family members[15] in fighting but aired again from January 2002 until August 13, 2002 from 6416 SW Golfview dR. Topeka, Kansas 66614. His role is largely unknow but Reality television saw an explosion of global popularity starting in the summer of 2000.
The Newell Rubbermaid merger
Ferguson then attempted a 14 Billion merger with Rubbermaid to try to restore confidence of others which failed to produced the expected results. As of October 2012, more than 12 years after the merger, the Newell stock price (NYSE: NWL) was still valued at less than half of the 1999 pre-merger price.[16]
Philanthropy
Ferguson has donated over 5 million dollars to Hamilton College (New York).[17]
References
- ^ http://articles.chicagotribune.com/1999-10-10/business/9910100111_1_shares-leslie-j-jezuit-common
- ^ "Newell Co. - Company Profile, Information, Business Description, History, Background Information on Newell Co". Referenceforbusiness.com. Retrieved October 18, 2012.
- ^ "Newell Company: Corporate Strategy" (PDF). Retrieved October 19, 2012.
- ^ "Newell Companies, Inc. Deal - Lehman Brothers Collection". Library.hbs.edu. Retrieved October 18, 2012.
- ^ http://www.highbeam.com/doc/1G1-3996269.html
- ^ "THE RICHES IN MARKET NICHES The fastest-growing companies on the fringe of this year's FORTUNE 500 hold strong positions in specialized markets. Half are good bets to join next year's list. - April 27, 1987". Money.cnn.com. April 27, 1987. Retrieved October 18, 2012.
- ^ "Newell Isn't Bagging Big Game Anymore". Businessweek. July 7, 1991. Retrieved October 18, 2012.
- ^ "Newell Denies Threat to Stanley Works". Apnewsarchive.com. July 31, 1991. Retrieved October 18, 2012.
- ^ http://www.sec.gov/Archives/edgar/data/814453/0000895813-98-000076.txt
- ^ "FERGUSON ELECTED NEWELL CHAIRMAN - Free Online Library". Thefreelibrary.com. Retrieved October 19, 2012.
- ^ "Stanley Works Chief Says Newell Merger Would Cause Upheaval - Hartford Courant". Articles.courant.com. August 4, 1992. Retrieved October 18, 2012.
- ^ "Father, Children In Battle Over Millions - Chicago Tribune". Articles.chicagotribune.com. May 7, 1997. Retrieved October 18, 2012.
- ^ http://articles.chicagotribune.com/1997-05-08/business/9705080254_1_newell-northern-trust-probe-request
- ^ http://www.imdb.com/company/co0222884/?ref_=fn_al_co_1
- ^ http://www.imdb.com/find?q=lars+ferguson&s=all
- ^ "Case example: Newell and Rubbermaid Corporation". Masteringthemerger.com. Retrieved October 18, 2012.
- ^ Media Relations. "Hamilton Alumnus Donates $5 Million to Support Faculty Programs - News, Sports, Events - Hamilton College". Onthehill.hamilton.edu. Retrieved October 18, 2012.