Walter J. Zable
|Walter J. Zable|
Photo courtesy of Cubic Corporation
June 17, 1915|
Los Angeles, California
|Died||June 23, 2012
San Diego, California
|Cause of death||Natural causes|
|Alma mater||College of William & Mary (B.S)
University of Florida (M.S.)
|Occupation||Founder, chairman and CEO of Cubic Corporation|
|Known for||World's oldest public company CEO at time of death; All-American college football player; semi-professional football player for the Richmond Arrows|
|Home town||Boston, Massachusetts|
|Board member of||University of San Diego|
|Spouse(s)||Betty Virginia Carter Zable
|Website||Cubic Corporation bio|
Walter Joseph Zable (June 17, 1915 – June 23, 2012) was an American businessman, entrepreneur, semi-professional football player and standout college athlete. He was the founder, chairman and chief executive officer (CEO) of Cubic Corporation, a public corporation providing military defense equipment and automated fare collection equipment. At the time of Zable's death, he was the world's oldest public company CEO and Cubic was worth 1.28 billion dollars. Earlier in his life he had played semi-professional football for the Richmond Arrows in the Dixie League. Some sources also mention him as having played for the National Football League's New York Giants, although no official Giants records exist of his having played for the team.
Early life and college
Walter J. Zable was born in Los Angeles, California. However, he grew up in Boston, Massachusetts during the Great Depression while his father worked as a mill worker. Before Zable even reached high school he had already taken a keen interest in electronics. During the daytime he would work on his athletic ability—specifically his football, baseball and track and field prowess—and at nighttime he was enrolled in Boston Trade School where he would take classes at Massachusetts Institute of Technology and Wentworth Institute of Technology. Years later Zable recounted that "electronics and athletics were [his] life." He graduated from high school in 1933.
Zable earned a full athletic scholarship to the College of William & Mary in Williamsburg, Virginia. He chose William & Mary over Harvard University which was much closer to home and also offered him an academic scholarship. Zable suited up for the Indians football team from 1934 through 1936. He enjoyed success on the gridiron and earned honorable mention All-America accolades his senior year. In addition to football, Zable also lettered in baseball, basketball, and track and field.
Football and business careers
Shortly after graduating college in 1937 with a Bachelor of Science degree in physics, Zable played semi-professional football. He played for the Richmond Arrows in the short-lived Dixie League. After a year of playing football, he enrolled in the University of Florida Graduate School and earned his Master of Science degree in physics in 1939. Zable then moved on to business. Prior to starting Cubic Corporation in 1951, Zable worked for Sperry Gyroscope Company, Federal Telecommunications Laboratories of ITT, Flight Research Company, and Newport News Shipbuilding and Dry Dock Company. Along the way he married his first wife, Betty Virginia (Carter) Zable, and then they moved to southern California. He began Cubic Corporation in 1951 to launch his first product, a device used to measure and test microwave output. Over the next six decades, Zable would expand Cubic Corporation into a billion dollar-plus engineering giant that employs approximately 8,000 people worldwide.
Walter J. Zable and his late wife, Betty Virginia Zable, were philanthropists as well. In 1990, for instance, they donated $10 million to their alma mater, The College of William & Mary, and in return the college named their football stadium after him. Back in 1971, he "established the Walter J. Zable/San Diego Chapter of the National Football Foundation and College Hall of Fame (NFFCHF) to help preserve the genuine sportsmanship and integrity exhibited in high school and college football," according to an official San Diego City Council proclamation in honor of his 90th birthday. Players such as Junior Seau and Mark Malone benefited directly from this NFF chapter. Recognizing his contribution to both athletics and his fellow man, the National Collegiate Athletic Association (NCAA) bestowed him with the Theodore Roosevelt Award in 1987, which is the highest honor the NCAA confers. Past winners include George H. W. Bush, Bill Cosby, and Bob Dole.
On June 23, 2012, Zable died at age 97 from natural causes. At the time of his death he was survived by his son Walter C. Zable, daughter Karen (Zable) Cox, and five grandchildren. He was the world's oldest public company CEO and Cubic was worth 1.28 billion dollars.
Awards and honors
- Sports Illustrated Silver Anniversary All-American Football Team (1962)
- William & Mary Sports Hall of Fame (1969)
- San Diego Chapter of the National Football Foundation Distinguished American Award (1979)
- Theodore Roosevelt Award (1987)
- Honored with a "Walter J. Zable Day" in San Diego in June 2005
- Ernst & Young's "Entrepreneur of the Year" (2006)
- Freeman, Mike (June 26, 2012). "CUBIC FOUNDER, WORLD’S OLDEST CEO BUILT EMPIRE". U-T San Diego. Retrieved June 26, 2012.
- Bigelow, Bruce V. (June 26, 2012). "Remembering Walter Zable and Cubic's Era of Electronics Innovation". Xconomy.com. Retrieved June 26, 2012.
- "A TRIBUTE TO WALTER J. ZABLE ON HIS 90TH BIRTHDAY". Congressional Record Volume 151, Number 81 (Friday, June 17, 2005). Government Printing Office. June 17, 2005. Retrieved June 27, 2012.
- "W&M benefactor Walt Zable dies". The Virginia Gazette. Daily Press. June 25, 2012. Retrieved June 26, 2012.
- "Walter J. Zable". Cubic Corporation. 2012. Retrieved June 26, 2012.
- "Walter J. Zable Stadium at Cary Field". TribeAthletics.com. The College of William & Mary. January 1, 1999. Retrieved June 27, 2012.