Eighty years ago in September 1943, Australia's newspaper owners feared the worst when Labor's Arthur Calwell was sworn in as minister for information in John Curtin's wartime government. AMBSE Ventures, a subsidiary of AMB Sports and Entertainment, is an investment fund foundationally rooted in AMBSEs organizational core values and entrepreneurial spirit, which have driven numerous fan-friendly innovations in the industry while growing enterprise value. In the case of Bob Nardelli [former Home Depot CEO who succeeded Blank], sadly, they let go of a tremendous number of full time people that were experienced to try to save some money. But the Home Depot co-founder added, "if you don't care about people, profit and the planet at the same time, profitability by itself isn't really enough. Our store managers, after a while, would track any Ben Hill calls they got. We really got a very strong understanding of not what was in a report that was filtered 12 times over before it got to my desk, but just reality. Blank said one of the key ideas he explores in his book the personal profits from which are being donated to theNational Center for Civil and Human Rights in Atlanta is the importance of establishing a "sense of neighborhood, even within a company, and having a higher purpose than just making money. Atlanta-based PGA Tour Superstore is continuing its nationwide expansion. Operating approximately 27,000 acres in Paradise Valley bordered by the entrance to Yellowstone National Park, the Yellowstone River, and Gallatin National Forest, AMB West is committed to serve and conserve by thus far granting $8 million in Montana-focused efforts on early childhood development, health and wellness including suicide prevention, and conservation of the lands natural beauty for current and future generations to enjoy. The customer's always going to be right. Blank retired from the company in 2001 as co-chairman. Consistent with the way he approaches work and life, his favorite T-shirt appropriately reads, "There is no finish line.". New look for Lions' backfield? stream endobj Bernard Marcus was CEO of Handy Dan and Blank was vice president of finance when both were fired in 1978 as part of an internal power struggle. In 2002 eight Home Depot employees earned medals in the winter Olympic Games and the Paralympics. Cofounder of the Home Depot and owner of the Atlanta Falcons football team, Blank also established the Arthur M. Blank Family Foundation in 1995. Blank is applying the same business acumen and values in building his competitive, successful and community-oriented businesses today. McKay currently awaits reinstatement to the NFL's competition committee. In addition to the Arthur M. Blank Family Foundation, the Blank Family of Businesses includes the NFL's Atlanta Falcons and MLS's Atlanta United; the nationwide PGA TOUR Superstore; three. 2023 The Blank Family of Businesses. "This person needs to pass the cultural fit test, and it's also important to me that he or she is capable of retaining, motivating and developing the teams that we have in place in all of our businesses.". Blank retired as cochairman of the Home Depot in 2001. Perhaps best known as co-founder of The Home Depot, Arthur Blank is now widely recognized for his diverse businesses. Perhaps best known as co-founder of The Home Depot, Arthur Blank is now widely recognized for his diverse businesses. Blank has been distinguished by Forbes as one of the Worlds 100 Greatest Living Business Minds 2017, Sports Business Journals Executive of the Year 2018 and Sports Business Journals one of the 50 Most Influential People in Sports 2016, 2017, 2018. New York investment banker Ken Langone assembled the initial group of investors and merchandising expert Patrick Farrah helped founders realize their vision of one-stop shopping for the do-it-yourselfer. The Home Depot has long been a target for environmental groups that claim the company (and other home-improvement chains) buys and sells wood products obtained from endangered forests; others have complained that the massive size of the company (known in some circles as Wal-Mart with a hammer) makes it impossible for smaller retailers to compete in shared markets. a lot of that is not the same.". Arthur Blank and Bernie Marcus cofounded Home Depot in 1978 after being fired from their jobs at a regional hardware store. Arthur Blank's 'Good Company' shares secrets for success in business In 2017, just its first year in existence, Atlanta United posted an average home attendance exceeding 48,000, a new record for the league. And they would tell us whatever the issue was. That has a place in terms of the future of our country and the future of our economy people being able to work effectively through challenges. He is a signatory of The Giving Pledge committing himself to give away at least 50% of his wealth to charitable causes. Arthur Blank Family of Businesses | AMBFO | AMB Group In addition to the company's financial success, during his 23 years with The Home Depot the company donated more . 81% of employees at The Arthur M. Blank Family of Businesses say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Arthur Blank - Wikipedia Blank, who co-founded The Home Depotin 1978, is now owner of the NFL's Atlanta Falcons and Atlanta United of Major League Soccer. Our job is to make every single customer happy. Bayer Leverkusen has signed wing-back Arthur in a deal worth 7 million ($7.6 million) from Brazilian club America Futebol Club. Named by ESPN as the 2021 Sports Philanthropist of the Year, Blank is a. To Home Depot cofounder Arthur Blank, profit and purpose go hand in hand. A crew from the Arthur M. Blank Family Foundation, headquarted in Atlanta, drives nails during a Habitat for Humanity house-raising. The Arthur M. Blank Family of Businesses announced Wednesday it has closed on the purchase of Paradise Valley Ranch, a 9,300-acre property. You just may hear stories of hot dogs and tailgate parking lots, too. The 26-year-old Brazilian midfielder and his club are at a crossroads, and havent quite been the right match for each other. Blank's visit to the . While diverse in nature, all of Arthur Blank's businesses are run based on a common set core of values which focus on developing customer relationships, treating people with respect, and supporting communities. PGA TOUR Superstore provides golf and tennis players alike with unparalleled selection, exceptional services and guaranteed low prices. BI: You wrote in "Good Company" about the issue of retailers forcing out experienced full-time store employees in favor of untrained or under-trained part-time workers. Blank chairs the capital campaign to fund the new Atlanta Symphony Center for performances of the Atlanta Symphony Orchestra, and he was cochair for a similar campaign to construct the Centennial Olympic Games Museum at the Atlanta History Center in Buckhead. Business Insider: You and your cofounder Bernie Marcus were known to don orange aprons and pitch in at stores. We had dinner out, and I saw all these restaurants throughout Manhattan that had opened up on the sidewalks. Blank, a co-founder of the Home Depot and owner of the . And take care of our associates because they're the biggest asset we have. The Arthur M. Blank Family Foundation pledged $ 3 million to the Public Safety First Campaign, according to a September 2022 report presented at an APF board meeting, which the movement-aligned . Blank shared a vision and a roadmap for values-based business in Good Company, a national bestseller released in 2020. Atlanta Falcons owner Arthur Blank to hire CEO to oversee all What was working and what wasn't. A Member of the Blank Family of Businesses. He applied his learned talents to running a business. Construction on the new venue began in 2014, but repeated delays postponed its opening until August 2017. He is best known for being a co-founder of the home improvement retailer The Home Depot. After working for a few years at an accounting firm, he went to work for his fathers small pharmaceutical company. Rob Kinmonth/The LIFE Images Collection via Getty Images/Getty Images, NOW WATCH: 'If we can fix this problem, we will actually make America great again' Henry Blodget's full 'Better Capitalism' presentation, Visit Business Insider's homepage for more stories. Courtesy of Arthur M. Blank Family Foundation. AMB West in Montana includes three stunning profit and non-profit ranches that bring people together in meaningful ways. He serves on a number of boards, including those of the Carter Center, the Commerce Club, the Cooper Institute, Cox Enterprises,Emory University, and Staples Inc. Starrs, Chris. Blank is dedicated to his own giving back. See what employees say about what makes The Arthur M. Blank Family of Businessesa great workplace. Blank has an estimated $6 . Arthur Blank stepped down from his role as Home Depot CEO in 2001. Arthur M. Blank - Owner and Chairman - Blank Family of Businesses All Rights Reserved. PDF Arthur Blank Owner & Chairman, Blank Family of Businesses Welcome - Mountain Sky Guest Ranch Arthur M. Blank (born September 27, 1942) is an American businessman. Businesses tend to aspire to be innovative, but few are consistently effective at making it happen. Blank has been distinguished by Forbes as one of the World's 100 Greatest Living Business Minds 2017, Sports Business Journal's Executive of the Year 2018 and Sports Business Journal's one of the 50 Most Influential People in Sports 2016, 2017, 2018. About Arthur Blank Arthur Blank and Bernie Marcus cofounded Home Depot in 1978 after being fired from their jobs at a regional hardware store. Atlanta Falcons owner and chairman Arthur Blank plans to hire a chief executive officer to oversee all of his for-profit businesses, including the Falcons, he said in a statement released to ESPN.com on Wednesday night. % Blank, co-founder of The Home Depot Inc (NYSE: HD), is now the 11th richest owner in sports. So, he's opening up his wallet to get on the ground floor with the next wave of entrepreneurial talent. Today, he owns the NFL's Atlanta Falcons and several other businesses. We believe that everyone has a meaningful and important role to play, and by leading with courage and compassion, we can change the world one person, one family, one community at a time. Get this delivered to your inbox, and more info about our products and services. In 1978, Ken Langone made an early investment in Home Depot and became a cofounder with Arthur Blank and Bernard Marcus, now billionaires. "But particularly today's younger population, they're not only seeking but they're demanding companies, organizations, think more broadly about their purpose. Arthur Blank Proves That Successful Branding Principles are Universal In 2003 Blank settled a federal lawsuit filed by a former Falcons employee who claimed she was fired after complaining about sexual harassment experienced by the organizations female workers. Diverse in nature, Arthur Blank's businesses operate under a common set of core values, which serve as a moral compass for the way we serve our customers, associates and communities. Uniquely leveraging all the socially responsible Blank Family of Businesses, the Foundation has thus far granted $600 million to create social, economic and environmental value for our communities while serving those in need. Today, The Home Depot is the world's largest home improvement retailer with approximately 500,000 orange-blooded associates and more than 2,300 stores in the U.S., Canada and Mexico. [4] He was born to Max Blank, a pharmacist, and Molly Blank. Arthur M. Blank was born in the Queens borough of New York City in 1942 to Molly and Max Blank. Since purchasing West Creek Ranch in 2017, Arthur M. Blank has preserved the spectacular 6,600-acre Montana property and transformed it into an inspired philanthropic space offered by invitation-only to select nonprofit partners, business partners and Associates of the Blank Family of Businesses. Arthur Blank, Owner and Chairman at Blank Family of Businesses | Terry Which meant that the store manager owned the store, and owned every customer in the store. Despite the teams success, Blank determined that a new stadium would be necessary if the franchise were to remain competitive on the field and meet the leagues evolving standards for stadium design. In 1978, Arthur Blank and his cofounders launched what would become the world's largest home improvement retailer: Home Depot. Blair Goldstein Beasley - The Arthur M. Blank Family Foundation If not, call "Ben Hill"]. The Blank Family of Businesses. ", "I think that that notion of neighborhood also is something that can and should bring this country closer together. xZoFn~(Aq\>@nrm}E",*I7]z0D$;=R _Do*Q~(W*$x GfsOQ5Gb>vQzd) FERIDDiR Blank resides in Atlanta, Georgia and is the father of six children and has six grandchildren. If someone is out in the desert walking around, they're going to be thirsty. I've seen that in our golf business. He brought pro soccer to Atlanta with his Major League Soccer team Atlanta United FC, which started playing in March 2017. What is more, it allowed the Home Depot founder the opportunity to purchase a second professional sports team, Atlanta United FC of Major League Soccer. Degree in Business Administration with Distinction from Babson College. In early 2006, he temporarily withdrew from contention as a potential buyer of the Atlanta Braves of Major League Baseball. We didn't take care of this customer that was in the store. Blank, who turns 73 next month, has a list of businesses that includes the Falcons, MLS Atlanta, PGA Tour Superstore, The Arthur Blank Family Foundation, Mountain Sky Guest Ranch and AMB Group. This 2012 photograph shows the Home Depot corporate offices in Atlanta. All Rights Reserved. Whether it was an assortment issue, a price issue, an out-of-stock issue or whatever it may be. While an undergraduate at Babson College in the early 1960s, he started a landscaping and laundry pick-up service to cover his expenses. That means supporting them during a difficult period of time financially and every way that we can. "Arthur Blank." "And while I will always be heavily involved in our business strategies, I now feel that the best role I can play in our businesses is one of founder, chairman and most senior cheerleader, spending less time on the day-to-day management oversight. The next year Tony Stewartwearing the companys familiar orange and white colorswas named the Winston Cup rookie of the year. Arthur Blank buys 9,300-acre ranch in Montana - Atlanta Business Chronicle Through his Foundation and businesses, Blank has donated nearly $7 million to COVID-19 pandemic relief. In New Georgia Encyclopedia. Ken Langone - Forbes After the two men were fired from the company in 1978, they decided to merge their assets and create the Home Depot. Fresh off being fired from the retailer Handy Dan, Blank and Marcus teamed up with investor Ken Langone and merchandiser Pat Farrah to found Home Depot in 1978. Blank has also founded an expansion Major League Soccer franchise named Atlanta United FC that began play in 2017. And then look to 2021. That's a way they can expand their business. Instead of making a friend in the store, we made them actually resort to a process that is not very personal.". They're people-watching. "I have a strong desire to spend more quality time with my family, which now includes four-going-on-five grandchildren, as well as to concentrate more of my time on our philanthropic endeavors," Blank said. People are out on the streets enjoying some fresh air at a restaurant. "If you don't care about people, profit and the planet at the same time, profitability by itself isn't really enough," Blank said on "Power Lunch." Arthur Blank's soon-to-be-released book - Good Company - is a treasure-trove of secrets for business and life. Great Place To Work Institute. Blank is dedicated to his own giving back. In 2014 the Georiga Historical Society and the Office of the Governor named Blank a Georgia Trustee. The foundation also leads giving programs for each of the for-profit businesses in Blank's portfolio. In September 2004, he bought the Arena Football League franchise, the Georgia Force; he moved the team to the city of Atlanta after it had spent several years in suburban Gwinnett County. A state-of-the-art, 71,000-seat facility, Mercedes-Benz Stadium has been described as iconic by its admirers, but the venues construction was not without difficulty. Blank's health had nothing to do with the decision, he told The Atlanta Journal-Constitution. [3], Arthur Blank was born to a Jewish family in Flushing, New York. Blank retired as Home Depot's co-chairman in. Falcons Front Office Roster | Atlanta Falcons - atlantafalcons.com How did you balance that with avoiding micromanaging? The multi-purpose stadium is also host to marquee sports, civic and cultural events. ". In February 2002 Blank bought the Atlanta Falcons, a National Football League (NFL) team, for $545 million. 2023 Best Workplaces award deadlines are closing soon. Although he has enjoyed great professional success and acclaim, he has also faced some setbacks. PGA TOUR Superstore provide golf and tennis players with unparalleled selection, exceptional services and guaranteed low prices. Its time our financial industry brought the same attention to the quantum threat that the White House has, starting with the Federal Reserve. And the league knows how I feel about it.". In November 2019, Paradise Valley Ranch in Montana became the latest addition to the Blank Family of Businesses. This website will use cookies based on your browsing activity. After securing sufficient capital and searching nationwide for a suitable location, they opened two stores on June 22, 1979, in Atlanta, which made the city the official home of the Home Depot. [16] They had three children - Joshua Blank, Max Blank, and Kylie Blank - before being divorced. In 2020, Blank released his bookGood Company, a national best-seller, highlighting how the core values successfully used to the build The Home Depot can be applied to varying businesses. After graduating from Babson Institute in 1963,[6] Blank was hired by Arthur Young and Company, where he was a senior accountant. Blank and Marcus envisioned a chain of home-improvement warehouses, larger than any of their competitors facilities, filled with a vast array of products and staffed by customer-service experts. Data is a real-time snapshot *Data is delayed at least 15 minutes. 2023 CNBC LLC. Usually those conversations between ourselves and a store manager were not the most pleasant in the world. The former chief executive of bitcoin and crypto exchange Bitmex Arthur Hayes has predicted a crypto market "powder keg" could go off as soon as this year Its the silliest clich in sports: Nobody expected us to (fill in the blank). Our customers would rate the service we deliver as "excellent. Its Now Easier To Print QuickBooks Checks On Blank PaperAnd Other Small Business Tech News This Week, FC Barcelona Reportedly Interested In Signing Brazil U20 Star Arthur From America-MG, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. It is highly recommended that you use the latest versions of a supported browser in order to receive an optimal viewing experience. In 2017 the Home Depot reported $100.9 billion in sales. You could ask them what were you looking for and why didn't you find it? Blank resides in Atlanta, Georgia and is the father of six children and has six grandchildren. Overtime, he found his purpose - to create a business which would revolutionize its category.
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