The article states that he was always a hard-worker, and smart too. As a kid, he "organized a group of boys to pick cockleburs out of cornfields for 25 cents an hour, pocketing a nickel from each as commission." He was a child of the Great Depression, and took that with him as he became an adult.
He married a woman named Eloise, who died recently in 2003. One of his greatest accomplishments was that "in 1986, Pohlad sold MEI Inc., a Pepsi-Cola bottling company, for more than $600 million." In 1992 he also "sold Marquette Bank to First Bank System, now U.S. Bancorp, for $230 million." He kept the rights to the Marquette name, building another banking entity, and in 2001, Pohlad sold Marquette to Wells Fargo for an estimated $1 billion in cash and stock. He was a savvy businessman, and knew what he was doing.
The article also states that "The Twins, which Pohlad acquired in 1984 for about $38 million, are worth more than $300 million, according to estimates."
It was also good to hear that the Pohlad family has given over $10 million dollars annually to charities.
Being a Twins fan myself, I was sad to hear that Pohlad had died. I am friends with his great-niece, and she said her family had been expecting it for a while. Pohlad lived a long, prosperous, and successful life- that is mostly all that anyone could want, right?
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Stacey
5 comments:
Stacey, I too was saddened by Carl Pohlad's death. After reading many of the obituaries and commemorative articles, it really is a shame he died. He seemed like a nice guy.
I was pretty pissed off when I heard this becuase Carl was an amazing baseball owner and the Twin's didn't deserve to lose someone like that. I actually got to meet Carl Pohlad at a Twin's game and he was a very nice, humble man. Hopefully the Twin's can bounce back and win a championship for Carl.
Stace!
So sad! He seemed to live a very eventful life however, and the Twins obviously did great with him at their side!
I was sad to hear that Carl Pohlad died. He was a great owner for a long time and helped get the twins to where they are today. He also seemed like a good guy.
I was very sad to hear of his death. I'm also a huge Twins fan. He was a great owner, and seemed really involved with the team. My dad's company is also owned by him, so I'm wondering what will happen with the Twins and the other companies he owns.
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