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The club, which celebrated its 125th anniversary last year, played an essential role in the sale of member Andrew Carnegie’s steel interests to J.P. Morgan and others in 1901.
By 1903, there were nearly 600 members including summer visitors; annual dues were $25; visitors paid $1 per day; and the links were open year round.
Players included five-time British Open Champion J. H. Taylor, the talented amateur Walter Travis, and the 1910 United States Open Champion Alex Smith.
By 1912, Young experienced financial problems that forced him to sell his estate to the Hollywood Golf Club.
However his greatest achievement took place in 1941 at Cherry Hills C.C. in Denver, CO where in the finals, he beat Byron Nelson on the 38th hole to win the PGA Championship.
Although there have been many changes in the manufacture of golf clubs, perhaps the single biggest change at the outset was the development of the carbon steel golf shaft by True Temper Sports in 1952.
In 1957 an “ad hoc” committee was formed to devise a modernization plan that would substantially upgrade the clubhouse.
1961: Jack Nicklaus turns pro.
In 1962, he won the United States Open, only the first in an impressive string of victories.
Nicklaus began working on a course in Columbus called Muirfield Village around 1967.
Nicklaus chafed at being handled by Palmer's manager, and in 1968 he left McCormack.
Nicklaus also lost weight in 1969 and let his hair grow, making him more photogenic.
In 1970, the company incorporated as Golden Bear International Inc.
He continued to play incredible golf, winning the British Open in 1970, and then seven more major tournaments over the next five years.
After co-designing with great names in the field, Nicklaus decided to strike out on his own in 1973.
In 1976, Nicklaus hired Charles E. Perry to take over the running of Golden Bear.
By 1981, Nicklaus had made some $3.6 million playing golf over his career so far.
Jack Nicklaus was named Player of the Century in 1988, and is considered to be the greatest golfer in the history of the game.
In 1993, the company entered a joint venture with Club Corp.
Pro golfers who have earned victories at Las Vegas National Golf Club include Jack Nicklaus, Arnold Palmer, and Tiger Woods, who played the course in 1996 when he won his first PGA Tour event.
The stockholder class-action suit was settled by mid-2000 with a settlement of $3.5 million.
The marketing change by firms, such as Golf Galaxy (which was purchased by Dick’s Sporting Goods in 2003) allowed those golfers, who weren’t private club members, to purchase apparel as well as golf clubs, which were unavailable to golfers at public golf courses.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hyperion Field Club | 1900 | $5.0M | 125 | - |
| Mankato Golf Club | 1951 | $5.0M | 99 | - |
| Chambersburg Country Club | 1921 | $5.0M | 50 | 2 |
| QUOGUE FIELD CLUB | 1887 | $5.0M | 50 | - |
| Kemper Lakes Golf Club | 1979 | $1.8M | 31 | - |
| Merion Golf Club | 1896 | $50.0M | 100 | 5 |
| Somerset Hills Country Club | 1899 | $10.0M | 37 | - |
| Plum Hollow Country Club | 1921 | $5.0M | 30 | - |
| The Beverly Country Club | 1908 | $5.5M | 96 | - |
| White Beeches GCC | 1902 | $10.0M | 12 | - |
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