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The Random Acts of Kindness Foundation history
The Random Acts of Kindness Foundation company history timeline
1958: The Anschutz Corporation is founded by Fred Anschutz, an oil wildcatter.
Inc. when it was formed in 1960.
Philip Anschutz bought his father out in 1961.
1962: Philip Anschutz takes over Anschutz Corporation from his father.
1968: The younger Anschutz makes his big strike as a wildcatter.
Universal just happened to be filming Hellfighters, which had John Wayne playing Adair, and were pleased to be able to take footage of a real fire and the real Adair in action. It was not until 1968 that he made his first major strike--and his first million--while contract drilling for Chevron near Gillette, Wyoming.
For records after 1975, please contact the Colorado Secretary of State's Office, Commercial Recordings.
In 1978 Amoco Corporation discovered a huge reservoir of oil and natural gas adjacent to this ranch—what turned out to be one of the largest discoveries since Alaska's Prudhoe Bay.
Santa Fe Industries Inc. had purchased Southern Pacific in 1983 with the intention of merging SP with the Atchison, Topeka & Santa Fe Railway (known as the Santa Fe), one of SP’s main competitors.
Late in 1984, the partnership was dissolved and the holdings divided between Anschutz and Oxford, with Anschutz keeping the Anaconda Tower (where the company’s offices are still located), Denver’s Fairmont Hotel, and a half-block of undeveloped land in Denver.
Ideal subsequently underwent a restructuring to avoid bankruptcy proceedings in late 1986.
Beginning in 1987, the railroad operated a sleepy subsidiary called SP Telecommunications Company, which installed fiber-optic cable along its tracks for the use of the railroad and for telephone companies.
Anschutz Corp. closed the deal for Southern Pacific in the fall of 1988.
Contributing to the loss was $14 million incurred from the settlement of a class-action lawsuit stemming from one of the 1991 derailments that had contaminated the Sacramento River with weed killer.
Private Company Incorporated: 1992 Employees: 100 NAIC: 551112 Offices of Other Holding Companies
But in 1993, SP slid back to a loss of $149 million.
SP Telecom continued digging trenches along the tracks and laying fiber-optic cable, then leasing the lines to such telecommunications firms as AT & T and MCI. The company began offering its own long distance service to business customers in the Southwest in 1993.
Anschutz hired Moyers as chief executive, and Moyers immediately focused on Southern Pacific’s operating ratio, which stood at 96.5 percent in 1993.
Investor interest in Southern Pacific increased in the several months that followed, so that by February 1994, when a second stock offering of 25 million shares was initiated, they sold for $19.75 per share.
Early 1994 saw another petroleum development with the agreement between Anschutz Corp. and subsidiaries of Chevron Corp. and Texaco Inc. to build the 130-mile Pacific Pipeline between Bakersfield, California, and Los Angeles under the newly formed Pacific Pipeline Systems Inc.
Although SP was still in weak financial condition, Moyers had managed to make a number of improvements, and in February 1995 he once again retired.
Finally, in November 1995 Union Pacific filed an application with the ICC to acquire Southern Pacific.
1995: With Edward Roski, Jr., Anschutz purchases the Los Angeles Kings hockey team.
In 1996 he engineered the sale of Southern Pacific to rival Union Pacific Corporation, pocketing $1.4 billion in profits from an initial $90 million investment.
Anschutz next pulled off a coup by hiring Joseph Nacchio, a top AT&T executive, to run Qwest as CEO (Anschutz remained chairman). Following Nacchio's hiring in January 1997, Qwest inked two additional deals with WorldCom and GTE, similar to the one with Frontier, for another $600 million.
Forest Oil then purchased some of Anschutz's oil and gas properties in 1998 for about $80 million in stock.
The Lakers, the Kings, and another NBA team, the Los Angeles Clippers, began playing in what became the $400 million, 20,000-seat Staples Center in the fall of 1999.
In addition to his move into film production, Anschutz in 1999 purchased companies that were involved in storing video in digital form on computers and in sending high-quality video over fiber-optics lines.
In May 2002 Anschutz took Regal public, through an IPO that raised $342 million from the sale of 18 million shares at $19 apiece.
By August 2002 Qwest's stock had plummeted more than 90 percent, wiping out the paper profits of the company's shareholders.
In 2002 the three companies were then combined into Centennial, Colorado-based Regal Entertainment Group, which started out with 561 theaters and 5,885 screens located in 36 states—nearly twice as large as its nearest competitor, AMC Entertainment Inc.
Walden, meantime, scored a minor hit in 2003 with a film adaptation of the award-winning teen novel Holes , but then suffered a major flop the next year when a remake of Around the World in 80 Days , which cost $110 million to make, grossed only $75 million at the box office.
Regal posted profits of $334 million on revenues of $2.5 billion in 2004.
The first of these was a $150 million version of The Lion, the Witch, and the Wardrobe , slated for release in late 2005.
By the spring of 2005 the print runs of both papers had been doubled, but when—if ever—they might turn a profit was an open question.
In 2008, the school transformed itself again with a move to the Anschutz Medical Campus in Aurora.
State of the School Address 2010
State of the School Address 2012
State of the School Address 2013
State of the School Address 2014
State of the School Address 2016
State of the School Address 2017
A new Veteran's Hospital serving a million vets in the Rocky Mountain region will opened in 2018.
State of the School Address 2018
As of December 2020, the Foundation had distributed 10,392 grants totaling $58,411,427 to nonprofit organizations since its inception.
©2021 Anschutz Family Foundation
"Anschutz Corp. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/anschutz-corp
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The Random Acts of Kindness Foundation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Stifel Financial | 1890 | $49.8M | 7,100 | 140 |
| Citi | 1812 | $74.3B | 210,000 | 1,055 |
| Berkshire Hathaway | 1839 | $371.4B | 360,000 | 316 |
| AT&T | 1983 | $122.3B | 230,000 | 3,228 |
| First Republic Bank | 1985 | $2.3B | 6,295 | - |
| Federal Deposit Insurance | 1933 | $5.5B | 5,977 | - |
| CME Group | 1848 | $6.1B | 4,500 | 46 |
| Apollo Global Management | 1990 | $3.6B | 1,600 | 54 |
| The Williams Companies | 1908 | $10.5B | 5,425 | 274 |
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