| Jerry York | |
|---|---|
| Born | Jerome Bailey York June 22, 1938[1] Memphis, Tennessee, U.S. |
| Died | March 18, 2010 (aged 71)[1] Pontiac, Michigan, U.S. |
Jerome Bailey York (June 22, 1938 – March 18, 2010), commonly known as Jerry York, was an American businessman, and the Chairman, President and CEO of Harwinton Capital. He was the former CFO of IBM[1] and Chrysler, and was CEO of Micro Warehouse. He was a chief aide to Kirk Kerkorian and his Tracinda investment company.[1] In February 2006, Kerkorian helped elect York to the board of directors of General Motors, from which he had previously resigned.[1]
York was born in Memphis, Tennessee in 1938[1] and lived in Oakland Township, Michigan. He earned degrees from the United States Military Academy at West Point,[1] the Massachusetts Institute of Technology,[1] and the University of Michigan,[1] and was trained as an engineer. A gymnastics injury prevented York from serving in the military.[2]
York eventually became the CFO at Chrysler. When Lee Iacocca retired as Chrysler CEO in 1992, York was a leading candidate to succeed him.[3] After being passed over as Chrysler CEO, York became CFO of IBM Corporation. He later served as a special adviser to investor Kirk Kerkorian during Kerkorian's 2007 failed takeover bid for Chrysler and his other investments in Ford Motor Company and General Motors where he previously served as a board member from February to October 2006 before resigning over frustration resulting from GM's failure to distribute materials to the Board in advance of its meetings and a reluctance to implement change recommendations, including the shedding of peripheral brands,[4] which GM ultimately affected during bankruptcy in the form of terminating the Pontiac, Saturn, and Hummer brands (after a failed sale attempt to Chinese Sichuan Tengzhong Heavy Industrial Machinery) and the sale of its SAAB division to Spyker Cars.[5]
From 1999 to 2003, York was Chairman and CEO of Micro Warehouse,[6] which went bankrupt. He was also on the board of Apple Inc. after Steve Jobs' comeback in 1997. [7][7]
York was also an enthusiast of alternative energy, particularly wind energy. He was the CFO and a Member of the Board at USWind, a wind energy company of which he was a co-founder and active management team member.
York was also part of a team developing the next generation portable computer.
York was hospitalized on March 17, 2010 after collapsing in his suburban Detroit home from a brain aneurysm.[8] He died the next day.[1]
| Book: Apple Inc. | |
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