Sunday, August 4, 2013

Jeremy Jacobs Sr.: Taking Over

One does not have to be original to be successful.  To achieve great things in life you simply just have to give the best when an opportunity comes along. There is also the need to be patient and staying the course. Looking for instant results many only mean short-term successes.

Jeremy Jacob, Sr. is the chairman and CEO of Delaware North Companies. He did not found this company. It was founded by his father Luis and his two uncles, Charles and Marvin in 1915. The company first sold concessions in theaters. Next they entered major league ballparks. In the 1950s the health of his two uncles were failing so his father Louis took over the company.
Then it was Jeremy’s turn to take over the company in 1968 upon the death of his father. He was 28 years old at the time. Jeremy was born on January 21, 1940 in Buffalo, New York. He earned his B.A. from the University of Buffalo’s School of Management and completed the Harvard School of Business Advanced Management Program.

Today the company he took over from his father is one of the largest privately held firms in North America. Delaware North Companies is a hospitality and food service enterprise the does business worldwide.  It is based in Buffalo, New York and operates in the lodging, sporting, airport, gaming and entertainment industries.
Delaware North provides food, drinks and entertainment at 200 venues in four countries. Among the venues it operates in includes Boston’s TD Garden (home of the Celtics), Oriole Park at Camden Yards in Baltimore, and London’s Wembley and Emirates Stadiums.  North Delaware has more than 55,000 employees all over the world and has annual revenue of over $2.5 billion.

While most of his wealth stems from Delaware North, Jeremy is better known in the sporting world as the owner of the Boston Bruins of the National Hockey League. He has owned the Bruins since 1975. In 2011 he helped the Bruins win the Stanley Cup after a 39-year drought. It certainly didn’t come overnight and Jeremy made some changes in his management team to help bring it about.  Of late though, he was under fire for his role in the NHL lockout as chairman of the NHL’s Board of Governors.
You can’t please everyone but Jeremy has certainly been achieving in levels not everyone has reached.

 

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