Jerome Bailey York (June 22, 1938 – March 18, 2010) was an American businessman who had served on the Apple Board of Directors. He was the former CFO of IBM and Chrysler. He was a chief aide to Kirk Kerkorian and his Tracinda investment company.[1]
Early life and education
York was born in Memphis, Tennessee, in 1938 and lived in Oakland Township, Michigan. He earned degrees from the United States Military Academy at West Point, the Massachusetts Institute of Technology, and the University of Michigan's Ross School of Business,[1] and was trained as an engineer. A gymnastics injury prevented York from serving in the military.[2]
Career
York joined Chrysler and eventually became the CFO . When Lee Iacocca retired as Chrysler CEO in 1992, York was a leading candidate to succeed him.<ref="wsj">"Turnaround Expert Jerome York Dies at 71", The Wall Street Journal, March 19, 2010. Retrieved on 20 March 2020. </ref> After being passed over as Chrysler CEO, York became CFO of IBM. 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,[3] which GM ultimately affected during bankruptcy in the form of terminating the Pontiac, Saturn, and Hummer brands (after a failed sale attempt to Sichuan Tengzhong) and the sale of its SAAB division to Spyker Cars.[4]
From 1999 to 2003, York was chairman and CEO of Micro Warehouse, which was sold and later went bankrupt.[1] He was also on the board of directors of Apple Computer after Steve Jobs' comeback in 1997.[5]
On March 17, 2010, York collapsed in his suburban Detroit home from a brain aneurysm.[6] He was hospitalized and died the next day. York was the chairman, president, and CEO of Harwinton Capital at the time.[7]
References
- ↑ 1.0 1.1 1.2 Micheline Maynard (March 18, 2010). Jerome B. York, Former Auto Executive, Dies at 71. The New York Times. Archived from the original on March 23, 2010.
- ↑ Bloomberg News. "Jerome York, executive with Apple, Chrysler and IBM, dies at 71", The Washington Post, March 19, 2010.
- ↑ Resignation Letter (October 9, 2006). Retrieved on 20 March 2010.[DEAD LINK]
- ↑ Jerry York, who prodded GM for change, dies at 71. Auto News (March 18, 2010).
- ↑ Apple Director Jerome B. York Passes Away. Apple Inc. (March 18, 2010).
- ↑ Will T (March 18, 2010). Jerry York Passes Away After Stroke. The Different District. Archived from the original on July 10, 2011.
- ↑ Apple Director Jerome York Passes Away At Age 71, TechCrunch. 2010-03-18.
External links
- Jerome York at Crunchbase
- Jerry York (businessman) at Wikipedia
