# Edgar Kaiser Jr. > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Edgar_Kaiser_Jr. > Markdown URL: https://mediated.wiki/source/Edgar_Kaiser_Jr..md > Source: https://en.wikipedia.org/wiki/Edgar_Kaiser_Jr. > Source revision: 1356138751 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|American-Canadian financier (1942-2012)}} {{Use mdy dates|date=November 2024}} {{Infobox person | name = Edgar Kaiser Jr. | birth_name = Edgar Fosburgh Kaiser Jr. | birth_date = {{birth date|1942|7|5}} | birth_place = [Portland, Oregon](/source/Portland%2C_Oregon), [United States](/source/United_States) | death_date = {{death date and age|2012|1|11|1942|7|5}} | death_place = [Toronto](/source/Toronto), Ontario, Canada{{cite news|url=https://www.nytimes.com/2012/01/23/business/edgar-f-kaiser-jr-former-denver-broncos-owner-dies-at-69.html|title=Edgar Kaiser Jr. Dies at 69; Owned Denver Broncos|work=New York Times|date= January 23, 2012}} | citizenship = United States, Canada | occupation = Financier | relatives = [Henry J. Kaiser](/source/Henry_J._Kaiser) (grandfather)
[Henry Kaiser](/source/Henry_Kaiser_(musician)) (cousin) | parents = [Edgar Kaiser Sr.](/source/Edgar_Kaiser_Sr.) }} '''Edgar Fosburgh Kaiser Jr.''' (July 5, 1942 – January 11, 2012) was an [American-Canadian](/source/American-Canadian) [financier](/source/financier) and a former owner of the [Denver Broncos](/source/Denver_Broncos) [American football](/source/American_football) team.{{cite web|url=http://sportsillustrated.cnn.com/football/news/2003/07/19/broncos_lawsuit_ap/|title=Lawsuit could force change in Broncos ownership|website=Sportsillustrated.cnn.com|date=July 19, 2003|access-date=January 14, 2012|archive-url=https://archive.today/20120715230022/http://sportsillustrated.cnn.com/football/news/2003/07/19/broncos_lawsuit_ap/|archive-date=2012-07-15|url-status=dead}} ==Early life and education == Kaiser was born in [Portland, Oregon](/source/Portland%2C_Oregon), on July 5, 1942, and was the grandson of shipbuilding industrialist [Henry J. Kaiser](/source/Henry_J._Kaiser).{{cite web|url=http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0004211|archive-url=https://archive.today/20130203170654/http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0004211|url-status=dead|archive-date=February 3, 2013|title=Edgar Kaiser Jr.|website=Canadian Encyclopedia}} He earned a BA degree from [Stanford University](/source/Stanford_University) and an MBA degree from [Harvard University](/source/Harvard_University).{{cite web |title=Our Founder |url=http://www.kaiserfoundation.ca/who/founder.php |website=KaiserFoundation.ca |archiveurl=https://archive.today/20110706184120/http://www.kaiserfoundation.ca/who/founder.php |archivedate=2011-07-06 |access-date=2011-04-13 |url-status=dead }} ==Career== Kaiser held several corporate positions during his life, including chief executive officer of [Vancouver](/source/Vancouver)-based Kaiser Resources Ltd, the family holding company. Kaiser Resources' coal assets were sold to [British Columbia Resources Investment Corporation](/source/British_Columbia_Resources_Investment_Corporation) and Ashland Oil Canada to [Dome Petroleum](/source/Dome_Petroleum).{{cite web|url=http://www.oiltrash.com/index2.cfm?module=public/mergers&page=mergerlist.cfm|title=Mergers and Acquisitions|website=Oiltrash.com|accessdate=2012-01-14|archive-url=https://web.archive.org/web/20120322164042/http://www.oiltrash.com/index2.cfm?module=public%2Fmergers&page=mergerlist.cfm|archive-date=2012-03-22|url-status=dead}} Kaiser served as chairman and CEO of the [Bank of British Columbia](/source/Bank_of_British_Columbia) from 1984 until the bank's 1986 demise. He also served on the board of directors of several large Canadian companies. Kaiser served as a [White House Fellow](/source/White_House_Fellow) and as a Special Assistant to President [Lyndon B. Johnson](/source/Lyndon_B._Johnson), President [Richard M. Nixon](/source/Richard_M._Nixon), and as a Special Assistant to U.S. Secretary of the Interior [Walter J. Hickel](/source/Walter_J._Hickel). ==Denver Broncos== Kaiser purchased the Broncos from the [Gerald Phipps](/source/Gerald_Phipps) family in February [1981](/source/1981_Denver_Broncos_season) for $29 million.{{cite news |url=https://news.google.com/newspapers?id=mj8jAAAAIBAJ&sjid=TYMDAAAAIBAJ&pg=7009%2C7843681 |work=Deseret News |location=Salt Lake City, Utah |agency=Associated Press |title=Broncos sold to industrialist |date=February 27, 1981 |page=2D}}{{cite web |url=http://www.litigationcolorado.com/articles/broncos_verdict.html |title=Broncos Verdict |accessdate=2014-09-17 |url-status=dead |archiveurl=https://archive.today/20080229173559/http://www.litigationcolorado.com/articles/broncos_verdict.html |archivedate=2008-02-29 }} He sold his 60.8% share of the Broncos to [Pat Bowlen](/source/Pat_Bowlen) in March [1984](/source/1984_Denver_Broncos_season) for $78 million.[http://cbs4denver.com/broncos/Colorado.News.Denver.2.557497.html ]{{dead link|date=January 2012}} He then sued Bowlen for violating the original sales’ agreement, which he contended granted him right of first purchase of any sale of shares in the team. Kaiser claimed Bowlen violated this agreement by offering former Broncos quarterback [John Elway](/source/John_Elway) a 10% stake of the company that holds ownership of the team. In 2004, a jury ruled in favor of Kaiser, and a federal judge decreed that Kaiser was entitled to purchase back 10% of the Broncos using the identical purchase terms offered to Elway.{{cite news|author=James Paton|title=Clock runs out for ex-Broncos owner|date=October 2, 2008|work=Rocky Mountain News|location=Denver, Colorado|url=http://www.rockymountainnews.com/news/2008/oct/02/ex-broncos-owner-denied-chance-buy-back-team/|archive-url=https://archive.today/20130201101716/http://www.rockymountainnews.com/news/2008/oct/02/ex-broncos-owner-denied-chance-buy-back-team/|archive-date=2013-02-01|access-date=2009-10-09|url-status=live}} Bowlen appealed the original verdict that ruled in favor of Kaiser and won the appeal, as the [appellate court](/source/appellate_court) ruled that the structure of the Bowlen-Elway deal did not violate the original agreement. ==The Kaiser Foundation== In 1985, Edgar Kaiser Jr. established the [Kaiser Foundation](/source/Kaiser_Foundation) (unrelated to the American [Henry J.](/source/Henry_J._Kaiser) [Kaiser Family Foundation](/source/Kaiser_Family_Foundation)). It is a [North Vancouver](/source/North_Vancouver_(district_municipality)), British Columbia-based organization established as a Canadian national organization, operated separately from other ventures of the Kaiser family, with the goal of promoting the understanding and importance of mental health and addictions as health issues.{{cite web |title=Foundation |url=http://www.kaiserfoundation.ca/foundation/ |website=KaiserFoundation.ca |archiveurl=https://archive.today/20071011173054/http://www.kaiserfoundation.ca/foundation/ |archivedate=2007-10-11 |access-date=2011-04-13 |url-status=dead }} It has also established the Kaiser Mental Health and Addictions Awareness Foundation and the Aboriginal Peoples' Health Initiative. == Personal life == He became a [Canadian](/source/Canadians) citizen in 1980. He died on January 11, 2012.{{cite news|author=Kirk Mitchell|url=http://www.denverpost.com/breakingnews/ci_19743325 |title=Former Denver Broncos owner Edgar Kaiser dies|work=The Denver Post |date=2010-09-14 |accessdate=2012-01-14}} ==References== {{Reflist}} == External links == * ''[https://www.youtube.com/watch?v=5qczy-0BwJw Rockburn Presents - Edgar Kaiser Jr.]'' (video, 30 mins.), Interview with [Ken Rockburn](/source/Ken_Rockburn), [Cable Public Affairs Channel](/source/Cable_Public_Affairs_Channel), August 9, 2011 * Vicki O’Brien: ''[https://www.bcbusiness.ca/the-reinvention-of-edgar-kaiser-jr The Reinvention of Edgar Kaiser Jr.]'', [BCBusiness](/source/BCBusiness), December 1, 2010 {{Henry J. Kaiser}} {{Denver Broncos owner navbox}} {{Denver Broncos president navbox}} {{DEFAULTSORT:Kaiser, Edgar Jr.}} Category:1942 births Category:2012 deaths Category:Businesspeople from Portland, Oregon Category:American emigrants to Canada Category:Canadian businesspeople in finance Category:Naturalized citizens of Canada Category:Denver Broncos owners Category:Henry J. Kaiser Category:Harvard Business School alumni Category:Stanford University alumni Category:20th-century American businesspeople Category:20th-century Canadian businesspeople --- Adapted from the Wikipedia article [Edgar Kaiser Jr.](https://en.wikipedia.org/wiki/Edgar_Kaiser_Jr.) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Edgar_Kaiser_Jr.?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.