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Friday, 19 March 2010 - Apple director Jerry York dies at 71 |
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    Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Insurer targeted HIV patients to drop coverage 17 Mar 2010 Brewing tensions between the Tea Party and GOP 11:13am EDT New password-stealing virus targets Facebook 17 Mar 2010 Democratic Sen. Barbara Boxer at risk in election: poll 12:11pm EDT At 76, Steinem laments elusive equality for women 17 Mar 2010 New password-stealing virus targets Facebook 17 Mar 2010 Insurer targeted HIV patients to drop coverage 17 Mar 2010 New password-stealing virus targets Facebook users 17 Mar 2010 Brewing tensions between the Tea Party and GOP 11:13am EDT Democratic Sen. Barbara Boxer at risk in election: poll 12:11pm EDT Apple director Jerry York dies at 71 Soyoung Kim DETROIT Thu Mar 18, 2010 1:35pm EDT Related News UPDATE 2-Apple director Jerry York dies at 71 1:31pm EDT Harwinton Capital Chairman, President and CEO Jerry York talks with Reuters reporters during the Reuters Autos Summit in Detroit, Michigan November 2, 2009. Credit: Reuters/Rebecca Cook DETROIT (Reuters) - Jerry York, a long-time adviser to billionaire investor Kirk Kerkorian and executive whose career spanned the auto and technology industries, has died, Apple Inc said on Thursday. U.S.  |  Technology  |  People  |  Media York, who sat on Apple's board, once worked as chief financial officer at International Business Machines Corp and Chrysler, and served on the board of General Motors . The cause of his death was not immediately available. York was hospitalized on Wednesday near his home in Detroit after collapsing. Known as a straight-talking executive, York was a critic of GM during his board tenure from February to October 2006, advocating brand cuts that the automaker opposed but ended up executing in a U.S. government-controlled bankruptcy last year. Speaking at the Reuters Auto Summit in Detroit in November, he called talk of a GM initial public offering in 2010 the "dumbest thing in the world," and said Chrysler has a "50-50 chance" of survival under the new leadership of Fiat. "Jerry joined Apple's Board in 1997 when most doubted the company's future. He has been a pillar of financial and business expertise and insight on our board for over a dozen years," Apple Chief Executive Steve Jobs said. "It's been a privilege to know and work with Jerry, and I'm going to miss him a lot," Jobs said. York, 71, also served as president and chief executive of Harwinton Capital. York joined Apple's board of directors as Steve Jobs returned to lead the technology giant following more than a decade away from Apple, which he co-founded. York was reelected to Apple's board just a few weeks ago at the company's annual meeting, along with the company's six other directors. It was not immediately clear if or when Apple planned to name another director nominee. An Apple spokesman declined to comment beyond the company's statement. York was born in Memphis, Tennessee, in 1938. He graduated from the United States Military Academy, and received an MS from the Massachusetts Institute of Technology and an MBA from the University of Michigan. York was involved in Kerkorian's failed bid for Chrysler in 2007 and the billionaire's investment in GM and Ford Motor Co. York resigned from GM's board following a fight with the automaker's executives after they blocked his proposed alliance with French-Japanese automaker Renault-Nissan. (Reporting by Soyoung Kim in Detroit; Additional reporting by Gabriel Madway in San Francisco; Editing by Robert MacMillan and Richard Chang) U.S. Technology People Media Comments See All Comments (1)  |  Post Comment Mar 18, 2010 1:39pm EDT I worked at MicroWarehouse when Mr. York owned them. Maybe it was his biggest failure, but he bought into a so-so company that was already on the downswing right when computer prices dropped to almost no margin. The old-timers still bad mouth Mr. York now, failing to realize that the problem with the company stemmed from the ‘good old days’ when money flowed like wine because margins were huge and the owner didn’t budget well. For me? I thought he did a hell of a job keeping it afloat as long as he did. And the way he wound up structuring the sale/bankruptcy/layoffs was a hell of a lot more than most owners would do. He went out of his way to try and get more for us than he could have. RIP Mr. York. slntwtchr Report As Abusive       See All Comments (1)       Add a Comment More from Reuters Special Report: Tea Partiers vs. Republicans Tea Partiers want it known that they are not Republican Party lapdogs, but are they a fringe movement or a sleeping giant, awakened?  Full Article  CBO: Health bill to cut deficit Democrats predicted weekend passage of a sweeping healthcare overhaul that budget analysts say would hit fiscal targets and cut the deficit.  Full Article  CBO's score: A poor track record Document: The CBO report Health expenditure around the world Healthcare Reform Adoration is not a strategy A graduate student has Wall Street buzzing after offering some straight-shooting advice on investing in Warren Buffett’s empire.  Full Article  Warren Buffett gets pay rise Factbox: Top 20 richest people Berkshire Hathaway © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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