Last Updated: 11 Oct, 2023 | Views: 1114
Age: 71
Profession: Business Men
Other Profession(s): Entrepreneur
Famous For: Charlie Ergen
Higher Education: BA, MBA
About (Profile/Biography):
Charles William Ergen is a multibillionaire businessman from America. He is a co-founder and the chairman of EchoStar and Dish Network. In favour of Joseph Clayton, he resigned from his position as CEO of Dish in May 2011. After Clayton retired in March 2015, Ergen resumed his role as CEO. He held the position until December 2017, when he appointed president and COO Erik Carlson to the position while continuing to serve as chairman. According to Reuters, the change was made to free Ergen from the day-to-day duties of managing DISH and give him more time to expand the company's developing cellular operations. Ergen holds 48% of the shares in Dish and 46% of the shares in Echostar.
Career:
In 1976: Ergen worked for Frito-Lay as a financial analyst.
In 1978: To become self-employed, he "retired" from Frito-Lay.
In 1980: A new business called EchoSphere Corporation was created by Ergen, Candy, and Jim DeFranco, with a $60,000 investment in two C-Band antennas, targeting rural Colorado.
In 1990: Through the sale of junk bonds and the purchase of orbital slots, Ergen raised $335 million for EchoStar.
In 1993: Ergen doubled EchoStar's net income to $20.4 million.
Achievements and Awards:
In 1996: Rocky Mountain News awarded Ergen its Business Person of the Year honour.
In 2001: He was awarded Business Person of the Year a second time.
In 2012: Ergen received an induction into the Hall of Fame for Consumer Electronics.
Unknown Facts:
In Colorado in 1980, Ergen started his first mobile satellite dish business.
In 1996, he marketed Dish to the public.
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