David Glass (businessman)
{{Short description|American businessman (1935–2020)}}
{{other people||David Glass (disambiguation)}}
{{Use American English|date=February 2017}}
{{Use mdy dates|date=January 2020}}
{{Infobox person
|name = David Glass
|image = David Glass.png
|caption = Glass in 2016
|birth_name = David Dayne Glass
|birth_date = {{birth date|1935|9|2}}
|birth_place = Oregon County, Missouri, U.S.
|death_date = {{Death date and age|2020|1|9|1935|9|2}}
|death_place = Bentonville, Arkansas, U.S.
|body_discovered =
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|resting_place_coordinates =
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|education =
|alma_mater = Southwest Missouri State College (B.S.)
|employer = Walmart Stores, Inc.
Kansas City Royals
|occupation = Businessman
|years_active =
|title =
|height =
|term =
|predecessor = Sam Walton
|successor = H. Lee Scott
|boards = Wal-Mart
Kansas City Royals
|spouse = Ruth Glass
|partner =
|children = 3
|relations =
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}}
David Dayne Glass (September 2, 1935{{cite book |url=https://books.google.com/books?id=haF1pOaAxNwC&pg=PA96 |title=In Sam we trust: the untold story of Sam Walton ... |pages=96–99 |year=1999 |isbn=0-7494-3177-6 |last=Ortega |first=Bob |access-date=September 20, 2009}} – January 9, 2020) was an American businessman. He was president and chief executive officer of Walmart Stores, Inc. He was also an owner and chief executive officer of the Kansas City Royals.
Early life
The son of Marvin Glass and Myrtle Van Winkle, Glass was born on a farm in Oregon County, Missouri, and grew up in Mountain View, Missouri. He served in the United States Army from 1954 through 1956, then attended Southwest Missouri State College (now Missouri State University) in Springfield.
Career with Walmart
David Glass joined the company in 1976. In his position as executive vice president of finance for Wal-Mart Stores, he administered the overall financial and accounting responsibilities of the company prior to his appointment as vice chairman and chief financial officer. He served in that role until 1984 when he was named president and Walmart’s chief operating officer. Along with Rob Walton, in 1985, Glass managed development of Retail Link program, Walmart's proprietary trend-forecasting software.{{Cite web |last=Hornblower |first=Sam |title=Secrets - Always Low Prices {{!}} Is Wal-Mart Good For America? |url=https://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/pricing.html |access-date=2025-01-05 |website=PBS}} In 1988, he was named Walmart's chief executive officer, stepping down from the position in January 2000. Glass was active in the company's growth from 123 stores in 1976 to its more than 4,000 nationally and internationally in 2005.{{cite web |author=Souza |first=Kim |date=June 14, 2016 |title=Wal-Mart veteran David Glass shares insights on busted watermelons, retail, baseball |url=https://talkbusiness.net/2016/06/wal-mart-veteran-david-glass-shares-insights-on-busted-watermelons-retail-baseball/ |access-date=January 18, 2020 |website=Talk Business & Politics}}
Glass was named Retailer of the Year by members of the retail industry in 1986 and 1991 and was inducted into the Retail Hall of Fame in August 2000. Glass was also a member of the board of Wal-Mart Stores, Inc. from 1976 until his death in 2020.{{cite web |date=July 1, 1995 |title=CEO of the Year 1995 |url=https://chiefexecutive.net/ceo-of-the-year-1995/ |access-date=September 5, 2019 |website=ChiefExecutive.net |language=en-US}}
Career with Kansas City Royals
Glass became the interim CEO and chairman of the Royals on September 23, 1993, following the death of his longtime friend, Royals founder Ewing Kauffman.{{Cite news |date=2000-04-20 |title=Glass has full plate as new Royals owner |url=https://www.newspapers.com/article/the-kansas-city-star-glass-has-full-plat/162293502/ |access-date=2025-01-05 |work=The Kansas City Star |page=B10 |via=Newspapers.com}} Under Glass' leadership, the board cut the payroll from $41 million to $19 million. During the Major League Baseball strike of 1994–1995, Glass opposed any settlement with the players' union without a salary cap, and supported the use of strike-breaking "replacement" players, despite a court ruling that the use of replacement players violated federal labor law.{{cite book |last=Zinn |first=Dave |title=Bad Sports: How Owners Are Ruining the Games We Love |date=July 2010 |publisher=Scribner |isbn=978-1595587824 |pages=133–140}}
On April 18, 2000, Glass became sole owner of the Royals, purchasing the organization from the Kauffman estate for $96 million. The Royals board approved his offer despite a competing bid of $120 million by Miles Prentice. However, MLB rejected Prentice's offer. Even though Prentice offered more money, MLB concluded he did not have enough net worth to withstand substantial losses. With none of Kansas City's wealthy families showing any interest in the Royals (or sports ownership in general), Glass was the only serious bidder who had any interest in keeping the team in town.{{cite web |url=http://d2moo.blogs.cbssports.com/mcc/blogs/entry/18516000/21976091 |title=Why David Glass Can't Sell The Royals|publisher=CBS Sports |accessdate=2011-07-08 |url-status=dead |archiveurl=https://web.archive.org/web/20110708124823/http://d2moo.blogs.cbssports.com/mcc/blogs/entry/18516000/21976091 |archivedate=2011-07-08 }} An original stipulation of the sale was that any profits from Glass' sale of the Royals must go to charity, but that clause expired long before Glass sold the team.{{cite web|last=Martin |first=David |title=David Glass won't say he's sorry for being a crappy owner. |work=The Pitch |publisher=Joel Hornbostel |date=April 11, 2011 |url=http://blogs.pitch.com/plog/2011/04/david_glass_wont_apologize.php |access-date=June 9, 2011 |archive-url=https://web.archive.org/web/20110414131959/http://blogs.pitch.com/plog/2011/04/david_glass_wont_apologize.php |archive-date=April 14, 2011 |url-status=dead }}
For much of his tenure as owner, Glass was criticized for bringing the same cost-cutting management style he used at Walmart to the Royals. Shortly after assuming sole ownership of the franchise Glass appointed his wife and their three children to the board and important senior management roles with the organization, despite the fact that none of them had any meaningful background in baseball. While his cost-conscious managerial style ensured large profits, the Royals were barely competitive for most of the early part of the new millennium. Glass' management is cited for transforming the Royals from a perennial playoff contender in the 1970s and 1980s to one of the worst teams in Major League Baseball during the 1990s and early 2000s.{{cite book | first=Jim | last=Calhoun | title=A Passion to Lead: Seven Leadership Secrets for Success in Business, Sports, and Life | publisher=St. Martins Press |date=September 2008 | isbn=978-0-312-38466-1}}
Glass created a controversy on June 9, 2006, by revoking the press credentials of two reporters who had earlier asked pointed questions to Royals management.{{cite web|url=http://seattletimes.nwsource.com/html/mariners/2003052323_albeat10.html |archive-url=https://web.archive.org/web/20060915200736/http://seattletimes.nwsource.com/html/mariners/2003052323_albeat10.html |url-status=dead |archive-date=September 15, 2006 |title=Royals revoke credentials from 2 radio reporters |access-date=January 18, 2020}} The move to avoid criticism infuriated many within the press and led to a backlash of articles that extended far beyond the Kansas City sports community.{{cite web|url=http://walmartwatch.com/blog/archives/espn_this_david_glass_is_empty/|title=Making Change at Walmart – Change Walmart. Rebuild America.|work=WalmartWatch.com|access-date=March 1, 2017|archive-date=June 12, 2007|archive-url=https://web.archive.org/web/20070612191027/http://walmartwatch.com/blog/archives/espn_this_david_glass_is_empty/|url-status=dead}}
The Royals had four winning seasons during his ownership: 2003, 2013, 2014 and 2015. In 2014, the Royals won 89 games and reached the 2014 Major League Baseball Playoffs for the first time in 29 years. They advanced to the World Series for the first time since 1985.{{cite news|url=http://www.kansascity.com/sports/mlb/kansas-city-royals/article2375748.html | title=Royals win AL Wild Card Game in walk-off thriller, 9-8 |first=Andy | last=McCullough| date=September 30, 2014 |access-date=September 30, 2014 |newspaper=Kansas City Star}} The Royals finished the following year with the best regular-season record in the American League, and a second consecutive victory in its championship series.{{cite news|last1=McCollough|first1=Andy|title=Royals beat Blue Jays 4-3, win back-to-back American League pennants|url=http://www.kansascity.com/sports/mlb/kansas-city-royals/article41289054.html|access-date=October 25, 2015|work=Kansas City Star|date=October 23, 2015}} The Royals then defeated the New York Mets in 5 games to win its first World Series championship since 1985.
In August 2019, Glass agreed to sell the team to Cleveland Indians vice chairman John Sherman, pending approval from Major League Baseball and its remaining owners.{{cite web|last=Snyder |first=Matt |url=https://www.cbssports.com/mlb/news/royals-owner-david-glass-agrees-to-sell-team-to-john-sherman-reportedly-for-more-than-1-billion/ |title=Royals owner David Glass agrees to sell team to John Sherman, reportedly for more than $1 billion |publisher=CBSSports.com |date=August 30, 2019 |access-date=January 18, 2020}} In November 2019, Glass officially sold the team to Sherman.{{cite web |last=Dornbrook |first=James |date=2019-11-21 |title=MLB owners approve Royals sale to John Sherman |url=https://www.bizjournals.com/kansascity/news/2019/11/21/mlb-owners-approve-royals-sale-to-john-sherman.html |access-date=January 19, 2020 |website=Kansas City Business Journal}}
Personal life
Glass and his wife, Ruth, were the parents of three children, Dan, Don and Dayna, all of whom served on the Royals' board of directors.
Glass died of complications from pneumonia in Bentonville, Arkansas, on January 9, 2020, at the age of 84.{{cite web |date=January 17, 2020 |title=Legendary Business Leader David D. Glass Dies at Age 84 |url=https://www.businesswire.com/news/home/20200117005479/en/Legendary-Business-Leader-David-D.-Glass-Dies |access-date=2025-01-05 |website=Business Wire}} His death was announced on January 17.{{cite web|url=https://www.kansascity.com/sports/mlb/kansas-city-royals/article239406338.html|title=Former Royals owner David Glass, 84, dies just months after selling franchise|first=Lynn|last=Worthy|work=Kansas City Star|date=January 17, 2020|access-date=January 18, 2020}}
Glass Hall at Missouri State University, which houses business and management classes, is named after him.
References
{{Reflist}}
External links
- [https://web.archive.org/web/20050317031129/http://kansascity.royals.mlb.com/NASApp/mlb/team/front_office.jsp?c_id=kc Kansas City Royals' front office]
- {{cite web| url= http://www.walmartfacts.com/newsdesk/meet-our-people.aspx?CategoryID=105&strShowHide=True#a245 |title=Walmart bio | archive-url= https://web.archive.org/web/20051216020242/http://www.walmartfacts.com/newsdesk/meet-our-people.aspx?CategoryID=105&strShowHide=True#a245 | archive-date=December 16, 2005}}
- [https://www.pbs.org/wgbh/pages/frontline/shows/walmart/transform/cron.html NBC Dateline story] at PBS Frontline
- [https://web.archive.org/web/20050408012500/http://www.time.com/time/archive/preview/0,10987,977402,00.html 'Dateline' story] at Time {{subscription required}}
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{{succession box|title=President of Wal-Mart|before=Sam Walton|after=Lee Scott|years=1984–2000}}
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{{Wal-Mart}}
{{Kansas City Royals owners}}
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Category:Major League Baseball executives
Category:Major League Baseball owners
Category:Kansas City Royals owners
Category:Kansas City Royals executives
Category:Missouri State University alumni
Category:Military personnel from Missouri
Category:American chief executives of professional sports organizations
Category:American chief operating officers
Category:American chief financial officers
Category:American retail chief executives
Category:Deaths from pneumonia in Arkansas