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George Argyros

Sunday, 11 January 2009

George Argyros Business could change a life. George Argyros is such a good example who altered his fortune by making business started from very early of his life. Serving as an employee in a simple grocery store worth of 25 cent for an hour, Argyros later becomes the boss of some big business groups like Apria Healthcare, Arnel Management Company, property Management Company. Besides, some social contributions made him popular among the people around the world. He was also given responsibility to represents his own country to other land.

Five things make George different

Argyros is especially known for his five major distinguish features. First of all, he got familiarity as one of the key donor. At the same time, he took oath as an ambassador of United States to the Kingdom of Spain in 2001, wrote his name under the billionaire list becoming proprietor of the Seattle Mariners and possessing more than 1.8 billion US dollar, turned him to be a Republican's (USA) campaign chairman of California in 2000 (for John McCain's presidential period) and finally developed his business locally and nationally as well.

Personal touch

A little child named George Argyros came in this world in 1937 in the city of Detroit, Michigan, United States of America. Though George is a second generation American, his forefather in fact migrated from Greece. His family switched from Michigan to California where George passed a long period of his life. At present he lives at Newport Beach.  

Argyros studied at Michigan State University and completed his graduation degree in Business and Economics from the University of Chapman in 1959. Argyros got married with Julia. The couple has three more children named George, Lisa and Stephanie while they have a number of grandchildren as well. The former USA ambassador has some special interest in sailing, hunting and skiing.

Grocery boy becomes boss

Having about 25 cents for an hour in a store selling food and household goods, George Argyros entered into his working life while he was just 14 year-old-boy. With a view to helping the family, Argyros was continuing his work in grocery store besides his study. When he jumped into college, George started the business of retail food selling. And finally when he graduated became supermarket manager holding the license in securities, insurance and real estate.

In 1963, Argvros involved in real estate business in full wing and launched his personal brokerage office. Keeping good adjustment with the business, he later opened a new company named Arnel Development Company.

In the century of nineteen seventies, Argvros expanded his business. The AirCal, an important West Coast local airline, and the Seattle Mariners, Major League Baseball team, are the two best examples for his business diversification. He established Arnel Development Company in 1986 that worked in the field of construction, development and management. Now he holds the position of chairman and CEO (Chief Executive Officer) of the company. Likewise, Argvros is the key financial partner of Westar Capital.

At least 5200 apartments along with two million square feet commercial space is allocated under George's Arnel and its affiliated company. Besides, Argyros invested in other fields like auto technology called Amerigon, coolers (Igloo), pet products (Doskocil) and so on.

Honor for successful businessman

The entrepreneur George L. Argyros was awarded the Norman Vincent Peale Award in 2003 by the Horatio Alger Association. The association nominated Argyros for his continuing involvement in organization where he contributed more than $5 million.

Being an eminent American, he was given the Horatio Alger Award in 1993 while in 2001 he received the Ellis Island Medal of Honor.

Getting familiarity with entrepreneurship, George Argvros became the board of trustee of the University of Chapman (25 years) while he held the post of board chairman during 1976 to 2001. Besides, he was also the member of different trustee boards such as California Institute of Technology, alma mater (more than 26 years), Center for Strategic, International Studies situated in Washington DC, Tecstar and the chairman of the Apria Healthcare Group.

Public outrage

There was a buzzing noise that George Argyros spent more than $ 30 million in support of George W Bush's presidential election campaign in 2001 and that was the reason for selecting his name as an ambassador to Spain.

Spending about $30,000 to Rackauckas's (a district attorney) campaign, Argyros saved himself from a confirmed accusation complained by a tenant.  A lawsuit was filed against Argyros's land company- Arnel Management as it was accused of gouging million of dollars from the tenants illegally.  In addition, many allegations were raised against Argyros that were also published in different dailies and weekly as well.

Md. Asraful Alam

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Braze  - George Argyros is a bad example   |2009-07-04 04:55:26
of business ethics.

As for the lawsuit, any numbskull can see that Rackauckas's reasoning for not naming Argyros.

Give me a BREAK.
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