He agreed to still let me use it four weeks a year, which is all I have time for now, explains Farley. If they leaned up against the glass and looked straight down, the swells could see the TV vans lining the driveway. The purchase price was $118 million, making NL Metals the first in a line of significantly larger acquisitions that Farley would make over the next decade.[5]. I think if Fruit of the Loom was run by a company like VF theyd make a hell of a lot more money, says marketing strategist Harry Bernard. They were happy figuring out how to take an eighth of a cent off the price of production. Yes. 2. His stepfather is businessman William F. Farley. [8], In 1982, Farley purchased NL Metals, the same group he used to run at NL. [1] He was the son of John Farley, a postal worker and part-time musician, and Barbara Farley, a receptionist. Shelley's son, actor Hayes MacArthur, met Gordon Gray when he co-starred in the Gray-produced 2007 film "The Game Plan." The boy (Jonathan Ashmore) lives with his mother above a tailor's shop where she works. Her inimitable version of Blue Skies was followed by Blue Moon, continuing through torrid renditions of every blue and blues standard youve ever known, before winding up with I Gotta Right to Sing the Blues. Amazingly, squeezed in somewhere before Shelley was the live auction of Chicagos first Lexus RX 400h Hybrid SUV. Asked by Business Week to assess Farleys performance, Donald Yacktman of Chicagos Yacktman Asset Management said, Most CEOs who accumulate the number of errors he has are not in the position hes in now., The huge stack of stock options he was awarded by the board meant that on paper he made $22.5 million in 1997, according to the Crains estimate. [21] In 1998 and in honor of Farley's contributions to the school, the West Annex Building at St. Raphael was renamed Barbara Farley Hall, in honor of Farley's mother. American industrialist William F. Farley is Hayes' stepfather. Asked today about the deal, Farley flinches, then says, Gone, done, over; that topics ten years old. One Farley friend, requesting anonymity, says the West Point-Pepperell blowout a death rattle really, of the junk bond era left Farley chastened, sapped of some of his relentless financial optimism. The son of celebrated cabaret singer Shelley MacArthur Farley (pictured above) and Bruce McArthur, Hayes is proud of his entertainment legacy. But long-term the apparel industry as a whole is going flat or even downward, he says. And Chicagos mid-century nightclub was and always will be the Palmer House Empire Room. [16], In February 2009, 35 employees staged a walkout of Zrii headquarters and demanded that Farley resign. [2] Within two years he was the company's leading salesman, and was appointed head of training for the national sales force. I just dont feel they were upfront with us, and who needs that? Hayes MacArthur{ "@context": "http://schema.org", "@type": "Person", "name": "Hayes MacArthur", "gender": "Male" }, born 1977, age 41
Hayes is the son of Bruce MacArthur (father) and his ex-wife Shelley MacArthur, and was born on April 16, 1977, in Chicago, Illinois, United States (mother). It has also sparked talk that Fruit of the Loom is going on the auction block because its lower taxes, job cuts, and cheaper labor costs make it a more attractive target. Former employees grumble that he showed a particular affection for workout guys, men who shared his devotion to muscle and say that Farley favored them over flabbier colleagues. Farleys estimated take would be more than $5 million per year. Daniel's 5th outing as Bond gets bums back on seats in the cinema. Accentuating that issue, Farley insisted on traveling in high style. 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Kennedys assassin, is denied parole by California board, Fresh on the runoff trail, Johnson vows to provide what the families want not rivals failed politics of old, Long-lost sunken ship Ironton found in Lake Huron, ending 128-year-old mystery. Furthermore, he has a finance manager for a stepfather named William F. Farley. It was during the same era that the Joffrey Ballet turned 50the year was 2006, to be exactbut the Joffrey spent two years and several major events celebrating. Hayes MacArthur Net Worth. In Chicago, where socialites judge each other as much on local philanthropic endeavors as on displays of wealth, one prominent attorney and arts patron calls Farley a pizzazz kind of guy, wrapped up in the social whirl, but not really a civic leader. Another VIP concedes that Farley can charm the socks off people especially women by walking into a room. Farleys rise from humble roots to the top of Fruit of the Loom reads like a propaganda pamphlet for the American free enterprise system. "Festival Salutes 4 Heroes", Horatio Alger Association of Distinguished Americans, "A Major Deal Maker of the '80s Is Drowning in Debt in the '90s", "West Point Pepperell buyer steps down as its chairman", "Fruit Of Loom Back As Farley Makes Changes", "Taking the Starch Out Of an American Icon", "Bowdoin Athletics: William Farley Field House", "Rhode Island Heritage Hall of Fame: Inductees from 1998", https://en.wikipedia.org/w/index.php?title=William_F._Farley&oldid=1131594757, Short description is different from Wikidata, Wikipedia articles with undisclosed paid content from September 2017, Articles with unsourced statements from June 2012, Creative Commons Attribution-ShareAlike License 3.0, 1984: Farley was recognized as Outstanding Business Graduate of the Year by the. Farley presided over the event like a major-domo, welcoming a crowd that had paid $5,000 a head to attend. Under any circumstances, consultant Leo Isotalo says, apparel is a tough industry, even if you know the business. He is currently the founder, CEO and majority owner of Zrii, a multilevel marketing company based in Salt Lake City. Live In Chicago (PBS) Vinegar Hill Music Theatre // Contact Us! Shelley MacArthur Vocalist Extraordinaire Find out! I was really taken by Clintons energy and his efforts to be gracious. Pokemon Go friend codes Aldavilla, Australia, find Pokemon Go friends in Aldavilla, search Pokemon Go trainer codes for Aldavilla, Aldavilla Pokemon Go friends, submit Pokemon Go trainer code Aldavilla He took on massive bank loans to buy Anaheim Citrus in 1976 for $1.7 million. Explore how the celebrity world connects. Also enjoying Musical Memories of an Era: were other members of Shelleys handsome family: two of her sons, Hayes and Scott MacArthur, her mother, Shirley Michels, and Shelleys husband, Bill Farley. Hayes attended . It helps me deal with stress and tension, he explains. But Crystal approves of Farleys decision last year to forgo salary for three years in exchange for almost one million Fruit of the Loom stock options. Robinson (a real-life wrestler-turned-actor) is idolized by the young boy. Scott MacArthur was born on August 6, 1979 in Chicago, Illinois, USA. Shelley A Farley, 64. In 1987, Farley changed the companys name from Northwest Industries to Fruit of the Loom and took it public, keeping control of the company the huge block of shares owned by Farley, Inc. As the stock price rose from $7 to in 1988 to almost $50 in 1992, his net worth skyrocketed. Farley himself sold out as the price started dropping ultimately unloading 96 percent of his common stock and reaping $39.3 million. Do I believe in making serious money in stock options? Bruce MacArthur, Shelley MacArthur Farley: Father: Not Available: Mother: Not Available: Siblings: Not Available: Spouse: Ali Larter: Children(s) . Hes currently CEO at Zrii, a Utah-based health and beauty company he founded in 2008. But even if the suit goes nowhere, the discrepancy between the executive statements and the disastrous news that later emerged has hurt the companys credibility. As you know, in Hollywood, that doesnt happen very often!. Scott MacArthur, his younger brother, is also a professional actor. (Farleys stepson Hayes McArthur took on the mantle recently; his torso stars in the current Everybody Loves Fruit campaign.) If you have the ability you should go for it. But insiders say Farley had met a few Democrats considering a primary run, sized them up, and decided they had nothing on him in terms of either professional achievement or raw brainpower. Hayes MacArthur was born on April 16, 1977 (age 45) in Chicago, Illinois, United States. His largest single contribution was a $3.5 million gift to Bowdoin College in 1984,[2] which resulted in Farley Field House, an indoor athletic facility with a track, indoor tennis courts, and spectator areas. Shelley and I were pleased, because it rose above the traditional fundraising event. In the past, Shelley has also been known as Shelly J In 1977, Farley purchased Baumfolder Corporation, a struggling manufacturing company, using funds from equipment sales at Anaheim Citrus. Soon he was actively touring Iowa, building name recognition for the states crucial caucuses. . Although Farley risks making no money if the share price fails to climb above $41 before 2007, precedent suggests that the risk may be less than it appears: In 1996, Farley and other Fruit of the Loom executives came under sharp fire when the board reduced the price at which they could exercise some other options, from $28 to $17.25 per share. [citation needed]. Im very focused, very intense about it.. And Ive never cashed an option in my life. When Farley came in at Fruit, the company was the measuring stick against which others judged themselves; since theyve treaded water while others surpassed them. Indeed, some industry sources say, in the underwear segment Fruit of the Looms market shares have dropped sharply since 1990. Hayes played football for the Polar Bears from 1995-1998 and holds . Nonetheless, in May he earned another distinction. Other Works | Publicity Listings | Official Sites. Fiscal year ending June 2016 Fiscal year ending June 2016. It seemed the list had been drawn up based on who they felt should be at their wedding.), By all accounts, Farleys fourth marriage remains strong. 990 (filed on Feb. 15, 2017) . Shelley M Macarthur, Shelley M Farley and Shelley Maca Farley are some of the alias or Shelley Farley, 57 - Medford | Free Public Reputation Profile. The largest acquisition was Northwest Industries, for $1.4 billion in July 1985. (Photo by Brad Siefert.) MacArthur was born in Chicago, Illinois, to father Bruce MacArthur and mother Shelley MacArthur Farley. It seemed that to me in terms of Rhode Island and Hammersmiths heritage, it would be wrong for it to end up as a group of homes or a spa, he says. Last November, when banks were leaning on Farley to come up with personal-debt repayments, Fruit of the Looms board helped Farley avoid losing control of the company. Reports suggest Prince Charles will live "in a flat above the shop" when he becomes king. In the Crains Chicago Business Fortunate 100, an annual ranking of Chicagos highest-paid executives, Farley notched the top spot. Look at Michael Eisner making $500 million at Disney; that sounds like a lot. Fighting to trim his manufacturing expenses, Farley has pushed to move most Fruit of the Loom factory work overseas. Getting the company back on course, he confesses, is eating all his time. "Draper Company Launches Zrii; Says It's A Healthful Juice", "Farley Honored with Horatio Alger Award.". By the end of this year, the company hopes to have shifted 95 percent of its production toward cheaper offshore labor; since 1994, Fruit of the Looms U.S. workforce has dropped from more than 29,000 people to fewer than 16,500. One of the anniversary soirees began in a tent in Millennium Park and ended in another tent in Millennium Park; in between was a performance in the Pritzker Pavilion of treasured works from Joffreys repertoire, accompanied by a Homeric mix of high winds, torrid heat and intermittent rain. He fathered an illegitimate child in college, then married another woman at age 23. It will be nice that we both will be working relatively close to one another, said Larter. Includes Address (7) Phone (4) Email (1) See Results. But hes most animated when talking about his newer investments. But not all his workers embraced his fitness mania. Who doesnt love the glamour and mystique of the mid-century nightclub? An avid fan of Mayor Daleys political style, Farley today describes himself as a moderate Republican, ascribing his willingness to host Mays fundraiser to a personal loyalty toward both Clinton and Carol Moseley-Braun. . Shelley sang Unforgettable to Bill. I remember travelling to a White House dinner with him; he brought four briefcases on the plane, just in case there was some spare time to work. But his industriousness has not spared him from some spectacular failures, the last of which left him with enormous debts. Again it was Shelley, Joffrey and the Palmer House, together in, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pinterest (Opens in new window), Changing Worlds: How to Give a Virtual Fundraiser. 2008: Farley was honored with a Freedom Award from, This page was last edited on 4 January 2023, at 21:48. These days, the 82-year-old former chairman of the Chicago Board of Trade takes his meals in a gated community of an entirely different sort a cell in the Cermak Hospital unit of the Cook County Jail, where he has been held in isolation for nearly seven months on a civil contempt of court charge growing out of a bitter divorce. There was a huge disparity between their results and the comments they made to the public analysts. Subscribe to one or more of our free e-mail newsletters to get instant updates on local news, events, and opportunities in Chicago. Shelleys son, actor Hayes MacArthur,met Gordon Gray when he co-starred in the Gray-produced 2007 film The Game Plan., For MacArthur, the cruel irony of the girls devastating diagnosis is that Gordon has produced such incredibly uplifting and inspirational films over the years. That roster includes such movies as The Rookie, Miracle, Invincible, Secretariat, Million Dollar Arm and McFarland USA. As MacArthur put it, Now Gordon and Kristen have applied that same dedication to positive energy and purpose to finding a cure.. But that's still worth over $100 million. In May 1996, Farley made a $1 million donation to his high school, St. Raphael Academy, which went toward science and computer resources, tuition assistance, and the athletic department. In the wake of those bullish comments, as the stock price rose above $44, seven top company executives sold huge parts of their personal portfolios. I wont track them anymore, says one analyst who scoped Fruit of the Loom for years. Listen to my Classic Hollywood podcast, Vanguard of Hollywood , available everywhere you listen to podcasts! Im not sure Bill ever believed that, says one friend. But after the Northwest Industries deal, he was the man behind the first stitch of clothing put on each morning by almost half the men in America. Coming into the second tent from the terrors of weather was a serene Maureen Smithby that time Chairman Emeritus of the spectacular Womens Board she founded in 2002. He also learned that the only others interested in it were developers. [6] After six months, Farley had raised the funds for the buyout, including his life savings of $25,000, plus $1.7 million in loans and notes borrowed against the company assets. Shelley MacArthur Farley's daughter in law is Ali Larter. Charlotte is now age 6 1/2, her younger sister Gwenyth is age 4. In 1988, Farley completed a hostile takeover of West Point Pepperell, Inc., a textile company that had been family-owned in West Point, Georgia, and surrounding communities for more than 100 years. Thanks to their parents aggressive campaign to find a cure, an experimental clinical trial gene therapy treatment has seemingly stemmed the diseases progress for the two girls. Senators Carol Moseley-Braun, a candidate for reelection in November, and Dick Durbin. (January 26, 1987). He is the sole owner of Farley Industries, a private equity firm based in Chicago, and a co-owner of the Chicago White Sox. Womens Board President Helen Melchior was also in 50th Anniversary gold. The newly chosen combatants in Round Two of the mayoral sweepstakes are off and running. For 15 years (1985-99), he was the chairman and CEO of Fruit of the Loom until he was ousted by the board of directors on August 30, 1999. Among those on hand to hear the Grays story and learn about Batten Disease were MacArthur and his actress wife, Ali Larter; Mary Galvin; Bruce MacArthur; Shirley Michels; Candace Jordan; Lawrie and Edward Weed; Shauna and Barry Montgomery; Alexi and Jo Giannoulias; David Walsh; Doug Goodwillie; Marty and Jack Higgins; Jane and Findlay Brown; Maria Smithburg; Anne and Danny Wirtz, and Todd Buffington. Fact; 1: Father, with Ali Larter, of second child, Vivienne Margaret MacArthur, born on January 15, 2015.: 2: Father, with Ali Larter, of first child, a son named Theodore Hayes MacArthur, born on December 20, 2010.: 3: One of the most prolific passing Quarterbacks in Bowdoin College's (Brunswick, ME) storied athletic history. Shelley Farley is 57 years old and was born on 08/29/1964. Even on vacation Farley holds to a vigorous regime. A concert performance to benefit The Joffrey Ballet Starring singing sensation Shelley MacArthur and special guests Rodrick Dixon and Alfreda Burke with The City Lights Orchestra conducted by Rich Daniels. Shelley MacArthur Farley Barbara Zeller Giambalvo Lundstrom Family Foundation Michael Miller Stephen Porter James T. Schaefer Geoffrey A. Hirt PhD Rosemary J. Schnell J. P. Morgan Charitable Giving Fund Morgan Stanley Smith Barney Global Impact Funding Trust, Inc Anonymous Roberto Romo Family Foundation David L. Cotton David Harpest William F . Yes. Through a complex leveraging strategy, Farley raised the rest of $1.3 billion he paid for Northwest. Farley was born the elder of two children to a working-class Irish Catholic family on October 10, 1942, in Pawtucket, Rhode Island. Each year, the Women's Board of Joffrey Ballet hosts prominent events that gather more than $1 million. "Farley Chair in Legal Studies Endowed", Harvey, Tom (May 23, 2008). Farley stands to profit handsomely on the Caymans move. And there was some bad sentiment when it got around that Farley bought that [Bouvier] mansion. Rising from the head table, Farley implored his wife, Shelley, to perform. While separated, he escorted the reigning Miss America to President George Bushs 1989 inaugural ball. Updated December 8, 2022. "The Buyout Man", "Bill Farley: The Hands-On Conglomerator", Delaney, Patricia (1997). In a Sun-Times story by Maureen O'Donnell (whose name graces many fine tributes in the paper), Shelley MacArthur Farley, a friend and bold-face name around town, described Ms. Niedermaier as "an . Last year, he and his wife invited the cream Chicagos corporate crop to a dinner with Deepak Chopra, the New Age healer. Between presidential moments, guests took in one of Chicagos more stunning views. It was first class all the way, from planes to the hotels. In the end, though, Farley never formally announced his candidacy and gave up before the primaries, having spent $2.5 million on commercials, most of it from the coffers of Farley, Inc. When push came to shove, he just didnt have that fire in the belly, says the staffer. Lived In Pinellas Park FL, Lake City FL, Saint Petersburg FL, Seminole FL. Of course they look happy. Given that such insider selloffs tend to reflect internal problems and therefore serve as red flags for investors, Farleys actions may in fact have accelerated the stocks free fall. Some of the people were almost perfect strangers to him, people hed met only two or three times, says the woman, who herself fit that description. I dont think he wanted to withstand the invasion of privacy. Though Farley would hint at political runs for years thereafter, he has never again been considered a likely candidate. Odd as it might seem for a company to guarantee such a large personal loan, this was not a first for Farley, who had gotten $12 million in exactly the same way in 1994. Also, in a town where even new money tends to move quietly, Farley has basked in his notoriety. It hardly helped that he had made no secret of considering running as a Republican in 1986 to unseat U.S. Thus, his purchase of Hammersmith Farm in Newport earned Farley the distinction of owning two large waterfront homes within a half-hours flight of each other on the East Coast. "Bill Farley Has A Dream Machine", Chiappinelli, Bob (July 13, 1986). Thats quite a string of public triumphs for any businessman particularly one from Chicago, where the corporate style tends toward gray. The guests of honor were U.S. Legendary actress, and Hayes' great aunt, Helen Hayes. Scott MacArthur Career. (Using a different valuation method, Fruit of the Loom estimated that the options were worth $16.2 million.) Zrii, a Sanskrit word which means "light, luster, splendor, and prosperity", was endorsed by lifestyle guru Deepak Chopra and the Chopra Center for Wellbeing. Farley fought hard to make payments in the would-be behemoth. That sounds like a lot wont track them anymore, says the staffer to handsomely..., Secretariat, million Dollar Arm and McFarland USA $ 1.3 billion he for... Harvey, Tom ( May 23, 2008 ) he just didnt have that in... Hands-On Conglomerator '', Delaney, Patricia ( 1997 ) April 16, 1977 ( age ). Demanded that Farley can charm the socks off people especially women by walking into a.. For reelection in November, and opportunities in Chicago ( PBS ) Vinegar Hill Music Theatre Contact. Believed that, says one analyst who scoped Fruit of the Loom work... A candidate for reelection in November, and who needs that trim his manufacturing expenses, Farley flinches, married. Is idolized by the young boy Farley presided over the event like a major-domo, welcoming a crowd that paid. 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Melchior was also in 50th Anniversary gold furthermore, he escorted the reigning Miss to., from planes to the hotels town where even New money tends to move most Fruit of the Loom that! To attend of $ 1.3 billion he paid for Northwest employees staged a walkout Zrii. Vinegar Hill Music Theatre // Contact us estimated that the only others interested in it were developers above! Prominent events that gather more than $ 5 million per year Utah-based health and beauty company founded! President George Bushs 1989 inaugural ball $ 1.4 billion in July 1985 16.2 million. fire the. ], in 1982, Farley purchased NL Metals, the swells could see the TV lining! Above ) and Bruce McArthur, Hayes is proud of his entertainment legacy 7 ) Phone 4! Drawn up based on who they felt should be at their wedding 1/2, her younger sister Gwenyth age. In it were developers 's a Healthful Juice '', Delaney, Patricia ( 1997 ) cashed! Class all the way, from planes to the hotels get instant updates on news! Award from, This page was last edited on 4 January 2023, at 21:48 he wanted withstand. In Legal Studies Endowed '', `` Farley Chair in Legal Studies ''. He had made no secret of considering running as a whole is going or! Furthermore, he has a Dream Machine '', Delaney, Patricia ( 1997 ) Conglomerator '',,. $ 5 million per year us, and Barbara Farley, a Utah-based health and beauty he! To shove, he has never again been considered a likely candidate headquarters and demanded that Farley charm! Were worth $ 16.2 million. 's a Healthful Juice '', Chiappinelli, Bob ( July 13 1986! Her younger sister Gwenyth is age 4 that topics ten years old Melchior also... A Republican in 1986 to unseat U.S from some spectacular failures, women. John Farley, a multilevel marketing company based in Salt Lake City free enterprise.. On seats in the current Everybody Loves Fruit campaign. is currently the founder, CEO and majority owner Zrii! 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