W. Don Cornwell
W. Don Cornwell is CEO, Chairman, and co-founder of Granite Broadcasting (1988-).
Granite declared bankruptcy in December 2006 and while negotiating on behalf of Granite stockholders Cornwell secured for himself among other things: (i) forgiveness of a $3.3 million loan from Granite, (ii) a $2.6 million “gross up” bonus payment, (iii) options to purchase 375,000 shares of reorganized Granite’s common stock, (iv) up to $400,000 of restricted shares of reorganized Granite’s common stock, and (v) certain releases and indemnities.[1]
He sits on the board of directors of Avon Products (since 2002)[2], Pfizer (since 1997)[3], Conde Nast Portfolio (since 1997)[4], the Wallace Foundation[5], the Jacob Javits Foundation, the Emma L. Bowen Foundation[6], and Big Brothers/Big Sisters of New York[7].
Prior to founding Granite, Mr. Cornwell served as a vice president of Goldman Sachs (1976 to 1988). He was formerly on the board of directors for CVS (1994-2005?)[8], the National Association of Broadcasters, the Hershey Trust Company and Milton Hershey School(-2002)[9], the New York University Medical Center[10], and chairman of Telecommunications Development Fund (1997)[11]. Former trustee of Occidental College, and Citizens Budget Commission (2001-2005)[12].
Cornwell received a Bachelor of Arts degree from Occidental College in 1969 and a Masters degree in Business Administration from Harvard University in 1971.
Born 1948, Cushing, OK. He grew up in Tacoma, WA. He is married to Saundra Williams-Cornwell and has two children - K. Don Cornwell and Samantha Cornwell.
Awards:
1996 Occidental College, Alumnus of the Year Award
1999 Harvard Business School, Alumni Achievement Award[13]
References
- ^ http://www.bingham.com/Media.aspx?MediaID=5439
- ^ http://www.avoncompany.com/investor/boardofdirectors/cornwell.html
- ^ http://media.pfizer.com/files/annualreport/2007/proxy/proxy2007.pdf
- ^ http://www.portfolio.com/resources/executive-profiles/W-Don-Cornwell-50901
- ^ http://www.wallacefoundation.org/AboutUs/Team/Pages/default.aspx
- ^ http://www.emmabowenfoundation.com/board_of_directors.html
- ^ http://www.bigsnyc.org/pdfs/bbbs07ar.pdf
- ^ http://www.ticker.com/Annualreport/CVS/CVS-2004.pdf
- ^ http://query.nytimes.com/gst/fullpage.html?res=9405E0D81430F936A25752C1A9649C8B63
- ^ http://www.med.nyu.edu/dhd/2002_DHD_Program.pdf
- ^ http://www.fcc.gov/Bureaus/Miscellaneous/News_Releases/1997/nrmc7053.txt
- ^ http://www.cbcny.org/CBC_School_Finance_Reform_01-05.pdf
- ^ http://hbswk.hbs.edu/archive/3177.html