Examine individual changes

'{{short description|American billionaire businessman}} {{Use mdy dates|date=October 2014}} {{Infobox person | name = Henry Samueli | image = Stanley Cup Ducks and Bush Samueli crop.jpg | caption = Samueli (right) and the [[Stanley Cup]] champion [[Anaheim Ducks]] present then-[[President of the United States|U.S. President]] [[George W. Bush]] with a Ducks jersey. | birth_date = {{birth date and age|1954|9|20}} | birth_place = [[Buffalo, New York]] | birth_name = | nationality = United States | education = | alma_mater = [[UCLA]] (B.S., 1975; M.S., 1976; Ph.D., Electrical Engineering, 1980) | occupation = | known_for = co-founder of [[Broadcom Corporation]]<br />Owner of the [[Anaheim Ducks]]<br />philanthropy | networth = [[United States dollar|US$]] 5.94 billion (March 2021)<ref>{{cite web|title=Bloomberg Billionaires Index: Henry Samueli|url=https://www.bloomberg.com/billionaires/profiles/henry-s-samueli|magazine=[[Bloomberg L.P.|Bloomberg]]|access-date=March 11, 2021}}</ref> | children = Leslie, Jillian, and Erin | spouse = Susan Samueli | parents = | website = }} '''Henry Samueli''' (born September 20, 1954) is an American businessman, engineer, and philanthropist. He is the co-founder of [[Broadcom Corporation]], owner of the [[National Hockey League]]'s [[Anaheim Ducks]], and a prominent [[philanthropy|philanthropist]] in the [[Orange County, California]] community. He serves as chairman of the Board of [[Broadcom Inc]]. He is also a Professor (on leave of absence) in the Electrical and Computer Engineering Department at UCLA, and a [[Distinguished Adjunct Professor]] in the Electrical Engineering and Computer Science Department at [[UC Irvine]]. He holds [[honorary doctorate degree]]s from the [[Technion-Israel Institute of Technology]]<ref>{{Cite web|url=https://www.technion.ac.il/en/technion-honors/|title=Technion Honors {{!}} Technion - Israel Institute of Technology|date=August 11, 2015|access-date=2017-12-01}}</ref> and the [[National Chiao Tung University]] in Taiwan.<ref>{{Cite web|url=http://www.nctu.edu.tw/outstandingnctu/honorarydr/248-105/649-henry-samueli|title=蘇麗尹. "Henry Samueli". www.nctu.edu.tw (in Chinese)|last=National Chiao Tung University in Taiwan|access-date=2017-12-01}}</ref> He is a named inventor in 75 [[U.S. patent]]s. He is a Fellow of the [[Institute of Electrical and Electronics Engineers]] (IEEE) and a Fellow of the [[American Academy of Arts and Sciences]] (AAAS). He was also elected a member of the [[National Academy of Engineering]] (NAE) in 2003 for pioneering contributions to academic research and technology entrepreneurship in the broadband communications system-on-a-chip industry. In 2012 Samueli won the [[Marconi Prize]] and Fellowship for "pioneering advances in the development and commercialization of analog and mixed signal circuits for modern communication systems, in particular the cable modem.<ref>{{Cite web|url=http://www.engineer.ucla.edu/newsroom/featured-news/archive/2012/henry-samueli-wins-2012-marconi-prize|title=UCLA, School of Engineering. "Henry Samueli Wins 2012 Marconi Prize".|date=July 22, 2012|archive-url=https://web.archive.org/web/20120722044538/http://www.engineer.ucla.edu/newsroom/featured-news/archive/2012/henry-samueli-wins-2012-marconi-prize|archive-date=July 22, 2012|url-status=dead|access-date=November 27, 2012}}</ref><ref name="Henry Samueli – Marconi Society">{{Cite web|url=http://marconisociety.org/fellows/henry-samueli/|title=Henry Samueli – Marconi Society|website=www.marconisociety.org|access-date=2017-12-01}}</ref> == Net worth == As of February 2021, ''[[Forbes]]'' estimates Samueli's net worth at $6.3 billion.<ref>{{cite web | title=Profile: Henry Samueli| website=Forbes.com| url=https://www.forbes.com/profile/henry-samueli/| access-date=2021-02-12}}</ref> == Personal life == Samueli resides with his wife Susan in [[Newport Beach, California]].<ref>{{cite web | title=Most Influential 2015: Henry Samueli, Susan Samueli – Orange County Register | website=Orange County Register | date=2015-12-26 | url=https://www.ocregister.com/2015/12/26/most-influential-2015-henry-samueli-susan-samueli/ | access-date=2018-02-10}}</ref> ==Education== Samueli's parents, Sala and Aron, were [[Polish-Jewish]] immigrants who survived the [[Nazi Germany#Conquest of Europe|German Nazi occupation of Europe]] and arrived in the United States with almost nothing.<ref name=":0">{{Cite web|url=https://articles.latimes.com/2008/jun/24/business/fi-samueli24|title=Broadcom co-founder Samueli pleads guilty in stock options fraud case|author1=Reckard, E. Scott|author-link1=Christopher Goffard|author2=Goffard, Christopher|date=June 24, 2008|website=www.latimes.com}}</ref><ref>{{Cite web|url=https://www.algemeiner.com/2012/04/23/50-of-new-giving-pledge-donors-are-jewish/|title = 50% of New "Giving Pledge" Donors are Jewish}}</ref> Samueli stocked shelves in his family's Los Angeles liquor store and graduated from [[Bancroft Middle School (Los Angeles, California)|Bancroft Junior High School]] and [[Fairfax High School (Los Angeles)|Fairfax High School]].<ref name=":0" /> Samueli became interested in electronics while building an AM/FM radio during a shop class at Bancroft. Samueli attended [[UCLA]], where he received his [[bachelor's degree]] (1975), [[master's degree]] (1976), and [[Doctor of Philosophy|Ph.D]] (1980),<ref>{{Cite web|url=https://samueli.ucla.edu/henry-samueli/|title=Henry Samueli, Ph.D. {{!}} UCLA Samueli School Of Engineering|language=en-US|access-date=2019-09-18}}</ref> all in the field of electrical engineering. His Ph.D. advisor was Alan N. Willson Jr. and his Ph.D. dissertation is entitled "Nonperiodic forced overflow oscillations in digital filters."<ref>{{Cite journal |doi = 10.1109/TCS.1983.1085294|title = Nonperiodic forced overflow oscillations in digital filters|journal = IEEE Transactions on Circuits and Systems|volume = 30|issue = 10|pages = 709–722|year = 1983|last1 = Samueli|first1 = H.|last2 = Willson|first2 = A.}}</ref> ==Broadcom origins== In 1991, while still working as a professor at UCLA, Samueli co-founded [[Broadcom Corporation]] with one of his Ph.D. students, [[Henry Nicholas]].<ref>{{Cite web|url=https://engineering.uci.edu/events/2012/1/henry-samueli-phd-co-founder-and-chief-technical-officer-broadcom-corporation-entrepre|title=Henry Samueli, Ph.D., Co-founder and Chief Technical Officer, Broadcom Corporation on Entrepreneurship {{!}} The Henry Samueli School of Engineering at UC Irvine|website=engineering.uci.edu|access-date=2019-09-18}}</ref> Each invested $5,000 and initially worked out of Nicholas' Redondo Beach home. They rented their first office in 1992 in Westwood, CA near the UCLA campus and moved to Irvine, CA in 1995 at which time Samueli took a leave of absence from UCLA to be at Broadcom full-time. Broadcom went public three years after that. Samueli still remains on leave from UCLA and he continues to be listed on the Electrical and Computer Engineering Department faculty roster.<ref>{{Cite web|url=http://www.ee.ucla.edu/henry-samueli/|title=UCLA Electrical and Computer Engineering Department Henry Samueli biography}}</ref> ==Anaheim Ducks ownership== In 2003 the Samuelis purchased the management contract for the Arrowhead Pond of Anaheim sports and entertainment venue, creating Anaheim Arena Management, LLC, to oversee all operations of the arena, and in 2005 they purchased the Mighty Ducks of Anaheim National Hockey League (NHL) club, the arena's largest tenant, from the [[Walt Disney Company]]<ref name="foxsports 2009">{{cite web | author=foxsports | title=NHL Reinstates Henry Samueli as Owner of Ducks Despite Legal Woes | website=FOX Sports | date=2009-11-12 | url=http://www.foxsports.com/detroit/story/nhl-reinstates-henry-samueli-as-owner-of-ducks-despite-legal-woes-111209 | access-date=2018-02-10}}</ref> for $75 million. In 2006, the Samuelis announced the team's name change to the [[Anaheim Ducks]] and the arena's name change to [[Honda Center]].<ref>{{Cite web|url=https://www.ocregister.com/2006/01/27/name-change-set-for-mighty-ducks/|title=Name change set for Mighty Ducks|date=2006-01-27|website=Orange County Register|language=en-US|access-date=2019-09-18}}</ref> In 2007 the Anaheim Ducks became the first California team ever to win the Stanley Cup championship.<ref>{{Cite news|url=https://www.nytimes.com/2007/06/07/sports/hockey/07nhl.html|title=Ducks Bring Cup to the West Coast|last=Jenkins|first=Lee|date=2007-06-07|work=The New York Times|access-date=2019-09-18|language=en-US|issn=0362-4331}}</ref> As of December 2016, Samueli serves on the executive committee of the NHL Board of Governors.<ref>{{cite web | last=Wilkins | first=Cory | title=Canadiens, Jets owners elected to NHL executive committee | website=theScore.com | date=2016-12-09 | url=https://www.thescore.com/nhl/news/1179255-canadiens-jets-owners-elected-to-nhl-executive-committee | access-date=2018-02-10}}</ref> In 2015 the Samuelis acquired ownership of the Ducks' [[American Hockey League]] affiliate, the [[Norfolk Admirals (AHL)|Norfolk Admirals]]. They subsequently moved the franchise to [[San Diego]] as part of the AHL's western expansion that year and the team was re-branded as the fourth incarnation of the [[San Diego Gulls]].<ref>{{Cite web|url=http://ducks.nhl.com/club/news.htm?id=750924&navid=DL|title=Ducks Launch American Hockey League Franchise in San Diego}}</ref> In 2017 ''Forbes'' reported the Anaheim Ducks were worth $415 million.<ref>{{Cite web|url=https://www.forbes.com/nhl-valuations/list/|title=The Business Of Hockey|last=Forbes|access-date=2017-12-02}}</ref> ==Philanthropy== [[Image:Samueli UCLA.jpg|thumb|right|Henry Samueli School of Engineering and Applied Science at UCLA]] After Broadcom went public in 1998 the Samueli Foundation was created.<ref>{{cite web|url=https://news.uci.edu/2017/09/18/a-legacy-of-giving/ |title=A legacy of giving |website=uci.edu |date=2017-09-18 |access-date=2018-12-18}}</ref> The foundation focuses its giving in the areas of education, health, youth services, and Jewish culture and values. In 2012 the Samuelis joined the [[The Giving Pledge|Giving Pledge]],<ref>{{cite web | last=Loomis | first=Carol J. | title=12 more billionaires sign on to Buffett/Gates pledge | website=Fortune | date=2012-04-19 | url=http://fortune.com/2012/04/19/12-more-billionaires-sign-on-to-buffettgates-pledge/ | access-date=2018-02-10}}</ref> initiated by Warren Buffett and Bill and Melinda Gates, whose members pledge the majority of their wealth to philanthropy. Given Henry Samueli's background in engineering and education, some of their earliest philanthropic gifts were in these areas. In 1999 the Samuelis made major donations to the [[UCLA Henry Samueli School of Engineering and Applied Science|UCLA School of Engineering and Applied Science]] and the [[Henry Samueli School of Engineering|UC Irvine School of Engineering]], both of which have since been named after him. In 2009 Henry Samueli was a founding director of the [[Broadcom Foundation]], a 501c(3) corporate nonprofit, and he is the chair of this philanthropy that advances science, technology, engineering and math (STEM). Broadcom Foundation sponsors the Broadcom MASTERS (Math, Applied Science, Technology and Engineering for Rising Stars) and the Broadcom MASTERS International, programs of Society for Science and the Public that inspire middle school students to continue math and science courses into high school in order to create pathways to STEM careers. Samueli was inspired by his own seventh grade experience of building a short wave radio from a [[Heathkit]] for innovation that he funded the Marconi/Samueli Award for Innovation with his Marconi Award.<ref name="Henry Samueli – Marconi Society"/> Henry and Susan Samueli also sponsor the top prize, the $25,000 Samueli Foundation Prize in the Broadcom MASTERS. A major passion of Susan Samueli is in the areas of complementary and alternative medicine and integrative health and wellness. In 2001 the Samuelis established the Susan Samueli Center for Integrative Medicine at [[UC Irvine]]. They have also supported the research of the John Wayne Cancer Institute in Santa Monica, California, in cancer prevention and treatment.<ref>[[Inside Philanthropy|Henry Samueli]]</ref>{{Circular reference|date=January 2018}} In 2017, the Samuelis made a transformational $200 million gift to UC Irvine to create the Susan and Henry Samueli College of Health Sciences, a first-of-its-kind College of Health Sciences focused on interdisciplinary integrative health. As part of the gift, the existing Susan Samueli Center for Integrative Medicine was elevated to become the Susan Samueli Integrative Health Institute.<ref>{{cite web | last=Hiltzik | first=Michael | title=A $200-million donation threatens to tar UC Irvine's medical school as a haven for quacks | website=[[Los Angeles Times]] | date=2017-09-22 | url=https://www.latimes.com/business/hiltzik/la-fi-hiltzik-uci-samueli-20170922-story.html | access-date=2018-02-10}}</ref><ref>{{Cite web|url=https://news.uci.edu/2017/09/18/uci-receives-200-million-gift-to-name-college-of-health-sciences-and-launch-major-integrative-health-initiative/|title=UCI receives $200 million gift|date=September 18, 2017}}</ref> Some of the other major naming gifts of the Samueli Foundation include the Samueli Theater at the Orange County Performing Arts Center in 2000, the Samueli Jewish Campus in Irvine, CA in 2001, the Sala and Aron Samueli Holocaust Memorial Library at Chapman University in 2003, the Samueli Academy, a public Charter High School in Santa Ana, CA for community, underserved, and foster teens in 2013. In 2015, Samueli received a prize from the [[Israel]]i government for his global contribution to innovation and his contribution to innovation in Israel, at the "Innovex" conference for innovation in technology.<ref>{{cite news|title=The man who connects|url=http://www.globes.co.il/en/article-the-man-who-connects-1001014158|access-date=10 February 2018|publisher=[[Globes (newspaper)|Globes]]}}</ref> Dr. Samueli was named a 2017 Fellow by the National Academy of Inventors. Election to NAI Fellow status is the highest professional accolade bestowed to academic inventors.<ref>{{Cite web|url=https://news.uci.edu/2017/12/13/henry-samueli-included-in-2017-class-of-national-academy-of-inventors-fellows/|title=Henry Samueli is named a 2017 fellow of the National Academy of Inventors|date=2017-12-13|website=UCI News|language=en-US|access-date=2019-09-25}}</ref> To date, the Samuelis have committed over $500 million to philanthropic causes.<ref>{{Cite web|url=https://news.uci.edu/2017/09/18/a-legacy-of-giving/|title=UCI News - A legacy of giving|website=UCI News|date=September 18, 2017|access-date=2017-12-02}}</ref> In June 2019, UCLA announced a $100-million gift from Samueli and his wife, Susan.<ref name="Watanabe">{{Cite web|url=https://www.latimes.com/local/education/la-me-edu-ucla-gift-donation-engineering-school-henry-samueli-20190604-story.html|title=$100-million gift to UCLA shows growing role of private donors in public universities|last=Watanabe|first=Teresa|website=[[Los Angeles Times]]|date=June 4, 2019|access-date=2019-06-14}}</ref> The gift will be used to expand the engineering school.<ref name="Watanabe"/> == Broadcom stock options & financial crimes investigation== During the technology boom in the 2000s, Samueli and Broadcom co-founder Henry T. Nicholas III awarded millions of stock options to attract and reward employees. Prosecutors alleged Samueli and Nicholas granted options to others, including some other top executives, but not themselves, to avoid having to report $2.2 billion in compensation costs to shareholders.<ref name=":0" /> In 2006 both the [[Securities and Exchange Commission]] and the Department of Justice began investigating [[Broadcom Corporation]] for [[Options backdating|backdating]] of [[stock options]].<ref>{{cite web | last1=Gittelsohn | first1=John | last2=Galvin | first2=Andrew | title=Samueli and Broadcom going different ways | website=Smarter News, Analysis & Research Communities | date=2007-02-19 | url=http://www.tmcnet.com/usubmit/2007/02/19/2347891.htm | access-date=2018-02-10}}</ref> On May 15, 2008, Samueli resigned as chairman of the board and took a leave of absence as Chief Technology Officer after being named in a civil complaint by the SEC.<ref>{{cite web | title=Broadcom execs charged by SEC, take leave of absence - L.A. Biz | website=L.A. Biz | date=2008-05-15 | url=https://www.bizjournals.com/losangeles/stories/2008/05/12/daily23.html | access-date=2018-02-10}}</ref> On June 23, 2008, Samueli pleaded guilty for lying to SEC for $2.2 billion of backdating. Under the [[plea bargain]], Samueli agreed to a sentence of five years probation, a $250,000 criminal fine, and a $12 million payment to the US Treasury. Prosecutors focused on the fact that Samueli denied under oath any role in making options grants to high-ranking executives. As part of his plea agreement, Samueli admitted the statement was false, and admitting to being part of the options-granting process.<ref name=":0" /> However, an internal Broadcom probe laid the majority of blame on [[Henry Nicholas|CEO Henry Nicholas]] and CFO William Ruehle. On September 8, 2008, U.S. District Court Judge [[Cormac Carney]] rejected the plea deal that called for Samueli to receive probation, writing: "The court cannot accept a plea agreement that gives the impression that justice is for sale". 16 months later, on December 10, 2009, Judge Carney, after hearing the testimony of all the witnesses at the trial of CFO William Ruehle, dismissed the case against Samueli (as well as Ruehle and Nicholas), citing Samueli's testimony as well as prosecutorial misconduct.<ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-2009-dec-10-la-fi-samueli10-2009dec10-story.html|title=Judge dismisses charge against Broadcom co-founder|last1=Pfeifer|first1=Stuart|date=December 10, 2009|work=Los Angeles Times|access-date=May 4, 2010}}</ref> In his ruling Judge Carney stated<ref>{{Cite web|url=https://harpers.org/blog/2009/12/broadcom-prosecution-collapses-as-judge-finds-sweeping-misconduct-by-federal-prosecutors/|title="Broadcom Prosecution Collapses as Judge Finds Sweeping Misconduct by Federal Prosecutors". The Stream - Harper's Magazine Blog.|last=Horton|first=Scott|date=2009-12-18|website=www.harpers.org}}</ref> "The uncontroverted evidence at trial established that Dr. Samueli was a brilliant engineer and a man of incredible integrity. There was no evidence at trial to suggest that Dr. Samueli did anything wrong, let alone criminal. Yet, the government embarked on a campaign of intimidation and other misconduct to embarrass him and bring him down." He further added in his ruling "Needless to say, the government’s treatment of Dr. Samueli was shameful and contrary to American values of decency and justice." The judge ordered Dr. Samueli's plea agreement to be "expunged" from his record and stated "Dr. Samueli now has a clean slate." == Awards and Honors == *2003, [[National Academy of Engineering]]<ref>{{cite web|title= Henry Samueli Honored for his Induction into National Academy of Engineering | publisher= UCI Samueli School Of Engineering| url= https://engineering.uci.edu/news/2003/10/henry-samueli-honored-his-induction-national-academy-engineering}}</ref> *2004, American Academy of Arts and Sciences<ref>{{cite web|title= American Academy of Arts & Sciences Inducts Class of 2004| publisher= American Academy of Arts & Sciences| url= https://www.amacad.org/news/american-academy-arts-sciences-inducts-class-2004}}</ref> *2006, Golden Plate Award of the [[Academy of Achievement|American Academy of Achievement]]<ref>{{cite web|title= Golden Plate Awardees of the American Academy of Achievement |website=www.achievement.org|publisher=[[American Academy of Achievement]]|url= https://achievement.org/our-history/golden-plate-awards/#business}}</ref><ref>{{cite web|title=2006 Summit Highlights|publisher=[[American Academy of Achievement]]|url= https://achievement.org/summit/2006/}}</ref> *2018, U.S. News STEM Leadership Hall of Fame<ref>{{cite web|title= Broadcom's Henry Samueli Connects Success, Philanthropy | publisher= U.S. News and World Report | url= https://www.usnews.com/news/stem-solutions/articles/2018-01-24/digital-communications-leader-henry-samueli-connects-success-and-philanthropy}}</ref> *2018, National Academy of Inventors<ref>{{cite web|title= Engineering faculty honored by National Academy of Inventors | publisher= Daily Bruin | url= https://dailybruin.com/2018/01/30/engineering-faculty-honored-by-national-academy-of-inventors}}</ref> *2020, Ellis Island Medal of Honor<ref>{{cite web|title= Alumni Henri Samueli and Reza Rofougaran Awarded the Ellis Island Medal of Honor | publisher= UCLA Samueli School Of Engineering| url= https://samueli.ucla.edu/alumni-henry-samueli-reza-rofougaran-awarded-the-ellis-island-medal-of-honor/}}</ref> *2021, IEEE Founders Medal <ref>{{cite web|title= Henry Samueli Receives 2021 IEEE Founders Medal| url= https://samueli.ucla.edu/henry-samueli-receives-2021-ieee-founders-medal/}}</ref> ==References== {{Reflist}} ==External links== *[http://www.ee.ucla.edu/faculty-samueli.htm Henry Samueli biography] at the UCLA Department of Electrical Engineering *[http://www.samueli.org/about-us/leadership-staff/ Henry Samueli biography] at the Samueli Foundation *[http://www.samueli.org The Samueli Foundation] {{Anaheim Ducks}} {{NHLOwners}} {{authority control}} {{DEFAULTSORT:Samueli, Henry}} [[Category:1954 births]] [[Category:American billionaires]] [[Category:American communications businesspeople]] [[Category:American people of Polish-Jewish descent]] [[Category:Anaheim Ducks executives]] [[Category:Giving Pledgers]] [[Category:21st-century philanthropists]] [[Category:Jewish American sportspeople]] [[Category:Living people]] [[Category:Members of the United States National Academy of Engineering]] [[Category:National Hockey League executives]] [[Category:National Hockey League owners]] [[Category:Sportspeople from Buffalo, New York]] [[Category:Stanley Cup champions]] [[Category:UCLA Henry Samueli School of Engineering and Applied Science alumni]] [[Category:UCLA Henry Samueli School of Engineering and Applied Science faculty]] [[Category:American chief technology officers]] [[Category:Fellow Members of the IEEE]] [[Category:Fellows of the American Academy of Arts and Sciences]] [[Category:People from Newport Beach, California]] [[Category:21st-century American Jews]]'