Edit filter log

'{{refimprove|date=May 2016}} {{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 [[George W. Bush]] with a jersey | birth_date = {{birth date and age|1954|9|20}} | birth_place = [[Buffalo, New York]] | birth_name = | residence = [[Newport Beach]], California, US | 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]]<br> owner of the [[Anaheim Ducks]]<br>philanthropy | networth = $3.1 billion [[United States dollar|USD]] (September 2016)<ref name=ForbesBillionaires>[https://www.forbes.com/profile/henry-samueli/ Forbes – The World's Billionaires: Henry Samueli], September 2016.</ref> | children = Three, Leslie, Jillian and Erin; one grandchild. | 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 [[Anaheim Ducks]], and a prominent [[philanthropy|philanthropist]] in the [[Orange County, California]] community. He serves as Chief Technical Officer and Board Member of [[Broadcom Limited]]. 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 degrees from the Technion-Israel Institute of Technology and the National Chiao Tung University in Taiwan. He is a named inventor in 75 U.S. patents. He is a Fellow of the [[Institute of Electrical and Electronics Engineers]] (IEEE), a Fellow of the [[American Academy of Arts and Sciences]] (AAAS) and a Member of the [[National Academy of Engineering]] (NAE). 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." In 2017 [[Forbes]] placed Samueli's net worth at $3.8 billion. He currently resides with his wife Susan in Newport Beach, California. ==Education== Samueli's parents, Sala and Aron, were [[Polish Jewish]] immigrants who survived the [[Nazi occupation of Europe]] and arrived in the United States with almost nothing.<ref name="latimesJune242008"/> 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="latimesJune242008"/> Samueli became interested in electronics when he took 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), all in the field of electrical engineering. His Ph.D. advisor was Alan N. Willson Jr. and his Ph.D. dissertation is entitled [http://melvyl.cdlib.org/F/X91VSM2BUESDBNA7KHH8IXVBQF4T4MBP8NTEUMTBRSJU1GCTAV-10435?func=find-b&find_code=AUT&request=Samueli%2C+Henry&adjacent=N&filter_code_4=WID&filter_request_4=&filter_code_5=WTP&filter_request_5=&filter_code_1=WLN&filter_request_1=&filter_code_2=WYR&filter_request_2=&filter_code_3=WYR&filter_request_3=&x=0&y=0 "Nonperiodic forced overflow oscillations in digital filters"]. ==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]]. 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.[7] Samueli still remains on leave from UCLA and he continues to be listed on the Electrical and Computer Engineering Department faculty roster.[8] ==Anaheim Ducks ownership== In 2003 the Samueli's 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]] for $75 million. In 2006, the Samueli's announced the team's name change to the [[Anaheim Ducks]] and the arena's name change to [[Honda Center]]. In 2007 the Anaheim Ducks became the first California team ever to win the Stanley Cup championship. Samueli currently serves on the Executive Committee of the NHL Board of Governors. In 2017 [[Forbes]] reported the Anaheim Ducks were worth $415 million.<ref>{{cite news|last=Eric|first=Stephens|title=Bettman regrets Samueli suspension|url=http://ducks.ocregister.com/2009/12/11/bettman-regrets-samueli-suspension/25433/ |newspaper=Orange Cpunty Register |date=December 11, 2009 |accessdate=November 28, 2012}}</ref> In 2015 the Samueli's 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>http://ducks.nhl.com/club/news.htm?id=750924&navid=DL</ref> ==Philanthropy== After Broadcom went public in 1998 the [[Samueli Foundation]] was created. The foundation focuses its giving in the areas of education, health, youth services, and Jewish culture and values. In 2012 the Samueli's joined the [[Giving Pledge]], 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 Samueli's made major donations to the [[UCLA School of Engineering and Applied Science]] and the [[UC Irvine School of Engineering]], both of which have since been named after him. A major passion of Susan Samueli is in the areas of complementary and alternative medicine and integrative health and wellness. In 2001 the Samueli's 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.[11] In 2017 the Samueli's 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.[12][13] 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. To date the Samueli's have committed over $500 million to philanthropic causes.[14] ==Financial investigation== Both the [[Securities and Exchange Commission]], as well as the Department of Justice had been investigating [[Broadcom Corporation]] for [[Options backdating|backdating]] of [[stock options]].<ref>[http://www.tmcnet.com/usubmit/2007/02/19/2347891.htm Samueli and Broadcom going different ways]</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>[http://losangeles.bizjournals.com/losangeles/stories/2008/05/12/daily23.html?ana=yfcpc Broadcom execs charged by SEC, take leave of absence]</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.<ref>[https://news.yahoo.com/s/ap/20080624/ap_on_hi_te/broadcom_samueli Broadcom exec pleads guilty to lying to SEC]</ref><ref>[http://www.law.com/jsp/article.jsp?id=1202422503217 Broadcom Co-Founder Enters Guilty Plea]</ref> 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="latimesJune242008">{{Cite news | last=Reckard | first=E. Scott | last2=Goffard | first2=Christopher | title=Broadcom co-founder Samueli pleads guilty in stock options fraud case | newspaper=[[Los Angeles Times]] | date=June 24, 2008 | url= http://www.latimes.com/business/la-fi-samueli24-2008jun24,0,3244548.story | postscript=<!--None-->}}</ref> 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="latimesJune242008"/> However, an internal Broadcom probe laid the majority of blame on [[Henry Nicholas]] and [[William Ruehle]]. On September 8, 2008, U.S. District Court Judge [[Cormac Carney]] (a fellow UCLA alumnus) rejected a 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".<ref>[https://sports.yahoo.com/nhl/news;_ylt=Alk7qouDJqZDsKZboRfZSQN7vLYF?slug=ap-samueli-plea&prov=ap&type=lgns Judge rejects plea deal for Broadcom’s Samueli] Associated Press September 8, 2008</ref> 16 months later, on December 10, 2009, Judge Carney dismissed the case against Samueli, citing Samueli's testimony in another case as well as prosecutorial misconduct.<ref>{{cite news| url=http://www.latimes.com/business/la-fi-samueli10-2009dec10,0,7251404.story | work=Los Angeles Times | title=Judge dismisses charge against Broadcom co-founder | first1=Stuart | last1=Pfeifer | date=December 10, 2009 | accessdate=May 4, 2010}}</ref> ==References== {{Reflist|30em}} ==External links== *[http://www.ee.ucla.edu/faculty-samueli.htm Samueli's biography] at the UCLA Department of Electrical Engineering *[http://www.samueli.org The Samueli Foundation] {{Anaheim Ducks}} {{NHLOwners}} {{DEFAULTSORT:Samueli, Henry}} [[Category:1954 births]] [[Category:American academics]] [[Category:American billionaires]] [[Category:American communications businesspeople]] [[Category:American people of Polish-Jewish descent]] [[Category:Anaheim Ducks executives]] [[Category:Giving Pledgers]] [[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:University of California, Los Angeles faculty]] [[Category:American chief technologists]] [[Category:Fellow Members of the IEEE]] [[Category:Fellows of the American Academy of Arts and Sciences]] '