1. William McReynolds Agee was an American business executive.
34 Facts About William Agee
1. 2.
From 1988 to 1995, Agee was the chairman, president, and CEO of Morrison-Knudsen.
3.
William Agee was a business consultant, venture capitalist, and chairman of a charitable foundation.
4.
William Agee received six honorary doctorate degrees and sat on the boards of Fortune 500 corporations including Equitable Life and Dow Jones as well as Bendix and Morrison Knudsen.
5.
In 1979, William Agee was featured in a Time magazine cover story titled "Faces of the Future", and was named Finance magazine's "Financial Man of the Year" in 1976.
6.
William Agee quickly established himself as a bright and popular student with leadership skills.
7.
William Agee was elected class president in that first year as a sophomore and again in his senior year.
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Nathaniel Hawthorne 8.
William Agee was a multi-sport varsity athlete and was named one of the two most studious members of his class, which graduated in 1956.
9.
William Agee enrolled in the University of Idaho in Moscow, where he joined the Beta Theta Pi fraternity, unusual for a married man.
10.
William Agee earned an associate's degree while working 40 hours per week in Albertson's accounting department.
11.
William Agee was elected senior class president and graduated with highest honors in 1960.
12.
William Agee was promoted to controller and senior escrow officer at the age of 23.
13.
William Agee enrolled in the Harvard Business School in 1961 and was awarded a Masters in Business Administration, with distinction, in 1963.
14.
William Agee became a Certified Public Accountant in 1964 and joined the American and Idaho societies of CPAs.
15.
In May 1972, William Agee joined Bendix Corporation, an automobile industry related manufacturer located near Detroit, Michigan.
16.
William Agee was recognized in Time magazine for his strategy of bold, selective acquisitions aimed at transforming Bendix from a slow-growth manufacturing company in a mature industry, into a diversified high-tech corporation.
17.
William Agee was an unorthodox executive for the 1970s, often dressing in business casual attire years before it was in vogue.
18.
William Agee removed the traditional boardroom table, replacing it with large, comfortable chairs to improve communication.
19.
William Agee abolished reserved parking for top executives, allowing the best parking spots to go to employees who arrived at the office the earliest.
20.
William Agee was known for promoting young employees based upon merit rather than seniority.
21.
William Agee sought to expand Bendix by launching a takeover bid for rival Martin Marietta.
22.
When Marietta enlisted the help of a third company, United Technologies, William Agee sought a partner to fend off the threatened takeover of Bendix.
23.
From 1988 to 1995 William Agee was Chairman, President and CEO of the construction company Morrison Knudsen Corporation in his hometown of Boise.
24.
William Agee had served on MK's Board of Directors for several years, and was the Board's choice to step in as CEO and President.
25.
William Agee thwarted the takeover and returned the failing Morrison Knudsen to profitability within one year.
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Nathaniel Hawthorne 26.
William Agee employed a diversification strategy which changed the company from one which was primarily reliant on heavy construction to one which was involved in railroad remanufacturing, precious minerals, and the transit business.
27.
William Agee formed MK Gold and MK Rail, and was appointed CEO of each.
28.
William Agee moved out of company headquarters in Boise to run the enterprise from his home in Pebble Beach.
29.
William Agee was Chairman of Semper Charitable Foundation, the Semper family's charitable foundation, and chaired Semper Partners, a venture capital and consulting firm founded in partnership with his wife, Mary Cunningham William Agee.
30.
William Agee served as a Director of Allied Corporation, MK Gold Company, MK Rail Corporation, LoJack Corporation and Key Bank Corp.
31.
William Agee died at age 79 from complications of respiratory failure caused by vascular degeneration, Alzheimer's Disease, and Scleroderma, a connective tissue disease, at Swedish Medical Center in Seattle on December 20,2017.
32.
Just prior to his death, and after 35 years of marriage, William Agee filed for divorce from Cunningham.
33.
William Agee received honorary doctorates from the University of Detroit, Lawrence Institute of Technology, Eastern Michigan University, Bryant College, Cleary University, and Nathaniel Hawthorne College.
34.
William Agee was elected to the alumni hall of fame at the University of Idaho in 1978, and was that year's commencement speaker.