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Reading up on Tepper

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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Mr. Scot Grand Master

Mr. Scot

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Someone asked earlier if the various info regarding today's news could be consolidated, so here's an attempt to gather as much as possible into one place.

 

First up, links to the major articles regarding David Tepper and his purchase of the Carolina Panthers...

- The article by Jason LaCanfora that started the discussion: Panthers ownership saga set to end soon

- NFL.com's Kevin Patra confirms the story: David Tepper emerging as favorite to buy Panthers

- Darin Gantt's writeup for ProFootballTalk: Sale of Panthers to David Tepper getting closer

- David Newton's report that Navarro was out: Panthers sale moving away from Ben Navarro

- The Observer article by Katie Peralta, Rick Rothacker and Joe Person: Hedge fund manager emerging as likely buyer for Panthers

- Analysis by Erik Spanberg in the Charlotte Business Journal: Richardson has zeroed in on a favorite to buy the Panthers

 

Previously written discussion of David Tepper...

New York Magazine's extensive profile of Tepper by Jessica Pressler: Ready to be Rich

A slideshow profile of Tepper by Julia LaRoche at Business Insider: The fabulous life of David Tepper

Profiles of Tepper and his competitors by The Observer's trio: Billionaire's Row

Albert Breer's original article on the sale process: Panthers will have a new owner by May

And his subsequent MMQB column that discussed "drama" behind the scenes: Four Downs (Number Four)

Darin Gantt's previous radio interview with WRAL: Panthers new owner will be in place before the draft

Joe Person, Chris Kroeger and Darin Gantt's discussion from yesterday about Navarro, Manning and Tepper: WFNZ Podcast

 

Pertinent Tweets from today...

And the original intro of David Tepper...

Lots of info to digest for those dedicated enough to do so...

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Mr. Scot Grand Master

Mr. Scot

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I'll tell ya this...

I've covered coaching changes, GM searches, assistant coach hires, etc.

Those things are cake. This was complicated.

Confidentiality agreements, poker playing, shadowy billionaires, secret financing, owner politics, etc. Getting info on this stuff required way more effort and was far more work than any of that other stuff has been, and technically it's not completely over just yet.

After this, I'm retiring :)

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Mr. Scot Grand Master

Mr. Scot

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15 minutes ago, Hoenheim said:

doesnt sound like the most pleasant of personalities from reading those descriptions 

 

Quotes from his New York Magazine profile...

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“Sometimes,” he whispers, leaning across the table, “if someone is an asshole, like a waiter at a restaurant, I think, I could just buy this place and fire that guy.”

 

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He’s been known to badger the secretaries about spending too much money on paper cups for the office and for years drove to work in a rusted minivan even while, one employee notes, “half the people in the office were driving Porsches.” 

 

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He’s also been getting a lot of letters from kids asking him to pay their college tuition. “I’m gonna have somebody put together a form letter for that,” he says. “It’ll say something like, I’m going to give you a great gift. What I got: Nothing.”

 

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At the gala reception announcing the gift, his college buddy Roland Lazzaro aired a video tribute to his friend. One segment was called “Cindy Perl: Thanks for Nothing,” after Tepper’s high-school girlfriend.

“Everybody in your life, there’s one person you want to rub their nose in it,” said Lazzaro. “After a five-year relationship, she said to him, ‘David, I love you, but I don’t think you’re going to be able to support the lifestyle I want.’ ” She ended up marrying a dentist.

 

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Speaking of people whose noses Tepper might want to rub in his success, it’s worth noting that he happened to buy the exact $50 million mansion owned by the ex-wife of the man who had passed him over for partnership at Goldman Sachs. “You could frame it that way,” Tepper says, breaking into a grin. “You could say there was a little justice in the world.” The Teppers plan a total renovation of the mansion, which will likely involve razing the current property to the ground.

For the record, he did indeed tear the whole mansion down and built a bigger one.
 

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“I think when it comes to decisions, I try not to be emotional. To drown out the noise and look at the important facts.” Keeping your head about you when others are losing theirs is a lot easier said than done

 

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Of course, he’s also cocky enough to believe he’ll never have to. “David has succeeded over time because he believes he’s the exception,”

 

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“He’s an asshole, to say the least,” says someone who worked with him. “I had stuff thrown at me. He can be a nice guy off the desk, in the kitchen or walking to the car. It’s almost like Jekyll and Hyde, you didn’t know any given day who was going to walk through the door.” This is not merely someone with a grudge. When Tepper coached elementary-school kids in softball, Phil Glassman says, he could be heard screaming all the way down the block.

 

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Tepper admits he can be difficult. “I used to be worse,” he says over the phone. “When I was at Goldman, I’d say things to people like, ‘Do you know what a schmuck is? Go look in the mirror.’ Now I’m kinder and gentler. Aren’t I kinder and gentler?” he asks his employees.

In the background there’s silence.

“Aren’t I kinder and gentler?”

 

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