Bob R. Simpson Explained

Bob R. Simpson
Birth Place:Texas, United States
Occupation:Business executive
Major League Baseball owner
Education:Baylor University

Bob R. Simpson is an American businessman. He is the co-founder of XTO Energy and co-chairman of the Texas Rangers Major League Baseball (MLB) team.

Career

In 1985, Simpson founded Cross Timbers Oil Company and has served as Chairman of the Board since July 1, 1996.[1] In 2001, the name of the company was changed to XTO Energy. In 2009 XTO Energy was ranked 325th on the Forbes Global 2000. In December 2009, ExxonMobil announced a proposal to acquire XTO Energy for $41 billion.[2] The merger was completed in June 2010.[3]

Baseball owner

In August 2010, Simpson and another Texas oil magnate, Ray Davis, served as co-lead investors in the $593 million winning bid to take the Texas Rangers baseball team out of bankruptcy.[4] Simpson and Davis became co-chairmen of the Rangers, but initially remained in the background, leaving the Rangers in the hands of managing partner and CEO Chuck Greenberg and President Nolan Ryan. They served mainly as senior consultants, an arrangement continued after Greenberg resigned in 2011, making Ryan the undisputed day-to-day head of the franchise.[5]

In October 2010, the Texas Rangers played in the World Series for the first time in franchise history, but lost the series to the San Francisco Giants.[6] In October 2011, the team again reached the World Series, but lost again, this time to the St. Louis Cardinals.[7] Ryan left the ownership group in 2013. However, Davis and Simpson mostly left the Rangers in the hands of general manager Jon Daniels and have rarely interfered. As before, they served mostly as senior consultants. This continued when Daniels was succeeded by Chris Young.

Education

Simpson received a BS in accounting and an MBA from Baylor University.[8] He was awarded the Distinguished Alumni Award in 2010.[9]

RayLynn Records

In 2012, Simpson, along with his wife Janice, started a record label for emerging musicians named RayLynn Records. Hear Me, the debut album from up and coming rock musician Kyle Sherman, was the first recording produced by the company.[10] [11] [12] [13] [14] [15]

Numismatics

Simpson is an avid coin collector, and has amassed a collection of rarities. In 2020, part of his collection was auctioned off, including an 1894-S dime (one of nine known to exist).[16] [17]

Notes and References

  1. News: Profile - Bob R. Simpson. Forbes. 2011-10-14. https://web.archive.org/web/20111027200722/http://people.forbes.com/profile/bob-r-simpson/87765. 2011-10-27. dead.
  2. News: Exxon Mobil to buy XTO Energy in $43 billion deal. 2009-12-14. marketwatch.com. 2011-10-14.
  3. News: Exxon-XTO Energy Merger Completed. https://web.archive.org/web/20100702024245/http://www.istockanalyst.com/article/viewarticle/articleid/4259788. dead. July 2, 2010. Jun 29, 2010. istockanalyst.com. 2011-10-14.
  4. Web site: Rangers exit bankruptcy after Greenberg-Ryan bid is approved. 6 August 2010. mlb.com. Oct 14, 2011.
  5. Web site: Davis, Simpson to continue as low-key counsel - Board co-chairmen's roles will remain behind the scenes. March 11, 2011. mlb.com. Oct 14, 2011. https://web.archive.org/web/20130921054237/http://texas.rangers.mlb.com/news/article.jsp?ymd=20110311&content_id=16905240&vkey=news_tex&c_id=tex. September 21, 2013. dead.
  6. News: Rangers Beat Yankees, 6-1, to Advance to World Series for First Time. October 22, 2010. mlb.com. Oct 14, 2011.
  7. News: Rangers Lose Game 7 To Cardinals: World Series Defeats End Consecutive Texas Seasons. 2011-10-29. huffingtonpost.com. Oct 29, 2011.
  8. News: CEO Compensation #10 Bob R Simpson. https://web.archive.org/web/20080506062219/http://www.forbes.com/lists/2008/12/lead_bestbosses08_Bob-R-Simpson_GQF8.html. dead. May 6, 2008. 2008-04-30. www.forbes.com. Oct 14, 2011.
  9. Web site: 2010 Distinguished Alumni Award Recipients Named. Baylor Alumni Association. Oct 14, 2011. https://web.archive.org/web/20130618201603/http://btl.bayloralumniassociation.com/?p=139. June 18, 2013. dead.
  10. Web site: Music News, September 2012: RAYLYNN RECORDS UNVEILS POP ARTIST KYLE SHERMAN FOR ALBUM DEBUT HEAR ME ON OCTOBER 9, 2012 . Jesusfreakhideout.com . 2014-04-08.
  11. Web site: Hear Me by Kyle Sherman | CD Reviews And Information . NewReleaseTuesday.com . 2014-04-08.
  12. Web site: Hear Me - Kyle Sherman | Songs, Reviews, Credits, Awards . AllMusic . 2014-04-08.
  13. Web site: Time . Hear Me: Kyle Sherman . Christianbook.com . 2014-04-08.
  14. Web site: Music News, February 2013: WORSHIP ARTIST KYLE SHERMAN JOINS FRANCESCA BATTISTELLI'S HUNDRED MORE YEARS TOUR FEATURING THE AFTERS AND THE OUTCOME . Jesusfreakhideout.com . 2013-02-21 . 2014-04-08.
  15. Web site: Lindsay Williams, Crosswalk.com Contributing Writer . Hear Me Won't Be Ignored - Christian Music Reviews, Interviews, News . Crosswalk.com . 2013-03-18 . 2014-04-08.
  16. Book: Simpson Part 1 Surpasses $14 Million . October 13, 2020 . Numismatic News (Active Interest Media) . Stevens Point, Wisconsin . 14–16.
  17. Web site: Bid Now on Selections From the Bob R. Simpson Collection . coinweek.com . 4 September 2020 . CoinWeek, LLC. . 26 October 2020.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Bob R. Simpson".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.