James Crown Explained

Jim Crown
Birth Name:James Schine Crown
Birth Date:25 June 1953
Birth Place:Chicago, Illinois, U.S.
Death Place:Woody Creek, Colorado, U.S
Spouse:Paula Hannaway
Children:4
Relatives:Lester Crown (father)
Susan Crown (sister)
Henry Crown (grandfather)
Junius Myer Schine (grandfather)
G. David Schine (uncle)
Education:Hampshire College (BA)
Stanford University (JD)

James Schine Crown (June 25, 1953 – June 25, 2023) was an American businessman and heir. He was president of Henry Crown and Company, a family investment company.[1] Crown was a director of JPMorgan Chase & Co., General Dynamics and Sara Lee. He was also the managing partner of the Aspen Skiing Company.[2]

Early life

Crown was born the son of Renée (née Schine) and Lester Crown. His mother was the sister of producer G. David Schine[3] and the daughter of theater and hotel magnate, Junius Myer Schine.[4] His grandfather was Chicago industrialist Henry Crown. His sister was Susan Crown.

Career

In 1976, Crown earned a Bachelor of Arts from Hampshire College in Amherst, Massachusetts, and a Juris Doctor from Stanford Law School in 1980. He served as chairman of the board of trustees of the University of Chicago from 2003 to 2009.[5] [6] After law school, Crown worked as an associate for Salomon Brothers in New York City where he became a vice president in the Capital Markets Service Group in 1983.[7]

In 1985, he returned to Chicago to join his family's investment firm. He became president in 2002 and chairman and chief executive in 2018.[8]

In June 2023, Crown served as the chairman of the Commercial Club of Chicago Civic Committee's public safety task force.[9]

Personal life and death

In 1985, Crown married Paula Hannaway, a 1980 magna cum laude A.B. graduate of Duke University and 2012 M.A. graduate of School of the Art Institute of Chicago. The couple had four children.

Crown died in a single vehicle crash at the Aspen Motorsports Park in Woody Creek, Colorado, on June 25, 2023, his 70th birthday.[10]

Notes and References

  1. News: Daly . Louise . October 17, 2005 . Crown Family . . May 11, 2014 .
  2. News: Condon . Scott . July 8, 2008 . Aspen Skiing Co.'s Jim Crown shares views on the ski industry . . May 11, 2014 .
  3. http://www.nydailynews.com/archives/gossip/plane-crash-cohn-pal-rumors-flying-article-1.726856 New York Daily news: "Plane crash of Cohn Pal Has Rumours Flying" by George Rush, Joanna Molloy, and Baird Jones
  4. News: J. Myer Schine, 78, Hotel Man, Dead . . May 10, 1971. 16 March 2008 .
  5. News: June 13, 2003 . University's Board of Trustees vote James Crown as new Chairman, succeeding Edgar Jannotta . University of Chicago Chronicle . May 11, 2014 .
  6. News: February 12, 2009 . James Crown to step down as Chairman of the Board of Trustees . University of Chicago Chronicle . May 11, 2014 .
  7. https://www.aspeninstitute.org/our-people/james-schine-crown-2/ Aspen Institute: "James Schine Crown"
  8. https://investorrelations.gd.com/corporate-governance/board-of-directors/default.aspx General Dynamics Board of directors biography "James S. Crown Lead Director"
  9. News: June 10, 2023 . Chicago Business Group Backs Big Push Into Violence Prevention . Wall Street Journal . June 10, 2023 .
  10. News: Blevins . Jason . Paul . Jesse . June 25, 2023 . James Crown, owner of Aspen Skiing Co., dies in crash at Aspen Motorsports Park . The Colorado Sun . June 25, 2023.