Jeffrey Brotman Explained

Jeffrey Brotman
Birth Name:Jeffrey Hart Brotman
Birth Date:27 September 1942
Birth Place:Tacoma, Washington, U.S.
Death Place:Medina, Washington, U.S.
Known For:Cofounder and chairman of Costco
Alma Mater:University of Washington (B.A. & J.D.)
Children:2

Jeffrey Hart Brotman (September 27, 1942 – August 1, 2017) was an American businessman, investor, lawyer, and philanthropist. Brotman was the cofounder and chairman of Costco Wholesale Corporation.

Early life and education

Brotman was born in a Jewish family in Tacoma, Washington, the son of Pearl and Bernie Brotman.[1] [2] His grandparents were Jewish emigrants from the Kingdom of Romania, now Romania, to Saskatchewan; his parents immigrated to the US and settled in Tacoma. His father was an owner of Seattle Knitting Mills. Along with his uncles, he owned a chain of 18 retail stores in Washington and Oregon named Bernie's.[3]

In 1965, the family moved to Seattle. Brotman graduated from the University of Washington in 1964 with a degree in political science and in 1967 with a J.D. He was a member of the Zeta Beta Tau fraternity at the University of Washington.[4] After school, he and his brother, Michael, founded a women's jeans store named Bottoms; and in the 1980s, they founded the Jeffrey Michael chain of men's clothing stores, which they operated into the 1990s.

Career

In 1982, Brotman cofounded Costco Wholesale Corporation with Jim Sinegal,[5] a protégé of Sol Price, the founder of PriceSmart. He served as chairman from the company's inception until his death, except during a stretch from 1993 to 1994 when he was vice chairman.[6] In 2017, Costco operated 736 warehouse stores.

Brotman was also an early investor in Howard Schultz's Starbucks Corporation.

Philanthropy

Brotman served on the boards of several public companies and[7] according to Businessweek magazine, was "connected to 13 board members".[8] [9] He sat on the board of directors of the Million-Dollar Roundtable at the United Way of King County.[10] He also served on the boards of Seafirst Bank, Starbucks, and was a trustee at the Seattle Art Museum.[11] He and his wife Susan donated to numerous causes, especially at the University of Washington, where they funded hundreds of student scholarships. They also endowed the Jeffrey & Susan Brotman Professorship at UW Law School, currently held by Steve Calandrillo.

Personal life

Brotman was married to Susan Thrailkill, a Montana native and a former retail executive who served on the board of Nordstrom; they had two children, Justin Brotman, an activist and businessman,[12] [13] and Amanda Brotman-Schetritt, a Barnard College graduate who is a businessman working in sustainability, philanthropy, and design.[14] [15] [16] [17]

On August 1, 2017, Brotman died in Medina, Washington at the age of 74.[18] [19] He died in his sleep, possibly due to heart failure. He was a member of Temple Beth El in Tacoma.

Notes and References

  1. http://www.historylink.org/index.cfm?DisplayPage=output.cfm&file_id=8172 History Link: "Brotman, Jeffrey H. (b. 1942) and Susan R. (b. 1949)"
  2. News: Jeff Brotman, Jewish Costco founder, dead at 74 . Cleveland Jewish News. August 4, 2017 .
  3. http://community.seattletimes.nwsource.com/archive/?date=19960825&slug=2345913#_ga=2.199811565.218361226.1509894538-819725145.1509894538 Seattle Times: "Bernard Brotman Was Innovator In Retail Business" by Carole Beers
  4. Web site: Notable Alumni . . August 1, 2017 . December 5, 2016 . https://web.archive.org/web/20161205230940/http://www.zbt.org/who-we-are/notable-alumni.html . dead .
  5. http://www.costco.com.au/About/History.shtml Costco About
  6. News: McGregor . Jena . 7 September 2011 . On Leadership: Costco chief executive Jim Sinegal . Washington Post . 2012-03-04.
  7. https://people.forbes.com/profile/jeffrey-h-brotman/2356 Brotman Bio
  8. https://archive.today/20120710024030/http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=200002&ticker=COST:US Business week on Brotman
  9. https://archive.today/20120716015409/http://investing.businessweek.com/research/stocks/people/person.asp?personId=200002&ticker=COST:NR Jeffrey Brotman Executive Profile
  10. http://www.marketwatch.com/investing/stock/cost/insiders?pid=41639633 Jeffrey H. Brotman
  11. Web site: Jeffrey H. Brotman . NNDB . 2012-03-04.
  12. News: 2015-05-05. The Costco heir who became a voice for Baltimore. en-GB. BBC News. 2020-11-15.
  13. Web site: jseattle. 2016-02-22. Liquidation: Healeo shutters Capitol Hill cafe, lives on in wholesale juice biz. 2020-11-15. CHS Capitol Hill Seattle. en-US.
  14. News: Jeff Brotman, Founder of Retail Juggernaut Costco, Dies at 74 . Sam . Roberts . Sam Roberts (newspaper journalist) . . August 2, 2017.
  15. Web site: How I Broke Free From the Status Quo of The Fashion Business . Swaay . October 28, 2009.
  16. Web site: BEnet: True to Yourself Sales. 2020-11-15. our.barnard.edu. en.
  17. Web site: Meet the Founder: Jewelry Designer Amanda Brotman . Women on Topp . February 27, 2020.
  18. Web site: Costco's co-founder and chairman dies . Julia . Horowitz . CNN . August 1, 2017.
  19. Web site: Jeffrey Brotman, Who Co-Founded Costco in 1980s, Dies at 74 . Nick . Turner . Spencer . Soper . . August 1, 2017.