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Thread: Investor profile: Ben Statler

      
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    Default Investor profile: Ben Statler

    Investor profile: Ben Statler
    Bob Labriola – Steelers.com



    (Another in a series profiling the Steelers new investors.)

    If Horatio Alger was alive, he would relate to Ben Statler. You see, Alger, who died in 1899, was a prolific 19th-century American author whose series of novels were based on the adventures of a particular hero during his rise from a humble background to a life of accomplishment and prosperity.

    That’s the Ben Statler story.

    Statler, the son of a coal miner, is a first-generation college student who initially worked in the mines as a laborer and would rise steadily through the industry until he formed his own company.

    Statler was born and raised in Monongalia County, W.Va., and this third-generation miner worked the midnight shift while enrolled at West Virginia University, from where he graduated with a degree in mining engineering in 1973.

    Initially hired at Consolidation Coal Co. as a laborer in 1969 while he was a student, Statler graduated from college and then rose to become senior vice president of mining at the company in 1996. He formed his own mining company three years later, and then in 2003 Benjamin Statler LLC and Questor Management obtained the assets of U.S. Steel Mining Co. and founded PinnOak Resources LLC.

    Statler is now retired, but he always appreciated the education he received at West Virginia, often referring to it as “the foundation of much of what I’ve been able to accomplish.” And so, in October 2007 Statler and his wife, Jo, donated $25 million to the university, the largest gift in its 142-year history.

    The bulk of the donation was earmarked for health sciences programs, the College of Engineering and Mineral Resources, and a new scoreboard for the WVU Coliseum.

    Another portion supports the comprehensive breast cancer program at the Mary Babb Randolph Cancer Center, with the purchase of a mobile digital mammography unit, called “Bonnie’s Bus,’ to honor the memory of Jo Statler's mother, who died in 1992 of breast cancer.

    “We hope that we can save lots of women from going through what my mom went through,” said Mrs. Statler when the donation was announced.

    For this substantial donation, Ben and Jo have been named Most Loyal West Virginians during Mountaineer Week; they were honored with the 2008 Outstanding Philanthropists Award for their “display of exceptional generosity, commitment, leadership and proven records of outstanding civic and charitable devotion to WVU;” they received the Milan Puskar Award for their extensive role in the community; and Ben Statler has been awarded an honorary doctorate degree from West Virginia University.

    Ben Statler recently took time to answer some Steelers-related questions:

    Q. How did you come to be interested in joining the Steelers as an investor?

    A. When I heard that the possibility of ownership might be available, I had an interest.

    Q. What was it about the Steelers that made the team a solid investment proposition?

    A. Their history, and the way the organization has always been run.

    Q. Before you became an investor, were you a Steelers fan?

    A. Absolutely!

    Q. Are you a Steelers fan now, or is your relationship with the team more about business?

    A. I’m a BIG FAN.

    Q. Do you watch all of the games?

    A. I attend most of the games.

    Q. What kind of a fan are you when you’re watching a Steelers game? Vocal? Critical? Nervous? Enthusiastic?

    A. All of the above.

    Q. What current Steelers player do you enjoy watching the most?

    A. I love them all!

    http://www.steelers.com/news/article...7-fd00a36b655b
    "You only have one life, and you will not get out alive. Make the most of your time and have no regrets." - Me.

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    Default Re: Investor profile: Ben Statler

    Man of a thousand words.

    Loved his well thought out responses to the questions asked. From his answers you would think he doesn't know a ****ing thing about the Steelers.

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    Default Re: Investor profile: Ben Statler

    Quote Originally Posted by LasVegasGuy View Post
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    Man of a thousand words.
    Yea, I thought the same thing... If you KNOW that it is going to be in print as a sort of "introduction", then make it good.
    "You only have one life, and you will not get out alive. Make the most of your time and have no regrets." - Me.

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    Default Re: Investor profile: Ben Statler

    He couldn't answer what kind of fan are you better then "all of the above." His favorite Steeler is "I love them all."

    I hope these guys have a general interest in the Steelers and not just deep pockets.

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    Default Re: Investor profile: Ben Statler

    IMO, most of the questions were of the ****ed variety.

    He was more than likely a fan before an investor, probably a season ticket holder.

    He didn't invest in the team to make money, he probably has more than enough already and he knew this would be a very safe investment, sure not to lose money....how can you now a days in the NFL with the TV contracts. It was probably more about being connected to other NFL owners, rubbing elbows with other millionaires. Just to be able to say...I own a piece of them...all about status.

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    Default Re: Investor profile: Ben Statler

    Quote Originally Posted by LasVegasGuy View Post
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    Man of a thousand words.

    Loved his well thought out responses to the questions asked. From his answers you would think he doesn't know a ****ing thing about the Steelers.
    In all honesty,who ****ing cares??Its not like he's running the day to day operations.He wants to make money.Who the hell doesn't??

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    Default Re: Investor profile: Ben Statler

    Quote Originally Posted by LasVegasGuy View Post
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    He couldn't answer what kind of fan are you better then "all of the above." His favorite Steeler is "I love them all."

    I hope these guys have a general interest in the Steelers and not just deep pockets.
    Most owners dont' really go into partnerships having any specific love for a team and their players. Basically a lot are conservative fans at best.... what usually happens is that once you become a partner and such... the team and interest grows on you because it's now something that you are part of it. You follow it more, you develop an emotional attachment to the team..... and questions like the ones he failed to answer he can now answer.

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    Default Re: Investor profile: Ben Statler

    Quote Originally Posted by Les View Post
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    In all honesty,who ****ing cares??Its not like he's running the day to day operations.He wants to make money.Who the hell doesn't??
    Isn't that how we ended up with Tomlin.

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    Default Re: Investor profile: Ben Statler

    Quote Originally Posted by LasVegasGuy View Post
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    Isn't that how we ended up with Tomlin.
    Dude,you have a serious hard on for that guy,don't you??

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    Default Re: Investor profile: Ben Statler

    Quote Originally Posted by bleedBnG58 View Post
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    IMO, most of the questions were of the ****ed variety.
    Yea, probably so..... But....

    They were the same questions asked of all the new investors, and the other two so far "profiled" (they are in past threads that I've posted over the last few weeks) seemed to have at least somewhat decent answers.

    ... For a minute, I thought they were interviewing "Silent Bob"...
    "You only have one life, and you will not get out alive. Make the most of your time and have no regrets." - Me.

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