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Pilot Flying J

FB Roundup: Jimmy Haslam, Ken Giffin, Mark Scheinberg

April 17, 2023

In this week’s FB Roundup, the Haslam family buy a stake in the Milwaukee Bucks basketball team; Ken Griffin donates $300 million to Harvard University; and Online poker billionaire Mark Scheinberg aims to buy luxury hospitality group.

Haslam family buy stake in Milwaukee Bucks basketball team
Having recently sold their Pilot Flying J truck stop chain to Warren Buffett’s Berkshire Hathaway, Jimmy Haslam and his wife Susan “Dee” Bagwell Haslam have added to their sports franchise interests with a minority stake in the American basketball team the Milwaukee Bucks.

Crystal Call Maggelet on family stewardship, entrepreneurialism and succession

November 9, 2020

Entrepreneur Crystal Call Maggelet led her father’s petroleum empire out of crises and into a secure diversified future, ready for her next generation to eventually take over.

Entrepreneur Crystal Call Maggelet led her father’s petroleum empire out of crises and into a secure diversified future, ready for her next generation to eventually take over.

FB Roundup: Harvey Weinstein, Warren Buffett, and Tata Sons

October 12, 2017

Weinstein’s brother tasked with taking over; Buffett bets against autonomous trucking future;Tata Sons consolidates to cut losses

Weinstein’s brother tasked with taking over

Bob Weinstein is to take over the film company he founded with his brother, Harvey, after the high-level sexual harassment scandal which has seen the family business’s reputation severely damaged.

Pilot Flying J can keep talking

May 2, 2013

A circuit court judge has ruled that truck stop chain Pilot Flying J, which was raided by Federal investigators last month in relation to alleged fraud on fuel rebates to US trucking companies, can continue to talk to customers in an effort to resolve any disputes.

Attorneys for Georgia trucking firm Atlantic Coast Carriers had asked the court to forbid Pilot Flying J from contacting trucking companies to determine if there was an underpayment in their rebate for diesel fuel purchases.

Pilot Flying J offices raided

April 18, 2013

Pilot Flying J, one of the biggest privately controlled businesses in America, is under investigation by the FBI and Internal Revenue Service for concerns over rebates it offered its clients.

Federal investigators raided the headquarters of the Tennessee-based truck stop company on April 15 with staff ordered to leave the building.

The next day second-gen chief executive Jimmy Haslam, who is also owner of the Cleveland Browns football team, held a press conference to confirm that the company is subject to a criminal investigation.

Second-gen back in the cockpit at Pilot Flying J

February 12, 2013

It seems that Jimmy Haslam just can't tear himself away from the family business. The owner of the Cleveland Browns has returned to truck-stop chain Pilot Flying J as chief executive just five months after hiring non-family John Compton to take his place.

Haslam left the management of the Tennessee-based truck-stop and convenience store chain after buying the Cleveland Browns football team in August 2012 for $1 billion (€744 million). He had planned to focus all his efforts on the Browns.