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Friday, May 16, 2008

SF Chronicle: Magowan stepping down as Giants’ boss

Peter Magowan announced Friday he will retire as the Giants’ managing general partner at the end of this season, ending a 16-year reign that brought to San Francisco a new ballpark, Barry Bonds, a World Series, and ultimately scorn as the team became the eye of the baseball steroids storm.

The Giants also said that William Neukom, one of the Giants’ principal investors, will replace Magowan as managing general partner and that Larry Baer, currently the chief operating officer and executive vice president, will be promoted to president. Neukom, who was raised in San Mateo, is the former general counsel for Microsoft Corp. and is currently president of the American Bar Association.
...
In an interview Friday afternoon, Magowan told The Chronicle he will retain an ownership stake in the Giants but will sell some of his shares to a group of current investors led by Neukom, who was named a general partner in 2003 after increasing his stake in the team. The other general partner is Sue Burns, the largest shareholder.
...
When asked if Sabean’s job was safe, Magowan said, “He’s certainly safe as far as I’m concerned. Bill has said he’s got confidence in Brian. You can’t say anybody’s got a guaranteed job. I never had a guaranteed job. I’ve never operated my entire life with a contract. I haven’t had one in 16 years here.”
...
His biggest regrets include not acting sooner to build up the farm system and holding on for too long to the strategy of acquiring older players to complement Bonds, which worked well until Bonds aged and hurt his knee in 2005.

NTNgod Posted: May 16, 2008 at 09:59 PM | 18 comment(s) | Login to Bookmark
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   1. wcw Posted: May 16, 2008 at 10:25 PM (#2783690)
You know what I love? Watching a Merrill heir who inherited his CEO job from his father act like he pulled himself up by his bootstraps. "I never had a guaranteed job, I’ve never operated my entire life with a contract?" I don't care how hard he worked at Safeway, or good he happened to be: what a maroon.
   2. scareduck Posted: May 16, 2008 at 10:58 PM (#2783727)
The Giants also said that William Neukom, one of the Giants’ principal investors, will replace Magowan as managing general partner and that Larry Baer, currently the chief operating officer and executive vice president, will be promoted to president. Neukom, who was raised in San Mateo, is the former general counsel for Microsoft Corp. and is currently president of the American Bar Association.

The Blue Screen of Death takes on multiple meanings!
   3. Steve Treder Posted: May 16, 2008 at 11:25 PM (#2783766)
You know what I love? Watching a Merrill heir who inherited his CEO job from his father act like he pulled himself up by his bootstraps. "I never had a guaranteed job, I’ve never operated my entire life with a contract?"

What's that line about George W. Bush? "He was born on third base, and thinks he hit a triple."
   4. Chip Posted: May 17, 2008 at 12:10 AM (#2783812)
It's not being associated with Bonds that lost him the job. When he had Bonds, he had full parks, and full park cash flow to help cover the debt service, and the partners were happy.

Now he's got no Bonds, lots of empty seats, and partners afraid of getting dunned more and more to cover the debt payments.
   5. bumpis hound Posted: May 17, 2008 at 12:11 AM (#2783814)
Another Bonds casualty.

Kevin's dignity now has more company in the 9th level.
   6. The Most Interesting Man In The World Posted: May 17, 2008 at 12:23 AM (#2783821)
What's that line about George W. Bush? "He was born on third base, and thinks he hit a triple."

I'm not sure who originated that, but Pearl Jam has a song called Bu$hleaguer, where they describe him in those exact words.
   7. gef the talking mongoose Posted: May 17, 2008 at 01:11 AM (#2783848)
Or Molly Ivins? Maybe she just popularized it ...
   8. Boots Day Posted: May 17, 2008 at 01:47 AM (#2783863)
I think Ann Richards said it about George H.W. Bush. I know Richards' "silver foot in his mouth" line was directed at him.
   9. Justin T contains indigenous nudity Posted: May 17, 2008 at 02:25 AM (#2783892)
Watching the press conference this afternoon, I began to think of Magowan as a potential successor to Selig. I know, I know, he might be getting shoved out for enabling Barry Bonds, but hear me out. This guy's clothes fit him terribly. A guy that rich who can't take the time to get clothes that are meant for his body just screams COMMISSIONER!!!
   10. Gern Blanston Posted: May 17, 2008 at 02:39 AM (#2783899)
I was thinking it was Jim Hightower with the "born on third" comment. Well, between those three, we've pretty much got the universe of liberal Texans of the last 15 years. And 2 of 'em are dead.
   11. Chip Posted: May 17, 2008 at 03:47 AM (#2783923)
And so, you think tolerating Bonds' cheating all those years and now not having any Bonds are two isolated events, huh?


I'm thinking "tolerating Bonds' cheating" was never a factor in how Magowan's limited partners viewed his performance as managing general partner, and still isn't. Even if it was, why would they wait until two months into the next season to oust him over it, and leave him in place until the end of the season when they did?

And why would they promote his right-hand man Larry Baer into more authority at the same time they announced Magowan's eventual departure? If this move is somehow about "tolerating Bonds' cheating," Baer would be seen as just as complicit in it as Magowan. He's the one who marketed the hell out of having Bonds on the team all these years.

No, the other limited partners viewed Magowan's performance first and last through the prism of financial performance, and what it meant to their individual wallets.
   12. JMM Posted: May 17, 2008 at 04:02 AM (#2783931)
I think Ann Richards said it about George H.W. Bush. I know Richards' "silver foot in his mouth" line was directed at him.

Richards said it at the 1988 Democratic Convention during her keynote address.

[url=http://gos.sbc.edu/r/richards.html]And, for eight straight years George Bush hasn't displayed the slightest interest in anything we care about.

And now that he's after a job that he can't get appointed to, he's like Columbus discovering America. He's found child care. He's found education.

Poor George. He can't help it - he was born with a silver foot in his mouth.[/url]


Which has been varied -- not by Richards -- when directly at the son as born with a silver coke spoon in his nose.
   13. Argu!!!! SATAN!!!! (Sessile Fielder) Posted: May 17, 2008 at 04:59 AM (#2783957)
I was thinking it was Jim Hightower with the "born on third" comment.

You're right.
   14. Exploring Leftist Conservatism since 2008 (ark..) Posted: May 17, 2008 at 06:00 AM (#2783965)
I was thinking it was Jim Hightower with the "born on third" comment. Well, between those three, we've pretty much got the universe of liberal Texans of the last 15 years. And 2 of 'em are dead.


As God must be, in a universe where Molly Ivins dies and Dick Cheney lives.
   15. 6 - 4 - 3 Posted: May 17, 2008 at 06:12 AM (#2783966)
As God must be, in a universe where Molly Ivins dies and Dick Cheney lives.

Makes perfect sense to me: God loves Ivins and Satan fears Cheney.
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