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More Karmanos drama: ‘Canes owner turfed from company he founded

Sep 30, 2013, 2:04 PM EDT

Peter Karmanos Jr.

The last month has certainly been turbulent for Carolina Hurricanes owner Peter Karmanos.

Three weeks after controversially firing his son as assistant GM, Karmanos has been turfed from his consulting gig with Compuware — the company he founded in 1973 — after blasting the company publicly.

Here’s more, from the Detroit News:

Speaking at the Sept. 20 Old Newsboys Goodfellows Tribute Breakfast, Karmanos, 70, was critical of current Compuware management, which is entertaining a bid for the company.

“Current management of Compuware needs to get their head out of their ass, all right, and understand they have more responsibility than playing some kind of silly game with some jerks in New York City,” he said in widely quoted remarks.

Karmanos also blasted Compuware manager and owners as neglecting their responsibilities to other stakeholders in the company beyond shareholders. “CEO means community, employees and then the owners,” he said, in a veiled reference to CEO Bob Paul.

Karmanos retired from the software and technology company in 2011 but still held the aforementioned consulting gig — a six-year deal at $600,000 annually — until five days after making those comments, at which time Compuware informed Karmanos it was terminating the arrangement.

According to the News, a Sept. 27 filing with the Securities and Exchange Commission said the termination was “for cause.”

As mentioned above, Karmanos made waves earlier this month by axing his son, Jason, who’d been with the ‘Canes organization for 15 years. In explaining the reason for said dismissal, the younger Karmanos said it stemmed from a personal dispute with his father, not job performance.

“The disagreement I had with my father had nothing to do with the direction of the team or the business of the team,” Jason told the Raleigh News & Observer. “This has nothing to do with my job performance.

“It’s an unfortunate situation and it’s extremely disappointing. My emotions are still raw. A big chunk of my life has been devoted to working for the team and I will miss it very much, as well as all the great people that I have worked with on a daily basis.”

  1. LampyB - Sep 30, 2013 at 2:12 PM

    Must be nice to have a dad that owns an nhl team, easy way to jump right in. He can go to work for any team now.

  2. blue21c - Sep 30, 2013 at 2:23 PM

    Karmanos is a SCHMUCK!!!!!!!

  3. ibieiniid - Sep 30, 2013 at 2:35 PM

    here you go caniac. here’s that Canes mention you wanted. see, I’m glad they don’t talk about the Canes much. they’re boring.

    • caniac4ever - Sep 30, 2013 at 3:19 PM

      The guy openly blasted part of the 1%. Good for him. That’s a positive in my book. Nice try though.

      • ibieiniid - Sep 30, 2013 at 3:30 PM

        ::startled awake::
        HUH? oh. I didn’t actually read the article. well i did til I fell asleep.

        (lol sorry i’m just boredom-bashin)

  4. earpaniac - Sep 30, 2013 at 3:05 PM

    He is now apparently entering his “I don’t care I’m a crazy old man” phase.

    • echojester - Oct 1, 2013 at 11:59 AM

      The “Al Davis” of the NHL.

  5. cheliostwin - Sep 30, 2013 at 3:09 PM

    Karmanos has said in earlier interviews that he is afraid if the company is bought out, the new owners will move the headquarters out of Detroit, throwing hundreds of people out of work and threatening the corporation’s investures in Detroit. Compuware sponsors hockey leagues in the Detroit area, invests in community projects, redeveloping land and buildings in Detroit, etc.
    If new owners pull Compuware out of Detroit, it will have a devastating effect on a city that is already reeling. That is the reason behind the vitriol in his speech, there is increasing talk that Compuware is looking to be bought up by outside investors.

  6. earpaniac - Sep 30, 2013 at 3:19 PM

    I agree with his worries, @chelios, but wouldn’t it have done more good to stay inside the company and effect change? All he’s done now is get himself get fired. Now he can do nothing.

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