This document may not be reprinted without the express written permission of Chattanooga Times Free Press, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. But the foreclosure fight could threaten future development of the mountain, including a potential vegetable-growing business that was looking at locating in the area. There are 15 executives at Ford Motor Co getting paid more, with WilliamFord having the highest compensation of $16,757,200. on top of a corporate lawyer sitting onPinocchiosnose. A graduate of Tennessee Wesleyan, Mr. Thornton was president of American Rug Craftsmen, Inc., and he has been involved in numerous land development ventures in Wyoming and Tennessee. He knew there was no way he could win a bidding contest against a zillionaire. He wore the same wrinkled suit, day after day. Thornton previously had won a judgment against the businesses, but sought a personal judgment against the Maryville developer, as well. The following information is provided for citations. Its been 32 years since Knoxville-born Diana Dale Dickey was a UT Knoxville student. #searchlist {width:100%; border-bottom: 2px #e5e5e5 solid; margin: 3% 0 5% 0;} Eventually he started his own company, American Rug Craftsmen, selling it in 1993 to Mohawk Industries for $34 million. Sasser was trapped inside the besieged embassy for four days. Ebrahimi said he wanted the ranch as a present for his daughter, Sasha, who was graduating from MIT with a Ph.D. in biology. https://volopedia.lib.utk.edu/entries/john-thornton/, - Hodges Library 253 - eXperience Point Lab, A Lens into Appalachia: A Conversation with Documentary Filmmakers, Event: Title IX Impact on UT and Beyond, Big Orange Give Celebrates Tenth Anniversary, UT Libraries Unveils Digital Membership Card for Donors, "Bearing the Torch": A Conversation with Bob Hutton and Jack Neely. PHOTO COURTESY KNOXVILLE NEWS SENTINEL federal courtroom, it was time to call the bets. ul.searchbrowse li a:hover {color:#676767; border-bottom: 1px dotted #676767}. #searchbrowse-right {width:45%; float:left; margin: 0 2%; background: transparent;} He offered $50 million if Judge Peter McNiff would waive Thorntons right to match the high bidder. Other TV shows in which he has appeared include Ugly Betty, Hearts Afire, Nash Bridges, Boston Legal, Reba, Sordid Lives and Star Trek: Voyager. Though Sasser managed Albert Gore Sr.s unsuccessful reelection campaign in 1970, his own campaigns later bore better fruit. In addition, he makes $340,441 as Independent Director at Ford Motor Co. John has made over 6 trades of the Ford Motor Co stock since 2003, according to the Form 4 filled with the SEC. He earned the bachelors degree in business management from Tennessee Wesleyan College in 1975. But Thornton said he has worked with the managers of Chattanooga Ag Credit to rework the loan and pay down some of the debt. He began his business career selling knockoffs of oriental carpets. We don't have billionaire backers like some right-wing media outlets. Under Holt, enrollment tripled; faculty and staff doubled; eight new buildings were added to the Knoxville campus; funding increased 400 percent; the Martin campus added graduate programs; the Space Institute was established in Tullahoma; the formerly private University of Chattanooga became part of the new UT System; and a distinguished science program was initiated in cooperation with Oak Ridge National Laboratory. AT&T launched their corporate hyena squad. At values established by selling off the land parcels, the donation would have a tax-deductible value of about $35 million, enough to cover most of Thorntons capital gains tax liability. My heart sank.. I didn't commit any fraud.. Beginning his career as a child actor, Osment's role in the comedy-drama film Forrest Gump (1994) won him a Young Artist Award.His breakthrough came with the psychological thriller film The Sixth Sense (1999), which won him a Saturn Award and earned him nominations for an Academy Award, a Golden Globe Award and a . Despite two stints of studying at the University of Tennessee, the writer known as Cormac McCarthy never completed a degree. . 1015 Volunteer Boulevard In addition, he makes $340,441 as Independent Director at Ford Motor Co. SolarWinds Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. He will build only 23 exclusive homes on 700 acres along the Snake River. Joe Thornton's Net Worth In 2016 - $48 million. So were lots of other people, including Wal-Mart scion John Walton and Nomura Securities Internationals Max Chapman. A foreclosure sale is planned July 3 on the steps of the Marion County courthouse for the undeveloped portion of Jasper Mountain. Thunder Enterprises, a Chattanooga-based investment and real estate development firm, builds homes and communities in Tennessee, Wyoming, Montana, North Carolina and Hawaii. 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Thornton said when he approached AT&T about providing Gig service to Jasper Highlands he was quoted a price of $1.3 million to serve his mountaintop development more than three times what it ended up costing Thornton to build his own network connected to Alabama. 865-974-5179 Mr. Thornton is Co-Chair of the Asia Society, and is also a trustee, advisory board member or member of, the China Investment Corporation (CIC), Confucius Institute Headquarters, King Abdullah University of Science and Technology, McKinsey Advisory Council, Schwarzman Scholars, and the African Leadership Academy. John C. Thornton has been chief executive officer of Thunder Enterprises since he founded the company in 1991the first of many successful business ventures he established. The fact of the matter is that these big companies are unable to see beyond their strangleholds. Thornton then settled down for some serious fly-fishing, buying a second home in the Teton Pines development in trendy Jackson Hole, Wyo. #searchlist h2 a {color:#222; text-decoration:none; } In a lawsuit filed Thursday in Marion County Chancery Court, Thornton claims that Chattanooga Agricultural Credit Association "acted in bad faith and with unclean hands" by initiating foreclosure action against Thornton's business just after he got approval to build a road up to Jasper Mountain. Some names remain so tied to the University of Tennessee that the natural assumption is that they are alumni. "The foreclosure action isn't in the best interests of the bank or the community," said Dane Bradshaw, president of Thunder Enterprises who has worked on developing Jasper Highlands. John C. Thornton has been chief executive officer of Thunder Enterprises since he founded the company in 1991the first of many successful business ventures he established. We have estimated John Thornton's net worth, money, salary, income, and assets. Thornton was mighty tempted. His net worth has been growing significantly in 2021-2022. Thornton said he planned to repay the debt from Chattanooga Ag Credit, which finances only rural and agricultural property, with proceeds from the developing Jasper Highlands project. He also serves as the executive chairman of Barrick Gold Corporation and the non-executive chairman of PineBridge Investments. Thornton started calling around. He and his wife, Eileen, have a proposal before the Planning Commission. She described her journey to success as years of hard work, including odd jobswaitress, receptionist, driver for a tofu sandwich truck, products sales clerk in grocery stores, custodian, and performing as Barney the dinosaur and Shrek the giant at childrens parties. Anybody wants to help me collect it, Ill give them half., It was important to me not just to get a judgment from his company, but get one from him personally, Thornton said. A native of Maryville, Tenn., he started his business life peddling knockoffs of oriental carpets. His novels Child of God and Suttree continued his exploration of East Tennessee and Appalachian themes. Then shortly before Sasser left China, NATO troops mistakenly bombed the Chinese embassy in Belgrade, Yugoslavia, sparking violent protests in Beijing. 865-974-4351, The University of Tennessee, Knoxville But the most serious came from a man named Farhad Ebrahimi, cofounder of Denver software-publishing giant Quark, Inc. As soon as I saw him, I knew he was trouble, says Thornton. And yet upon inspection, they do not have a diploma from the University of Tennessee. John 'Thunder' Thornton wins $15.4M judgment against Mike Ross, UPDATE: Injured passengers identified in car crash that killed UGA football player and staffer, UPDATE: Escaped McKamey Animal Center dog finds forever home while on the run, UPDATE: Woman turns herself in following hit-and-run involving 16-year-old, Chattanooga man wanting Rossville dealership owner to do "what's right", Winter wonderland wedding for Tennessee couple. He is a Professor, Director of the Global Leadership Program, and a Member of the Advisory Board of the Tsinghua University School of Economics and Management in Beijing. Andy Holt was born in 1904 in West Tennessee and came from a family of educators. John Thornton is 66, he's been the Independent Director of Ford Motor Co since 1996. John "Thunder" Thornton, a significant University of Tennessee donor, had sued Ross and a pair of business entities related to Ross over Rarity Club, a waterfront project in Marion County, TN. So far, more than 40 of the first 99 lots in Jasper Highlands have been presold for residential development, collectively valued at more than $2 million. The private developer spent more than $400,000 to build his own fiber network and link it with a power cooperative in Stevenson, Ala., where fast broadband is available. He is from United States. Leadership Award Winner, Roger Pickett Selected As M.C. ChatGPT Sounds Exactly Like Us. How Is That a Good Thing? John Lawson Thornton (born January 2, 1954) is an American businessman and professor at Tsinghua University in Beijing, where he directs the Global Leadership Program. "Our costs are much less, but then I don't have to pay for 27 lobbyists in Nashville like AT&T does," Thornton quipped. John "Thunder" Thornton talks Thursday, March 31, 2016 at the Jasper Highlands office about the Jasper Highlands development getting Gigabit fiber optics broadband via Alabama for his 3,000-acre . Haley Joel Osment (born April 10, 1988) is an American actor and voice actor. The land belonged to a bankrupt California developer, Donald Albrecht. That year at homecoming, he was invited to run through the T along with Vol football players before the start of the game. While on patrol in 4th Avenue and E. 28th Street area, police observed a silver Chrysler 300, displaying a TN tag, that had a dark-colored tint in all five windows. The news was not good. PHOTO BY JACK PARKER FOR TORCHBEARER MAGAZINE Some changed the university forever. Thornton has launched himself into developing part of the Crescent H, built in the late 1920s by Heinz Ketchup money. John Thornton, a native of Maryville, Tenn., never made it on to the Forbes 400 list--but he's certainly not hurting for cash. In an interview Tuesday, Ross said he couldn't afford an attorney, and said the jury deadlocked. "Now that legal action has been initiated, we have no comment," Anderson said. Ways to get involved in the 2022 Election. So, how much is John Thornton worth at the age of 46 years old? Chattanooga businessman and developer John "Thunder" Thornton is proposing to subdivide his 10-acre Riverview estate. Thorntons prolific entrepreneurial leadership earned him induction into UT Chattanoogas Entrepreneurial Hall of Fame. This was big money, Silicon Valley-type IPO money. PASCAGOULA, Mississippi -- John "Thunder" Thornton, a virtual legend in Pascagoula for both his football exploits and ownership of an iconic business, has died at the age of 68. In 1992, Thornton founded and began serving as chairman of Thunder Air, a developer of high-end homes and master-planned communities. We both wanted to eat, but he wanted me to do all the hunting.. Riverton, a potential $300 millionresidential and commercial projectin North Chattanooga, won changes to suit a new master plan for the parcel that was bought last year by local developer John "Thunder" Thornton's Thunder Enterprises. I didnt want to agree to any punitive damages, because I didnt do anything wrong. He has served on the UT Board of Trustees, as chair of the UT Athletics Facilities Capital Campaign, as chair of the UT Development Council, and as cochair of the womens athletics Development Campaign. Haven't been able to find it online anywhere since. On average, Ford Motor Co executives and independent directors trade stock every 26 days with the average trade being worth of $1,405,464. John Thornton's income source is mostly from being a successful . The lawsuit went to trial in Marion County in December, and a consent judgment of more than $15.4 million including costs and attorneys fees was entered against Ross, who represented himself during the trial. Tenacity is a big thing youve got to have out there, no matter what it is you are going after. [5] Joe Thornton's Net Worth In 2017 - $50 million. Mr. Thornton also previously served as Chairman of Goldman Sachs Asia and as Co-Chief Executive of Goldman Sachs International, overseeing the firm's business in Europe, the Middle East, and Africa. He graduated from Knoxville Catholic High School in 1951 and completed one year at UT Knoxville before he joined the U.S. Air Force. Amabassador. A high-profile Chattanooga developer has won a multi-million-dollar judgment against Rarity Communities developer Mike Ross, but whether he collects it is another question. The scenic property at 12 Rivervista Dr. overlooking the Tennessee River now only contains the Thornton home and a tennis pavilion. Joe Thornton's Net Worth In 2014 - $42 million. He also fought to include African Americans in state delegations to NEA conventions and later persuaded UT trustees to integrate undergraduate education, admitting the first African American students in 1961. You can see the complete history of Mr. Thornton stock trades at the bottom of the page. So heres some real capitalist, free-markettype stuff. I looked like a whipped dog, says Thornton. Born in Providence, Rhode Island, McCarthy moved with his family to Knoxville when he was 4. Then he looks over at me. 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Hes calling the place Gig Mountain. Thornton tried to support the initiative to expand the municipal created broadband. Developer Mike Ross to pay John Thornton $15 million January 16, 2015 at 1:00 a.m. | Updated January 21, 2015 at 10:24 a.m. by Dave Flessner Development has stalled at Rarity Club on Nickajack. Copyright 2023, Chattanooga Times Free Press, Inc. He left an indelible mark as a legendary University of Tennessee president who transformed the university by turning it into a statewide system of higher education. Thornton said the foreclosure could devalue the property and hurt chances for a proposed 178-employee hydroponics business looking at locating greenhouses and an organic vegetable-growing business on the northern portion of the mountain. The most active insiders traders include Retiree Medical Benefits Tr, William Clay Jr Ford, and Richard A Manoogian. .searchbrowse-wrap {width:100%; margin: 0 0 10%; padding: 0 0 5% 0; border-bottom: 1px #e5e5e5 solid;} Thornton paid through the nose for the last chunk: an upfront fee of $3 million, and 20% interest. Once Im sure the auction is concluded, Thornton continues, I stand up, and look hard at Ebrahimi. Jordan played newspaper editor Mr. Blackly in the 2011 movie The Help and most recently appeared in American Horror Story: Roanoke after having previously appeared in American Horror Story: Coven. The bankruptcy trustees then beat the bushes for additional bids, running ads in national newspapers. There are 2 older and 24 younger executives at Ford Motor Co. In 2009 W. Allan Jones Jr. of Cleveland, Tennesseefor whom the Allan Jones Aquatic Center is namedpurchased the Crescent H Ranch. The first thing I found out is that Ebrahimi was on your Forbes Four Hundred. A high-profile Chattanooga developer has won a multi-million-dollar judgment against Rarity Communities developer Mike Ross, but whether he collects it is another question. "I am fully confident we would repay 100 percent of the loan" as the mountain ultimately is developed, Thornton said. UT Tower 1248C But by the twinkle in his eye and the grin on his face, you can tell Thornton is bluffing;again. The legal dispute between Thornton's Tango November LLC and the rural lending co-op won't affect the 560 acres Thornton now is developing as Jasper Highlands. On average, John trades about 296 units every 57 days since 2003. "We've had a fabulous response to the first phase of Jasper Highlands, which is why this action is so perplexing to us.". McNiff turned him down. Read more from our news partners at the Knoxville News Sentinel. A claim for punitive damages in the case was dismissed. The Thornton Athletics Student Life Center is named for him. It was there that Thornton found himself in a bidding match against a guy who was Forbes Four Hundred rich. He and his wife, Eileen, have a proposal before the Planning Commission for a Residential Planned Unit Development for the purpose of subdividing two existing lots into six Estate lots.. Ebrahimi stepped forward, a cadre of bankruptcy lawyers around him. airtight logic of a madman living inside of a Terry Gilliam film. The largest trade he's ever made was buying 10,200 units of Ford Motor Co stock on 23 May 2019 worth over $100,062. June 22, 2012 at 1:00 a.m. One man in Tennessee isn't waiting for his corrupted officialshe built his own broadband network. Bill Gates claimed the title of the richest person in the world for the fourth year in a row and for. John C. Thornton's House (Google Maps). who are jesse james keitel parents; national safety compliance quiz answers 15 024; do physicians in albuquerque; . Knoxville, TN 37902 #searchlist h2 {font-family:'Myriad W01 SmBd', sans-serif; color: #616161; font-size: 0.81255em; /* 13/16 */ line-height: 1.1em; text-transform: uppercase;} All rights reserved. Thornton's Thunder Enterprises has acquired 7,400 acres in Marion County not far from its Jasper Highlands community, which is set to sell out sooner than expected. Site content may be used for any purpose without explicit permission unless otherwise specified. SolarWinds is a leading provider of powerful and affordable IT management software. The finest fly-fishing water in the nation runs through his ranch. It won the 2007 Pulitzer Prize for fiction. Bloomberg Markets European Close. ourtennessee@tennessee.edu, A History of Generous Giving Means a More Prosperous Tennessee Future. That work resulted in a teacher retirement plan and a statewide sales tax to help finance public education. | Updated January 1, 1904 at 1:00 a.m. Chattanooga developer John "Thunder" Thornton is suing the lender that financed his purchase of Jasper Mountain to block a pending foreclosure of most of the Marion County mountain he wants to develop. John C. Thornton is chairman of Thunder Enterprises, an investment and real estate development firm in Chattanooga. The flagship campus of the University of Tennessee System and partner in the Tennessee Transfer Pathway. John has made over 4 trades of the SolarWinds Corp stock since 2009, according to the Form 4 filled with the SEC. He has also served on boards at UT Chattanooga and is an active civic leader in Chattanooga. The insights the company gains from them, in places like its THWACK community, allow SolarWinds to solve well-understood IT management challenges in the ways technology professionals want them solved. 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