Herbert Kelleher Wiki
Herbert Kelleher Bio
|Herbert David Kelleher was born on 12th March 1931 and died on 3rd January 2019. He was an American businessman. Kelleher was the co-founder, Chairman Emeritus and former CEO of Southwest Airlines.|
|Herbert Kelleher Born||
He was born on 12th March 1931 in Camden, New Jersey, U.S.
|Herbert Kelleher Died||January 3, 2019 (aged 87)|
|Herbert Kelleher Wife||Joan Negley (m.1955)|
|Herbert Kelleher Children||He had four children|
|Herbert Kelleher Education||Wesleyan University
New York University
|Known for||Co-founder of Southwest Airlines|
|Herbert Kelleher Net worth||US$2.5 billion|
Herbert Kelleher Early Life and Education
Kelleher was born in Camden, New Jersey and grew up in Audubon, New Jersey. He graduated from Haddon Heights High School. He earned a bachelor’s degree from Wesleyan University where he was an Olin Scholar and where his major was English and his minor Philosophy, and a Juris Doctor from New York University where he was a Root-Tilden Scholar. At Wesleyan, he was a member of Delta Kappa Epsilon fraternity.
Herbert Kelleher Career
Kelleher family moved to Texas with the intention of starting a law firm or any other business venture. Kelleher and one of his law clients, Texas businessman Rollin King, created the concept with banker John Parker that later became Southwest Airlines on a cocktail napkin in a San Antonio restaurant. Since its inception in 1971 (after overcoming four years worth of legal challenges from competitors who tried to keep it grounded) Southwest succeeded by a strategy of offering low fares to its passengers. They eliminated unnecessary services and avoiding the “hub-and-spoke” scheduling system used by other airlines in favor of building traffic in such secondary airports as Chicago-Midway (instead of Chicago-O’Hare) and Orange County.
Throughout his tenure as CEO of Southwest, Kelleher’s colorful personality created a corporate culture which made Southwest employees well known for taking themselves lightly (often singing in-flight announcements to the tune of popular theme songs) but their jobs seriously. The company’s culture was evident in an arm-wrestling event in March 1992. Shortly after Southwest started using the “Just Plane Smart” motto, Stevens Aviation who were using “Plane Smart” for their motto, threatened a trademark lawsuit, which was resolved between Herb Kelleher and Stevens Aviation CEO Kurt Herwald in an arm-wrestling match, now known as “Malice in Dallas”. Southwest was consistently named among the top five Most Admired Corporations in America in Fortune magazine’s annual poll. Fortune has also called him perhaps the best CEO in America. Kelleher was inducted into the Junior Achievement U.S. Business Hall of Fame in 2004.
On 19th July 2007, Southwest Airlines announced that Kelleher would step down from the role of Chairman and resign from the board of directors in May 2008. The announcement stated further that he would remain a full-time employee for another five years. Kelleher ultimately stepped down as chairman on 21st May 2008. Immediately following, Southwest Airlines named current CEO, Gary C. Kelly the new Chairman of the Board of Directors.
In July 2010 Kelleher was appointed Chair of the Federal Reserve Bank of Dallas board of directors for 2011 with his term expiring in 2013. Previously, he had served as Deputy Chair.
Herbert Kelleher Death and Cause
Herbert Kelleher died on Thursday, 3rd January 2018 at the age of 87. the company announced.
Southwest Airlines released a statement which read “Herb was a pioneer, a maverick, and an innovator. His vision revolutionized commercial aviation and democratized the skies. Herb’s passion, zest for life, and insatiable investment in relationships made lasting and immeasurable impressions on all who knew him and will forever be the bedrock and esprit de corps of Southwest Airlines.”
The Cause of Death was not announced.
— Southwest Airlines (@SouthwestAir) January 3, 2019