Age, Biography and Wiki

Vernon Stouffer was born on 22 August, 1901 in Cleveland, Ohio, U.S., is an American businessman. Discover Vernon Stouffer's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 72 years old?

Popular As N/A
Occupation Entrepreneur, Philanthropist & Businessman
Age 72 years old
Zodiac Sign Leo
Born 22 August 1901
Birthday 22 August
Birthplace Cleveland, Ohio, U.S.
Date of death 26 July, 1974
Died Place Cleveland, Ohio, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 22 August. He is a member of famous founder with the age 72 years old group.

Vernon Stouffer Height, Weight & Measurements

At 72 years old, Vernon Stouffer height not available right now. We will update Vernon Stouffer's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

Vernon Stouffer Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Vernon Stouffer worth at the age of 72 years old? Vernon Stouffer’s income source is mostly from being a successful founder. He is from United States. We have estimated Vernon Stouffer's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income founder

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Timeline

1898

From the Stouffer family's earliest recorded business ventures, which included Cottage Creamery Co. (1898) and Stouffer’s Medina County Creamery Co. (1905), Vernon continued the family's generational contributions which left indelible marks on business in the world and served as stellar role models in business and the community."

1901

Vernon Bigelow Stouffer (August 22, 1901 – July 26, 1974) was an American entrepreneur, philanthropist & businessman.

1923

Stouffer graduated from The Wharton School of the University of Pennsylvania in 1923.

1929

He was the founder and president of the Stouffer Hotels Co., Stouffer Frozen Foods Co. Stouffer's Restaurants Co., and Cottage Creamery Co., all operated under the umbrella of The Stouffer Corporation, established and incorporated on January 4, 1929, by Vernon and his father, Abraham E. Stouffer.

Vernon Stouffer was recognized as pioneering the frozen food and microwavable foods industry.

1940

The Indians had endured a stretch of humdrum seasons following their heyday in the late 1940s and 1950s, and had seriously considered moving twice in the early 1960s due to poor attendance.

1962

Stouffer bought a stake in the Cleveland Indians of the American League in 1962, and bought controlling interest from William R. Daley in August 1966.

As part of the deal, team president and general manager Gabe Paul, who had also been a minority owner since 1962, stayed on as general manager and head of baseball operations.

Unfortunately for Stouffer, soon after the Litton merger closed, Litton stock went into a tailspin; only three months after the merger, Litton had lost over half of its value.

Stouffer had little option but to take the massive losses, as he had bought a substantial block of Litton stock and agreed to hold onto it for several years after the merger.

With much of his paper wealth having vanished, Stouffer was left with little of the resources he intended to use to rebuild the team.

1963

However, the team had signed a 10-year lease at Municipal Stadium after the 1963 season, and the presence of a wealthy owner with strong Cleveland roots seemed to assure that the Indians would have the resources to get back into contention–in Cleveland.

1966

In 1966, he established the Stouffer Prize, recognizing research in hypertension and arteriosclerosis.

He was president of the Zoological Society and a founder of the Natl.

Recreation & Park Assoc.

1967

In 1967 Litton Industries announced plans to acquire the Stouffer Foods Corporation for stock estimated at $100 million.

While Stouffer Foods became a Litton subsidiary, it remained based in Cleveland under Vernon Stouffer and his management team.

1968

While the Indians briefly rose to third place in 1968, it would not last.

1970

For example, in 1970 he ordered the player development budget cut by $1.2 million, cut ties with one of the team's five minor league affiliates and cut back the scouting staff.

Years later, Hank Peters, then the Indians player personnel chief, recalled asking Stouffer if he was serious about keeping the team, since if not he had effectively "committed suicide."

This was one of many cases in which Stouffer wound up micromanaging the team after initially promising to leave baseball matters in Paul's hands.

1971

By 1971, they had tumbled to the worst record in baseball.

Later in 1971, Cleveland shipping magnate George Steinbrenner, who had been a classmate of Stouffer's son, offered to buy the team for $8.6 million.

However, Stouffer turned it down.

Not only was he angered that the proposed deal had leaked in the press, but he believed the offer was at least $1 million too low.

1972

Finally, in 1972, Stouffer sold out to a group headed by Cleveland Cavaliers founder Nick Mileti.

He subsequently described his tenure as Indians owner as the longest five years of his life.

Stouffer was a trustee for Litton Industries, United Airlines, Republic Steel, and Society Natl.

Bank.

1974

In hopes of staunching the bleeding, Stouffer proposed playing 30 games per season in New Orleans starting in 1974, when the Superdome was due to open.

However, the other American League owners turned the idea down out of hand.

1996

In 1996 Vernon Stouffer were honored posthumously along with Conrad Hilton & J. W Marriott for the Hospitality Industry Hall of Honor.