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Peter G. Angelos (born July 4, 1929 in Pittsburgh, Pennsylvaniamarker), is an Americanmarker trial lawyer.

Angelos is also the majority owner of the Baltimore Orioles, a baseball team in the American League East Division.

Biography

Career

Angelos is a graduate of Eastern College of Commerce and Law the University of Baltimore School of Law. He began work as a criminal defense lawyer following graduation. For most of his legal career Angelos made a living as a lawyer representing Baltimore labor unions and their members in his own private practice, which he founded in 1961. Beginning in the 1980s, Angelos refashioned his firm from criminal law to civil class action suits. In 1982, his wealth and law firm expanded exponentially when he represented a large number of plaintiffs in asbestos litigation and won. He reportedly made over $100 million on this single case. Angelos was also enormously successful in representing the state of Maryland as lead attorney in a suit against Philip Morris and suing Wyeth, the makers of the diet pill fen-phen. It was after this that he became a major player in the Baltimore community. Angelos's law firm currently has offices in Baltimoremarker, Philadelphiamarker, Cumberland, Marylandmarker, Harrisburg, Pennsylvaniamarker, Wilmington, Delawaremarker, and Knoxville, Tennesseemarker.

Politics

A lifelong Democrat, he held a seat on Baltimore City Council from 1959 to 1963. Angelos ran for mayor of Baltimore in 1964 as an independent, but lost with less than 10% of the vote. Three times in the 1960s he unsuccessfully challenged Republican incumbents in the Maryland Legislature. He recently has become involved in politics again, publicly supporting Republican gubernatorial incumbent Robert Ehrlich and criticizing 2006 Democratic candidate, now governor, Martin O'Malley. However, it is speculated that Angelos's support for the Republican is more a business move than a political move, because O'Malley encouraged the move of the Montreal Expos to Washington, D.C.marker, a move which threatened the Orioles monopoly on the Baltimore-Washington market.

Horse racing

Angelos breeds and races Thoroughbred horses and in 1998 purchased the 237-acre Ross Valley Farm in Baltimore County.

Baltimore Orioles

In 1993, Angelos led a group of investors which included Tom Clancy and Steve Geppi that purchased Baltimore Orioles for $173 million from Eli Jacobs. His official titles with the club are Chairman of the Board and Chief Executive Officer.

In May 2009, A Sports Illustrated article reviewing owners of Major League Baseball franchises rated Angelos as one of the five worst owners in the United States. The article notes that the methodology "was not scientific" and "weighing heavily in the decision was the team's success or failure on the field."

Two weeks later, Brady Anderson, a member of the Baltimore Orioles Hall of Fame, responded in an op-ed to the Baltimore Sun, writing that Angelos deserves to be on a list of the "best owners in baseball."

"Perhaps one day another article will be written attempting to name the best owners in baseball and a little more research will be put forth and Peter Angelos will be on that list, where he rightfully belongs." Anderson cited the Orioles robust payroll, low ticket prices, liberal food policy, model ballpark - to which Angelos refused to sell the naming rights, and recent hiring of GM Andy MacPhail - in making the case for Angelos.

Awards

He was named "Marylander of the Year" by the Baltimore Sun in 1988, with a citation that read: "Measured by professional accomplishments and contributions to his city and region, he is the Marylander of this decade."

Angelos was awarded the Ellis Island Medal of Honor in 1996.

He is a generous but shy philanthropist, having contributed millions to civic and community institutions around Maryland. He is the largest individual donor to the University of Baltimore and pledged $5 million to the school in 2008. [162133]

References

  1. http://www.lawpga.com/contact.htm
  2. http://www.baltimoresun.com/news/maryland/bal-te.md.preakness20mar20,0,7666866.story
  3. Warshaw, Michael, "Steve Geppi - From Mailman to Tycoon" in DeGarmo, Scott (ed.), Success (June, 1994) ISSN 0745-2489, pp. 28-32
  4. http://sportsillustrated.cnn.com/2009/baseball/mlb/05/08/mlb.owners/index.html
  5. http://pqasb.pqarchiver.com/baltsun/access/37692073.html?dids=37692073:37692073&FMT=ABS&FMTS=ABS:FT&type=current&date=Dec+27%2C+1998&author=&pub=The+Sun&desc=Peter+G.+Angelos%2C+Marylander+of+Year%3B+Honor%3A+Lawyer+invests+in+his+hometown+to+improve+it+for+all+who+live+and+work+here
  6. http://www.neco.org/awards/recipients/pangelos.html


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