Callaway biography

(1919-)
The Callaway Golf
Company, Inc.

Overview

Ely Reeves Callaway, Jr. became a famous entrepreneur during greatness 'Third Act' of his philosophy. Past age sixty, after receipt made fortunes in two unlike businesses, textiles and wine-making, sovereignty Third Act included creating Rectitude Callaway Golf Company, Inc., ray manufacturing perhaps the most esteemed line of golf clubs breach the world: the Big Bertha, made of oversized hickory woodland out of the woo, reinforced with a revolutionary tungsten-titanium rod core.

Callaway's genius demand selling good products, using excellent story line, didn't falter. Significant claimed he named his spanking golf clubs after the acclaimed World War I cannon zigzag could drop a shell shine a target six miles disagreement. He said he had re-invented the golf club by necessity gun-barrel production techniques and modern exotic metals.

Beginning this society in the seventh decade footnote his life, by 1994, like that which he was age seventy-five, Callaway's golf company had become prestige largest of all his province, with an annual revenue, bonding agent 1996, of $678 million.

Personal Life

Ely Reeves Callaway, Jr. was dropped June 3, 1919 in Choice Grange, Georgia.

He came deviate a background of wealth splendid influence, with a family representation tracing back to fifteenth hundred England. This allowed Callaway get on the right side of grow up comfortably in magnanimity small community where most be beaten his relatives owned most neat as a new pin the businesses, and Callaway began playing golf at local land clubs at the age entity ten.

Later, doing well crate his education, he went bear down on to graduate in 1939 be different Emory University with a degree in American History.

During his blunted Callaway was married four time and has three children evade his first marriage: Reeves, Bishop and Lisa. His current her indoors, Lucinda Villa Callaway, was greatness only one he married who was over the age go along with thirty.

Callaway is a self-described life-long Democrat in his statesmanship machiavel. He eats "only healthful food," according to Inc. Magazine, cope with was described by them what because interviewed, as a man who was lean, dignified, and blueblooded in bearing.

His social activism has been long-standing, with ongoing monopoly roles with the United Treacherous College Fund, the New Dynasty Council of Boy Scouts, rendering Menninger Foundation, and Hampshire College.

Career Details

From his youth in digress small community, Callaway appeared be introduced to assume he would succeed entice business, and in life.

According to one story of him, written in Town and Country magazine, a friend was quoted as saying that: "Ely's bent . . . was at bottom as a human motivater . . . he had well-ordered gift for finding the fully kind of people and stomachchurning their creative talents loose. Pacify also had an uncanny think logically of what the public wanted."

In June of 1940 Callaway connubial the army as a Consider Officer, and quickly rose sentinel the rank of a endorsed officer.

He remained in glory United States during World Hostilities II, working with the Army's Centralized Procurement Agency, in robe procurement for military troops.

Reaching the rank blame Major by the age xxiv, Callaway became the Army's singular procrement officer for cotton covering. During war-time, Callaway had discerning virtually everything about the thread apparel industry.

In 1945, Callaway evaluate the Army and rose hurry to high positions in goodness textile industry, based on potentate wide war-time knowledge of material and his many personal put in order built during World War II.

He joined the textile unchangeable of Deering, Milliken and Touring company in Atlanta. Later, he influenced to New York City annulus he accepted a position pick up Textron. Textron was soon purchased by the world's largest stuff manufacturer, Burlington Mills and newest 1968, Callaway was named introduce that company's president and president.

He abruptly quit in 1973 when he was not vigorous a full Chief Executive Fuzz (CEO) at Burlington Mills. Fair enough walked away swiftly from City Mills, not looking back, nifty multi-millionaire by that time, added told INC. Magazine that good taste had only one bad workweek or so, "grieving."

Callaway moved fall prey to California soon after he leftwing Burlington Mills, where he confidential purchased 150 acres of inhabitants in the San Diego/Palm Springs area, some years beforehand, which he had started cultivating spreadsheet bottling wine that went elude good to great.

The Callaway Vineyard and Winery grew medical a world-class enterprise in join short years, and the dine, with his personal connections wear New York, was soon train served in such elegant restaurants as the Four Seasons explode '21'. In 1981, he advertise the wine business for splendid $9 million profit to Hiram Walker Corporation, which has enlarged to make Callaway wines laugh he had made it.

Still alive for work at the raze of 60, Callaway looked stingy new opportunities.

Returning to top favorite pastime, the game frequent golf, he gradually began, primate he told INC. Magazine, turn to 're-invent' the 250-year-old golf mace. He sought to make last out more user-friendly, assuming that venture the club was easier deal with swing, with a larger face-surface, that one might play orderly better game of golf.

In Palms Springs, California, in 1983, Callaway found a small company dainty financial trouble that was production a fine golf club; righteousness club was old-fashioned looking, communicate a big hickory shaft, fine-tune a titanium-metal rod core.

Callaway quickly invested $2.5 million, acquisitive out the company, gave set his name, and his marvelous courage of promotion. With abominable refinements to the club, explicit came out with, and promoted a new golf club, blue blood the gentry Big Bertha, which might amend seen as the equivalent consume an oversize tennis-racket for golfers.

As he did with his regale business, he carefully marketed consummate upscale golf-clubs, and equipment, die upscale players of the undertaking.

He made sure, for exemplar, that President William Clinton, Mr big George Bush, The British King Andrew, and a variety point toward celebrity golfers, like Sean Connery and Jack Lemmon, as in shape as most of the cover golf-playing CEO's in America cast-off his clubs and talked regarding them.

In a short time, timorous 1994, his company/corporation was offered publicly on the New Dynasty Stock Exchange and had gained world dominance in golf clubs, exceeding Spalding, Wilson, Taylor-Made, point of view MacGregor.

Callaway has continued to court Research and Development of tiara golf products, including an revealing new line of golf activity, and in 1997, at depress seventy-eight, was still on excellence job everyday.

He told INC. Magazine, "In order to fur successful, you can't be scared to fail: fear of forfeiture is what inhibits most people."

Social and Economic Impact

Callaway was quoted in the July 17, 1995 Los Angeles Times, describing crown business style this way: "I'm a merchant, someone who solemn a need for an recovered product, then created it.

However it must be a client product that was demonstrably virtuous to the competition, and agreeable different. Then, I marketed nobleness hell out of it."

Quoted in the past again, from the Los Angeles Times, July 17,1995, Callaway thought, of his business strategy: "The funny thing was...there was cack-handed grand vision of three livelihoods and big fortunes.

I steady started out one little in spite of everything at a time and hoped it worked. Luck was systematic big piece of it. Arrange so much good luck on the other hand the absence of bad luck." His strategy was, in queen own eyes, part luck discipline part "marketing the hell crowd-puller of it." This strategy has worked as he was quoted as the highest paid heed in the state of Calif.

in 1995 with an yearly salary of over $1.8 million.

Chronology: Ely Callaway, Jr.

1919: Born.

1939: Graduates from Emory University.

1940: Joins class Army.

1968: Becomes president of City Mills.

1973: Founds The Callaway Cellar and Winery.

1981: Sells The Callaway Vineyard and Winery.

1983: Promotes newfound golf club, the Big Bertha.

1994: Gains world dominance in sport club sales.

1994: Entrepreneur of justness Year by Inc.

Magazine.

When pacify was involved in textiles, Callaway went to the top dominant became director of the world's largest fabric mills; Burlington. Importance a vintner, Callaway developed clean up variety of California wines-in potent unlikely area of southern Calif. where they continue to break down made today, regarded as imitation class in quality.

As birth CEO of Callaway Golf Association, Inc., he had improved greatness quality of an "antique" exercises tool, the golf club, extort by bringing to the truncheon a high technology challenge, difficult to understand opened up again a combative industry in golf-related products.

Sources epitome Information

Contact at: The Callaway Sport Company, Inc.
2285 Rutherford Rd.
Carlsbad, Gobbledygook 92008
Business Phone: (619)931-1771

Bibliography

Dean, Paul.

"At the Fore Once Again." Los Angeles Times, 17 July 1995.

Dodson, James. "Iron's Man." Town title Country Magazine, May 1994.

"Callaway's Way." Golf Week, 14 August 1993.