Paul Fireman (born February 14, 1944) is an American businessman, who for 26 years led
Reebok International, Ltd. as chairman and CEO. Fireman sold
Reebok
Reebok International Limited () is an American fitness footwear and clothing manufacturer that is a part of Authentic Brands Group. It was established in England in 1958 as a companion company to J.W. Foster and Sons, a sporting goods company ...
to
Adidas in 2005.
Early life and education
Fireman was born February 14, 1944, in
Cambridge, Massachusetts
Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. As part of the Boston metropolitan area, the cities population of the 2020 U.S. census was 118,403, making it the fourth most populous city in the state, behind Boston ...
, to a
Jewish
Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...
family
and raised in the working-class city of
Brockton, Massachusetts
Brockton is a city in Plymouth County, Massachusetts, United States; the population is 105,643 as of the 2020 United States Census. Along with Plymouth, it is one of the two county seats of Plymouth County. It is the sixth-largest city in Mas ...
, also called 'Shoe City'. He attended high school at
Tabor Academy, a private secondary school in Marion, MA and matriculated to
Boston University
Boston University (BU) is a Private university, private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with ...
, but did not graduate.
Personal life
Fireman and his wife Phyllis
(née Brenner) grew up in
Brockton, Massachusetts
Brockton is a city in Plymouth County, Massachusetts, United States; the population is 105,643 as of the 2020 United States Census. Along with Plymouth, it is one of the two county seats of Plymouth County. It is the sixth-largest city in Mas ...
and met at age 12 at a
YMHA mixer. Fireman and his wife, Phyllis, are competitive bridge players. In 2014, his team won the
Roth Open Swiss Teams The Roth Open Swiss Teams is a national bridge championship Swiss Teams event held at the summer American Contract Bridge League
The American Contract Bridge League (ACBL) is a governing body for contract bridge in the United States, Canada, M ...
at the Summer
North American Bridge Championship (NABC) in Las Vegas and subsequently captured the bronze medal representing the U.S. in
Chennai, India at the
World Bridge Championships
The World Bridge Championships consists of several sets of championships organized under the auspices of the World Bridge Federation.
World Bridge Series Championships
''World Bridge Series Championships'' is the new 2010 name for a quadrennial me ...
in 2015.
Career
Fireman began his career at age 18 working in the family business, Boston Camping, selling outdoor sporting goods and fishing tackle for 15 years.
While attending a sporting goods show in Chicago in 1979 Fireman met
Joe Foster, the owner of an English running shoe company founded in 1895 called Reebok. Fireman acquired the North American sales rights to
Reebok
Reebok International Limited () is an American fitness footwear and clothing manufacturer that is a part of Authentic Brands Group. It was established in England in 1958 as a companion company to J.W. Foster and Sons, a sporting goods company ...
in 1979 and eventually bought the English-based parent company outright in 1984.
Reebok capitalized on the increasing popularity of aerobics in California and introduced the world's first aerobic shoe designed specifically for women in 1982 called
Freestyle. Riding the success of the Freestyle shoe as the
aerobics
Aerobics is a form of physical exercise that combines rhythmic aerobic exercise with stretching and strength training routines with the goal of improving all elements of fitness ( flexibility, muscular strength, and cardio-vascular fitness). ...
craze swept across America, Fireman grew the company and Reebok issued an
IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
in 1985.
In 1988, Fireman established the annual
Reebok Human Rights Award
The Reebok Human Rights Award honoured activists under the age of thirty who fought for human rights through non-violent means. Each year, the award was given to four or five individuals. Each received a grant of US $50,000 that was to be used to ...
s recognizing activists under the age of 30 who exposed and reduced human rights atrocities.
Fireman sold Reebok to
Adidas in 2005 for $3.8 billion; Fireman himself made $800 million from the deal.
He is currently the Chairman of Fireman Capital Partners, a Boston-based, consumer-focused private equity firm founded in 2008 with his son Dan, the firm's Managing Partner.
Golf course development
Fireman has been active in golf course development and in 1991 he purchased Willowbend Country Club (
Mashpee, Massachusetts
Mashpee ( wam, Mâseepee) is a town in Barnstable County, Massachusetts, United States, on Cape Cod. The population was 15,060 as of 2020. The town is the site of the headquarters and most members of the Mashpee Wampanoag Tribe, one of two fed ...
). The development of additional courses followed that included Rio Mar Resort and Country Club (
Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and unincorporated ...
), Costa Caribe Golf and Country Club (Puerto Rico), Coco Beach Golf and Country Club (Puerto Rico), The Ranch Golf Club (
Southwick, Massachusetts
Southwick is a town in Hampden County, Massachusetts, United States. The population was 9,232 at the 2020 census, down from 9,502 at the 2010 census. It is part of the Springfield, Massachusetts Metropolitan Statistical Area.
History
Southw ...
), and Starr Pass Club (
Tucson, Arizona
, "(at the) base of the black ill
, nicknames = "The Old Pueblo", "Optics Valley", "America's biggest small town"
, image_map =
, mapsize = 260px
, map_caption = Interactive map ...
).
Fireman was one of the developers of
Liberty National Golf Club
Liberty National is a country club in Jersey City, New Jersey adjacent to Liberty State Park on the Upper New York Bay. Its clubhouse, guest villas, teaching center, and "Cafe 12" halfway house were designed by Lindsay Newman Architecture and Desig ...
(
Jersey City, New Jersey), which is adjacent to
Liberty State Park
Liberty State Park (LSP) is a park in the U.S. state of New Jersey, located on Upper New York Bay in Jersey City opposite Liberty Island and Ellis Island. The park opened in 1976 to coincide with bicentennial celebrations and is operated a ...
. The golf club is one of the most expensive ever built, costing a reported $250 million dollars.
It site had formerly housed an ammunition depot during World War I, a prisoner of war camp during World War II, and later an oil refinery and warehouse for industrial goods, having become a “a toxic moonscape of corroded oil tanks, contaminated soil, and rusting warehouses” by 1999 (Forbes).
Although Fireman has publicly taken credit for paying to redevelop the "former toxic Superfund site",
the cost of cleaning the land was at least in part paid with public funds. It is one of the most exclusive golf clubs in the world, with initial membership fees contemplated at $500,000 to $750,000 in 2004.
In 2017 Fireman spearheaded a push to expand the golf club by 3 holes by acquiring the Caven Point section of Liberty State Park, which is a migratory bird habitat, sparking a controversy amongst Jersey City community members and environmental activists. The attempted acquisition of Caven Point by private developers also inspired proposed legislation entitled The "Liberty State Park Protection Act", which would permanently protect much of the park from privatization.
Fireman reportedly responded to the public backlash with a strategy to begin "framing the park’s redevelopment as a 'fight for social justice,' just as the nation was roiled by the police killing of George Floyd". Fireman funded a social media push to oppose the public redevelopment plan, pushing the narrative that it was "excluding communities of color from decision-making and asking on its website, 'Do Black lives matter when it comes to Liberty State Park?'"
The golf club also came under fire for collecting $751,452 from the
Paycheck Protection Program
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Donald Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARE ...
, a relief fund for small businesses affected by the shutdown caused by the COVID-19 pandemic.
Since its opening in 2006, Liberty National has hosted three
FedEx Cup
The FedEx Cup is a championship trophy for the PGA Tour. Its introduction marked the first time that men's professional golf had a playoff system. Announced in November 2005, it was first awarded in 2007. Rory McIlroy is the 2022 champion. T ...
playoff tournaments (
The Barclays
The FedEx St. Jude Championship, founded as the Westchester Classic in 1967, is a professional golf tournament on the PGA Tour. Since 2007, it has been played as the first tournament of the playoff system for the FedEx Cup, with the field limit ...
in 2009, 2013 and
The Northern Trust
The FedEx St. Jude Championship, founded as the Westchester Classic in 1967, is a professional golf tournament on the PGA Tour. Since 2007, it has been played as the first tournament of the playoff system for the FedEx Cup, with the field limit ...
in 2019, 2021) and
the Presidents Cup
The Presidents Cup is a series of men's golf matches between a team representing the United States and an International Team representing the rest of the world minus Europe. Europe competes against the United States in a similar but considerably ...
in 2017. Liberty National also hosts junior golf tournaments (AJGA Polo Junior Classic 2019, 2021) and
the First Tee of New Jersey.
Other activities
In 2010, Fireman placed his Winecup-Gamble Ranch up for sale for $50 million.
In 2014, Fireman proposed a $4.6 billion project on New Jersey's
Gold Coast
Gold Coast may refer to:
Places Africa
* Gold Coast (region), in West Africa, which was made up of the following colonies, before being established as the independent nation of Ghana:
** Portuguese Gold Coast (Portuguese, 1482–1642)
** Dutch G ...
, which would include a 95-story tower with a casino and 100,000-seat motor sport stadium.
The
New Jersey Constitution
The Constitution of the State of New Jersey is the basic governing document of the State of New Jersey. In addition to three British Royal Charters issued for East Jersey, West Jersey and united New Jersey while they were still colonies, the st ...
does not allow casinos outside of
Atlantic City.
[ In 2016, Fireman was an important backer of Public Question 1, a ballot measure that would amend the constitution to allow casino gambling in North Jersey.]
/ref> After numerous polls showed that Question 1 had no chance to pass, Fireman, along with Jeff Gural, pulled their financial support for the measure. Bill Cortese, the leader of Trenton's Bad Bet, a group opposed to the question, said, "Trenton's Bad Bet will not be distracted by billionaire developers throwing temper tantrums because they don't get what they want."
/ref>
Philanthropy and political contributions
The Paul and Phyllis Fireman Charitable Foundation was established in 1985.
Fireman is a supporter of The First Tee whose mission is to "impact the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy habits through the game of golf."
Campaign contributions
Fireman donated $250,000 to Republican Mitt Romney's 2012 presidential campaign, but he has also donated to Democratic Senators Bob Menendez and Cory Booker
Cory Anthony Booker (born April 27, 1969) is an American politician and attorney who has served as the junior United States senator from New Jersey since 2013. A member of the Democratic Party, Booker is the first African-American U.S. se ...
and several other candidate and committees of both parties. Fireman donated $1 million to the 2016 presidential campaign of New Jersey Governor Chris Christie
Christopher James Christie (born September 6, 1962) is an American politician, lawyer, political commentator, lobbyist, and former federal prosecutor who served as the 55th governor of New Jersey from 2010 to 2018.
Christie, who was born in N ...
.
Awards
*The Academy of Achievement's Golden Plate Award, 1987
*Thurgood Marshall
Thurgood Marshall (July 2, 1908 – January 24, 1993) was an American civil rights lawyer and jurist who served as an associate justice of the Supreme Court of the United States from 1967 until 1991. He was the Supreme Court's first African-A ...
Corporate Leadership Award
* Northeastern University Commencement Speaker and Honorary Degree, Doctor of Humanities, 1990
* Babson College, Honorary Degree, LL.D. Doctor of Laws, 1994
* Tabor Academy Lifetime Achievement Award, 2007
* Suffolk University Commencement Speaker and Honorary Degree, Doctor of Commerce, 2013
*Mannie Jackson Award, 2015
*Sports Business Journal Lifetime Achievement Award, 2015
References
{{DEFAULTSORT:Fireman, Paul
People from Massachusetts
Living people
American Jews
American billionaires
1944 births