Edward Rosenthal

Edward Rosenthal
Born Edward Rosenthal
1904
Died 1991 (age 77)
White Plains, New York
Cause of death leukemia
Nationality American
Education B.A. University of Pennsylvania
Children Peter Rosenthal
Ellen Rosenthal Sarnoff
Patricia Rosenthal Cantor
Carol Rosenthal Ross Maslow
Family Steve Ross (son-in-law)

Edward Rosenthal (1904-1991) was a former vice chairman of Warner Communications and president/owner of the Jewish funeral home chain, Riverside Memorial Chapel.[1]

Biography

Rosenthal was born to a Jewish family.[1] He has two siblings: Miriam Rosenthal Passerman and Morton Rosenthal.[1] In 1924, he graduated with a B.A. from the Wharton School at the University of Pennsylvania.[1] After school he took over his family's funeral home business founded by his grandfather, Louis Meyer, in 1897.[1][2] In 1933, he divided the company into two brands, the Riverside Memorial Chapel and Parkwest Chapels and expanded to Miami, Florida (1935); Brooklyn (1938); the Bronx (1940); and Westchester County, New York (1950).[2] He expanded further via acquisitions acquiring the Frank E. Campbell Funeral Chapel (1948), the Universal Funeral Chapel (1955); and the Walter B. Cooke Chapel (1957) to become the largest funeral company in the United States.[3]

The company diversified after he brought his son in law into the business, Steve Ross (who married his daughter Carol in 1953). They established a separate company that would lease out their vehicles in the evenings when they were not needed for funerals[4] and then opened a rental company, Abbey Rent a Car.[4][5] They later merged the funeral home and Abbey with a parking lot operator, the Kinney Parking Company,[4] which was then owned by underworld crime figures Manny Kimmel and Abner Zwillman; and added an office cleaning business (which was jointly owned by Rosenthal and a cousin). In 1958, Rosenthal ceded control to his son-in-law.[6] The resulting holding company, Kinney National Services, was taken public in 1962 with a market valuation of $12.5 million.[4] Rosenthal served as vice chairman of Kinney National from 1962 until 1966.[1] In 1964, Kinney National purchased wood flooring manufacturer Circle Floor from Seymour and Paul Milstein for $15 million.[7] In 1966, Kinney expanded into the entertainment business by purchasing the Ashley-Famous talent agency and then in 1969, Kinney paid $400 million for the ailing Warner Bros.-Seven Arts film studio and record business.[4] In 1971, the funeral business was purchased by Service Corporation International.[2] Two years later, after spinning off its remaining non-entertainment assets, Kinney National Services renamed itself Warner Communications[4] with Rosenthal serving as vice chairman of Warner Communications from 1972 until 1983.[1]

During World War II, he served with the Seabees in Okinawa.[1] Rosenthal was a founder of the Fairview-Greenburgh Day Care and Community Center.[1]

Personal life

Rosenthal was married to Bea "Doris" Rosenthal; they had four children: Peter Rosenthal; Ellen Rosenthal Sarnoff; Patricia Rosenthal Cantor; and Carol Rosenthal Ross Maslow.[1] His wife died in childbirth with their last child Carol in 1935.[8] He died of leukemia at his home in White Plains, New York.[1]

References

  1. 1 2 3 4 5 6 7 8 9 10 11 "Edward Rosenthal, 87, Executive at Warner From 1972 Until 1983" by Alfonsa A. Narvaez May 25, 1991
  2. 1 2 3 Riverside Memorial Chapel: "History" retrieved September 15, 2016
  3. ↑ New York Times: "Edward Rosenthal, 87, Executive at Warner From 1972 Until 1983" By ALFONSO A. NARVAEZ May 25, 1991
  4. 1 2 3 4 5 6 "The Creator of Time Warner, Steven J. Ross, Is Dead at 65". Cohen, Roger. The New York Times. Dec 21, 1992. December 21, 1992. Retrieved May 24, 2010.
  5. ↑ New York Times: "A $78 Million Year: Steve Ross Defends His Paycheck" BY ROGER COHEN March 22, 1992
  6. ↑ Bruck, Connie (April 2, 2013). Master of the Game. Simon & Schuster. ISBN 9781476737706.
  7. ↑ New York Times: "Milstein Opens Throttle as Builder" October 18, 1981
  8. ↑ New Yorjk Times: "CAROL MASLOW" February 4, 2014
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.