2......




votes for John Tesh.

2/26/2008 12:47:39 PM

John Test is gay, he doesnt count.

Quote :

"Goodnight is worth 8.7 B, why is it shocking or suprising for him to own prestonwood?"

Can you explain how someones worth equates to actual cash?

As in most corporations someones worth is dependent on their ownership in the company and stock value, which of course fluctuates and has to be sold to acquire. Mostly their "riches" are tied up in assets and arent actually located in a savings account.

Other than that the only shock factor was that it was local, and now makes sense all the Jimmy V stuff is done there.

2/26/2008 12:57:06 PM

Quote :

"He's on the forbes lists... how do people not know this?"

yes, dude, people know he's rich. However, i think most people don't know how rich he is. $8.7B is an unfathomable amount of money for most of us.

^ Goodnight's "value" doesn't have anything to do with the amount of cash he has. SAS is privately owned and he is likely the majority shareholder, so most of his wealth is obviously tied up in SAS stock. He could turn that into cash by selling SAS or going public then cashing out.

His other wealth would be calculated as Assets - Liabilities. So, apparently he owns Prestonwood. Let's say he owes $100M in debt in the loans he took out to buy the land and start construction, but if the whole club is valued at $500M now, then that's a net positive for his personal wealth of $400M.

Then of course whatever other investments he owns, which don't necessarily lead to or imply money-in-the-bank, but theoretically if you add up all his assets (SAS stock + country club + cash + real estate + other investments he has) and take out all the money he owes on any of that, then I guess it would be ~$8.7B. Any cash that he has sitting around in checking or savings accounts earning little to no interest wasted opportunity, as far as he is concerned.

[Edited on February 26, 2008 at 1:05 PM. Reason : .]

2/26/2008 1:03:43 PM

Quote :

"Anand Lal Shimpi (B.S. Electrical Engineering 2004) Founder of AnandTech"

i knew he was a baller, but is he that acomplished?

btw, he's also an Enloe alum

2/26/2008 1:10:31 PM

between the site and book royalties, he's definitely made millions.

not Jim goodnight baller, but probably leaps and bounds better off than any state alum (non athlete) within a several year span of his age.<1--

[Edited on February 26, 2008 at 1:22 PM. Reason : -->

2/26/2008 1:21:44 PM

well, he's "accomplished" enough to have bought a Lamborghini around the age of 20 and is now building a theater in his house which "he hopes" to keep <$50k
http://www.anandtech.com/weblog/default.aspx?bcategory=8

2/26/2008 1:23:15 PM

Quote :

" His other wealth would be calculated as Assets - Liabilities. So, apparently he owns Prestonwood. Let's say he owes $100M in debt in the loans he took out to buy the land and start construction, but if the whole club is valued at $500M now, then that's a net positive for his personal wealth of $400M."

Youre missing the point. His "value" is directly proportional to the health of the markets his assets reside in. Lets not even cover Real Estate as that market is falling harder than our Basketball team.

Either way I wonder if he can loan me a 20 spot?




Anyway - words that I live by:

Quote :

"One should guard against preaching to young people success in the customary form as the main aim in life. The most important motive for work in school and in life is pleasure in work, pleasure in its result, and the knowledge of the value of the result to the community. "

[Edited on February 26, 2008 at 1:28 PM. Reason : .]

2/26/2008 1:26:58 PM

oh.

you're one of those.

2/26/2008 1:38:28 PM

I've never actually met him, but I am related.

2/26/2008 1:39:48 PM

She is 14......

2/26/2008 3:56:57 PM

Froshmon

2/26/2008 4:09:12 PM

Quote :

"Youre missing the point. His "value" is directly proportional to the health of the markets his assets reside in. Lets not even cover Real Estate as that market is falling harder than our Basketball team."

i, umm, fail to see how I'm missing the point. I said that "most of his wealth is obviously tied up in SAS stock", and that real estate and Prestonwood (since that was a particular topic of conversation) would be considered "other wealth", which is still true. Regardless of the vast majority of his value is derived from SAS and stock-positions in other companies, a certain portion of his value is bound to be determined by other assets.

2/26/2008 4:22:24 PM

He was able to donate around a million (?) to build the tke house. I'd say that says a lot.

2/26/2008 4:25:19 PM

Another vote for General Shelton

[Edited on February 26, 2008 at 4:38 PM. Reason : a]

2/26/2008 4:38:20 PM

me

2/26/2008 4:55:10 PM

pearljammed

2/26/2008 5:03:08 PM

Rusty Harmon, manager for hootie and the blowfish

27 million records sold worldwide!

2/26/2008 7:07:54 PM

JILL WAGNER



SHE IS HAWT


http://www.freebeerandhotwings.com/Links/jill_wagner_pics-005.jpg

2/26/2008 7:21:30 PM

regarding goodnight and preston

he is actually the reason why the preston community exists. he owned the land and speadheaded its development (including the golf course and country club). sas employees where able to buy land and build homes when preston was just getting started at a rediculous discount. not sure what kind of stake he has in all the other preston properties (ie all of the commercial development starting at preston corners to where cary parkway and maynard intersect) but i imagine its a decent amount

2/26/2008 7:36:30 PM

^ that's amazing - when you think about it, between SAS + the SAS Campus and Prestonwood, Jim Goodnight is almost singlehandedly responsible for the meteoric rise of Cary over the past 20 years! (for good or for bad, i suppose, depending on your view of Cary)

2/26/2008 9:33:37 PM

goodnight bought preston when it was going bankrupt
wessex is the area where sas employees got a discount to build

2/26/2008 9:39:24 PM

btw, does anyone have access to the National Geographic cover story they did on the NC Piedmont, with a focus on Cary, in the early 90s? I remember when it came out way back then before I knew anything of Cary. I wonder what they said about SAS in that article....

2/26/2008 10:02:55 PM

Quote :

"He was able to donate around a million (?) to build the tke house."

it's a tax write off

and i think it was more in the 3-3.5M range

2/26/2008 10:52:24 PM

Goodnight owns a shitload of land around Cary/Raleigh

he owns the Embassy Suites in Cary, too

i met him a few months ago, dude is tall as shit...my dad writes his speeches./brag

The VP, other owner of SAS, John Sall, is pretty ballin too... i think he went here for grad school

2/26/2008 11:06:59 PM

^ yeah, Goodnight spoke at my graduation in Dec 02. He was a good speaker. A bit non-PC, and made some of the higher-ups on the stage behind him (mary anne fox was the chancellor at the time) squirm and had they had to kind of "back out" of some of the things he said. He didn't say anything too bad, really (and i don't remember it very well), but mostly made several slightly off-color remarks about the number of foreigners or non-native english speakers who are in the engineering school now, or the difference in foreign TAs when he was a student in the 70s vs now.

2/26/2008 11:14:44 PM

haha.. i don't think my dad wrote his speeches before 2005.. apparently he was supposed to give a 45 minute speech at some NCSU function once and he went up there and talked for 5 minutes and got off stage and the State people were pissed

2/26/2008 11:20:15 PM

Quote :

"it really depends on what your defenition of "success" is"

2/26/2008 11:33:15 PM

i'll be up there one day

2/26/2008 11:34:12 PM

Regarding Cary - its not too bad. Apex on the other hand is ridiculous.

2/26/2008 11:42:53 PM

Quote :

"btw, does anyone have access to the National Geographic cover story they did on the NC Piedmont, with a focus on Cary, in the early 90s? I remember when it came out way back then before I knew anything of Cary. I wonder what they said about SAS in that article...."

I remember that. NG does stories on individual zip codes sometimes. That one was on 27513.

2/26/2008 11:51:33 PM

Correct me if I'm wrong, but from my understanding of what the GM at one of the country clubs I work at told me, country clubs are "owned" by their members? So how is Prestonwood owned by Goodnight or is he just the founder?

2/27/2008 2:51:52 AM

Quote :

"John Test is gay, he doesnt count."

wut

John Tesh is, in fact, not gay. He is married to the beautiful Connie Selleca, star of Hotel and The Greatest American Hero, among other TV shows and movies:



And Tesh wrote "Roundball Rock," which was the NBA theme on NBC for years. You probably don't watch sports, though, do you?

http://youtube.com/watch?v=dDHJBbm9ZEs&feature=related

[Edited on February 27, 2008 at 3:18 AM. Reason : .]

2/27/2008 3:14:53 AM

He also founded/owns Cary Academy. (private technology based high school)

2/27/2008 3:31:01 AM

^^ uhh, wow. thanks for clearing that one up. We were all really worried that John Tesh might be gay

2/27/2008 7:30:29 AM

Quote :

"'it really depends on what your definition of "success" is' "

To laugh often and much;
To win the respect of intelligent people and the affection of children;
To earn the appreciation of honest critics and endure the betrayal of false friends;
To appreciate beauty, to find the best in others;
To leave the world a bit better, whether by a healthy child, a garden patch, or a redeemed social condition;
To know even one life has breathed easier because you have lived.
This is to have succeeded.
-Ralph Waldo Emerson

i agree with Emerson, with the addage that attaining wealth, power, or political clout usually enables you to do all he mentioned to a greater degree

2/27/2008 11:27:32 AM

^^ Don't mention it.

2/27/2008 4:22:21 PM

when i'm a "successful alum", i'm going to buy TWW just so i can eliminate the roll eyes smiley

2/27/2008 4:45:00 PM

Quote :

"it's a tax write off and i think it was more in the 3-3.5M range"

That's right. It was $3.5M. I remember when we first moved that summer he came over on a whim when I was watching a Mets game and sat down and just had a few beers with us...

and yes he is a tall guy...

Quote :

"A bit non-PC, and made some of the higher-ups on the stage behind him (mary anne fox was the chancellor at the time) squirm and had they had to kind of "back out" of some of the things he said"

Haha... My sister went to Marist in New York and Bill O'Reilly did her speech. He was hilarious. Basically told everyone that he never went to class, drank a whole lot and made it big...

[Edited on February 27, 2008 at 4:56 PM. Reason : x]

2/27/2008 4:54:57 PM

^ if Bill O'Reilly came to my school and said you can not go to class and drink all the time and end up like him, I would vow to never miss a single class and stop drinking immediately

2/27/2008 5:11:01 PM

Dr. Goodnight

5/18/2008 4:32:42 PM

Quote :

"Goodnight owns a shitload of land around Cary/Raleigh"

goodnight owns a shitload of land all over north carolina

he just bought a lot of land in beaufort north carolina right near front street and they are planning on doing an insanely baller subdivision down there... apparently it will be nicer than anything they have ever done before according to my dad...

[Edited on May 18, 2008 at 6:28 PM. Reason : ]

5/18/2008 6:24:37 PM

and he still pronounces it "bidness"

as in "Hey Forrest, you wanna go into the shrimpin bidness?"

5/18/2008 6:53:58 PM

Jim Goodnight has cows...

that's all that matters to me

5/19/2008 4:42:55 PM

So how much is Phillip Rivers worth these days?

5/19/2008 4:56:35 PM

Jon Turner >>>>>Michael Gracz

5/19/2008 5:08:37 PM

1. goodnight is a horrible speaker

Quote :

"Yeah, and they own the hotel on SAS campus right? And a couple of nice restaurants."

2. JIM goodnight doesn't own the hotel, his wife does. it's solely her baby and she did everything herself there. building begun when i worked at SAS and there was a major line drawn in the sand there.

3. goodnight also owns lebleu water

5/19/2008 5:39:17 PM

I think hooksaw is Bill Leslie.

5/19/2008 5:49:43 PM

haha, yeah, dr. g is a pretty normal guy save for the fact he's so rich

he also owns a MASSIVE art collection that's hung all around campus

he built cary academy as well

he's a really nice guy though

Quote :

"The VP, other owner of SAS, John Sall, is pretty ballin too... i think he went here for grad school"

sall and dr. g don't get along very well

5/19/2008 6:15:32 PM

I have a question, but didn't Dr. Goodnight develop SAS while a teacher at state with other professors. Shouldn't it be NCSU property and not Goodnights?

5/19/2008 6:37:03 PM

^ It only works that way when you're a grad student. Then your profs and the university can steal whatever you want.

5/19/2008 6:40:34 PM