Charlie Ergen

AAA

DEFINITION of 'Charlie Ergen'

The founder, chairman and CEO of DISH Network, a spinoff of former parent EchoStar Communications, which he cofounded in 1980 with his wife, Cantey Ergen, and James DeFranco. He is a billionaire and one of the wealthiest Americans, according to Forbes.

INVESTOPEDIA EXPLAINS 'Charlie Ergen'

Publicly-traded DISH Network, which has more than 14 million customers, is DirecTV's major competitor (a merger between the two companies failed in 2002). Ergen, born in 1953 in Tennessee, began his career as a financial analyst for Frito Lay, then briefly became a professional gambler before founding EchoStar. EchoStar started off selling satellite dishes to homes in rural Colorado and went public in 1995. DISH Network was formed and began broadcasting in 1996.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. C-Suite

    A widely-used slang term used to collectively refer to a corporation's ...
  3. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
  4. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  5. Telecommunications Consumer Protection ...

    A U.S. federal law created in response to increased consumer ...
  6. Chair Of The Board - COB

    The most powerful member on the board of directors who provides ...
Related Articles
  1. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  2. What Investors Can Learn From Insider ...
    Markets

    What Investors Can Learn From Insider ...

  3. The Basics Of Corporate Structure
    Investing Basics

    The Basics Of Corporate Structure

  4. Why Do Companies Care About Their Stock ...
    Investing Basics

    Why Do Companies Care About Their Stock ...

comments powered by Disqus
Hot Definitions
  1. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  2. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  3. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  4. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
Trading Center