Mr. Penske gave full expression to his passion when he opened a bookshop in the Beverly Glen neighborhood of Los Angeles. Dr. A's weekly risers and fallers: Jeremy Sochan, Christian Wood make the list, More than 25 years experience covering NFL, college football and NASCAR. Protesters rallied against the social media platform Snap Inc., whose 163,000-square-foot presence had contributed to increasingly expensive rents and business displacement. He started Penske Corporation in 1969 after racking up 55 victories behind the wheel. Restaurateurs in SoCal Hit Hard by Record-High Natural Gas Costs, Marina del Reys Ritz Carlton to Host Class of 2023 Senior Recognition Dinner-Dance by NCL Westside Chapter, LAPD Seek Help Identifying Driver in Fatal Venice Boulevard Hit-and-Run, LA City Council Votes to Explore How to Expedite Housing Voucher Matching Process. She started a new blog and used it to refer to him as Little Lord Fauntleroy. After mediation with Mr. Penske, she shut down the site; since then, she has not reported on the entertainment industry. Jay Penske and Ms. Irwin were among the guests in the Oval Office who looked on as former President Donald J. Trump placed the medal around the patriarchs neck. An example of data being processed may be a unique identifier stored in a cookie. He didnt hold himself entirely aloof from his fathers world. This building is an adaptive reuse of the existing structure," one person said. I doubt very much Penske will abandon the project, but some are holding out hope. June 20, 2018 / 11:58 PM My situation was unique, and it was resolved amicably.. Residence: The tony Los Angeles neighborhood of Bel Air. Lawmakers deny an appeal intended to stop conversion of First Baptist Church of Venice. The latest iteration of the festival, which is in Austin, Texas, included concerts hosted by Rolling Stone and live episodes of podcasts from The Hollywood Reporter and Deadline. No. Variety owner Jay Penske wants to make a home for his family out of the church, long a fixture in Oakwood's black community By Jennifer Swann @jenn_swann Dec 15, 2017, 1:05pm PST 13 comments / new 3 min read. On any street you may see one of the more than 360,000 trucks and vans belonging to his transportation fleet, with the family name . The addition of South by Southwest has given him another way to promote all things Penske. Mansion-lined private street sold at auction for a song, Kay Jewelers accused of swapping diamonds with fakes. The consent submitted will only be used for data processing originating from this website. By Joe Pompeo. One of his companys divisions owns the Indianapolis Motor Speedway, the home of the Indy 500. You Dont Know Much About Jay Penske. Venice Contributor. In 2017, comedian Jay Leno and his wife Mavis purchased four of the five condos at the Seafair estate located at 254 Ocean Ave., for a total of $13.5 million. Roger lives with his wife Kathy Penske in Bloomfield Hills, Michigan. Penske Corporation is the holding company of Penskes activities. Jay turned and continued to urinate on her boots, the report said. Subscribe to our newsletter to receive the latest news and events in Venice and the surrounding areas! He is the owner of two Gulfstream G280 private jets, with registration N500RP and N504RP. We spend a lot of team researching and deeply investigating yacht ownership structures. New details have emerged about Penskes plans, which include building an 11,000-square-foot mansion on the property at 685 Westminster Avenue. The United States government concluded that the killing had been carried out by a team reporting directly to Crown Prince Mohammed bin Salman, Saudi Arabias de facto ruler. With First Baptist Church as their rock, the African American people survived through the hardships and aftermath of wars, the great depression, and the daunting years of civil, economic and infrastructure neglect by the City of Los Angeles.. One thing I knew from the night I met him in the summer of 2002 was that he was a serious bibliophile.. He named it Dragon Books, after a collection of tales he had loved as a child, Dragon, Dragon, by John Gardner. Its doors are boarded up, weeds choke the small lawn in front, and a makeshift banner hangs from the second story: Black Lives Matter? As part of the deal, PMC CEO and founder Jay Penske will join the board of directors at Vox Media. [9], Penske is the Chairman and CEO of Penske Media Corporation (PMC),[10] a digital media and publishing company that owns and operates a number of media brands, data services, and live events, including Rolling Stone, Variety, Billboard, and South by Southwest festival (SXSW). If Mr. Penske wants to be benevolent and make a philanthropic statement, said Nightingale, he could say, OK, I am giving this back to the community, and what do I get? Maybe you get the communitys goodwill, and you would go down in history as a benefactor instead of destroyer.. Roger lives with his wife Kathy Penske in Bloomfield Hills, Michigan. Last year, Sobrino-Stearns was recognized by Editor & Publisher as one of its "10 . According to a Nantucket Police Department report, Mr. Penske and his brother Mark were urinating in a parking lot outside the Nantucket Yacht Club late at night when a woman approached. The $12-million residence was previously owned by media mogul and racecar team owner Jay Penske, who sold the place in 2011 to Inspector Gadget creator Andy Heyward for $7.25 million. The gossip site Gawker took notice of him at age 30 he was seen at parties in the company of the Benihana heiress Devon Aoki and labeled him the hard-partying Si Newhouse Wannabe of Bel Air, a reference to the longtime Cond Nast chairman. According to a previous Newport Daily News Article, the first listing for the . (That investment made Mr. Loeb a part owner of Variety; Mr. Penske has since bought back his stake, Mr. Loeb and a Penske Media spokeswoman said.). In the ongoing legal war between Penske's outfit Variety Media LLC and Reed Elsevier, former owner of the . [24] The year 2012 was also when he got arrested in Nantucket. Jay Penske has become the Rupert Murdoch of entertainment publications, said Stephen Galloway, a former executive editor of The Hollywood Reporter who is now the dean of the Chapman University film school. Others complained that the mega-mansion would be ostentatious in Venice, a beach town long known for its countercultural vibe. After The Wrap reported on the matter, a number of Penske Media articles were updated to correct the error. We were relegated to this place!. (It made its return this month, after having been shut down the last two years.) At YoVenice we have spent years writing about news stories of motorcyclists with head and brain injuries from collisions. The parties eventually agreed that Ms. Siegel would decamp to Rolling Stone, committing 80 percent of her work to it, with the remainder going to The Ankler. This site is for entertainment purposes only. This was in the middle of the pandemic, and so I thought, Wow, this guy is serious! said Datwon Thomas, the editor in chief of Vibe. Twitter: @AbcarianLAT. March 31, 2022 Yo! After her photo appeared in Seventeen in 1985, the Boyertown honor student and varsity letter-winner in track and cross . KCAL9's Crystal Cruz said the community debated the pros and cons of the move at a meeting Wednesday evening looking to find common ground. Hyatt Place New Taipei City Xinzhuang. Two hundred people, including his parents, attended the opening in 2006, and Mr. Berg did a brief write-up for Vanity Fair. Hes super-close to his dad, Mr. Loeb said. He sold this house in December 2014 for $7,250,000 to Andy Heyward, producer, writer, and chief executive of the entertainment company Genius Brands International. Photo by: Nathan Congleton/NBC via Getty Images. To erect the home, a historic black church would have to come down. The group owns 249 Automotive dealerships and 16 used car centers. He has 5 children, 3 with Kathy and 2 with his former wife. The Penske EV-5 electric powertrain (inverter, motor control unit, motor and transmission) is a bespoke system, designed and developed in house by DRAGON / PENSKE AUTOSPORT and our homologated manufacturer, Penske Autosport. Jay Rosenblatt is producer, director, and editor of the film, with cinematography by Thomas Logoreci and Jay Rosenblatt. My father was a contractor and he built that church. Both men then ran to the house on Yacht Club property, the report stated. Letters to the Editor: Antigovernment ideology isnt working for snowed-in mountain towns, Letters to the Editor: Ignore Marjorie Taylor Greene? The Levoit's 4.5-liter tank is plenty to cover . "These people are assets to the community. Please enter valid email address to continue. As for the ties to the Saudis, Dublin further added, "Jay Penske took $200 million from a Saudi Arabian government-backed company, SRMG, but has neither explained the loan nor the relationship." With Mr. Penskes entree into the media business came media attention. In 2011, the name of the team changed to Dragon Racing, with Penske as the sole owner, and Paul Tracy was announced as the driver. Jay Penske, Roger Penske Jr., Blair Penske, Gregory Penske, Mark Penske: Residence: Nantucket, Massachusetts: Private Jet: Gulfstream G280 (N500RP, N504RP) Yacht: . Find Jay Penske stock photos and editorial news pictures from Getty Images. Owning all of these publications makes him a must-know.. Jay grew up with great wealth, but in L.A. there are rooms that are not open to just any rich guy, said Matthew Belloni, who leads entertainment industry coverage for a new publication, Puck, and who was the top editor of The Hollywood Reporter before Mr. Penske took over. An officer intercepted Jay, and his brother was found on the back staircase of an apartment building, according to the report. The Penskes outlined their plans earlier this week at a meeting of the West LA Planning Commission. In the U.S., gambling is a Cancer Cartel is helping cancer patients focus on their treatment, not the financial stress of living with a diagnosis. In 2017, Jay Penske, CEO of Penske Media, which owns, among other titles, Rolling Stone and Variety, and his wife, the former Victoria's Secret model Elaine Irwin, purchased the church and its . Coverage of the incident was widespread, with reports in Auto Week, The Daily Mail, ESPN and Politico, among other publications. She writes about news, politics and culture. Supporters of the church say that preserving the facade and aesthetic of the church is not enough to honor the buildings legacy, wanting the church to function as a community space instead of a private residence. The veteran Hollywood executive Sandy Climan put him in touch with Daniel S. Loeb, a hedge fund investor, and the two hit it off over breakfast at the Montage Beverly Hills. "When I met Jay Penske, he viewed two industries with contempt: show business and magazines . Just to be clear, the billionaire kid gets to tear down the community church and build his oversized McMansion, but he has to keep the church facadeand you think youve accomplished something for the community? wrote a Facebook user named Steve in a comment. Venice Contributor. In 2020 Mr. Penske bought 80 percent of The Hollywood Reporter, Billboard and Vibe. Age: 30. For several years now, the church has been empty. You have to find the right buyer, negotiate a October 1, 2022 Yo! The Penske Media Corporation bought Deadline in 2009, but tensions between CEO Jay Penske and Finke ran high in summer of 2013. CHARLOTTE, N.C. -- Two sons of NASCAR and IndyCar team owner Roger Penske were arrested Thursday for an alleged break-in at the Nantucket Yacht Club after two women claimed they were assaulted in the club's parking lot, according to a report in The Inquirer and Mirror of Nantucket. . Jay Penske and former Victoria's Secret model Elaine Irwin have announced that they are expecting their first child. The First Baptist Church was the place that helped represent, unify and strengthen the community throughout the years, from the early 1900s when the first African Americans came to work in Venice and had to cling together, to barter their services, worship together and survive. On the other hand where theres smoke, there is fire ;-). First published on June 22, 2018 / 2:37 PM. For the media executive Jay Penske, awards season is money season. You need people to speak at your conferences. The result, he continued, is that publications with different business models, and more aggressive reporting, can elbow their way in.. Some neighbors were outraged that a millionaire publishing magnate would plop himself and his family down in the middle of Oakwood, a neighborhood of small lots that has, over the decades, changed first from a community of Black residents to a community divided equally among Black, Latino and white residents, and then to a predominantly white community, where oversized mini-mansions sit cheek by jowl with small homes on narrow streets. And He's Fine With That", "Jay Penske founded Penske Media Group to acquire Conde Nast's Fairchild Fashion Media - The Business Journals", "Dragon Racing sues Lotus over engine deal", "Dragon's switch to Chevrolet engines approved by IndyCar", "Dragon Racing joins FIA Formula E Championship", "The 2010 International Best-Dressed List", "Elaine Irwin, John Mellencamp's Ex, Engaged to Jay Penske, Media Mogul", https://en.wikipedia.org/w/index.php?title=Jay_Penske&oldid=1142802826, Wharton School of the University of Pennsylvania alumni, Articles with dead external links from March 2023, Articles with permanently dead external links, Pages using infobox person with multiple parents, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 March 2023, at 13:07. Jay Penske came in and saved this business, said Dea Lawrence, the chief operating and marketing officer of Variety. Jay Penske is the Chairman, Founder, and CEO of Penske Media Corporation (PMC). [27] Additionally he has been named a Vice Chair of the American Film Institute (AFI) in 2014 and in 2015 was named by the NY Observer newspaper as one of the 25 most powerful people in Los Angeles. Approximately 21 emails were submitted by members of the community, of which 20 letters voiced opposition to the project and one letter was in support. Elaine Irwin is going to be a married woman once more. Penske and his wife Elaine Irwin live in a house in the Pacific Palisades overlooking the ocean. 79, Section 3, New Taipei Blvd., Xinzhuang District, New Taipei City, Taiwan, 242032 +886 2 8522 9980. Boat of the Week: This New 161-Foot Superyacht Is Designed to House a Two-Person Sub for Deep-Water Exploring . A 2015 cover of Variety, the trade publication acquired by Penske Media in 2012. Sources told TheWrap that Penske planned on firing her then, but . Now Jay Penske can lay claim to the second-largest audience in digital publishing in the US. No, lets talk about her, Column: Did the DOJ just say Donald Trump can be held accountable for Jan. 6? Childhood: Born in New York, Penske went to high school in the Detroit suburbs, where he made the All-American Lacrosse team . Soon he began collecting, starting with works by Kierkegaard and Mencken. Penske was added to the Paley Board in 2015 along with Yannick Bollore, Chairman and CEO, Havas and Devin Wenig, the CEO of eBay. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. He moved to Los Angeles and threw himself into businesses that had nothing to do with the nuts, bolts and engine noise of the family trade. Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. This was an affront to many Oakwood residents who grew up in and around the church. Palisades News. The father's success made the Penske name all but inescapable. The conflict over the property began in 2015, after its pastor had taken out loans against the church, then sold it and took his flock to a new church in Westchester. Sound design and mix are by Dan Olmsted, with color grading by Robert . The women later told police they did not wish to press assault and battery charges, according to the report written by officer John Muhr, a 20-year veteran of the Nantucket Police Department. This church should be gifted back to the community that it was stolen in the form of reparations, wrote Laddie Williams from the organization Venice Lives in a letter to City Council. Two of Roger Penske's sons, including an owner of an IndyCar team, spent the night in a Massachusetts jail, the Inquirer and Mirror of Nantucket reported Thursday. L-R) Formula E CEO Alejandro Agag, Elaine Irwin and publisher Jay Penske attend the Variety and Formula E Hollywood Gala at Chateau Marmont on April 4, 2015 in Los Angeles, California. [1], At St. Mary's, Penske was named All-League, All-State, All-American,[2] and Player of the Year by USA Today in lacrosse. Deadlines minuscule staff regularly scooped the competition. [3] In 1997, he set the school records for the most goals, assists, and total points in lacrosse in the school's history, after which they retired his number in the school gymnasium. The soaring midcentury A-frame, with a stone veneer exterior that must have seemed very cool in the 1960s when it was built, was once an important strand in the fabric of life in Oakwood, the only part of coastal Los Angeles where Black people were historically allowed to buy property. Their parents, Roger and Kathy Penske, own a waterfront home on Nantucket in Pocomo. The woman also alleged Jay Penske grabbed her arm and pushed her, and that Mark Penske pushed her before running away. Penske Automotive is a transportation services company. Last year he made his move on South by Southwest, becoming a majority shareholder in the annual tech, film and music festival, which had run into money troubles because of the pandemic. Born on May 5th, 1979 in New York City, New York, Penske is the youngest son of Kathy, an English teacher and Roger Penske, founder of the automotive conglomerate Penske Corporation and a former race car driver. When longtime Oakwood resident Naomi Nightingale heard about the Penskes plans, she told me, she was astounded., Why would these people who have more money than I can imagine, who could live anywhere they want in the world, why would they want to live here in the midst of Venice in what was predominantly a Black community? she asked. The Nineties supermodel, 43, is due this summer. Mr. Penske and Ms. Finke added some reporting muscle when they lured Nellie Andreeva away from The Hollywood Reporter and Mike Fleming from Variety. A few years later, it became apparent that his ambitions went beyond watching over a scrappy digital outlet, when he set his sights on Variety, the age-old show business publication that was challenged by the transition to online media. Penskes Premier Truck Group (PTG) offers Freightliner and Western Star branded trucks. He also owns a large estate on the island of Nantucket. Jay Penske, sire of oil and racing mogul Roger Penske, bought the heavily distressed Variety in 2012 for roughly $25M with hedge fund Third Point. "I would call it white privilege," says Venice resident Naomi Nightengale, "arrogance that says I have the money this is what I want so I should be able to do it.". I guess there are two answers to that question: Because they can. The company is also a distributor of diesel and gas engines and power systems, representing MTU, Detroit Diesel, and Rolls Royce Power Systems.Penske CorporationPenske Corporation is the holding company of Penskes activities. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. LAPD Operations-West Bureau Commences Community Police Academy, LAFD Arson Unit Asks For Help Identifying Suspect In Venice Trash Fires, Critical Need for Blood Donations on the Westside. Jay Penske is an American media and publishing entrepreneur, born in New York City and currently based in Los Angeles. Roger Penske is the founder of Penske Automotive. But the moves have made him someone to be reckoned with, a mogul who can shape perceptions of Hollywood and its players. Along the way Mr. Penske added ARTnews, Art in America, Dirt, Beauty Inc. and Spy. The commission could not decide on a vote this evening, and decided to postpone a vote until Aug. 15. Photos:LAFD. PMC's brands and live events now reach more than 340 million people each month, making PMC one of the largest media and publishing companies in the world. When Tatiana Siegel, a longtime Hollywood Reporter journalist, accepted a job at The Ankler, a subscription newsletter started by the show business writer Richard Rushfield that has expanded under the former Hollywood Reporter top editor Janice Min, Mr. Penske put a stop to the move. They talked with church members, held a gathering for neighbors and agreed, with the support of Los Angeles City Councilman Mike Bonin, to preserve the churchs midcentury modern exterior. Roger Penske House. Penske was co-owner of IndyCar Series racing team Dragon Racing, jointly with Steve Luczo, the Chairman of Seagate Technologies. The company is also a distributor of diesel and gas engines and power systems, representing MTU, Detroit Diesel, and Rolls Royce Power Systems.Penske CorporationPenske Corporation is the holding company of Penskes activities. What Is the Most Effective Way to Sell a Used Car? Jay Penske, CEO of Hollywood digital publishing company PMC, . Smithsonian to House Repatriated Yemeni Artifacts. For her supporters, and there are many, the public, yearlong spat between Ms. Finke and Mr . The answer is obvious: Penske and the House of Saud are now the single loud voice reporting on entertainment industry trade news. Penske also played hockey and earned All-Region and All-State honors. A few short months ago, Venice residents assembled outside the century-old First Baptists Church to protest the sale of their beloved sanctuary. According to a police report, the incident initially was reported as an assault and battery when two women approached police on Broad Street, claiming they had been assaulted by two men, later identified as the Penske brothers. "The people who live across the street are not going to see any difference than what was there before, if anything they're going to see less traffic," said another. Survey: Should Venice Beach Host an Olympic Games Event? Another subsidiary runs Team Penske, the organization whose drivers have won more than 600 races. Jay has been by far the best owner Ive worked under at The Hollywood Reporter, said Ms. Siegel, who joined the magazine in 2003. The First Baptist Church of Venice is, honestly, not much to look at right now. The company sells more than 629,000 cars annually, including Audi, BMW, Land Rover, Mercedes-Benz, and Porsche.Penskes Premier Truck Group (PTG) offers Freightliner and Western Star branded trucks.Penske Australia is an importer and distributor of heavy-duty and media duty trucks and buses. Comedian Wanda Sykes has hilariously recalled the moment a fan of hers almost choked to death while laughing at her stand-up . Media mogul Jay Penske, the new owner, had a vision for the property that the residents also were not too happy about. 3 min read. A person close to the project told me that the Penskes felt they were doing something positive. Some of the residents gathered Wednesday spoke in favor of the Penske's mansion. Please mention SuperYachtFan when using this information. In 2009SuperYachtFanin its current format was published online and soon the focus changed from yacht photos toyacht owners, creating theSuper Yacht Owners Register. Venice residents were shocked to see a large hauler and trailer parked at the First Baptist Church of Venice, the site of an ongoing legal battle with media mogul and racing team owner Jay Penske. Ten Penske Media employees interviewed for this article describe their boss as someone who stepped up for publications in trouble. The project includes a partial demolition of the second floor. Its the time of year when Disney and Netflix, along with the other studios and streamers, demonstrate their love for the talent by spending millions on For Your Consideration ads in Variety, The Hollywood Reporter and Deadline, as well as the niche outlets Gold Derby, IndieWire and TVLine. Stunning Music Academy in Brentwood will celebrate its Grand Opening, Sunday, February 20th. In 2014 he bought Fairchild Fashion Media, the owner of Womens Wear Daily, from Cond Nast. LEVOIT OasisMist Humidifier. Up until a decade ago, Jay Penske was one of many scions looking to move upward in Los Angeles. His own professional career and individual business serve as his main source of income and revenue. Ordinance that would prevent most businesses in unincorporated areas of the county from excluding job applicants with past criminal records Local attorney Michael Jensen offers a blueprint for Venice in a post COVID World By Nick Antonicello VENICE The #1 Local News, Forum, Information and Event Source for Venice Beach, California. Snap recently said it was exiting the neighborhood. At the time, the church was owned by Jay Penske of Penske Media Corporation, which publishes "Variety" and "Rolling Stone." Penske planned to convert the church into a home for his family . All of those publications, which cover things of special interest to Oscar and Emmy voters, are part of Penske Media Corporation. I think the city and I owe it to the Black community in Venice to take another look and to try to help preserve whats an important legacy. Its important to acknowledge, he added, that all of our systems have racism baked into them, particularly land use, finance and housing.. Shortly before the first day, Variety published a glowing article headlined SXSW Is My Whole Life: An Ode to the Austin Festival as It Makes Its In-Person Return. You can read it online, where, up until Oscar voting ended on March 22, it was surrounded by For Your Consideration ads. He and his wife, former Victorias Secret model Elaine Irwin, paid $6.3 million for the property in February 2017, property records show. Venice Contributor. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Early life and education Born . March 1, 2023 11:29am. Date of Birth: 1979 (44 years old) Place of Birth: New York City. Introducing the second location of the highly successful Angeles Academy of Music, which has become an icon of Westwood Village. Venice Beach Attempted Murder Suspect Arrested in West Virginia, The Current Gambling Situation in California. As Recode reported last month, Penske Media owner Jay Penkse was one of three bidders circling the property: Irving Azoff, a longtime Wenner friend/frenemy, was also looking at it, backed with . Copyright 2023 CBS Interactive Inc. All rights reserved. Jay Penske, the CEO of PMC (Deadline Hollywood, MovieLine) and son of billionaire racing magnate Roger Penske, was arrested last night with his brother Mark at the Nantucket Yacht Club. Life is stressful. Most recently, at the end of last year, the company snatched up Peter Brant's art-world publishing empire. 2018 CBS Interactive Inc. All Rights Reserved. 1:15. But some residents at the meeting spoke in favor of the Penske's decision to renovate the building. The billionaire rapper stunned Silkk the Shocker by refusing this payout over 20 years ago. Jay Penske is the Chairman and CEO of PMC. [6][14] The team name is derived from Penske's love of books and business interest Dragon Books, Ltd., and his partner's last name. The risk paid off for his team -- and race organizers. "For over 40 years, . As a subscriber, you have 10 gift articles to give each month. Do Not Sell or Share My Personal Information. The brothers reportedly spent the night in the Nantucket Police Department's lockup facility, and were arraigned Thursday morning on charges of breaking and entering in the nighttime with intent to commit a misdemeanor. Venice Shorts: Murez Moves on, Seeks Board Seat Versus Reelection as President. He is the Chairman and CEO of Penske Media Corporation, a digital media and publishing company he founded in 2004. Penske and his wife, former supermodel Elaine Irwin Penske, who was once married to rocker John Mellencamp, also spoke to the commission and declined to speak to Cruz. On this Wikipedia the language links are at the top of the page across from the article title. In an interview, he noted that Mr. Penske flew to New York to attend the wake for his father, who died in 2012 from injuries sustained during Hurricane Sandy. The newspaper reported that one of the women claimed the Penske brothers were urinating in the parking lot, and when she confronted Jay Penske, he "turned and continued to urinate on her boots.''. On September 23, Penske Media Corporation, or PMC, which owns Rolling Stone, Variety, and Women's Wear . Ms. Siegels contract included a noncompete clause, and Mr. Penske held her to it. Richest Business CEOs.
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