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Mark Hume McCormack
November 6, 1930
Chicago, Illinois, U.S.
|Died||May 16, 2003 (aged 72)|
New York City, New York, U.S.
|Known for||Founder and president of IMG|
Mark Hume McCormack (November 6, 1930 – May 16, 2003) was an American lawyer, sports agent and writer. He was the founder and chairman of International Management Group, now IMG, an international management organization serving sports figures and celebrities.
Early life, education
McCormack was the only son of Chicago publisher Ned McCormack. He graduated from the College of William & Mary in 1951. He earned his law degree from Yale Law School, and served in the United States Army. He played varsity golf at William and Mary, and qualified for the 1958 U.S. Open, but missed the cut.
After his Army discharge, McCormack worked as an attorney at the Cleveland law firm, Arter & Hadden. In the 1950s he helped organize one-day golf exhibitions for professionals around the United States. In 1960, McCormack founded IMG and signed golfer Arnold Palmer as the company's first client and later signed Jack Nicklaus and Gary Player. McCormack's clients eventually included Fran Tarkenton, Björn Borg, Chris Evert, Pete Sampras, Michael Schumacher, Derek Jeter, Charles Barkley and model Kate Moss. He also handled special projects for Margaret Thatcher, Mikhail Gorbachev, Pope John Paul II, and Tiger Woods.
McCormack wrote several books, including The Terrible Truth About Lawyers and What They Don't Teach You at Harvard Business School, which spent 21 consecutive weeks at #1 on The New York Times Best Seller list. His annual publication The World of Professional Golf, first published in 1967, included an (unofficial) world ranking system. In his book What They Don't Teach You at Harvard Business School, McCormack tells a fictionalized story[page needed] of a Harvard study in which the three percent of graduates who had clear, written goals earned ten times as much as the 97 percent who didn't have clear, written goals. McCormack and numerous motivational speakers, including Tony Robbins and Brian Tracy, have used various versions of this story in their presentations.
Originates rankings for golf and tennis
The system used to calculate Mark McCormack's world golf rankings was adapted in 1986 to become the Official World Golf Ranking system, with McCormack chairing the rankings committee made up of representatives from all the major golf tours. McCormack pioneered a similar system for tennis rankings. McCormack met his second wife Betsy Nagelsen-McCormack, a two-time Australian Open doubles champion and a Wimbledon doubles finalist, while she was a business client. They married in 1986. The couple founded the McCormack–Nagelsen Tennis Center at the College of William & Mary, which houses the ITA Women's Collegiate Tennis Hall of Fame.
McCormack died at a New York hospital on May 16, 2003, age 72, from complications after suffering a cardiac event four months earlier that left him in a coma. His second wife, Betsy Nagelsen, their daughter, Maggie, and children from his first marriage to Nancy Breckenridge McCormack, Breck, Todd and Leslie, later shared $750 million, when the family's shares in IMG were sold.
In July 2006 McCormack was selected for induction into the World Golf Hall of Fame in the lifetime achievement category, and he was inducted in October 2006. On January 23, 2008, he was also inducted into the International Tennis Hall of Fame. He was featured as one of the Forbes 400 Richest Americans in 1995, 1998, 2001. In 1990, he was named the "Most Powerful Man in Sports" by Sporting News. The University of Massachusetts at Amherst has also named their Sport Management department after McCormack.
The Mark H. McCormack Award is awarded to the player who has spent the most weeks at first place in the Official World Golf Ranking during a calendar year. The first 13 of these awards after its inception went to Tiger Woods.
- Arnie: The Evolution of a Legend, New York: Simon & Schuster (1967)
- What They Don't Teach You at Harvard Business School: Notes From A Street-Smart Executive, New York: Bantam, (1984)
- The Terrible Truth About Lawyers: How Lawyers Really Work and How to Deal With Them Successfully, Harper Collins, 1987 (also published in another edition as What They Didn't Teach Me at Yale Law School, Fontana Press 1988)
- What They Still Don't Teach You at Harvard Business School, New York: Bantam Books, 1989 (also published in another edition as Success Secrets, HarperCollins, 1989)
- The 110% Solution, Villard Books, (1990)
- Hit the Ground Running: Executive Guide to Insider's Travel, Orion, 1993 (published in soft-cover edition as What They Don't Teach You at Harvard Business School About Executive Travel: Hit the Ground Running, Dove Books, 1996)
- McCormack on Negotiating, Random House (June 1995)
- McCormack on Selling, Random House Business Books (June 15, 1995)
- McCormack on Managing, Random House Business Books (October 1995)
- McCormack on Communicating, Dove Entertainment (February 1996)
- Getting Results for Dummies: Get Organized, Stay Focused, and Get Things Done!, IDG Books, (1999)
- Staying Street Smart in the Internet Age, Penguin Putnam, 2000 (also published in another edition as What You'll Never Learn on the Internet, HarperCollins Business, 2001, as well as Never Wrestle with a Pig and Ninety Other Ideas to Build Your Business and Career, Penguin, 2002)
- The World of Professional Golf (Published annually from 1967, it continues to be published posthumously, the title page indicating that it was founded by Mark McCormack). The first of the annuals was titled Golf '67.
- Arnie and Jack: Palmer, Nicklaus, and Golf's Greatest Rivalry, by Ian O'Connor, 2008
- Axthelm, Pete (July 19, 1971). "The Third Annual Permanent Retirement of Joe Namath". New York Magazine. p. 71. Retrieved January 6, 2015.
- "Writing Down Your Goals – The Harvard Written Goal Study. Fact or Fiction?". Sidsavara.com. November 13, 2007. Retrieved August 19, 2015.
- "IMG founder McCormack dies at 72". USA Today. May 16, 2003. Retrieved August 19, 2015.
- Nancy Breckenridge McCormack, born June 10, 1933; died January 14, 1998, Jefferson, Alabama. Source: Social Security Death Index.
- "Mark Hume McCormack". NameBase. Retrieved January 20, 2012.[dead link]
- "Mark H. McCormack Department of Sport Management". Retrieved August 19, 2015.
- "R&A Introduces the Mark H. McCormack Medal". Cybergolf. Retrieved August 19, 2015.