Ernest S. Rady

Background

Rady, Ernest S. was born on August 28, 1937 in Winnipeg, Canada. Son of Max and Rose Rady.

Education

Bachelor in Commerce (University Gold Medal), University Manitoba. Juris Doctor, University Manitoba.

Career

Founder, chairman American Assets Inc., San Diego, since 1967. Chairman Insurance Company West (ICW Group), since 1972. Chairman board, Chief Executive Officer, founder Westcorp as the holding company for Western Thrift & Loan Association (sold to Wachovia in 2005 for $3.42 billion), Irvine, California, 1974—2005.

Acquired Amfac Thrift & Loan Association Westcorp, 1977, acquired Evergreen Savings and Loan Association (name changed to Western Financial Savings Bank), 1982. Board directors Wachovia, since 2006, chairman consumer finance division and California bank, since 2006. Principal shareholder Coast Distributing, a distributor of Anheuser-Busch products in San Diego, PAR Broadcasting.

Purchased with Leon Parma KIOZ/FM 105.3, KOGO/AM 600, KLNV/FM 106.5 (then known as Q106), and KCBQ/AM 1170 (Sold to Clear Channel for $75 million in 1998). Past part owner San Diego Sockers, San Diego Padres, 1990—1994.

Achievements

• Ernest S. Rady has been listed as a noteworthy thrift and loan association executive by Marquis Who's Who.

Membership

Chairman board trustees Children's Hospital and Health Center San Diego, 1990—1993. Chairman Dean's Advisory Board University California San Diego Rady School Management. Trustee Salk Institute Biological Sciences, Scripps Health.

Founder Rady Family Foundation. President United Jewish Federation, 1980—1981. Past chairman National Conference Christians and Jews.

Involved Congregation Beth Israel Synagogue, San Diego. Member of World Presidents Organization, The Executive Committee.

Connections

Married Evelyn Rady; 3 children.

Father:

Max Rady

Mother:

Rose Rady

Spouse:

Evelyn Rady