Joe Iglehart

Joseph Alexander Wilson Iglehart

• School Cornell University
• High School Boys' Latin School of Maryland

• Born November 15, 1891 in Baltimore, MD USA
• Died November 16, 1979 in Lutherville, MD USA

Biographical Information

Joe Iglehart was at one time the principal owner of the Baltimore Orioles after being one of the original investors in the purchase of the St. Louis Browns, alongside Clarence Miles and others, in late 1953. He served as team President starting in 1955, after Miles's resignation. He was forced to sell his stock in the team after CBS bought the New York Yankees in August of 1964. He had been an investor in CBS starting in 1932 and served as an executive with the media company turned conglomerate. American League President Joe Cronin considered that this put him in a conflict of interest, and ordered him to divest himself either of his CBS holdings or of his shares in the Orioles. on May 29, 1965, he sold his 32 percent holding in the Orioles to National Brewing Company President Jerry Hoffberger and club treasurer Zanvyl Krieger.

After leaving the Orioles, he served on the Yankees' Board of Directors until they were sold (at a loss) to George Steinbrenner in 1973.

He was a financier, working as an investment banker on Wall Street and rising to partner in the investment form E.F. Hutton. He was one of the youngest officers in the United States Army during World War I, being appointed a major in 1917.