Phil Stacker (Johnsonverse)

Phillip James Stacker (born Phillip James Sacchetti, August 7, 1931) is an American retired businessman, actor, philanthropist, author, and team owner. He was President and CEO of Stacker & Associates from 1966 to 1991 and again from 1993 until his 2014 retirement. He was also the CEO of Johnson Industries from 1981 to 1991.
A second-generation businessman, Stacker founded Stacker & Associates in 1966 as an investment company.
== Early life ==
Phillip James Sacchetti was born in Chicago, Illinois on August 7, 1931 to Italian immigrants Kristian and Diana Sacchetti.
Stacker's parents moved to St. Louis, Missouri when he was six due to his father, Kristian Stacker, getting a new job in St. Louis, Missouri. At the age of twelve, his family's surname was legally changed to Stacker to avoid discrimination during World War II. 
At the age of nineteen, Stacker was given his first job at Stacker's Bistro, a small Missouri-based restaurant chain.
== Stacker & Associates ==
In August 1966, Stacker founded Stacker & Associates, an investment firm. He oversaw its expansion by purchasing several smaller banks throughout the United States.
In 1971, Stacker was given control of Stacker's Bistro after his parents retired. Despite his success as a manager, Stacker was not as successful as its CEO; quality had declined, and restaurants had closed. By 1988, Stacker was forced to sell the restaurant bearing his name to the Johnson family.
== Johnson Industries ==
On June 1, 1981, Stacker's acquisition of Johnson Industries was closed, in a hostile takeover. The first thing Stacker did was kick out longtime CEO Sheldon Johnson and the entire Johnson family from the company bearing their name, and take control as Johnson's CEO, believing he could make the company more profitable. Stacker was clearly more interested in money than catering to the masses, and this showed during his tenure, which was declared "The Dark Times" by Stacker, his critics, and the Johnsons. In one radio interview in 1984, Stacker accidentally called his employees "drones", causing a major public relations debacle.
In January 1987, during a progress meeting, Stacker was informed of a loss in profit, and set out to improve the company. 
=== Arrest ===
On February 1991, TBA.
== Prison years ==
== Release from prison and later life ==
After his release from prison, Stacker rejoined his company as CEO.
=== Retirement ===
== Personal life ==
Stacker is fluent in Italian, Japanese, and French. He married Helga Larson on September 29, 1958, having six children; their eldest, Daniel, succeeded Stacker as CEO of Stacker & Associates in 2014. On September 10, 2023, Helga died from natural causes at the age of 90.
Category:Johnsonverse