Jay Bergman (businessman)

Jay Bergman
Residence Joliet, Illinois
Alma mater Joliet Junior College
Illinois State University
Occupation Businessman

Jay Bergman is an American businessman and political donor.

Personal life and education

Jay Bergman was born in and has lived his entire life in Joliet, Illinois. He is the son of a factory employee and school secretary. Bergman attended Joliet Junior College for two years, before graduating from Illinois State University in 1970 with a degree in business administration. Bergman is known as a generous donor to many charitable causes, usually preferring to make significant contributions without publicity or attribution. He and his wife did, however, contribute $782,000 to the Chicago-area Red Cross for construction of a blood storage center that will bear their name.[1]

Career

Bergman's career started in land development. In 1987, Bergman acquired oil wells in Southern Indiana, beginning his career in oil. Bergman's company, Petco Petroleum, owns oil and gas fields in 20 states.[1] In 2005, Bergman reached a $135,000 settlement with Illinois Attorney General Lisa Madigan over oil spills.[2] In 2013, Madigan filed a complaint against Petco, alleging that Petco is “the worst polluter in the field of Illinois oil production.”[3]

Bergman has also invested in small banks.[1]

Political activities

Bergman donated $1 million to Republican Super PAC American Crossroads in 2012. Bergman has also contributed to the campaigns of Democratic Illinois Governors Rod Blagojevich and Pat Quinn.[1] Bergman is a member of the Illinois Board of Higher Education and the Illinois State University Board of Trustees.[3]

References

  1. 1 2 3 4 Daniels, Steve (16 September 2013). "The biggest oilman in Illinois chooses a new career: bank owner". Crain's Chicago Business. Retrieved 9 December 2013.
  2. ↑ Adrian, Matt (26 December 2005). "Illinois AG Madigan reaches tentative deal with Petco Petroleum". Quad-City Times. Retrieved 9 December 2013.
  3. 1 2 Erickson, Curt (28 June 2013). "AG slams oil firm as big polluter". Journal Gazette & Times Courier. Retrieved 9 December 2013.
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