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Phil Kurtz: Entrepreneur, Dealmaker, Recession-Buster
Philip Kurtz is doing his part for the Oklahoma economy. He’s directly responsible for more than 300 high-paying jobs in the greater Tulsa area, and counting.
A graduate of Edison High School and the University of Tulsa, Kurtz founded and built hospital billing service provider CIS Technologies in the late 1980s and early 1990s. He sold it to National Data Corporation (NDC) in 1996. CIS employed 450 at the time – 200 in Tulsa alone. CIS now flies the McKesson flag. Kurtz retired in 1999, but the firm continues to employ some 300 highly compensated knowledge workers in Tulsa (and many more outside Oklahoma).
U.S. Headed for Bankruptcy
You knew him. He was the talk of the town. Spent a fortune. Had everything. Then, suddenly, busted. Bankrupt.
Everyone was shocked.
What happened, as the facts came to light, wasn’t misfortune. It wasn’t even unique. Just another instance of a man achieving a high level of prosperity and then, over time, his beliefs about his wealth and his ability to spend grew to exceed even his sizeable income. He developed his own sense of entitlement. His own story of manifest destiny. He began working less and spending more time enjoying the fruits. Flaunting his wealth and exercising his power.
