[1] Karras earned a Bachelor of Science degree in Banking and Finance from Weber State College and MBA from the University of Utah in 1970.
Karras has been a member of the board of trustees of Weber State University since 2013 and chair since 2015.
[3] Karras later served as a member of the Utah State Board of Regents for 12 years.
Karras had selected former Congresswoman Enid Greene Mickelsen as his running mate.
[5] Karras was a member of the Board of Directors of Scottish Power, a corporation that operates as PacifiCorp in the United States.