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Charles S. Sanford, Jr.
Charles Steadman "Charlie" Sanford was an American businessman who served as Chairman of the Board and Chief Executive Officer of Bankers Trust. After graduating from the University of Georgia in 1958, where he was a member of the Gridiron Secret Society, Sanford served as a United States Army lieutenant. Sanford then returned to school and obtained an MBA from the Wharton School of the University of Pennsylvania in 1960. Sanford's career at Bankers Trust began in 1961 as a commercial banking officer, and he was promoted through the ranks culminating in the positions of chairman and chief executive officer in 1987. Sanford retired from the company in 1996. Sanford is credited with implementing the first value at risk (VaR) model. Prior to Sanford's quantitative measurement, credit and market risk was defined through ad hoc measures. Sanford died September 4, 2018, at Oak Hammock at the University of Florida in Gainesville, Florida Florida is a state located in the Sout ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Bankers Trust
Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corporation in 2003. History In 1903 a group of New York national banks formed trust company Bankers Trust to provide trust services to customers of state and national banks throughout the country on the premise that it would not lure commercial bank customers away. In addition to offering the usual trust and commercial banking functions, it also acted as a "bankers' bank" by holding the reserves of other banks and trust companies and loaning them money when they needed additional reserves due to unexpected withdrawals. Bankers Trust Company was incorporated on March 24, 1903, with an initial capital of $1.5 million. Despite technically having numerous stockholders, the voting power was held by three associates of J.P. Morgan. Thus, it was wi ...
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University Of Georgia
, mottoeng = "To teach, to serve, and to inquire into the nature of things.""To serve" was later added to the motto without changing the seal; the Latin motto directly translates as "To teach and to inquire into the nature of things." , established = , endowment = $1.8 billion (2021)As of June 30, 2021. , type = Public flagship land-grant research university , parent = University System of Georgia , accreditation = SACS , academic_affiliation = , president = Jere W. Morehead , provost = S. Jack Hu , city = Athens , state=Georgia , country = United States , coordinates = , faculty = 3,119 , students = 40,118 (fall 2021) , undergrad = 30,166 (fall 2021) , postgrad = 9,952 (fall 2021) , free_label2 = Newspaper , free2 = '' The Red & Black'' , campus = Midsize city / College town , campus_size = (main campus) (total) , colors = , sports_nickname = Bulldogs , sporting_affiliations = NCAA Division I FBS – SEC , mascot = Uga X (live English Bulldo ...
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Gridiron Secret Society
Gridiron Secret Society, founded in 1908, is a secret society at the University of Georgia. Gridiron has been called "the highest honor a male student may receive on the University of Georgia campus.". It has also been recognized as one of the "Top 10 Secret Member's Clubs" in the world. Gridiron is believed to draw most of its membership from students, faculty, and alumni of the university. Although, a number of members have no known association with it. Student members are drawn from various disciplines university-wide including the law school, Ag Hill, the Greek system and UGA athletics. Honorary members are usually prominent leaders in government, law, medicine, or business, mostly from and associated with the State of Georgia. The organization has extensive alumni participation, with well-attended banquets held in Athens twice each year, but its purposes and activities remain a closely guarded secret. The organization is thought to have connections with certain structures ...
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United States Army
The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, clause 1 of the United States Constitution (1789). See alsTitle 10, Subtitle B, Chapter 301, Section 3001 The oldest and most senior branch of the U.S. military in order of precedence, the modern U.S. Army has its roots in the Continental Army, which was formed 14 June 1775 to fight the American Revolutionary War (1775–1783)—before the United States was established as a country. After the Revolutionary War, the Congress of the Confederation created the United States Army on 3 June 1784 to replace the disbanded Continental Army.Library of CongressJournals of the Continental Congress, Volume 27/ref> The United States Army considers itself to be a continuation of the Continental Army, and thus considers its institutional inception to be th ...
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Lieutenant
A lieutenant ( , ; abbreviated Lt., Lt, LT, Lieut and similar) is a commissioned officer rank in the armed forces of many nations. The meaning of lieutenant differs in different militaries (see comparative military ranks), but it is often subdivided into senior (first lieutenant) and junior (second lieutenant and even third lieutenant) ranks. In navies, it is often equivalent to the army rank of captain; it may also indicate a particular post rather than a rank. The rank is also used in fire services, emergency medical services, security services and police forces. Lieutenant may also appear as part of a title used in various other organisations with a codified command structure. It often designates someone who is " second-in-command", and as such, may precede the name of the rank directly above it. For example, a "lieutenant master" is likely to be second-in-command to the "master" in an organisation using both ranks. Political uses include lieutenant governor in various g ...
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Wharton School Of The University Of Pennsylvania
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy League research university in Philadelphia. Generally considered to be one of the most prestigious business schools in the world, the Wharton School is the world's oldest collegiate business school, having been established in 1881 through a donation from Joseph Wharton. The Wharton School awards the Bachelor of Science with a school-specific economics major (academic), major, with concentrations in over 18 disciplines in Wharton's academic departments. The degree is a general business degree focused on core business skills. At the graduate level, the Master of Business Administration (MBA) program can be pursued standalone or offers dual studies leading to a joint degree from other schools (e.g., law, engineering, government). Similarly, in addition ...
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The Buffalo News
''The Buffalo News'' is the daily newspaper of the Buffalo–Niagara Falls metropolitan area, located in downtown Buffalo, New York. It recently sold its headquarters to Uniland Development Corp. It was for decades the only paper fully owned by Warren Buffett's Berkshire Hathaway. On January 29, 2020, the paper reported that it was being sold to Lee Enterprises. History The ''News'' was founded in 1873 by Edward Hubert Butler, Sr. as a Sunday paper.Frequently Asked Questions
, www.buffalonews.com
On October 11, 1880, it began publishing daily editions as well, and in 1914, it became an inversion of its original existence by publishing Monday to Saturday, with no publication on Sunday. During most of its life, the ''News'' was known as ''The Buffalo Evening News''. A gentleman's agreement between the ''Ev ...
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Value At Risk
Value at risk (VaR) is a measure of the risk of loss for investments. It estimates how much a set of investments might lose (with a given probability), given normal market conditions, in a set time period such as a day. VaR is typically used by firms and regulators in the financial industry to gauge the amount of assets needed to cover possible losses. For a given portfolio, time horizon, and probability ''p'', the ''p'' VaR can be defined informally as the maximum possible loss during that time after excluding all worse outcomes whose combined probability is at most ''p''. This assumes mark-to-market pricing, and no trading in the portfolio. For example, if a portfolio of stocks has a one-day 95% VaR of $1 million, that means that there is a 0.05 probability that the portfolio will fall in value by more than $1 million over a one-day period if there is no trading. Informally, a loss of $1 million or more on this portfolio is expected on 1 day out of 20 days (because of 5% proba ...
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Gainesville, Florida
Gainesville is the county seat of Alachua County, Florida, Alachua County, Florida, and the largest city in North Central Florida, with a population of 141,085 in 2020. It is the principal city of the Gainesville metropolitan area, Florida, Gainesville metropolitan area, which had a population of 339,247 in 2020. Gainesville is home to the University of Florida, the List of largest United States university campuses by enrollment, fourth-largest public university campus by enrollment in the United States as of the 2021–2022 academic year. History There is archeological evidence, from about 12,000 years ago, of the presence of Paleo Indians in the Gainesville area, although it is not known if there were any permanent settlements. A Deptford culture campsite existed in Gainesville and was estimated to have been used between 500 BCE and 100 CE. The Deptford people moved south into Paynes Prairie and Orange Lake during the first century and evolved into the Cades Pond culture. The ...
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Florida
Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to the south by the Straits of Florida and Cuba; it is the only state that borders both the Gulf of Mexico and the Atlantic Ocean. Spanning , Florida ranks 22nd in area among the 50 states, and with a population of over 21 million, it is the third-most populous. The state capital is Tallahassee, and the most populous city is Jacksonville. The Miami metropolitan area, with a population of almost 6.2 million, is the most populous urban area in Florida and the ninth-most populous in the United States; other urban conurbations with over one million people are Tampa Bay, Orlando, and Jacksonville. Various Native American groups have inhabited Florida for at least 14,000 years. In 1513, Spanish explorer Juan Ponce de León became the first k ...
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