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Donald Regan
Donald Thomas Regan (December 21, 1918 – June 10, 2003) was the 66th United States Secretary of the Treasury from 1981 to 1985 and the White House Chief of Staff from 1985 to 1987 under Ronald Reagan. In the Reagan administration, he advocated "Reaganomics" and tax cuts as a means to create jobs and to stimulate production. Earlier in his life, he had studied at Harvard University before he served in the United States Marine Corps, achieving the rank of lieutenant colonel. In 1946 he started to work for Merrill Lynch. He served as its chairman and CEO from 1971 to 1980. Early life Born in Cambridge, Massachusetts, the son of Kathleen (née Ahearn) and William Francis Regan, he was of Irish Catholic origins. Regan earned his Bachelor of Arts in English from Harvard College in 1940 and attended Harvard Law School before dropping out to join the Marine Corps at the outset of World War II. He reached the rank of lieutenant colonel while he was serving in the Pacific Theater. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merrill Lynch
Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place (New York City), Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial analysts and manages $2.3 trillion in client assets. The company also operates Merrill Edge, an electronic trading platform. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange. Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the financial crisis of 2007–2008, the same weekend that Lehman Brothers was Bankruptcy of Lehman Brothers, allowed to fail. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cartel
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Etymology The word ''cartel'' comes from the Italian word '' cartello'', which means a "leaf of paper" or "placard", and is itself derived from the Latin ''charta'' meaning "card". The Italian word became ''cartel'' in Middle French, which was borrowed into English. In English, the word was originally used for a written agreement between warring nations to regulate the treatment and exchange of p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. The firm was headquartered at 277 Park Avenue in New York, New York and employed about 11,300 when it was acquired in August 2000, by Credit Suisse for $11.5 billion. History Donaldson, Lufkin and Jenrette founded the firm on the principle that no one else on Wall Street was doing high quality independent corporate research. They centered the firm around this notion and grew substantially. As research became more of a commodity throughout the 1980s and 1990s, they expanded into other businesses and grew dominant in high yield fixed income, or so-called, "junk bond" securities. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC ) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970 that mandates membership of most US-registered broker-dealers. Although created by federal legislation and overseen by the Securities and Exchange Commission, the SIPC is neither a government agency nor a regulator of broker-dealers. The purpose of the SIPC is to expedite the recovery and return of missing customer cash and assets during the liquidation of a failed investment firm. History Enactment In response to the near collapse of the financial markets in 1970, Congress chose to enact legislation that could prevent an escalation of brokerage firm insolvencies and help stabilize the financial markets. In December 1970, Senator Edmund Muskie pushed forward a bill to create a Federal Broker Dealer Insurance Corporation. A compromise with the House resulted in the SIPA, which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald T Regan Portrait
Donald is a masculine given name derived from the Gaelic name ''Dòmhnall''.. This comes from the Proto-Celtic *''Dumno-ualos'' ("world-ruler" or "world-wielder"). The final -''d'' in ''Donald'' is partly derived from a misinterpretation of the Gaelic pronunciation by English speakers, and partly associated with the spelling of similar-sounding Germanic names, such as ''Ronald''. A short form of ''Donald'' is ''Don''. Pet forms of ''Donald'' include ''Donnie'' and ''Donny''. The feminine given name ''Donella'' is derived from ''Donald''. ''Donald'' has cognates in other Celtic languages: Modern Irish ''Dónal'' (anglicised as ''Donal'' and ''Donall'');. Scottish Gaelic ''Dòmhnall'', ''Domhnull'' and ''Dòmhnull''; Welsh '' Dyfnwal'' and Cumbric ''Dumnagual''. Although the feminine given name ''Donna'' is sometimes used as a feminine form of ''Donald'', the names are not etymologically related. Variations Kings and noblemen Domnall or Domhnall is the name of many ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Okinawa
is a prefecture of Japan. Okinawa Prefecture is the southernmost and westernmost prefecture of Japan, has a population of 1,457,162 (as of 2 February 2020) and a geographic area of 2,281 km2 (880 sq mi). Naha is the capital and largest city of Okinawa Prefecture, with other major cities including Okinawa, Uruma, and Urasoe. Okinawa Prefecture encompasses two thirds of the Ryukyu Islands, including the Okinawa, Daitō and Sakishima groups, extending southwest from the Satsunan Islands of Kagoshima Prefecture to Taiwan ( Hualien and Yilan Counties). Okinawa Prefecture's largest island, Okinawa Island, is the home to a majority of Okinawa's population. Okinawa Prefecture's indigenous ethnic group are the Ryukyuan people, who also live in the Amami Islands of Kagoshima Prefecture. Okinawa Prefecture was ruled by the Ryukyu Kingdom from 1429 and unofficially annexed by Japan after the Invasion of Ryukyu in 1609. Okinawa Prefecture was officially founded in 1879 by the Empi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guadalcanal
Guadalcanal (; indigenous name: ''Isatabu'') is the principal island in Guadalcanal Province of Solomon Islands, located in the south-western Pacific, northeast of Australia. It is the largest island in the Solomon Islands by area, and the second by population (after Malaita). The island is mainly covered in dense tropical rainforest and has a mountainous hinterland. Guadalcanal's first charting by westerners was under the Spanish expedition of Álvaro de Mendaña in 1568. The name comes from the village of Guadalcanal, in the province of Seville, in Andalusia, Spain, birthplace of Pedro de Ortega Valencia, a member of Mendaña's expedition. During 1942–43, it was the scene of the Guadalcanal Campaign and saw bitter fighting between Japanese and US troops. The Americans were ultimately victorious. At the end of World War II, Honiara, on the north coast of Guadalcanal, became the new capital of the British Solomon Islands Protectorate. Geography Guadalcanal is the lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacific War
The Pacific War, sometimes called the Asia–Pacific War, was the theater of World War II that was fought in Asia, the Pacific Ocean, the Indian Ocean, and Oceania. It was geographically the largest theater of the war, including the vast Pacific Ocean theater, the South West Pacific theater, the Second Sino-Japanese War, and the Soviet–Japanese War. The Second Sino-Japanese War between the Empire of Japan and the Republic of China had been in progress since 7 July 1937, with hostilities dating back as far as 19 September 1931 with the Japanese invasion of Manchuria. However, it is more widely accepted that the Pacific War itself began on 7 December (8 December Japanese time) 1941, when the Japanese simultaneously invaded Thailand, attacked the British colonies of Malaya, Singapore, and Hong Kong as well as the United States military and naval bases in Hawaii, Wake Island, Guam, and the Philippines. The Pacific War saw the Allies pitted against Japan, the latter ai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lieutenant Colonel
Lieutenant colonel ( , ) is a rank of commissioned officers in the armies, most marine forces and some air forces of the world, above a major and below a colonel. Several police forces in the United States use the rank of lieutenant colonel. The rank of lieutenant colonel is often shortened to simply "colonel" in conversation and in unofficial correspondence. Sometimes, the term 'half-colonel' is used in casual conversation in the British Army. In the United States Air Force, the term 'light bird' or 'light bird colonel' (as opposed to a 'full bird colonel') is an acceptable casual reference to the rank but is never used directly towards the rank holder. A lieutenant colonel is typically in charge of a battalion or regiment in the army. The following articles deal with the rank of lieutenant colonel: * Lieutenant-colonel (Canada) * Lieutenant colonel (Eastern Europe) * Lieutenant colonel (Turkey) * Lieutenant colonel (Sri Lanka) * Lieutenant colonel (United Kingdom) * L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
