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Eli Broad
Eli Broad ( ; June 6, 1933April 30, 2021) was an American businessman and philanthropist. In June 2019, ''Forbes'' ranked him as the 233rd-wealthiest person in the world and the 78th-wealthiest in the United States, with an estimated net worth of $6.7 billion. He was known for his philanthropic commitment to public K–12 education, scientific and medical research, and the visual and performing arts. Early life Broad was born on June 6, 1933, in the Bronx, New York City, the son of Rebecca (Jacobson) and Leo Broad, Lithuanian Jewish immigrants who met in New York. His father worked as a house painter, and his mother as a dressmaker. His family moved to Detroit, Michigan, when he was six years old. In Detroit, his father was a union organizer and owned five-and-dime stores. Broad attended Detroit Public Schools and graduated from Detroit Central High School in 1951. Broad attended Michigan State University, majoring in accounting with a minor in economics and graduating '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Broad
The Broad () is a contemporary art museum on Grand Avenue in Downtown Los Angeles. The museum is named for philanthropists Eli and Edythe Broad, who financed the $140 million building that houses the Broad art collections. It offers free general admission to its permanent collection galleries. However, not all of its events are free and admission prices may vary by exhibit and or by event. It opened on September 20, 2015. History Since 2008, Eli and Edythe Broad and the Broad Art Foundation had been considering different sites for a museum for the art collection. In November 2008, the news surfaced that Eli Broad had approached Beverly Hills about building his museum at the southeast corner of Wilshire Boulevard and Santa Monica Boulevard. In January 2010, he revealed that he was considering a 10-acre parcel on the campus of West Los Angeles College just outside Culver City. Meanwhile, in March 2010, the Santa Monica City Council approved an agreement in principle to lease the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit Public Schools
Detroit Public Schools Community District (DPSCD) is a school district that covers all of the city of Detroit, Michigan, United States and high school students in the insular city of Highland Park. The district, which replaced the original Detroit Public Schools (DPS) in 2016, provides services to approximately 50,000 students, making it the largest school district in the state. The district has its headquarters in the Fisher Building of the New Center area of Detroit. The school district has experienced extensive financial difficulties over a series of years. From 1999 to 2005, and from 2009 to the reorganization in 2016, the district was overseen by a succession of state-appointed emergency financial managers. History The district was established in 1842, and has grown with the city. Some of the schools in the district began as part of other school districts, including Greenfield Township and Springwells Township districts, as the areas these districts covered were annex ... [...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] |
KB Home
KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder and was a Fortune 500 company from 2000 through 2008. Its headquarters are in Los Angeles, California. The company has built 600,000 homes since its founding. It builds homes primarily for first-time home buyers. History 1956–2007 KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad.Los Angeles Magazine: "A Little Thing Called Power - He has more pull than the mayor, more art than the Getty, and more money than God. Does Eli Broad own LA?" by Ed Leibowitz [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phoenix, Arizona
Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona, with 1,608,139 residents as of 2020. It is the List of United States cities by population, fifth-most populous city in the United States, and the only U.S. state capital with a population of more than one million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley. The metropolitan area is the 11th largest by population in the United States, with approximately 4.85 million people . Phoenix, the seat of Maricopa County, Arizona, Maricopa County, has the largest area of all cities in Arizona, with an area of , and is also the List of United States cities by area, 11th largest city by area in the United States. It is the largest metropolitan area, bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald Bruce Kaufman
Donald Bruce Kaufman (1922 – 1983) was an American home builder and entrepreneur who with Eli Broad co-founded Kaufman & Broad, now known as KB Home (NYSE: KBH), in 1957. Early life Donald Bruce Kaufman was born in Detroit, Michigan in 1922, the third child of immigrant parents from Russia. His father was a finish carpenter and his mother was ill most of her life with tuberculosis. Donald was moved around to live with different family members most of his young life. Career At the end of World War II he joined the Air Force and became a cadet. Though he never saw action, he did learn to fly an airplane. After his service, he gathered some of his friends and started a business framing houses in Detroit. He later started a contracting company he called ABCO, named so as it would be the first company listed under contractors in the telephone book. The business received a lot of work after the Korean war, with men returning to the States and needing homes for their growing families ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit Institute Of Technology
The Detroit Institute of Technology was a private four-year technical college in Detroit, Michigan that closed operations in 1981. History First called the Association Institute, the private school was founded in 1891 as a YMCA evening school and later developed into a private engineering and science college, formalizing its evening adult education program. It undertook several name changes in the early 20th century, using the name Detroit Technical Institute by 1908 and changing it again to Detroit Institute of Technology in 1918. By 1920 it had six schools in operation. Out of these, four offered undergraduate degrees: The College of Law offered a four-year program. The College of Pharmacy was added in 1907 after separating from the School of Medicine. The College of Commerce offered four-year programs in accounting, marketing, management, finance, and production. The School of Engineering had electrical, mechanical, chemical, automotive, and machine trade programs leading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Certified Public Accountant
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or who have requested conversion to inactive status are in many states permitt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Auto Workers
The International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America, better known as the United Auto Workers (UAW), is an American labor union that represents workers in the United States (including Puerto Rico) and Canada. It was founded as part of the Congress of Industrial Organizations (CIO) in the 1930s and grew rapidly from 1936 to the 1950s. The union played a major role in the liberal wing of the Democratic Party under the leadership of Walter Reuther (president 1946–1970). It was known for gaining high wages and pensions for auto workers, but it was unable to unionize auto plants built by foreign-based car makers in the South after the 1970s, and it went into a steady decline in membership; reasons for this included increased automation, decreased use of labor, movements of manufacturing (including reaction to NAFTA), and increased globalization. UAW members in the 21st century work in industries including autos and auto parts, heal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Packard
Packard or Packard Motor Car Company was an American luxury automobile company located in Detroit, Michigan. The first Packard automobiles were produced in 1899, and the last Packards were built in South Bend, Indiana in 1958. One of the "Three Ps" alongside Peerless Motor Company, and Pierce-Arrowthe company was known for building high-quality luxury automobiles before World War II. Owning a Packard was considered prestigious, and surviving examples are found in museums, car shows, and automobile collections. Packard vehicles featured innovations, including the modern steering wheel, air-conditioning in a passenger car, and one of the first production 12-cylinder engines, adapted from developing the Liberty L-12 engine used during World War I to power warplanes. During World War II, Packard produced 55,523 units of the two-stage/two-speed supercharger equipped Merlin V-12s engines under contract with Rolls-Royce. Packard also made the versions of the Liberty L-12 V-12 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drill Press
A drill is a tool used for making round holes or driving fasteners. It is fitted with a bit, either a drill or driverchuck. Hand-operated types are dramatically decreasing in popularity and cordless battery-powered ones proliferating due to increased efficiency and ease of use. Drills are commonly used in woodworking, metalworking, construction, machine tool fabrication, construction and utility projects. Specially designed versions are made for miniature applications. History Around 35,000 BC, ''Homo sapiens'' discovered the benefits of the application of rotary tools. This would have rudimentarily consisted of a pointed rock being spun between the hands to bore a hole through another material. This led to the hand drill, a smooth stick, that was sometimes attached to flint point, and was rubbed between the palms. This was used by many ancient civilizations around the world including the Mayans. The earliest perforated artifacts, such as bone, ivory, shells, and antlers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
