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George N. Gillett, Jr.
George Nield Gillett Jr. (born October 22, 1938) is an American businessman. Originally from Wisconsin, he lives in Vail, Colorado. Biography Gillett graduated from Lake Forest Academy in 1956. He attended Amherst College and is a 1961 graduate of Dominican College of Racine, Wisconsin. Gillett's first job following college was with Crown Zellerbach as regional sales manager. Gillett's career continued in the 1960s in marketing and management consulting, initially with McKinsey & Co. A sports fanatic since childhood, by 1966, he was business manager and partner of the Miami Dolphins. In 1966, he purchased a 20% interest in the Miami Dolphins NFL franchise for $1 million. He sold this interest in 1968 for $3 million, and used some of the proceeds to purchase the nearly defunct Harlem Globetrotters and later started Globetrotters Communications, a nationally syndicated radio group. He reinvigorated the Globetrotters by an intense marketing effort that included a pop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom Hicks
Thomas Ollis Hicks Sr. (born February 7, 1946), is an American private equity investor and sports team owner living in Dallas, Texas. ''Forbes'' magazine estimated Hicks' wealth at $1 billion in 2009, but it dropped to $700 million in 2010. Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst, previously owned 50% of the English football club Liverpool F.C., and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that formerly owned the Texas Rangers, the Dallas Stars, and the Mesquite Championship Rodeo. In 2010, Hicks was forced to sell the Rangers and Liverpool to satisfy his creditors, and the Stars went into bankruptcy the following year. Biography The son of a Texas radio station owner, Hicks was born in Port Arthur, Texas, and graduated from Thomas Jefferson High School, in Port Arthur, in 1964. Hicks received his bachelor's degree in finance from the University of Texas in 1968, and received his MBA from the Univer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomson Corporation
The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reuters. The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research and tax and accounting sectors. The company operated through five segments (2007 onwards): Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific and Thomson Tax & Accounting. Until 2007, Thomson was also a major worldwide provider of higher education textbooks, academic information solutions and reference materials. On 26 October 2006, Thomson announced the proposed sale of its Thomson Learning assets. In May 2007, Thomson Learning was acquired by Apax Partners and subsequently renamed Cengage Learning in July. The Thomson Learning brand was used to the end of August 2007. Subsequently ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Perelman
Ronald Owen Perelman (; born January 1, 1943) is an American banker, businessman and investor. MacAndrews & Forbes Incorporated, his company, has invested in companies with interests in groceries, cigars, licorice, makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing. Perelman holds significant shares in companies such as Deluxe Entertainment, Revlon, SIGA Technologies, RetailMeNot, Merisant, Scantron, Scientific Games Corporation, Valassis, vTv Therapeutics and Harland Clarke. He previously owned a majority of shares in AM General, but in 2020 sold the majority of his shares in AM General along with significant works of art, in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts. In early 2020, Revlon, acquired by Perelman in the 1980s, undertook a debt deal. Previously worth $19.8 billion in 2018, Perelman is, as of September 2020, worth $4.3 billion. Ear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New World Pictures
New World Pictures (also known as New World Entertainment and New World Communications Group, Inc.) was an American independent production, distribution, and (in its final years as an autonomous entity) multimedia company. It was founded in 1970 by Roger Corman and Gene Corman as New World Pictures, Ltd., a producer and distributor of motion pictures, eventually expanding into television production in 1984. New World eventually expanded into broadcasting with the acquisition of seven television stations in 1993, with the broadcasting unit expanding through additional purchases made during 1994. 20th Century Fox (then owned by News Corporation), controlled by Rupert Murdoch, became a major investor in 1994 and purchased the company outright in 1997; the alliance with Murdoch, particularly through a group affiliation agreement with New World reached between the two companies in May 1994, helped to cement the Fox network as the fourth major U.S. television network. Although effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairlift
An elevated passenger ropeway, or chairlift, is a type of aerial lift, which consists of a continuously circulating steel wire rope loop strung between two end terminals and usually over intermediate towers, carrying a series of chairs. They are the primary onhill transport at most ski areas (in such cases referred to as 'ski lifts'), but are also found at amusement parks, various tourist attractions, and increasingly in urban transport. Depending on carrier size and loading efficiency, a passenger ropeway can move up to 4000 people per hour, and the fastest lifts achieve operating speeds of up to or . The two-person double chair, which for many years was the workhorse of the ski industry, can move roughly 1200 people per hour at rope speeds of up to . The four person detachable chairlift ("high-speed quad") can transport 2400 people per hour with an average rope speed of . Some bi and tri cable elevated ropeways and reversible tramways achieve much greater operating speeds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beaver Creek Resort
Beaver Creek Resort is a major ski resort in the western United States, near Avon, Colorado. The resort comprises three villages, the main Beaver Creek Village, Bachelor Gulch, and Arrowhead to the west. The resort is owned and operated by Vail Resorts which operates multiple additional resorts. Beaver Creek is a regular host of World Cup events, usually in early December. History The valley that houses Beaver Creek Resort lies just south of Avon and was first settled in 1881. Many early pioneers moved to the area under President Abraham Lincoln’s Homestead Act (1862), farming hay and raising cattle to feed local miners. Beaver Creek remained a lightly populated farming area through the middle of the twentieth century. Beaver Creek Resort was envisioned in the 1950s by Earl Eaton, but it was not until the early 1970s that Pete Seibert tried to convince the Denver Organizing Committee to hold the 1976 Winter Olympics alpine events at the yet to be built ski resort. However ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vail Ski Resort
Vail Ski Resort is a ski resort in the western United States, located near the town of Vail in Eagle County, Colorado. At , it is the third-largest single-mountain ski resort in the U.S., behind Big Sky and Park City, featuring seven bowls and intermediate gladed terrain in Blue Sky Basin. Opened in late 1962, Vail is one of 37 mountain resorts owned and operated by Vail Resorts, which also operates three other nearby ski resorts ( Beaver Creek, Breckenridge, and Keystone). Vail Mountain has three sections: The Front-Side, Blue Sky Basin, and the Back Bowls. Most of the resort is wide open terrain with all types of trails. There are cruising runs accessible from most front side and Blue Sky Basin lifts, as well as the wide open Back Bowls, glades, and chutes. Vail has the fourth-largest area of skiable terrain in North America after Whistler Blackcomb, Park City Mountain Resort, and Big Sky. Vail Village is modeled on Bavarian village styles, with pedestrian streets. Unlik ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Communications Commission
The Federal Communications Commission (FCC) is an independent agency of the United States federal government that regulates communications by radio, television, wire, satellite, and cable across the United States. The FCC maintains jurisdiction over the areas of broadband access, fair competition, radio frequency use, media responsibility, public safety, and homeland security. The FCC was formed by the Communications Act of 1934 to replace the radio regulation functions of the Federal Radio Commission. The FCC took over wire communication regulation from the Interstate Commerce Commission. The FCC's mandated jurisdiction covers the 50 states, the District of Columbia, and the territories of the United States. The FCC also provides varied degrees of cooperation, oversight, and leadership for similar communications bodies in other countries of North America. The FCC is funded entirely by regulatory fees. It has an estimated fiscal-2022 budget of US $388 million. It has 1,482 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Junk Bonds
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic of 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. , the firm had completed more than 650 private equity investments in portfolio companies with approximately $675 billion of total enterprise value. , assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Storer Broadcasting
Storer Broadcasting, Inc. was an American company which owned several television and radio stations in the Northeastern United States. It was incorporated in Ohio 1927, and was broken up in 1986. History 1920s–1940s In 1927, George B. Storer and brother-in-law J. Harold Ryan founded Fort Industry Oil Company to build service stations for Speedene brand gasoline in the Toledo, Ohio area. Speedene sales were booming, thanks to a cost-cutting device implemented by the partners. They bypassed the cost of trucking gasoline to service stations by building the stations beside railroad sidings and sold their product at two or three cents a gallon under the going retail rate by filling their tanks directly from railroad tank cars. Storer decided to buy some radio spots on Toledo's radio station, WTAL, to advertise his gas stations. The spots were effective, and in 1928 Storer decided to use his wealth to buy a stake in the radio station as well."G. B. Storer Started Radio in 1928", '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
