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Mack Rossoff
Mack Rossoff is an American financier and investment banker. He is Managing Director at GLC Advisors, LLC and the founder of Rossoff & Co., an independent financial advisory firm based in New York City. Rossoff has had a long career in investment banking, with over 39 years of experience. GLC Advisors and Rossoff & Co. operate in the United States and internationally. Career Rossoff started his career in 1982 with The First Boston Corporation, predecessor to Credit Suisse, where he advised Taft Broadcasting on acquisition of Gulf Broadcasting, Time Inc.’s acquisition of Scott Foresman & Co., Tri-Star Pictures on its initial public offering and Ted Turner on his junk bond offering.The New Generation of M&A Bankers. Lazere, Cathy (May,1989). ''Institutional Investors'', 23, 6, Page 180 At [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scott Foresman
Scott Foresman was an elementary educational publisher for PreK through Grade 6 in all subject areas. Its titles are now owned by Savvas Learning Company which formed from former Pearson Education K12 division. The old Glenview headquarters of Scott Foresman is empty as of August 2020, and Crain's Chicago Business reported that the broker hired to sell the property had missed a mortgage payment. Company history Scott Foresman and Company was founded in 1896 by Erastus Howard Scott, Editor and President; Hugh A. Foresman, Salesman and Secretary; and his brother, William Coates Foresman, Treasurer. However, the company's origins extend back several years earlier. Early years E. H. Scott started in business in 1889, when he and C. J. Albert of the Albert Teachers Agency formed a partnership, "Albert and Scott". During this early period, the company occupied less than in an office on Wabash Avenue in Chicago, Illinois. The company’s first publication was ''Bellum Helveticum'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia Sussex
Columbia Sussex is a privately owned hotel company based in Crestview Hills, Kentucky. The company, owned by the Yung family, owns and operates hotels in various parts of the United States. The current president and founder is William J. Yung III. Current portfolio , the company operates 40 hotels under 3 different major brands and many sub-brands consisting of 30 full-service Marriotts including 1 JW Marriott and 3 Renaissance Hotels and 1 limited service Courtyard by Marriott, 2 Hyatt Regency Hotels, 2 Westin Hotels, and 5 Hiltons including the Boulders Resort which is formerly a Waldorf Astoria property now operating under Hilton's Curio brand and 1 DoubleTree Hotel. The Westin Dawn Beach in Sint Maarten is currently not in operation due to damage from Hurricane Irma; however, the adjacent timeshare buildings have been repaired and re-opened in December 2018. Peak At its peak in 2007, Columbia Sussex owned 86 hotels with 32,604 rooms and 13 casinos. The majority of the portf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Finance
Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to Shareholder value, maximize or increase valuation (finance), shareholder value. Correspondingly, corporate finance comprises two main sub-disciplines. Capital budgeting is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with ownership equity, equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term business operations, operating balance of current assets and Current liability, current liabilities; the focus here is on managing cash, inventory, inventories, and short-term borrowing an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbarians At The Gate
''Barbarians at the Gate: The Fall of RJR Nabisco'' is a 1989 book about the leveraged buyout (LBO) of RJR Nabisco, written by investigative journalism, investigative journalists Bryan Burrough and John Helyar. The book is based upon a series of articles written by the authors for ''The Wall Street Journal''. The book was made into a 1993 made-for-TV movie by Home Box Office, HBO, also called ''Barbarians at the Gate (film), Barbarians at the Gate''. The book centers on F. Ross Johnson, the Chief Executive Officer, CEO of RJR Nabisco, who planned to buy out the rest of the Nabisco shareholders. Summary Those opposed to Johnson's bid for the company, Henry Kravis and his cousin George R. Roberts, were among the pioneers of the leveraged buyout (LBO). Kravis was the first person Johnson had talked to about doing the LBO and felt betrayed after learning that Johnson wanted to do the deal with another firm, American Express's former Lehman Brothers, Shearson Lehman Hutton division. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warner Communications
Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by Steve Ross as Warner Communications, and Time Warner was created in 1990, following a merger between Time Inc. and the original Warner Communications. The company has film, television and cable operations, with its assets including WarnerMedia Studios & Networks (consisting of the entertainment assets of Turner Broadcasting, HBO, and Cinemax as well as Warner Bros., which itself consists of the film, animation, television studios, the company's home entertainment division and Studio Distribution Services, its joint venture with Universal Pictures Home Entertainment, DC Comics, New Line Cinema, and, together with CBS Entertainment Group, through its Warner Bros. Entertainment subsidiary, a 50% interest in The CW television network); WarnerM ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federated Department Stores
Macy's, Inc. (originally Federated Department Stores, Inc.) is an American conglomerate holding company. Upon its establishment, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the following year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over the department store chain Macy's. With the acquisition of The May Department Stores Company in 2005, the regional nameplates were retired and replaced by the Macy's and Bloomingdale's brands nationwide by 2006. Ultimately, Federated itself was renamed Macy's, Inc. in 2007. Macy's, Inc., has been headquartered within Macy's Herald Square in New York City since 2020; beforehand, its headquarters was in Cincinnati, Ohio. While Federated had a long history of preserving brand identities in each of their markets since its incep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Campeau Corporation
Campeau Corporation was a Canadian real estate development and investment company founded by entrepreneur Robert Campeau. It was infamous from its ultimately unsuccessful acquisitions of American department store holding companies Allied Stores in 1986 and Federated Department Stores in 1988. The whole organization soon was mired in bankruptcy and spurred the decline of the regional department store. History Synonymous with its founder, Ottawa-based Campeau was able to construct both office complexes and residential subdivisions to accommodate Canada's rapidly expanding civil service. Campeau Corporation had two main rivals in the residential housing market: Assaly Construction Limited and Minto Developments Inc., the latter owned by the family of future Ottawa mayor Lorry Greenberg. For many years, it was city policy in Ottawa that buildings in the downtown core not be taller than the ''Peace Tower'' of the parliament buildings. Campeau found this rule to be unnecessary a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Perella
Joseph R. Perella (born September 20, 1941) is an American financier. Early life Perella was born in Newark, New Jersey, to an accountant. Perella attended Lehigh University on a full scholarship. During his time at Lehigh, Perella was a member of Phi Kappa Theta, Fraternity for men. Following his sophomore year at Lehigh, Perella took several years off before returning and graduating from the university in 1964 with a degree in accounting. After serving in the United States Air Force and the New Jersey Air National Guard from 1964 to 1970, he attended and graduated from Harvard Business School in May 1972 with a Masters in Business Administration. Career In the fall of 1972, he was hired as an associate at First Boston, where he worked in the mergers and acquisitions department. He remained with First Boston until 1988 when he teamed up with associate Bruce Wasserstein to create their own mergers and acquisitions advisory business as Wasserstein Perella & Co. Their company was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bruce Wasserstein
Bruce Jay Wasserstein (December 25, 1947 – October 14, 2009) was an American investment banker, businessman, and writer. He was a graduate of the McBurney School, University of Michigan, Harvard Business School, and Harvard Law School, and spent a year at the University of Cambridge. He was prominent in the mergers and acquisitions industry, credited with working on 1,000 transactions with a total value of approximately $250 billion. Early life Wasserstein was born and raised in Midwood, Brooklyn, New York, the son of Lola (née Schleifer) and Morris Wasserstein. His father, a Jewish immigrant from pre-World War II Poland, emigrated to New York City and started a ribbon company. His maternal grandfather was Simon Schleifer, a Jewish teacher in the yeshiva in Wloclawek, Poland who later emigrated to Paterson, New Jersey and became a Hebrew school principal. Wasserstein had four siblings: businesswoman Sandra Wasserstein Meyer; Pulitzer Prize-winning playwright Wendy Wasserste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Boston
: ''For the company after its acquisition by Credit Suisse, see Credit Suisse First Boston (known as CSFB and CS First Boston)'' The First Boston Corporation was a New York-based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1988. After the acquisition, it operated as an independent investment bank known as CS First Boston until 2006, when the company was fully integrated into Credit Suisse. In 2022, Credit Suisse revived the "First Boston" brand as part of an effort to spin out the business. History Founding The First Boston Corporation was created in 1932 as the investment banking arm of the First National Bank of Boston. It became an independent firm after passage of the Glass–Steagall Act, which required commercial banks to divest securities businesses in the wake of the 1929 stock market crash. First National Bank of Boston continued as a commercial bank, ultimately becoming part of Bank of America. The young First Boston investment b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
