Mammoth Oil Company
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Mammoth Oil Company
Sinclair Oil Corporation was an American petroleum corporation, founded by Harry F. Sinclair on May 1, 1916, the Sinclair Oil and Refining Corporation combined, amalgamated, the assets of 11 small petroleum companies. Originally a New York corporation, Sinclair Oil reincorporated in Wyoming in 1976. The corporation's logo featured the silhouette of a large green sauropod dinosaur, based on the then-common idea that oil deposits beneath the earth came from the dead bodies of dinosaurs. It was ranked on the list of largest privately owned American corporations. It owned and operated refineries, gas stations, hotels, a ski resort, and a cattle ranch. History Sinclair has long been a fixture on American roads with its dinosaur logo and mascot, a ''Brontosaurus''. 1916–1969 During September 1919, Harry Sinclair restructured Sinclair Oil and Refining Corporation, Sinclair Gulf Corporation, and 26 other related entities into Sinclair Consolidated Oil Corporation. In 1932, this ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Brontosaurus
''Brontosaurus'' (; meaning "thunder lizard" from Greek , "thunder" and , "lizard") is a genus of gigantic quadruped sauropod dinosaurs. Although the type species, ''B. excelsus'', had long been considered a species of the closely related ''Apatosaurus'' and therefore invalid, researchers proposed in 2015 that ''Brontosaurus'' is a genus separate from ''Apatosaurus'' and that it contains three species: ''B. excelsus'', ''B. yahnahpin'', and ''B. parvus''. ''Brontosaurus'' had a long, thin neck and a small head adapted for a herbivorous lifestyle, a bulky, heavy torso, and a long, whip-like tail. The various species lived during the Late Jurassic epoch, in the Morrison Formation of what is now North America, and were extinct by the end of the Jurassic.Foster, J. (2007). ''Jurassic West: The Dinosaurs of the Morrison Formation and Their World''. Indiana University Press. 389pp. Adult individuals of ''Brontosaurus'' are estimated to have measured up to long and weighed up to . ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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