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One-dollar Salary
A number of top executives in large businesses and governments have worked for a one-dollar salary. One-dollar salaries are used in situations where an executive wishes to work without direct compensation, but for legal reasons must receive a payment above zero, so as to distinguish them from a volunteer. The concept first emerged in the early 1900s, where various leaders of industry in the United States offered their services to the government during times of war. Later, in the late 1990s and early 2000s, many business executives began accepting one-dollar salaries—often in the case of struggling companies or startups—with the potential for further indirect earnings as the result of their ownership of stock. Dollar-a-year men In the early-to-mid-20th century, "dollar-a-year men" were business and government executives who helped the government mobilize and manage American industry during periods of war, notably World War I, World War II, and the Korean War. U.S. law forbids ...
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Herbert Hoover
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Great Depression in the United States. A self-made man who became rich as a mining engineer, Hoover led the Commission for Relief in Belgium, served as the director of the U.S. Food Administration, and served as the U.S. Secretary of Commerce. Hoover was born to a Quaker family in West Branch, Iowa, but he grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. He took a position with a London-based mining company working in Australia and China. He rapidly became a wealthy mining engineer. In 1914 at the outbreak of World War I, he organized and headed the Commission for Relief in Belgium, an international relief organization that provided food to occupied Belgium. When the U.S. entered the war in 191 ...
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Council Of National Defense
The Council of National Defense was a United States organization formed during World War I to coordinate resources and industry in support of the war effort, including the coordination of transportation, industrial and farm production, financial support for the war, and public morale. It was briefly revived for World War II to hold agencies such as National Defense Research Committee. Organizational history Establishment The Army appropriation for 1916 provided for the creation and funding of the Council of National Defense.Green, Walter G., ed., ''Electronic Encyclopaedia of Civil Defense and Emergency Management''"Council of National Defense and State Defense Councils," August 17, 2003, accessed May 9, 2011 The appropriation was $200,000. President Woodrow Wilson established it on August 24, 1916, because "The Country is best prepared for war when thoroughly prepared for peace." Members of some portions, such as the Medical Officers' Reserve Corps, which had existed previousl ...
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John Wilson McConnell
John Wilson McConnell (July 1, 1877 – November 6, 1963) was a Canadian sugar refiner, newspaper publisher, humanitarian and philanthropist in Quebec, Canada. Early life J.W. McConnell was born to a farming family in the Muskoka region of Ontario. He left home as a boy of fourteen to find employment in the city of Toronto, Ontario. His first job paid $3 a week, but as an employee at Standard Chemical Co., he worked his way up to a management position that eventually led to a transfer to Montreal in 1901. The then 23-year-old lived for a time in a room at the Montreal YMCA, an institution that he would later thank through his volunteering to help lead a successful fund-raising campaign. In 1905, he married Lily May Griffith. They had four children. St. Lawrence Sugar Although he had very limited education, McConnell was a principled and brilliant business visionary with a strong work ethic. Within a few years, he turned his savings into sizeable investments and, in 1912, he gai ...
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Minister Of Everything
Clarence Decatur Howe, (15 January 1886 – 31 December 1960) was an American-born Canadian engineer, businessman and Liberal Party politician. Howe served as a cabinet minister in the governments of prime ministers William Lyon Mackenzie King and Louis St. Laurent continuously from 1935 to 1957. He is credited with transforming the Canadian economy from agriculture-based to industrial. During the Second World War, his involvement in the war effort was so extensive that he was nicknamed the "Minister of Everything". Born in Massachusetts, Howe moved to Nova Scotia as a young adult to take up a professorship at Dalhousie University. After working for the Canadian government as an engineer, he began his own firm and became wealthy. In 1935, he was recruited as a Liberal candidate for the House of Commons of Canada by Mackenzie King. The Liberals won the election in a landslide and Howe won his seat. Mackenzie King appointed him to the Cabinet. There, he took major parts in m ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ...
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Doris Duke
Doris Duke (November 22, 1912 – October 28, 1993) was an American billionaire tobacco heiress, philanthropist, art collector, Horticulture, horticulturalist, and socialite. She was often called "the richest girl in the world". Her great wealth, luxurious lifestyle, and love life attracted significant press coverage, both during her life and after her death. Duke's passions varied wildly. Briefly a news correspondent in the 1940s, she also played jazz piano and learned to surf competitively. At her father's estate in Hillsborough Township, New Jersey, she created one of America's largest indoor botanical displays. She was also active in preserving more than 80 historic buildings in Newport, Rhode Island. Duke was close friends with former First Lady of the United States, First Lady Jacqueline Kennedy Onassis, and in 1968, when Duke created the Newport Restoration Foundation, Kennedy Onassis was appointed the vice president and championed the foundation. Her philanthropic work ...
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Petroleum Administration For Defense Districts
The United States is divided into five Petroleum Administration for Defense Districts, or PADDs. These were created during World War II under the Petroleum Administration for War to help organize the allocation of fuels derived from petroleum products, including gasoline and diesel (or "distillate") fuel. Today, these regions are still used for data collection purposes. The Petroleum Administration for War was established in 1942 by executive order, and abolished in 1946. The districts are now named for the later Petroleum Administration for Defense which existed during the Korean War. It was established by the Defense Production Act of 1950, then abolished in 1954, with its role taken over by the United States Department of the Interior's Oil and Gas Division. PAD Districts *PADD I (East Coast) is composed of the following three subdistricts: **Subdistrict A (New England): Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. **Subdistrict B (Central Atl ...
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National Recovery Administration
The National Recovery Administration (NRA) was a prime agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. The goal of the administration was to eliminate "cut throat competition" by bringing industry, labor, and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition". The codes intended both to help workers set minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed. The NRA, symbolized by the Blue Eagle, was popular with workers. Businesses that supported the NRA put the symbol in their shop windows and on their packages, though they did not always go along with the regulations entailed. Though membership of the NRA was voluntary, businesses that did not display ...
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Franklin D
Franklin may refer to: People * Franklin (given name) * Franklin (surname) * Franklin (class), a member of a historical English social class Places Australia * Franklin, Tasmania, a township * Division of Franklin, federal electoral division in Tasmania * Division of Franklin (state), state electoral division in Tasmania * Franklin, Australian Capital Territory, a suburb in the Canberra district of Gungahlin * Franklin River, river of Tasmania * Franklin Sound, waterway of Tasmania Canada * District of Franklin, a former district of the Northwest Territories * Franklin, Quebec, a municipality in the Montérégie region * Rural Municipality of Franklin, Manitoba * Franklin, Manitoba, an unincorporated community in the Rural Municipality of Rosedale, Manitoba * Franklin Glacier Complex, a volcano in southwestern British Columbia * Franklin Range, a mountain range on Vancouver Island, British Columbia * Franklin River (Vancouver Island), British Columbia * Franklin Strai ...
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Paul G
Paulo George Marques João (born March 31), better known by his stage name Paul G, is an Angolan urban pop and R&B singer-songwriter, producer and dancer. He began his career as a founding member of Angola's first worldly known rap group South Side Posse (SSP) alongside Big Nelo, Jeff Brown, and Kudi. Later, Paul G went on to produce and guide the career of Bruna Tatiana, making her the first contestant from Angola in the hit real life television show Big Brother Africa. The success of his productions and collaborations with other artists gave him the opportunity to visit the United States of America, where he met with music producer H. Gil Ingles, a founding member of XPOSURE Entertainment. That sealed his career as a solo artist with the production of the debut album "Transition". In 2009, Paul G released his debut album Transition, which contained the Kora-nominated hit "Freaking Me Out" that features hip-hop artist Alashus (aka C1), and the original version of MTV Base nomin ...
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Ashland Inc
Ashland Global Specialty Chemicals Inc. is an American chemical company which operates in more than 100 countries. Headquartered in Wilmington, Delaware, the company traces its roots back to the city of Ashland, Kentucky, where it was headquartered from 1924 to 1999. The company currently has five wholly owned divisions, which include Chemical Intermediates and Solvents, Composites, Industrial Specialties, Personal and Home Care, & Pharmaceuticals, Food and Beverage, and Agriculture. Until 2017, the company was the primary manufacturer of Valvoline. History Founding and early years Ashland was founded in 1924 as the Ashland Refining Company in Catlettsburg, Kentucky, by Paul G. Blazer. In October 1923, J. Fred Miles of the Swiss Oil Company of Lexington, Kentucky employed Paul G. Blazer and assigned him the task of locating, purchasing and operating a refinery in northeastern Kentucky. Blazer selected a location on the banks of the Big Sandy River approximately two miles sout ...
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