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Paul Bilzerian
Paul Alec Bilzerian ( hy, Փօլ Պիլզերեան, born 1950) is an American businessman and corporate takeover specialist. Education and family Bilzerian was born in Miami, Florida but grew up in Worcester, Massachusetts in an Armenian American family. His father, a civil servant, and his mother later divorced, leading to troubled teenage years for Bilzerian; he would later describe himself as a "juvenile delinquent". Called into the principal's office of his high school one day in 1968 for violating the dress code by wearing blue jeans, Bilzerian responded by dropping out of school. However, after serving in the Vietnam War and earning a Vietnamese Gallantry Cross, Bronze Star Medal, and Army Commendation Medal, he went to college and earned a Bachelor of Arts with Honors in Political Science and graduated With Distinction from Stanford University in 1975. Bilzerian entered Harvard Business School that same year. He was unsure about his choice to attend, having passed on ...
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Stanford University
Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is considered among the most prestigious universities in the world. Stanford was founded in 1885 by Leland and Jane Stanford in memory of their only child, Leland Stanford Jr., who had died of typhoid fever at age 15 the previous year. Leland Stanford was a U.S. senator and former governor of California who made his fortune as a railroad tycoon. The school admitted its first students on October 1, 1891, as a coeducational and non-denominational institution. Stanford University struggled financially after the death of Leland Stanford in 1893 and again after much of the campus was damaged by the 1906 San Francisco earthquake. Following World War II, provost of Stanford Frederick Terman inspired and supported faculty and graduates' entrepreneu ...
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Saint Kitts And Nevis
Saint Kitts and Nevis (), officially the Federation of Saint Christopher and Nevis, is an island country and microstate consisting of the two islands of Saint Kitts and Nevis, both located in the West Indies, in the Leeward Islands chain of the Lesser Antilles. With 261 square kilometers of territory, and roughly 50,000 inhabitants, it is the smallest sovereign state in the Western Hemisphere, in both List of countries and dependencies by area, area and List of countries and dependencies by population, population, as well as the world's smallest sovereign federation. The country is a Commonwealth realm, with Charles, King of the United Kingdom, Charles III as Monarchy of Saint Kitts and Nevis, King and head of state. It is the only sovereign federation in the Caribbean. The capital city is Basseterre, located on the larger island of Saint Kitts. Basseterre is also the main port for passenger entry (via cruise ships) and cargo. The smaller island of Nevis lies approximately t ...
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Ivan Boesky
Ivan Frederick Boesky (born March 6, 1937) is a former American stock trader who became infamous for his prominent role in an insider trading scandal that occurred in the United States during the mid-1980s. He was charged and pled guilty to insider trading, was fined a record $100 million, served three years in prison and became an informant. Early life and education Boesky was born to a American Jews, Jewish familyHaaratz: "This Day in Jewish History / A masterful Wall Street con man is arrested - Ivan Boesky elevated insider trading to an art form. The police didn't see it that way, though." by David B. Green
Novemb ...
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Capital Gains Tax In The United States
In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long-term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate. Current law The United States taxes short-term capital gains at the same rate as it taxes ordinary income. Long-term capital gains are taxed at lower rates shown in the table below. (Qualified dividends receive the same preference.) However, taxpayers pay no tax on income covered by deductions: the standard deduction (for 2022: $12,950 for an individual return, $19,400 for heads of households, and $25,900 for a joint return), or more if the taxpayer has over that amount in itemized d ...
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Omnibus Budget Reconciliation Act Of 1987
The Omnibus Budget Reconciliation Act of 1987 (or OBRA-87.) was federal law that was enacted by the 100th United States Congress and signed into law by President Ronald Reagan. Specifics Title I: Agriculture and Related Programs *Subtitle A: Adjustments to Agricultural Commodity Programs *Subtitle B: Optional Acreage Diversion *Subtitle C: Farm Program Payments *Subtitle D: Rural Electrification Administration Programs *Subtitle E: Miscellaneous Title II: National Economic Commission Title III: Education Programs *Subtitle A: Guaranteed Student Loan Program Savings *Subtitle B: Sale of College Facilities and Housing Loans Title IV: Medicare, Medicaid, and Other Health-Related Programs *Subtitle A: Medicare *Subtitle B: Medicaid *Subtitle C: Nursing Home Reform *Subtitle D: Vaccine Compensation *Subtitle E: Rural Health Title V:Energy and Environment Programs *Subtitle A: Nuclear Waste Amendments *Subtitle B: Federal Onshore Oil and Gas Leasing Reform Act of 1987 *Subtitle C: ...
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Black Monday (1987)
Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time zone difference from other English-speaking countries. All of the twenty-three major world markets experienced a sharp decline in October 1987. When measured in United States dollars, eight markets declined by 20 to 29%, three by 30 to 39% (Malaysia, Mexico and New Zealand), and three by more than 40% (Hong Kong, Australia and Singapore). The least affected was Austria (a fall of 11.4%) while the most affected was Hong Kong with a drop of 45.8%. Out of twenty-three major industrial countries, nineteen had a decline greater than 20%. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression. The degree to which the stock market crashe ...
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Singer Corporation
Singer Corporation is an American manufacturer of consumer sewing machines, first established as I. M. Singer & Co. in 1851 by Isaac M. Singer with New York lawyer Edward C. Clark. Best known for its sewing machines, it was renamed Singer Manufacturing Company in 1865, then the Singer Company in 1963. It is based in La Vergne, Tennessee, near Nashville. Its first large factory for mass production was built in 1863 in Elizabeth, New Jersey. History Singer's original design was the first practical sewing machine for general domestic use. It incorporated the basic eye-pointed needle and lock stitch, developed by Elias Howe, who won a patent-infringement suit against Singer in 1854. Singer obtained in August 1851 for an improved sewing machine that included a circular feed wheel, thread controller, and power transmitted by gear wheels and shafting. Singer consolidated enough patents in the field to enable him to engage in mass production, and by 1860 his company was the la ...
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International Paper
The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee. History The company was incorporated January 31, 1898, upon the merger of 17 pulp and paper mills in the northeastern United States. Its founders and first two presidents were William Augustus Russell, who died suddenly in January 1899, and Hugh J. Chisholm. Philip Tell Dodge, president of the Mergenthaler Linotype Company, served as its chairman for 11 years. The invention of the Linotype dramatically increased the size of newspapers and the need for newsprint. The newly formed company supplied 60 percent of all newsprint in the country. Hudson River Mill The Hudson River Mill in Corinth, New York, where the Sacandaga River joins the Hudson River, was a pioneer in the development of the modern paper industry in the late 19th century. The first wood-based newsprint paper mill in ...
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Hammermill Paper Company
Hammermill Paper Company is an American paper manufacturer originally founded in 1898 as the Ernst R. Behrend Company. The company was purchased in 1986 by International Paper, International Paper Company, where the namesake survives as a brand of paper. History Hammermill Paper Company was founded in 1898 by the brothers Ernst, Otto, and Bernard Behrend and their father Moritz Behrend in Erie, Pennsylvania. Ernst served as President and Otto, secretary. Construction of their first paper mill, in Erie, began that same year. Behrend changed the name of the company before the first mill even opened in honor of his father's papermills in Germany. The company expanded by buying a mill in Oswego, New York, that was making copier paper exclusively for Xerox. In the 1960s, mills were acquired in Lock Haven, Pennsylvania and near Selma, Alabama. In 1962, they bought the Strathmore Paper Company. After a failed takeover by Paul Bilzerian and brothers William and Earle I. Mack (sons of ...
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Earle I
Earle may refer to: * Earle (given name) * Earle (surname) Places * Earle, Arkansas, a city in Crittenden County, Arkansas, US * Earle, Indiana, an unincorporated town in Vanderburgh County, Indiana, US * Earle, Northumberland, a settlement in Berwick-upon-Tweed, Northumberland, England * Naval Weapons Station Earle, a US Navy base on Sandy Hook Bay in New Jersey See also * * Earl Earl () is a rank of the nobility in the United Kingdom. The title originates in the Old English word ''eorl'', meaning "a man of noble birth or rank". The word is cognate with the Scandinavian form '' jarl'', and meant "chieftain", particula ... * Earles (other) {{disambiguation, geo ...
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WestPoint Home
WestPoint Home, Inc., is a supplier of fashion and core home textile products. WestPoint Home is headquartered in New York City with manufacturing and distribution facilities in the United States and overseas."WestPoint Home to Shutter Greenville, Ala., FacilityTextile World February 8, 2011, 11/17/11"WestPoint Stevens to Open Shanghai Office, Receives Filing Extension"Textile World June 2004, 11/17/11Brent Felgner"Why Icahn Needs Westpoint"Home Textiles Today March 6, 2008, 11/17/11 Their products include a diverse range of home fashion textile products including: towels, fashion bedding, sheets, comforters, blankets, mattress pads, pillows and more. Some brands that they offer include: Martex, Izod, Ralph Lauren, Hanes, Stay Bright, Vellux, Patrician, Lady Pepperell, and Utica Cotton Mills. Products from Westpoint Home are found in retail stores throughout the United States. WestPoint Home, Inc. as it is known today is the result of the mergers of three of the oldest compani ...
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Shareholder Rights Plan
A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover. In the field of mergers and acquisitions, shareholder rights plans were devised in the early 1980s as a way to prevent takeover bids by taking away a shareholder's right to negotiate a price for the sale of shares directly. Typically, such a plan gives shareholders the right to buy more shares at a discount if one shareholder buys a certain percentage or more of the company's shares. The plan could be triggered, for instance, if any one shareholder buys 20% of the company's shares, at which point every shareholder (except the one who possesses 20%) will have the right to buy a new issue of shares at a discount. If all other shareholders are able to buy more shares at a discount, such purchases would dilute the bidder's interest, and the cost of the bid would rise substantially. Knowing that such a plan could be activated, th ...
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