Pilot Corporation
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Pilot Corporation
Pilot Company (or simply Pilot) is an American petroleum corporation headquartered in Knoxville, Tennessee. Pilot operates the Pilot Food Mart convenience stores in Tennessee. Along with Berkshire Hathaway and FJ Management, Pilot is joint-owner of Pilot Flying J, the largest truck stop chain in the United States. History Pilot Company was founded by James Haslam Jr. in Weber City, Virginia when Haslam purchased an existing gasoline station and opened it on November 20, 1958. By 1965, Pilot owned 12 stations, and was selling 5 million gallons of fuel yearly. Pilot built its first convenience store in 1976, and converted the rest of its locations into convenience stores. In 1981, Pilot built its first travel center, and has focused on that aspect of its business ever since. 1988 saw Pilot begin its concentration on expanding its travel center network in a nationwide presence. Also in 1988, Pilot opened its first travel center with a fast food restaurant inside. On September 1, ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Berkshire Hathaway
Berkshire Hathaway Inc. () is an American Multinational corporation, multinational conglomerate (company), conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, Rail transport, ...
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Hurricane Ike
Hurricane Ike () was a powerful tropical cyclone that swept through portions of the Greater Antilles and Northern America in September 2008, wreaking havoc on infrastructure and agriculture, particularly in Cuba and Texas. Ike took a similar track to the 1900 Galveston hurricane. The ninth tropical storm, fifth hurricane, and third major hurricane of the 2008 Atlantic hurricane season, Ike developed from a tropical wave west of Cape Verde on September 1 and strengthened to a peak intensity as a Category 4 hurricane over the open waters of the central Atlantic on September 4 as it tracked westward. Several fluctuations in strength occurred before Ike made landfall on eastern Cuba on September 8. The hurricane weakened prior to continuing into the Gulf of Mexico, but increased its intensity by the time of its final landfall in Galveston, Texas, on September 13 before becoming an extratropical storm on September 14. The remnants of Ike co ...
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Price Gouging
Price gouging is a pejorative term used to describe the situation when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. This term is commonly used to describe price increases of basic necessities after natural disasters. In legal usage, price gouging is the name of a crime that applies in some jurisdictions of the United States during civil emergencies. In less precise usage, the term can also be used to refer to profits obtained by practices inconsistent with a competitive free market, or to windfall profits. Price gouging is considered by some to be exploitative and unethical. The term is similar to profiteering but can be distinguished by being short-term and localized and by being restricted to essentials such as food, clothing, shelter, medicine, and equipment needed to preserve life and property. In jurisdictions where there is no such ...
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Subpoena
A subpoena (; also subpœna, supenna or subpena) or witness summons is a writ issued by a government agency, most often a court, to compel testimony by a witness or production of evidence under a penalty for failure. There are two common types of subpoenas: # ''subpoena ad testificandum'' orders a person to testify before the ordering authority or face punishment. The subpoena can also request the testimony to be given by phone or in person. # ''subpoena duces tecum'' orders a person or organization to bring physical evidence before the ordering authority or face punishment. This is often used for requests to mail copies of documents to requesting party or directly to court. Etymology The term ''subpoena'' is from the Middle English ''suppena'' and the Latin phrase ''sub poena'' meaning "under penalty". It is also spelled "subpena".See, e.g., ; ; ; and . The subpoena has its source in English common law and it is now used almost with universal application throughout the English co ...
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Bill McCollum
Ira William McCollum Jr. (born July 12, 1944) is an American lawyer and Republican Party politician. He was a member of the United States House of Representatives from 1981 to 2001, representing Florida's 5th congressional district, which was later redistricted to the 8th congressional district in 1993. As a member of the House, McCollum rose to become Vice Chairman of the House Republican Conference, the fifth-highest ranking position in the House Republican leadership. He voted to impeach President Bill Clinton and subsequently took a leadership role in managing Clinton's trial in the Senate, which ended in acquittal. McCollum was the Republican nominee for the United States Senate in 2000, hoping to replace the retiring Republican Connie Mack III, losing to Democratic nominee Bill Nelson. McCollum ran for the Republican nomination for the U.S. Senate again in 2004 but lost to Mel Martínez. In 2006 he was elected Florida Attorney General and in 2010 he was an unsuccessfu ...
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Florida Attorney General
The Florida attorney general is an elected cabinet official in the U.S. state of Florida. The attorney general serves as the chief legal officer of the state and is head of the Florida Department of Legal Affairs. The office is one of Florida's three elected state cabinet posts, along with the chief financial officer and agriculture commissioner. The current attorney general is Republican Ashley Moody, who took office on January 8, 2019. Election and terms of office As with other elected statewide offices in Florida, the attorney general is limited to serving two consecutive four-year terms. The attorney general appoints the Florida solicitor general who serves at his or her pleasure. The current solicitor is Amit Agarwal. The attorney general is second (behind the lieutenant governor) in the line of succession to the office of Governor of Florida. Removal from office The Florida attorney general can be impeached for committing a "misdemeanor in office" by the State ...
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Flying J (1968–2010)
:''This is about the legacy Flying J Inc., which remains in operation as FJ Management Inc. For the current truck stop chain, see Pilot Flying J.'' FJ Management Inc.,http://www.flyingj.com/flyingjPortalWebProject/flyingjPortal.portal?_nfpb=true&_pageLabel=flyingjPortal_portal_page_26_page_27&_subpage=21 formerly known as Flying J Inc., is a privately held American corporation which operates convenience stores, oil & refining, banking, and insurance businesses. Along with Pilot Corporation and Berkshire Hathaway, it is a joint-owner of Pilot Flying J (the largest truck stop chain in the United States), and Maverik convenience stores. History The company was founded in 1968 by O. Jay Call and headquartered in Ogden, Utah. A lifelong fan of aviation, Call named it Flying J in honor of the aviation industry. Mr. Call, his wife, Irene, and Richard "Buzz" Germer died while piloting a Cessna Citation en route to Sun Valley in March 2003. The company ranked 13th on ''Forbes'' 2009 lis ...
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Marathon Petroleum Company
The marathon is a long-distance foot race with a distance of , usually run as a road race, but the distance can be covered on trail routes. The marathon can be completed by running or with a run/walk strategy. There are also wheelchair divisions. More than 800 marathons are held throughout the world each year, with the vast majority of competitors being recreational athletes, as larger marathons can have tens of thousands of participants. The marathon was one of the original modern Olympic events in 1896. The distance did not become standardized until 1921. The distance is also included in the World Athletics Championships, which began in 1983. It is the only running road race included in both championship competitions (walking races on the roads are also contested in both). History Origin The name ''Marathon'' comes from the legend of Philippides (or Pheidippides), the Greek messenger. The legend states that, while he was taking part in the Battle of Marathon, whic ...
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Fast Food Restaurant
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast-food cuisine and has minimal table service. The food served in fast-food restaurants is typically part of a " meat-sweet diet", offered from a limited menu, cooked in bulk in advance and kept hot, finished and packaged to order, and usually available for take away, though seating may be provided. Fast-food restaurants are typically part of a restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. The term "fast food" was recognized in a dictionary by Merriam–Webster in 1951. Arguably, the first fast-food restaurants originated in the United States with White Castle in 1921. Today, American-founded fast-food chains such as McDonald's (est. 1940) and KFC (est. 1952) are multinational corporations with outlets a ...
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Pilot Travel Centers
Pilot Travel Centers LLC, doing business as Pilot Flying J, is a North American chain of truck stops in the United States and Canada. The company is based in Knoxville, Tennessee, where Pilot Corporation, the majority owner, is based. The company is owned by Pilot, FJ Management, and Berkshire Hathaway. The company operates truck stops under the Pilot Travel Centers, Flying J Travel Plaza, and Mr. Fuel brands. History Pilot Corporation opened its first truck stop in 1981. On November 15, 1993, Pilot entered a joint venture with Marathon Petroleum Company, and all Pilot Truck Stops were renamed Pilot Travel Centers. At its inception, the number of stops was around 60; however, that was to be short-lived. In the next few years, Pilot Travel Centers experienced significant growth. Marathon converted many Speedway LLC, Speedway truck stops, wholly owned by Marathon, over to the Pilot Travel Center moniker starting in mid-2002. Midway through 2003, another major expansion occurred wit ...
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Weber City, Virginia
Weber City is an incorporated town in Scott County, Virginia, Scott County, Virginia, United States. The population was 1,327 at the 2010 census. It is part of the Kingsport, Tennessee, Kingsport–Bristol, Tennessee, Bristol (TN)–Bristol, Virginia, Bristol (VA) Kingsport-Bristol-Bristol, TN-VA MSA, Metropolitan Statistical Area, which is a component of the Johnson City, Tennessee, Johnson City–Kingsport–Bristol, Tennessee, TN-VA Combined Statistical Area – commonly known as the "Tri-Cities, Tennessee, Tri-Cities" region. Name Weber City is unique in how it received its name. The area was known as "Moccasin Gap" after the local gap that U.S. Route 23, US 23 runs through. Local businessman Frank Parker Sr. heard the future name on the ''Amos 'n' Andy'' radio show during a skit involving the upscale real estate development of "Weber City." As a joke, Parker erected a sign outside his service station on US 23 that read "Welcome to Weber City." However, ...
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