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Richard J. Ferris
Richard Jesse Ferris (August 31, 1936 – January 16, 2022) was an American business executive who served as the CEO of UAL Corporation, the former holding company of United Airlines, and was later the co-owner of the Pebble Beach Golf Links in Monterey County, California. During his time as the CEO of UAL Corporation, he helped restructure the company into a travel industry conglomerate called the Allegis Corporation, which combined the assets of United Airlines, The Hertz Corporation, Westin Hotels, Hilton International, and the Apollo Reservation System. Early life and education Ferris was born in Sacramento, California, on August 31, 1936. His father was an insurance salesman. He served three years in the United States Army after the Second World War, and spent time in Japan managing an army officers' club in Tokyo before returning to the states to graduate with a hotel management degree from Cornell University in 1962. Career Ferris started his career with Western ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sacramento, California
) , image_map = Sacramento County California Incorporated and Unincorporated areas Sacramento Highlighted.svg , mapsize = 250x200px , map_caption = Location within Sacramento County in California , pushpin_map = California#USA , pushpin_label = Sacramento , pushpin_map_caption = Location within California##Location in the United States , pushpin_relief = yes , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = U.S. state, State , subdivision_name1 = California , subdivision_type2 = List of counties in California, County , subdivision_name2 = Sacramento County, California, Sacramento ---- , subdivision_type3 = List of regions of California, Region ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Carlson
Edward Carlson (June 4, 1911 – April 3, 1990), was an American hotel and airline executive, and Seattle, Washington civic leader.Carlson, Edward "Eddie" E. (1911-1990) on . Retrieved 2009-10-06. Carlson was born in . As a youth, he helped his single mother make ends meet by working as a gas station attendant, as well as other odd jobs. Carlson entered the |
Peter Ueberroth
Peter Victor Ueberroth (; born September 2, 1937) is an American sports and business executive known for his involvement in the Olympics and in Major League Baseball. A Los Angeles-based businessman, he was the chairman of the Los Angeles Olympic Organizing Committee which brought the games to Los Angeles in 1984. Ueberroth was named 1984's Time Man of the Year, ''Time'' Man of the Year for his success in organizing the Olympic games. After the conclusion of the games, he was named as the sixth Commissioner of Baseball, a role he held from 1984 to 1989. He later served as the chairman of the United States Olympic Committee from 2004 to 2008. Early life Ueberroth was born in Evanston, Illinois, the son of Laura (Larson) and Victor Ueberroth. His father was of German and Austrian descent, and his mother was of Swedish and Irish ancestry. He caddied at Sunset Ridge Country Club, in Northfield, Illinois. He grew up in northern California. While attending Fremont High School (Sunn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover Bid
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Synergy
Corporate synergy refers to a financial benefit that a corporation expects to realize when it merges with or acquires another corporation. Corporate synergy occurs when corporations interact congruently with one another, creating additional value. Synergies are divided into two groups: operational (revenue enhancement and cost reduction) and financial (decrease in cost of capital, tax benefits). Seeking for synergies is a nearly ubiquitous feature and motivation of corporate mergers and acquisitions and is an important negotiating point between the buyer and seller that impacts the final price both parties agree to. The synergy value should not be confused with the control premium; these metrics should be calculated separately. Positive synergies arise when the combined corporation will bring about better results than the two independent corporations, as in the saying "the whole is better than the sum of the parts". If the corporations do not do due diligence, negative synergies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Dilution
Stock dilution, also known as equity dilution, is the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new equity. New equity increases the total shares outstanding which has a dilutive effect on the ownership percentage of existing shareholders. This increase in the number of shares outstanding can result from a primary market offering (including an initial public offering), employees exercising stock options, or by issuance or conversion of convertible bonds, preferred shares or warrants into stock. This dilution can shift fundamental positions of the stock such as ownership percentage, voting control, earnings per share, and the value of individual shares. Control dilution Control dilution describes the reduction in ownership percentage or loss of a controlling share of an investment's stock. Many venture capital contracts contain an anti-dilution provision in favor of the original investors, to protect their equity inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Convertible Note
In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering. Convertible bonds are most often issued by companies with a low credit rating and high growth potential. Convertible bonds are also considered debt security because the companies agree to give fixed or floating interest rate as they do in common bonds for the funds of investor. To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the poten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Boeing Company
The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. The Boeing Company's corporate headquarters is in Chicago, Illi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilton Hotels & Resorts
Hilton Hotels & Resorts (formerly known as Hilton Hotels) is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton Worldwide, Hilton. The original company was founded by Conrad Hilton. As of December 30, 2019, 584 Hilton Hotels & Resorts properties with 216,379 rooms in 94 countries and territories are located across six continents. This includes 61 properties that are owned or leased with 219,264 rooms, 272 that are managed with 119,612 rooms, and 251 that are franchised with 77,451 rooms. In 2020, ''Fortune (magazine), Fortune'' magazine ranked Hilton Hotels & Resorts at number one on their ''Fortune'' List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction. Overview Hilton Hotels & Resorts is Hilton's flagship brand and one of the largest hotel brands in the world. The brand is targeted at both business and leisure travelers with locations in major city cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Activist Investing
An activist shareholder is a shareholder who uses an equity stake in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In comparison, a full takeover bid is a much more costly and difficult undertaking. The goals of activist shareholders range from financial (increase of shareholder value through changes in corporate policy, cost cutting, etc.) to non-financial (disinvestment from particular countries, etc.). Shareholder activists can address self-dealing by corporate insiders, although large stockholders can also engage in self-dealing to themselves at the expense of smaller minority shareholders. According to research firm ''Insightia,'' a total of 810 listed companies globally were publicly subjected to activist demands in 2020, down from 896 in 2019. Shareholder activism can take any of several forms: proxy battles, publicity campaigns, shareholder resolutions, litigation, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allegis
UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. UAL held a 100 percent controlling interest in United Airlines, Inc., one of the world's largest air carriers, and is a founding member of the Star Alliance. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. UAL Corp. passed to its successor its major operations at Chicago-O'Hare, Denver, Los Angeles, San Francisco, and Washington-Dulles. UAL's United Airlines, Inc. held several key air rights, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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