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Reginald Lewis
Reginald F. Lewis (December 7, 1942 – January 19, 1993), was an American businessman. He was one of the richest black American men in the 1980s, and the first black American to build a billion-dollar company, TLC Beatrice International Holdings Inc. In 1993, ''Forbes'' listed Lewis among the 400 richest Americans, with a net worth estimated at $400 million dollars. Biography Early life Born in Baltimore, Maryland, Lewis grew up in a middle-class neighborhood. He won a football scholarship to Virginia State University (VSU) and joined the Alpha Phi Chapter of Kappa Alpha Psi while an undergraduate student. After graduating from VSU with a degree in political science in 1965, he took part in a summer program at Harvard set up by the Rockefeller Foundation that introduced African Americans to the study of law. While there, he made such an impression that Harvard invited him to attend school that fall. At the time, this made him the only person in the 148 year history of Ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltimore
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' is an American multinational corporation, multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time (magazine), Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loida Nicolas Lewis
Loida Nicolas Lewis (born 1942) is a Filipino-born American businesswoman who is the widow of TLC Beatrice founder and CEO Reginald Lewis. She currently resides in New York City. Early life and education Lewis was born and raised in Sorsogon, Sorsogon, the daughter of Francisco Nicolas and Magdalena Mañalac. Her sister, Imelda, was the former Lead Convenor of the National Anti-Poverty Commission during the administration of Gloria Macapagal-Arroyo and Chairperson of the Commission on Filipinos Overseas during the administration of Benigno Aquino III. She earned her B.A. in Humanities from St. Theresa's College Manila, and her Bachelor of Laws (LL. B.) from the University of the Philippines - Diliman. She placed 7th in the bar exams conducted in 1968. In 1974, she became the first Asian woman to pass the NY Bar, making her eligible to practice law in both the Philippines and in the United States. Lewis began to work for the Law Students Civil Research Council in New Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brain Cancer
A brain tumor occurs when abnormal cells form within the brain. There are two main types of tumors: malignant tumors and benign (non-cancerous) tumors. These can be further classified as primary tumors, which start within the brain, and secondary tumors, which most commonly have spread from tumors located outside the brain, known as brain metastasis tumors. All types of brain tumors may produce symptoms that vary depending on the size of the tumor and the part of the brain that is involved. Where symptoms exist, they may include headaches, seizures, problems with vision, vomiting and mental changes. Other symptoms may include difficulty walking, speaking, with sensations, or unconsciousness. The cause of most brain tumors is unknown. Uncommon risk factors include exposure to vinyl chloride, Epstein–Barr virus, ionizing radiation, and inherited syndromes such as neurofibromatosis, tuberous sclerosis, and von Hippel-Lindau Disease. Studies on mobile phone exposure have not s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smithsonian Affiliations
Smithsonian Affiliations is a division of the Smithsonian Institution that establishes long-term partnerships with non-Smithsonian museums and educational and cultural organizations in order to share collections, exhibitions and educational strategies and conduct joint research. Partner organizations are known as "Smithsonian Affiliates" and are allowed to use the tag line "In Association with the Smithsonian Institution" and the approved Smithsonian Affiliations logo on their website, programming, and marketing material. Any 501(c)(3) nonprofit or publicly operated educational entity can apply to become a Smithsonian Affiliate. History The Smithsonian Affiliations program was established in 1996 by Smithsonian Secretary I. Michael Heyman with the approval of the Smithsonian Board of Regents, in response to several challenges the Institution faced at the time: a decrease in federal funding, limited storage space for expanding collections, and the need to make the Institution mor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reginald F
Reginald is a masculine given name in the English language. Etymology and history The meaning of Reginald is “King". The name is derived from the Latin ''Reginaldus'', which has been influenced by the Latin word ''regina'', meaning "queen". This Latin name is a Latinisation of a Germanic language name. This Germanic name is composed of two elements: the first ''ragin'', meaning "advice", "counsel", "decision"; the second element is ''wald'', meaning "rule", "ruler". The Old German form of the name is ''Raginald''; Old French forms are ''Reinald'' and ''Reynaud''. Forms of this Germanic name were first brought to the British Isles by Scandinavians, in the form of the Old Norse ''Rögnvaldr''. This name was later reinforced by the arrival of the Normans in the 11th century, in the Norman forms ''Reinald'' and ''Reynaud''. which cited: for the surname "Reynold". The Latin ''Reginaldus'' was used as a Latin form of cognate names, such as the Old Norse ''Rögnvaldr'', and the Gae ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard University
Howard University (Howard) is a private, federally chartered historically black research university in Washington, D.C. It is classified among "R2: Doctoral Universities – High research activity" and accredited by the Middle States Commission on Higher Education. Tracing its history to 1867, from its outset Howard has been nonsectarian and open to people of all sexes and races. It offers undergraduate, graduate and professional degrees in more than 120 programs, more than any other historically black college or university (HBCU) in the nation. History 19th century Shortly after the end of the American Civil War, members of the First Congregational Society of Washington considered establishing a theological seminary for the education of black clergymen. Within a few weeks, the project expanded to include a provision for establishing a university. Within two years, the university consisted of the colleges of liberal arts and medicine. The new institution was named for Gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drexel Burnham Lambert
Drexel Burnham Lambert was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States. The firm had its most profitable fiscal year in 1986, netting $545.5 million—at the time, the most profitable year ever for a Wall Street firm, and equivalent to $ billion in . Milken, who was Drexel's head of high-yield securities, was paid $295 million, the highest salary that an employee in the modern history of the world has ever received. The firm's aggressive culture led many Drexel employees to stray into unethical, and sometimes illegal, conduct. Milken and his colleagues at the high-yield bond department believed the securities laws hindered the free flow of trade. Eventually, Drexel's excessive ambition led it to abuse the junk bond market a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beatrice Foods
Beatrice Foods Company was a major American food processing company founded in 1894. In 1987, its international food operations were sold to Reginald Lewis, a corporate attorney, creating TLC Beatrice International, after which the majority of its domestic (U.S.) brands and assets were acquired by KKR, with the bulk of its holdings sold off. By 1990, the remaining operations were ultimately acquired by ConAgra Foods. History Early years 1894-1912 The Beatrice Creamery Company was founded in 1894 by George Everett Haskell and William W. Bosworth, by leasing the factory of a bankrupt firm of the same name located in Beatrice, Nebraska. At the time, they purchased butter, milk, and eggs from local farmers and graded them for resale. They promptly began separating the butter themselves at their plant, making their own butter on site and packaging and distributing it under their own label. They devised special protective packages and distributed them to grocery stores and restau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Boston
: ''For the company after its acquisition by Credit Suisse, see Credit Suisse First Boston (known as CSFB and CS First Boston)'' The First Boston Corporation was a New York-based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1988. After the acquisition, it operated as an independent investment bank known as CS First Boston until 2006, when the company was fully integrated into Credit Suisse. In 2022, Credit Suisse revived the "First Boston" brand as part of an effort to spin out the business. History Founding The First Boston Corporation was created in 1932 as the investment banking arm of the First National Bank of Boston. It became an independent firm after passage of the Glass–Steagall Act, which required commercial banks to divest securities businesses in the wake of the 1929 stock market crash. First National Bank of Boston continued as a commercial bank, ultimately becoming part of Bank of America. The young First Boston investment b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simplicity Pattern
The Simplicity Pattern Company is a manufacturer of sewing pattern guides, under the "Simplicity Pattern", "It's So Easy" and "New Look" brands. The company was founded in 1927 in New York City. During the Great Depression, Simplicity allowed home seamstresses to create fashionable clothing in a reliable manner. The patterns are manufactured in the US but are distributed and sold in Canada, England, and Australia, in some markets by Burda and in Mexico and South Africa by third-party distributors. The company licenses its name to the manufacture of non-textile materials such as sewing machines, doll house kits, and sewing supplies. Simplicity is now owned by CSS Industries. History James J. Shapiro (1909–1995) founded the Simplicity Pattern Company in 1927 and was its first president. The company was based on an idea of his father's, Joseph M. Shapiro (1888 Russia—1968 California), a magazine ad salesman. The company at one point was considered part of the NYSE Nifty Fifty stoc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
