Scott L. Probasco, Jr.
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Scott L. Probasco, Jr.
Scott Livingston "Scotty" Probasco, Jr. (November 26, 1928 – April 17, 2015) was an American heir, businessman and philanthropist.Dean W. Arnold, ''Old Money, New South: The Spirit of Chattanooga'', 200/ref> Early life Scotty Probasco was born in Chattanooga, Tennessee on November 26, 1928. His family has been involved in banking for ten generations. His grandfather, Harry Scott Probasco (1858-1919), founded the American National Bank, and his father, Scott L. Probasco, Sr. (1890-1962), founded a trust company ultimately bought by SunTrust Banks. Probasco had said that the "Probasco" family were originally Jews from Madrid, Spain who immigrated to the Netherlands and converted to Protestantism; then in the 1600s, they immigrated to the U.S. Both his father and grandfather attended the First Presbyterian Church of Chattanooga, and were devout followers of Christ. Probasco attended the Baylor School, where he played on the golf team. He received a Bachelor of Arts degree ...
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Chattanooga, Tennessee
Chattanooga ( ) is a city in and the county seat of Hamilton County, Tennessee, United States. Located along the Tennessee River bordering Georgia, it also extends into Marion County on its western end. With a population of 181,099 in 2020, it is Tennessee's fourth-largest city and one of the two principal cities of East Tennessee, along with Knoxville. It anchors the Chattanooga metropolitan area, Tennessee's fourth-largest metropolitan statistical area, as well as a larger three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama. Chattanooga was a crucial city during the American Civil War, due to the multiple railroads that converge there. After the war, the railroads allowed for the city to grow into one of the Southeastern United States' largest heavy industrial hubs. Today, major industry that drives the economy includes automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ...
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Honduras
Honduras, officially the Republic of Honduras, is a country in Central America. The republic of Honduras is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Its capital and largest city is Tegucigalpa. Honduras was home to several important Mesoamerican cultures, most notably the Maya, before the Spanish Colonization in the sixteenth century. The Spanish introduced Catholicism and the now predominant Spanish language, along with numerous customs that have blended with the indigenous culture. Honduras became independent in 1821 and has since been a republic, although it has consistently endured much social strife and political instability, and remains one of the poorest countries in the Western Hemisphere. In 1960, the northern part of what was the Mosquito Coast was transferred from Nicara ...
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Coca-Cola Enterprises
Coca-Cola Enterprises was a marketer, producer, and distributor of Coca-Cola products. It was formerly the anchor bottler for Western Europe and most of North America. Coca-Cola Enterprises' products included Coca-Cola, Diet Coke, Coke Zero, Sprite, Fanta, Capri-Sun, Dr Pepper, Chaudfontaine, Schweppes, Monster and Relentless. History The Coca-Cola Company decided to consolidate the many independent bottling groups in the Coca-Cola System. Previously, independent businesses in remote geographic areas bottled Coca-Cola products and distributed the merchandise to stores. In 1980, Coca-Cola acquired the Coca-Cola Bottling Company of New York for $215 million. In 1982, Coca-Cola acquired the Associated Coca-Cola Bottling Company for $417.5 million. In 1986, Coca-Cola acquired the bottling operations of Beatrice Foods and the bottling operations of the Lupton family. Coca-Cola Enterprises Inc. was spun off from The Coca-Cola Company in 1986. After buying these bottlers, Coca- ...
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Coca-Cola
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlanta, Georgia. In 1888, Pemberton sold Coca-Cola's ownership rights to Asa Griggs Candler, a businessman, whose marketing tactics led Coca-Cola to its dominance of the global soft-drink market throughout the 20th and 21st century. The drink's name refers to two of its original ingredients: coca leaves and kola nuts (a source of caffeine). The current formula of Coca-Cola remains a closely guarded trade secret; however, a variety of reported recipes and experimental recreations have been published. The secrecy around the formula has been used by Coca-Cola in its marketing as only a handful of anonymous employees know the formula. The drink has inspired imitators and created a whole classification of soft drink: colas. The Coca-Cola Company p ...
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John T
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Joh ...
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Krystal (restaurant)
Krystal is an American regional fast food restaurant chain headquartered in Dunwoody, Georgia, with restaurants in the Southeastern United States and Puerto Rico. It is known for its small, square hamburgers, called sliders in places other than the Southeast, with steamed-in onions. Krystal moved its headquarters from Chattanooga, Tennessee, where it had been based since 1932, to the Atlanta suburb of Dunwoody in early 2013. History Founded on October 24, 1932, in Chattanooga, Tennessee, during the first years of the Great Depression, entrepreneur Rody Davenport Jr. and partner J. Glenn Sherrill theorized that even in a severe economic upheaval, "People would patronize a restaurant that was kept spotlessly clean, where they could get a good meal with courteous service at the lowest possible price." The restaurant's first customer, French Jenkins, ordered six "Krystals" and a cup of coffee, all for the price of 35¢, thus proving their theory true. Davenport had visited C ...
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Lookout Mountain, Tennessee
Lookout Mountain is a town in Hamilton County, Tennessee, United States. The population was 2,058 at the 2020 census. Bordering its sister city of Lookout Mountain, Georgia to the south, Lookout Mountain is part of the Chattanooga, TN– GA Metropolitan Statistical Area. Geography Lookout Mountain is located at (34.996442, -85.350810). According to the United States Census Bureau, the town has a total area of 1.3 square miles (3.3 km2), all of it land. Demographics 2020 census As of the 2020 United States census, there were 2,058 people, 737 households, and 557 families residing in the town. 2000 census As of the census of 2000, there were 2,000 people, 791 households, and 586 families residing in the town. The population density was . There were 836 housing units at an average density of . The racial makeup of the town was 96.90% White, 2.10% African American, 0.05% Native American, 0.50% Asian, 0.10% Pacific Islander, 0.05% from other races, and 0.30% from ...
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Knoxville News Sentinel
The ''Knoxville News Sentinel, also known as Knox News,'' is a daily newspaper in Knoxville, Tennessee, United States, owned by the Gannett Company. History The newspaper was formed in 1926 from the merger of two competing newspapers: ''The Knoxville News'' and ''The Knoxville Sentinel''. John Trevis Hearn began publishing ''The Sentinel'' in December 1886, while ''The News'' was started in 1921 by Robert P. Scripps and Roy W. Howard. The two merged in 1926, with the first edition of ''The Knoxville News-Sentinel'' appearing on November 22 of that year. The editor from 1921 to 1931, Edward J. Meeman, later was sent to Memphis to edit the since defunct ''Memphis Press-Scimitar''. In 1986, the ''News-Sentinel'' became a morning paper, with the other paper in Knoxville, the ''Knoxville Journal'', becoming an evening paper. The ''Journal'' ceased publication as a daily in 1991, when the joint operating agreement between the two papers expired. In 2002, the paper dropped the hyph ...
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Bill Haslam
William Edward Haslam (; born August 23, 1958) is an American billionaire businessman and politician who served as the 49th governor of Tennessee from 2011 to 2019. A member of the Republican Party, Haslam previously served as the 67th mayor of Knoxville, Tennessee. He was born in Knoxville and graduated from Emory University in Atlanta, Georgia. He began his career in business, joining his father, Jim Haslam, who was the founder of Pilot Corporation. Haslam rose to president of Pilot Corp in the 1990s, after his brother Jimmy Haslam became the company's CEO. Haslam then left Pilot and from 1999 to 2001 was the CEO of the e-commerce and cataloging division at the department store chain Saks Fifth Avenue. He then became a consultant at Saks and later served on the board of directors at Harold's Stores, Inc. He is a co-owner of the minor league baseball team the Tennessee Smokies. He was elected Mayor of Knoxville, Tennessee in the 2003 Knoxville mayoral election with 52% of th ...
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Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ...
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United Way Of America
United Way is an international network of over 1,800 local nonprofit fundraising affiliates. United Way was the largest nonprofit organization in the United States by donations from the public, prior to 2016. United Way organizations raise funds primarily via workplace campaigns, where employers solicit contributions that can be paid through automatic payroll deductions. After an administrative fee is deducted, money raised by local United Ways is distributed to local nonprofit agencies. Major recipients have included the American Cancer Society, Big Brothers/Big Sisters, Catholic Charities, Girl Scouts, Boy Scouts, and The Salvation Army. United Way Worldwide Membership to United Way and use of the United Way brand is overseen by the United Way Worldwide umbrella organization. United Way Worldwide is not a top-down organization that has ownership of local United Ways. Instead, each local United Way is run as independently and incorporated separately as a 501(c)(3) organiza ...
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