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Sullivan And Cromwell
Sullivan & Cromwell LLP is an American multinational law firm headquartered in New York City. Known as a white-shoe firm, Sullivan & Cromwell is recognized as a leader in business law, and is known for its impact on international affairs, such as the financing of the Panama Canal. The firm handles high profile work such as complex mergers and acquisitions, securities litigation, and white-collar defense and government investigations. It is one of the most profitable law firms in the world, with 2021 profits per partner exceeding $6 million and profits per lawyer exceeding $1.3 million. History Founded in 1879 by Algernon Sydney Sullivan and William Nelson Cromwell, Sullivan & Cromwell advised John Pierpont Morgan during the creation of Edison General Electric (1882) and later guided key players in the formation of U.S. Steel (1901)."Giant Steel Trust Launched at Last: Will be Known as the United States Steel Corporation," The New York Times, February 26, 1901 Cromwell developed ...
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Sullivan may refer to: People Characters * Chloe Sullivan, from the television series ''Smallville'' * Colin Sullivan, a character in the film ''The Departed'', played by Matt Damon * Harry Sullivan (''Doctor Who''), from the British science fiction television series ''Doctor Who'' * James P. "Sulley" Sullivan, a main character in the ''Monsters, Inc.'' franchise voiced by John Goodman * John 'Sully' Sullivan, from the television series ''Third Watch'' * John L. Sullivan, protagonist in the film ''Sullivan's Travels'' * Jordan Sullivan, from the television series ''Scrubs'' * Morgan Sullivan, an alias of the fictional protagonist of the film ''Cypher'' * Sam Sullivan, from the television series '' The Loop'' * Sieglinde Sullivan, a character from the manga and anime ''Black Butler'' * Sullivan, a character from the manga and anime ''Welcome to Demon School! Iruma-kun'' * Victor Sullivan, character from the video game ''Uncharted'' franchise * Walter Sullivan (''Silent Hill' ...
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Bankruptcy Law
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced int ...
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John Foster Dulles
John Foster Dulles (, ; February 25, 1888 – May 24, 1959) was an American diplomat, lawyer, and Republican Party politician. He served as United States Secretary of State under President Dwight D. Eisenhower from 1953 to 1959 and was briefly a Republican U.S. Senator for New York in 1949. He was a significant figure in the early Cold War era who advocated an aggressive stance against communism throughout the world. Born in Washington, D.C., John Dulles joined the leading New York law firm of Sullivan & Cromwell after graduating from George Washington University Law School. His grandfather, John W. Foster, and his uncle, Robert Lansing, both served as United States Secretary of State, while his brother, Allen Dulles, served as the Director of Central Intelligence from 1953 to 1961. John Foster Dulles served on the War Industries Board during World War I and he was a U.S. legal counsel at the Paris Peace Conference, 1919, 1919 Paris Peace Conference. He became a member of the ...
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Director Of Central Intelligence
The director of central intelligence (DCI) was the head of the American Central Intelligence Agency from 1946 to 2005, acting as the principal intelligence advisor to the president of the United States and the United States National Security Council, as well as the coordinator of intelligence activities among and between the various US intelligence agencies (collectively known as the United States Intelligence Community, Intelligence Community from 1981 onwards). The office existed from January 1946 to April 21, 2005. After the Intelligence Reform and Terrorism Prevention Act it was replaced by the Director of National Intelligence, director of national intelligence (DNI) as head of the Intelligence Community and the director of the Central Intelligence Agency (D/CIA) as head of the CIA. History The post of DCI was established by President of the United States, President Harry Truman on January 23, 1946, with Admiral Sidney Souers being the first DCI, followed by General Hoy ...
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Allen Dulles
Allen Welsh Dulles (, ; April 7, 1893 – January 29, 1969) was the first civilian Director of Central Intelligence (DCI), and its longest-serving director to date. As head of the Central Intelligence Agency (CIA) during the early Cold War, he oversaw the 1953 Iranian coup d'état, the 1954 Guatemalan coup d'état, the Lockheed U-2 aircraft program, the Project MKUltra mind control program and the Bay of Pigs Invasion. He was fired by John F. Kennedy over the latter fiasco. Dulles was one of the members of the Warren Commission investigating the assassination of John F. Kennedy. Between his stints of government service, Dulles was a corporate lawyer and partner at Sullivan & Cromwell. His older brother, John Foster Dulles, was the United States Secretary of State, Secretary of State during the Eisenhower Administration and is the namesake of Dulles International Airport. Early life and family Dulles was born on April 7, 1893, in Watertown, New York, one of five children of Pres ...
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Panama Canal Authority
The Panama Canal Authority ( es, Autoridad del Canal de Panamá (ACP)) is the agency of the government of Panama responsible for the operation and management of the Panama Canal. The ACP took over the administration of the canal from the Panama Canal Commission, the joint US–Panama agency that managed the canal, on December 31, 1999, when the canal was handed over from the United States to Panama as per the Torrijos–Carter Treaties. It is headquartered in Balboa, a district of Panama City Panama City ( es, Ciudad de Panamá, links=no; ), also known as Panama (or Panamá in Spanish), is the capital and largest city of Panama. It has an urban population of 880,691, with over 1.5 million in its metropolitan area. The city is locat .... Establishment The Panama Canal Authority is established under Title XIV of the National Constitution, and has exclusive responsibility for the operation, administration, management, preservation, maintenance, and modernization of the canal. ...
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Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in China's Jiangling Motors. It also has joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand ( AutoAlliance Thailand), and Turkey ( Ford Otosan). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by ...
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Mutual Fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital') and open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. Primary structures of mutual funds are open-end funds, closed-end funds, unit investment trusts. Open-end funds are purchased from or sold to the issuer at the net asset value of each share as of the close ...
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Tax Law
Tax law or revenue law is an area of legal study in which public or sanctioned authorities, such as federal, state and municipal governments (as in the case of the US) use a body of rules and procedures (laws) to assess and collect taxes in a legal context. The rates and merits of the various taxes, imposed by the authorities, are attained via the political process inherent in these bodies of power, and not directly attributable to the actual domain of tax law itself. Tax law is part of public law. It covers the application of existing tax laws on individuals, entities and corporations, in areas where tax revenue is derived or levied, e.g. income tax, estate tax, business tax, employment/payroll tax, property tax, gift tax and exports/imports tax. There have been some arguments that consumer law is a better way to engage in large-scale redistribution than tax law because it does not necessitate legislation and can be more efficient, given the complexities of tax law. Major iss ...
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Registration Statement
In the United States, a registration statement is a set of documents, including a prospectus, which a company must file with the U.S. Securities and Exchange Commission before it proceeds with a public offering. See also *Securities Act of 1933 *Form S-3 Form S-3 is the most simplified securities registration form used by the U.S. Securities and Exchange Commission. It may only be used by companies that have been required to report under the Securities Exchange Act of 1934 for a minimum of twelve m ... References {{Reflist U.S. Securities and Exchange Commission ...
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Securities Act Of 1933
The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and after the stock market crash of 1929. It is an integral part of United States securities regulation. It is legislated pursuant to the Interstate Commerce Clause of the Constitution. It requires every offer or sale of securities that uses the means and instrumentalities of interstate commerce to be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law. The term "means and instrumentalities of interstate commerce" is extremely broad and it is virtually impossible to avoid the operation of the statute by attempting to offer or sell a security without using an "instrumentality" of interstate commerce. Any use of a telephone, for example, or the mails would probably be enough to subject the t ...
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Federal Income Tax
Income taxes in the United States are imposed by the federal government, and most states. The income taxes are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may be taxable on undistributed income. Partnerships are not taxed (with some exceptions in the case of Federal income taxation), but their partners are taxed on their shares of partnership income. Residents and citizens are taxed on worldwide income, while nonresidents are taxed only on income within the jurisdiction. Several types of credits reduce tax, and some types of credits may exceed tax before credits. An alternative tax applies at the federal and some state levels. In the United States, the term "payroll tax" usually refers to FICA taxes that are paid to fund Social Security and Medicare, while "income tax" ref ...
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