Schwab's Drug Store
Schwab's Pharmacy was a drugstore located at 8024 Sunset Boulevard in Hollywood, California, and was a popular hangout for movie actors and movie industry dealmakers from the 1930s through the 1950s. History Opened in 1932 by the Schwab brothers, Schwab's Pharmacy in Hollywood became the most famous and longest-operating outlet of their small retail chain. Like many drug stores in the United States during the mid-twentieth century, Schwab's sold medicines and had a counter serving ice cream dishes and light meals. Schwab's closed in October 1983. Five years later, on October 6, 1988, the building was demolished to make way for a shopping complex and multiplex theater. Sidney Skolsky, a syndicated Hollywood gossip columnist for the ''New York Daily News'' who was the first journalist to use the nickname "Oscar" for the Academy Award in print, made Schwab's famous in the 1930s. He used the drugstore as his office and called his column in ''Photoplay'', the premier movie magazine ...
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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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