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Petr Kellner
Petr Kellner (20 May 1964 – 27 March 2021) was a Czech billionaire entrepreneur, the founder and majority shareholder (98.93%) of the PPF Group. At the time of his death, he had an estimated net worth of $17.5 billion, making him the wealthiest person in the Czech Republic. Early life Kellner was born in 1964 in Česká Lípa, then in Czechoslovakia, but spent most of his childhood in Liberec. Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics, in 1986. Career In the late 1980s, he worked as a production assistant in Barrandov Studios, even having a cameo in the 1989 film . After the Velvet Revolution he worked for the Czech company Impromat, an importer and seller of Ricoh photocopiers. While working for that company, he met Milan Maděryč and Milan Vinkler. Investment fund PPF In 1991, after the announcement of Czechoslovak voucher privatization, he founded the investment fund PPF (''První Privatizační Fond'': First ...
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Česká Lípa
Česká Lípa (; german: Böhmisch Leipa) is a town in the Liberec Region of the Czech Republic. It has about 37,000 inhabitants and it is the most populated town of the Czech Republic without city status. The town centre is well preserved and is protected by law as an urban monument zone. Administrative parts The villages of Častolovice, Dobranov, Dolní Libchava, Dubice, Heřmaničky, Lada, Manušice, Okřešice, Písečná, Stará Lípa, Vítkov, Vlčí Důl and Žizníkov are administrative parts of Česká Lípa. Geography Česká Lípa lies about west of Liberec and north of Prague. The Ploučnice River flows through the town, approximately from its source. The highest point of the municipal territory is Špičák with an altitude of . History The old town of Česká Lípa was built near a ford on the Ploučnice where a Slavonic colony existed from the 10th century. The current territory of the town was permanently settled around the 13th century. The first writte ...
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Photocopier
A photocopier (also called copier or copy machine, and formerly Xerox machine, the generic trademark) is a machine that makes copies of documents and other visual images onto paper or plastic film quickly and cheaply. Most modern photocopiers use a technology called '' xerography'', a dry process that uses electrostatic charges on a light-sensitive photoreceptor to first attract and then transfer toner particles (a powder) onto paper in the form of an image. The toner is then fused onto the paper using heat, pressure, or a combination of both. Copiers can also use other technologies, such as inkjet, but xerography is standard for office copying. Commercial xerographic office photocopying was introduced by Xerox in 1959, and it gradually replaced copies made by Verifax, Photostat, carbon paper, mimeograph machines, and other duplicating machines. Photocopying is widely used in the business, education, and government sectors. While there have been predictions that photocop ...
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PPF Banka
PPF Banka is a Czech bank that focuses mainly on providing financial, investment and consulting services as well as private banking. It is a major subsidiary of PPF (company) PPF Group is an international diversified investment group founded in 1991 in the Czech Republic. PPF Group invests in a variety of sectors, including banking and financial services, telecommunications, media, biotechnology, real estate and indus ..., which owns 93% of the bank. Its clients are primarily financial institutions, medium and large enterprises with Czech capital and municipal sphere entities. the bank’s profit has risen at an annual rate of 15% to 1 385 million CZK. History PPF bank was founded in 1992 under the trade name Royal bank CS. The Czech capital city Prague became the major shareholder in 1995. The bank then changed its name to První městská banka, a.s. (First city bank Plc). In 2002, the bank’s major shareholder changed and Česká pojišťovna a.s. (Czech insurance comp ...
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Václav Klaus' Institute
Václav Klaus Institute ( cs, Institut Václava Klause) is a Think tank based in the Czech Republic. The institute was established by Václav Klaus when his term as President of the Czech Republic ended and was inspired by the libraries of former American presidents. Other people involved with the institute are Jiří Weigl and Václav Klaus' sons. The institute was originally set up to serve as the Václav Klaus Library. It is financially supported by Petr Kellner. The institute is closely associated with many prominent politicians of the Civic Democratic Party, including Jan Skopeček and Václav Klaus Jr. The institute itself is critical to the current Civic Democratic leader Petr Fiala. Foundation The institute was established in March 2012, one year before the end of Klaus' second term as president. Jiří Weigl said that the institute was set up so that Klaus could join when it was fully functional. See also * Klausism In Czech politics, Klausism refers to the politica ...
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Václav Klaus
Václav Klaus (; born 19 June 1941) is a Czech economist and politician who served as the second president of the Czech Republic from 2003 to 2013. From July 1992 until the dissolution of Czechoslovakia in January 1993, he served as the second and last prime minister of the Czech Republic while it was a federal subject of the Czech and Slovak Federative Republic, and then as the first prime minister of the newly independent Czech Republic from 1993 to 1998. During the Communist era, Klaus worked as a bank clerk and forecaster. After the fall of Communism in November 1989, he became the Minister of Finance in the "government of national unity". In 1991, Klaus was the principal co-founder of the Civic Democratic Party (ODS). He was Prime Minister from 1992 to 1997, and from January to February 1993 he held certain powers of the Presidency. His government fell in the autumn of 1997; after the elections in the spring of 1998, he became the Speaker of the Chamber of Deputies ( ...
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Central European Media Enterprises
Central European Media Enterprises Ltd. (CME) is a media and entertainment company that operates television channels in Bulgaria, Croatia, Czech Republic, Romania, Slovakia and Slovenia. Until its acquisition by PPF Group N.V. in October 2020, the company was listed on NASDAQ and Prague Stock Exchange under the ticker symbol CETV. It has since been delisted. History Central European Media Enterprises Ltd. was co-founded in 1991 by Americans Ronald Lauder and Mark Palmer in Germany as CEDC GmbH (Central European Development Corporation) and later changed its name and reincorporated in the Netherlands as Central European Media Enterprises (CME). It started broadcasting its first channel in the Czech Republic in 1994. On 23 March 2009, Time Warner (now Warner Bros. Discovery) announced it would invest $241.5 million in CME for a 31% stake. By 2Q 2013, Time Warner had acquired a controlling interest in CME in a series of transactions. In October 2019, AT&T signed agreement t ...
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Ronald Lauder
Ronald (Ron) Steven Lauder (born February 26, 1944) is an American businessman, billionaire, philanthropist, art collector, and political activist. He is the president of the World Jewish Congress since 2007. He and his brother, Leonard Lauder, are the sole heirs to the Estée Lauder cosmetics company, founded by their parents, Estée Lauder and Joseph Lauder, in 1946. According to ''Forbes'', Lauder has a net worth of $4.5 billion dollars as of Sept. 2022 (number 563 on Forbes' list of billionaires) Early life and education Lauder was born in New York City to a Jewish family, the son of Estée Lauder and Joseph Lauder, founders of Estée Lauder Companies. He is the younger brother of Leonard Lauder, chairman of the board of the Estée Lauder Companies. He attended the Bronx High School of Science and holds a bachelor's degree in International Business from the Wharton School of Business at the University of Pennsylvania. He studied at the University of Paris, and receive ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such a ...
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Assicurazioni Generali
Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in the world by net premiums and assets. The company was founded on December 26, 1831, as ('Imperial and Royal Privileged Company for General Austrian-Italian Insurances'). At the time, Trieste was the most important seaport of the Austrian Empire. The company grew in importance, becoming one of the largest insurance operators both in Italy and in Central Europe. , the company ranks 57th on the Fortune Global 500 list of companies and 43rd on MITs worldwide "Smartest Companies" ranking in 2015. Generali's major competitors at the international level are AXA, Allianz and Zurich Insurance Group. Operations Generali operates primarily in Europe, the Middle East, and East Asia, with large market shares in Italy, Czech Republic, Poland, ...
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Buy-out
In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout will often include the purchasing of the target company's outstanding debt, which is referred to as "assumed debt" by the purchaser. Non-finance usage The term may apply more generally to the purchase by one party of all of the rights of another party with respect to an ongoing transaction between the two. For example: *An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person; *A landlord may buy out the remainder of a tenant's lease, effectively paying them to vacate. *A government may buy out homes in a floodplain or other area subject to hazard. The language used by FEMA, a United States agency, is "acquisition". *In Major League Baseball, a club option is a ...
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Komerční Banka
Komerční banka (“KB”) is a major Czech bank and the parent company of KB Group, a member of the Société Générale international financial group. KB is a universal bank providing a wide range of services in retail, corporate and investment banking complemented by specialised financial services produced by KB’s subsidiaries or other SG Group companies. KB Group operates in the Czech Republic and also provides services to corporate clients in Slovakia. It serves more than 1.6 million customers in 399 branches. All of the services are accessible through the dense network of KB branches, its own distribution network, and on-line services, such as internet banking. Service for corporate clients of Komerční banka is provided by two segments, usually according to annual turnover (sales) and number of products used. Companies with turnover from CZK 60 million to 1500 million are generally served by the Corporate sales centers. Clients with a higher turnover are usually serv ...
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Česká Pojišťovna
Česká is a municipality and village in Brno-Country District in the South Moravian Region of the Czech Republic. It has about 1,000 inhabitants. Česká lies approximately north-west of Brno and south-east of Prague Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and List of cities in the Czech Republic, largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 milli .... References Villages in Brno-Country District {{SouthMoravia-geo-stub ...
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