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Cahill Gordon
Cahill Gordon & Reindel LLP is an American law firm based in New York City with offices also in Washington, D.C. and London. Founded in 1919, it is prominent in the practice areas of capital markets and banking & finance. History Cahill opened its doors at 120 Broadway in 1919 as McAdoo, Cotton & Franklin. In 1921 William G. McAdoo moved away to California, and the firm was renamed Cotton & Franklin. By the end of the Depression, it expanded to handle bankruptcies, reorganizations, and regulatory matters. During and after the Second World War, under the leadership of John T. Cahill, former United States Attorney for the Southern District of New York, the firm grew dramatically. As Cahill Gordon Reindel & Ohl, it moved to 80 Pine Street, where it remained until 2020, then it moved to 32 Old Slip. Partner John Ohl, a tax specialist, retired in 1976. The firm established its Paris office in 1928, though it closed in 2000 when the firm opened its London office. Today, Cahill mai ...
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Limited Liability Partnership
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership under the UK Partnership Act 1890, in which each partner has joint (but not several) liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Depending on the jurisdiction, however, the limited liability may extend only to the negligence or misconduct of the other partners, and the partners may be personally liable for other liabilities of the firm or partners. Unlike corporate shareholders, the partners have the power to manage the business directly. In contrast, corporate shareholders must elect a board of directors under the laws of v ...
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New York Times Co
The New York Times Company is an American mass media corporation that publishes ''The New York Times'' and its associated publications such as ''The New York Times International Edition'' and other media properties. The New York Times Company's headquarters are in The New York Times Building, a skyscraper in Manhattan, New York City. History The company was founded by Henry Jarvis Raymond and George Jones in New York City. The first edition of the newspaper ''The New York Times'', published on September 18, 1851, stated: "We publish today the first issue of the New-York Daily Times, and we intend to issue it every morning (Sundays excepted) for an indefinite number of years to come." The company moved into the cable channel industry, purchasing a 40% interest in the Popcorn Channel, a theatrical movie preview and local movie times, in November 1994. In 1996, it expanded upon its broadcasting by purchasing Palmer Communications, owners of WHO-DT in Des Moines and KFOR in O ...
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Harrah’s
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co. and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a ...
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Kinder Morgan
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals. Kinder Morgan owns an interest in or operates approximately of pipelines and 143 terminals. The company's pipelines transport natural gas, liquefied natural gas, ethanol, biodiesel, hydrogen, refined petroleum products, crude oil, carbon dioxide, and more. Kinder Morgan also stores or handles a variety of products and materials at their terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke, and steel. The company has approximately of natural gas pipelines and is the largest natural gas pipeline operator in the United States, moving about 40 percent of the natural gas consumed in the country. The company previously had built a major presence in Canada with the Trans Mountain pipeline, but that infrastructure is now publicly owned and operated. The company's division traditionally p ...
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Hospital Corporation Of America
HCA Healthcare, Inc. (historically known as Hospital Corporation of America) is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by total revenue. In the 1990s, the company engaged in illegal accounting and other crimes that resulted in the payment of more than $2 billion in federal fines and other penalties, and the dismissal of the CEO Rick Scott by the board of directors. History Early years The Hospital Corporation of America (HCA) was founded in 1968 in Nashville, Tennessee, by Thomas F. Frist Sr., Thomas F. Frist Jr. and Jack C. Massey. The founders envisioned a c ...
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Energy Future Holdings
Energy Future Holdings Corporation was an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The majority of the company's power generation was through coal and nuclear power plants. From 1998 to 2007, the company was known as TXU Corporation until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners. That purchase was the largest leveraged buyout in history. As of 2019, TXU Energy is a subsidiary of publicly traded Vistra Energy. , the company has been described as "struggling" which resulted in the April 29, 2014 filing for bankruptcy protection under Title 11 of the United States Bankruptcy Code. On July 7, 2017, the company announced its Oncor transmission business would be acquired by Berkshire Hathaway for $9 billion but Sempra Energy's higher $9.45 billion bid was eventually accepted instead on August 21, 2017. History The company traces its history to the beginnin ...
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RJR Nabisco
R. J. Reynolds Nabisco, Inc., doing business as RJR Nabisco, was an American conglomerate, selling tobacco and food products, headquartered in the Calyon Building in Midtown Manhattan, New York City. R. J. Reynolds Nabisco stopped operating as a single entity in 1999. Both RJR (as R. J. Reynolds Tobacco Company) and Nabisco (now part of Mondelēz International) still exist. History RJR Nabisco was formed in 1985 by the merger of Nabisco Brands and R. J. Reynolds Tobacco Company. In 1988 RJR Nabisco was purchased by Kohlberg Kravis Roberts & Co. in what was at the time the largest leveraged buyout in history. In 1999, due to concerns about tobacco lawsuit liabilities, the tobacco business was spun off into a separate company and RJR Nabisco was renamed Nabisco Holdings Corporation. Nabisco is currently owned by Mondelēz International Inc. RJR Nabisco Holdings Corp. (NYSE: NGH) was the parent company of RJR Nabisco, Inc. After the food and tob ...
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Leveraged Buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than Equity (finance), equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). Whi ...
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Wall Street
Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Street and the East River in the east with a length of just under 2,000 feet. The term "Wall Street" has become a Metonymy, metonym for the financial markets of the United States as a whole, the Financial services in the United States, American financial services industry, New York–based financial interests, or the Financial District. Anchored by Wall Street, New York has been described as the world's principal fintech and financial center. The street was originally known in Dutch language, Dutch as ''Het Cingel'' ("the Belt") when it was part of New Amsterdam during the 17th century. An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and Security (finance), securities ...
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Citizens United V
Citizenship is a membership and allegiance to a sovereign state. Though citizenship is often conflated with nationality in today's English-speaking world, international law does not usually use the term ''citizenship'' to refer to nationality; these two notions are conceptually Nationality#Nationality versus citizenship, different dimensions of collective membership. Generally citizenships have no expiration and allow persons to Right of abode, work, Permanent residency, reside and Suffrage, vote in the polity, as well as identify with the polity, possibly acquiring a passport. Though through discrimination, discriminatory laws, like disfranchisement and outright Crime of apartheid, apartheid, citizens have been made second-class citizens. Historically, populations of states were mostly commoner, subjects, while citizenship was a particular status which originated in the rights of urban populations, like the rights of the male public of city, cities and republics, particularly P ...
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Mitch McConnell
Addison Mitchell McConnell III (; born February 20, 1942) is an American politician and attorney serving as the senior United States senator from Kentucky, a seat he has held since 1985. McConnell is in his seventh Senate term and is the longest-serving senator in Kentucky history. He served from 2007 to 2025 as the leader of the Senate Republican Conference, including two stints as minority leader (2007 to 2015 and 2021 to 2025), and was majority leader from 2015 to 2021, making him the longest-serving Senate party leader in U.S. history. McConnell holds conservative political positions, although he was known as a pragmatist and a moderate Republican early in his political career. He led opposition to stricter campaign finance laws, culminating in the U.S. Supreme Court decision '' Citizens United v. FEC'', which partially overturned the Bipartisan Campaign Reform Act (McCain-Feingold) in 2010. McConnell worked to withhold Republican support for major presidential initia ...
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First Amendment Rights
The First Amendment (Amendment I) to the United States Constitution prevents Congress from making laws respecting an establishment of religion; prohibiting the free exercise of religion; or abridging the freedom of speech, the freedom of the press, the freedom of assembly, or the right to petition the government for redress of grievances. It was adopted on December 15, 1791, as one of the ten amendments that constitute the Bill of Rights. In the original draft of the Bill of Rights, what is now the First Amendment occupied third place. The first two articles were not ratified by the states, so the article on disestablishment and free speech ended up being first. The Bill of Rights was proposed to assuage Anti-Federalist opposition to Constitutional ratification. Initially, the First Amendment applied only to laws enacted by the Congress, and many of its provisions were interpreted more narrowly than they are today. Beginning with ''Gitlow v. New York'' (1925), the Supreme ...
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