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Kenneth Stanley "Boots" Adams (August 31, 1899 – March 30, 1975) was an American business executive, University of Kansas booster, and civic philanthropist of Bartlesville, Oklahoma. Adams began his career with the Phillips Petroleum Company in 1920 as a clerk in the warehouse department. Twelve years later, he was chosen by founder and president Frank Phillips to fill the newly created position of Assistant to the President. On April 26, 1938, Adams was elected president of Phillips Petroleum Company by the unanimous vote of the company's board of directors. Upon succeeding Frank Phillips as president, Adams, then 38 years old, became one of the nation's youngest leaders of a major corporation. He remained in continuous service as the company's chief executive until his retirement in 1964. Although he retired from company operations, Adams continued serving as its board chairman until 1968; finishing his affiliation as a board member from 1968 to 1970. During his tenure, Adams ...
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Horton, Kansas
Horton is a city in Brown County, Kansas, United States. As of the 2020 census, the population of the city was 1,523. History Horton was founded in 1886. It was named for Albert H. Horton, chief justice of the Kansas Supreme Court. On January 22, 2013, the host of CNBC television show '' The Profit'' toured Horton in hopes of revitalizing Horton's downtown business district. Within 18 months, the community started the “Reinvent Horton” campaign to clean up the community and update "run-down" aspects of it, including the installation of curbs, sidewalks, and light poles, razed some buildings, and a large community effort to try to change Horton. Geography According to the United States Census Bureau, the city has a total area of , of which is land and is water. Climate Humid continental climate is a climatic region typified by large seasonal temperature differences, with warm to hot (and often humid) summers and cold (sometimes severely cold) winters. The Köppen Cl ...
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Joe Fortenberry
Joe Cephis Fortenberry (April 1, 1911 – June 3, 1993) was an American basketball player who competed in the 1936 Summer Olympics. He was a captain of the American basketball team, which won the gold medal in the first Olympics to include basketball. After college, Fortenberry played for the Ogden Boosters in Utah, and then with the McPherson Oilers in McPherson, Kansas. This was the team that won the AAU National Championship in 1936, prior to the Olympics. He played two games at the Olympics, including the final. He was the high scorer in the gold medal game, scoring 8 points in a 19–8 victory, and averaged a tournament-leading 14.5 points per game. The game was held in appalling conditions, outdoors on a muddy clay court, that made dribbling almost impossible, in steady rain and with winds that "blew the ball around wildly". After he played in the Olympics, Fortenberry played five seasons with the Phillips 66ers, the perennial power in the AAU basketball league, the premie ...
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Petrochemical
Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane. The two most common petrochemical classes are olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Oil refineries produce olefins and aromatics by fluid catalytic cracking of petroleum fractions. Chemical plants produce olefins by steam cracking of natural gas liquids like ethane and propane. Aromatics are produced by catalytic reforming of naphtha. Olefins and aromatics are the building-blocks for a wide range of materials such as solvents, detergents, and adhesives. Olefins are the basis for polymers and oligomers used in plastics, resins, fibers, elastomers, lubricants, and gels. Global ethylene production was 190 milli ...
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University Of Oklahoma
The University of Oklahoma (OU) is a Public university, public research university in Norman, Oklahoma, United States. Founded in 1890, it had existed in Oklahoma Territory near Indian Territory for 17 years before the two territories became the state of Oklahoma. In Fall 2024, the university had 34,523 students enrolled, most at its main campus in Norman. Employing nearly 4,000 faculty members, the university offers 174 Bachelor's degree, baccalaureate programs, 199 Master's degree, master's programs, 101 Doctorate, doctoral programs, and 88 certificate programs. The university is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity", with over $416 million in research expenditures across its three campuses in 2022. Its Norman campus has two prominent museums, the Fred Jones Jr. Museum of Art, specializing in French Impressionism and Native Americans in the United States, Native American artwork, ...
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Geologist
A geologist is a scientist who studies the structure, composition, and History of Earth, history of Earth. Geologists incorporate techniques from physics, chemistry, biology, mathematics, and geography to perform research in the Field research, field and the laboratory. Geologists work in the Energy industry, energy and mining sectors to exploit Natural resource, natural resources. They monitor environmental hazards such as earthquakes, volcanoes, tsunamis and landslides. Geologists are also important contributors to climate change discussions. History James Hutton is often viewed as the first modern geologist. In 1785 he presented a paper entitled ''Theory of the Earth'' to the Royal Society of Edinburgh. In his paper, he explained his theory that the Earth must be much older than had previously been supposed to allow enough time for mountains to be eroded and for sediments to form new rocks at the bottom of the sea, which in turn were raised up to become dry land. Hutton pub ...
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Bottom Line
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes, and other expenses for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Weil, Schipper, Francis. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in shareholders' equity that results from a company's operations.Weil, Schipper, Francis. (2010) Financial Accounting. Cengage Learning. It is different from gross income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions). Definition Net income can be distributed among holders ...
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Dividends
A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex-dividend date, though more often than not it may open higher. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually by bank transfer) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by ...
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Startup Company
A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to Initial public offering, go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorn (finance), unicorns.Erin Griffith (2014)Why startups fail, according to their founders, Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will do the market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate thei ...
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Wellhead
A wellhead is the component at the surface of an oil or gas well that provides the structural and pressure-containing interface for the drilling and production equipment. The primary purpose of a wellhead is to provide the suspension point and pressure seals for the casing strings that run from the bottom of the hole sections to the surface pressure control equipment. While drilling the oil well, surface pressure control is provided by a blowout preventer (BOP). If the pressure is not contained during drilling operations by the column of drilling fluid, casings, wellhead, and BOP, a well blowout could occur. When the well has been drilled, it is completed to provide an interface with the reservoir rock and a tubular conduit for the well fluids. The surface pressure control is provided by a Christmas tree, which is installed on top of the wellhead, with isolation valves and choke equipment to control the flow of well fluids during production. Wellheads are typically welded ...
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Helms Athletic Foundation
The Helms Athletic Foundation, founded in 1936, was a Los Angeles-based organization dedicated to the promotion of athletics and sportsmanship. Paul H. Helms was the organization's founder and benefactor, funding the foundation via his ownership of Helms Bakery. Bill Schroeder founded the organization with Helms and served as its managing director. The men were united in a love of amateur athletic competition. The organization became well known for presenting awards and trophies for local, national, and international competition, naming the Southern California Player of the Month and Year, national championships in college basketball and college football, Rose Bowl Player of the Game, Coach of the Year, Pacific Coast football player of the year, and other such awards for athletic achievement. Schroeder described himself in 1967 as a "committee of one" in selecting the championship teams. The organization dedicated Helms Hall in 1948, which housed a museum for sporting arti ...
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Amateur Athletic Union
The Amateur Athletic Union (AAU) is an amateur sports organization based in the United States. A multi-sport organization, the AAU is dedicated exclusively to the promotion and development of amateur sports and physical fitness programs. It has more than 900,000 members nationwide, including more than 100,000 volunteers. The philosophy of the AAU is "Sports for All, Forever." The AAU was founded on January 21, 1888, by James E. Sullivan and William Buckingham Curtis with the goal of creating common standards in amateur sport. Since then, most national championships for youth athletes in the United States have taken place under AAU leadership. From its founding as a publicly supported organization, the AAU has represented U.S. sports within the various international sports federations. In the late 1800s to the early 1900s, Spalding Athletic Library of the Spalding Company published the Official Rules of the AAU. The AAU formerly worked closely with what is now today the ...
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Bud Browning
Omar M. "Bud" Browning (October 5, 1911 – September 11, 1978) was an American basketball coach. In 1948, he became the United States' second Summer Olympics men's basketball head coach. Browning led 1948 USA team to a final record of 8–0, en route to a gold medal at the 1948 Summer Olympics basketball tournament, in London. Browning became the winningest coach in Amateur Athletic Union (AAU) tournament history, when his teams won AAU championships in 1962 and 1963. He performed as a player in the AAU from 1935 to 1943, but achieved his greatest fame as a coach for the Phillips 66ers, leading them to five consecutive AAU national titles from 1944 to 1948, and to two more titles in 1962 and 1963. Browning first achieved name recognition in the AAU in 1935, when he helped lead the Southern Kansas Stage Lines win the national championship over the McPherson Oil Refiners, 45–26. He was selected for the AAU All-American (all-star) team. The following year, playing for the ...
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