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Ike Perlmutter
Isaac "Ike" Perlmutter (; born December 1, 1945) is an Israeli-American billionaire businessman and financier. Through a variety of sometimes unorthodox business deals, he has been an influential investor in a number of corporations, including Revco drug stores, Coleco Entertainment, Remington, and Toy Biz/Marvel Toys. He is the former chairman and CEO of Marvel Entertainment. He has a political relationship with Donald Trump, and acted as an unofficial advisor in his presidential administration, overseeing the Department of Veterans Affairs. Early life Isaac Perlmutter was born to a Jewish family in Mandatory Palestine in 1945. He served in the Israel Defense Forces during the Six-Day War of 1967. He emigrated to America, arriving in New York City with only $250, and he earned a living standing outside Jewish cemeteries in Brooklyn, leveraging his Hebrew skills to lead funeral services for tips. Spelling of wife's name -- Laurie -- at variance with other cites. Subscriber ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandatory Palestine
Mandatory Palestine was a British Empire, British geopolitical entity that existed between 1920 and 1948 in the Palestine (region), region of Palestine, and after 1922, under the terms of the League of Nations's Mandate for Palestine. After an Arab Revolt, Arab uprising against the Ottoman Empire during the First World War in 1916, British Empire, British Egyptian Expeditionary Force, forces drove Ottoman Empire, Ottoman forces out of the Levant. The United Kingdom had agreed in the McMahon–Hussein Correspondence that it would honour Arab independence in case of a revolt but, in the end, the United Kingdom and French Third Republic, France divided what had been Ottoman Syria under the Sykes–Picot Agreement—an act of betrayal in the eyes of the Arabs. Another issue was the Balfour Declaration of 1917, in which Britain promised its support for the establishment of a Homeland for the Jewish people, Jewish "national home" in Palestine. Mandatory Palestine was then establishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Senior Debt
In finance, senior debt is debt that takes priority over other unsecured or otherwise more "junior" debt owed by an issuer. Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid before other creditors receive any payment. Senior debt is often secured by collateral on which the lender has put in place a first lien. Usually this covers all the assets of a corporation and is often used for revolving credit lines. It is the debt that has priority for repayment in a liquidation. It is a class of corporate debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer. Limitations to seniority Secured parties may receive preference to unsecured senior lenders Notwithstanding the senior status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Perelman
Ronald Owen Perelman (; born January 1, 1943) is an American banker, businessman, investor, and philanthropist. MacAndrews & Forbes Incorporated, his company, has invested in companies with interests in groceries, cigars, licorice, makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing. Perelman holds significant shares in companies such as Deluxe Entertainment, Revlon, SIGA Technologies, RetailMeNot, Merisant, Scantron, Scientific Games Corporation, Valassis, vTv Therapeutics and Harland Clarke. He previously owned a majority of shares in AM General, but in 2020 sold the majority of his shares in AM General along with significant works of art, in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts. In early 2020, Revlon, acquired by Perelman in the 1980s, undertook a debt deal. Previously worth $19.8 billion in 2018, Perelman is, as of November 2022, wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy; Icahn then pressures management to make the changes that he believes will benefit shareholders, and him. Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street, he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds. In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the Forbes 400, ''Forbes'' 400 and has a net worth of approximately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
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, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . 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. However, the existence of such a ritual is doubted. 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 into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marvel Toys
Toy Biz, Inc. (later known as Marvel Toys) was a toy manufacturer, originally founded in Montreal, Quebec as Charan Toys. The company is best known for holding the Marvel Comics toy license from 1990 to 2006. In 1993, Marvel Entertainment Group acquired a minority stake in Toy Biz. In 1998, Toy Biz merged with Marvel Entertainment Group to bring it out of bankruptcy, with the two merged companies becoming Marvel Enterprises. Toy Biz would continue as the name of its toy manufacturing division. In 2005, the division would start to use the name Marvel Toys, as well as Toy Biz, to reflect the Marvel Cinematic Universe. In January 2006, Hasbro acquired the Marvel Comics toy license, to release its first products in January 2007. The division attempted to continue with non-Marvel licenses, but became inactive by fall 2007. History Late 20th century to 1997 Charan Toys (Canadian company) The company's original forerunner, Canadian company Chantex, Inc., was founded in the late 19th c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avi Arad
Avi Arad (; ; born August 1, 1948) is an Israeli-American studio executive and producer of film, television and animation. He became the CEO of Toy Biz in the 1990s, was the chief creative officer of Marvel Entertainment and is the founder, former chairman and former CEO of the latter's successor, Marvel Studios."Marvel Announces New Independent Producer Deal with Avi Arad" , May 31, 2006 press release, via Since then, he has produced and sometimes written a wide array of live-action, animated, and television comic book adaptations. ...
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Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a 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 as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vestar Capital Partners
Vestar Capital Partners is an American private equity firm focusing on leveraged buyout transactions in middle-market companies in the United States. The firm, which was founded in 1988, is headquartered in New York City with offices in Boston, Massachusetts and Denver, Colorado, in the U.S. History Vestar is a leading private equity firm specializing in management buyouts and growth capital investments. Vestar was founded in 1988 by principals of The First Boston Corporation’s Management Buyout Group. As of 2017, four of the original founders—Daniel O'Connell, Norman Alpert, Robert Rosner, and James Kelley—were still with the firm. Since the firm's founding in 1988, the Vestar funds have completed more than 80 investments in companies with a total value of more than $46 billion. In 2013, Vestar Capital acquired a majority stake in Roland Foods Corporation. The firm acquired Institutional Shareholder Services (ISS) from MSCI in 2014 for $364 million. Investment funds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Controlling Interest
A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the majority of the voting shares, other present circumstances can be considered to determine whether that party is still considered to hold a controlling ownership interest. In the United States, Delaware corporations have a 2/3 vote requirement for a motion to pass. In theory, this could mean that a controlling interest would have to be over two-thirds of the voting shares. A 2019 study published in the Virginia Law Review said dual-class stock structures, common to newly public technology companies, creates governance risks and costs, including the potential loss of economic value for non-voting shares held by public investors. See also * Consolidation (business) * Holding company * Minority interest * Parent company * Subsidiary A subsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victor Kiam
Victor Kermit Kiam II (December 7, 1926 – May 27, 2001) was an American entrepreneur and TV spokesman for Remington Products, and the owner of the New England Patriots football team from 1988 New England Patriots season, 1988–1991 New England Patriots season, 1991. He was well known for his turnaround of Remington's fortunes, as well as for his commercials written by his director of advertising and sales promotion at Benrus, Howard Shavelson, with whom he first worked on the Playtex Cross Your Heart Bra commercials. Biography Kiam was born in the French Quarter of New Orleans, the son of Nanon and Victor Kermit Kiam, a bond dealer who had divorced his actress wife while Kiam was four. His parents both moved away, with his mother going to California and his father to New York. He was educated by his maternal grandfather at Phillips Academy in Massachusetts, where he was a classmate of future U.S. President George Herbert Walker Bush. After serving in the United States Navy, U.S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hasbro
Hasbro, Inc. (; a syllabic abbreviation of its original name, Hassenfeld Brothers) is an American multinational corporation, multinational toy manufacturing and entertainment holding company founded on December 6, 1923 by Henry, Hillel and Herman Hassenfeld and is incorporated and headquartered in Pawtucket, Rhode Island. Hasbro owns the trademarks and products of Kenner Products, Kenner, Milton Bradley Company, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. As of August 2020, over 81.5% of its shares were held by large financial institutions. Among Hasbro's products are ''Transformers'', ''G.I. Joe'', ''Power Rangers'', Rom the Space Knight, Micronauts, ''M.A.S.K. (franchise), M.A.S.K.'', ''Monopoly (game), Monopoly'', Furby, Nerf, Mr. Potato Head, Potato Head, ''Bop It!'', Play-Doh, ''Twister (game), Twister'', and ''My Little Pony'', and with the Entertainment One (now Lionsgate Canada) acquisition on December 30, 2019, franchises like ''Peppa Pig'' a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
