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Jerry W. Levin
Jerry W. Levin (born 1944) is an American businessman. Levin is a CEO, turnaround expert and mergers & acquisitions specialist. He is currently chairman and chief executive officer of Wilton Brands Inc., chairman and chief executive officer of JW Levin Partners LLC, and serves on the board of directors of Ecolab (NYSE: ECL); Saks Incorporated, Saks (NYSE: SKS); U.S. Bancorp (NYSE: USB) Biography and education Levin graduated from the University of Michigan with B.S.E. degrees in Electrical Engineering and Mathematics and received an MBA from the University of Chicago in 1968. Pillsbury From 1974 to 1989, Levin worked for the Pillsbury Company. In his initial capacity as head of corporate development, Levin completed hundreds of mergers, acquisitions and divestitures. Some of the transactions he led included Häagen-Dazs, Green Giant, Totino's Pizza, Steak and Ale, Chart House, and American Beauty Macaroni. Levin also became the chief executive officer of several operating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecolab
Ecolab Inc. is an American corporation that is headquartered in Saint Paul, Minnesota. It develops and offers services, technology and systems that specialize in treatment, purification, cleaning and hygiene of water in a wide variety of applications. It helps organizations, both in private as well as public markets treat their water, for drinking use and for use in food, healthcare, hospitality-related safety and industry. Founded as Economics Laboratory in 1923 by Merritt J. Osborn, it was eventually renamed "Ecolab" in 1986. History Early years: 1923 - 1950s Merritt J. "M.J." Osborn founded Economics Laboratory in 1923 with the tagline "Saving time, lightening labor and reducing costs to those we serve." The company's original product was Absorbit, a product supposedly designed to quickly clean carpets in hotel rooms. This was soon followed by Soilax, a dishwasher soap. During the 1930s, the company expanded throughout the United States and sales reached US$5.4 million by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunbeam Products
Sunbeam Products is an American brand that has produced electric home appliances since 1910. Its products have included the Mixmaster mixer, the Sunbeam CG waffle iron, Coffeemaster (1938–1964) and the fully automatic T20 toaster. The company has endured a long history of struggles, including, in 2001, when it filed for bankruptcy and was also found to have committed massive accounting fraud, for which it was subject to SEC investigation. In 2002, Sunbeam emerged from bankruptcy as American Household, Inc.(AHI). Sunbeam was owned by Jarden Consumer Solutions after Jarden's acquisition in 2004, which was itself later purchased by Newell Rubbermaid (now Newell Brands). History Early history In 1897 John K. Stewart and Thomas J. Clark incorporated their Chicago Flexible Shaft Company, which made horse trimming and sheep shearing machinery. In 1910 the company produced its first ''Sunbeam'' branded household appliance, the Princess Electric Iron (with an option to buy a firep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ionic Breeze
An air ioniser (or negative ion generator or Chizhevsky's chandelier) is a device that uses high voltage to ionise (electrically charge) air molecules. Negative ions, or anions, are particles with one or more extra electrons, conferring a net negative charge to the particle. Cations are positive ions missing one or more electrons, resulting in a net positive charge. Some commercial air purifiers are designed to generate negative ions. Another type of air ioniser is the electrostatic discharge (ESD) ioniser (balanced ion generator) used to neutralise static charge. History In 1918 Alexander Chizhevsky had created the first air ioniser for ion therapy.Pat Williams Obituary of Coppy Laws, Independent newspaper, London, England, 4 June 2002 It was originally used for animal health in agriculture. This discovery ignited Cecil Alfred 'Coppy' Laws' interest in the little-known phenomenon of air ionisation. In 2002, in an obituary in ''The Independent'' newspaper, Cecil Alfred 'Coppy' La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Spending
Consumer spending is the total money spent on final goods and services by individuals and households. There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not). Macroeconomic factors Taxes Taxes are a tool in the adjustment of the economy. Tax policies designed by governments affect consumer groups, net consumer spending and consumer confidence. Economists expect tax manipulation to increase or decrease consumer spending, though the precise impact of specific manipulations are often the subject of controversy. Underlying tax manipulation as a stimulant or suppression of consumer spending is an equation for gross domestic product ( GDP). The equation is GDP = C + I + G + NX, where C is private consumption, I is private investment, G is government and NX is the net of exports minus imports. Increases in government spending create demand and economic expansion. However, government spen ... [...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, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian ''banca rotta'', literally meaning "broken bank". 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 so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motley Fool
The Motley Fool is a private financial and investing advice company based in Alexandria, Virginia. It was founded in July 1993 by co-chairmen and brothers David Gardner and Tom Gardner, and Erik Rydholm, who has since left the company. The company employs over 300 people worldwide. Company name The name “Motley Fool” is taken from Shakespeare’s comedy ''As You Like It''. It references the one characterthe court jesterwho could speak the truth to the Duke without having his head lopped off. History Early years In 1994, The Motley Fool published a series of statements online promoting a nonexistent sewage-disposal company. The messages, which were an April Fool's joke designed to teach a lesson about penny stock investing, garnered widespread attention, including an article in ''The Wall Street Journal''. In August that year, the Gardners parlayed their one-year-old investment newsletter into a content partnership with America Online (AOL). In December, they were profiled ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNET News
''CNET'' (short for "Computer Network") is an American media website that publishes reviews, news, articles, blogs, podcasts, and videos on technology and consumer electronics globally. ''CNET'' originally produced content for radio and television in addition to its website and now uses new media distribution methods through its Internet television network, CNET Video, and its podcast and blog networks. Founded in 1994 by Halsey Minor and Shelby Bonnie, it was the flagship brand of CNET Networks and became a brand of CBS Interactive through that unit's acquisition of CNET Networks in 2008. It has been owned by Red Ventures since October 30, 2020. Other than English, ''CNETs region- and language-specific editions include Chinese, French, German, Japanese, Korean, and Spanish. History Origins After leaving PepsiCo, Halsey Minor and Shelby Bonnie launched ''CNET'' in 1994, after website Yahoo! was launched. With help from Fox Network co-founder Kevin Wendle and forme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Thalheimer
Richard Thalheimer is an American entrepreneur and investor. He is the founder and former CEO of the US-based consumer brand, The Sharper Image. He established The Sharper Image in 1977, after taking an interest in watches. The early watch designs were inspired by a $69 watch that he owned and advertised his watch range in Runner's World magazine. The success of the watch advertisement led to the inaugural distribution of The Sharper Image catalog in 1979. Thalheimer took his company Public company in 1987 on the Nasdaq exchange. The San Francisco-based company grew from three employees in the late 1970s, to 195 stores, a staff of 4,000 and revenues of $750 million. Thalheimer left the company in 2006. After leaving his role at The Sharper Image, Thalheimer started his own online retail business in 2007, RichardSolo. Early life Thalheimer's family owned The Blass Department Store, which for many years was Arkansas' largest department store. He was born and raised in Little ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharper Image
Sharper Image is an American brand that offers consumers home electronics, air purifiers, gifts, and other high-tech lifestyle products through its website, catalog, and third-party retailers. The brand is owned by ThreeSixty Group, with the U.S. catalog and website owned and operated by Michigan-based Camelot Venture Group. The brand has been in operation since its relaunch in 2010. The earlier consumer products retailer by that name was founded by Richard Thalheimer and was in business from 1977 until its closing in 2008. The company sold merchandise through dozens of retail stores throughout the United States, a monthly catalog, and its website, along with business-to-business sales teams that marketed products for corporate incentive programs and wholesale to retailers. History The Sharper Image was founded by Richard Thalheimer. The company started in 1977 as a catalog business to sell jogging watches. Later, through their catalog, The Sharper Image expanded its product as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UJA-Federation Of New York
UJA-Federation of New York (United Jewish Appeal – Federation of Jewish Philanthropies of New York, Inc.) is the largest local philanthropy in the world. Headquartered in New York City, the organization raises and allocates funds annually to fulfill a mission to “care for Jews everywhere and New Yorkers of all backgrounds, respond to crises close to home and far away, and shape our Jewish future.” UJA-Federation allocates funding to social service organizations, healthcare organizations, non-governmental organizations, Jewish institutions, and community agencies in New York, Israel, and 70 countries. History UJA-Federation, as it is known today, was created from the 1986 merger of the United Jewish Appeal, established in 1939, and the Federation of Jewish Philanthropies of New York, a predecessor organization established in 1917. Both the Center for Jewish History and the American Jewish Historical Society, an affiliate of the Smithsonian, houseUJA-Federation's ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special-purpose Acquisition Company
A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process and the associated regulations thereof. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds. In the United States, SPACs are registered with the SEC and considered publicly-traded companies; the general public may buy their shares on stock exchanges before any merger or acquisition takes place. For this reason they have at times been referred to as the "poor man's private equity funds". The majority of companies pursuing SPACs do so on the Nasdaq or New York Stock Exchange in the United States, alt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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