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Manhattan Life Insurance Company
ManhattanLife (originally The Manhattan Life Insurance Company), is an American life insurance company domiciled in New York City, New York. It operates as a subsidiary of Manhattan Life Group in Houston, Texas. ManhattanLife is the brand name for plans, products, and services provided by one or more of the subsidiaries and affiliate companies of Manhattan Life Group Inc. History Early years Manhattan Life was incorporated on May 29, 1850, capitalizing on the recent trend of buying life insurance. Alonzo Alvord was its first President, a serial entrepreneur who started as a haberdasher, had been an insurance agent and insurance company officer for about three years, and dabbled in politics. After the New York Deposit Law was passed in 1851, Manhattan Life created a joint-stock company. The goal was to provide corporate stability by creating a board of directors with a financial interest in the management. The new corporate structure protected the interests of policyholders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Risk
Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. Often it is understood to include only downside risk, meaning the potential for financial loss and uncertainty about its extent. Modern portfolio theory initiated by Harry Markowitz in 1952 under his thesis titled "Portfolio Selection" is the discipline and study which pertains to managing market and financial risk. In modern portfolio theory, the variance (or standard deviation In statistics, the standard deviation is a measure of the amount of variation of the values of a variable about its Expected value, mean. A low standard Deviation (statistics), deviation indicates that the values tend to be close to the mean ( ...) of a portfolio is used as the definition of risk. Types According to Bender and Panz (2021), financial risks can be sorted into five different categories. In their study, they apply an algorith ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1 Wall Street
1 Wall Street (also known as the Irving Trust Company Building, the Bank of New York Building, and the BNY Mellon Building) is a Art Deco skyscraper in the Financial District of Lower Manhattan, New York City. The building, which occupies a full city block, consists of two sections. The original 50-story building was designed by Ralph Thomas Walker of the firm Voorhees, Gmelin and Walker and constructed between 1929 and 1931 for Irving Trust, an early-20th-century American bank. A 28-story annex to the south (later expanded to 36 stories) was designed by the successor firm Voorhees, Walker, Smith, Smith & Haines and built between 1963 and 1965. The limestone facade consists of slight inwardly-curved bays with fluting to resemble curtains. On the lower stories are narrow windows and elaborate entrances. The massing of 1 Wall Street incorporates numerous small setbacks, and there are chamfers at the corners of the original building. The top of the original building co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irving Trust
The Irving Trust was an American commercial bank headquartered in New York City that operated between 1851 and 1988 when it was acquired by Bank of New York. From 1965, the bank was the principal subsidiary of the Irving Bank Corporation. Between 1913 and 1931, its headquarters was in the Woolworth Building; after 1931, until it was acquired by Bank of New York, its headquarters was located at 1 Wall Street, at what is now known as the BNY Mellon Building. History The bank had its origins in 1851, when the Irving Bank of the City of New York was founded. Since there was not yet a federal currency, each bank issued its own paper for use. The firm was named after Washington Irving, an author, diplomat, and lawyer who had gained an international reputation as America's first man of letters. His portrait appeared on the bank's notes. In June 1865, it converted from a state bank to a bank chartered under the National Bank Act of 1863, and became the Irving National Bank of New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturers Hanover Corporation
Manufacturers Hanover Corporation was an American bank holding company that was formed as parent of Manufacturers Hanover Trust Company (MHT or, informally, Manny Hanny), a large New York City bank formed through a merger in 1961 with ancestor companies, especially the Manufacturers Trust Company, having had a long history in New York banking going back to the 1850s. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Throughout most of its existence, Manufacturers Hanover Trust was the fourth-largest bank in the United States. MHT was both a major money center bank and heavily engaged in retail banking. As such, the bank was known for stability and was well established via its personal accounts base tied to New York branch locations as well as in having a number of large blue-chip corporate customers. It ran several memorable advertising campaigns in the 1970s and also had some prominent sports sponsorship arrangements. Over time ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Setback (architecture)
A setback, in the specific sense of a step-back, is a step-like form of a wall or other building frontage, also termed a recession or recessed story. Step-backs lower the building's center of mass, making it more stable. A setback as a minimum one-bay indent across all stories is called a recessed bay or recess and is the more common exterior form of an alcove. Upper stories forming a step-back may form a belvedere – and in residential use are considered the penthouse. If part of the roof, then they are a loft or attic/ garret. History Setbacks were used by people to increase the height of masonry structures by distributing gravity loads produced by building materials such as clay, stone, or brick. This was achieved by regularly reducing the footprint of each level located successively farther from the ground. Setbacks also allowed the natural erosion to occur without compromising the structural integrity of the building. The most prominent example of a setback techn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demolition
Demolition (also known as razing and wrecking) is the science and engineering in safely and efficiently tearing down buildings and other artificial structures. Demolition contrasts with deconstruction (building), deconstruction, which involves taking a building apart while carefully preserving valuable elements for reuse purposes. For small buildings, such as houses, that are only two or three stories high, demolition is a rather simple process. The building is pulled down either manually or mechanically using large hydraulic equipment: elevated work platforms, cranes, excavators or bulldozers. Larger buildings may require the use of a wrecking ball, a heavy weight on a cable that is swung by a Crane (machine), crane into the side of the buildings. Wrecking balls are especially effective against masonry, but are less easily controlled and often less efficient than other methods. Newer methods may use rotational hydraulic shears and silenced rockbreakers attached to excavat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manhattan Life Insurance Building
The Manhattan Life Insurance Building was a tower on Broadway in the Financial District of Manhattan, New York City. History The original structure at 64–66 Broadway was completed in 1894 to the designs of the architects of Kimball & Thompson, and was slightly extended north in 1904 to 68–70 Broadway. It was the first skyscraper to pass in Manhattan. The building was sold at least twice. In 1926, the Manhattan Life Insurance Company sold the building to Frederick Brown, who then re-sold it to the Manufacturer's Trust Company a few weeks later. Then, in 1928, Central Union Trust Company, whose headquarters were in adjacent structures to the north, bought 70 Broadway for an undisclosed sum, although the building was assessed at that time at $4 million. Following the Central Union Trust Company's sale of the buildings to the north to the Irving Trust Company, which then built a new skyscraper at 1 Wall Street, Central Union Trust moved to the Manhattan Life Building ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise buildings. Skyscrapers may host offices, hotels, residential spaces, and retail spaces. One common feature of skyscrapers is having a steel frame that supports curtain walls. These curtain walls either bear on the framework below or are suspended from the framework above, rather than resting on load-bearing walls of conventional construction. Some early skyscrapers have a steel frame that enables the construction of load-bearing walls taller than those made of reinforced concrete. Modern skyscraper walls are not load-bearing, and most skyscrapers are characterized by large surface areas of windows made possible by steel frames and curtain walls. However, skyscrapers can have curtain walls that mimic conventional walls with a small surfa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broadway (Manhattan)
Broadway () is a street and major thoroughfare in the U.S. state of New York (state), New York. The street runs from Battery Place at Bowling Green (New York City), Bowling Green in the south of Manhattan for through the Boroughs of New York City, borough, over the Broadway Bridge (Manhattan), Broadway Bridge, and through the Bronx, exiting north from New York City to run an additional through the Westchester County, New York, Westchester County municipalities of Yonkers, New York, Yonkers, Hastings-on-Hudson, New York, Hastings-on-Hudson, Dobbs Ferry, New York, Dobbs Ferry, Irvington, New York, Irvington, Tarrytown, New York, Tarrytown, and Sleepy Hollow, New York, Sleepy Hollow, after which the road continues, but is no longer called "Broadway".It is variously called the Albany Post Road and Highland Avenue, or both.There are four other streets named "Broadway" in New York City's remaining three boroughs: one each in Brooklyn (Broadway (Brooklyn), see main article) and Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
