Maine is a state in the New England region of the northeastern United States. Maine is the 12th smallest by area, the 9th least populous, the 38th most densely populated of the 50 U. S. states. It is bordered by New Hampshire to the west, the Atlantic Ocean to the southeast, the Canadian provinces of New Brunswick and Quebec to the northeast and northwest respectively. Maine is the easternmost state in the contiguous United States, the northernmost state east of the Great Lakes, it is known for its rocky coastline. There is a humid continental climate throughout most of the state, including in coastal areas such as its most populous city of Portland; the capital is Augusta. For thousands of years, indigenous peoples were the only inhabitants of the territory, now Maine. At the time of European arrival in what is now Maine, several Algonquian-speaking peoples inhabited the area; the first European settlement in the area was by the French in 1604 on Saint Croix Island, by Pierre Dugua, Sieur de Mons.
The first English settlement was the short-lived Popham Colony, established by the Plymouth Company in 1607. A number of English settlements were established along the coast of Maine in the 1620s, although the rugged climate and conflict with the local peoples caused many to fail over the years; as Maine entered the 18th century, only a half dozen European settlements had survived. Loyalist and Patriot forces contended for Maine's territory during the American Revolution and the War of 1812. During the War of 1812, the largely-undefended eastern region of Maine was occupied by British forces, but returned to the United States after the war following major defeats in New York and Louisiana, as part of a peace treaty, to include dedicated land on the Michigan peninsula for Native American peoples. Maine was part of the Commonwealth of Massachusetts until 1820, when it voted to secede from Massachusetts to become a separate state. On March 15, 1820, under the Missouri Compromise, it was admitted to the Union as the 23rd state.
There is no definitive explanation for the origin of the name "Maine", but the most origin is that the name was given by early explorers after the former province of Maine in France. Whatever the origin, the name was fixed for English settlers in 1665 when the English King's Commissioners ordered that the "Province of Maine" be entered from on in official records; the state legislature in 2001 adopted a resolution establishing Franco-American Day, which stated that the state was named after the former French province of Maine. Other theories mention earlier places with similar names, or claim it is a nautical reference to the mainland. Attempts to uncover the history of the name of Maine began with James Sullivan's 1795 "History of the District of Maine", he made the unsubstantiated claim that the Province of Maine was a compliment to the queen of Charles I, Henrietta Maria, who once "owned" the Province of Maine in France. This was quoted by Maine historians until the 1845 biography of that queen by Agnes Strickland established that she had no connection to the province.
A new theory, put forward by Carol B. Smith Fisher in 2002, is that Sir Ferdinando Gorges chose the name in 1622 to honor the village where his ancestors first lived in England, rather than the province in France. "MAINE" appears in the Domesday Book of 1086 in reference to the county of Dorset, today Broadmayne, just southeast of Dorchester. The view held among British place name scholars is that Mayne in Dorset is Brythonic, corresponding to modern Welsh "maen", plural "main" or "meini"; some early spellings are: MAINE 1086, MEINE 1200, MEINES 1204, MAYNE 1236. Today the village is known as Broadmayne, primitive Welsh or Brythonic, "main" meaning rock or stone, considered a reference to the many large sarsen stones still present around Little Mayne farm, half a mile northeast of Broadmayne village; the first known record of the name appears in an August 10, 1622 land charter to Sir Ferdinando Gorges and Captain John Mason, English Royal Navy veterans, who were granted a large tract in present-day Maine that Mason and Gorges "intend to name the Province of Maine".
Mason had served with the Royal Navy in the Orkney Islands, where the chief island is called Mainland, a possible name derivation for these English sailors. In 1623, the English naval captain Christopher Levett, exploring the New England coast, wrote: "The first place I set my foote upon in New England was the Isle of Shoals, being Ilands in the sea, above two Leagues from the Mayne." Several tracts along the coast of New England were referred to as Main or Maine. A reconfirmed and enhanced April 3, 1639, from England's King Charles I, gave Sir Ferdinando Gorges increased powers over his new province and stated that it "shall forever hereafter, be called and named the PROVINCE OR COUNTIE OF MAINE, not by any other name or names whatsoever..." Maine is the only U. S. state whose name has one syllable. The original inhabitants of the territory, now Maine were Algonquian-speaking Wabanaki peoples, including the Passamaquoddy, Penobscot and Kennebec. During the King Philip's War, many of these peoples would merge in one form or another to become the Wabanaki Confederacy, aiding the Wampanoag of Massachusetts & the Mahican of New York.
Afterwards, many of these people were driven from their natural territories, but most of the tribes of Maine continued, until the American Revolution
Colorado is a state of the Western United States encompassing most of the southern Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains. It is the 8th most extensive and 21st most populous U. S. state. The estimated population of Colorado was 5,695,564 on July 1, 2018, an increase of 13.25% since the 2010 United States Census. The state was named for the Colorado River, which early Spanish explorers named the Río Colorado for the ruddy silt the river carried from the mountains; the Territory of Colorado was organized on February 28, 1861, on August 1, 1876, U. S. President Ulysses S. Grant signed Proclamation 230 admitting Colorado to the Union as the 38th state. Colorado is nicknamed the "Centennial State" because it became a state one century after the signing of the United States Declaration of Independence. Colorado is bordered by Wyoming to the north, Nebraska to the northeast, Kansas to the east, Oklahoma to the southeast, New Mexico to the south, Utah to the west, touches Arizona to the southwest at the Four Corners.
Colorado is noted for its vivid landscape of mountains, high plains, canyons, plateaus and desert lands. Colorado is part of the western and southwestern United States, is one of the Mountain States. Denver is most populous city of Colorado. Residents of the state are known as Coloradans, although the antiquated term "Coloradoan" is used. Colorado is notable for its diverse geography, which includes alpine mountains, high plains, deserts with huge sand dunes, deep canyons. In 1861, the United States Congress defined the boundaries of the new Territory of Colorado by lines of latitude and longitude, stretching from 37°N to 41°N latitude, from 102°02'48"W to 109°02'48"W longitude. After 158 years of government surveys, the borders of Colorado are now defined by 697 boundary markers and 697 straight boundary lines. Colorado and Utah are the only states that have their borders defined by straight boundary lines with no natural features; the southwest corner of Colorado is the Four Corners Monument at 36°59'56"N, 109°2'43"W.
This is the only place in the United States where four states meet: Colorado, New Mexico and Utah. The summit of Mount Elbert at 14,440 feet elevation in Lake County is the highest point in Colorado and the Rocky Mountains of North America. Colorado is the only U. S. state that lies above 1,000 meters elevation. The point where the Arikaree River flows out of Yuma County and into Cheyenne County, Kansas, is the lowest point in Colorado at 3,317 feet elevation; this point, which holds the distinction of being the highest low elevation point of any state, is higher than the high elevation points of 18 states and the District of Columbia. A little less than half of Colorado is flat and rolling land. East of the Rocky Mountains are the Colorado Eastern Plains of the High Plains, the section of the Great Plains within Nebraska at elevations ranging from 3,350 to 7,500 feet; the Colorado plains are prairies but include deciduous forests and canyons. Precipitation averages 15 to 25 inches annually. Eastern Colorado is presently farmland and rangeland, along with small farming villages and towns.
Corn, hay and oats are all typical crops. Most villages and towns in this region boast both a grain elevator. Irrigation water is available from subterranean sources. Surface water sources include the South Platte, the Arkansas River, a few other streams. Subterranean water is accessed through artesian wells. Heavy use of wells for irrigation caused underground water reserves to decline. Eastern Colorado hosts considerable livestock, such as hog farms. 70% of Colorado's population resides along the eastern edge of the Rocky Mountains in the Front Range Urban Corridor between Cheyenne and Pueblo, Colorado. This region is protected from prevailing storms that blow in from the Pacific Ocean region by the high Rockies in the middle of Colorado; the "Front Range" includes Denver, Fort Collins, Castle Rock, Colorado Springs, Pueblo and other townships and municipalities in between. On the other side of the Rockies, the significant population centers in Western Colorado are the cities of Grand Junction and Montrose.
The Continental Divide of the Americas extends along the crest of the Rocky Mountains. The area of Colorado to the west of the Continental Divide is called the Western Slope of Colorado. West of the Continental Divide, water flows to the southwest via the Colorado River and the Green River into the Gulf of California. Within the interior of the Rocky Mountains are several large parks which are high broad basins. In the north, on the east side of the Continental Divide is the North Park of Colorado; the North Park is drained by the North Platte River, which flows north into Nebraska. Just to the south of North Park, but on the western side of the Continental Divide, is the Middle Park of Colorado, drained by the Colorado River; the South Park of Colorado is the region of the headwaters of the South Platte River. In southmost Colorado is the large San Luis Valley, where the headwaters of the Rio Grande are located; the valley sits between the Sangre De Cristo Mountains and San Juan Mountains, consists of large desert lands that run into the mountains.
The Rio Grande drains due south into New Mexico and Texas. Across the Sangre de Cristo Range to the east of the S
Ohio is a Midwestern state in the Great Lakes region of the United States. Of the fifty states, it is the 34th largest by area, the seventh most populous, the tenth most densely populated; the state's capital and largest city is Columbus. The state takes its name from the Ohio River, whose name in turn originated from the Seneca word ohiːyo', meaning "good river", "great river" or "large creek". Partitioned from the Northwest Territory, Ohio was the 17th state admitted to the Union on March 1, 1803, the first under the Northwest Ordinance. Ohio is known as the "Buckeye State" after its Ohio buckeye trees, Ohioans are known as "Buckeyes". Ohio rose from the wilderness of Ohio Country west of Appalachia in colonial times through the Northwest Indian Wars as part of the Northwest Territory in the early frontier, to become the first non-colonial free state admitted to the union, to an industrial powerhouse in the 20th century before transmogrifying to a more information and service based economy in the 21st.
The government of Ohio is composed of the executive branch, led by the Governor. Ohio occupies 16 seats in the United States House of Representatives. Ohio is known for its status as both a bellwether in national elections. Six Presidents of the United States have been elected. Ohio is an industrial state, ranking 8th out of 50 states in GDP, is the second largest producer of automobiles behind Michigan. Ohio's geographic location has proven to be an asset for economic expansion; because Ohio links the Northeast to the Midwest, much cargo and business traffic passes through its borders along its well-developed highways. Ohio has the nation's 10th largest highway network and is within a one-day drive of 50% of North America's population and 70% of North America's manufacturing capacity. To the north, Lake Erie gives Ohio 312 miles of coastline. Ohio's southern border is defined by the Ohio River, much of the northern border is defined by Lake Erie. Ohio's neighbors are Pennsylvania to the east, Michigan to the northwest, Lake Erie to the north, Indiana to the west, Kentucky on the south, West Virginia on the southeast.
Ohio's borders were defined by metes and bounds in the Enabling Act of 1802 as follows: Bounded on the east by the Pennsylvania line, on the south by the Ohio River, to the mouth of the Great Miami River, on the west by the line drawn due north from the mouth of the Great Miami aforesaid, on the north by an east and west line drawn through the southerly extreme of Lake Michigan, running east after intersecting the due north line aforesaid, from the mouth of the Great Miami until it shall intersect Lake Erie or the territorial line, thence with the same through Lake Erie to the Pennsylvania line aforesaid. Ohio is bounded by the Ohio River, but nearly all of the river itself belongs to Kentucky and West Virginia. In 1980, the U. S. Supreme Court held that, based on the wording of the cessation of territory by Virginia, the boundary between Ohio and Kentucky is the northern low-water mark of the river as it existed in 1792. Ohio has only that portion of the river between the river's 1792 low-water mark and the present high-water mark.
The border with Michigan has changed, as a result of the Toledo War, to angle northeast to the north shore of the mouth of the Maumee River. Much of Ohio features glaciated till plains, with an exceptionally flat area in the northwest being known as the Great Black Swamp; this glaciated region in the northwest and central state is bordered to the east and southeast first by a belt known as the glaciated Allegheny Plateau, by another belt known as the unglaciated Allegheny Plateau. Most of Ohio is of low relief, but the unglaciated Allegheny Plateau features rugged hills and forests; the rugged southeastern quadrant of Ohio, stretching in an outward bow-like arc along the Ohio River from the West Virginia Panhandle to the outskirts of Cincinnati, forms a distinct socio-economic unit. Geologically similar to parts of West Virginia and southwestern Pennsylvania, this area's coal mining legacy, dependence on small pockets of old manufacturing establishments, distinctive regional dialect set this section off from the rest of the state.
In 1965 the United States Congress passed the Appalachian Regional Development Act, an attempt to "address the persistent poverty and growing economic despair of the Appalachian Region." This act defines 29 Ohio counties as part of Appalachia. While 1/3 of Ohio's land mass is part of the federally defined Appalachian region, only 12.8% of Ohioans live there Significant rivers within the state include the Cuyahoga River, Great Miami River, Maumee River, Muskingum River, Scioto River. The rivers in the northern part of the state drain into the northern Atlantic Ocean via Lake Erie and the St. Lawrence River, the rivers in the southern part of the state drain into the Gulf of Mexico via the Ohio River and the Mississippi; the worst weather disaster in Ohio history occurred along the Great Miami River in 1913. Known as the Great Dayton Flood, the entire Miami River watershed flooded, including the downtown business district of Dayton; as a result, the Miami Conservancy District was created as the first major flood plain engineering project in Ohio and the United States.
Grand Lake St. Marys in the west-central part of the state was constructed as a supply of water for ca
Wyoming is a state in the mountain region of the western United States. The state is the 10th largest by area, the least populous, the second most sparsely populated state in the country. Wyoming is bordered on the north by Montana, on the east by South Dakota and Nebraska, on the south by Colorado, on the southwest by Utah, on the west by Idaho and Montana; the state population was estimated at 577,737 in 2018, less than 31 of the most populous U. S. cities including Denver in neighboring Colorado. Cheyenne is the state capital and the most populous city, with an estimated population of 63,624 in 2017; the western two-thirds of the state is covered by the mountain ranges and rangelands of the Rocky Mountains, while the eastern third of the state is high elevation prairie called the High Plains. Half of the land in Wyoming is owned by the U. S. government, leading Wyoming to rank sixth by area and fifth by proportion of a state's land owned by the federal government. Federal lands include two national parks—Grand Teton and Yellowstone—two national recreation areas, two national monuments, several national forests, historic sites, fish hatcheries, wildlife refuges.
Original inhabitants of the region include the Crow, Arapaho and Shoshone. Southwestern Wyoming was in the Spanish Empire and Mexican territory until it was ceded to the United States in 1848 at the end of the Mexican–American War; the region acquired the name Wyoming when a bill was introduced to the U. S. Congress in 1865 to provide a "temporary government for the territory of Wyoming"; the name was used earlier for the Wyoming Valley in Pennsylvania, is derived from the Munsee word xwé:wamənk, meaning "at the big river flat". The main drivers of Wyoming's economy are mineral extraction—mostly coal, natural gas, trona—and tourism. Agricultural commodities include livestock, sugar beets and wool; the climate is semi-arid and continental and windier than the rest of the U. S. with greater temperature extremes. Wyoming has been a politically conservative state since the 1950s, with the Republican Party candidate winning every presidential election except 1964. Wyoming's climate is semi-arid and continental, is drier and windier in comparison to most of the United States with greater temperature extremes.
Much of this is due to the topography of the state. Summers in Wyoming are warm with July high temperatures averaging between 85 and 95 °F in most of the state. With increasing elevation, this average drops with locations above 9,000 feet averaging around 70 °F. Summer nights throughout the state are characterized by a rapid cooldown with the hottest locations averaging in the 50–60 °F range at night. In most of the state, most of the precipitation tends to fall in early summer. Winters are cold, but are variable with periods of sometimes extreme cold interspersed between mild periods, with Chinook winds providing unusually warm temperatures in some locations. Wyoming is a dry state with much of the land receiving less than 10 inches of rainfall per year. Precipitation depends on elevation with lower areas in the Big Horn Basin averaging 5–8 inches; the lower areas in the North and on the eastern plains average around 10–12 inches, making the climate there semi-arid. Some mountain areas do receive a good amount of precipitation, 20 inches or more, much of it as snow, sometimes 200 inches or more annually.
The state's highest recorded temperature is 114 °F at Basin on July 12, 1900 and the lowest recorded temperature is −66 °F at Riverside on February 9, 1933. The number of thunderstorm days vary across the state with the southeastern plains of the state having the most days of thunderstorm activity. Thunderstorm activity in the state is highest during early summer; the southeastern corner of the state is the most vulnerable part of the state to tornado activity. Moving away from that point and westwards, the incidence of tornadoes drops with the west part of the state showing little vulnerability. Tornadoes, where they occur, tend to be small and brief, unlike some of those that occur farther east; as specified in the designating legislation for the Territory of Wyoming, Wyoming's borders are lines of latitude 41°N and 45°N, longitude 104°3'W and 111°3'W, making the shape of the state a latitude-longitude quadrangle. Wyoming is one of only three states to have borders along only straight latitudinal and longitudinal lines, rather than being defined by natural landmarks.
Due to surveying inaccuracies during the 19th century, Wyoming's legal border deviates from the true latitude and longitude lines by up to half of a mile in some spots in the mountainous region along the 45th parallel. Wyoming is bordered on the north by Montana, on the east by South Dakota and Nebraska, on the south by Colorado, on the southwest by Utah, on the west by Idaho, it is the tenth largest state in the United States in total area, containing 97,814 square miles and is made up of 23 counties. From the north border to the south border it is 276 miles; the Great Plains meet the Rocky Mountains in Wyoming. The state is a great plateau broken by many mountain ranges. Surface elevations range from the summit of Gannett Peak in the Wind River Mountain Range, at 13,804 feet, to the Belle Fourche River val
Minnesota is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U. S. state on May 11, 1858, created from the eastern half of the Minnesota Territory. The state has a large number of lakes, is known by the slogan the "Land of 10,000 Lakes", its official motto is L'Étoile du Nord. Minnesota is the 12th largest in area and the 22nd most populous of the U. S. states. This area is the center of transportation, industry and government, while being home to an internationally known arts community; the remainder of the state consists of western prairies now given over to intensive agriculture. Minnesota was inhabited by various indigenous peoples for thousands of years prior to the arrival of Europeans. French explorers and fur traders began exploring the region in the 17th century, encountering the Dakota and Ojibwe/Anishinaabe tribes. Much of what is today Minnesota was part of the vast French holding of Louisiana, purchased by the United States in 1803.
Following several territorial reorganizations, Minnesota in its current form was admitted as the country's 32nd state on May 11, 1858. Like many Midwestern states, it remained centered on lumber and agriculture. During the 19th and early 20th centuries, a large number of European immigrants from Scandinavia and Germany, began to settle the state, which remains a center of Scandinavian American and German American culture. In recent decades, immigration from Asia, the Horn of Africa, the Middle East, Latin America has broadened its demographic and cultural composition; the state's economy has diversified, shifting from traditional activities such as agriculture and resource extraction to services and finance. Minnesota's standard of living index is among the highest in the United States, the state is among the best-educated and wealthiest in the nation; the word Minnesota comes from the Dakota name for the Minnesota River: The river got its name from one of two words in the Dakota language,'Mní sóta' which means "clear blue water", or'Mnißota', which means cloudy water.
Native Americans demonstrated the name to early settlers by dropping milk into water and calling it mnisota. Many places in the state have similar names, such as Minnehaha Falls, Minneota, Minnetonka and Minneapolis, a combination of mni and polis, the Greek word for "city". Minnesota is the second northernmost U. S. state and northernmost contiguous state. Its isolated Northwest Angle in Lake of the Woods county is the only part of the 48 contiguous states lying north of the 49th parallel; the state is part of the U. S. region known as part of North America's Great Lakes Region. It shares a Lake Superior water border with Michigan and a land and water border with Wisconsin to the east. Iowa is to the south, North Dakota and South Dakota are to the west, the Canadian provinces of Ontario and Manitoba are to the north. With 86,943 square miles, or 2.25% of the United States, Minnesota is the 12th-largest state. Minnesota has gneisses that are about 3.6 billion years old. About 2.7 billion years ago, basaltic lava poured out of cracks in the floor of the primordial ocean.
The roots of these volcanic mountains and the action of Precambrian seas formed the Iron Range of northern Minnesota. Following a period of volcanism 1.1 billion years ago, Minnesota's geological activity has been more subdued, with no volcanism or mountain formation, but with repeated incursions of the sea, which left behind multiple strata of sedimentary rock. In more recent times, massive ice sheets at least one kilometer thick ravaged the state's landscape and sculpted its terrain; the Wisconsin glaciation left 12,000 years ago. These glaciers covered all of Minnesota except the far southeast, an area characterized by steep hills and streams that cut into the bedrock; this area is known as the Driftless Zone for its absence of glacial drift. Much of the remainder of the state outside the northeast has 50 feet or more of glacial till left behind as the last glaciers retreated. Gigantic Lake Agassiz formed in the northwest 13,000 years ago, its bed created the fertile Red River valley, its outflow, glacial River Warren, carved the valley of the Minnesota River and the Upper Mississippi downstream from Fort Snelling.
Minnesota is geologically quiet today. The state's high point is Eagle Mountain at 2,301 feet, only 13 miles away from the low of 601 feet at the shore of Lake Superior. Notwithstanding dramatic local differences in elevation, much of the state is a rolling peneplain. Two major drainage divides meet in Minnesota's northeast in rural Hibbing, forming a triple watershed. Precipitation can follow the Mississippi River south to the Gulf of Mexico, the Saint Lawrence Seaway east to the Atlantic Ocean, or the Hudson Bay watershed to the Arctic Ocean; the state's nickname, "Land of 10,000 Lakes", is apt, as there are 11,842 Minnesota lakes over 10 acres in size. Minnesota's portion of Lake Superior is the largest at 962,700 acres and deepest body of wate
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals. They are identified with the firm through leadership or ownership. Owner-manager entrepreneurial firms are not considered to be family businesses because they lack the multi-generational dimension and family influence that create the unique dynamics and relationships of family businesses. Family business is the most common model of economic organization; the vast majority of businesses throughout the world—from corner shops to multinational publicly listed organizations with hundreds of thousands of employees—can be considered family businesses. Based on research of the Forbes 400 richest Americans, 44% of the Forbes 400 member fortunes were derived by being a member of or in association with a family business.
The economic prevalence and importance of this kind of business are underestimated. Throughout most of the 20th century and economists were intrigued by a newer, “improved” model: large publicly traded companies run in an rational, bureaucratic manner by well trained “organization men.” Entrepreneurial and family firms, with their specific management models and complicated psychological processes fell short by comparison. Owned or family-controlled enterprises are not always easy to study. In many cases, they are not subject to financial reporting requirements, little information is made public about financial performance. Ownership may be distributed through trusts or holding companies, family members themselves may not be informed about the ownership structure of their enterprise. However, as the 21st-century global economic model replaces the old industrial model, government policy makers and academics turn to entrepreneurial and family enterprises as a prime source of wealth creation and employment.
In some countries, many of the largest publicly listed. A firm is said to be family-owned; some of the world's largest family-run businesses are Samsung Group and Tata Group. The "Global Family Business Index" comprises the largest 500 family firms around the globe. In this index—published for a first time in 2015 by Center for Family Business University of St. Gallen and EY—for a held firm, a firm is classified as a family firm in case a family controls more than 50% of the voting rights. For a publicly listed firm, a firm is classified as a family firm in case the family holds at least 32% of the voting rights. Family owned. In a family business, two or more members within the management team are drawn from the owning family. Family businesses can have owners. Family businesses may be managed by individuals who are not members of the family. However, family members are involved in the operations of their family business in some capacity and, in smaller companies one or more family members are the senior officers and managers.
In India, many businesses that are now public companies were once family businesses. Family participation as managers and/or owners of a business can strengthen the company because family members are loyal and dedicated to the family enterprise. However, family participation as managers and/or owners of a business can present unique problems because the dynamics of the family system and the dynamics of the business systems are not in balance; the interests of a family member may not be aligned with the interest of the business. For example, if a family member wants to be president but is not as competent as a non-family member, the personal interest of the family member and the well being of the business may be in conflict; the interests of the entire family may not be balanced with the interests of their business. For example, if a family needs its business to distribute funds for living expenses and retirement but the business requires those to stay competitive, the interests of the entire family and the business are not aligned.
The interest of one family member may not be aligned with another family member. For example, a family member, an owner may want to sell the business to maximize their return, but a family member, an owner and a manager may want to keep the company because it represents their career and they want their children to have the opportunity to work in the company; the challenge for business families is that family and business roles involve different and sometimes conflicting values and actions. For example, family members put a high priority on emotional capital—the family success that unites them through consecutive generations. Executives in the business are concerned about strategy and social capital—the reputation of their firm in the marketplace. Owners are interested in financial capital—performance in terms of wealth creation. A three-circles model is used to show the three principal roles in a family-owned or -controlled organization: Family and Management; this model shows. Everyone in the family belongs to the Family circle, but some family members will never own shares in the family business, or work there.
A family member is concerned with social ca
The New York Times
The New York Times is an American newspaper based in New York City with worldwide influence and readership. Founded in 1851, the paper has won more than any other newspaper; the Times is ranked 17th in the world by circulation and 2nd in the U. S; the paper is owned by The New York Times Company, publicly traded and is controlled by the Sulzberger family through a dual-class share structure. It has been owned by the family since 1896. G. Sulzberger, the paper's publisher, his father, Arthur Ochs Sulzberger Jr. the company's chairman, are the fourth and fifth generation of the family to helm the paper. Nicknamed "The Gray Lady", the Times has long been regarded within the industry as a national "newspaper of record"; the paper's motto, "All the News That's Fit to Print", appears in the upper left-hand corner of the front page. Since the mid-1970s, The New York Times has expanded its layout and organization, adding special weekly sections on various topics supplementing the regular news, editorials and features.
Since 2008, the Times has been organized into the following sections: News, Editorials/Opinions-Columns/Op-Ed, New York, Sports of The Times, Science, Home and other features. On Sunday, the Times is supplemented by the Sunday Review, The New York Times Book Review, The New York Times Magazine and T: The New York Times Style Magazine; the Times stayed with the broadsheet full-page set-up and an eight-column format for several years after most papers switched to six, was one of the last newspapers to adopt color photography on the front page. The New York Times was founded as the New-York Daily Times on September 18, 1851. Founded by journalist and politician Henry Jarvis Raymond and former banker George Jones, the Times was published by Raymond, Jones & Company. Early investors in the company included Edwin B. Morgan, Christopher Morgan, Edward B. Wesley. Sold for a penny, the inaugural edition attempted to address various speculations on its purpose and positions that preceded its release: We shall be Conservative, in all cases where we think Conservatism essential to the public good.
We do not believe that everything in Society is either right or wrong. In 1852, the newspaper started a western division, The Times of California, which arrived whenever a mail boat from New York docked in California. However, the effort failed. On September 14, 1857, the newspaper shortened its name to The New-York Times. On April 21, 1861, The New York Times began publishing a Sunday edition to offer daily coverage of the Civil War. One of the earliest public controversies it was involved with was the Mortara Affair, the subject of twenty editorials in the Times alone; the main office of The New York Times was attacked during the New York City Draft Riots. The riots, sparked by the beginning of drafting for the Union Army, began on July 13, 1863. On "Newspaper Row", across from City Hall, Henry Raymond stopped the rioters with Gatling guns, early machine guns, one of which he manned himself; the mob diverted, instead attacking the headquarters of abolitionist publisher Horace Greeley's New York Tribune until being forced to flee by the Brooklyn City Police, who had crossed the East River to help the Manhattan authorities.
In 1869, Henry Raymond died, George Jones took over as publisher. The newspaper's influence grew in 1870 and 1871, when it published a series of exposés on William Tweed, leader of the city's Democratic Party—popularly known as "Tammany Hall" —that led to the end of the Tweed Ring's domination of New York's City Hall. Tweed had offered The New York Times five million dollars to not publish the story. In the 1880s, The New York Times transitioned from supporting Republican Party candidates in its editorials to becoming more politically independent and analytical. In 1884, the paper supported Democrat Grover Cleveland in his first presidential campaign. While this move cost The New York Times a portion of its readership among its more progressive and Republican readers, the paper regained most of its lost ground within a few years. After George Jones died in 1891, Charles Ransom Miller and other New York Times editors raised $1 million dollars to buy the Times, printing it under the New York Times Publishing Company.
However, the newspaper was financially crippled by the Panic of 1893, by 1896, the newspaper had a circulation of less than 9,000, was losing $1,000 a day. That year, Adolph Ochs, the publisher of the Chattanooga Times, gained a controlling interest in the company for $75,000. Shortly after assuming control of the paper, Ochs coined the paper's slogan, "All The News That's Fit To Print"; the slogan has appeared in the paper since September 1896, has been printed in a box in the upper left hand corner of the front page since early 1897. The slogan was a jab at competing papers, such as Joseph Pulitzer's New York World and William Randolph Hearst's New York Journal, which were known for a lurid and inaccurate reporting of facts and opinions, described by the end of the century as "yellow journalism". Under Ochs' guidance, aided by Carr