Child World was an American chain of toy stores, founded in Quincy Massachusetts in 1962 and became a publicly traded corporation in 1968 based in Avon, Massachusetts, in 1970 by Sid Shneider and Joseph Arnesano. Child World once boasted 182 stores and revenues of $830 million annually. From 1977 until its closure Child World operated the Children's Palace chain of stores after acquiring it from Kobacker Stores, incorporated most of the aesthetic design features from the latter chain into Child World stores. After the acquisition of Children's Palace in 1975, Child World became the second largest toy retailer in the United States after Toys "R" Us, its chief competitor. In many areas Child World stores were operated close to Toys "R" Us locations. Child World began incorporating elements of the Children's Palace store design into its stores that opened post-merger, with many of the new stores taking on a castle-like design. In 1981 the chain became a subsidiary of Cole National Corporation, a retail ownership group, now a division of Kohlberg Kravis Roberts.
Into the early 1990s, Child World was led by then-President Peter Hayes. The chain was known for a'warehouse' style of merchandising, with long aisles and so-called "over-stock" storage above selling-floor-level shelves. Although sales had begun to decline by the late 1980s, in 1989 the chain announced a new 29,000 sq ft store prototype designed to appeal to customers and real estate developers alike; the first store remodeled into the new prototype was in Framingham, near the Shoppers World mall and key competitor Toys "R" Us, just one block away. The prototype was well-received, with strong first-day openings, good performance in the critical Christmas selling season. Owing to that success, Child World management announced that the new prototype would be used to renovate 11 existing sites, new market expansion would be targeted in 1990, 1991 and 1992 using the new design. However, Child World would not have the chance to implement the design. While the focus of Child World's management was on growing the brand, their fortunes would take a turn for the worse beginning in 1990.
That year, a large portion of his fellow executives were fired from the company. This was followed by a July 1990 recession that lasted until the following March and left customers with less disposable income. Unlike in past years, there were no toy lines deemed "must haves" that could bring crowds into Child World and Children's Palace stores the way crazes like Cabbage Patch Kids and Teddy Ruxpin did in the 1980s; the biggest issue facing Child World was not its effect on business. Instead it was a decision by Cole National to begin restricting the amount of capital they were providing to the stores, which resulted in the company being unable to pay its bills. Vendors such as LEGO responded by refusing to accept orders for new merchandise from Child World, which left stores unable to maintain stocked shelves, its profile was not helped by Toys "R" Us' continued growth, as well as the chain's being named a co-defendant in a lawsuit filed by the Consumer Products Safety Commission. Child World ended fiscal year 1990 with US$830 million in assets, but carried over US$1 billion in liabilities and the final figures showed a deficit of US$192 million.
With no improvement in sight, Cole National began fielding offers for the ailing chain and was about to strike a US$157 million deal with an unnamed buyer, but the deal fell through when the buyer failed to come up with enough capital and no further interest in Child World emerged as the company's financial problems continued to accelerate. Cole National was forced to perform a debt trade with another venture capital firm, Avon Investment Limited Partnership, in 1991 in order to divest itself of the collapsing toy store chain. Cole National gave Avon $30 million in short-term debt in exchange for a larger amount of long-term debt and the remainder of the short-term debt. Avon installed a group of former Toys "R" Us executives who sought to revive Child World, but nothing changed and as 1992 began, the company was forced to close 26 stores and leave certain markets where they underperformed. In April 1992, Child World lost its line of credit and was forced to file for Chapter 11 bankruptcy protection as a result.
In the discovery phase of the case, findings by the presiding judge led a group of former Child World managers and Cole National executives to file a class-action lawsuit against Avon, accusing Avon of deliberately sabotaging the company so they could liquidate it and thus not pay them what they were owed. On May 7, 1992, Child World went public with its bankruptcy filing. 54 more stores were targeted for closure as Child World chose to focus its business on its Northeastern United States stores, which were still profitable at the time. They began to seek new sources of credit with the plan being to keep the remaining 71 stores open for the remainder of 1992 and all of 1993 as Child World worked to get itself out of bankruptcy. However, Child World's attempt to secure a new line of credit was met with opposition from banks that were unwilling to help the company as it continued to post heavy quarterly losses. Thus, Child World found itself in serious danger of having to liquidate its assets and close its doors forever.
The company turned to competitor Lionel Kiddie City, which like Child World was in danger of going out of business. Merger talks began between Kiddie City's parent. A target date for the merger's completion was set for July 12, 1992, with Child World stating it was their last hope to avoid ceasing business, on July 1
The Walt Disney Company
The Walt Disney Company known as Walt Disney or Disney, is an American diversified multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios in Burbank, California. It is the world's largest media conglomerate in terms of revenue, ahead of NBCUniversal and WarnerMedia. Disney was founded on October 16, 1923 by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; the company established itself as a leader in the American animation industry before diversifying into live-action film production and theme parks. Since the 1980s, Disney has created and acquired corporate divisions in order to market more mature content than is associated with its flagship family-oriented brands; the company is known for its film studio division, Walt Disney Studios, which includes Walt Disney Pictures, Walt Disney Animation Studios, Marvel Studios, Lucasfilm, 20th Century Fox, Fox Searchlight Pictures, Blue Sky Studios. Disney's other main divisions are Disney Parks and Products, Disney Media Networks, Walt Disney Direct-to-Consumer and International.
Disney owns and operates the ABC broadcast network. The company has been a component of the Dow Jones Industrial Average since 1991. Cartoon character Mickey Mouse, created in 1928 by Walt Disney and Ub Iwerks, is one of the world's most recognizable characters, serves as the company's official mascot. In early 1923, Kansas City, animator Walt Disney created a short film entitled Alice's Wonderland, which featured child actress Virginia Davis interacting with animated characters. After the bankruptcy in 1923 of his previous firm, Laugh-O-Gram Studio, Disney moved to Hollywood to join his brother, Roy O. Disney. Film distributor Margaret J. Winkler of M. J. Winkler Productions contacted Disney with plans to distribute a whole series of Alice Comedies purchased for $1,500 per reel with Disney as a production partner. Walt and Roy Disney formed Disney Brothers Cartoon Studio that same year. More animated films followed after Alice. In January 1926, with the completion of the Disney studio on Hyperion Street, the Disney Brothers Studio's name was changed to the Walt Disney Studio.
After the demise of the Alice comedies, Disney developed an all-cartoon series starring his first original character, Oswald the Lucky Rabbit, distributed by Winkler Pictures through Universal Pictures. The distributor owned Oswald, so Disney only made a few hundred dollars. Disney completed 26 Oswald shorts before losing the contract in February 1928, due to a legal loophole, when Winkler's husband Charles Mintz took over their distribution company. After failing to take over the Disney Studio, Mintz hired away four of Disney's primary animators to start his own animation studio, Snappy Comedies. In 1928, to recover from the loss of Oswald the Lucky Rabbit, Disney came up with the idea of a mouse character named Mortimer while on a train headed to California, drawing up a few simple drawings; the mouse was renamed Mickey Mouse and starred in several Disney produced films. Ub Iwerks refined Disney's initial design of Mickey Mouse. Disney's first sound film Steamboat Willie, a cartoon starring Mickey, was released on November 18, 1928 through Pat Powers' distribution company.
It was the first Mickey Mouse sound cartoon released, but the third to be created, behind Plane Crazy and The Gallopin' Gaucho. Steamboat Willie was an immediate smash hit, its initial success was attributed not just to Mickey's appeal as a character, but to the fact that it was the first cartoon to feature synchronized sound. Disney used Pat Powers' Cinephone system, created by Powers using Lee de Forest's Phonofilm system. Steamboat Willie premiered at B. S. Moss's Colony Theater in New York City, now The Broadway Theatre. Disney's Plane Crazy and The Gallopin' Gaucho were retrofitted with synchronized sound tracks and re-released in 1929. Disney continued to produce cartoons with Mickey Mouse and other characters, began the Silly Symphony series with Columbia Pictures signing on as Symphonies distributor in August 1929. In September 1929, theater manager Harry Woodin requested permission to start a Mickey Mouse Club which Walt approved. In November, test comics strips were sent to King Features, who requested additional samples to show to the publisher, William Randolph Hearst.
On December 16, the Walt Disney Studios partnership was reorganized as a corporation with the name of Walt Disney Productions, Limited with a merchandising division, Walt Disney Enterprises, two subsidiaries, Disney Film Recording Company and Liled Realty and Investment Company for real estate holdings. Walt and his wife held Roy owned 40 % of WD Productions. On December 30, King Features signed its first newspaper, New York Mirror, to publish the Mickey Mouse comic strip with Walt's permission. In 1932, Disney signed an exclusive contract with Technicolor to produce cartoons in color, beginning with Flowers and Trees. Disney released cartoons through Powers' Celebrity Pictures, Columbia Pictures, United Artists; the popularity of the Mickey Mouse series allowed Disney to plan for his first feature-length animation. The feature film Walt
Stanley Phillip Gold served as President and CEO of Shamrock Holdings, Roy E. Disney's private investment company from 1985 to 2013 and is serving as Chairman of the Board, he was on the Walt Disney Company's board of directors 1984. He and Roy resigned to publicly campaign to oust CEO and Chairman of the Board Michael Eisner, he helped oust CEO Ron W. Miller and hire Eisner in 1984, he has played a leading role at USC and the University of Southern California Law School, sustained Jewish organizations with both his leadership and treasure, been a significant political contributor. Among the artifacts displayed in his study at home are personalized autographs from both Babe Ruth and Stan Musial, he collects Porsche automobiles. Gold was born to a Jewish family in California, he grew up near Dorsey High School. The family moved to the Valley. After graduation from Van Nuys High School, he entered Cal Berkeley. There he dated his future wife, Ilene, he finished his A. B. in political science at U. C. L.
A. and in 1967 earned a law degree at University of Southern California. He went to England for post-graduate work at Cambridge University, he practiced law with Martin Gang at Gang, Ramer & Brown law firm 1968–????. For part of that time he was the managing partner. For a number of years, he specialized in corporate acquisitions and financing. During his business career he served as President of Inc.. President and Chairman of Central Soya Company, Inc. Chairman of Enterra Corporation NYSE: EN and Chairman of Koor Industries Ltd. NYSE: KOR, Chairman of Tadiran Communications, other companies. At a banquet honoring U. S. Ambassador John Marshall Evans he pledged $100,000 to USC's Institute of Armenian Studies. In 2001, he pledged $500,000 to establish the Martin Gang Scholarship Fund at Hebrew Union College. Gold was a fund raiser and donor for Ehud Barak's successful campaign in the Israeli prime ministerial election, 1999. Gold has been a contributor to federal political campaigns for many years to Democrats, both candidates and organizations but to a few Republicans.
He is a supporter of the Two-state solution in the Middle East. In April 2013, Gold was one of 100 prominent American Jews who sent a letter to Israeli Prime Minister Benjamin Netanyahu urging him to "work closely" with Secretary of State John Kerry "to devise pragmatic initiatives, consistent with Israel's security needs, which would represent Israel's readiness to make painful territorial sacrifices for the sake of peace." Sigma Alpha Mu Wilshire Boulevard Temple, past board member University of Southern California, Chairman of the Board of Trustees, mentor to President Steven B. Sample Shamrock's Stanley Gold bio SEC's bio of Stanley Gold Forbes.com profile of Stanley P. Gold Business Week profile
The Harlem Globetrotters are an exhibition basketball team. They combine athleticism and comedy in their style of play. Over the years, they have played more than 26,000 exhibition games in territories; the team's signature song is Brother Bones' whistled version of "Sweet Georgia Brown". Their mascot is an anthropomorphized globe named Globie; the team plays over 450 live events worldwide each year. The team is owned by Herschend Family Entertainment; the executive offices for the team are located in suburban Atlanta. The Globetrotters originated on the south side of Chicago, Illinois, in the 1920s, where all the original players were raised; the Globetrotters began as the Savoy Big Five, one of the premier attractions of the Savoy Ballroom opened in January 1928, a basketball team of African-American players that played exhibitions before dances. In 1928, several players left the team in a dispute; that autumn, those players, led by Tommy Brookins, formed a team called the "Globe Trotters" and toured Southern Illinois that spring.
Abe Saperstein became involved with the team as its promoter. By 1929, Saperstein was touring Illinois and Iowa with his basketball team called the "New York Harlem Globe Trotters". Saperstein selected Harlem, New York, New York, as their home city since Harlem was considered the center of African-American culture at the time and an out-of-town team name would give the team more of a mystique. In fact, the Globetrotters did not play in Harlem until 1968, four decades after the team's formation; the Globetrotters were perennial participants in the World Professional Basketball Tournament, winning it in 1940. In a attended matchup a few years the 1948 Globetrotters–Lakers game, the Globetrotters made headlines when they beat one of the best white basketball teams in the country, the Minneapolis Lakers. Once one of the most famous teams in the country, the Globetrotters were eclipsed by the rise of the National Basketball Association when NBA teams began fielding African-American players in the 1950s.
In 1950, Harlem Globetrotter Chuck Cooper became the first black player to be drafted in the NBA by Boston and teammate Nat "Sweetwater" Clifton became the first African-American player to sign an NBA contract when the New York Knicks purchased his contract from the Globetrotters. The Globetrotters worked comic routines into their act—a direction the team has credited to Reece "Goose" Tatum, who joined in 1941—and became known more for entertainment than sports; the Globetrotters' acts feature incredible coordination and skillful handling of one or more basketballs, such as passing or juggling balls between players, balancing or spinning balls on their fingertips, making unusually difficult shots. In 1952, the Globetrotters invited Louis "Red" Klotz to create a team to accompany them on their tours; this team, the Washington Generals, became the Globetrotters' primary opponents. The Generals are stooges for the Globetrotters, with the Globetrotters handily defeating them in thousands of games.
In 1959, the Globetrotters played nine games in Moscow after Saperstein received an invitation from Vasily Gricorevich, the director of Lenin Central Stadium. The team, which included Wilt Chamberlain, was welcomed enthusiastically by spectators and authorities. However, according to one report, spectators were confused: "A Soviet audience of 14,000 sat silently, as if in awe, through the first half of the game, it warmed up in the second half when it realized the Trotters are more show than competition." The Globetrotters brought their own opponent—not the Washington Generals, but the San Francisco Chinese Basketeers. A review in Pravda stated, "This is not basketball; the American press—particularly Drew Pearson—made note of the fact that the Globetrotters were paid the equivalent of $4,000, which could be spent only in Moscow. The games were used as evidence that U. S.–Soviet relations were improving, that Moscow was backing off its criticism of race relations inside America, that the USSR was becoming more capitalist.
Many famous basketball players have played for the Globetrotters. Greats such as "Wee" Willie Gardner, Connie "The Hawk" Hawkins, Wilt "The Stilt" Chamberlain, Nat "Sweetwater" Clifton went on to join the NBA; the Globetrotters signed their first female player, Olympic gold medalist Lynette Woodard, in 1985. The Globetrotters have featured thirteen female players in their history. Baseball Hall of Famers Ernie Banks, Bob Gibson, Ferguson Jenkins played for the team at one time or another; because nearly all of the team's players have been African American, as a result of the buffoonery involved in many of the Globetrotters' skits, they drew some criticism during the Civil Rights era. The players were accused by some civil-rights advocates of "Tomming for Abe", a reference to Uncle Tom and Jewish owner Abe Saperstein. However, prominent civil rights activist Jesse Jackson came to their defense by stating, "I think they've been a positive influence... They did not show blacks as stupid. On the contrary, they were shown as superior."
In 1995, Orlando Antigua became the first Hispanic player on the team. He was the first non-black player on the Globetrotters' roster since Bob Karstens played with the squad in 1942–43. While parts of a modern
Michael Dammann Eisner is an American businessman. Eisner was the Chairman and Chief Executive Officer of The Walt Disney Company from September 1984 to September 2005. Prior to Disney, Eisner was President and CEO of rival film studio Paramount Pictures from 1976 to 1984, had brief stints at the major television networks: NBC, CBS, ABC. Eisner was born to an secular Jewish family in Mount Kisco, New York, his mother, whose family founded the American Safety Razor Company, was the president of the Irvington Institute, a hospital that treated children with rheumatic fever. His father, Lester Eisner, Jr. was a lawyer and regional administrator of the United States Department of Housing and Urban Development. His great-grandfather, Sigmund Eisner, established a successful clothing company, one of the first uniform suppliers to the Boy Scouts of America and his great-grandmother, Bertha Weiss, belonged to an immigrant family that established the town of Red Bank, New Jersey, he was raised on Park Avenue in Manhattan.
He attended the Allen-Stevenson School kindergarten through ninth grade followed by The Lawrenceville School in 10th through his senior year and graduated from Denison University in 1964 with a Bachelor of Arts degree in English. He is a member of the Delta Upsilon fraternity and credits much of his accomplishments to his time at Keewaydin Canoe Camp for boys in Vermont. Eisner has Margot Freedman. After two brief stints at NBC and CBS, Barry Diller at ABC hired Eisner as Assistant to the National Programming Director. Eisner moved up the ranks becoming a senior vice president in charge of programming and development. In 1976, who had by moved on to become chairman of Paramount Pictures, recruited Eisner from ABC and made him president and CEO of the movie studio. During his tenure at Paramount, the studio produced films such as Saturday Night Fever, the Star Trek film franchise, Ordinary People, Raiders of the Lost Ark, An Officer and a Gentleman, Terms of Endearment, Beverly Hills Cop, Footloose, TV shows such as Happy Days, Laverne & Shirley and Family Ties.
Diller left Paramount on September 30, 1984, and, as his protégé, Eisner expected to assume Diller's position as studio chief. When he was passed over for the job, though, he left to look for work elsewhere and lobbied for the position of CEO of The Walt Disney Company. Since the death of founder Walt Disney in 1966, The Walt Disney Company had narrowly survived several takeover attempts, its shareholders Sid Bass and Roy E. Disney brought in Eisner and former Warner Brothers chief Frank Wells to replace Ron W. Miller in 1984 and strengthen the company. Eisner brought in Jeffrey Katzenberg as Walt Disney Studios chairman. A couple years after becoming Chairman and CEO, Eisner became the presenter of The Wonderful World of Disney TV series, making him the public face of the company as well as its top executive. Although Eisner was not a performer by profession, studio management believed he could do the hosting job, after filming a test video with his wife Jane and a member of his executive team.
Eisner hired Michael Kay, a director of political commercials for then-U. S. Senator Bill Bradley, to help him improve his on-camera performance; as a result, Eisner was well recognized by children at the company's theme parks who asked him for autographs. During the second half of the 1980s and early 1990s, Eisner revitalized Disney. Beginning with the films Who Framed Roger Rabbit and The Little Mermaid, its flagship animation studio enjoyed a series of commercial and critical successes. Disney broadened its adult offerings in film when it acquired Miramax Films in 1993. Under Eisner, Disney acquired many other media sources, including ABC and ESPN. In the early part of the 1990s, Eisner and his partners set out to plan "The Disney Decade", to feature new parks around the world, existing park expansions, new films, new media investments. While some of the proposals were completed, most were not; those completed included the Euro Disney Resort, Disney-MGM Studios, Disney's California Adventure Park, Disney-MGM Studios Paris, various film projects including a Who Framed Roger Rabbit franchise.
In 1993, Katzenberg had lobbied to become Eisner's second in command, which would have meant moving Frank Wells from president to vice chairman, to which Eisner'replied that Wells would feel "hurt" in that scenario'. Wells died in a helicopter crash in 1994; when Eisner did not appoint Katzenberg to Wells' now available post, this caused tensions between the two that led to Katzenberg being fired that year. Katzenberg went on to found DreamWorks SKG, with partners Steven David Geffen. Eisner recalled that "Roy E. Disney, who did not like him at all — I forget the reason, but Jeffrey did not treat him the way that Roy would have wanted to be treated — said to me,'If you make him the president, I will start a proxy fight.'"Eisner recruited his friend Michael Ovitz, one of the founders of the Creative Artists Agency, to be President, with minimal involvement from Disney's board of directors. Ovitz lasted only 14 months, left Disney in December 1996, via a
Bunge Limited is an American agribusiness and food company, incorporated in Bermuda, headquartered in White Plains, New York, United States. As well as being an international soybean exporter, it is involved in food processing, grain trading, fertilizer, it competes with Archer Daniels Midland. The company has 32,000 employees in 40 countries. Bunge y Born was founded in 1818 by Johann Peter Gotlieb Bunge in Amsterdam, it was relocated to Antwerp by Edouard Bounge in 1859. Edouard's brother; the company was converted into the Bermuda-registered Bunge International in 1994, retaining the Bunge y Born name only in Argentina. Bunge remained a held company of 180 shareholders and divested itself in 1998 of all its retail foods interests in favor of a greater role in international agribusiness and commodity markets. Bunge went public on the New York Stock Exchange in 2001, becoming Bunge Limited. In 1994, the Bermuda-registered Bunge International was created as the main company in which the families had shares.
There were around 180 shareholders—the main families were Hirsch, Born, De La Tour. This replaced the older structure in which individual shareholders had stakes in all the different Bunge companies. Now only in Argentina does. In 2001, under the leadership of Alberto Weisser, Bunge was listed on the New York Stock Exchange. Through their three businesses—agribusiness and food products—they have established a leading global presence in the farm-to-consumer food chain. Bunge is the world's largest oilseed processor, the world's number one seller of bottled vegetable oil to consumers and the largest producer and supplier of fertilizers to farmers in South America. In 2004, Bunge acquired parent of oilseed companies Central Soya and CanAmera Foods. In 2008, Bunge acquired a margarine company, from Germany. In 2009, Bunge acquired the margarine business from Raisio Group, maker of functional food ingredients. In 2017, Bunge announced intentions to acquire a 70% stake in IOI Loders Croklaan for $946 million from Malaysian palm oil producer IOI Corp Berhad.
In 2012, Bunge came under criticism from NGO Survival International for sourcing its sugarcane from the ancestral land of the Guaraní people in Brazil. It has been reported by the tribe that crop production has brought pesticides and machinery that has damaged their health, as well as restricting them to a small area that has prevented them from hunting and practicing their traditions. In January 2003, opposition from the tribe had led to the killing of their chief Marcus Vernon by ranchers. In 2012, survivors were requesting Bunge follows the example of the company Raízen, which agreed to stop the sourcing of sugarcane from the area. In May 2017, Glencore in Switzerland began pursuing the acquisition of Bunge. In early June 2017, Bunge hired advisers to help it fend off Glencore's takeover interest. In January 2017, Archer Daniels Midland agreed to sell its crop risk services unit to Validus Holdings for $127.5 million. On January 19, 2018, it was reported that Archer Daniels Midland had approached Bunge Ltd. about a takeover, with details "unclear."
At that point, Bunge had a market value of about $9.8 billion, was still being pursued by Glencore. The company's operations include: originating oilseeds and grains from the world's primary growing regions and transporting them to customers worldwide. In 2006, the United States Environmental Protection Agency filed charges against Bunge company regarding pollution emissions; this involved twelve soybean processing plants and corn mills in eight states throughout the US. The lawsuit claimed Bunge violated the Clean Air Act by constructing major modifications that increased emissions. Bunge was required to implement engineering changes and pollution control projects, estimated to cost $12 million, to reduce emissions at the facilities by 2,200 tons a year; the settlement called for Bunge to pay a cash penalty of $625,000 and to spend $1.25 million to fund community-based environmental projects selected by and to be supervised by the impacted states. The state of Kansas will receive $22,000 of the $625,000 civil penalty, this being issued by the Kansas Department of Health and Environment.
Current team as of August 2017: Soren Schroder, CEO, Bunge Limited Todd Bastean, CEO, Bunge North America Thomas M. Boehlert, Chief Financial Officer, Bunge Limited Gordon Hardie, Managing Director, Food & Ingredients, Bunge Limited Enrique Humanes, CEO, Bunge Southern Cone Tommy Jensen, CEO, Bunge Europe, Middle East & Africa David G. Kabbes, General Counsel and Managing Director, Corporate Affairs Pierre Mauger, Chief Development Officer, Bunge Limited Raul Padilla, CEO, Bunge Brazil Deborah Borg, Executive Vice President - Chief Human Resources Officer, Bunge Limited Brian Thomsen, Managing Director, Bunge Global Agribusiness and CEO, Bunge Product LinesFormer team members: Frank Jimenez, General Counsel and Managing Director, Corporate Affairs, Bunge Limited Christopher White, Senior Advisor, Bunge Limi