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Closely held corporations Closely held corporations
Closely Held Corporations Closely held firms are those in which a small group of shareholders control the operating and managerial policies of the firm. Over 90 percent of all businesses in the United States are closely held. These firms differ from most publicly traded firms, in which ownership is... Read more
Bette Clair McMurray Bette Clair McMurray
Bette Clair McMurray Betty Clair McMurray (1924-1980) was a typist who invented Liquid Paper. Bette Clair McMurray dropped out of school when she was seventeen because of disciplinary difficulties. In the 1940s there were very few jobs open to young women. She could not type, but she got a... Read more
Firm Offer Firm Offer
FIRM OFFER A definite and binding proposal, in writing, to enter into a contractual agreement. A firm offer generally states that it will remain open for a certain set time period during which it is incapable of being revoked. Firm offers are frequently made by merchants who wish to buy or sell... Read more
Mahlon Pitney Mahlon Pitney
PITNEY, MAHLON Mahlon Pitney served as an associate justice of the U.S. Supreme Court from 1912 to 1922. A lawyer, legislator, and New Jersey Supreme Court judge before his appointment, Pitney was a judicial conservative who believed in "liberty of contract" and who generally opposed efforts to... Read more
Walter Heilprin Pollak Walter Heilprin Pollak
POLLAK, WALTER HEILPRIN Walter Heilprin Pollak was a lawyer and civil libertarian who is credited with convincing the U.S. Supreme Court to first adopt the incorporation doctrine, which the Court has used to extend most of the provisions of the bill of rights to limit actions by state and local... Read more
Thomas Willing Thomas Willing
Thomas Willing 1731-1821, American merchant and financier, b. Philadelphia. He studied law in London. Returning to Philadelphia in 1749, he entered his father's business and later established with Robert Morris (1734-1806) a prominent importing and exporting firm in Philadelphia. He was elected... Read more
Dean Rusk Dean Rusk
Dean Rusk (David Dean Rusk), 1909-94, U.S. secretary of state (1961-69), b. Cherokee co., Ga. After teaching (1934-40) and serving in World War II, he entered (1946) the Dept. of State. In 1950 he became assistant secretary of state for Far Eastern Affairs and played a major role in the U.S.... Read more
Harry S Truman Harry S Truman
Harry S. Truman 1884-1972, 33d President of the United States, b. Lamar, Mo. Early Life and Political Career He grew up on a farm near Independence, Mo., worked at various jobs, and tended the family farm. He served as a captain of field artillery in France in World War I. On his return from the... Read more
Franklin Delano Roosevelt Franklin Delano Roosevelt
Franklin Delano Roosevelt , 1882-1945, 32d President of the United States (1933-45), b. Hyde Park, N.Y. Early Life Through both his father, James Roosevelt, and his mother, Sara Delano Roosevelt, he came of old, wealthy families. After studying at Groton, Harvard (B.A., 1904), and Columbia Univ.... Read more
Codetermination Codetermination
Codetermination BIBLIOGRAPHY Codetermination guarantees worker representation in the management of a firm. It is commonly found in coordinated market economies such as Germany. Liberal market economies, such as the United States, typically do not legislate mandatory worker representation in... Read more

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