Sublime

Pratt hired Gould to survey a tanning site, but was sufficiently impressed that he made him a partner and manager of the projected new tannery. So the pint-sized Gould, barely out of his teens, led fifty workmen into the woods and built virtually a full-scale town, including living and food service quarters, a mule-powered bark crushing plant and c

At the time, of course, no one could know the potential value of these securities. On the face of it, the associates had laid out a total of $10 to $11 million and become primary owners of a corporation capitalized at $31,486,000. As the road developed under expert management, though, it naturally increased sharply in value and earned handsome prof

When Jim Wilfong talks about taxing Poland Spring’s water withdrawals in Maine, he sometimes drops in the word Alaska. It’s a loaded reference, likely to spark thoughts of the Alaska Permanent Fund, a state-run program that puts an annual dividend from the sale of North Slope oil in the pocket of nearly every Alaska resident (in 2007, the dividend

Great Slave Lake, where it was transferred onto lake barges for the 150-mile trip across this huge lake to Fort Providence. When the supplies reached Fort Providence, they were loaded

“In a sense, Waterman was the first LBO,” Wriston recalled.20 McLean’s prize was a formerly debt-free company whose bank loans and ship mortgages soared to $22.6 million at the end of 1955, nearly ten times its $2.3 million of after-tax income. In a step that set the norm for future leveraged buyouts, McLean disposed of unwanted Waterman assets to