A business man, an entrepreneur, enterpriser, there’s a small range of things H. Wayne Huizenga is not. From building an empire of sports franchises, including baseball’s Florida Marlins; hockey’s Florida Panthers; and football’s Miami Dolphins, to turning struggling companies into huge enterprises like blockbuster and waste management, there is no doubt the limitations of H Wayne Huizenga. Many would claim Huizenga is an alchemist, because of his history of turning anything into gold. Harry Wayne Huizenga was born on December 29, 1939, at the Little Company of Mary Hospital in Evergreen Park, a small town in Chicago. Huizenga’s parents were Dutch immigrants who moved to the U.S. seeking work. His dad, Gerrit Harry Huizenga was a …show more content…
After that, Huizenga decided to join the army briefly and arrived back to receive a job as a garbage truck driver from his dad’s friend in Pompano Beach, Florida. Huizenga received advice from his dad “You can’t make any real money working for someone” and he decided to take it and start his own garbage collection business in 1962, and named it Southern Sanitation Service. With a little financial help from his father-in-law, he started with one garbage truck and due to the expeditious growth in Southern Florida, his business skyrocketed. In 1968, Huizenga renamed his business Waste Management which today is the world’s biggest garbage collection company. After much success with waste management, including buying 90 competing trash collection companies and annual revenue at excess of $1 billion a year, Huizenga decided to leave WM and went on to buying hotels, warehouses, pest control companies, office building, etc. In 1987, a former associate a WM had persuaded Huizenga to look into blockbuster. Huizenga then bought 43% of the company at $18 million. By 1991 blockbuster had expanded world-wide with more than 2,000 stores. In 1994 Huizenga sold his shares of blockbuster for $8.4 billion to Viacom Inc. (owners of MTV). Huizenga then switched his focus to sports. Huizenga bought 15% of the Miami Dolphins and would later go on to purchasing the rest of the team, as well becoming the owner of the Marlins. He sold the team before their 1997 World Series win, but made it up to the city of Miami by spending $50 million to win a NHL expansion team, the Florida panthers. Today H Wayne Huizenga is worth 2.6 billion with business ties ranging from Theme parks, auto motives, and entertainment groups, along with being chairman of growing hotel chain; Extended
Oscar De La Hoya is a famous professional boxer. He is known all over the world for his looks, talent in the ring and his great sportsmanship. He is one of the best fighters in the field of boxing and a good role model for young children in the world today. PERSONAL Oscar De La Hoya lives and was born in East Los Angeles, California on February 4, 1973. His parents names are Joel, a former professional boxer from Durango, Mexico, and Dona Cecilia De La Hoya.
In 1985, Blockbuster opened its first store in Dallas, Texas. After the first few stores opened, founder David Cook built a six million dollar warehouse, which could pull and package multiple stores in a day. Blockbuster’s ability to customize a store to its neighborhood, loading it up with films geared specifically to demographic profiles in addition to the popular new releases, and a sizable collection of catalog titles. Blockbuster had instant success. In the early 1980’s and 1990’s Blockbuster put neighborhood mom and pop video stores out of business by offering better selection and convenience. However, success like that enjoyed by Blockbuster can foster arrogance. For Blockbuster, arrogance meant they believed they could do anything within their stores. For example, Blockbuster purchased Sound Music and Music Plus chains. This move took Blockbuster from movies to music. Secondly, this Blockbuster Music meant they were no longer renting now they were selling.
Blockbuster LLC is a video rental company that was founded in 1985 by David Cook. In 1986, Blockbuster went public and was sold to Viacom in 1994. Blockbuster was able to maintain high ratings through 1980s and 1990s, but as the millennium approached competition arose and Blockbuster’s market value began to decline.
In the year 2002, Adelphia Communications Corporation faced a massive accounting scandal that led to company’s bankruptcy and later reorganization. This paper will attempt to identify, analyze and evaluate the consequences of misrepresentation of financial accounts on a company, industry and economic level. Moreover, it will attempt to examine factors influencing the corporate failure from an auditor’s point of view, and consider the measures that auditor could have taken in order to enable quality and completes of information communicated to external users.
Many individuals who go through challenging things in life, change and grow eventually. People who are going through these phases and problems without any help are accustomed to being self dependent. They become more mature, and learn how to handle things at their own rate. As for others, taking in difficult things in life, can be hard for them. They don’t necessarily handle things correctly, leaving them to ignore these challenges and find other ways so they won’t have to deal with them. Because of this, some people may be emotionally drained and messed up in the head, leaving them to get no help at all. They become isolated, and their lifestyle becomes hard. Some become heartless, leading them to be mean to others. Haymitch who appears to
Howard Robert Hughes was born in Huston, Texas in 1905(Moore 92). His father, Robert Hughes, became well known for building oil drilling tools for major corporations such as Standard oil (Nicholas 48). His mother Jane was a frail woman who had a serious case of obsessive compulsive disorder towards hygiene and lived and made her son live in fear of germs for his whole life (Simikin 10). At the age of 52, Robert Hughes died of stomach cancer and left his company to his son Howard (Nicholas 48). Having no interest in the oil machinery business, Howard left the company to his cousins and left Texas.
Walt Disney is a worldwide entertainment company. Walt Disney Co is currently number one in the entertainment industry beating out competitors like News Corp, Time Warner, and CBS with revenues of $42,278 billion a year and a net income of $5.682 billion. The company is ranked number 66 on the Fortune 500 list and is ranked #17 on the World’s Most Valuable Brands List. Walt Disney’s headquarters are in Burbank, California and has been publicly traded as NYSE:DIS since 1991.
Howard Pyle was born on March 5 1853 in Wilmington, Del and died on November 9, 1911 on Florence. According to the Encyclopædia Britannica Mr. Pyle was an “American illustrator, painter, and author, best known for the children’s books that he wrote and illustrated.”(Editors of EB). Paul Giambarba, writer of 100 Years of Illustration states that “Academics usually refer to Howard Pyle as one of the greatest illustrators of his time.”(Giambarba) and in his personal opinion “was the greatest and the best” (Giambarba) illustrator. Paul goes onto to state that “Pyle was not content to continue copying himself in the same old way as they did for the most part, and he was at least as prodigious, turning out two illustrations a week, or 3,300 published illustrations during a 35-year career. Included among these were almost 200 stories that he wrote as well as illustrated.”(Giambarba)
I was introduced to Manuel through a mutual acquaintance that knows I am truly fascinated by the ability to customize vehicles, but more specifically, expensive luxury vehicles. Manuel, originally from Mexico, moved to California with his family twenty years ago. Coming from a large family with 4 brothers and 3 sisters, Manuel was determined to be financially successful. After graduating from State Unversity and working as a financial advisor/broker for Morgan Stanley, Manuel decided he was not happy working in corporate America. After resigning from Morgan Stanley in 2001, Manuel decided his dream of being financially successful would be much easier to accomplish if he launched his own business. Driven by his passion for classy and stylish vehicles, Manuel launched a motor sports company in 2002.
[1] Information was mainly taken from the Harvard Business Case Study “The Walt Disney Company: The Entertainment King”
Blockbuster founded in 1985 by David Cook, the first store opened in Dallas, Texas. At its peak, Blockbuster had up to sixty thousand employees and more than nine thousand stores.[4] “With more than 8,000 VHS tapes in more than 6,500 titles, Blockbuster store was three times larger than its nearest competitor. Unlike other video chains that stored movies behind the counter, Blockbuster displayed titles on shelves.” [2] It became the giant movies and video games rental chain. So, why such a giant entertainment provider ended up filed for bankruptcy and closing thousands of it stores? It leaves you with a weird memory and hard to get worked up about a once massive corporation, but still dewy-eyed recalling a trip to brin...
business. He began as a backyard mechanic and now ten years later runs a very
That evidence was clear Monday as Redbox, the nation's largest DVD rental company, agreed to spend up to $100 million to acquire Blockbuster-branded DVD kiosks operated by its largest rival, NCR Corp., adding about 9,000 machines to its existing 35,400 (LA times 2012).
To facilitate the growth trends shown by Blockbuster since its inception, David Cook contacted H. Wayne Huizenga, a former colleague, as an investment opportunity. Huizenga bit at the opportunity and invested his own time and money as well into the expansion of Blockbuster. To summarize the extent of the growth of Blockbuster stores from the 1980s to 2002, gross revenue went from about $75,000 in the 1980s to over $6,000,000,000 by 2006. From the start of several stores in the 1980s, Blockbuster grew to as many as 5,803 as of the end of 2004. Additionally, the company has expanded into 29 countries including countries in North America, South America, Europe, and Asia. It has been estimated that there are more than 43 million American households with a membership to Blockbuster.