Tuesday, May 8, 2007

John Mackey




John Mackey is Chairman and CEO of Whole Foods Market (which he co-founded in 1980), a $5.7 billion sales Fortune 500 company, and a "Fortune 100 Best Companies To Work For" every year since 1998. Whole Foods is one of the top 12 supermarket companies in America and the world's largest natural foods retail chain. Mackey was named the Ernst and Young Entrepreneur Of The Year in 2003. Mackey is a strong believer in FLOW principles, including free market principles and empowerment management.
Mackey has lived on a vegetarian co-op. He and his wife, Deborah, both practice meditation and yoga, and spend as much time as they can on their 720 acre ranch west of Austin. Mackey is a voracious book reader and participates in two monthly book clubs. He is always up for a lively debate about politics, economics, history, or sports. Mackey considers himself vegan (since late 2003), though he eats eggs from his personal flock of free-range chickens.In a debate in Reason Magazine between Mackey, Milton Friedman, and T.J. Rodgers, Mackey says that he is a free market libertarian.

James J. Hill

James Jerome Hill (September 16, 1838 – May 29, 1916), was a noted Canadian-American railroad executive. He was the chief executive officer of a family of lines headed by the Great Northern Railroad, which served a substantial area of the Upper Midwest, the northern Great Plains, and Pacific Northwest. Because of the size of this region and the economic dominance exerted by the Hill lines, Hill became known during his lifetime as the Empire Builder.
Hill was born in Eramosa Township, Wellington County, Upper Canada (now Ontario). A childhood accident blinded him in the right eye. He had nine years of formal schooling. He attended the Rockwood Academy for a short while, where the head gave him free tuition. He was forced to leave school in 1852 due to the death of his father. By the time he had finished, he was adept at algebra, geometry, land surveying, and English.

His particular talents for English and mathematics would be critical later in his life.After working as a clerk in Canada (during which he learned bookkeeping), Hill moved to the United States and settled in St. Paul, Minnesota at the age of 18. His first job in St. Paul was with a steamboat company, where he worked as a bookkeeper. By 1860 he was working for wholesale grocers, for whom he handled freight transfers, especially dealing with railroads and steamboats. Through this work he learned all aspects of the freight and transportation business. During this period, Hill began to work for himself for the first time. During the winter months when the Mississippi River was frozen and steamboats could not run, Hill started bidding on other contracts, and won quite a few. Particularly of note was his contract to provide wood fuel to the nearby Fort Snelling.

The young businessmanBecause of his previous experiences in shipping and fuel supply, Hill was able to aggressively enter both the coal and steamboat businesses. In 1870 he entered the steamboat business, and by 1872 he had a local monopoly by merging (with Norman Kittson). In 1867 Hill entered the coal business, and by 1874 it had expanded five times over, giving Hill a local monopoly in the anthracite coal business. During this same period, Hill also entered into banking and quickly managed to become member of several major banks' boards of directors. Even with all of this, Hill still managed to grab at any extra business opportunities that came his way. He often bought out bankrupt businesses, built them up again, and then resold them—often gaining a huge profit.Virtually all of this early and stunning success was due to a few key traits—traits that would reappear again and again as Hill made his way through the world of business.

Firstly, he was incredibly hard-working. It takes a huge amount of diligence to tackle more than one grand project at the same time, and Hill was not only undertaking to monopolize the steamboat business. He was monopolizing coal, getting friendly with bankers, and buying out other businesses at the same time. All of that requires a large degree of dedication. Hill noted that the secret to success was, "Work, hard work, intelligent work, and then more work." Secondly, he was almost maniacally competitive. He took it almost as a point of personal honor to be the best, the biggest, and the most competitive of any business out there. Thirdly, and perhaps most importantly, Hill was simply a brilliant man and a brilliant leader of men.

He was able to quickly pick up the nuances of working in any new business. His business strategy was amazing, and he was able to convince almost anyone to come to his side. All of these traits had a role in James Hill's precipitous rise to power—most especially his almost uncanny ability to predict the future of business, as shown by the way he entered the railroad business in 1877.

Stock Advice

Understanding The Different Types Of Stock - Part 1

For beginners, one of the most difficult aspects of understanding stock investments deals with the various types of stock. There are several different types of stock to choose from.
Income stocks are issued by companies that are stable. The company will not usually reinvest a large amount of their profits back into the company each year. The profits are instead distributed to the shareholders in the form of a dividend. If you want dividend income and capital appreciation, you should look towards income stocks. But remember that dividends will be taxed. Plus, the dividend could go higher or lower each year.
Growth stocks are issued by companies that are looking to grow and expand. There is usually no, or very little, dividend income from growth stock. Many of the companies are just starting out in the business world and are actively reinvesting their earnings into their companies. Most advisors consider growth stocks a good choice for those looking to make a nice return over a long period fo time. Annual returns usually run around 11% over ten years. The idea is that growth stocks will grow given time.
A value stock is a stock that has gone down in price. It is usually considered to be a good buy. Value stocks are based more on the company's assets than the earning potential. The growth of the company isn't the issue at hand with a value stock. Investors buy value stocks for shares of a solid company at a good price and that in time the price will reflect the stability of the company. Then the price of the stock will go up.
Speculative stocks are like the new stocks on the block. They are the riskiest stock available. You can either make a lot of money or lose it all quite easily. You have to gauge your own risk level. These are usually brand new companies or unknown companies. This category would include all those dot-coms.
Preferred stock happens when a company issues different classes of stock. The company could have a common stock and then have a preferred stock. The preferred stock has a higher claim to company earnings, such as dividend payments. The amount of the dividend payment is fixed, unlike the common stock, and will be paid before common stocks are. If you own a preferred stock in a company that isn't doing well, you will still get your fixed payment. You will also share in the assets in the case of a bankruptcy before those holding common stock will.
These are the most commonly thrown around stock types. You have probably heard of them around the water cooler at work or on the news. There are several other types of stocks that are also available, including convertible preferred stocks and blue-chip stocks. It is essential that you understand the different types of stocks when looking to invest. They all have different benefits and drawbacks. What type of stock you invest in depends on what you want to see from your investment. Are you looking for a quick way to make a lot of money? Or are you wanting to invest money and simply let it grow over time? Ask yourself these questions when looking at what type of stock works for your financial goals.
Martin Lukac represents http://www.RateEmpire.com, an Internet consumer banking marketplace. RateEmpire.com is a destination site of personal finance, investing, taxes and mortgage rates. RateEmpire.com provides mortgage guides and financial rates and information. RateEmpire.com also operates a financial portal #1 American Financial, found at http://www.1AmericanFinancial.com and San Diego loan portal http://www.LendingSanDiego.com
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