EDOUARD MICHELIN
Former President and Chief Executive Officer of Groupe Michelin, French tire manufacturer and map, and guidebook firm. When his father, Francois, retired in 1999, he took over the company. During his tenure, the firm became the market leader in tires following the Bridgestone/Firestone tire defect series. Michelin also made a controversial decision to reduce thousands of jobs although it experienced record profits, as well as administered specialized production in the company’s plants.
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Settling mutual obligations at the net value of a contract as opposed to its gross dollar value.
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Bank deposit that can be immediately withdrawn, transferred, or otherwise transacted by the depositor. Banks are required to maintain reserves on h ...
Value Fund
Value Fund refers to a stock mutual fund that holds stocks, which are believed to be undervalued in price but are likely to be capable of paying di ...
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Most common way of carrying orders; an instruction or order from a client, via broker or brokerage service, to immediately purchase or sell an inve ...
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