JOHN G. DROSDICK
Former chairman, Chief Executive Officer, and President of Sunoco, a petroleum company. Also known as Jack, the American businessman led the company to obtain almost 300 gas stations, and purchase a chemical company and a refinery. Sunoco also closed several of its facilities during his tenure. He has been with Sunoco for 10 years and recognized as one of America’s Highest Paid Chief Executives by Forbes.
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Dual Exchange Rate
Situation in which a currency has a fixed official exchange rate and an illegal preset parallel exchange rate. Such rates are used in various situa ...
Individual Retirement Annuity
Retirement investment vehicle similar to an individual retirement account, except that an annuity contract must be purchased, which is subject to n ...
Bear Squeeze
An alteration in market conditions that pressures negative thinker investors trying to earn from diminishing amounts to buy back an investment at a ...
Recurring Revenue
It is the portion of the revenue of a company that is possible to continue in the future. This is revenue that is stable, foreseeable and may be co ...
Centralized Market
Financial market structure comprised of having all orders transferred to one central exchange without other competing market. Prices quoted on vari ...
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