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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Hedge Clause
A disclaimer found in financial documents that protects authors of financial reports from liability for errors within the report.
8-a Firm
Company owned and operated by individual that is socially or economically disadvantaged. Such firms are qualified for financial assistance, mentori ...
Credit Cliff
Slang term for compounding a firm’s credit deterioration due to provisions such as financial covenants, or events that ignites a change in it ...
Default Judgment
A binding judgment issued by a court in favor of the plaintiff when the defendant fails to respond to a court summons or fails to appear in court. ...
Upstream Guarantee
Upstream Guarantee is a contingent liability on a the financial statements of a subsidiary. In this contingent liability, the subsidiary guarantees ...
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