Corporate Office HQ

Philip Morris International Corporate Office

Philip Morris International

Philip Morris International (PMI) was part of the Atria Group until 2008, when it was spun off. Though the company is headquartered in New York, they do not operate in the United States. Philip Morris brands in the United States are still owned by the Atria Group.

PMI was spun-off, according to Atria, to give the company more freedom outside the constraints of U.S. corporate ownership in terms of potential litigation and legislative restrictions.

Because tobacco is the leading cause of preventable death worldwide, Philip Morris, as well as all tobacco companies, is highly controversial and subject to litigation and restriction of governments all over the world.

History

PMI has 25 brands of cigarettes, with Marlboro, Basic, and Benson & Hedges being among the most well-known.

PMI has over 78,000 employees globally and had $76.34 billion in revenue in 2011.

General Dynamics Corporate Office

General Dynamics

General Dynamics has its roots in John Phillip Holland’s Holland Torpedo Company, which he founded in the late 1800’s. Holland Torpedo Company developed the U.S. Navy’s first submarine, which was commissioned in 1900.

The company, now renamed the Electric Boat Company, grew, developing new and better submarines and selling to governments all over the world. After World War II the company needed new areas to invest in, and purchased Canadair for $10 million in 1946 from the Canadian government.

Canadair went on to become a major aerospace company with many Canadian government contracts. This was due in part to increased military spending from the Cold War.

History

In 1952 the company changed its name to General Dynamics. This was because with the increased importance of aircraft production, management believed that Electric Boat was no longer appropriate.

General Dynamics began to bid and win military contracts, such as the Lightweight Fighter in 1972 and the F-16 in 1974.

Today General Dynamics is the fifth-largest defense contractor in the United States. It is part of the S&P 500, has over 90,000 employees worldwide, and had revenue of $31.513 billion in 2012.

General Dynamics has its roots in John Phillip Holland's Holland Torpedo Company, which he founded in the late 1800's. Holland Torpedo Company developed the U.S. Navy's first submarine, which was commissioned in 1900. The company, now renamed the … [Continue reading] about General Dynamics Corporate Office

TIAA-CREF Corporate Office

TIAA-CREF

Andrew Carnegie and Carnegie Foundation for the Advancement of Teaching created the Teachers Insurance and Annuity Association of America (TIAA) in 1918 as a fully funded system of pensions for professors. The funding was provided by Carnegie Corporation of New York, along with participating individuals and institutions.

Rising inflation and lengthening life expectancies, along with a large expansion of the education sector with the G.I. Bill after World War I, caused TIAA to recognize the need for its participants to diversify their retirement funds by investing in equities. Thus they created the College Retirement Equities Fund (CREF) in 1952.

In 2007 TIAA-CREF was chosen by the California State Teacher’s Retirement System (CalSTRS), the second-largest public pension plan and largest teacher retirement fund in the United States, as the sole investment provider for its supplemental retirement savings programs.

History

Today TIAA-CREF is a Fortune 100 financial services organization and the leading retirement provider for people working in the academic, research, medical, and cultural fields. It serves 3.7 million active participants, with 15,000 participating institutions and $487 billion in combined assets under management. It is a non-profit company.

Andrew Carnegie and Carnegie Foundation for the Advancement of Teaching created the Teachers Insurance and Annuity Association of America (TIAA) in 1918 as a fully funded system of pensions for professors. The funding was provided by Carnegie … [Continue reading] about TIAA-CREF Corporate Office

Morgan Stanley Corporate Office

Morgan Stanley

In 1935 a law was passed that stated that investment banking and commercial banking businesses could not operate under a single holding entity. It was therefore necessary for J.P. Morgan & Co. to spin off their investment banking business into a new firm, Morgan Stanley. In the company’s first year of business it achieved 24% of market share ($1.1 billion).

During the period from 1951 to 1961 Morgan Stanley co-managed the World Bank’s $50 million AAA rated bonds, GM’s $300 million debt issue, IBM’s $231 million stock offering, and AT&T’s $250 million debt offering.

In 1962 Morgan Stanley created the first viable computer model for financial analysis.

History

In 1971 the company established its Mergers & Acquisitions business, along with Sales & Trading.

In 1997 Morgan Stanley merged with Dean Witter Reynolds and Discover & Co., the spun-off financial services business of Sears Roebuck.

Morgan Stanley has served as the lead underwriter for many large global tech IPOs, including Apple, Facebook, Netscape, Cisco, Compaq, Broadcom Corp., Cogent Inc., Dolby Laboratories, Priceline, Salesforce, Google, and Groupon.

Morgan Stanley had significant problems during the economic crisis of 2008. As a result, in 2008 the company announced that it would become a traditional bank holding company regulated by the Federal Reserve.

Today Morgan Stanley is a multinational financial services corporation. They operate in 42 countries through 1,300 offices and with 60,000 employees. Morgan Stanley had revenue of $32 billion in 2012.

In 1935 a law was passed that stated that investment banking and commercial banking businesses could not operate under a single holding entity. It was therefore necessary for J.P. Morgan & Co. to spin off their investment banking business into a … [Continue reading] about Morgan Stanley Corporate Office

Tesoro Corporation Corporate Office

Tesoro Corporation

Tesoro Corporation was founded in 1968 as an petroleum exploration and production company. Tesoro means treasure in Spanish and Italian. It opened its first refinery the next year in Kenai, Alaska.

Tesoro grew through acquisitions, expanding capacity from 72,000 barrels per day to 664,000 barrels per day in 2013.

Some of the notable acquisitions include acquiring a second refinery in Hawaii in 1998, purchasing two refineries (in North Dakota and Utah) in 2001, purchasing Shell’s Los Angeles refinery and 250 gas stations in 2007, purchasing 250 Arco gas stations in 2011, and purchasing another refinery as well as the ARCO brand from BP in 2012.

History

Today Tesoro has 5,700 employees and $30 billion in revenue. Tesoro has over 2,200 gas stations operating under the brands Tesoro, Shell, ARCO, and USA Gasoline.

Tesoro Corporation was founded in 1968 as an petroleum exploration and production company. Tesoro means treasure in Spanish and Italian. It opened its first refinery the next year in Kenai, Alaska. Tesoro grew through acquisitions, expanding … [Continue reading] about Tesoro Corporation Corporate Office