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Prudential Financial Corporate Office

Prudential Financial

Prudential Financial Inc was founded in New Jersey in 1875 by John F. Dryden. It was originally called The Widows and Orphans Friendly Society, and then the Prudential Friendly Society. At the beginning the company’s only product was burial insurance.

History

By the turn of the century, Prudential was making the bulk of its profits selling industrial life insurance door-to-door. Industrial workers paid double what others paid for life insurance because of the danger involved in their work. High lapse rates meant that only one in twelve policies reached maturity.

Today Prudential Financial is a financial services company. With its subsidiaries, the company provides insurance, investment management, life insurance, annuities, mutual funds, pension and retirement investments,  securities, asset management, and brokerage services in more than 30 countries.

In August 2023, the company states that it was hacked via a third-party vendor and that as many as 320,000 customers may have been compromised. 

Stock investors in the company have seen amazing ROIs, with some reaping as much as a 64% return. 

Prudential is a Fortune 500 company, that has been publicly traded since 2001, is composed of hundreds of subsidiaries with $2 trillion of life insurance, has over 40,000 employees, and had $70.934 billion in revenue in 2021.

Prudential maintains a corporate office in Newark, New Jersey.

Prudential Financial Inc was founded in New Jersey in 1875 by John F. Dryden. It was originally called The Widows and Orphans Friendly Society, and then the Prudential Friendly Society. At the beginning the company's only product was burial … [Continue reading] about Prudential Financial Corporate Office

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Procter & Gamble Corporate Office

Procter & Gamble

William Proctor and James Gamble were both immigrants and tradesmen when they married sisters in Cincinnati, Ohio. Their new father-in-law, Alexander Norris, convinced the two to become business partners. Procter & Gamble (P&G) was created in 1837.

During the American Civil War they had contracts to supply the union army with soap and candles.

In the 1880’s the company began to market a new product: a soap that floated in water named Ivory.

History

At that point P&G began to build factories and facilities all over the United States as the demand had outgrown the capacity of the original Cincinnati facilities.

In 1911 the company introduced Crisco, a shortening made from vegetable oils which was an alternative to lard.

In the 1940’s P&G began to branch out into new areas and introduced Tide detergent and Prell shampoo. In 1955 they introduced Crest toothpaste, and Charmin in 1957.

They were the pioneer of disposable diapers with the Pampers brand.

In 2005 P&G announced their acquisition of Gillette. This formed the largest consumer goods company in the world, placing Unilever in second place.

Today P&G is part of the S&P 500, is #15 on Fortune’s list of the “World’s Most Admired Companies” list, has 121,000 employees, and had $84.17 billion in revenue in 2013.

William Proctor and James Gamble were both immigrants and tradesmen when they married sisters in Cincinnati, Ohio. Their new father-in-law, Alexander Norris, convinced the two to become business partners. Procter & Gamble (P&G) was created in … [Continue reading] about Procter & Gamble Corporate Office

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Archer Daniels Midland Corporate Office

Archer Daniels Midland

The Archer Daniels Midland Company (ADM) was founded in 1902 by George A. Archer and John W. Daniels as a linseed crushing business. From then until 1970, they added one profit source per decade to their business, including processing, milling, and specialty food ingredients.

In 1970 Dwayne Andreas became CEO and began the process of transforming the company into an industrial powerhouse. He was CEO until 1997, when he was succeeded by his nephew, G. Allen Andreas.

Today ADM’s products include additives for fuel, food, and ingredients. The company has 270 plants and 420 crop procurement facilities worldwide, where oilseeds and grains are processed into animal feed, food, beverage, nutraceutical, and industrial products.

History

ADM has heavily invested in ethanol, bioenergy, and biofuels.

ADM is part of the S&P 500, was  named the World’s Most Admired Food Company by Fortune in 2009, 2010, and 2011, has 30,000 employees, and had revenue of $89 billion in 2012.

 

The Archer Daniels Midland Company (ADM) was founded in 1902 by George A. Archer and John W. Daniels as a linseed crushing business. From then until 1970, they added one profit source per decade to their business, including processing, milling, and … [Continue reading] about Archer Daniels Midland Corporate Office

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Citigroup Corporate Office

Citigroup

Citigroup is one of the Big Four banks in the United States. It is a multinational financial services company.

Citigroup was formed by the merger of Citicorp and Traveler’s Group in 1998.

Citicorp traces its roots to the 1812 founding of the City Bank of New York. Citicorp had become the largest bank in the U.S. by 1895 and was the first contributor to the Federal Reserve Bank of New York in 1913.

History

Traveler’s Group was a group of diverse financial concerns, including property, casualty and life  insurance, retail brokerage, asset management, and annuities.

The merger created a firm worth $140 billion with assets of $700 billion. The deal enabled Traveler’s Group to market mutual funds and insurance to Citicorp’s customers, and allowed Citicorp access to a larger client base.

Citigroup had to be bailed out by the U.S. government during the global financial crisis of 2008 with $25 billion in emergency aid. The company eventually recovered and paid the government back. The U.S. government also received an additional $12 billion from selling the shares they acquired during the bailout.

Today Citigroup has the largest financial services network in the world, working in 140 countries with 16,000 worldwide offices and 260,000 employees.

Citigroup is part of the S&P 500, has 259,000 employees, and had $70.17 billion in revenue in 2012.

Citigroup is one of the Big Four banks in the United States. It is a multinational financial services company. Citigroup was formed by the merger of Citicorp and Traveler's Group in 1998. Citicorp traces its roots to the 1812 founding of the … [Continue reading] about Citigroup Corporate Office

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Wells Fargo Corporate Office

Wells Fargo & Company

Wells Fargo & Company in its present form is the result of the 1998 merger of Norwest Corporation and the original Wells Fargo. The company kept the name to capitalize on the long history and nationwide name recognition of the Wells Fargo name.

The original Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo, who also founded American Express. Wells Fargo was founded as a banking services company in California.

History

The company has many notable events in its history, such as the biggest bank heist in history at the Wells Fargo Depot in Connecticut.

Wells Fargo was the first company to offer internet banking in 1995.

Wells Fargo has had many major acquisitions over the years, including the 2008 acquisition of Wachovia Corporation, which allowed them to open Wells Fargo Securities.

Today Wells Fargo is the fourth-largest bank in the United States by assets and the largest by market capitalization.

Wells Fargo currently has more than 9,000 retail branches and 12,000 ATMs in 39 states and the District of Columbia and over 70 million customers.

Wells Fargo trades publicly on the New York Stock Exchange under the symbol WFC, is a member of the S&P 500, has nearly 269,000 employees, and had $72.34 billion in revenue in 2020.

After losing customers to online banks, both Bank of America and Wells Fargo drastically cut back or removed bounced check fees and other banking fees in 2021. 

Also in late 2021, executives at Wells Fargo announced that it was cutting expenses while providing more loans, which they expected would help boost earnings in 2022. 

Wells Fargo maintains a corporate office in San Francisco, California

Wells Fargo & Company in its present form is the result of the 1998 merger of Norwest Corporation and the original Wells Fargo. The company kept the name to capitalize on the long history and nationwide name recognition of the Wells Fargo … [Continue reading] about Wells Fargo Corporate Office

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