Blown away
Article Abstract:
Burger King Corp was back in business shortly after its world headquarters in Miami, FL, was devastated by Hurricane Andrew in Aug 24, 1992. The hurricane, the third strongest to hit the US mainland in the 20th century, uprooted trees, destroyed computers and other office furniture and equipment, and caused ceilings and walls to collapse. The first few floors of the building were also left flooded by a 17-ft tidal wave. Management acted quickly, reassuring employees that they would continue to get paid even while they attended to personal matters and offering them the services of doctors, counselors, financial advisers, insurance experts and housing representatives. Burger King also booked rooms and the ballroom at a local hotel and set up temporary offices in other parts of Miami. Two weeks after the disaster, some employees were able to return to work.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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Running from empty
Article Abstract:
Braebourne Spring is a supplier of water cooler units and bottled mineral water products in the UK. Braebourne Spring was founded by William Record at the age of 22 after graduating from the Southampton University with a degree in economics. Record got the idea of starting a water company after he toured the US. He established the firm with just 20,000 pounds sterling that he borrowed from his family and Lloyds Bank. The company's success started in 1998 after 3i decided to loan the company 100,000 pounds sterling in a venture capital agreement. It won the 'Financial Times' newspaper and British Venture Capital Association award for best start-up company in 1996. Record forecasts that the company will realize a profit of 1.6 million pounds sterling on a turnover of 7 million pounds sterling in 1998.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1998
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Set on broadcasting its ambitions
Article Abstract:
Carlton Communications PLC has emerged as one of the UK's most prominent television companies following its successful 43.2 million pounds sterling bid for the London weekday independent television franchise. Carlton, which was founded by CEO Michael Green in 1970, has grown rapidly since the early 1980s. Carlton's acquisition-powered growth has given it control of such prominent industry names as the Moving Picture Co and Technicolor Inc. Carlton Finance Dir Bernard Cragg notes that the company expects the television franchise to be highly profitable. Cragg explains that Carlton plans to concentrate on in-house development of news programs and intends to contract out all other programming to independent production companies.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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