>>8483266 pb

>>8483300 pb

>>8483243 pb

oh boy… the rabbit hole is extremely deep.

The Maccabbess society became a life insurance business.

In 1941 the group gained control of the Michigan Union Life Association, furthering its transformation from a benefit society into a modern, legal-reserve insurance company.

In 1962 the group changed its name again, this time to the Maccabees Mutual Life Insurance Company.

In the 1990s the organization was demutualized and sold to the Royal Insurance Group and operated under the name Royal Maccabees Life Insurance Company.

In 1999 Royal Maccabees was sold by its parent company, Royal & SunAlliance Financial Services, to Swiss Re.[11] Swiss Re merged it into its subsidiary, Reassure America Life Insurance Company.[12]'''

tldr: eventually the life insurance scheme was sold to the Royal Insurance group (to later merge with sun and become the RSA), and sold later to non other than Swiss Re.

Swiss Re was the lead insurer of the World Trade Center during the September 11 attacks which led to an insurance dispute with the owner, Silverstein Properties. Let that sink in.

https://en.wikipedia.org/wiki/Knights_of_the_Maccabees

https://en.wikipedia.org/wiki/Swiss_Re

>>8483519

lets start with his family bank shenanigans and the acquisition by ING

1995 collapse:

Barings was brought down in 1995 by a massive trading loss caused by fraudulent trading by its head derivatives trader in Singapore, Nick Leeson. Leeson was supposed to be arbitraging, seeking to profit from differences in the prices of Nikkei 225 futures contracts listed on the Osaka Securities Exchange in Japan and on the Singapore International Monetary Exchange. However, instead of buying on one market and immediately selling on another market for a small profit, the strategy approved by his superiors, Leeson bought on one market then held on to the contract, gambling on the future direction of the Japanese markets.

According to Eddie George, Governor of the Bank of England, Leeson began doing this at the end of January 1992. Due to a series of internal and external events, his unhedged losses escalated rapidly.[15]

Aftermath:

Dutch bank ING purchased Barings Bank in 1995 for the nominal sum of £1[19] and assumed all of Barings' liabilities, forming the subsidiary ING Barings. In 2001, ING sold the U.S.-based operations to ABN Amro for $275 million, and folded the rest of ING Barings into its European banking division.[21] This left only the asset management division, Baring Asset Management. In March 2005, BAM was split and sold by ING to MassMutual, which acquired BAM's investment management activities and the rights to use the Baring Asset Management name, and Northern Trust, which acquired BAM's Financial Services Group.[22][23] Barings Bank no longer has a separate corporate existence, although the Barings name still lives on as the MassMutual subsidiary Baring Asset Management.[24] In March 2016, a merger was announced with other asset management subsidiaries of MassMutual, creating a new "Barings" headquartered in Charlotte, NC.[25] Baring Private Equity International was acquired by its respective management teams, which today include Baring Vostok Capital Partners in Russia, GP Investments in Brazil, Baring Private Equity Asia,[26] and Baring Private Equity Partners India.[27]

https://en.wikipedia.org/wiki/Barings_Bank#1995_collapse

>>8483519

>>8483556

Dunlop - Goodrich:

Beginnings - B.F. Goodrich:

The Goodrich Corporation, formerly the B.F. Goodrich Company, was an American manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Benjamin Franklin Goodrich, the company name was changed to the "B.F. Goodrich Company" in 1880, to BFGoodrich in the 1980s, and to "Goodrich Corporation" in 2001. Originally a rubber manufacturing company known for automobile tires, the company diversified its manufacturing businesses throughout the twentieth century, and sold off its tire business in 1986 to focus on its other businesses, such as aerospace and chemical manufacturing. The BFGoodrich brand name continues to be used by Michelin, who acquired the tire manufacturing business in 1988. Following acquisition by United Technologies, Goodrich became a part of UTC Aerospace Systems.

In 1869 Benjamin Goodrich purchased the Hudson River Rubber Company, a small business in Hastings-on-Hudson, New York. The following year Goodrich accepted an offer of $13,600 from the citizens of Akron, Ohio, to relocate his business there.

merger with Uniroyal:

By 1986 B.F. Goodrich had become an S&P 500-listed company in diverse business, including tire and rubber fabrication. B.F. Goodrich made high-performance replacement tires.[5] In August 1986, one of its biggest competitors in the tire business, Uniroyal Inc., was taken private[6] when it merged with the tire segment of the B.F. Goodrich Company, in a joint venture private partnership, to become the Uniroyal Goodrich Tire Company. B.F. Goodrich Company held a 50% stake in the new tire company.[7]

The new Uniroyal Goodrich Tire Company headquarters was established at the former B.F. Goodrich corporate headquarters, within its 27-building downtown complex in Akron, Ohio which contained Goodrich's original factory. In the autumn of 1987 B.F. Goodrich Company shut down several manufacturing operations at the site, and most of the complex remained vacant until February 1988, when B.F. Goodrich announced plans to sell the vacant part of the complex to the Covington Capital Corporation, a group of New York developers.[8]

In 1987, its first full year of operation, the new Uniroyal Goodrich Tire Company generated almost $2 billion in sales revenue, with profits of $35 million.[7]

Difficulties:

The merger soon proved to be difficult.[5] In June 1988 B.F. Goodrich sold its 50% stake for $225 million. The buyers were a group of investors led by Clayton & Dubilier, Inc. a private New York investment firm.[7][9] At the same time, B.F. Goodrich also received a warrant to purchase indirectly up to 7% of the equity in Uniroyal Goodrich Tire Company.[10]

As part of the June 1988 sale deal, the new privately held tire company acquired publicly held debt of $415 million.[11][12][13]

Selling to Michelin and leaving the tyre business:

Also in 1988, Michelin Group, a subsidiary of the French tire company Michelin et Cie (Euronext: ML) proposed to acquire the Uniroyal Goodrich Tire Company and took actions towards acquiring a stake.[5] By May 1990, Michelin Group had completed its buyout of Uniroyal Goodrich Tire Company from Clayton & Dubilier of New York. The deal was valued at about US$1.5 billion.[14] B.F. Goodrich surrendered its 7% warrant to Michelin Group, and received $32.5 million additional revenue from the sale.[10]

B.F. Goodrich by then exited the tire business entirely, in line with its plan to build its chemicals and aerospace businesses through reinvestment and acquisitions.[9] In 1997 it acquired Rohr, a maker of jet aircraft engine nacelles (the aerodynamic structures that surround aircraft engines), expanding its presence in integrated aircraft components industry.[15]

tldr: based in Akron Ohio, partnered with Uniroyal, failed and got sold to Michelin.

>>8483874

Do you have his tweet?

please post it.

>>8484011

>>8483829

Goodrich created BTR and then sold their shares in the 1930s.

Early years

BTR started in 1924, when the B.F.Goodrich Company of the USA formed a UK subsidiary British Goodrich Rubber Co. Ltd. In 1934 Goodrich sold most of its shares in the company, which changed its name to the British Tyre & Rubber Co. Ltd.[1] In 1956 the company changed its name to BTR Limited, when it ceased production of tyres.[2]

BTR sold dunlop to Dunlop management, which sold it to Sumitomo. Sumitomo joined forces with Goodyear in 1997 by which Goodyear and Sumitomo agreed to manufacture tires for each other's markets, including Dunlop branded tires. As part of the agreement, Goodyear acquired 75% interests in Dunlop Tyres, the UK company which Sumitomo had formed, and in Dunlop Tire Corporation. Goodyear and Sumitomo also made investments in each other.[7]

On 14 February 2014, Goodyear announced its intention to dissolve its partnership with Sumitomo due to alleged "anticompetitive conduct". On June 4, 2015, Goodyear announced the end of its joint venture with SRI, effective end of year 2015. The brand Dunlop will be shared between the 2 companies:[8]

in North America, Goodyear will control the Dunlop brand for replacement tires and for new cars made by non-Japanese auto makers. Sumitomo Rubber will hold rights to the Dunlop brand for new cars made by Japanese auto makers, as well as for motorcycles

in most parts of Europe, Goodyear will control the Dunlop brand

in Japan, Sumitomo Rubber will retain rights to the Dunlop brand

https://en.wikipedia.org/wiki/Sumitomo_Rubber_Industries

https://en.wikipedia.org/wiki/BTR_plc

>>8484039

BTR invensys connection:

Between 1996 and 1998, BTR sold the remaining Dunlop companies.[11] In November 1997 UniPoly S.A, bought 32 companies from BTR, including the Schlegel Sealing and Shielding Group. The acquisition cost about $867 million.[12] The deal was a management buy-out in which UniPoly Group was formed to take over most of the rubber products business of BTR plc.[13] In these years BTR was organised in the following businesses areas: Engineering, Packaging, Materials, Building products, Polymers.[14]

In 1999 BTR merged with Siebe to form BTR Siebe plc, which was renamed Invensys plc.[15][16]

>>8484112

that's an old rule. kek