| 翻訳と辞書 |
| Tino De Angelis ： ウィキペディア英語版 |
Tino De Angelis
Anthony "Tino" De Angelis (born 1915) is a Bayonne, New Jersey based commodities trader who bought and sold vegetable oil futures around the world. In 1962 he started to corner the market for soybean oil, used in salad dressing. In the aftermath, investors (51 banks) learned that he had bilked them out of about $175 million in total ($1.2 billion in year 2000 dollars). The scandal is named after De Angelis's company, ''Allied Crude Vegetable Oil Refining Corporation''.
==Biography==
De Angelis grew up in the Bronx, the son of Italian immigrants. He worked in a meat and fish market, and while still a teenager was managing some 200 employees. He soon found that the new National School Lunch Act program would buy practically anything given certain price requirements. After he took over Adolph Gobel Company in North Bergen, New Jersey, he gained a large contract, but then overcharged the government $31,000. He also delivered over 2 million pounds of uninspected meat. Gobel went to court and went bankrupt.
In 1955, he formed Allied Crude Vegetable Oil Refining Corporation and other related companies to take advantage of the U.S. Government's Food for Peace program. This program sold various surplus products to Europe for low cost in order to shore up their weak post-war economies. He formed Allied in a dilapidated "tank farm" in Bayonne and, with the patronage of major grain exporters, he began shipping massive quantities of substandard shortening and other vegetable oil products to Europe. De Angelis slowly became a major player in Europe and the commodities markets, expanding into cotton and soybeans.
Starting in 1962, De Angelis decided that his network was strong enough that he could make a serious attempt to corner the market on soybean oil and started to buy massive quantities. On the basis of this huge value of inventory, he took out massive loans from various Wall Street banks and companies, and used the cash to buy all of the futures on the oil. This way he would not only own a large quantity of soon-to-be expensive oil, but also cheap futures that would soon be worth a considerable value when the prices went up. He also used this cash to pay his staff, influence the community and occasionally make sincere gestures, such as paying a government official's hospital bill.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
■ウィキペディアで「Tino De Angelis」の詳細全文を読む
スポンサード リンク
| 翻訳と辞書 : 翻訳のためのインターネットリソース |
Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.
|
|