JOHN G. DROSDICK
Former chairman, Chief Executive Officer, and President of Sunoco, a petroleum company. Also known as Jack, the American businessman led the company to obtain almost 300 gas stations, and purchase a chemical company and a refinery. Sunoco also closed several of its facilities during his tenure. He has been with Sunoco for 10 years and recognized as one of America’s Highest Paid Chief Executives by Forbes.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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