Adelphia Communications Corporation

Adelphia communications Corporation was one of the leading course companies before filing for failure in the yr 2002 due to gross internal corruption which light-emitting diode to the conviction of some of its leading directors and board members.It was established in 1952 after(prenominal) its founder John Rigas purchased Cable Company for three ampere-second dollars as a hedge for the lost sales of his theater familiarity. It was bought in Couldersport, pascal and this remained the companys headquarters until the bankruptcy file.Shortly after filling for bankruptcy, the companys headquarters moved to Greenwood resolution in Colorado. Most of its major assets were acquired by Time Warner Cable and Comcast in the year 2006 and its remaining assets are creation auctioned online by a company known as LFC which in interned based.Due to this acquisition, the company no longer offers it cable services and since it offered long distance services, high speed internet and reverberate services with over a hundred thousand customers in cardinal seven states, this services was taken over by Pioneer Telephone.After the companys nightfall it retained a skeleton status with more than two hundred and fifty employees mandated to oversee the bankruptcy issues and it is still recognized as a corporate entity which is still struggling to fight its obligations financially and also care the litigation claims.The Mississippi Company was initially started in the year 1684 and it was a chartered company. It was started on the demand of Rene-Robert Cavelier, Sieru de La Salle after he intercommunicate it from the year 1660 and later being appointed the Governor of Fort Frontenac, which was at the mouth of River Mississippi.After traveling over the country through the River, he returned to France and in that location he solicited for the establishment of the company. After he achieved his goal of the company being established, he returned to start his colony but he failed a nd finally was killed by his men in a mutiny.Rene-Robert Cavelier, Sieru de La Salle was succeeded by Pierre Le Moyne d Iberville who built a fort and succeeded in settling a colony. It was really successful and in 1718 it had already established New Orleans urban center which was located at the Louisiana territory.John virtue, a Scottish wrinkleman gained coercive interest in the company and it was renamed Compaignie dOccident and its major target was to conduct business and distribute with the North American French colonies and much of the Mississippi River flush toilet was located around this area.John jurisprudence was also granted a monopoly ranging a period of twenty five years by the government of France to trade with North America and West Indies.The companys success increased and in the year 1719, the company acquired Compagnie de Chine, Compagnie des Indes Orientales and a contingent of other trading companies of France.John Law came up with a marketing scheme whic h was very effective by all means. that exagerrated Louisiana wealth and this had the effect of leading to wild speculations on the shares of the company in 1719. The companys shares loss to a magnificent 15,000 livres from vitamin D livres.However, by the summer of 1720, the confidence in the shares declined and hence the price of the shares was back to 500 livres by 1721. The Regent Phillippe II of Orleans dismissed John Law at the end of 1720 and Law consecutively fled France.