Here is the synopsis of our sample research paper on Great Northern Iron Ore Properties. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper looks at the Great Northern Iron Ore Properties, considering what type of company it is management financial performance and the performance of the shares between 2008 and 2009. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEgtnorthern.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
The firm was created in 1906 as a conventional non voting trust, with the condition that the trust would end 20 years after the last surviving member that was named
on the original trust document, according this term the trust will end on the 6th April 2015 (Great Northern Iron, 2009). On this date the organization will no longer be
traded on the NYSE and after the trust assets (after liabilities are paid) are distributed to the certificate holders any residual asserts, (such as the land) will return to
the reversioner, this is Glacier Park Company which is a subsidiary company of ConocoPhilips (Great Northern Iron, 2009). The trust owns in excess of 67,000 acres of land in different
fee interests, the main area of operations are the leasing of the fee interests in the Minnesota Mesabi Iron Range and collect the royalties from the minerals that are extracted.
During the life of the trust there has been the shipment of more than 650 million tons of iron ore and taconite ore (Great Northern Iron, 2009). The company
is currently headed by Mr. Joseph S. Micallef the President of the trust and CEO, an active trustee since 1976, is paid an annual salary of $250,000, is an attorney
with a great deal of commercial experience in trusts and estates and was the CEO and President of a firm that supplied accounting and tax advice to companies.
Micallef (age 75) is aided by three other trustees; Roger W. Staehle, Robert A. Stein and John H. Roe, III as well as
Thomas A Janochoski who is the Chief Financial Officer and Principal Accounting Officer, Vice President and Secretary who draws a salary of $158,000 (Great Northern Iron, 2008, Yahoo Finance
...