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LEADERS INDUSTRIES company history timeline

1997

In 1997, he bought Tandem, a manufacturer of high-end servers.

1998

Schrempp was the architect of the 1998 merger of Daimler and Chrysler, which he called a merger of equals.

1999

Shaheen joined Webvan in September 1999 after being the head of Andersen Consulting, later renamed Accenture.The company, one of the largest start-ups during the Dot-com Bubble, was set up to take grocery orders over the Internet and deliver the orders within 30 minutes.

2000

When he joined the company in 2000, it was still a formidable force in the US retail space, despite its lackluster performance over the prior 15 years.

The company spent $1.5 billion over a year and a half period, beginning in 2000.

2001

In 2001, eBay bought PayPal and Musk was the largest stakeholder in the company at that time, with stocks valued to be worth more than 1.5 billion.

The tech and telecom downturn of 2001 began to undermine Worldcom’s earnings and over the next two years, the efforts to manipulate the company’s financial results became more aggressive.On top of this, Ebbers needed to sell large portions of his own Worldcom stock, to support his lavish lifestyle.

2002

The Worldcom board, fearing Ebbers’ sales would destroy the firm’s share price, made him a series of loans.In 2002, internal auditors discovered that Ebbers’ efforts were the cause of a $3.8 billion financial fraud.

Compaq was sold to HP in 2002.

He was eventually charged with stealing nearly $100 million. It had cable systems in over 30 states.In 2002, the company filed for bankruptcy, in part because Rigas had siphoned off money to fund other companies owned by his family.

2003

Later in 2003, he founded Tesla Motors, which he intended to be the first mass-producers of electric vehicles.

2006

With social media platforms like Twitter and Facebook gaining large followings in 2006 came another new technology available for promotional use.

2007

These derivatives had been a major source of revenue for CountryWide and in August 2007 it was near financial collapse.

2011

Who's Who in Corporate America. by Marquis Who's WhoCall Number: HD38.25.U6 W476Published/Created: 2011-Provides over 30,000 biographies of America’s top executives at the country’s largest companies.

2012

Online giving generated $2.1 billion in donations for nonprofits in 2012 and has only been growing since.

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Founded
1990
Company founded
Headquarters
Hobbs, NM
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LEADERS INDUSTRIES may also be known as or be related to LEADERS INDUSTRIES, LEADERS INDUSTRIES A NON-PROFIT and Leaders Industries, A Non-Profit Corporation.