Victor Posner

Victor Posner (September 18, 1918 – February 11, 2002) was an American businessman.wikipedia
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Leveraged buyout

leveraged buyoutsLBOleveraged finance
He was a pioneer of the leveraged buyout. In 1997, Triarc acquired Snapple Beverages from Quaker Oats, which had bought the company from leveraged buyout firm Thomas H. Lee Partners in 1994 for $1.7 billion.
Similar to the approach employed in the McLean transaction, the use of publicly traded holding companies as investment vehicles to acquire portfolios of investments in corporate assets was a relatively new trend in the 1960s, popularized by the likes of Warren Buffett (Berkshire Hathaway) and Victor Posner (DWG Corporation), and later adopted by Nelson Peltz (Triarc), Saul Steinberg (Reliance Insurance) and Gerry Schwartz (Onex Corporation).

The Wendy's Company

DWG CorporationTriarcTriarc Companies, Inc.
He became the head of numerous companies over his career, including Security Management Corporation (owner of rental property in Maryland and Florida), DWG Corporation, (Arby's and Royal Crown), NVF Company, Sharon Steel Corporation, Pennsylvania Engineering Corporation, Salem Corporation, APL Corporation, Evans Products, Graniteville, and Southeastern Public Service Company.
Security Management Company, headed by Victor Posner, a major investor in DWG saw potential with the company as it was bold to sell its main operation.

Arby's

ArbieArby's fast-food restaurantArby's Restaurants
He became the head of numerous companies over his career, including Security Management Corporation (owner of rental property in Maryland and Florida), DWG Corporation, (Arby's and Royal Crown), NVF Company, Sharon Steel Corporation, Pennsylvania Engineering Corporation, Salem Corporation, APL Corporation, Evans Products, Graniteville, and Southeastern Public Service Company.
In 1984, Victor Posner obtained Arby's via a hostile takeover of its then parent Royal Crown through his DWG Corporation.

Steven Posner

Steven
Also in 1988, the SEC sued Drexel Burnham Lambert and charged Posner and his son Steven with scheming to conceal the Posners' purchase of stock in the electrical contractor Fischbach Corporation. Posner had two children from his first marriage: twins Steven and Gail; and two children from his second marriage to Sari Posner (m. 1960–1966): Tracy and Lance.
Steven Neil Posner (pronounced POZ-ner; January 11, 1943 – November 29, 2010) was an American corporate raider who worked together on a number of major hostile takeovers with his father, Victor Posner, though the two would later have a falling out that resulted in a series of acrimonious lawsuits.

Tracy Posner

Tracy Posner WardTracy
Posner had two children from his first marriage: twins Steven and Gail; and two children from his second marriage to Sari Posner (m. 1960–1966): Tracy and Lance.
She is a daughter of the late American businessman and philanthropist Victor Posner and his second wife Sari Posner.

Monford Orloff

Evans Products operated in Chapter 11 and did not emerge until former Chairman and CEO Monford Orloff was brought back to the company and vendors and lenders were assured that Posner would leave the company.
Evans Products was taken over by Victor Posner in 1983 and Orloff stayed on as a consultant until 1985 at which time he became Chairman of FEI Corporation in Hillsboro, Oregon.

United States

American🇺🇸U.S.
Victor Posner (September 18, 1918 – February 11, 2002) was an American businessman.

Corporate title

corporate executiveexecutiveexecutives
He was known as one of the highest-paid business executives of his generation.

History of the Jews in Russia

Russian JewishRussian-JewishRussia
Of Russian-Jewish descent, he was born in Baltimore, Maryland, one of nine children of grocers Morris and Mary Posner.

Baltimore

Baltimore, MarylandBaltimore, MDBaltimore City
Of Russian-Jewish descent, he was born in Baltimore, Maryland, one of nine children of grocers Morris and Mary Posner.

World War II

Second World WarwarWWII
Taking advantage of the post-World War II demand for housing in America, in 1948, he developed land and built houses in the Baltimore area, and by 1952, was building more than 1,100 dwellings per year.

Miami Beach, Florida

Miami BeachNeighborhood of Miami BeachMiami Beach, FL
In 1954, he moved to Miami Beach, Florida, where he continued to invest in real estate and publicly traded companies.

RC Cola

Royal CrownRoyal Crown ColaRoyal Crown Company, Inc.
He became the head of numerous companies over his career, including Security Management Corporation (owner of rental property in Maryland and Florida), DWG Corporation, (Arby's and Royal Crown), NVF Company, Sharon Steel Corporation, Pennsylvania Engineering Corporation, Salem Corporation, APL Corporation, Evans Products, Graniteville, and Southeastern Public Service Company.

Sharon Steel Corporation

Sharon Iron WorksSharon SteelSharon Iron Company
He became the head of numerous companies over his career, including Security Management Corporation (owner of rental property in Maryland and Florida), DWG Corporation, (Arby's and Royal Crown), NVF Company, Sharon Steel Corporation, Pennsylvania Engineering Corporation, Salem Corporation, APL Corporation, Evans Products, Graniteville, and Southeastern Public Service Company.

New York Stock Exchange

NYSENew YorkNew York Stock Exchange (NYSE)
The New York Stock Exchange delisted DWG in 1965 after an attempt at purchasing Allegheny Pepsi bottling company failed.

General Motors

GMGeneral Motors CorporationGMC
So while collecting reasonable compensation at each company, Posner's overall compensation surpassed major corporation executive pay like General Motors.

Carl Lindner Jr.

Carl LindnerCarl H. LindnerCarl H. Lindner, Jr.
Posner approached one of his backers, Carl Lindner, Jr., for assistance.

Nelson Peltz

Trian Partners
Posner resigned as chair of DWG in 1992 and sold his shares to Trian Group, a New York-based investment partnership led by Nelson Peltz and Peter May.

Peter W. May

Peter May
Posner resigned as chair of DWG in 1992 and sold his shares to Trian Group, a New York-based investment partnership led by Nelson Peltz and Peter May.

Snapple

Snapple Beverage CorporationSnapple BeveragesSnapple Beverage Corp
In 1997, Triarc acquired Snapple Beverages from Quaker Oats, which had bought the company from leveraged buyout firm Thomas H. Lee Partners in 1994 for $1.7 billion.

Quaker Oats Company

Quaker OatsQuakerAmerican Cereal Co.
In 1997, Triarc acquired Snapple Beverages from Quaker Oats, which had bought the company from leveraged buyout firm Thomas H. Lee Partners in 1994 for $1.7 billion.

Thomas H. Lee Partners

THLTHL PartnersThomas H. Lee
In 1997, Triarc acquired Snapple Beverages from Quaker Oats, which had bought the company from leveraged buyout firm Thomas H. Lee Partners in 1994 for $1.7 billion.

Wendy Kaufman

Snapple ladyWendy the Snapple LadyWendy the Snapple Lady (Wendy Kaufman)
Quaker discontinued the Wendy the Snapple Lady (Wendy Kaufman) advertisements and sold Snapple to Triarc for $300 million in 1994.

Stewart's Fountain Classics

StewartStewart's Root BeerStewart's Grape Soda
Cable Car Beverage Corporation, maker of Stewart's Root Beer and other flavors, was purchased by Triarc in November 1997.

Cadbury

Cadbury SchweppesCadbury UKCadburys
Snapple, Mistic, and Stewart's (formerly Cable Car Beverage) was sold by the company to Cadbury Schweppes in 2000 for $1.45 billion In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc.