History
On August 18, 1910, fifteen American florists led by John Valentine, a Denver lawyer and floral company owner, agreed to serve each others' out-of-town customers by exchanging orders via telegraph, and was called Florists' Telegraph Delivery. In 1914, the company adopted Mercury Man as its logo, to emphasize the speed of delivery. In 1965, it began offering international order, and took the name of Florists' Transworld Delivery.
Demutualization of co-operatives
Demutualization of a co-operative is sometimes known as privatization, and involves the consumer members surrendering their “one member one vote” democratic control of the business, in exchange for a windfall of cash, or shares of a joint stock company. The stock company acquires control of the business, and ownership of its assets.Read more about this topic: Florists' Transworld Delivery
Famous quotes containing the word history:
“... the history of the race, from infancy through its stages of barbarism, heathenism, civilization, and Christianity, is a process of suffering, as the lower principles of humanity are gradually subjected to the higher.”
—Catherine E. Beecher (1800–1878)
“There has never been in history another such culture as the Western civilization M a culture which has practiced the belief that the physical and social environment of man is subject to rational manipulation and that history is subject to the will and action of man; whereas central to the traditional cultures of the rivals of Western civilization, those of Africa and Asia, is a belief that it is environment that dominates man.”
—Ishmael Reed (b. 1938)
“America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.”
—Georg Wilhelm Friedrich Hegel (1770–1831)