Closely held does not equal small!

Over 90% of American corporations are closely held. Closely held companies are typically owned by a few individuals, often from a single family. Below is a list of some of the largest closely held companies in America. Some of these names you may recognize; others may not be as familiar to you.

Cargill
Hobby Lobby
ChickFila
Koch
PriceWaterhouseCoopers
Pilot Flying J
Publix
Loves Travel Stops
Ernst and Young
Reyes Holdings
C&S Wholesale Grocers
US Foods
Aramark
Meijer
ToysRUs
Performance Food Group
HJ Heinz
Fidelity Investments
Cox Enterprises
SC Johnson and Son
Hilton Worldwide
Bloomberg
Menard
Brightstar
Graybar Electric
Edward Jones
Winco Foods
Kohler
Charmer Sunbelt Group
Avaya
Neiman Marcus
Levi Strauss & Co.
Genesis Healthcare
Southwire

Assignment Part 1: You'll be paired with a partner for this assignment. You'll be assigned two of the companies listed above. For each company, you'll need to do some research.  Some of these companies make a lot of information public while others might guard their information more carefully. Find out the following information:
1. What are the annual revenues?
2. Where is the headquarters?
3.Who is the CEO?
4. Who are the owners?
5. How many employees do they have?
6. What products or services they offer?

Type this information us in a Google Docs file and share it with me by the end of class. Title your paper Closely Held Companies. Make sure you put you and your partners name at the top of the page.

5 Points

Part 2: Recently the Supreme Court ruled that Hobby Lobby, a privately held company, has the right to refuse contraceptive coverage to its employees based on religious grounds. Read the following article on the topic:

http://www.thedailybeast.com/articles/2014/06/30/after-hobby-lobby-these-77-corporations-will-drop-birth-control-coverage.html

Discuss this issue with your partner. Write your thoughts down in a separate Google Docs paper titled Hobby Lobby. Explain why you think private companies should have the same rights as individuals (ie free speech, free association etc.).

5 Points

Part 3: Complete the Learn section of the Quizlet section on corporations. Also Complete a multiple choice test and a scatter test.

5 points


Each part of this assignment is worth 5 points for a total of 15 points.


Note! For next class, make sure you know the definitions to the following terms:

• Close Corporation
• Open Corporation
• IPO
• Personal Guarantee
• Proxy