Please be patient as some of the first links are in a previous blog but think after studying this you will understand why. Jack C. Massey wikipedia is the start of the rest of today's blog. ...cal
Bill Frist
Excerpt:
Charitable Activities
In 1998 he visited African hospitals and schools with the Christian aid group Samaritan's Purse - which seeks "the advancement of the Christian faith through educational projects and the relief of poverty".
Frist has a fortune in the millions of dollars, most of it the result of his ownership of stock in Hospital Corporation of America, the for-profit hospital chain founded by his brother and father. Frist's 2005 financial disclosure form lists blind trusts valued between $7 million and $35 million.
Hospital Corporation of America
Excerpt:
Hospital Corporation of America (HCA) is the largest private operator of health care facilities in the world,[1] It is based in Nashville, Tennessee, United States and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.
[edit] History
The founders of HCA include Jack C. Massey and Dr. Thomas Frist, Sr, grandfather of former U.S. Senate majority leader Bill Frist. Richard M. Bracken is the current CEO of HCA.
http://en.wikipedia.org/wiki/Jack_C._Massey
Excerpt:
Jack Carroll Massey (1904-1990), Venture capitalist and entrepreneur, born 1904 in Tennille, Georgia. In 1964, after a career in the medical supply industry, he bought Kentucky Fried Chicken from its founder, Harland Sanders, for $2 million. Seven years later he sold it for $239 million. His Hospital Corporation of America (founded 1968) became the nation's largest chain of for-profit hospitals. After 1978, he transformed Winners Corporation into a major fast-food franchise operation. Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant fast food franchises) on the New York Stock Exchange. He is the only person to ever have taken three companies public. The Jack C. Massey Graduate School of Business at Belmont University is named in his honor.
On November 1, 2005, Belmont University honored Massey and his family who donated $1 Million Gift to endow a Financial Trading Room named in his honor. A special gathering was held to open the trading room in conjunction with the release of his biography, Master of the Big Board: The Life, Times and Business of Jack Massey by Bill Carey.
Mr. Massey was inducted into the Junior Achievement U.S. Business Hall of Fame in 1987.http://www.sourcewatch.org/index.php?title=Bill_Frist:_Inside_Trader
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Frist Subpoenaed
The Securities and Exchange Commission has subpoenaed Bill Frist in the past two weeks "to turn over personal records in an investigation into possible insider trading," Reuters reported October 13, 2005. The Washington Post, "citing anonymous sources, said Frist was expected to testify under oath about what he knew about HCA's finances in the weeks ahead of the stock sales."
Truth is Stranger than Fiction
"Just two days before Sen. Trent Lott (R-MS) stepped down as Majority Leader in 2002, the company Frist's father started quietly settled a massive Medicare fraud lawsuit for $630 million. The eleventh-hour deal -- brokered with Justice Department attorneys after a seven-year court battle -- was made as Frist (R-TN) secured the necessary votes to assume the Senate's top post ...
"The timing of the agreement could raise further questions about Frist's ties to the company. Given that the Justice Department had been investigating HCA since 1993 -- some 120 months -- the coincidence of a settlement date so close to Frist's leadership election is striking." --John Byrne, The Raw Story, September 29, 2005.
http://www.belmont.edu/business/graduatebusiness/about_the_massey_school/about_jack_c._massey.html
Excerpt:
About Jack C. Massey
Jack C. Massey (1904-1990) began his entrepreneurial career as a retail druggist in 1930, after graduating with a degree in pharmacy from the University of Florida. His business expanded into a multi-city wholesale surgical supply operation, which was subsequently purchased by the A.S. Aloe Division of the Brunswick Corporation in 1961. Instead of retiring, Mr. Massey would proceed to secure a place in history as an American business legend.
Mr. Massey became the first person in the history of the New York Stock Exchange to take three unrelated companies from private to public with listings on the 'big board.' He was a founder of the Hospital Corporation of America and served as Chairman of the Board, Chief Executive Officer, Chairman of the Executive Committee and a member of the Board of Directors. Mr. Massey was also known as the principal who purchased Kentucky Fried Chicken Corporation and directed its growth to one of the world's largest commercial marketers of prepared foods. He was also founder of Winner's Corporation.
Mr. Massey's interests were wide and varied. He served on the boards of several corporations and was actively involved in civic and non-profit affairs. His generosity to Belmont University is evidenced in many ways, including his generous donation to help Belmont build Massey Auditorium. He made another substantial gift to Belmont to help build 'a business school of national reputation.' In 1986, the Board of Trustees fittingly named the graduate school of business in his honor.
| Graduate Business |
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The Jack C. Massey Graduate School of Business
1900 Belmont Boulevard
Nashville, TN 37212-3757
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