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Growth and Development of Five U.S Firms

Broadening its base, the Anderson company opened Anderson University in the 1970s, transferred its headquarters to Geneva Switzerland in 1977 and began to issue worldwide financial reports (Hoover's Guide To Private Companies, 19941995, p. 26).

Throughout the 1980s and 1990s fiscal and legal tensions changed the shape of the Anderson company. Restructuring has broken the company into Anderson Consulting and Arthur Anderson & Co. Legal wrangling has cost the company millions of dollars, claiming improprieties during the failed savings and loan scandals. Other legal maneuvering has brought into question the Anderson company's competency in establishing the worth of several limited partnerships (Hoover's Guide To Private Companies, 19941995, p. 26).

Bacardi Imports, Inc. began its operations in 1862 in Santiago, Cuba. Facunda Bacardi y Maso and his brother Jose purchased an operating distillery and began to produce a smoother more mixable brand of rum than their competition could supply. Finding and capturing the competitive high ground has become the trademark of Bacardi Imports, Inc. (Hoover's Guide To Private Companies, 19941995, p. 32).

From the late 1870s through the early years of the 20th century, Bacardi struggled. Cuba's political and economy climate was unsettled and so Bacardi foundered. When Cuba established political independence in 1902, Bacardi's success grew. Ironically, the company got a further boost from American Prohibition and began to expand and diversify (Hoover's Guide To Private Companies, 19941995, p. 32).

In the 1920s Bacardi moved into brewing and expanded its run producing operations in the 1930s to Mexico and Puerto Rico. In the 1940s Bacardi started Bacardi Imports Inc. in the United States and in the 1950s focused in expanding its Mexican and Puerto Rican operations (Hoover's Guide To Private Companies, 19941995, p. 32).

In 1960, Communist leader Fidel Castro nationalized private e...

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