PeopleSoft, Inc. was a company that provides human resource management systems (HRMS), financial management solutions (FMS), supply chain management (SCM), customer relationship management (CRM), and enterprise performance management (EPM) software, as well as software for manufacturing, and student administration to large corporations , governments, and organizations. It existed as an independent corporation until its acquisition by Oracle Corporation in 2005. The PeopleSoft name and product line are now marketed by Oracle.
80-1052: Keurig Dr Pepper Inc. ( / ˈ k j ʊər ɪ ɡ / ), formerly Green Mountain Coffee Roasters (1981–2014) and Keurig Green Mountain (2014–2018), is a publicly traded American beverage and coffeemaker conglomerate with headquarters in Burlington, Massachusetts , and Frisco, Texas . Formed in July 2018, with the merger of Keurig Green Mountain and Dr Pepper Snapple Group (formerly Dr. Pepper/7up Inc. ), Keurig Dr Pepper offers over 125 hot and cold beverages. The company's Canadian business unit subsidiary operates as Keurig Dr Pepper Canada (formerly Canada Dry Motts). The company's east-coast division manufactures Keurig brewing systems; sources, produces, and sells coffee , hot cocoa , teas , and other beverages under various brands for its Keurig machines; and sells coffee beans and ground coffee in bags and fractional packs. As of 2018,
160-676: A fat-client machine; however, this is no longer the case. The PeopleSoft application suite can function as an ERP system, similar to SAP , but can also be used for single modules; for example, Student Administration or HCM ( Human Capital Management ) alone. PeopleSoft uses a functionality now known as Integration Broker to communicate with different modules (known as pillars). In addition Integration Broker can be utilized for web services calls between PeopleSoft and other applications. Implementation focuses on PeopleSoft's proprietary PeopleTools technology. PeopleTools includes many different components used to create web-based applications:
240-731: A "Best Place to Work" in HR Magazine . Keurig Green Mountain operates in two business segments: domestic and Canada. The domestic segment produces and sells coffee, hot cocoa, teas and other beverages, to be prepared hot or cold, in Keurig pods; it also sells coffee in traditional packaging, including whole beans and ground coffee in bags, and ground coffee in fractional packs. It also sells patented Keurig single-cup brewing systems for use both at home and away from home. The Canadian business unit – Keurig Canada Inc. – sells Keurig brewers, and produces and sells coffees, teas, and other beverages in
320-537: A Massachusetts start-up called Keurig approached GMCR about developing a single-cup coffee brewing system, marking GMCR's first investment in Keurig. In 1996, GMCR invested further in Keurig, buying a 35% interest in the company. The following year, GMCR became the first roaster to offer coffee in a K-Cup pod for the Keurig Single-Cup Brewing System; in 1998 Keurig delivered its first brewing system, designed for office use. The launch of
400-568: A Stewardship Program to promote sustainability and sound environmental practices; in 1997 it pioneered the first biodegradable bag for bulk coffee purchases; and in 2006 it introduced the ecotainer, a to-go cup for hot beverages made entirely out of renewable materials. In 2005, Green Mountain was the first coffee company to support the United Nations ' Global Reporting Initiative mission to develop globally accepted sustainability reporting guidelines. In 2008 GMCR's board of directors added
480-777: A business unit under the Keurig Dr Pepper parent company. The SEC began to look into how then-named Green Mountain Coffee accounted for revenue in 2010. Shortly afterward, a class action lawsuit began regarding how inventory was handled, with the amended lawsuit being filed April 30, 2012. Plaintiffs stated Green Mountain Coffee had maintained demand was high enough that no excess inventory had been produced even while production continued to increase. Confidential Green Mountain Coffee employees had stated inventory had been moved between locations without documentation in order to overstate inventory counts and inflate earnings. In June 2018,
560-461: A cold beverage system to be developed by Keurig that allows customers to make Coca-Cola and other brand soft drinks at home. In January 2015, the company made a similar deal with Dr Pepper Snapple Group , but without a stockholder stake. In early March 2014, Green Mountain Coffee Roasters shareholders voted to change its name to Keurig Green Mountain to reflect its business of selling Keurig coffee makers. Its stock-market symbol remained "GMCR". In
640-440: A company they perceive as possibly lacking liquidity. For example, if all shareholders were to simultaneously try to sell their shares in the open market, this would immediately create downward pressure on the price for which the share is traded unless there were an equal number of buyers willing to purchase the security at the price the sellers demand. So, sellers would have to either reduce their price or choose not to sell. Thus,
720-544: A deal worth $ 18.7 billion. Legally, Dr Pepper Snapple Group was the surviving company; it remained publicly traded and changed its name to Keurig Dr Pepper . This created the third largest beverage company in North America. On July 10, shares in Keurig Dr Pepper (KDP) began trading on the New York Stock Exchange . Its stock switched to NASDAQ in 2020. Dr Pepper Snapple Group continues to operate as
800-401: A long period of time after maturity into a profitable company. However, from 1997 to 2012, the number of corporations publicly traded on US stock exchanges dropped 45%. According to one observer ( Gerald F. Davis ), "public corporations have become less concentrated, less integrated, less interconnected at the top, shorter lived, less remunerative for average investors, and less prevalent since
880-575: A new CEO. On July 9, 2018, Keurig Green Mountain acquired the Dr Pepper Snapple Group in an $ 18.7-billion deal. The combined company was renamed Keurig Dr Pepper , and traded publicly again on the New York Stock Exchange under the ticker "KDP" until 2020 when it switched to Nasdaq while retaining the same ticker. Shareholders of Dr Pepper Snapple Group own 13% of the combined company, with Keurig shareholder Mondelez International owning 13% to 14% of that fraction. JAB Holdings owns
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#1732797488778960-700: A packet of noodles and a K-Cup pod of soup, and the varieties include Chicken Noodle and Southwest Style Chicken Noodle. Also in September 2015, Keurig launched Keurig Kold, a brewer which created a variety of cold beverages including soft drinks, functional beverages, and sparkling waters. The machine brewed beverages from The Coca-Cola Company and the Dr Pepper Snapple Group, in addition to Keurig's own line of flavored sparkling and non-sparkling waters and teas, sports drinks, and soda-fountain drinks. The company's primary competitor in this market area
1040-520: A public company. In the United Kingdom , it is usually a public limited company (plc). In France , it is a société anonyme (SA). In Germany , it is an Aktiengesellschaft (AG). While the general idea of a public company may be similar, differences are meaningful and are at the core of international law disputes with regard to industry and trade. Usually, the securities of a publicly traded company are owned by many investors while
1120-565: A recyclable pod which brews large travel mug–sized portions. In mid 2015 Keurig debuted the K200, a smaller Keurig 2.0 model that can brew single cups or four-cup carafes and comes in a variety of colors. General Electric announced that its new Café French Door refrigerator, due out in late 2015, would have a Keurig coffee machine built into the door. In September 2015, Keurig launched a line of Campbell's Soup available in K-Cups. The kits come with
1200-495: A retail market test. The company became one of the largest suppliers of double-certified fair-trade and organic coffee in the world. As American tastes in coffee changed, sales of Green Mountain roasted coffee beans grew. In 1991, GMCR had seven retail outlets, 1,000 wholesale clients, $ 11 million in sales, and $ 200,000 in profits. By 1993, the company had 2,400 wholesale accounts and sales of about $ 10 million, and Green Mountain Coffee Roasters, Inc. started trading publicly , under
1280-637: A scripting language known as PeopleCode , design tools to define various types of metadata , standard security structure, batch-processing tools, and the ability to interface with a SQL database. The metadata describes data for user interfaces, tables, messages, security, navigation, portals, etc. This set of tools can make the PeopleSoft suite platform-independent . Before PIA version 8.0, Components were called Panel Groups. PeopleSoft applications, which address complex business requirements, have some known issues in terms of online security. PeopleSoft
1360-553: A separate entity, its former shareholders receiving compensation in the form of either cash, shares in the purchasing company or a combination of both. When the compensation is primarily shares then the deal is often considered a merger . Subsidiaries and joint ventures can also be created de novo . That often happens in the financial sector. Subsidiaries and joint ventures of publicly traded companies are not generally considered to be privately held companies (even though they themselves are not publicly traded) and are generally subject to
1440-555: A similar deal whereby the latter would sell its coffee and tea in Keurig single-serve pods, and would in return sell Keurig machines in their stores as part of the deal. In 2008 Dr Pepper Snapple group announced the acquisition of a very popular Mexican carbonated beverage company, Manantiales Peñafiel (Peñafiel Springs in English), renaming Manantiales Peñafiel in Mexico as Grupo Peñafiel (Peñafiel Group in English). Squirt (soft drink)
1520-578: A social and environmental responsibility committee overseeing the company's social responsibilities. It also established a vice president for corporate social responsibility who reports directly to the CEO. In addition to its environmental oversight, the company's Sustainability Committee focuses on areas including the financial and environmental viability, health, and resiliency of its coffee-growing and manufacturing supply chains; community outreach; and corporate and employee social responsibility and awareness. GMCR
1600-495: A social and environmental responsibility committee. During that time period GMCR also established a vice president for environmental affairs reporting directly to the CEO. As of 2015, Keurig Green Mountain has a Chief Sustainability Officer. The company offsets 100% of its direct greenhouse gases , and prioritizes waste reduction and responsible energy use, and sustainability over the life-cycle of its products. In addition to other awards and recognition for sustainable practices, GMCR
1680-507: A variety of packaging formats, including Keurig pods, as well as coffee in traditional packaging such as bags, cans, and fractional packs. It sells under a variety of brands, including Van Houtte, Brulerie St. Denis, Brulerie Mont-Royal, and Orient Express, and its licensed Bigelow and Wolfgang Puck brands. Through its owned brands and through its partnerships and licensing, Keurig Green Mountain's K-Cup pods offer more than 400 varieties of coffee, tea, and other beverages from 60 brands, including
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#17327974887781760-476: Is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company ), which facilitates the trade of shares, or not ( unlisted public company ). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are private enterprises in
1840-649: Is especially prevalent in such countries as the United Kingdom and the United States. In the United States, the Securities and Exchange Commission requires firms whose stock is traded publicly to report their major shareholders each year. The reports identify all institutional shareholders (primarily firms that own stock in other companies), all company officials who own shares in their firm, and all individuals or institutions owning more than 5% of
1920-408: Is privately held can buy out the shareholders of a public company, taking the company off the public markets. That is typically done through a leveraged buyout and occurs when the buyers believe the securities have been undervalued by investors. In some cases, public companies that are in severe financial distress may also approach a private company or companies to take over ownership and management of
2000-614: Is recyclable if disassembled into paper, plastic, and metal components. In its 2014 Sustainability Report, released in February 2015, Keurig Green Mountain re-affirmed that a priority for the company is ensuring that 100% of K-Cup pods are recyclable by 2020. From its inception, and in tandem with its environmentally conscious outlook, Green Mountain has had a culture grounded in social responsibility, community mindedness, philanthropy, and respect for employees. Among other recognition and awards for its corporate social responsibility (CSR), GMCR
2080-487: Is traded on a major stock exchange, it is not uncommon when shares are traded over-the-counter (OTC). Since individual buyers and sellers need to incorporate news about the company into their purchasing decisions, a security with an imbalance of buyers or sellers may not feel the full effect of recent news. PeopleSoft PeopleSoft Financial Management Solutions (FMS) and Supply Chain Management (SCM) are part of
2160-404: Is when a company has little or no trading activity and the market price is simply the price at which the most recent trade took place, which could be days or weeks ago. This occurs when there are no buyers willing to purchase the securities at the price being offered by the sellers and there are no sellers willing to sell at the price the buyers are willing to pay. While this is rare when the company
2240-609: The Configurable Network Computing architecture, which shielded applications from both the operating system and the database back-end. PeopleSoft branded the OneWorld product PeopleSoft EnterpriseOne . Beginning in 2003, Oracle began to maneuver for control of the PeopleSoft company. In June 2003, Oracle made a $ 13 billion bid in a hostile corporate takeover attempt. In February 2004, Oracle decreased their bid to approximately $ 9.4 billion; this offer
2320-476: The private sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States , for example, a public company is usually a type of corporation though a corporation need not be
2400-451: The 1934 Act are generally deemed public companies. A public company possess some advantages over privately held businesses. Many stock exchanges require that publicly traded companies have their accounts regularly audited by outside auditors and then publish the accounts to their shareholders. Besides the cost, that may make useful information available to competitors. Various other annual and quarterly reports are also required by law. In
2480-403: The 2018 merger with Dr Pepper Snapple, Gamgort became CEO of Keurig Dr Pepper, and Larry Young, who had been president and CEO of Dr Pepper Snapple, retired from those positions and joined the new company's board of directors. In April 2024, Tim Cofer became the CEO of Keurig Dr Pepper, while Robert Gamgort remained in the position of Executive Chairman. Publicly traded A public company
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2560-625: The Board of Directors. PeopleSoft version 1, released in late 1989, was the first fully integrated, robust client–server HRMS application suite. PeopleSoft expanded its product range to include a financials module in 1992, distribution in 1994, and manufacturing in 1996 after the acquisition of Red Pepper. In 2003, PeopleSoft accomplished a friendly merger with smaller rival JD Edwards . The latter's similar product line, World and OneWorld , targeted mid-sized companies too small to benefit from PeopleSoft's applications. JD Edwards' software used
2640-489: The FomCafe cooperative's quality-control training program, which helps farmers earn higher profits for coffee. In 2002, GMCR was the first corporate investor of the non-profit micro-loan organization Root Capital, and through it Green Mountain has provided millions of dollars in loans to cash-strapped coffee farmers. In 2002 Green Mountain also formed a joint alliance with the U.S. Agency for International Development, to improve
2720-745: The JAB takeover since the sale of its stock holding would provide Coca-Cola with a substantial financial benefit. The acquisition closed in March 2016. Keurig Green Mountain became a privately held company, and remained an independent entity run by its existing management team, retaining its head office in Waterbury, Vermont. In a statement, JAB's chairman Bart Becht said that "Keurig Green Mountain will operate as an independent entity.... The company’s management team...will continue to run Keurig." In July 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group in
2800-517: The KGM purchase included shareholders in the global coffee and tea company Jacobs Douwe Egberts , which owns Tassimo . The agreement was unanimously approved by Keurig Green Mountain's board of directors. The selling price, at $ 92 per share, represented a 77.9% premium over the closing price of Keurig Green Mountain (stock ticker "GMCR") on December 5, 2015. The Coca-Cola Company, Keurig Green Mountain's largest shareholder at 17.4%, announced its support for
2880-583: The Keurig Vue brewer, paired with its new Vue packs, in February 2012, seven months before patents on the K-Cup expired in September 2012. The Vue system was announced as having customizable features so consumers had control over the strength, size, and temperature of their beverages, and the Vue pack is made of recyclable #5 plastic . In November 2012, GMCR released its espresso , cappuccino , and latte brewer,
2960-474: The PeopleSoft is a suite of products built on a client–server (two-tier) approach with a dedicated client . With the release of version 8, the entire suite was rewritten as an n-tier web -centric design called PeopleSoft Internet Architecture (PIA). The new format allowed all of a company 's business functions to be accessed and run from within a web browser . Originally, a small number of security and system setup functions still needed to be performed on
3040-623: The Rivo, co-developed with the Italian coffee company Lavazza . In the fall of 2013, the company released a full-pot brewer, the Keurig Bolt, for use mainly in offices. In February 2014, The Coca-Cola Company purchased a 10% stake in the company, valued at $ 1.25 billion, with an option to increase their stake to 16%, which was exercised in May 2014. The partnership was part of Coca-Cola's support of
3120-834: The Services Automation suite. It ran on Oracle's Exalytics in-memory machine and Oracle Endeca Information Discovery enterprise data platform. In 2015, Oracle PeopleSoft ERP (enterprise resource planning) was an on-premises system capable of running in Windows , Linux , UNIX , and IBM mainframe environments. In 2019, the Department of Foreign Affairs and Trade (DFAT) used the PeopleSoft Enterprise Human Resource platform for time and labor tracking, manager and employee self-service tools, and security. The original architecture for
3200-492: The United States, the Sarbanes–Oxley Act imposes additional requirements. The requirement for audited books is not imposed by the exchange known as OTC Pink. The shares may be maliciously held by outside shareholders and the original founders or owners may lose benefits and control. The principal–agent problem , or the agency problem is a key weakness of public companies. The separation of a company's ownership and control
3280-512: The acquisition of PeopleSoft, Oracle cut over half of PeopleSoft's workforce, laying off 6,000 of PeopleSoft's 11,000 employees. Oracle moved to capitalize on the perceived strong brand loyalty within the JD Edwards user community by rebranding former JD Edwards products. Thus PeopleSoft EnterpriseOne became JD Edwards EnterpriseOne and PeopleSoft World became JD Edwards World. Oracle announced in 2005 that Fusion Applications would combine
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3360-518: The best aspects of the PeopleSoft, JD Edwards, and Oracle Applications and merge them into a new product suite. Under Oracle, PeopleSoft offers different cloud-based software products, including Human Capital Management (HCM), Campus Solutions, Procurement and Supplier Management, Financial Management, and PeopleTools and Technology. In 2010, PeopleSoft released its In-Memory Project Discovery. It translated unstructured data into structured data, which then allowed users to analyze keywords and data in
3440-584: The company acquired Frontier Organic Coffee , and in 2002, it signed an agreement to sell fair trade coffee under the Newman's Own Organics label. In late 2005, GMCR reached a deal to sell its Newman's Own Organics Blend coffee in more than 600 McDonald's restaurants in New England and Upstate New York . In 2006, Green Mountain had a 43% ownership of Keurig, Inc, which it accomplished by successively investing in and acquiring increasing percentage ownership
3520-436: The company between 1993 and 2003, helping to complete its full acquisition of the single-cup brewing systems manufacturer. The subsequent acquisition allowed Green Mountain to adopt a multi-brand portfolio, and multichannel distribution of brands in a variety of settings. It also fuelled substantial revenue growth, and allowed GMCR to transition fully from deriving 95% of its revenue from its low-margin wholesale coffee business in
3600-419: The company for the billions of non-recyclable and non-biodegradable K-Cups consumers purchase and dispose of every year, and for the dichotomy between the company's historic environmentally conscious image and the impact of K-Cups on the environment. In 2015, the company's chief sustainability officer stated that every new K-Cup spin-off product introduced since 2006 – including the Vue, Bolt, and K-Carafe cups –
3680-580: The company introduced its first organic coffee in a retail market test; in 1989 it formed an Employee Environmental Committee, and began a recycling program; and in 1990 it introduced Rain Forest Nut coffee to sponsor rainforest preservation, donating 10% of the product's profits to Conservation International and the Rainforest Alliance , and it introduced the first earth-friendly, oxygen-whitened, dioxin-free coffee filters. In 1992 it formed
3760-645: The company signed an exclusive deal with American Skiing Company , offered its first corporate gifts catalogue, sold its certified organic coffee in ExxonMobil 's national and international On the Run convenience stores, and expanded its supermarket distribution to 500 stores. In 1999, it expanded its export market, including to Great Britain . In 2000, Green Mountain reached an agreement to promote and sell fair trade coffee , committing to making at least 3% of its sales fair trade —certified by TransFair USA . In 2001,
3840-751: The company within two years of his original purchase, but it took four years to turn a profit. To grow the business, Stiller sold the coffee to high-end restaurants and gas stations alike, and gave out free samples as he could not afford advertising. In 1986, he launched a mail-order business which he advertised in gourmet magazines, and acquired his first supermarket-chain customer, Kings . Stiller adopted technology to track customers' orders; to regulate roasting-heat levels appropriate to each bag; and to track distribution, manufacturing, sales, and personnel (adopting PeopleSoft in 1997). By 1983, employees composted used coffee grounds at its retail stores, and by 1986, Green Mountain introduced its first organic coffee in
3920-432: The company. One way of doing so would be to make a rights issue designed to enable the new investor to acquire a supermajority . With a supermajority, the company could then be relisted, or privatized. Alternatively, a publicly traded company may be purchased by one or more other publicly traded companies, with the target company becoming either a subsidiary or joint venture of the purchaser(s), or ceasing to exist as
4000-477: The early 1990s, the company has annually sent groups of employees on trips to coffee farms in Latin America, to gain first-hand experience in the lives of coffee growers. GMCR has prioritized initiatives to alleviate poverty and hunger in coffee-growing communities. These include Coffee Kids, an international non-profit which improves the lives of children and families in remote coffee-growing villages; and
4080-451: The fall of 2014, Keurig Green Mountain introduced the Keurig 2.0 brewer, with technology to prevent old or unlicensed pods being used in the brewer. The digital lock-out sparked hacking attempts and antitrust lawsuits. The 2.0 brewer also has the capacity to brew full carafes in addition to single servings, via the use of the new K-Carafe portion pack. In March 2015, it launched the K-Mug pod,
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#17327974887784160-444: The firm's stock. For many years, newly-created companies were privately held but held initial public offering to become publicly traded company or to be acquired by another company if they became larger and more profitable or had promising prospects. More infrequently, some companies such as the investment banking firm Goldman Sachs and the logistics services provider United Parcel Service (UPS) chose to remain privately held for
4240-592: The first K-Cups with Green Mountain Coffee helped GMCR begin to further compete with Starbucks by allowing people to brew their own single servings of premium coffee. Also in 1997, a deal with Poland Spring opened the office-worker market by distributing Green Mountain Coffee to thousands of offices in the Northeast . In 1998, GMCR closed its 12 retail shops in favor of the burgeoning direct-mail and online market, its growing distributions to business offices and other national venues, and its wholesale market. That year,
4320-464: The high-margin sales of its many varieties of single-serve K-Cup pods. In March 2014, GMCR changed its name to Keurig Green Mountain. A publicly traded company from 1993 through 2015, Keurig Green Mountain was acquired by a group of investors led by JAB Holding Company in March 2016 for $ 13.9 billion in cash. Keurig Green Mountain became a privately held company for two years, and was an independent entity run by its pre-existing management team and
4400-652: The large inventory with a single vendor, M. Block and Sons, Inc. Most analysts felt that the company practices were sound. The SEC ended the probe in October 2014, and brought no enforcement action against Green Mountain or its employees. In February 2011, Green Mountain announced an agreement with Dunkin' Donuts to make Dunkin’ Donuts coffee available in single-serve K-Cup pods for use with Keurig Single-Cup Brewers. In addition, participating Dunkin’ Donuts restaurants on occasion offer Keurig Single-Cup Brewers for sale. In March 2011, Green Mountain Coffee and Starbucks announced
4480-651: The late 1990s (approximately $ 65 million), to deriving 95% of its revenue from high-margin sales of K-Cups as of 2014 (more than $ 4.3 billion). Green Mountain also acquired the four additional Keurig licensees in 2009 and 2010: On September 28, 2010, GMCR's stock rose to what was then an all-time high; however, the company disclosed after the markets closed that the Securities and Exchange Commission (SEC) had requested documents and data related to an inquiry into how it accounted for revenue. The company announced that U.S. regulators had inquired into some of Green Mountain's accounting practices, including revenue recognition , and
4560-605: The livelihoods of those in impoverished coffee-growing regions. Internally, GMCR has cultivated and maintained a flat corporate culture , where employee buy-in, enthusiasm and vision, collaboration, and input is important. The company offers employees continuous training and development opportunities; tuition for outside education; profit-sharing; financial education; and continuous career-advancement support. Employees are paid for up to 52 hours of volunteer work in their community per year. GMCR has been on Forbes ' list of Best Small Companies five times, and has been recognized as
4640-453: The newly merged conglomerate also sells sodas, juices, and other soft drinks via its Dr Pepper Snapple division based in Texas . Green Mountain Coffee Roasters (GMCR) was established in 1981. After regional and national expansion in the late 1980s, and an IPO in 1993, the company completed its acquisition of the brewing-machine manufacturer Keurig, Inc. in 2006, enabling rapid growth through
4720-425: The number of trades in a given period of time, commonly referred to as the "volume" is important when determining how well a company's market capitalization reflects true fair market value of the company as a whole. The higher the volume, the more the fair market value of the company is likely to be reflected by its market capitalization. Another example of the impact of volume on the accuracy of market capitalization
4800-497: The price per share. For example, a company with two million shares outstanding and a price per share of US$ 40 has a market capitalization of US$ 80 million. However, a company's market capitalization should not be confused with the fair market value of the company as a whole since the price per share are influenced by other factors such as the volume of shares traded. Low trading volume can cause artificially low prices for securities, due to investors being apprehensive of investing in
4880-460: The remaining 73-74%. In 2021, Keurig Dr Pepper opened its second headquarters in Frisco, Texas . Since April 2024, the CEO of Keurig Dr Pepper has been Tim Cofer. Green Mountain Coffee Roasters (GMCR) began when entrepreneur Bob Stiller was near a Vermont ski resort, where he drank a cup of coffee that he enjoyed and looked for its source. In 1981, he and a partner bought a two-thirds stake in
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#17327974887784960-528: The research on public-facing Oracle PeopleSoft applications and their vulnerabilities, systems available online are susceptible to the TokenChpoken attack. A TokenChpoken attack, which affects systems that use Single Sign-On (SSO), is possible because an authentication cookie (PS_TOKEN) used by PeopleSoft applications can be forged. When the PS_TOKEN is identified by a "brute force" TokenChpoken attack, it
5040-418: The same package, commonly known as Financials and Supply Chain Management (FSCM). PeopleSoft Campus Solutions (CS) is a separate package developed as a student information system for colleges and universities. PeopleSoft Enterprise Learning Management ELM is a separate learning management system and can be used standalone or with PeopleSoft HCM. Founded in 1987 by Ken Morris and David Duffield , PeopleSoft
5120-446: The same reporting requirements as publicly traded companies. Finally, shares in subsidiaries and joint ventures can be (re)-offered to the public at any time. Firms that are sold in this manner are called spin-outs . Most industrialized jurisdictions have enacted laws and regulations that detail the steps that prospective owners (public or private) must undertake if they wish to take over a publicly traded corporation. That often entails
5200-502: The shares of a privately held company are owned by relatively few shareholders. A company with many shareholders is not necessarily a publicly traded company. Conversely, a publicly traded company typically (but not necessarily) has many shareholders. In the United States, companies with over 500 shareholders in some instances are required to report under the Securities Exchange Act of 1934 ; companies that report under
5280-517: The small speciality coffee roasting company in Waitsfield, Vermont , that produced the roasted beans. The store and cafe sold beans, grounds, and coffee to the public and a few restaurants. Stiller dedicated himself to coffee-roasting , using arabica coffee beans. By 1982, the company had around 30 employees, and moved its production facilities to Waterbury, Vermont . Stiller bought out his two partners for $ 100,000 and became sole proprietor of
5360-665: The suit was rejected by a U.S. Federal judge , who found that the Justice Department had not proven its antitrust case. In October, the same decision was handed down by the European Commission . Although Oracle had reduced its offer to $ 7.7 billion in May, it again raised its bid in November to $ 9.4 billion. In December 2004, Oracle announced that it had signed a definitive merger agreement to acquire PeopleSoft for approximately $ 10.3 billion. A month after
5440-487: The then-named Keurig Green Mountain, Inc. agreed to a $ 36.5 million dollar settlement. GMCR began to embrace an environmental ethos within two years of its founding, and environmentalism and sustainability were important policies for which Green Mountain became well known. Among other initiatives within Green Mountain's first decade, in 1983 employees began composting used coffee grounds at its retail stores; in 1986
5520-548: The ticker "GMCR". The company expanded its retail locations, food-service distribution, mail-order business, and wholesale business. In 1994, Green Mountain began exporting to Canada and Taiwan. In the late 1990s, it broadened its national supermarket chain distribution, gas-station and convenience-store distribution throughout the northeast, and it sold its product on airlines and Amtrak , specialty coffee stores, and venues such as LL Bean , Weight Watchers International , and Staples . In 1993, three engineering entrepreneurs from
5600-844: The top ten best-selling coffee brands in the U.S. Founder Bob Stiller was president and CEO of the company from its inception in 1981 until 2007, when he stepped down but remained chairman until May 2012. Lawrence J. Blanford became Green Mountain's president and CEO in 2007. Brian Kelley, previously chief product supply officer of Coca-Cola Refreshments , became the company's president and CEO in December 2012. In March 2016, JAB Holding Company and other investors acquired Keurig Green Mountain. Robert Gamgort, previously CEO of Pinnacle Foods , took over as KGM's new CEO in May 2016. The pre-existing management team, with Gamgort as its new CEO, continued to run Keurig Green Mountain as an independent entity, following its acquisition by JAB Holding Company. Following
5680-428: The turn of the 21st century". Davis argues that technological changes such as the decline in price and increasing power, quality and flexibility of computer numerical control machines and newer digitally enabled tools such as 3D printing will lead to smaller and more local organization of production. In corporate privatization, more often called " going private ," a group of private investors or another company that
5760-409: The would-be buyer(s) making a formal offer for each share of the company to shareholders. The shares of a publicly traded company are often traded on a stock exchange . The value or "size" of a company is called its market capitalization , a term which is often shortened to "market cap". This is calculated as the number of shares outstanding (as opposed to authorized but not necessarily issued) times
5840-410: Was SodaStream . In June 2016 Keurig announced it was discontinuing the machine and offered refunds to purchasers. On December 7, 2015, an investor group led by private-equity firm JAB Holding Company —an investment firm dealing in high-end consumer goods, whose holdings include Peet's Coffee & Tea —announced its intent to acquire Keurig Green Mountain for $ 13.9 billion. The minority investors in
5920-474: Was a pioneer in the Fair Trade movement in 2000, guaranteeing farmers a steady minimum price far above market value. Since 2010 Green Mountain has been the largest purchaser of Fair Trade coffee in the world. In addition, the company was from its beginnings known for its long-term relationships and fair dealings with coffee-growing suppliers, and for its large percentage of farmer-direct coffee purchases. Since
6000-416: Was also rejected by PeopleSoft's board of directors . Complicating Oracle's takeover attempt was PeopleSoft's poison pill , allowing their customers to potentially receive refunds of 2–5 times the amount they had paid in the case of a takeover. Later that month, the U.S. Department of Justice filed suit to block Oracle, on the grounds that the acquisition would break antitrust laws. In September 2004,
6080-441: Was in the top ten of the "100 Best Corporate Citizens" each year from 2003 to 2007, and was ranked #1 in 2006 and 2007. GMCR was not under consideration for the ranking in 2008, because the focus switched to exclusively large-cap companies. It re-entered the "100 Best Corporate Citizens" list in 2010 and 2013. In 2005, Green Mountain released its first Corporate Social Responsibility Report. In 2008, GMCR's board of directors added
6160-506: Was marked as one of the biggest hits of the company in Mexico , due to its famous and extended use there as a cocktail beverage to accompany tequila . In 2018, resulting from the merger of Keurig Green Mountain and Dr Pepper Snapple Group, Keurig Dr Pepper started operations in Mexico as Peñafiel Group, commercializing its portfolio in Mexico and expanding for the first time to Mexican and Latin markets. Green Mountain Coffee Roasters introduced
6240-543: Was on Sustainable Business ' s "World's Top 20 Sustainable Business Stocks" annually from 2002 to 2007, and as of 2015 it is on the EPA 's National Top 100 of green power users in the U.S. In 2014, Keurig Green Mountain announced a multi-faceted effort to address the long-term challenges of the global water crisis , and instituted an initial commitment of $ 11 million to support nonprofits working to promote water security. Environmental advocates and journalists have criticized
6320-621: Was originally headquartered in Walnut Creek, California , before moving to Pleasanton, California . Duffield envisioned a client–server version of Integral Systems popular mainframe HRMS package. He cofounded PeopleSoft after leaving Integral Systems which was also based in Walnut Creek. It should not be confused with Integral Systems of Columbia, Maryland, a different company. The company's sole venture backing came from IBM. George J. Still Jr. from Norwest Venture Partners joined
6400-450: Was used by Fortune 500 companies and government organizations, and almost 50% of them are vulnerable and can be hacked via the internet, as researchers state. The risk factor lies in existing vulnerabilities of Oracle PeopleSoft systems that could enable data breaches at businesses, government organizations, and universities. Because of this, companies using PeopleSoft applications are under constant threat of cyber attacks. According to
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