On This Day:
Tuesday February 7, 2012
This is the 38th day of the year, with 328 days remaining
in 2012.
Fact of the Day: presidents and CEOs
There is a a legal difference and a functional difference
between a president and CEO of a company. Legally, each
state requires corporations to have presidents. Most also
require two to three other officers, such as vice president,
secretary and treasurer, each of which has specific duties.
Legally, the president of a corporation is the head of the
corporation for corporate registration purposes. There is no
uniform legal definition for CEO. Functionally, the
differences between Presidents and CEOs vary in different
corporations. Many smaller corporations do not have CEOs;
the president or other managers perform the management
functions of the CEO. CEOs are generally seen in larger
corporations. The CEO manages day-to-day operations while
the President does long-range planning. It is the same
distinction that is made in the military between strategy
(the president) and tactics (the CEO), or planning what to
do versus figuring out how to do it and getting it done.
Many corpor
ations have their own definitions for what each person does.
There may be a powerful CEO and a figurehead President or a
President who manages many day-to-day operations and a CEO
who only takes care of manufacturing. There are no uniform
definitions other than the legal one for the president as
the head corporate officer. You will also see many times
these days that one person is given both titles.
Holidays
Feast day of St. Luke the Younger, St. Theodore of Heraclea,
St. Adaucus, St Moses, St. Richard, "King of the English,"
and St. Silvin.
Grenada:
Independence Day (from Great Britain, 1974).
Italy:
Feast of the Incappucciati.
Events
1301
- Edward
Caernarvon (later King
Edward II) became the first Prince of Wales.
1827
- French danseuse Mme. Francisquy
Hutin introduced ballet
to the U.S. with a performance of "The Deserter" at the
Bowery Theater.
1882
- John
L. Sullivan won the last bare-knuckle heavyweight
boxing championship.
1904
- The Great
Baltimore Fire began when wind whipped a fire in the
business district into a conflagration that engulfed a large
part of the city by evening. More than 1,500 buildings were
completely leveled, and another 1,000 severely damaged, with
property loss an estimated $100 million. It was the biggest
fire-related disaster since the Great
Chicago Fire of 1871.
1905
- Congress
granted statehood to Oklahoma.
New
Mexico and Arizona
were the only remaining territories.
1931
- Aviator Amelia
Earhart married publisher George
P. Putnam.
1943
- The U.S. government announced that shoe rationing would go
into effect, limiting consumers to buying three pairs per
person for the remainder of the year.
1947
- The main group of the Dead
Sea Scrolls, dating to about 150 BC-AD 68, was found
in caves by the Jordan
River.
1948
- General Dwight
D. Eisenhower resigned as Army chief of staff; he was
succeeded by General Omar
Bradley.
1964
- The Beatles
began their first American tour, arriving at New
York's Kennedy
International Airport.
1971
- Women in Switzerland
won the right to vote.
1972
- Title
IX was passed, a U.S. law guaranteeing gender equality
in federally-funded school programs, including athletics.
1973
- The U.S. Senate
voted to form an investigative committee to look into the Watergate
break-in.
1984
- U.S.
Navy Captain Bruce
McCandless became the first human being to fly
untethered in space when he exited the U.S. space shuttle Challenger
and maneuvered freely. Robert
L. Stewart joined him in the feat.
1985
- "Sports
Illustrated" released its annual swimsuit edition.
1985
- "New
York, New York" became the official anthem of the Big
Apple.
1986
- Haitian President-for-Life Jean-Claude
Duvalier fled his country, ending 28 years of his
family's rule.
1992
- The European
Union was established upon the signing of the Maastricht
Treaty of European Union.
1995
- Ramzi
Yousef, the alleged mastermind of the World
Trade Center bombing, was arrested in Islamabad,
Pakistan,
after two years as a fugitive.
1999
- Crown
Prince Abdullah becomes the King
of Jordan on the death of his father, King
Hussein.
Births
1804
- John
Deere, American farm equipment manufacturer.
1812
- Charles
Dickens, British novelist.
1817
- Frederick
Douglass, American abolitionist leader.
1837
- Sir James
Murray, Scottish lexicographer and editor.
1867
- Laura
Ingalls Wilder, American writer.
1883
- Eubie
Blake (James
Hubert Blake), American pianist, writer.
1885
- Sinclair
Lewis, first American Nobel
prize-winning author (1930).
1906
- P'u-I
(Pu
Yi) (born Hsüan-T'ung),
China's
last emperor.
1908
- Buster
Crabbe, American Olympic Gold medal swimmer, actor.
1962
- Garth
Brooks American country music singer-songwriter.
1965
- Chris
Rock, American stand-up comedian and actor.
1974
- Steve
Nash, Canadian professional basketball player.
1978
- Ashton
Kutcher American actor, television producer, and
former fashion model.
Deaths
1894
- Adolphe
Sax, Belgian
inventor of the saxophone.
1979
- Josef
Mengele, Nazi
German
SS
officer and a physician in Auschwitz
Nazi concentration
camp.
1999
- Jordan's
King
Hussein.
2000
- Doug
Henning, Canadian magician, illusionist, and escape
artist.
2001
- Dale
Evans an American writer, film star, and
singer-songwriter. She was the wife of singing cowboy Roy
Rogers.
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