Business Roundtable

The Business Roundtable (BRT) is a conservative group of chief executive officers of major U.S. corporations formed to promote pro-business public policy.

History

The Roundtable was founded in 1972 by John Harper, the head of ALCOA Aluminum, and Fred J. Borch, CEO of General Electric, who were concerned about growing public hostility toward corporations as evidenced by support for government regulation of the workplace environment and about the power of unions to squeeze corporate profits in an increasingly competitive international market. The two CEOs talked with John Connally, President Nixon's Secretary of Treasury, and Arthur Burns, the Chairman of the Federal Reserve, who advised them to set up a lobbying organization that would specifically represent large banks and corporations. Harper was the first president, followed by Thomas Murphy of General Motors, Irving Shapiro of Du Pont, and Clifford Garvin of Exxon.

The group was formed through the merger of three existing organizations: the March Group, consisting of chief executive officers who met informally to consider public policy issues; the Construction Users Anti-Inflation Roundtable, a group devoted to containing construction costs; and, the Labor Law Study Committee, largely made up of labor relations executives of major companies. The group is called President Obama's "closest ally in the business community."

Barack Obama

Barack Hussein Obama II (US ⁱ/bəˈrɑːk huːˈseɪn oʊˈbɑːmə/; born August 4, 1961) is an American politician serving as the 44th President of the United States, the first African American to hold the office. Born in Honolulu, Hawaii, Obama is a graduate of Columbia University and Harvard Law School, where he served as president of the Harvard Law Review. He was a community organizer in Chicago before earning his law degree. He worked as a civil rights attorney and taught constitutional law at University of Chicago Law School between 1992 and 2004. He served three terms representing the 13th District in the Illinois Senate from 1997 to 2004, and ran unsuccessfully in the Democratic primary for the United States House of Representatives in 2000 against incumbent Bobby Rush.

In 2004, Obama received national attention during his campaign to represent Illinois in the United States Senate with his victory in the March Democratic Party primary, his keynote address at the Democratic National Convention in July, and his election to the Senate in November. He began his presidential campaign in 2007 and, after a close primary campaign against Hillary Rodham Clinton in 2008, he won sufficient delegates in the Democratic Party primaries to receive the presidential nomination. He then defeated Republican nominee John McCain in the general election, and was inaugurated as president on January 20, 2009. Nine months after his inauguration, Obama was named the 2009 Nobel Peace Prize laureate.

Business

A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.

Round Table

The Round Table is King Arthur's famed table in the Arthurian legend, around which he and his Knights congregate. As its name suggests, it has no head, implying that everyone who sits there has equal status. The table was first described in 1155 by Wace, who relied on previous depictions of Arthur's fabulous retinue. The symbolism of the Round Table developed over time; by the close of the 12th century it had come to represent the chivalric order associated with Arthur's court, the Knights of the Round Table.

History

The Round Table first appears in Wace's Roman de Brut, a Norman language adaptation of Geoffrey of Monmouth's Historia Regum Britanniae finished in 1155. Wace says Arthur created the Round Table to prevent quarrels among his barons, none of whom would accept a lower place than the others.Layamon added to the story when he adapted Wace's work into the Middle English Brut in the early 13th century, saying that the quarrel between Arthur's vassals led to violence at a Yuletide feast. In response a Cornish carpenter built an enormous but easily transportable Round Table to prevent further dispute. Wace claims he was not the source of the Round Table; both he and Layamon credited it instead to the Bretons. Some scholars have doubted this claim, while others believe it may be true. There is some similarity between the chroniclers' description of the Round Table and a custom recorded in Celtic stories, in which warriors sit in a circle around the king or lead warrior, in some cases feuding over the order of precedence as in Layamon. There is a possibility that Wace, contrary to his own claims, derived Arthur's round table not from any Breton source, but rather from medieval biographies of Charlemagne—notably Einhard's Vita Caroli and Notker the Stammerer's De Carolo Magno—in which the king is said to have possessed a round table decorated with a map of Rome.

First Lady

First Lady is an unofficial title used for the wife or hostess of a non-monarchical head of state or chief executive. The term is also used to describe a woman seen to be at the top of her profession or art. Collectively, the President of the United States and his spouse are known as the First Couple and, if they have a family, they are usually referred to as the First Family.

The term is sometimes used, particularly in the US, to refer to the spouse of other non-monarchical heads of state, even if they do not have that style in their own country. Some other countries have a title, formal or informal, that is or can be translated as first lady. The title is not normally used for the wife of a head of government who is not also head of state. It is sometimes employed for the wife of a prime minister; an incorrect usage, as prime ministers do not precede the head of state.

The term in the United States is also used to refer to wives of governors and, less formally, to wives of college and university presidents. It has even been used in reference to female spouses of men who were chairmen of major corporations. There has not yet been a female US president, but the term "First Gentleman" is used in the United States for the husband of a governor.