Callaway Golf

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Title: Callaway Golf

Essay Details:

Subject: Business

Author: Millicent W

Date: May 8, 2014

Level: University

Grade: A

Length: 2 / 486

Essay text:

The company has about 3000 employees and its partially owned by Arrowhead Trust INC., 12.9%; Wellington Management, 10.6%; Officers & directors own 5.0% of common shares. Callaway Golf was founded in 1982 by CEO Emeritus Ely R. Callaway. Sales were relatively modest until the early 1990's when it introduced a radically improved club head design, eliminating the hosel and building a longer-hitting, more forgiving oversize club. In February, 1992, the company completed an initial public offering underwritten by Merrill Lynch. 2.6 million shares were sold to the public at $20 each. The stock has since undergone a three two-for-one splits...

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