February | TVA Group Formed
TVA Group began humbly in the backwoods of Tennessee, United States of America at the end of February, 2009. It was founded as Tennessee Valley Authority, to act as a "common pool" for the corporations American WorldWide, Jewron Incorporated, and Nelco Industries. These three corporations funded and backed the growth of Tennessee Valley Authority until it became larger than all three of them combined. In late March it would become apparent that Tennessee Valley Authority was the beginning of a great idea - run a business to run it, not to profit individually. Since the formation of TVA Group, money would not be taken out of a TVA Group asset for personal means. This made it unique and allowed it to expand by just reinvesting its profits.
April | Aggressive Expansion
In April, TVA Group would surpass corporate giant Capital Bank of America for the title of Largest Corporation in the United States of America.
Until April, TVA Group did little but slowly gain up capital and expand into the skeleton that it is today. On April 10th, 2009 (Day 507 of the New World), it was official: TVA Group was formed and would have executive right to the four organizations of American WorldWide, Jewron Inc., Nelco Industries, and Tennessee Valley Authority.
On April 12th, 2009 (Day 510 of the New World), the Authority Bank of Commerce would be opened to the public after a week-long financial reworking within TVA Group. It would become the eWorld's longest-lasting financial institution.
The months of May and June would bring little change, as the Bank of Commerce and the companies behind TVA Group worked diligently to become more efficient, profitable, and world-extensive. TVA Group would use these months to explore different markets in Singapore, Spain, Russia, and Peru. Ultimately, the markets would fall short of expectations; partly due to the fact that the staff of TVA Group was terribly underemployed and did not have the time to dedicate to the Group's advance.
On April 12th, 2009 (Day 510 of the New World), the Authority Bank of Commerce would be opened to the public after a week-long financial reworking within TVA Group. It would become the eWorld's longest-lasting financial institution.
The months of May and June would bring little change, as the Bank of Commerce and the companies behind TVA Group worked diligently to become more efficient, profitable, and world-extensive. TVA Group would use these months to explore different markets in Singapore, Spain, Russia, and Peru. Ultimately, the markets would fall short of expectations; partly due to the fact that the staff of TVA Group was terribly underemployed and did not have the time to dedicate to the Group's advance.
July | A War-torn Group Changes
July began as a slow month, but soon picked up pending the North American Invasion by PEACE Global Community. By now, TVA Group was the largest corporation in the United States and in the top three of the eWorld. Being mostly a United States-based corporation, TVA Group naturally began to support the war effort.
Jump-starting over five weapons companies of various quality levels as well as creating a Bond/Loan system "just in case" for the United States Treasury, TVA Group spearheaded the "Buy eAmerican!" movement which would continue to this day.
Jump-starting over five weapons companies of various quality levels as well as creating a Bond/Loan system "just in case" for the United States Treasury, TVA Group spearheaded the "Buy eAmerican!" movement which would continue to this day.
Before the war and the "war machine" it unleashed, TVA Group employed about 8.33% of the eUnited States' labor force. Just two weeks after the war began, TVA Group would boast over 10% of the eUSA's workforce under its employment.
Although all three Chairmen and two members of the Board were in the U.S. Government and busy with the war time rhetoric it required, TVA Group expanded and formed a corporate hierarchy as well as would re-open the Bank of Commerce's Banking Department after closing it off to new applicants once the war began. It would open with new services - as would the entire structure of TVA Group.
TVA Group's structure originally composed of three Chief Officers (Executive, Financial, Management) with two Vice Officers (Executive, Financial). In late June it was decided that if TVA Group planned to expand any more and become more powerful in the global economy, it would need a more structured and reinforced corporate infrastructure.
It broke TVA Group into two divisions: TVA Corporate and TVA Financial. TVA Corporate would handle businesses, while TVA Financial would handle the Bank of Commerce and any services offered by TVA Group. It also would create a three-level corporate hierarchy. At the top would be three permanent Chairmen, second would be three Board members appointed by the Chairmen and could only be removed with a unanimous vote by the Chairmen, and below them would be a Board of Trustees which would hold advisory and extra-resource positions - appointed as seen fit.
The flexible body at the bottom and the secured Chairmen at the top guaranteed an ever-changing but stable corporate base for the future of TVA Group.
TVA Group's structure originally composed of three Chief Officers (Executive, Financial, Management) with two Vice Officers (Executive, Financial). In late June it was decided that if TVA Group planned to expand any more and become more powerful in the global economy, it would need a more structured and reinforced corporate infrastructure.
It broke TVA Group into two divisions: TVA Corporate and TVA Financial. TVA Corporate would handle businesses, while TVA Financial would handle the Bank of Commerce and any services offered by TVA Group. It also would create a three-level corporate hierarchy. At the top would be three permanent Chairmen, second would be three Board members appointed by the Chairmen and could only be removed with a unanimous vote by the Chairmen, and below them would be a Board of Trustees which would hold advisory and extra-resource positions - appointed as seen fit.
The flexible body at the bottom and the secured Chairmen at the top guaranteed an ever-changing but stable corporate base for the future of TVA Group.
August | Recovery and Expansion
The beginning of August was a terrible one for TVA Group as it saw the United States falling - the majority of its companies no exception. On August 10th it became official: TVA Group would have to aggressively expand again. This time, it would do so in multiple markets with hundreds of GOLD invested in the venture. The largest eRepublik sell-off to the date soon followed suit as over 350 GOLD worth of companies and estate was sold - all of TVA USA except for four of its largest companies.
TVA Russia Headquarters, Kaliningrad, Russia