Thomason Group
Leon Thomason’s return forced a restructuring of the nearly bankrupted Thomason Holdings, resulting in its dissolution and replacement with a new, publicly traded corporation. The initial ownership share was:
Andrew Thomason 30% (In trust under Xavier)
Leon Thomason 30%
Xavier Thomason 20%
Mark Thomason 5% (In trust under Xavier)
Gavin Thomason 5% (In trust under Leon)
Publicly traded 10%
With the number of shares under Xavier’s control (55%) he could overrule Leon as majority shareholder, but as he admitted he had no understanding of business he generally deferred to Leon. As part of the reforms, Leon would eliminate individual company presidencies, but made the CEO of each subsidiary a member of the Board of Thomason Group. In addition, he would liquidate or spin off a number of minor subsidiaries, including Thomason Mining, Thomason Automotive, and Stellar Navigation. Most land or mineral rights held under Thomason Property Management were sold off to generate the funds needed to stabilize the company. A number of secondary subsidiaries were elevated to Board level positions, completely separating Astra Lines from Thomason Shipping, and Thomason Navigation from Thomason Computing. Thomason Construction and Thomason Heavy Construction would be merged and likewise separated. Thomason Manufacturing and Industries would be combined. This resulted in an entirely new structure:
Thomason Computing
Thomason Supercomputers
Thomason Navigation
Thomason Manufacturing
Thomason Heavy Industries
Thomason Power
Thomason Heavy Equipment
Thomason Agricultural Equipment
Thomason Construction
Thomason Aerospace (a rebranding of Thomason Shipbuilding)
Remus Design
Thomason Shipping
Astra Lines
Thomason Property Development (a restructuring of Property Management)
Leon would later liquidate Thomason Power and consolidate the rest of Thomason Heavy Industries into Thomason Heavy Equipment. Thomason Supercomputers would then be merged entirely into Thomason Computing, thereby eliminating all major secondary subsidiaries. The elimination of roughly seventy brand names allowed everything to be marketed under Thomason Group. He would also cancel the long running contract with the Quon Xi Company, where they would rebrand and resell products that failed to meet Thomason Manufacturing’s standards. These products would instead be sold at a discount as an economy option.
Andrew Thomason 30% (In trust under Xavier)
Leon Thomason 30%
Xavier Thomason 20%
Mark Thomason 5% (In trust under Xavier)
Gavin Thomason 5% (In trust under Leon)
Publicly traded 10%
With the number of shares under Xavier’s control (55%) he could overrule Leon as majority shareholder, but as he admitted he had no understanding of business he generally deferred to Leon. As part of the reforms, Leon would eliminate individual company presidencies, but made the CEO of each subsidiary a member of the Board of Thomason Group. In addition, he would liquidate or spin off a number of minor subsidiaries, including Thomason Mining, Thomason Automotive, and Stellar Navigation. Most land or mineral rights held under Thomason Property Management were sold off to generate the funds needed to stabilize the company. A number of secondary subsidiaries were elevated to Board level positions, completely separating Astra Lines from Thomason Shipping, and Thomason Navigation from Thomason Computing. Thomason Construction and Thomason Heavy Construction would be merged and likewise separated. Thomason Manufacturing and Industries would be combined. This resulted in an entirely new structure:
Thomason Computing
Thomason Supercomputers
Thomason Navigation
Thomason Manufacturing
Thomason Heavy Industries
Thomason Power
Thomason Heavy Equipment
Thomason Agricultural Equipment
Thomason Construction
Thomason Aerospace (a rebranding of Thomason Shipbuilding)
Remus Design
Thomason Shipping
Astra Lines
Thomason Property Development (a restructuring of Property Management)
Leon would later liquidate Thomason Power and consolidate the rest of Thomason Heavy Industries into Thomason Heavy Equipment. Thomason Supercomputers would then be merged entirely into Thomason Computing, thereby eliminating all major secondary subsidiaries. The elimination of roughly seventy brand names allowed everything to be marketed under Thomason Group. He would also cancel the long running contract with the Quon Xi Company, where they would rebrand and resell products that failed to meet Thomason Manufacturing’s standards. These products would instead be sold at a discount as an economy option.
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