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Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe .
The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) is an influential element of economic theory; it forms the basis for modern thinking on capital structure. [1] The basic theorem states that in the absence of taxes , bankruptcy costs, agency costs , and asymmetric information , and in an efficient market , the enterprise ...
Akton "Ak" Miller was a long-time hot-rodder and racing driver as well as NHRA vice-president. [13] He built a series of five or six Miller-Devin specials powered by a variety of engines. [14] Three of the cars raced at the Pikes Peak hill climb. [1]: 135–136 Miller built his first Devin-bodied special in 1958 for the Pikes Peak hill climb.
The four-seater Mustang was known beforehand to be the car that would actually be produced for sale using the first generation Ford Falcon platform. Based on a four-seater configuration and using a front-engine layout based on the Falcon, the Mustang II was much more conventional in design and concept and closely resembled the final production ...
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The Mustang was a lightweight motorcycle built by Gladden Products Corporation in Glendale, California, [1] [2] from 1946 to 1965. The second production version, the Mustang Model 2, was among the first motorcycle manufactured in the United States to have a telescopic fork .
However, Miller was unsatisfied with campaigning customer prototypes—"If you're going to be competitive you had to have a unique car," Miller said. Bob had earlier developed conceptual plans for a high-downforce, rear-engined GTP car as a follow-on to his mid-1980s Ford Mustang GTP design, and Miller agreed to fund the design and construction ...
Both 1971 Mustang Sportsroofs used in the film (neither car has been proven to be a Mach 1, as often assumed) were bought in 1971, but—as it was three years before the film's director H. B. Halicki could raise sufficient funds to start filming—each car was modified with grilles taken from a 1973 model for the film (though each retain the original front bumpers, lower valances, and fenders).