The Rank Group and Rank España in Spain (10 bingo clubs). Rank is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was formed to acquire the business interests of the Rank Organisation, which itself was formed out of the business interests of its founder, J. Arthur Rank. Until the start of the 21st century, the group still had a tremendous amount of leisure holdings; however, as the decade progressed it divested these interests, beginning with Pinewood Studios and the Odeon cinema chain. It also shed its engineering interests, such as its share in Rank
Reduction in rank Reduction in rank Reduction in rank may refer to three separate concepts: Reduction in rank (Latin "gradus deiectio" meaning position degradation) was a Roman military punishment. In the United States, courts-martial may adjudge reduction to any enlisted member to the lowest or any intermediate pay grade. However, a summary court-martial may not sentence a person to reduction by more than one grade. Article 15 of the Uniform Code of Military Justice (UCMJ) authorizes commanding officers to "in addition to or in lieu of admonition or reprimand" impose "reduction to the next inferior pay grade, if the grade from which demoted