Sealed Air Sealed Air Sealed Air Corporation is a packaging company known for its brands: Cryovac food packaging and Bubble Wrap cushioning packaging. Sealed Air Corporation has two divisions: Food Care & Product Care. It sold off its stake in Diversey Care in 2017. Ted Doheny is the CEO of the Charlotte, North Carolina-headquartered Sealed Air. In 1957, Alfred W. Fielding and Marc Chavannes attempted to invent plastic wallpaper with a paper backing. While the wallpaper failed, Fielding and Chavannes later realized that what they had come up with could be used for packing material. Sealed Air was founded in 1960 based
Used and Useful Principle public. In reviewing the interests of the customers versus the interests of the company, the United States Supreme Court connected the concept of whether or not something is used or useful to the public service provided to determine rates. This case provided the legal foundation for the idea that only property serving the public is eligible to earn a rate of return. The principle of used and useful also provides a way to place definite limitations on costs charged to utility customers. Not only must it be proven that utility investments and expenditures are used and useful to the ratepayers,