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Star Banc Corporation Business Information, Profile, and History
425 Walnut Street
Cincinnati, Ohio 45202
U.S.A.
History of Star Banc Corporation
Star Banc Corporation is a bank holding company for nationally and state-chartered commercial banks in the tristate area of Indiana, Kentucky, and Ohio. The holding company oversees 198 bank branches, an automatic teller machine (ATM) network, and two 24-hour telephone systems, the Automated Voice Response line for general information and the Financial Services Center telemarketing unit, which handles loan applications and opens new accounts. Diversifying both its holdings and corporate plan in the 1990s, Star Banc became a leading provider of consumer, commercial, and financial trust services in the tristate region. The company also became known for creating new financial tools and experimenting with nontraditional investment products. The corporation, headquartered in Cincinnati, shares the 26-floor Star Bank Center with its largest subsidiary, Star Bank, N.A., which reported assets of $6.6 billion in 1993.
Star Banc's history began with the founding of the First National Bank of Cincinnati in 1863. Over the years, First National would engage in numerous acquisitions, mergers, personnel changes, and reorganizations. In 1957, Oliver Waddell, a law school graduate from the University of Kentucky, joined First National as a management trainee; his name would eventually become synonymous with both the First National Bank of Cincinnati and later Star Banc Corporation.
In January 1974, Star Banc's immediate predecessor, the First National Cincinnati Corporation, was formed as a bank holding company in Delaware to acquire assets of the First National Bank of Cincinnati. The following year, First National Cincinnati acquired Miami Deposit Bank of Yellow Springs, Ohio, from the Midwestern Fidelity Corp. for over $3.56 million. Exactly one year later, on September 30, 1976, the holding company acquired two more Ohio banks, the First National Bank of Ironton for $7.05 million and the First National Bank & Trust Company of Troy for $9.23 million. Oliver Waddell, after little more than five years as vice-president, was appointed senior vice-president in 1976.
On December 1, 1977, the holding company acquired the Third National Bank of Circleville, Ohio, for $2.91 million, then the Commercial and Savings Bank of Gallipolis for $5.44 million in August 1979. The following year marked the ascension of Waddell to president and director, as well as the sizeable acquisition of Portsmouth Banking Company for $15.36 million on August 1. In March 1982, First National's vast holdings gained another bank, the Second National Bank of Hamilton, for its largest payout to date of $22.2 million. As president and chief executive officer, Waddell aggressively continued the holding company's expansion the next year with the March 1 acquisition of the Farmers & Traders National Bank of Hillsboro for $6.8 million in cash and notes. Three months later, in June, another $8.6 million in cash and notes acquired Banc One of Fairborn, to be quickly followed on July 1 by the $3.27 million purchase of the Peoples National Bank in Versailles. As a crowning point of the year, Waddell was named chairperson, in addition to his titles of president and CEO.
The next five years mirrored the previous as a time of immense growth and development for First National and its subsidiaries. In 1985 and 1986, there were five acquisitions (Preble County Bank of Eaton, Ohio; Ohio State Bank of Columbus; New Bancshares, Inc. of New Port, Kentucky; People's National Bancorp of America, Lawrenceville, Indiana; and the Second National Bank of Richmond, Indiana) through stock exchanges totaling approximately two million shares. While 1977 was a quiet year without buyouts or mergers, it was one of internal consolidation. By January of 1988, First National was back in the acquisitions game, with the First Sidney Banc Corp. (Sidney, Ohio) and Aurora First National Bank (Aurora, Indiana) coming on board as a pooling-of-interests for a combined stock exchange of 1.82 million common shares. February delivered a similar transaction for the Peoples Liberty Bancorporation of Covington, Kentucky, for 1.52 million shares, and July's pick-up of the First National Bancorp of Miamisburg, Ohio, for 892,000 shares.
Perhaps most notable that year was First National's reincorporation under the laws of Ohio and the amalgamation of all subsidiaries to the Star name, for what the company deemed "unified product development and marketing, to enhance convenience and customer service and to increase shareholder value." The company adopted the name Star Banc Corporation on April 12, 1989. Acquisitions over the next two years included all outstanding shares of Fir-Ban, Inc. in May of 1990, and the $393 million in total assets of the Kentucky Bancorporation Inc. in July 1991. By late 1991, Star Banc posted modest gains from 1980, with a net income of $65.83 million (up from $64.89 million) and $6.33 billion in total assets (up from $6.02 billion).
To shareholders and customers alike, 1992 was a pivotal year with many repercussions. Star Banc began strengthening its retail markets and continued expansion in Kentucky and the Cleveland area. As a solid outfit with steady growth, Star Banc became a perfect target for the consolidation craze sweeping the country. On April 16, 1992, Fifth Third Bancorp issued a $1.2 billion bid to take over Star Banc. The ensuing battle of wills often found Waddell and Star Banc's officers at odds with their own trust department, which had fiduciary responsibility to consider Fifth Third's offer on behalf of shareholders, regardless of the management's stance.
Despite Fifth Third's offer of $38 to $40 per share for Star Banc's 30 million shares (Star's stock was valued at $28.50 the day of Fifth Third's announcement, Fifth Third's at $46.75), Star Banc boardmembers unanimously refused the merger--sparking industry-wide debate and rumors of a hostile takeover between Cincinnati's two biggest banking firms. The furor also managed to split the city's generally close-knit financial community, many of whom had stock in both Star Banc and Fifth Third. Then City Councilman David Mann urged city officials to look into anti-trust implications, doubting "the public interest" would be served by allowing Fifth Third to completely dominate the Cincinnati market and become Ohio's fourth largest banking firm with $16 billion in assets.
Though Star Banc couldn't compete with Fifth Third's assets ($9.1 billion to Star Banc's $6.7 billion) and earnings ($138 million as compared to Star Banc's $65.8 million in 1991), Star Banc's strength in corporate markets and expansion in northern Kentucky were a major attraction in the merger. Yet Waddell and Star Banc's top brass didn't believe Fifth Third's stock would maintain its inflated value and were furious that their rival had broken an agreement not to go public without prior board approval. While insiders speculated about a "white knight" rescue of Star, Detroit-based NBD Bancorp officials came to town with the supposed intention of launching a bidding war for Star Banc. For those who wanted the merger between Star Banc and Fifth Third, one stumbling block was the inevitability of job losses when the two companies combined personnel and closed overlapping branches.
Though most analysts regarded Fifth Third's offer as too good to ignore, Star Banc hired advisers from Chicago and Washington, D.C. and remained steadfast--incurring ire and a class-action lawsuit on behalf of shareholder Thomas A. Abrahamson and others who felt Star Banc's rejection was wrong. As a last attempt to rein in Star Banc's board, without going directly to shareholders, Fifth Third increased its offer to $42 per share. Again, Waddell issued a flat denial, Fifth Third withdrew its offer, and the ordeal was finally over--though many believed Fifth Third would have gone even higher if Star Banc had indicated interest and entered into negotiations. In the attempted takeover's aftermath, Star Banc stock fell to under $32 and the directors were subject to sharp criticism.
To clean up their image and aggressively move Star Banc into the future, Waddell instituted "Project EXCEL," an extensive restructuring plan "designed to evaluate and examine every aspect of the corporation in an effort to enhance revenues, control costs and realize effiencies through elimination of duplicate functions and nonproductive systems." To prove its commitment to comprehensive change in the wake of the Fifth Third imbroglio, Star eliminated 450 positions by November 1992 for a savings of $20 million. Despite the one-time restructuring charge of $3.96 million after taxes, 1992's total assets swelled to $7.17 billion, with a net income of $76.12 million, up 15.5 percent from 1991. This was due in part to the mid-1992 purchase of 28 Cleveland-area branches of Ameritrust Company, N.A., which had $238 million in securities, $111 million in loans and $937 million in deposits.
In 1993, first quarter net income was up 41.2 percent from the year before, reaching $24.9 million or 84 cents per share, with total assets of $7.4 billion. Then, in May, longtime chairperson and CEO Oliver Waddell stepped down from these posts, three years shy of his mandatory retirement at age 65. He was succeeded by 48-year-old Jerry A. Grundhofer, formerly of Security Pacific National Bank in Los Angeles and well-known in the industry as part of the largest bank merger in U.S. history--between Security Pacific and San Francisco giant BankAmerica Corp. for $6.2 billion in 1992. Waddell continued to serve on the board of directors and retained the title of CEO until June 15, when Grundhofer assumed full control of the corporation.
Under Grundhofer, Star Banc management underwent dramatic changes. High-level executives who had been appointed by Waddell were offered generous compensation packages to leave. Grundhofer then began importing key personnel from the West Coast, including David Moffett (executive vice-president and CFO), husband and wife team John (senior vice-president of sales) and Robin Nenninger (senior vice-president of customer service), Richard Davis (executive vice-president of consumer banking), and others.
In a 1993 letter to shareholders, Grundhofer referred to the year as "one of notable challenges, accomplishments and changes," which included several initiatives to help Star Banc gain market share. Among the new initiatives was the reduction of nonaccrual loans and real estate holdings by 23.6 percent, and the development of more proprietary mutual funds and fee-based commercial services. Another 1993 project was the merger of ten independent Star Banc offices into three major banking units in Indiana, Kentucky, and Ohio. Star Banc further reorganized by separating its regional subsidiaries into two distinct groups: "Community" banks in smaller rural and urban areas and "Metropolitan" banks in larger cities. Metropolitan offices were divided into four groups: greater Cincinnati (with 45 branches); Cleveland (37); Columbus (17); and Dayton (28). Community markets were segmented into Indiana (with 20 offices); Kentucky (27); and Ohio (38), serving almost 500,000 area households. "We expect this realignment," Grundhofer said in the company's 1993 annual report, "to foster greater earnings for Star as each region division leverages its specific strengths."
Having become more sales oriented, more productive, and more cost effective, Star Banc saw its 1993 net income climb 31.7 percent to $100.27 million with a year-end market value of $35 per common share. To show their approval of Grundhofer's efforts, the board increased Star Banc's dividend by 20 percent or 35 cents per share. To coincide with the company's revitalized image, the company's logo was changed, symbolizing, according to the 1993 annual report, "new direction, new initiatives and renewed focus on sales, customer service and convenience in every area of our business." As part of this vision, Star Banc joined up with the MAC (Money Access Service Corp.) electronic network to increase access to its ATMs, while placing them inside Wal-Mart, Sam's Club, Super Kmart, and Twin Valu stores. Putting ATMs in popular retail facilities and supermarkets not only slashed start-up and general operating costs, but afforded Star Banc almost unlimited access to the public. "There seems to be a reinvigoration, an enthusiasm, throughout the bank," board member Thomas Klinedinst, Jr. told the Cincinnati Business Courier about Grundhofer's tenure as president, chairperson, and CEO. According to that publication, Grundhofer "charmed the investment community, won over several large institutional shareholders and inspired fierce loyalty from some employees" in the short amount of time he'd been at Star Banc.
Principal Subsidiaries: Star Bank, N.A.; First National Cincinnati Corporation; Miami Valley Insurance Company; Star Banc Center Corporation.
Related information about Star
A topology for a computer network in which one computer occupies
the role of a central node and all the remaining computers are
linked solely to that central node. Communication between any two
of the computers must pass through the central node.
A sphere of matter held together entirely by its own
gravitational field, and generating energy by means of nuclear
fusion reactions in its deep interior. The important distinguishing
feature of a star is the presence of a natural nuclear reactor in
its core, where the pressure of the overlying mass of material is
sufficient to cause nuclear reactions, the principal one of which
is the conversion of hydrogen to helium. About
5% of the mass becomes electromagnetic radiation. The minimum
mass needed to make a star is c. 7% the mass of the Sun; the
maximum about 100 times as great as the Sun.
A star is a massive, compact body of plasma in outer space that is held
together by its own gravity and, unlike a planet, is sufficiently massive to sustain nuclear fusion in a very
dense, hot core region. This fusion of atomic nuclei generates
the energy that is
continuously radiated
from the outer layers of the star during much of its life
span.
Individual stars differ in their total mass, composition, and age.
Initially, stars are composed primarily of hydrogen, with some helium and heavier trace elements
that determine their metallicity. Part of the matter is then recycled into
the interstellar environment and used to form a new generation of
more metal-rich
stars.
Binary and
multi-star systems consist of two or more stars that are
gravitationally bound, and generally move around each other in
stable orbits. When two such stars have a relatively close orbit,
their gravitational interaction can have a significant impact on
their evolution. For example, a nova occurs when a white dwarf accretes matter from a companion star. The
Gregorian
calendar, used nearly everywhere in the world, is a solar calendar based on
the position of the Earth
relative to the nearest star, the Sun.
Early astronomers such as Tycho Brahe identified new stars in the heavens,
suggesting that the heavens were not immutable. In 1584 Giordano Bruno suggested
that the stars were actually other suns, and may have Earth-like
planets in orbit around them. By the following century the idea of
the stars as distant suns was reaching a consensus among
astronomers, and it would be the theologian Richard Bentley who
would prompt Isaac
Newton to suggest that the stars were equally distributed in
every direction, resulting in no net gravitational pull.
The Italian astronomer Geminiano Montanari recorded seeing variability in the
star Algol 1667. Edmond Halley would then
publish the first measurements of the proper motion of a pair of
nearby "fixed" stars, demonstrating that they had changed position
from the time of the ancient Greek astronomers Ptolemy and Hipparchus.
But it would not be until 1838 that the first direct measurement of
the distance to the star 61
Cygni was made by Friedrich Bessel using the parallax technique. Parallax measurements
demonstrated the vast separation of the stars in the heavens.
Star designations
The concept of the constellation arose as far back in history as Babylonian period. Many of the
more prominent individual stars were also given names, particularly
with Arabic or
Latin
designations.
As well as certain constellations and the Sun itself, stars as a whole have their own myths. They were thought to be
the souls of the dead or gods. An example of this is the star
Algol, which was thought
to represents the eye of the Gorgon Medusa.
To the Ancient Greeks, some "stars", later identified as
planets, represented
various important deities, from which the names of the planets
Mercury,
Venus, Mars, Jupiter and Saturn were taken. (Uranus and Neptune were also Greek and Roman gods, but neither planet was known in Antiquity
because of their low brightness. The German astronomer Johann Bayer created a
series of star maps and applied greek letters as designations to
the
stars in each constellation. Numerous additional systems have since
been created as star
catalogues appeared.
The only body which has been recognized by the scientific community
as having the authority to name stars or other celestial bodies is
the International Astronomical Union (IAU). A number of
private companies (for instance, the "International
Star Registry") purport to sell names to stars; however, these
names are neither recognized by the scientific community nor used
by them, and many in the astronomy community view these
organizations as frauds
preying on people ignorant of how stars are in fact named.
Units of measurement
Most stellar parameters are expressed in SI units
by convention, but CGS
units are also used (e.g., expressing luminosity in ergs per second). Mass, luminosity, and radii are usually given in solar units, based on the
characteristics of the Sun:
-
solar
mass:
|
M_bigodot = 1.9891 times 10^{30} kg |
solar
luminosity:
|
L_bigodot = 3.827 times 10^{26} watts |
solar
radius:
|
R_bigodot = 6.960 times 10^{8}m
|
Large lengths, such as the radius of a giant star or the semi-major axis of a
binary star system, are often expressed in terms of the astronomical unit (AU)
— One example of such a star-forming nebula is the Orion Nebula. As massive stars are formed from
these clouds, they powerfully illuminate the clouds from which they
formed, creating an H II
region.
Protostar formation
The formation of a star begins with a gravitational instability
inside a molecular cloud, often triggered by shockwaves from
supernovae or the
collision of two galaxies
(as in a starburst
galaxy). Once a region reaches a sufficient density of matter
to satisfy the criteria for Jeans Instability it begins to collapse under its
own gravitational force.
As the cloud collapses, individual Bok globules form with up to 50 solar masses of
material. When the protostellar cloud has approximately reached
hydrostatic
equilibrium, a protostar forms at the core. These pre-main sequence
stars are often surrounded by a protoplanetary disk.
The protostar then follows a
Hayashi track on
the Hertzsprung-Russell diagram. The contraction will
proceed until the Hayashi boundary is reached, and thereafter
contraction will continue on a Kelvin-Helmholtz
timescale with the temperature remaining stable. For more
massive protostars, at the end of the Hayashi track they will
slowly collapse in near hydrostatic equilibrium, following the
Henyey track. The
period of gravitational contraction lasts for about 10-15 million
years.
Early stars of less than 2 solar masses are called T Tauri stars, while those
with greater mass are Herbig Ae/Be stars. These newly-born stars emit jets of
gas along their axis of rotation, producing small patches of
nebulosity known as Herbig-Haro objects.
Main sequence
Stars spend about 90% of their lifetime fusing hydrogen to produce helium in high-temperature and
high-pressure reactions near the core. As a consequence, in order
to maintain the required rate of nuclear fusion at the core, the
star will slowly increase in temperature and luminosity. The Sun,
for example, is estimated to have increased in luminosity by about
40% since it reached the main sequence 4.6 billion years ago.
Every star generates a stellar wind of particles that causes a continual
outflow of gas into space. Consequently the total main sequence
lifetime of a star can be estimated from its mass relative to the
Sun's as follows:
- tau_{ms} sim 10^{10} cdot left frac{M}{M_bigodot} right
^{-2.5} years
where M is the mass of the star and tau_{ms} is the star's
estimated main sequence lifetime in years.
Large stars burn their fuel very rapidly and are short-lived. At
the end of their lives, they simply become dimmer and dimmer,
fading into black
dwarfs. However, since the lifespan of such stars is greater
than the current age of the universe (13.7 billion years), no black
dwarfs exist yet.
Besides mass, the portion of elements heavier than helium can
play a significant role in the evolution of stars. control the
formation of magnetic fields, and modifies the strength of the
stellar wind. Older, population II stars have substantially less metallicity
than the younger, population I stars due to the composition of the
molecular clouds from which they formed. This process continues,
with the successive stages being fueled by oxygen, neon, silicon, and sulfur. The core that remains will be a tiny ball of
electron degenerate matter not massive enough for further
compression to take place, supported only by degeneracy pressure,
called a white
dwarf. These too will fade into brown, and then black dwarfs
over a very long stretch of time. Electron degenerate matter is not
plasma, even though stars are generally referred to as being
spheres of plasma.
In larger stars, defined as having more than 1.4 solar masses after
explosion, fusion continues until an iron core accumulates that is
too large to be supported by electron
degeneracy pressure. The shockwave formed by this sudden collapse causes the rest
of the star to explode in a supernova. When they occur within the Milky Way, supernovae have
historically been observed by naked-eye observers as "new stars"
where none existed before.
Eventually, most of the matter in a star is blown away by the
supernovae explosion (forming nebulae such as the Crab Nebula) and what
remains will be a neutron star (sometimes a pulsar or X-ray burster) or, in the case of the largest stars
(more than 3 solar masses after explosion), a black hole. In neutron stars
and black holes, the star is not in a plasma state of matter, but
either neutron
degenerate matter or a state of matter not currently understood
within the black hole.
The blown-off outer layers of dying stars include heavy elements
which may be recycled during new star formation. The outflow from
supernovae and the stellar wind of large stars play an important part in
shaping the interstellar medium.
Appearance and distribution
Due to their great distance from the Earth, all stars except the
Sun appear to the human eye
as shining points in the night sky that twinkle
because of the effect of the Earth's atmosphere. The disks of stars
are much too small in angular size to be observed with current ground-based
optical telescopes, and so Interferometer telescopes are required in order to
produce images of these objects. Other than the Sun, the star with
the largest apparent size is R Doradus, with an angular diameter of only 0.057
arcseconds.
It has been a long-held assumption that the majority of stars occur
in gravitationally-bound, multiple-star systems, forming binary stars. Stars are not
spread uniformly across the universe, but are normally grouped into galaxies along with interstellar
gas and dust. A typical galaxy contains hundreds of billions of
stars, and there are more than 100 billion (1011)
galaxies in the observable universe.
Astronomers estimate that there are at least 70 sextillion
(7×1022) stars in the known universe. That is 230 billion times as many
as the 300 billion in our own Milky Way.
The nearest star to the Earth, apart from the Sun, is Proxima Centauri, which
is 39.9 trillion (1012) kilometres, or 4.2 light-years away.
105 years. Distances like this are typical inside
galactic
discs, where the solar system is located. Stars can be much
closer to each other in the centres of galaxies and in globular clusters, or
much farther apart in galactic halos. These abnormal stars appear on a
different part of the evolutionary track of the HR-diagram,
effectively forming a merged star that has a higher surface
temperature than the other main sequence stars in the cluster with
the same luminosity.
Small, dwarf stars such as the Sun generally have essentially featureless disks with
only small starspots.
That is, the brightness decreases towards the edge of the stellar
disk. Red dwarf flare
stars such as UV
Ceti may also possess prominent starspot features.
Age and size
Almost everything about a star is determined by its initial
mass, including its destiny and fate, as well as its essential
characteristics, such as lifespan, luminosity, and size. Stars
range in size from neutron stars no bigger than a city to supergiants like Betelgeuse in the Orion constellation,
which has a diameter about 1,000 times larger than the Sun—about
1.6 billion kilometres. However, Betelgeuse has a much lower
density than the
Sun.
Many stars are between 1 billion and 10 billion years old. the
observed age of the universe. (See Big Bang theory and stellar evolution.)
The more massive the star, the shorter its lifespan, primarily
because massive stars have greater pressure on their cores, causing
them to burn hydrogen more rapidly. The most massive stars last an
average of about one million years, while stars of minimum mass
(red dwarfs) burn their fuel very slowly and last tens to hundreds
of billions of years.
Most of our understanding of stars comes from theoretical models
and simulations based on spectral observations and measurements of
the diameters of stars. The first measurement of the diameter of a
star other than the Sun was made in 1921 by Albert Abraham
Michelson on the Hooker telescope.
One of the most massive stars known is Eta Carinae, with 100–150
times as much mass as the Sun; A recent study of the Arches cluster suggests
that 150 solar masses is the upper limit for stars in the current
era of the universe. The reason for this limit is not precisely
known, but is partially due to Eddington
luminosity.
The first stars to form after the Big Bang may have been larger, up
to 300 solar masses or more, due to the complete absence of
elements heavier than lithium in their composition. This generation of
supermassive, population III stars is long extinct, however, and
currently only theoretical.
With a mass only 93 times that of Jupiter, AB Doradus C, a companion to
AB Doradus A, is the smallest known star undergoing nuclear fusion
in its core. For stars with similar metallicity to the Sun, the
theoretical minimum mass the star can have, and still undergo
fusion at the core, is estimated to be about 75 times the mass of
Jupiter. When the
metallicity is very low, however, a recent study of the faintest
stars found that the minimum star size seems to be about 8.3% of
the solar mass, or about 87 times the mass of Jupiter. Smaller
bodies are called brown
dwarfs, which occupy a poorly-defined grey area between stars
and gas giants.
Radiation
The energy produced by
stars, as a by-product of nuclear fusion, radiates into space as both electromagnetic
radiation and particle radiation. The particle radiation emitted by a
star is manifested as the stellar wind (which exists as a steady stream of
electrically charged particles, such as free protons, alpha particles, and
beta particles,
emanating from the star?s outer layers) and as a steady stream of
neutrinos emanating
from the star?s core.
The production of energy at the core is the reason why stars shine
so brightly: every time two or more atomic nuclei of one element
fuse together to form an atomic nucleus of a new heavier element deep inside the
core of a star, photons
of electromagnetic energy are released from the nuclear fusion
reaction, which are then converted to visible light in the
star?s outer layers.
The peak frequency and
color of the visible light
depends on the temperature of the star?s outer layers, including
its photosphere.
Besides visible light, stars also emit forms of electromagnetic
radiation that are invisible to the human eye. In fact, stellar electromagnetic radiation
spans across the entire electromagnetic spectrum, from the longest
wavelengths of
radio waves and
infrared to the
shortest wavelengths of ultraviolet, X-rays, and gamma rays. All components of stellar electromagnetic
radiation, both visible and invisible, are typically
significant.
Using the stellar spectrum, astronomers can also determine the
surface temperature, surface gravity, metallicity and rotation velocity of a star.
The technique of gravitational microlensing will also yield the
mass of a star.) With these parameters, astronomers can also
estimate the age of the star.
Luminosity
In astronomy, luminosity is the amount of light, and other forms of radiant energy, a star
radiates per unit of time.
The luminosity of a star can be approximated by treating the
emitted energy as a black
body radiation. So:
- L = 4 pi R^2 sigma T_{e}^4
where L is the luminosity, ? is the Stefan-Boltzmann
constant, R is the stellar radius and T is the
effective temperature. This same formula can be used to compute the
approximate radius of a main sequence star relative to the
sun:
- frac{R}{R_bigodot} approx left ( frac{T_bigodot}{T} right
)^{2} cdot sqrt{frac{L}{L_bigodot}}
Magnitude
The apparent brightness of a star is measured by its apparent magnitude,
which is the brightness of a star with respect to the star?s
luminosity, distance from Earth, and the altering of the star?s
light as it passes through Earth?s atmosphere.
Number of stars brighter than magnitude
Apparent
magnitude
|
Number
of Stars[[cite web
|
url = www.nso.edu/PR/answerbook/magnitude.html
|
title = Magnitude
|
publisher = National Solar Observatory—Sacramento
Peak
|
language = English
|
accessdate = 2006-08-23]]
|
0
|
4
|
1
|
15
|
2
|
48
|
3
|
171
|
4
|
513
|
5
|
1,602
|
6
|
4,800
|
7
|
14,000
|
Intrinsic or absolute magnitude is what the apparent magnitude a star
would be if the distance between the Earth and the star were 10
parsecs (32.6 light-years), and it is directly related to a star?s
luminosity, measured from the standard distance of 10
parsecs.
Both the apparent and absolute magnitude scales are logarithmic units: one
whole number difference in magnitude is equal to a brightness
variation of about 2.5 times (the 5th root of 100 or 2.512 to be precise). This means that
a first magnitude (+1.00) star is about 2.5 times brighter than a
second magnitude (+2.00) star, and approximately 100 times brighter
than a sixth magnitude (+6.00) star, which is the faintest star
visible to the naked eye.
On both apparent and absolute magnitude scales, the smaller the
magnitude number, the brighter the star; Sirius, the brightest star in the night sky, is
approximately 23 times more luminous than our Sun, while Canopus, the second brightest
star in the night sky, with an absolute magnitude of -5.53, is
approximately 14,000 times more luminous than our Sun. There, the
faintest red dwarf
star was found, with a magnitude of 26, and a white dwarf of the 28th
magnitude. These range from 0 (hypergiants) through III (giants) to V (main sequence dwarfs) and
VII (white
dwarfs). These fall along a narrow band when graphed according
to their absolute
magnitude and spectral type. Our Sun is a main sequence G2V
(yellow dwarf), being of intermediate temperature and ordinary
size.
Additional nomenclature, in the form of lower-case letters, can
follow the spectral type to indicate peculiar features of the
spectrum. This category includes Cepheid and cepheid-like stars, and long-period
variables such as Mira.
Eruptive variables are stars that experience sudden increases in
luminosity because of flares or mass ejection events. This group
includes protostars, Wolf-Rayet stars, and Flare stars, as well as giant and supergiant
stars.
Cataclysmic or explosive variables undergo a dramatic change in
their properties. A binary star system that includes a nearby
white dwarf
can produce certain types of these spectacular stellar explosions,
including the nova and a Type 1a supernova. The explosion is
created when the white dwarf accretes hydrogen from the companion
star, building up mass until the hydrogen undergoes fusion. Some
novae are also recurrent, having periodic outbursts of moderate
amplitude.
Stars can also vary in luminosity because of extrinsic factors,
such as eclipsing binaries, as well as rotating stars that produce
extreme starspots. A notable example of an eclipsing binary is
Algol, which regularly
varies in magnitude from 2.3 to 3.5 over a period of 2.87 days.
Smaller stars such as the Sun are just the opposite, with the
convective zone located in the outer layers. The convective zones
will also vary over time as the star ages and the constitution of
the interior is modified.
The portion of a main sequence star that is visible to an observer
is called the photosphere. It is within the photosphere that star spots, or regions of
lower than average temperature, appear.
Above the level of the photosphere is the stellar atmosphere.
In a main sequence star such as the Sun, the lowest level of the
atmosphere is the thin chromosphere region, where spicules
appear and stellar
flares begin. This lost mass is converted into energy,
according to the mass-energy relationship E=mc².
In the Sun, with a 107 °K core, hydrogen fuses to form
helium in the proton-proton chain reaction:
- 4 1H ? 2 2H + 2 e+ + 2 ?e (4.0 M eV + 1.0 MeV)
- 21H + 22H ? + 2?e (26.7
MeV)
In more massive stars, helium is produced in a cycle of
reactions catalyzed by
carbon, the carbon-nitrogen-oxygen
cycle.
In stars with cores at 108 K and masses between 0.5
and 10 solar masses, helium can be transformed into carbon in the
triple-alpha
process:
-
4He + 4He + 92 keV ? + 7.2
MeV
In massive stars, heavier elements can also be burned in a
contracting core through the Neon burning process and Oxygen burning
process. As an O-class main sequence star, it would be 8 times
the solar radius and 62,000 times the Sun's luminosity.
Fuel
material
|
Temperature
(million Kelvin)
|
Density
(kg/cm3)
|
Burn duration
τ
|
H
|
37
|
0.0045
|
8.1 million years
|
He
|
188
|
0.97
|
1.2 million years
|
C
|
870
|
170
|
976 years
|
Ne
|
1,570
|
3,100
|
0.6 years
|
O
|
1,980
|
5,550
|
1.25 years
|
S/Si
|
3,340
|
33,400
|
11.5 days
|
References
- Cliff
Pickover (2001) "The Stars of Heaven", Oxford University
Press ISBN 0-19-514874-6
- John
Gribbin, Mary Gribbin (2001) "Stardust: Supernovae and Life
—
Additional topics
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