GRADUATE SCHOOL OF BUSINESS STANFORD UNIVERSITY S HR-3 FEBRUARY 1997 HUMAN RESOURCES AT THE AES CORPORATION: THE CASE OF THE MISSING DEPARTMENT Dennis Bakke‚ the CEO of AES‚ a company that develops‚ builds and operates electric power plants‚ sat in his office late in 1996 and thought about the question that was perennially posed to him: could AES‚ soon to have some 25‚000 people located literally all over the world following a recent purchase of power plants in Kazakhstan‚ continue to operate
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Agenda 1 2 3 4 5 International Capital Structure and the Cost of Capital Analyzing Cost of Capital among Countries Cross Border Listing of Stocks International Asset Pricing Model (IAPM) The Financial Structure of Subsidiaries Case Analysis - AES Corporation 6 International Capital Structure and the Cost of Capital Your Logo International Capital Structure and the Cost of Capital • Firms are becoming multinational in both scope AND in capital structure • Fully integrated financial
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well and expanding at a high rate one must put into consideration the risks that ascertain that particular business. In the case of the AES‚ the founders did not put much consideration into their expanding business to the overseas accounts. Their main undoing was the assumption of the risks involved as same as in the U.S as it were in the foreign countries. The AEs had its majority revenues linked to overseas operations with approximately one-third coming from South America alone. Since the company
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1. How would you evaluate the capital budgeting method used historically by AES? What’s good and bad about it? Historically‚ the AES capital budgeting method primarily used the following assumptions: • All nonrecourse debt was regarded as good • Dividend cash flow were considered equally risky • Project was evaluated by the equity discount rate for the dividends from the project • A 12% discount rate was applied to all projects. The historical method is quite simplistic
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abundance of missing children/ children abduction cases. A statistic released by police of Malaysia‚ stated that a total of 3223 children below 18 went missing between 2008 and April last year (2012). Of this figure‚ only about 1000 cases were solved. From the statistic‚ it’s clearly shown that‚ over 3223 cases reported 2223 cases still unsolved. The questions are‚ how does it happen? Who should be blamed? What the impact of this scenario? And what are the best ways to prevent children from missing? Thus
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Effects of missing a Medical appointment No-shows are a problem for both doctors and patients. When a patient misses a doctor/nurse appointment‚ a follow-up or specialist appointment they are not receiving the care recommended by their doctor/nurse. This could result in the patient becoming more ill and requiring additional time off work‚ laying an extra burden on colleagues and bosses‚ there is also the risk of infecting others thus carrying additional burdens as more staff may require time
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of missing women in Canada‚ and an extremely large number of these women are Aboriginal. Why do Aboriginal women seem more vulnerable? The majority of these missing Aboriginal women were living on the streets‚ living in poverty and working in the sex trade industry before their disappearances. Why were all of these women in the same situation? I believe that the Conflict Theory explains the hardships‚ the abuse and the discrimination that each of these women faced before they went missing. The
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1. Describe AES’s organizational structure? What are its authority structures and control processes? What role do values play in this structure? AES organization has developed a unique decentralized “honeycomb” structure (See Exhibit 1) based on its core values. Their innovative authority structure empowered people at every organizational level to make decisions and take responsibilities according to the business needs. It helped company to achieve flexibility and accelerate decision-making
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Title : AES Shouldn’t Be Abolished AES‚ also known as the Automated Enforcement System‚ the main purpose of the invention of AES is to reduce the rising rate of road accidents. Car accident or crashing often occurs due to speeding and red-light violation. The AES is a system that able to sense and capture the car that exceeds the designated speed limit for a specified stretch of road or drives through a red light (typically at an intersection) then the AES camera will be triggered to capture
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The Missing Class In the book “The Missing Class” by Katherine S. Newman and Victor Tan Chen. The authors have talked about the missing class‚ which is not the middle class but near poor. The authors describe exactly how the missing class families live in the real life. This book tells the readers about nine missing class families living beside their problems such as: kids‚ the relationship problem‚ and working time problem. The first problem of most missing class families
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