THE JOURNAL OF FINANCE • VOL. LXIV‚ NO. 4 • AUGUST 2009 Agency Problems at Dual-Class Companies RONALD W. MASULIS‚ CONG WANG‚ and FEI XIE∗ ABSTRACT Using a sample of U.S. dual-class companies‚ we examine how divergence between insider voting and cash f low rights affects managerial extraction of private benefits of control. We find that as this divergence widens‚ corporate cash holdings are worth less to outside shareholders‚ CEOs receive higher compensation‚ managers make shareholder value-destroying
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Distributive Justice In every nation‚ there are all sorts of issues within the society that can sometimes be resolved more easily or quickly than others. However‚ an issue like immigration is somewhat challenging and complex to many rich or more developed countries worldwide. As for the United States‚ the issue of undocumented immigrants has been one of the major problems that leaves the society with significant questions of justice: from whether the U.S. government immigration laws are just
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Importance of Social Status in Strindberg’s Miss Julie August Strindberg’s Miss Julie underlines the essence of the social status conflict‚ where both aristocrat‚ Miss Julie‚ and servant‚ Jean‚ are unsatisfied with their current positions of class. Strindberg emphasized the importance of gender roles of men and women‚ while challenging the audience by breaking these social barriers set by society‚ only to demonstrate there is no eluding “class destiny”. These beliefs were portrayed effectively
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When the activity leader says "Go!" the flipper flips the coin in the air‚ catch it‚ and slaps it on their other hand (I’m sure you’ve all flipped a coin). When the flipper slaps the coin onto their hand‚ he/she shows the players in the first position. The person that is the first in line (next to the flipper) squeezes the hand of the person next‚ who passes the "squeeze" to the next person‚ who continues to pass it down the line. Note: the flipper does not tell the group at large if the coin
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patient elected to proceed with reexploration. DESCRIPTION OF OPERATION: Patient was brought to the operating room and identified by name and bracelet. General endotracheal anesthesia was administered in the supine position. Patient was then flipped into the prone position on a Jackson table with a Wilson frame. Neurophysiologic monitoring was applied to the patient. Previous incision site was then prepped and draped in the usual sterile fashion. Then 10 mL of 1% lidocaine with 1:200‚000
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It is very important to question the ideas and decisions of people in positions of authority in today’s society. Although some respect for authority is necessary for a group to function‚ questioning the people in charge makes us better thinkers. In today’s society‚ we have many questions about the choices and decisions some of our leaders make. It is just up to us to confront the person and explain their issue or problem in a respectful tone. In order for a society to be fully functional‚ the
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over home base. But‚ Baseball is more than just hitting a ball and running around bases‚ and that is what makes it so much fun to play. Baseball has strategy and physical fitness. The sport requires at least 9 players on the field‚ as there are 9 positions on the field. 1st : the Pitcher‚ 2nd : the Catcher‚ 3rd : the First Baseman‚ 4th : the Second Baseman‚ 5th : the Shortstop‚ 6th : the Third Baseman‚ 7th : the Left Fielder‚ 8th : the Center Fielder‚ and finally‚ 9th : the Right Fielder. The goal
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Dual-Modality Imaging with SPECT/CT Seminar Report SUBMITTED BY PREMINI THOMAS CB.EN.P2BME10010 AMRITA VISWA VIDYAPEETHAM ETTIMADAI‚ COIMBATORE. CONTENTS 1. INTRODUCTION. 2. INSTRUMENTATION FOR SPECT/CT. 3. MATERIALS AND METHODS. 4. SPECT/CT IMAGING. I. IMAGE ACQUISITION. II
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Softball originated in 1887from a football game. In 1934 universal rues was devolved for the game. Softball has become a popular sport‚with more then 40 million Americans play each year. Softball is a structured game with many rules and several positions. You have not at least nine players on a softball team. On the field you have three baseman: first‚second‚ and third base. A shortstop plays in between second and third base. You also have a pitcher and catcher. There are also‚three people
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party/person has no knowledge of themselves including (but not limited to) class‚ wealth‚ race‚ gender‚ age and intelligence. Second‚ that knowledge is enough so you are able to form a standard of justice in which free and rational people accept a position of equality to defend the association. A criticism to Rawls’ theory on the veil of ignorance is it is not a universal theory. It only applies to those who are capable to rational thoughts‚ which do not include children‚ those with special needs and
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