MILLARD (September 17‚ 1900 – August 13‚ 1985) [pic] HISTORY OF JOHN WILLARD MARRIOTT JOHN W. MILLARD was an American entrepreneur and businessman. Hot Shoppes Inc. ‚ JOHN Willard Marriott‚ was the founder of it all. He was the founder of the Marriott Corporation (which became Marriott International in 1993)‚ the parent company of one of the world’s largest hospitality‚ hotel chains‚ and food services companies. The Marriott company rose from a small root beer stand in Washington D.C. in 1927 to a
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The Shareholders vs. Stakeholders Debate T he stakeholder theorists smell blood. Scandals at Enron‚ Global Crossing‚ ImClone‚ Tyco International and WorldCom‚ concerns about the independence of accountants who are charged with auditing financial statements‚ and questions about the incentive schema and investor recommendations at Credit Suisse First Boston and iMerrill Lynch have all provided rich fodder for those who question the premise of shareholder supremacy. Many observers have claimed that
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Stakeholder versus Shareholder Stakeholder theory thinks that the enterprise is a series of contracts with various stakeholders to form various stakeholder consultations‚ the outcome of a transaction‚ whether investors‚ managers‚ employees‚ customers‚ suppliers‚ or government departments‚ community‚ etc.‚ they are enterprise-specific investments and bear the risks. On the other hand‚ Shareholder theory thinks that not only the market will be sound‚ permanent‚ and viable‚ but also the ethical issues
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than to maximize their own profit. This view is called “Shareholder Theory”. Friedman argued that a company should have no social responsibility to the public or society because it’s only concern is to increase profits for itself and for its shareholders. He states that‚ when companies concern themselves with the community rather than focusing on profits‚ it leads to totalitarianism. In this traditional view of the firm‚ the shareholders or stockholders are the owners of the company‚ and the firm
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Strengths and Weaknesses The ideal joint partnership for Marriott will be with a corporation that has tangible and intangible resources (i.e.‚ assets‚ skilled employees) and years of experiences in the business which would be complementary (Schmitz‚ 2012; Jurevicius‚ 2013); therefore‚ assessing the strengths and weaknesses of a potential partner is vital. Strengths. Strengths of Frasers are analyzed to determine how they align with Marriott’s search for joint partnership (Fraser Centrepoint
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Internal/ External: SWOT analysis Strength * Famous brand of Marriott hotel chain in 67 countries‚focus on B2C and B2B market * Staff(130 full-time employees) and staffs turnover is only 5%- high retention level‚ but during summer time number of employees increases (full-time and part-time) * Advantage of location according to the centre of Copenhagen and water view * Discounts packages for customers (family discounts‚ free transportation before/ after cruise) and the points system
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What is the weighted average cost of capital (WACC) for Marriott Corporation? WACC = (1 - τ)rD(D/V) + rE(E/V) D = market value of debt E = market value of equity V = value of the firm = D + E rD = pretax cost of debt rE = after tax cost of debt τ = tax rate = 175.9/398.9 = 44% Cost of Equity Target debt ratio is 60%; actual is 41% [Exhibit 1] βs = 1.11 βu = βs / (1 + (1 – τ) D/E) = 1.11/(1 + (1 – .44) (.41)) = 0.80 Using the target debt ratio of 60%: βTs = βu (1 + (1 – τ) D/E)
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International Research Journal of Finance and Economics ISSN 1450-2887 Issue 20 (2008) © EuroJournals Publishing‚ Inc. 2008 http://www.eurojournals.com/finance.htm The Impact of Dividend Policy on Shareholders’ Wealth R. Azhagaiah Faculty Member‚ Department of Commerce Kanchi Mamunivar Centre for Post Graduate Studies (Autonomous) (Govt. of Puducherry) Affiliated to Pondicherry Central University Puducherry – 605 008‚ South India E-mail: drrazhagaia@ yahoo.co.in Tel: ++91-0413 – 2255017; Fax:
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Marriott International‚ Inc. is a widely recognized and diversified global lodging firm which engages in the franchise and operation of hotels‚ timeshare properties‚ and housing properties. It operates through the following business segments: North American Limited-Service; North American Full-Service; and International. The firm operates hotels the management model‚ franchise model‚ and the leased and owned model. The company operates 16 brands that cover full-service‚ extended-stay hotels‚ and
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new people from all over the world. -Helping the costumers witch satisfying service so they would come back. - Helping costumers to purchase the correct items that they really need. - Great health and 401k benefits‚ excellent company culture and values. 1)EXTERNAL: UNICEF –international partners - IKEA Social Initiative supports national and state-led strategic interventions to address the causes of high mortality among children and mothers‚ and to improve the nutritional status of children‚ with
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