Issue: Whether or not NCC is a private corporation? Held: Plaintiff is a private corporation. The mere fact that the government is a majority stockholder of the corporation does not make the corporation. Act 2705 as amended by Act 2822 makes it subject to all the provision of the corporation law. As a private corporation‚ it has no greater rights‚ powers or privileges than any other corporation which may be organized for the same purpose under the corporation law and certainly it was not the intention
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resource management (HRM) has become one of the most popular issues in international management and business practice recently. As the increasingly important of qualified staff in multinational companies‚ the international human resource management models had been developed (Chen and Wilson 2003). In the beginning‚ multinational companies adopt standardization of human resource management‚ which believed coherence strategy and coordinate practice can lead to operational effectiveness and efficiency
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politics and corp. culture Job search was “different” because of age but worked for Xerox for the summer as productivity consultant then returned after graduation in 1984 Background Clendenin’s boss proposed a lateral move from head of Xerox’s Multinational Development Center (MDC) to a staff support function Since taking over MDC in 1986 Clendenin had been behind the growth and success of the department; budget grew from $400K to $4M‚ staff from 4 to 42 However‚ this had also created resentment
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Detroit Bank‚ The Birmingham National Bank‚ Ferndale National Bank‚ and Detroit Wabeek Bank and Trust in 1956. They later form The Detroit Bank & Trust Company. In 1973‚ they were some changes in bank regulations and a holding company‚ DETROITBANK Corporation‚ was formed in response
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Introduction to Corporation Accounting CORPORATION - an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence (New Corporation Code of the Philippines). A corporation is an entity created by law that is separate and distinct from its owners and its continued existence is dependent upon the corporate statutes of the state in which it is incorporated. Characteristics of a Corporation The characteristics
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CORPORATION FORMATION DEFINITION An artificial being created by operation of law‚ having the right of succession and powers‚ attributes and properties expressly authorized by law or incident to its existence” (New Corporation Code) CHARACTERISTICS * separate legal entity – an artificial being with a personality separate from that of its individual owners * created by operation of law – mere agreement of the parties cannot give rise to a corporation * right of succession – continues
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The Target Corporation‚ what used to be known as the Dayton Dry Goods Co.‚ is an American retailing company that was founded in Minneapolis‚ Minnesota‚ in 1902. In 1962‚ the first Target store was opened in Roseville‚ Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart‚ The Home Depot‚ Kroger and Costco. The company is ranked 33rd on the 2007 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival with Kmart
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Reinventing the San Miguel Corporation Synthesis Eduardo Cojuangco‚ the CEO of San Miguel Corporation‚ is re-assessing the company‟s business strategy. The flagship product of this century–old conglomerate‚ San Miguel Beer‚ is expected to post a slower growth rate in its volume share because of its large market share. Th e company has operations in only three product areas – food‚ beverage and packaging‚ and has a modest international presence. In this regard‚ Cojuangco announced in 2007
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the poverty line of 1 dollar a day. These labourers don’t get the chance to start a business on their own because the multinationals dominate the entire economy. Therefore little factories in the countryside‚ which make relatively expensive products‚ don’t stand a chance against the multinationals. These labourers make very little money and end up working for a multinational or another big company. With the money they make by selling intermediate goods‚ they can’t even afford
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Gulf Oil Corporation in 1984. This merger was the largest merger till that time in the history of the United States and it doubled the oil and gas reserves of the company. Chevron merged with Texaco in 2001 & formed a new company named ChevronTexaco. Texaco was one of the branches of Chevron family. It was formed in 1901 in Beaumont‚ Texas. To convey a unified presence in the world‚ it was again renamed to Chevron in 2005. Chevron strengthened its position by acquiring Unocal Corporation in 2005.
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