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 acquisitions more often‚ and capital
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A company has the ability to enter into a contract‚ can sue and be sued in its own name‚ has the right to own land or property‚ and also enjoy perpetual succession. As a company‚ they have the ability to enter into a contract which meant they can make contract with its own shareholders within the company. Any contract made between company and its members are not illegal due to the principle of separate legal entity. As what we have seen in the case of Saloman v Saloman‚the company can borrow money
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Managing a Crisis Using PR I recently completed a simulation entitled‚ "Managing a Crisis Using PR." My role during the simulation was that of the Public Relations (PR) Manager for Greenergy. Over the course of the simulation I completed three PR scenarios. As a result of the simulation I have gained a firm understanding of proactive planning and the importance it holds in the success of an organization. In this paper I will analyze the simulation and answer a few questions such as; the definition
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Using Casio products for our security Company Security Companies play a crucial role in both commercial and residential properties. They ensure these premises are secure 24 hours a day‚ whether occupied or not occupied. As a result‚ security Companies need a reliable platform that enables them perform their functions. This is in terms of system monitoring and regular contact. Casio products are reliable products in the market. They are known to be made from high quality materials. This is one of
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in Silicon Valley‚ meaning that their payment would consist of salary and a percentage of stock ownership depending on their position in the company. With employee ownership he motivates the workers to work hard and responsible because their own success depends on the success of the company. Also this sends the signal that he values everyone in his company the same way‚ because everyone is treated equal. The problem here is his Chinese workforce could think that he tries to force the American way
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differentiate it from the horde of other similar products. It entails knowledge of the industry‚ of the structure and the functions of the organizations involved in the process. Of late‚ there has been a change in the way advertisers communicate with the target market as they search for better ways to catch and hold the attention of the consumers. Integrated marketing communication process involves majorly five groups‚ the clients‚ the advertisers‚ advertising agency‚ media organization which is responsible
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Data Communication E-Voting by using biometrics Study of using Fingerprints and Iris in e-voting Presented by: Muna Al-Busaidi. Student ID:1032796 Presented to: Mr.Ramalingam D. Answer for question (1) section (A): Introduction Biometrics is a technique to verify identity based on the unique physiological characteristic (physical and behavior) of human body such as finger print‚ iris‚ voice‚ DNA‚ face and signature‚ that can be identified using computer system where it can be stored
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Quiz BSMH 3023 Staffing Group A Name: Matric No.: Answer All Question The Doortodoor Sport Equipment Company sells sports clothing and equipment. The company has decided to study the internal movement patterns of people in sales function. The HR department first collected data for 2010 and 2011 to construct a transition probability matrix. This matrix will be used to forecast availabilities for 2013. | | |Transition Probabilities
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positions and on the other hand‚ coordinates are simply an ordered set of numbers that are used to describe the positions or features in coordinate system. Transformation parameters are required to move from one system to another. Also‚ new technologies like global positioning system have provide new methods of coordinates determination the map production‚ update and revision are based on geographical coordinates‚ map-grid coordinates or coordinates in an arbitrary system. Some other based on old (local)
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What I teach this semester? IS102 Computer as an Analysis Tool (CAT) What’s it all about? What is CAT? Use PCs to solicit‚ consolidate‚ present information via spreadsheet models Excel as a computing tool Use models to derive solutions Use solutions to generate actionable insights It is not a programming course! Not Quantitative Methods‚ Management Science or Operations Research Course The art and Science of business modeling What’s it all about
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