are Homer Plessy‚ in Plessy v. Ferguson and Oliver Brown‚ in Brown v. Board of Education. What separates ‘black’ and ‘white’? According to Louisiana; a train car. Homer Plessy was born march 17th‚ 1862‚ in New Orleans‚ Louisiana. In the year 1890‚ Louisiana passed a statute stating that blacks must sit in a separate train car and were not allowed in the much nicer‚ and cleaner‚ white car. A fine of $25 and up to 20 days in jail‚ was the penalty for violating this law. In 1892‚ Plessy purchased
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In contrast with its competitors‚ Massey Ferguson chose to finance its expansionary agenda primarily through debt offerings and short term credit lines. This type of structuring had very detrimental implications for Massey Ferguson. The use of so much leverage would increase the risk of the projects they were undertaking beyond the industry standard. Firms in the same industry such as Deere and International Harvester throughout the 1976-1980 period maintained debt/capital and STD/capital percentages
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1. Net sales for Massey-Ferguson actually increased between 1979 and 1980. Despite this‚ net income and income from continuing operations both dropped sharply in 1980. Which item on the income statement was most responsible for this drop in income? 2. Why would the Canadian government have any interest in helping Massey-Ferguson refinance its debt? 3. Why would it be difficult for Massey-Ferguson to conduct an equity issue to pay down its debt? 1. Other interest expense and the exchange
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Massey-Ferguson Case Questions Address the following questions in a 4-5 page write-up of the Massey-Ferguson Case to explore how financing and business decisions are linked: 1) Assess the product-market strategy Massey pursued through 1976. Compare Massey’s strategy with those of its leading competitors. How successful and sensible was their product market strategy through 1976? 2) Characterize and assess Massey’s financial strategy from 1971-1976. Did it complement the product market strategy
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advantage by introducing a “build on what we do best” philosophy started by Daniel Ferguson‚ the CEO. Ferguson describes this philosophy in more detail in the case by stating "We realized we knew how to make a high-volume‚ low-cost product‚ and we knew how to relate to and sell to the large mass retailer." This role for Newell was the foundation for how they would obtain their corporate advantage in the industry. Ferguson identified his focus for Newell as a market for do-it-yourself products and hardware
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sseyu [pic] Massey-Ferguson‚ 1980 Case Report Executive Summary Massey-Ferguson has been in the farm machinery business since 1847. It grew into one of the largest multinational firms in the world‚ with operations in over thirty countries throughout the world. Unfortunately‚ Massey-Ferguson financed its expansion mainly by use of debt and short term credit. Mano-Will Consulting analyzed Massey-Ferguson’s financial statements and conclued that its history of ambitiouus acquisitions
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Questions: 1. Assess the product market strategy and the financial strategy Massey pursued through 1976. Where possible‚ compare Massey’s strategy with those of its leading competitors. Massey Ferguson has a series of product market strategy and financial strategy problems. The initial issue was Massey’s misalignment of its production sites and its markets. The mismatch caused massey to suffer currency risk exposure. Additionally‚ some of the markets massey sold into were not the most stable
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About the Author SIR ALEX FERGUSON Sir Alex Ferguson was born in 1941 in Govan‚ Scotland. A goal-scoring centre-forward‚ he was later transferred to Rangers‚ the club he supported from boyhood‚ for a Scottish record fee of £65‚000. Entering management in 1974‚ he served East Stirlingshire and St Mirren before guiding Aberdeen to victory in the 1982–83 Cup Winners’ Cup. Arriving at Manchester United in 1986‚ he brought them 38 trophies‚ including the Club World Cup‚ two Champions Leagues‚ 13 Premier
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black boxes to “demonstrate that Western institutions have indeed degenerated” (Ferguson page 11). The first of these “long-sealed” boxes is “ labelled ‘democracy’. The second is labelled ‘capitalism’. The third is ‘the rule of law’. And the fourth box labelled ‘civil society’” (Ferguson). Each one of these boxes are an important part of how our civilization works. The purpose for revealing these black boxes‚ Ferguson states‚ is “that inside these political‚ economic‚ legal‚ and social black boxes
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Massey Ferguson Case Advanced Corporate Finance The Company Massey Ferguson is a multinational producer of farm machinery‚ industrial machinery and diesel engines. The company was formed through a merger between Massey-Harris and Harry Fergusson in 1953. They combined their skills to become the West’s largest producer of farm tractors and the world’s largest supplier of diesel engines to original equipment manufacturers. Massey’s farm machinery line consists of tractors‚ several harvesters
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