to generate profits for shareholders. The mispricing of risk and the employment of foolish and irresponsible lending practices all the way down the finance chain was the basic reason for the financial crisis of 2007-2009 and the problems connected to it. Failed to manage risk as the reason for the crisis is where some have focused on while others have identified a wider reason which are the short-termite pressure placed on directors as a result of the demands of shareholders forum sustainable ever-increasing
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Salt of the Earth: Communist Subversion or Political Activism? Salt of the Earth was released in 1954‚ during the anticommunist McCarthy era by a collection of blacklisted individuals‚ including screenwriter Michael Wilson‚ producer Paul Jarrico‚ and Hollywood 10 director Herbert J. Biberman. Salt is based on the Empire Zinc strike of Local 890 in Bayard County‚ New Mexico that took place from 1950-1952. In many ways‚ Salt of the Earth resembles the archetypal American dream by presenting the
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business is to increase the profit for its shareholders – discuss ’. First I am going to explain the role of shareholders and how they affect the decision making of businesses. I will then discuss other stakeholders and the responsibilities that the business ‘owes’ to them. I also plan to look at examples of real life businesses that have made decisions based on the different stakeholder’s needs and wants and compare this in terms of ethical theories. Shareholders are just one form of stakeholders that
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developed since. There are three that best represent the key perspectives in this matter; Friedman’s Shareholder theory‚ Freeman’s Stakeholder theory and Heath’s Market Failure Model of business ethics (Heath). Each of them is the pillars of which many other theories are based on but have very different and opposite views. The Shareholder theory suggests that manager has fiduciary duties to the shareholders only and must maximize profits as long as the law permits. The Stakeholder theory on the other hand
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NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
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courts use judicial activism or judicial restraint? This is a major point in every court case‚ mainly supreme court cases‚ of how should the judges determine the outcome. Should the judges go strictly based off what the law states or should they interpret the law according to how they believe will be correct. Some notable supreme court cases being‚ Brown vs Board of Education‚ Brown v. Entertainment Merchants Association‚ and Korematsu v. US. Most siding with judicial activism over restraint‚ due
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Finance & Accounting‚ 29(7) & (8)‚ Sept./Oct. 2002‚ 0306-686X Dividend Imputation and Shareholder Wealth: The Case of New Zealand Andrew Prevost‚ Ramesh P. Rao and John D. Wagster* 1. INTRODUCTION Effective from April 1‚ 1988‚ New Zealand changed its existing two-tier `classical ’ dividend taxation regime to full dividend imputation. Corporate income is now only taxed once rather than at both the corporate and shareholder level. Concurrently‚ the New Zealand tax code was revised‚ reducing the top personal
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Exercise 2.4 SHARE ISSUE‚ OPTIONS Prepare the journal entries in the records of Jordan Ltd in relation to the equity transactions in 2014. JORDAN LTD 25/3 Cash trust – shares Dr 750 000 Application – shares Cr 750 000 (Applications for shares) Cash trust – options Dr 10 000 Application – options Cr 10 000 (Applications for options) 2/4 Cash Dr 610 000 Cash trust – shares Cr 600 000 Cash trust – options Cr 10 000 (Transfer on issue of shares and options) Application – shares
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For example‚ people faced discrimination by losing their apartments if the landlords found out they had AIDS. As the disease spread‚ the unfair scrutiny of homosexuals led to heightened gay rights activism. By the time‚ gay activist Cleve Jones was forming committees to educate the public. Jones became so enraged that he turned a memorial march for Harvey Milk‚ the first openly gay person to be elected to public office in California‚ into an activist
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laws‚ just because they can‚ with the exception being that they are unconstitutional. The opposite of judicial restraint is judicial activism. Judicial activism is when judges make rulings based on politics or personal beliefs rather than the law itself. The main difference between these two philosophies is judicial restraint is a bit more ethical then judicial activism. Both Clarence Thomas and Sonia Sotomayor are minorities to the Supreme Court. However‚ they both have very different viewpoints when
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