Part of Citicorp i-flex started as a division in CITICORP (now Citigroup)‚ wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Mr. Ravi Apte carved out a separate company Citicorp Information Technologies Industries Ltd. (CITIL) out of COSL and named Mr. Rajesh Hukku to head CITIL. While COSL’s mandate was to serve Citicorp’s internal needs globally and be a cost center‚ CITIL’s mandate was to be profitable by serving not only Citicorp but the whole global financial
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in managing assets of the company. This was reflected in huge market undervaluation of company’s stock‚ which will be demonstrated later. Coming back to the expenditure on exploration activities‚ we will find out that on per share basis‚ it cost shareholders $91. The amount is derived as per below: Per share exploration expenditure= Total exploration expenditure/ Number of sharers Per share exploration expenditure= $15.1 Billion/ 0.165 Billion=$91 Now‚ let us look how much the price of the company
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results to meet its financial objectives The 3 stakeholders are : • Capital Market Stakeholder is shareholders and lenders that expect the firm to preserve and enhance the wealth they have entrusted to it and the returns are commensurate with the degree of risk accepted to hence their wealth to be maximized. Dissatisfied lenders may impose stricter in borrowing of capital and dissatisfied shareholders may reflect their concerns by selling off their stocks. By keeping its interest of both stakeholders
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capital. According to Paid in Capital vs. Earned Capital (1997-20012)‚ “Earned capital is also called retained earnings‚ earned capital is the portion of net income that companies choose not to distribute as dividends.” Paid-in capital represents the shareholders investments‚ and earned capital comes from profits made by the company’s operations. Keeping these two capitals separate is important to show profitability from company operations. A company can have a profitable year because of investments from
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1) Why has the unique ownership structure of Spiegel been created? What problem was it designed to solve? Which problems have been created? How could the problems be solved? In late 60s particularly in Germany and France there was sociopolitical upheaval and leftist student rebellion against government and perceived authoritarianism. First‚ in Germany the rival magazine Der Stern witnessed a similar uprising where staff achieved to stop a deal that management of the company was about to engage.
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share exchange ratio and Edelweiss Financial Services Ltd. provided a Fairness Opinion to ING Vysya. Accordingly ING Vysya shareholders will receive 725 shares in Kotak for 1‚000 shares of ING Vysya. The share exchange ratio
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the price of Volkswagen shares. Porsche tends to buy the Volkswagen shares as much as possible in order to increase the price of Volkswagen shares. Porsche would like to increase the price of Volkswagen shares in order to direct the Volkswagen shareholders that Porsche want to takeover Volkswagen. It then makes sense to the public that Porsche want the share of Volkswagen. From here‚ Porsche shorted huge amounts of Volkswagen shares by borrowing from the existing owners. Then‚ Porsche started to
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Financial Stakeholders/Non-Financial Stakeholders At PepsiCo‚ there are a number of financial stakeholders which include the likes of; stockholders (shareholders)‚ Board of Directors‚ employees‚ managers‚ suppliers‚ and the government. The government is listed as a financial stakeholder because of the salaries of the large number of individuals who are employed by PepsiCo. This puts the government in the category of financial stakeholder because of the great amount of taxes from the business
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Analysis of Milton Friedman-Article Milton Friedman’s article on how the entire value of the organisation belongs to the shareholders and the organisation is nothing but a ‘mere legal fiction’ was a revolutionary idea. If it wasn’t for Milton’s stature and reputation it would have been bombarded as an insane idea and would have been forgotten on the day itself. But‚ instead it went on to become one of the guiding principles for owners of the private firms‚ other stock holders and even the executives
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(1843) 2 Hare 461 Two shareholders of a company brought action against directors of the company for misapplication and improper use of the company’s property. The court held that as the injury complained of was injury to the company and not to the members. As such the members could not take action. Only the company had the right to sue. Case:In the case of Re Noel Tedman Holdings Pty Ltd. (1967) QdR 561; The company had a husband and a wife as its only shareholders. They were also the company’s
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