Kinder Morgan - MBO Richard Kinder and Bill Morgan purchased a master limited partnership pipeline company from Enron for $40 million in 1997‚ founding Kinder Morgan‚ Inc. (KMI) 1. The primary benefit of an MLP comes in the form of tax savings. While shareholders in a corporation face double taxation‚ owners of a partnership are taxed only once (when receiving distributions). Corporate income tax does not exist in the partnership. When cash distributions to MLP owners exceed
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Case 6-3 Question 1: Westwood’s Gross Margin Percentage is calculated as (sales less cost of goods sold) as a percentage of net sales revenue. For Westwood it’s calculated as follows based on the financial statements (all in millions of dollars): 2010 Gross Margin: (2000-1100) = 900 2010 Sales Revenue = 2000 2010 Gross Margin Percentage = 45% 2009 Gross Margin: (1500 – 800) = 700 2009 Sales Revenue = 1500 2009 Gross Margin Percentage = 46.7% Westwood’s Pre-Tax Return on Sales
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Sally Jameson: Valuing Stock Options in a Compensation Package (Abridged) Sally Jameson‚ a second-year MBA student at Harvard Business School‚ was thrilled but confused. It was late May 1992‚ graduation was approaching‚ and she had finally landed the job of her choice. She had just finished an early morning telephone conversation with Bob Marks‚ the MBA recruiting coordinator at Telstar Communications‚ a large‚ publicly held multinational company. Mr. Mark had offered Ms. Jameson a unique position
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¬ In the 19th centaury Darwin claimed that women have been subordinate since the beginning of time. With this in mind‚ Darwin’s theory on evolution was very influential on many individuals not only because it changed the way individuals thought about species‚ but also changed their own perspectives on gender and its limitations. As a matter of fact‚ Darwin’s perspective over evolution has had an enormous impact on Kenneth P. Oakley. Consequently‚ Oakley takes Darwin theory of evolution and adds
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Female Bodies” written by Jennifer Morgan she argues that the european version of beauty and the social creation of racism led to Africans being viewed as animals and were therefore treated as so. This is exemplified when Ligon a european traveler said‚ “their breasts hang down below their Navels‚ so that when they stoop at their common work of weeding‚ they hang almost to the ground‚ that at a distance you would think they had six legs.” This was followed by Morgan stating that‚ “ for Ligon‚ their
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themselves and willing to help anyone in need. Country artist Craig Morgan deserves to have this award‚ because of his outstanding foundations of fostering children in need. Craig Morgan is deserving of the humanitarian award because of his caring and kind efforts to help every child he can. Craig Morgan is a country singer‚ he’s been in the singing industry since 2000‚ Morgan has four children but also fosters children as well. Morgan lost his 19 year old son in a tubing accident July 16th and even
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LAUGHTERﾧ This article is from the WebMD Feature Archiveﾧ Why We Laugh WebMD Feature by R. Morgan Griffinﾧ Whether it’s the giggling of your child or the enthusiastic hollers of a talk show’s studio audience‚ we hear laughter every day. Nothing could be more common. But just because it’s common doesn’t make laughter any less strange. Why Do We laugh? The answer may seem obvious: We laugh when we perceive something funny. But the obvious answer is not correct‚ at least most of the time. "Most laughter
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Morgan’s American Freedom American Slavery documents the early and late beginnings of Virginia‚ and the factors that both hindered and encouraged the growth of the colony. It chronicles the most difficult and almost impossible survival of the first colony. The Trouble with Tobacco‚ Chapter 9‚ addresses exactly that the trouble with tobacco. In 1644 for the first time since its founding the colony was able to sustain a population that was not only healthy but was far out living their predecessors;
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The guards walked out of the infirmary and stood outside the door after the physician had ordered them to keep the princess and her friend out of his way. Morgana and Amora sat against the stone wall beside the elven guards waiting for the physician to emerge and tell them what was wrong with Benjamin. An hour later the elderly physician walked out of the infirmary and over to Amora so he could ask her a couple of questions.“Amora your friend has stopped coughing up blood for now‚ but before I can
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Morgan Wallace Pandora Jewelry January 20‚ 2014 I am writing to express my keen interest in the position of assistant manager at Pandora Jewelry. The job description you have provided for this position is an ideal match with my skills and qualifications. My love for Pandora started when I got my first high school job at 17‚ where I was merchandising the store as well as selling. My integrity was displayed when I took on the responsibilities of being a key holder. My duties consisted of‚ opening
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