9-296-077 REV: APRIL 27‚ 2006 KENNETH A. FROOT ANDRÉ F. PEROLD Global Equity Markets: The Case of Royal Dutch and Shell In early January 1996‚ Ms. Joanne Partridge‚ Director of Research at High Street Global Advisors (“High Street”)‚ a Boston-based global investment management organization‚ was studying the price behavior of the shares of Royal Dutch Petroleum and Shell Transport and Trading. It seemed that Royal Dutch and Shell should trade in fixed proportions since they represented equivalent
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1 The statement by Henry Kravis that private equity was in its “golden era” might sound like hubris to the unacquainted observer but may actually not be far off from the reality given the growth of private equity funds under management since the advent of large-scale leveraged buy-outs (LBOs) in the 1980s. Henry Kravis as a principal partner in Kohlberg‚ Kravis & Roberts (KKR) pioneered LBOs in the late 1970s and KKR has been a major private equity firm since having reportedly invested in over 160
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Corporate Finance Case Study: Prudential Financial Inc.: Stockholders’ Equity and Balance Sheet Leverage 1. Compare the stockholders’ equity section of the balance sheet with the statement of stockholders’ equity. Describe in general terms how they relate. The Balance Sheet equity is a snapshot of the balances at book value of the funds contributed by the owners to finance operations‚ whereas the statement of stockholders’ equity shows a summary of the transactions which took place during
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Introduction Tennessee Sunshine Inc. is a mid-sized Tennessee company that specializes in creating exotic sauces from imported fruits and vegetables. The CEO Bill Stooksbury saw the pressing need to institute an enterprise risk management program in the company and has asked the firm’s financial analyst to prepare a report to brief the firm’s executives on this topic. In this case study‚ the concepts of enterprise risk management‚ the various components of an ERM framework‚ the reasons risk manage
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Semiconductor‚ Inc. is a relatively new business that "provides custom and standard processing services to fabless and IDM companies and researchers." With the deregulation of certain markets and increasing environmental concerns‚ the company operates in a rapidly changing business environment. The prospects of American Semiconductor’s products are frequently reviewed‚ as with any organization‚ and the company’s strategy is constantly analyzed. Therefore‚ the business decided to relinquish their debt financing
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LexiFi OVERVIEW ......................................................................................................................................................... 1 PRODUCT DEFINITION ................................................................................................................................... 1 SAMPLE PRODUCT............................................................................................................................................... 1 MLFI DEFINITION
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Is Convertible Debt a Substitute for Straight Debt or for Common Equity? Craig M. Lewis Owen Graduate School of Management Vanderbilt University Nashville‚ TN 37203 Richard J. Rogalski Amos Tuck School of Business Dartmouth College Hanover‚ NH 03755 James K. Seward Graduate School of Business University of Wisconsin-Madison Madison‚ WI 53706 August 1999 *The authors thank Kooyul Jung‚ Yong-Cheol Kim and Rene Stulz for providing their equity and debt security offer data set.
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Page 517 918 F.2d 517 54 Fair Empl.Prac.Cas. 870‚ 55 Empl. Prac. Dec. P 40‚455‚ 59 USLW 2378 Emma S. VAUGHN‚ Plaintiff-Appellant‚ v. Robert EDEL‚ et al.‚ Defendants‚ Texaco‚ Inc.‚ Defendant-Appellee. No. 90-3181 Summary Calendar. United States Court of Appeals‚ Fifth Circuit. Dec. 6‚ 1990. Page 518 Kenneth J. Beck‚ Harvey‚ La.‚ for plaintiff-appellant. Albert H. Hanemann‚ Jr.‚ Lemle & Kelleher‚ John D. Fitzmorris‚ Jr.‚ Legal Dept. New Orleans‚ La.‚ for Texaco
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customers goes to company’s customer service and the nature of products which fulfills the need of today’s stylish people. Apple created a virtual love affair with their customer base by delivering technically superior products (iPods vs. other MP3 players‚ Macs vs. PCs‚ etc.)‚ and aggressively pursuing hardware and software updates. Apple integrated their primary activities so well that it is transparent to the consumer where one activity begins and the other ends. A perfect example of this is
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problem lies in the lack of distinguishing between operation effectiveness and strategy. The expedition for productivity‚ quality and speed has resulted in management tools and techniques‚ total quality management benchmarking‚ time based competition‚ outsourcing‚ partnering‚ reengineering‚ change management. In any organization‚ strategy management is the key to its success. There are many theories based on this assumption that without a proper strategy and planning‚ it is difficult for any industry
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