...PART 1 Company Allocation Ticker symbol | Company | | GICS Sector | GICS Sub Industry | Address of Headquarters | | BEN | Franklin Resources | | Financials | Diversified Financial Services | San Mateo, California | | FCX | Freeport-McMoran Cp & Gld | | Materials | Diversified Metals & Mining | Phoenix, Arizona | | The cost of capital of the aforementioned companies will be discussed in the following questions. The companies will be referred to by their Ticker Symbols henceforth. Question 1 BEN The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities and Exchange Commission (2013) provided the company filings data whereby BEN’s Form 10q, dated 29/07/2013, showed the following (included on page 2 of this report). The book value of long-term debt is $1,252.1 million, and the book value of equity is $10,402.3 million. The schedule of outstanding debt shows that this figure includes $54.5 million of FHLB advances and $1197.6 million of Senior Notes at various effective interest rates. The notes on Stockholders Equity and Non- Redeemable Non-Controlling Interests reveal that Franklin Resources Inc Stockholders Equity totals $9779.8 million whilst the Non- Redeemable Non-Controlling Interests (previously referred to as minority interests) totals $622.5 million. FCX The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities...
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...tends to wrestle the inequity against them. It is important to understand that Winnie Mandela is a woman whose approaches, convictions and proceedings were shaped by various cultural and social practices of fight as a black woman in a colonized country (Bezdrob, 2005). She suffered gender discriminations and race unfairness, got married non-traditionally to a man identified as a political criminal and faced her own fights with the white controlling authorities, nevertheless she went on to craft a reflective distinction in the actuality of blacks in South Africa and their progression from demoralized people to free and self-ruling people. The purpose of this paper is to talk about her life, political views in contrast with her husband Nelson Mandela and the aspects that persuaded and designed her advancements by the people of South Africa as the “Mother of the Nation”. Discussion After attending her primary school in Bizana and completing matriculation...
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...to the evolution of the organization’s culture (see Tichy and Ulrich, 1984). The key attributes of the transformational style of leadership are trusting relationships, and shared vision. These attributes are required of a transformational leader because leaders will be able to create a team environment and have open communication with every employee. This allows the leader to share the vision of the company which makes the leader seem more trustworthy and transparent. A shared vision will also allow the leader and the employee to have a clear understanding what the vision is and know that the vision is focused on the company and the leader. From my personal experience or through observation transformation leadership. Nelson Mandela changed in his country’s political arena all that seems rather minor. But what allowed him to succeed against utterly improbable odds were the same characteristics...
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...have overcome, leaders have emerged. Individuals who will forever be revered by millions and will hopefully continue to inspire our youth. Nelson Mandela and Reverend Martin Luther King Jr. are two leaders that have greatly impacted not only their country, but the world. Both of these leaders had a significant impact on the people of their cause, both in a political aspect as well as for social change. In 1948, The White Nationalist Party empowered South Africa, instituting apartheid in an attempt to ensure white domination, control over the economy and its social systems. There were three racial categories for South Africa; Whites, Colored (mostly Indians or Asians, or multiracial), and Blacks (African decent). Non-white people were impoverished, humiliated, and oppressed. Black people were required to live in rural areas and carry a passbook containing their fingerprints, photo and information on access to non-black areas. If they were caught without a passbook, severe penalties ensued. On March 21, 1960, a group marched into Sharpeville in a peaceful protest against carrying these “passbooks”. The result was 67 people dead and 180 wounded at the hands of the law enforcement. This event is known as the Sharpeville Massacre, and is only one example of the brutality that blacks incurred during the time of the apartheid. Nelson Mandela was at the forefront of the fight for equality in South Africa (Nathan,...
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...Island Friedman Center THE LIFE NELSON MANDELA AND HOW HE BECAME ONE OF THE GREATEST LEADERS MGMT 5800 Professor/ Dr. Louis D’Abrosca Thao T. Nguyen Monday, July 14, 2014 In today’s continuously changing society, leadership has captured the attention of not only corporations, but also many governors and politics. Whether they are in charge of organizations or countries, it requires leaders to learn and apply different leadership styles and skill sets, in order to lead their followers effectively and successfully in this rapidly evolving world. When it comes to leadership, it is hard not to mention Nelson Mandela, the very first black president of South Africa. He was elected in a fully representative democratic election. His life and his leadership are inspirations for many people to learn from. Nelson Mandela’s’ full name is Rolihlahla Mandela. He was born on 18 July, 1918 to a royal family. Being born and raised during his country was in chaotic, as well as hearing the elders’ stories of his ancestors’ valor during the wars of resistance, he dreamed of also making his own contribution to the freedom struggle of his people. Due of his continuous activities, campaigns, and protests evolved in against Apartheid, he served 27 years in prison. His prison sentence brought international visibility to the anti-apartheid movement. He was finally released through international pressure in 1990. Once released from prison, Nelson continued his campaign to end apartheid...
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...Apartheid was given birth to by the National Party in 1948. With the implementation of the various apartheid laws racial discriminations was firmly institutionalised in South Africa. The following is a timeline of the various Apartheid Prime Ministers/Presidents all from the National Party of the day that entrenched and kept firm the apartheid regime for the next 46 years. Prime Minister D.F. Malan: 1948-1954 D.F. Malan is seen as the champion of Afrikaner Nationalism. His National Party government started its comprehensive implementation of apartheid. White supremacy, racial segregation and the control of migrant black workers was the order of the day. During his years in office the foundations of the Apartheid regime were firmly laid down. Under his rule the following laws came into being: * Prohibition of mixed marriages Act No. 55 of 1949 * Population registration Act No. 30 of 1950 * Group areas Act No. 41 of 1950 * Immortality amendment Act No. 21 of 1950 * Suppression of communism Act No. 44 of 1950 * Separate representation of voters Act No. 52 of 1951 * Bantu Authorities Act No.68 of 1951 * Native laws amendment Act No. 54 of 1952 * Abolition of passes Act No. 67 of 1952 * Reservation of separate amenities Act No. 49 of 1952 * Bantu education Act No.47 off 1953 These laws removed the last trace of non-white franchise and imposed segregation on almost all aspects of South African life. Prime Minister...
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...The impact involving the most influential Power in Society Brew Watts WGU GKE1 Themes in U.S. and World History GKE1: task 2 July 01, 2013 The impact involving the most influential Power in Society Nelson and a Human Movement One of the two most significant influences of Nelson Mandela on society involves him as one of 20th Century’s most dedicated human rights activists who fought for the movement of Anti-apartheid / Reformation and social change within world history. At the age of 9, after the death of his father, he began learning the role and qualities of a consensus leader under the guardianship of Jongintaba Dalindyebo of the powerful Thembu Regent. He later attended the Methodist primary and secondary institutions modeled after British schools at which he was introduced to western cultural values; he later received a B.A in correspondence at the University of South America and also a B.S in law from the University of Witwatersrand. In 1944 the African National Congress (ANC) was establish. He became their key negotiator, beginning his life’s journey of promoting the eradication of Apartheid in a nonviolent manner and establishing equal opportunities’/ privileges’ of all individuals in South Africa. He stood for the abolishment of the 1948 Afrikaner-dominated National Parties policy which allowed South Africa’s racial segregation that classified individuals according to their racial groups which banned them from living together, dictated where one could...
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...“Why college education is important to me?” Education is important to me because it’s the foundation to my life’s future accomplishments. Education is the process of gaining knowledge which provides both power and freedom. Nelson Mandela said in his speech lighting your way to a better future, “Education is the most powerful weapon you can use to change the world.” (Mandela, 2003) The world has so much to offer, that I cannot pick just one specific career. I hope someday that my ambitious path will benefit not only myself, but my community and other countries. My goals are to become an SSI scuba diver instructor, a business owner, an accountant, and much more. I know I have to take one step at a time, but I will take full advantage to any opportunity that comes my way with an open mind and joyous heart. Education brings forth multiple opportunities that can help one learn how to value life experiences and form opinions and views of the world, whilst empowering one’s self personally and socially. Malcolm X said, “Without education, you are not going anywhere in this world.” (Malcolm X Quotes, 2001-2014) The world is made up of different races and cultures; we must be educated in order to understand others’ culture, beliefs, religions, etc. We must be educated to make responsible and reasonable life decisions. Malcolm X also said, “Education is the passport to the future, for tomorrow belongs to those who prepare for it today.” (Malcolm X Quotes, 2001-2014) In a less broad...
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...control of the oceans, and the creation of a unique global power that would endure for more than a century. The iconic value of the two names Nelson and Trafalgar for the British state was immense: they would be combined in many forms, most obviously in the centre of imperial London.”[2] This quote taken form Andrew Lambert’s article on the lasting effects of the battle of Trafalgar illustrates the significance of that battle of the world’s stage. The battle reinforced British supremacy of the seas and set forth the uncontested dominance of the British Empire throughout the globe. The fact that the British Empire then dominated the seas led directly to their ability to develop as a nation state and to influence the political landscape of Europe. Nations of Europe that had any interest in maritime trade with others now had to contend with the British Empire. The maritime supremacy of Great Britain, secured at the Battle of Trafalgar, is arguably one of the most important aspects of what shaped the European Continent into what it is today. Bitterness and envy over the unchecked power of the British Navy sowed deep resentment in the hearts of nations of Western Europe that ultimately came to a boiling point at the turn of the 19th century.[3] The battle of Trafalgar and the death of Lord Admiral Nelson became symbols of the ultimate maritime supremacy of...
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...Introduction According to the theory of leadership, there are many definitions relating to the trait of leaders. The concept of leadership can be defined as a potential to motivate their followers and be able to drive them to accomplish their objective (Robbins et al, 2010:316). Moreover, the main characteristics of leaders should consist of the ability to illustrate the beneficial ways for the majority and persuade their followers to accept the most significant aim to be successfully (Yukl 2013:22). This report will investigate about the leadership style of the President of the South African leader Invictus (Nelson Mandela), as depicted in the film directed by Clint Eastwood, “Invictus” (2009). Invictus represents the story of President Nelson Mandela and is based on historical true story while he was the President of South Africa. The story began before the World Cup Rugby during his term in 1994. The significant of movie is shown in three parts which involved with Mandela’s life during he was the nation’s leader. The first part began with Mandela’s personal traits, which are Conscientiousness, Openness, Extraversion, Agreeableness and Emotional stability. He has a leader behavior that can lead people to accept and respect him. The second part demonstrates how Mandela uses the potential leader’s power to manage the problems in the nation. He achieved his goal by using referent power in the right way. He can use the power to inspire people to follow his objective in term...
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...An In-Depth Study of the South Africa as a Possible International Market Kimberly Buchanan Park University IB315 Spring 2013 Introduction South Africa is a country of contrasts: urban versus rural, white versus black, traditional versus modern. This country report will slowly peel back the layers of the country known as South Africa. It will begin by introducing the reader to an overview of the country that will include the demographics, major products, and factors that allow the country to be unique among other countries. It will, then, introduce the reader to the aspects of the culture of South Africa. Third, the report will provide information about the political and legal environment in South Africa. Finally, it will shed light on the economic environment of South Africa. Brief Overview of South Africa The Republic of South Africa is a country unlike any other. The changes this country has with stood, the demographics of its people, and the industries that are continuing to grow make for a wide array of factors that benefit the country of South Africa. Few countries are as influenced by as many cultures as the country of South Africa. The country was first influenced by the Dutch (Boers) traders who used a small section of the land as a form of refueling center during the trip to the Spice Islands in 1652 (Central, 2013). This “stopover point” was the establishment of the city that is now known as Cape Town (Central, 2013)...
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...word of the reckless pierce like swords, but the tongue of the wise brings healing” (New International Version). Interpersonal communication is a complex two-way process, with people sending and receiving messages to and from each other simultaneously. Effective flow of interpersonal communication happens when cooperation, collaboration, and compromise occur. Griffin defines it as “the process of creating unique shared meaning (Griffin, 1987, p. 13). Acquiring effective communication is helpful in the achievement of personal goals as well as the ability to effect others. This process is not only determined by what is said, but by how it was said, and how the system supports the group network. The recent death of visionary leader, Nelson Mandela, guided me to seek how he became the President of the country that also had imprisoned him. Judee Burgoon’s Expectancy Violations Theory attempts to explain one’s reactions to unexpected behavior of other’s, and the various meanings that people attribute to the violation. Mandela’s father, Gadla Henry...
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...INSPIRATON FROM MOVIE INVICTUS “ I AM THE CAPTAIN OF MY SOUL MASTER OF MY FATE” The true story of how Nelson Mandela joined forces with the captain of South Africa's rugby team, Francois Pienaar, to help unite their country. Newly elected President Mandela knows his nation remains racially and economically divided in the wake of apartheid. Believing he can bring his people together through the universal language of sport, Mandela rallies South Africa's underdog rugby team as they make an unlikely run to the 1995 World Cup Championship match. There were many moments which influenced me such as- 1. Mr. President talks to his guard about RECONCILIATION and FORGIVENESS. 2. When Mr. President talks to captain regarding- We need Inspiration 3. When Nelson Mandela asks the members of springbok team to trust his strategy and do not change the name of the team. 4. Springbok team members played with a group of children. 5. Inspired by Mandela, Francois admires Mandela’s forgiveness. Out of the all the moment which inspired me was the’ meeting of Mr. Mandela and the captain regarding inspiration’ For me the moment in the movie was when MR MANDELA had tears of joys in his eyes when he was in car. As he initially wanted from heart that team should win for the country and it made the country proud and so was MR MANDELA, because mr mandela himself was fond of rugby ( this was shown from the point he called captain for tea to guide him towards leadership ) While...
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...Nelson Mandela INTRODUCTION I. Attention-getter: “During my lifetime I have dedicated myself to this struggle of the African people. I have fought against white domination, and I have fought against black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony and with equal opportunities. It is an ideal which I hope to live for and to achieve. But if needs be, it is an ideal for which I am prepared to die.” II. Introduce Person or group of people: This is a quote from the former President of South Africa, Nelson Rolihlahla Mandela, known more often by his people as Madiba. He is a symbol of freedom and hope, a symbol of a better South Africa, a better world. III. Preview Main Points: Throughout his entire life, Nelson Mandela has showed some true passion, commitment, and forgiveness. BODY I. During the years 1948 and 1993 South Africa was under the rule of the National Party government and the Apartheid. The Apartheid was an official policy that dealt with racial segregation involving political, legal and economic discrimination against nonwhites that was highly enforced. It was during this period where Nelson Mandela showed his true passion. He stood against the Nationalist Party, describing them as being like a grave, beautiful on the outside, and full of evil inside. He took a leadership role in the the African National Congress, the opposing party against the reigning government. It was by taking...
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...Leading like Madiba: Leadership Lessons from Nelson Mandela Posted on August 17, 2011 by Martin Kalungu-Banda The world is in dire need of great leaders, ones who inspire people not through words but by serving them. The cutting edge in leadership discourse is the old fashioned idea of leadership through service. The whole human race, we could say, desperately needs these servant-leaders who really attend to others and are beacons of hope in our search for a world society where justice, fairness, care for the weaker members of our communities, and love flourish. The call for leaders who genuinely serve their people is obvious in social and political communities. We can see it equally in the economic sphere, in business organisations or corporations. The high turnover of staff in many work places suggests that people are looking for what Lance Secretan, a Canadian guru on leadership, calls ‘soul space’[1] – an environment where they will not simply be cogs in the wheel of production but can live full and happy lives. In my book, Leading Like Madiba: Leadership Lessons from Nelson Mandela[2], published in March 2006, I have attempted to present through stories the type of leadership that will take our world a higher ground.[3] What is so extraordinary about Mr Mandela’s style and practice of leadership is that it crosses the boundaries of culture, gender, race, religion and age. Madiba (as he is fondly referred to in his home country) has done so in a society that was once...
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