...MBA 505 Financial management Research Paper BASED ON Career Concerns of Top Executives, Managerial Ownership and CEO Succession By M. Martin Boyer and Hernán Ortiz-Molina Career Concerns of Top Executives, Managerial Ownership and CEO Succession INTRODUCTION This research shows that how a top manager’s stock ownership in the firm affects their chance of appointment in CEO succession events and how non-appointed managers with higher ownership reacts to search of better career opportunities elsewhere following the CEO turnover event. Career concerns induce top managers to take costly actions that improve their chances of appointment in CEO succession events. This research posits that managerial ownership choices can serve for this purpose. Maintaining larger ownership stakes upon appointment at the CEO position is less costly for more talented managers because they can more profitably run the firm. As a result managers should use their ownership in the firm to signal their ability to the board; and more talented managers should own a larger equity stake in the firm than less talented managers. After developing the conceptual framework in which the ownership decisions of managers with career concerns signal managers’ talent to the board, Researchers derive and empirically test several predictions relating CEO appointment decisions, managerial ownership and executive departure surrounding CEO succession events. The first two predictions follow directly from...
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...Reading the two novels, We and Brave New World, the reader is educated about the possible future of our society. Both book’s idea of a perfect utopia may sound a little extreme, however. Looking at today’s society, it is possible. We already have shock therapy for psychiatric patients, so using it for babies could possibly happen. Between reading We and Brave New World, I can see what rules are beneficial to its citizens and what is not. In the novel We, by Yevgeny Zamyatin, the main goal was to almost to dehumanize everyone. The One State officials had direct control over the city: making privacy no longer, destroying any emotions one might feel, and drilling into everyone’s mind that praising the Benefactor is the right thing to do. If...
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...We tend to throw around the word "poverty" a lot nowadays but do any of us really bother to think about it? I mean, do any of us think about its effect on the world and on us as humans? I for one, don’t! I mean to be totally honest, I very rarely think about the one billion or so people living in absolute poverty around the world! Today’s youth are our students. Students do pay a vital role in the society and how a society is shaped generation after generations. I think there are few contributions that a person can give to improve our society, but this little contribution can change the world . As a physical therapy student I am always asking myself what can I contribute in our society? Even I am not done yet with my studies how can I affect and help the world and my fellowmen? February 14, 2015 we conducted our outreach program regarding in awareness and prevention in joint pains as related in our course, in creek side, green valley, San Nicolas 3, Bacoor Cavite. It was the day of hearts (valentines day) so we’re all excited to meet our dates, the women in that barangay. As we walk to the barangay we met those kids who are very thin they are asking for food that we brought they captured and softened my heart because at their young age I think 2-4 years old they’re experiencing that tragedy of life,then I was remember I am always wasting some foods instead of giving it to those in needs, it’s alas and my conscience killing me in that time. As we started the program, as one...
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...Do you agree that we live in a dangerous world? Can you remember 9-11? Most people know about this infamous act of terrorism. Unfortunately, it was not the last one. Some people say that the world is becoming a better place in which to live, but we are exposed to an increasing number of dangerous situations. Be it in the physical world, or the virtual world, the number of threats has been on the rise, many times without us even aware of them. Firstly, we are living in an era of wars. Although major wars such as World War II are long gone, there still exist many acts of violence and threats of mass destruction. These are due to advent of terrorism and relentless experimentation on nuclear weapons. These have resulted in increased tensions among major superpowers worldwide, notably North Korea against US and its allies. On a smaller scale, due to the issue to overlapping boundaries between neighboring countries, many people often get killed in border clashes. For example, Thailand and Cambodia had many border clashes in the last decade, leading to numerous deaths of soldiers and civilians alike. Besides, we often hear of suicide bombers in Iraq, in a bid to topple the current democratic government in place. Therefore, it is difficult to say that today’s world is a safer one. Moreover, we face, see and hear about a lot more crime today than we did in the past. If you watch the news, you will hear about a lot of crimes such as random killings or intentional kidnappings in exchange...
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...How What We Eat Affects Our Climate It's not only how we choose to travel or heat our homes that determines our carbon footprint. What we eat also has a climate impact. Understanding the resources that go into producing our meals can make us more aware of the relationship between food and climate change, and help us make better choices. There are several factors that contribute to food's climate impact, including: how low on the food chain it is, how much energy is used to produce it and how far it has to travel before it gets to the table. Meat production is a major contributor to climate change. It is estimated that livestock production accounts for 70 percent of all agricultural land use and occupies 30 percent of the land surface of the planet. Because of their sheer numbers, livestock produce a considerable volume of greenhouse gases (such as methane and nitrous oxide) that contribute to climate change. In fact, the United Nations Food and Agriculture Organization (FAO) has estimated that livestock production is responsible for 18 percent of greenhouse gases. Other agricultural practices can impact the climate. Synthetic pesticides and fertilizers are widely used in agriculture, and are often made from fossil fuels. Manufacturing and transporting these chemicals uses significant quantities of energy and produces greenhouse gases. Not surprisingly, studies have shown that chemical farming uses considerably more energy per unit of production than organic farms, which...
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...” Why We May Soon Be Living in Alexa’s World” written by Farhad Manjoo and published in The New York Times, February 21, 2018, discusses the voice assisted computing service (artificial intelligence) referred to as Alexa, and the multitude of tech gadgets that currently employ Alexa. Initially, this article uses pathos to gain the reader’s attention when the writer humorously recalls a recent glitch in his Amazon Echo Dot. Quoting Manjoo, “…the voice assistant began to wail, like a child screaming in a horror-movie dream”. Moving to his main thesis, Manjoo theorizes Alexa has so thoroughly invaded the lives of consumers, himself included, that they are willing to overlook the glitches in favor of the convenience offered by the artificial...
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...environment is rising with the passing of the years. Nowadays, our lives are very much dependent on technology due to the fact everything is now computerized or very close to work independently from the human hand. As a consequence of all these advancements, there is the belief that if a camera and a microphone are attached to a computer it can receive data from its surroundings; therefore the computer can “perceive the world” the same way humans do. Bearing in mind this previous statement, it is important to highlight the main differences between the ways human beings perceive and obtain information from their environment and the ways computers do this exact same thing. First, taking into a count perception, for men, is given through two main ways, externally and internally. Externally refers to the five human senses, which are, sight, smell, touch, taste and hearing. It is proven and known that these senses exist since the conceiving of a human baby and are developed accordingly to his or her growth. With the use of the senses, human beings can perceive the world in different areas, like the colours and sizes of things with the sight; the roughness or softness of objects with the touch and the bitterness or sweetness of food with the taste, among others. Even though, there are computers programmed in order to be able to receive this same information with the use of cameras, microphones and other mechanisms, the development of a computer with the capacity to collect information...
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...“Critically assess the claim that we live in a ‘globalised world’. Use evidence to support your discussion.” When looking at globalisation we have to realise that it isn’t just one thing, the word globalisation isn’t just one meaning, it isn’t just an economic or cultural concept and it doesn’t just affect these, it also effects a lot of other relations. It can be anything from personal to structural things and this can affect us on many different levels, as well as economic and cultural there are also environmental concerns and effects on the globe which now need global solutions. This is essay is going to explore the aspects of globalisation and assess analytically and critically how we are now supposed to live in a “globalised word” and to what extent that it is actually true, using evidence and examples from sociological scholars and every day samples to support different idea’s which are for and against this notion. Globalisation means cultures and economics are now becoming more the same, more homogenous and throughout this essay this will be challenged on how this effects the world we live in not just in Britain but in all other countries too. Globalisation is involved with dissolving boarders and making them less strict and more flexible, this allowing us to have growing global connections, something which is called interconnectedness. We can now receive information from across the world almost instantly this giving exercise and organisation of power on a global scale...
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...Given the sorts of personal relations we now enter into, and the demands of the world of work and the influences of the digital age, it is no longer possible to become an educated person in such a troubled world. True or false? We live in an increasingly complex world of rapid change and can only begin to imagine what the future will look like. It is also a very troubled world in which we are confronted daily with a myriad of challenges. The sheer scale of information and social constraints threaten to overwhelm us and we may be justified in thinking that it is no longer possible to become an educated person. Contrary to this view, however, I believe that it is not only possible, but also imperative that we do so if we are to both survive and thrive in the modern world. Any rewards will outweigh the challenges. The real question is not really whether it is possible to become and educated person, but exactly what that education should look like in such a climate? Education is highly valued universally and the sphere of education today is extensive. In most countries, in addition to a developed system of state schooling, there is an expanding system of private schooling. This has arisen in response to the growing demand for qualifications and accreditation in an increasingly diverse range of professions. However, being an educated person today is not simply about possessing knowledge. The educated person is one who is able to utilise knowledge and apply it productively...
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...dictators are vulnerable to a belief in their own invulnerability’. What is the United Nations doing to become Putin vulnerable? Waiting a worst case scenario? What is going to happen in the future? Are we going to have a World War 3? Germany and France trying to protect Russia It was obvious that Russia supported the separatist militants in the region, while on the other hand it was trying to deny this support. At the same time, the Russians joined Germany and France in a diplomatic effort to promote a political agreement within Ukraine that takes into account the interests of Russia. Expanding relations with BRIC countries Putin, on the other hand, expanded its relations with China, gaining moral support from other BRIC countries (Brazil, India, China, South Africa) and also strengthening old and making new friends in Latin America. My Personal Learning with Putin’s Style of Leadership In business life, as mentioned by Rickards (2012), leaders are focused to achieve economic goals and unethical behavior happen if businesses are economically disadvantaged for executives. Putin has its objectives cleared in his mind, and to achieve them he uses the tactics of common enemies (Diamond, 2012). Putin knows the importance of having allies at his side, and by experience we know that anyone can’t achieve their goals alone. Analyzing...
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...that what we may label today as “fundamental change in our culture” will inevitably completely destroy marriage and the family unit, at some point in the future.(1) Our culture has changed; however, "traditional marriage" still has a place in the modern world, and is therefore not an outdated and archaic institution. If we look closely at those that believe otherwise, we will most likely find their choice to be founded on hurt, resulting from marriage, or a lack thereof. Indeed, “[the] CDC finds [that] more U.S. couples [are] living together instead of marrying” (Health Day, 2013); further, a cursory comparison between 2000 and 2013 statistics, gives the impression of an alarming trend toward cohabitation.(2) However, for the time being, the same statistics demonstrate that the majority of In the modern world, does "traditional marriage" still have a place, or are we seeing a fundamental change in our culture?either marry or break up; therefore, cohabitation is not (currently) intended (by the majority) to replace marriage. Although deceptively attractive, easy and convenient, in my opinion, cohabitation, is caused (at the root) by poor parenting, characterized by dysfunctional, unsupported and selfish parents that recycle and multiply unhappiness and an unfulfilled need for companionship, coupled with fear of commitment.(3) “Marriage is the most basic and fundamental part of our society, and as such it should be protected and honored. The biggest gift we can give...
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...REVIEW FOR THEOLOGY IN THE CONTEXT OF WORLD CHRISTIANITY: HOW THE GLOBAL CHURCH IS INFLUENCING THE WAY WE THINK ABOUT AND DISCUSS THEOLOGY Name: Course: Professor’s Name: Date: Timothy C. Tennent, an American theologian, is Professor of World Missions and Indian Studies and the current president of Asbury Theological Seminary. Dr. Tennent and wife, Julie Myers, reside in Ipswich, Massachusetts, with their two children, Jonathan, and Bethany. Tennent (born on September 24, 1959) did his college education B.A. from Oral Roberts University, quickly followed by a Masters’ degree from Princeton Theological Seminary. He later did a Doctorate of Philosophy degree from the University of Edinburgh's in Scotland, where his dissertation was on Brahmabandhab Upadhyay, an Indian theologian. His teaching career started at Toccoa Falls College. At Gordon-Conwell Theological Seminary, Massachusetts, he served as professor of world missions and Indian studies. He was elected to his current office as president of Asbury Seminary in 2009. He still a visiting professor at the Luther New Jr. Theological College of Dehradun, India. He authored "Building Christianity on Indian Foundations" together with "Christianity at the Religious Roundtable". He has also published items in the series “Encountering Mission” and “Invitation to Theological Studies.” In November 2009, Tennent had signed an ecumenical statement differing categorically with rules and laws permitting abortion, same-sex marriage...
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...‘We see examples of design throughout the natural world and conclude that an intelligent designer is clearly demonstrated.’ Assess whether this argument succeeds. The idea of an intelligent designer has split philosophers down the middle. Many different arguments are proposed by philosophers on each side as to why an Intelligent designer exists or doesn't exist. Arguments both from and for design present clearly that there is a god and we know this just by looking at objects around us. However it can be questionable that would an intelligent designer design diseases such as cancer , this rules out the possibility of an omnipotent designer. Examples of design are practically ever, from the printer that printed this work to the waterproofing of feathers on ducks. It is clear to us that a printer has been designed as it would be near impossible that it grew from a tree or just appeared. If I was to say a flying bee is more complex than a printer it would be hard to conceive. However the science or printers has been around for many years now and they are fairly easy to explain, but the flight of bee, a natural object, an insect, has only been understood in recent years. If a printer, which at face value seems more complex than a bee has been designed surely reason permits us to assume that a bee would have also been designed. You don't have to look very far to see evidence of design, a human eye provides a perfect example of design, it is made up of loads of tiny parts...
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...Given the relative weakness of the 16th century Europe, how do we account for the fact that European nations came to dominate most of the world by the end of the 19th century? In the 16th century, majority of the population in Europe was living in poverty. Europe paled in comparison to the great empires of the Ming, Ottoman and Mughal. Though Portuguese and Spanish represented Europe civilization to set sail and explore new lands in search of new settlements and viable trade routes, the Chinese empire lead an expedition of a massive scale larger than ever known earlier than that time with a different motive. Such expeditions imply these major empires could be suitable candidates for world domination. However, they became insignificant in the world politics arena due to internal declines and isolation. Strong and impregnable as they seem, these great empires had their weaknesses and suffered downfalls due to inefficient government and inadequate resources. The Ottoman Empire has expanded beyond what its resources could sustain. Coupled with widespread corruption and incompetent leadership, the empire’s armies suffered and became vulnerable to its Christian and nomadic rivals. The Mughal empire leader Aurangzeb, expanded his empire in name of purifying Islam hence weakening alliances with Hindu princes and disrupted the already fragmented social order. With focused expansion of territory using obsolete armies and tactics, the empire was drained of its wealth and fell when civil...
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