Greenmail & firing employees Essay Example for Free

Greenmail firing employees Essay The term is a greenmail is formed by combining the terms greenback and blackmail, invented by journalists and commentators who saw the practices of corporate raiders as a form of blackmail. The target company is financially held hostage, and is legally forced to pay the greenmailer to go away. Greenmailing is a variation on the corporate raid or hostile takeover. The greenmailer commonly targets a publicly traded company that is cash rich but often undervalued, with large assets and possibly a solid customer base. Other targets are companies that are simply inefficient. The greenmailer isnt really interested in the business of the company. It doesnt want to own the company, improve it, or further build it up. It will, if forced to acquire the target, sell its parts off piecemeal, which can bring a greater profit than selling the whole target. This is called asset stripping and involves replacing management and firing employees. Greenmail proved lucrative for investors such as T. Boone Pickens and Sir James Goldsmith during the 1980s. In the latter example, Goldsmith made $90 million from the Goodyear Tire and Rubber Company in the 1980s in this manner. Occidental Petroleum paid greenmail to David Murdoch in 1984. However, if a proper greenmail occurs, the greenmailer merely secures a significant stake in the target company. The greenmailer can offer to end the threat to the target company by selling its share back at a substantial premium. The target or mark can also go private with the same results: a profit to the greenmailer. The greenmailer gets away with no oversight, low overhead, and its profits. The target is left poorer and without the assets that attracted the raid in the beginning. A company which agrees to buy back the bidders stock position avoids being taken over. In return, the bidder agrees to abandon the takeover attempt and may sign a confidential agreement with the greenmailer who will agree not to resume the maneuver for a period of time. Greenmail is a corporate defense mechanism to buy back shares from shareholders attempting to control the firm. The practice has many critics but it can result to potential windfall for the company by protecting company shares from low takeovr bids and gives the firm the opportunity to restructure management. While benefiting the greenmailer, the company loses capital and other assets. This hamstrings its future growth potential. This means the shareholders lose as well in addition to impacting the supplier and customers economically linked to the company. Generally the companys existing management may remain in place but the employees usually see their ranks reduced. Courts in states such as Calfornia have favored shareholder lawsuits, based on the contention that greenmailer constituted a breach of fiduciary responsibility. Greenmail is arguably counter productive because once such a payment becomes public others may feign a takeover attempt. Greenmail is money paid by a company (or allied company or individual) to acquire its own shares of stock from a shareholder who is threatening to take control of, or unwanted influence over, the company. In the parlance of the financial community, strategies to prevent a takeover are called a Poison pill. This implies that the corporate raider will suffer if they try to swallow the target of the takeover. This involves a myriad of arcane changes in the details of corporate ownership structure, investment market rules, and may involve legal requirement in the jurisdiction where the company is incorporated. Individual states may pass protectionist laws that impose limits for launching formal bids, or obligations to seek shareholder approval for the buyback of its own shares, and in Federal tax treatment of greenmail gains have all made greenmail far less common since the early 1990s. Heckmann et al. v. Ahmanson trial in July 1989. This was one of the final cases involving the payment of greenmail. Greenmail is slang for targeted share repurchases transactions in which a company repurchases shares from specific holders, rather than on the open market. In the 1980s, it was not uncommon for companies to pay greenmail to large investors who were challenging corporate management and threatening a takeover of the firm. In this case, Disney had paid a premium price to repurchase shares accumulated by Saul Steinbergs Reliance Group. Working with attorney Michael Hennigan, I explained to the jury how this could damage Disneys other shareholders and to estimate the amount of the damage. Following my direct examination, as Arthur Liman was standing to begin his cross, the judge decided recess the trial early for the July 4th holiday. During the recess, the case settled. It was the only greenmail case in which plaintiffs received a cash settlement.

Auricular Acupuncture Essay -- Health, Alternative Medcine

Examining the Effectiveness of Auricular Acupuncture What is Auricular Acupuncture? Auricular acupuncture has a variety of uses, some with more documented success than others. Auricular acupuncture is an alternative medicine with some documented success in treating anxiety, insomnia, smoking, drug addictions and obesity. Not all studies have generated conclusive positive results and more research is needed to accurately evaluate the efficacy of the procedure in treating multiple ailments. Acupuncture is an ancient medicinal practice that originated in China. The name comes from the Latin acus, or â€Å"needle†, and from pungere, or â€Å"prick,† and involves the insertion of superfine needles into specific points on the body. Once inserted, the needles can be manipulated to stimulate the body for healing effects. Auricular acupuncture is acupuncture performed on the ear. The treatment of auricular acupuncture is preformed on the ear using stimulators such as different types of needles, staple-punctures, probes, magnetic beads, fingers, or harmless ele ctrical impulses. The most common is method is inserting needles. For auricular acupuncture, there are different type of needles that can be used such as a regular half or whole inch needle, press needles, and interdermal needles. Press and interdermal needles are pressed into an acupuncture point and tape is used to keep them in place, as well as give constant stimulation. The ear is thought to contain an innumerable amount of important and potentially therapeutic acupuncture points. This is why it is believed that by using these types of stimulators on acupuncture points in the ear, problems and/or dysfunctions will be revealed throughout the body. (Suen 135) Why is Auricular Acupunctu... ...this alternative medicine in reinforcing the legitimacy of their work is that there are even discrepancies between them on exactly how to achieve the desired results. â€Å"One of the many methodological problems with auricular acupuncture is that there are so many maps of the ear and little agreement exists regarding point location, lacking definite anatomic stud on the ear skin and its somatotopic correspondences† (Gori 16). In order for this alternative method of treatment to become more mainstream and accepted as legitimate, more conclusive evidence and more consistent results across multiple studies, and more consistent application of the acupuncture itself must be achieved. Until that point, auricular acupuncture will continue to help persons who have experienced its benefits, but it will not receive the attention that a more proven treatment would by the masses.

Mis Chapter 7

Chapter 7 Telecommunications, the Internet, and Wireless Technology1) Telephone networks are fundamentally different from computer networks. Answer: TRUE 2) Increasingly, voice, video, and data communications are all based on Internet technology. Answer: TRUE Â   3) To create a computer network, you must have at least two computers. Answer: TRUE 4) An NOS must reside on a dedicated server computer in order to manage a network. Answer: FALSE 5) A hub is a networking device that connects network components and is used to filter and forward data to specified destinations on the network. Answer: FALSE 6) In a client/server network, a network server provides every connected client with an address so it can be found by others on the network. Answer: TRUE 7) Central large mainframe computing has largely replaced client/server computing. Answer: FALSE 8) Circuit switching makes much more efficient use of the communications capacity of a network than does packet switching. Answer: FALSE 9) A protocol is a standard set of rules and procedures for the control of communications in a network. Answer: TRUE 10) Two computers using TCP/IP can communicate even if they are based on different hardware and software platforms. Answer: TRUE11) In a ring topology, one station transmits signals, which travel in both directions along a single transmission segment. Answer: FALSE12) Coaxial cable is similar to that used for cable television and consists of thickly insulated copper wire. Answer: TRUE13) Fiber-optic cable is more expensive and harder to install than wire media. Answer: TRUE14) The number of cycles per second that can be sent through any telecommunications medium is measured in kilobytes. Answer: FALSE15) The Domain Name System (DNS) converts IP addresses to domain names. Answer: FALSE16) VoIP technology delivers video information in digital form using packet switching. Answer: TRUE17) Web 3. 0 is a collaborative effort to add a layer of meaning to the existing Web in order to reduce the amount of human involvement in searching for and processing Web information. Answer: TRUE18) Wi-Fi enables users to freely roam from one hotspot to another even if the next hotspot is using different Wi-Fi network services. Answer: FALSE19) WiMax has a wireless access range of up to 31 miles. Answer: TRUE20) RFID has been exceptionally popular from the technology's inception because of its low implementation costs. Answer: FALSE21) The device that acts as a connection point between computers and can filter and forward data to a specified destination is called a(n)A) hub.B) switch.C) router.D) NIC.22) The Internet is based on which three key technologies?A) TCP/IP, HTML, and HTTPB) TCP/IP, HTTP, and packet switchingC) client/server computing, packet switching, and the development of communications standards for linking networks and computersD) client/server computing, packet switching, and HTTP23) The method of slicing digital messages into parcels, transmitting them along different communication paths, and reassembling them at their destinations is calledA) multiplexing.B) packe t switching.C) packet routing.D) ATM.24) The telephone system is an example of a ________ network.A) peer-to-peerB) wirelessC) packet-switchedD) circuit-switched25) Which of the following is not a characteristic of packet switching?A) Packets travel independently of each other.B) Packets are routed through many different paths.C) Packet switching requires point-to-point circuits.D) Packets include data for checking transmission errors.26) In TCP/IP, IP is responsible forA) disassembling and reassembling of packets during transmission.B) establishing an Internet connection between two computers.C) moving packets over the network.D) sequencing the transfer of packets.27) In a telecommunications network architecture, a protocol isA) a device that handles the switching of voice and data in a local area network.B) a standard set of rules and procedures for control of communications in a network.C) a communications service for microcomputer users.D) the main computer in a telecommunicatio ns network.28) What are the four layers of the TCP/IP reference model?A) physical, application, transport, and network interfaceB) physical, application, Internet, and network interfaceC) application, transport, Internet, and network interfaceD) application, hardware, Internet, and network interface29) Which signal types are represented by a continuous waveform?A) laserB) opticalC) digitalD) analog30) To use the analog telephone system for sending digital data, you must also useA) a modem.B) a router.C) DSL.D) twisted wire.31) Which type of network is used to connect digital devices within a half-mile or 500-meter radius?A) microwaveB) LANC) WAND) MAN32) Which of the following Internet connection types offers the greatest bandwidth?A) T3B) DSLC) cableD) T133) Which type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents?A) wireless network in infrastructure modeB) domain-based LANC) peer-to-peer networkD) campus area network34) In a bus networkA) signals are broadcast to the next station.B) signals are broadcast in both directions to the entire network.C) multiple hubs are organized in a hierarchy.D) messages pass from computer to computer in a loop.35) All network components connect to a single hub in a ________ topology.A) starB) busC) domainD) peer-to-peer36) The most common Ethernet topology isA) bus.B) star.C) ring.D) mesh.37) A network that spans a city, and sometimes its major suburbs as well, is called aA) CAN.B) MAN.C) LAN.D) WAN.38) A network that covers broad geographical regions is most commonly referred to as a(n)A) local area network.B) intranet.C) peer-to-peer network.D) wide area network.39) ________ work by using radio waves to communicate with radio antennas placed within adjacent geographic areas.A) Cell phonesB) MicrowavesC) SatellitesD) WANs40) Bandwidth is theA) number of frequencies that can be broadcast through a medi um.B) number of cycles per second that can be sent through a medium.C) difference between the highest and lowest frequencies that can be accommodated on a single channel.D) total number of bytes that can be sent through a medium per second.

Lowering the Minimum Legal Drinking Age in the United States - Free Essay Example

Sample details Pages: 3 Words: 855 Downloads: 6 Date added: 2019/08/12 Category Society Essay Level High school Tags: Lowering The Drinking Age Essay Did you like this example? Imagine being a senior in high school, 18 years old. Should young adults be able to legally buy an alcoholic beverage at this age? This has been an ongoing controversy in the United States as to whether the drinking age should be lowered from 21-years-old to 18-years-old. At 18-years-old in America, young adults are entrusted with the responsibility to vote in elections, get married, buy firearms and tobacco, fight for this country and serve on jury, yet they cannot responsibly drink a glass of wine at dinner (Grobety, 2018). Don’t waste time! Our writers will create an original "Lowering the Minimum Legal Drinking Age in the United States" essay for you Create order The contrasting perspective to this argument is that underage drinking will damage brain cells in people whose brains have not fully formed more than in mature brains or that it could potentially lead to an increase of alcohol related automobile accidents (Fox, 2016). Literature Review In Foxs article, she explains how lowering the drinking age can ultimately lower student success. This article was included in the essay because she explains the perspective of a counterargument, that underage drinking will damage brain cells in people whose brains have not fully formed. Another article that opposes lowering the legal drinking age is written by Smith. In this article, it expresses another counterargument as to how lowering the legal drinking age could potentially lead to an increase in of alcohol related automobile accidents. The last article that explains a counterargument is written by Sheboygan. This article explains why the argument of being 18-years-old and defending this country has lost all meaning. An article that supports the lowering of the legal drinking age is written by Sarah Grobety. This article expresses how the rising issue of fake IDs would be resolved with a lower legal drinking age. The last article included in the essay is written by Schorr. He m akes it known how countless hours and hundreds of thousands of dollars that go into enforcing drinking laws could be saved by lowering the minimum drinking age to 18 years old. Discussion The purpose of having such a high drinking age, 21-years-old, is to protect young adults from the negative effects of alcohol. However, the high drinking age has the opposite effect on young adults. Due to the high drinking age and teenagers not having easy access to alcohol, they are more likely to binge drink whenever they are exposed to alcohol. Binge drinking is very dangerous. If the drinking age was lowered to age 18-years-old it would allow for more transparency and openness to consumption at a younger age which would help teach young adults and children how to drink responsibly (Grobety, 2018). Normal actions for college students such as binge drinking or pregaming before events would be reduced because of a lowered legal drinking age. If there was a competition for the least obeyed law, the drinking age law would certainly be the winner. Countless hours and hundreds of thousands of dollars go into enforcing drinking laws in a state, especially on college campuses (Schorr, 2017). Hundreds of thousands of dollars on a law that is rarely obeyed. If the minimum drinking age was lowered to 18-years-old, the hours and money could be relocated to other areas of need, like drug abuse, sexual assault and education on alcohol for young people (Schorr, 2017). Falsifying government documents is a felony and that can lead to both a fine and up to twenty years of imprisonment, yet fake IDs are still on the rise. The use of fake IDs are especially prevalent in college towns (Grobety, 2018). Young adults who can make decisions independently should not have to lie about their age in order to make decisions about their drinking habits. They should be treated as any other adult and be responsible enough to do so. Lowering the drinking age would decrease the number of fake IDs in circulation and keep more young adults out of trouble (Grobety, 2018). A person who opposes lowering the legal drinking age to 18-years-old may say underage drinking will damage brain cells in people whose brain have not fully formed (Fox, 2016) or not being able to consume alcohol, but serve our country lost all meaning when the Vietnam war ended (Sheboygan, 2017). Also, some will claim it could potentially lead to an increase of alcohol related automobile accidents (Fox, 2016). However, the truth is that if an underage teenager wants to consume alcohol they will find a way to, no matter the consequences. It would only be in the best interest to lower the minimum legal drinking age and better educate the teenagers of our society how to drink responsibly. Conclusions Thus far having such a high drinking age has been ineffective. If the drinking age was lowered to age 18-years-old it would have many more benefits than consequences. The current legal drinking age has made drinking in excess, binge drinking, a standard way of rebelling an unjust and immoral law. Young adults should be prepared to make responsible decisions about alcohol the same way they are prepared to make life decisions. It is time for a change. We dont hand a teenager cay keys without first educating them about how to drive, why expect 21-year-olds to learn how to drink responsibly without educating them (Glaser, 2015).