The buying back of shares is a dangerous financial strategy as it Essay

The buying back of shares is a dangerous financial strategy as it increases the company's capital gearing. Evaluate this - Essay Example There are different motives that would attract the companies to buy back the shares and there are different techniques that can be used to go through the process of stock repurchase. Different techniques that can are used by the companies for their stock buy-back are as follow: Company offers to purchase the shares from their shareholders at a premium price thus it gives value to them and extra return over price they actually had paid for the shares when they were bought. Companies often buy back their shares from the open market like an ordinary investor purchasing shares and making investment. It is often seen that the market and shareholders perceive the decision of the company to buy back the shares as a positive move and shareholders expecting higher returns stimulates stock price of the company (Larry, 1981). Motives for stock buyback Different circumstances and requirements of business conditions can influence management of share repurchase. Such motivating factors along with their reasons are discussed below: Market perception It is the perception of the shareholders and potential investors that exists in the market matters for future of company. Company is believed to use capital or extra finance available to them to buy back its shares thus giving the perception in market that there shareholders would be valued as they are provided the opportunity to trade possessed shares at the premium price (Udo & Richard, 2003). Thus removing any negative market perceptions that the stock price of the company has fallen and they have low future expectancy that what effects dealing of shares in market. It is often due to low earnings reported by the company in past some period, its operations effected by some scandal or lawsuit thus the share buyback is used as an option to remove any negative perceptions that are prevailing regarding the company in the market (David, et al., 1995). It is becomes necessary for the company to make the share buyback as market due to such instances and incidents might value the share price way low and shares are being traded at value that is below the expectancy of company thus in order to keep a standard for their shares in market and keeping value for their shareholders alive however it is believed that hike in share prices through this approach is of nominal period (Mansor, et al., 2011). Financial Ratios It is a usual practice in the market adopted by the investors before making any investment they make decisions on the basis of research and evaluation of the companies that are seem potential for the investment. Financial ratios of the company are most basic and foremost results that are used for the evaluation of the company. It is part of rational decision making of the investor as they evaluate their choice of investment before making the final decision (Amy, 2000). Thus share buyback can be the part of an accounting technique to get the desired results for the company as however it is the personal financ e of the company that they utilize to buy-back the shares thus it is confidence that the companies have on their abilities that makes them repurchase the outstanding shares that are either absorbed or turned to treasury stock. Thus the purchase reduces assets of company as it is the cash that is being paid for purchase of the shares therefore one of most important

Individuality in Whitmans Song of Myself Essay -- Song of Myself Essa

Individuality in Whitman's Song of Myself During a lecture in 1907, William James said "the philosophy which is so important in each of us is not a technical matter; it is our more or less dumb sense of what life honestly means. It is only partly got from books; it is our individual way of just seeing and feeling the total push and pressure of the cosmos" (Bartlett 546) Individuality has been a prevalent theme in every type of literature for quite some time. Whether it is a character discovering his/her individuality or the author expressing his, literature is full of distinctness. The term individuality changes meaning with each person it meets. That is what makes the dynamic word so great. Throughout particular works read this semester, individuality has been the foundation for several of them. Walt Whitman takes his newfound ideas and Quaker background and introduces American Literature to a totally different meaning of individuality in "Song of Myself." Whitman's radical ideas of individualism have a great deal to do with his Quaker background. The Quaker religion is one in which the authority was Inner Light. "Whitman himself was not only personally familiar with, but deeply impressed by, a religion whose only authority was the Inner Light" (Canoy 481). The Inner Light is a special influence, which made Whitman's poetry unique. This certain influence did such things as guide Whitman down his soul searching path as well as help him define within himself the characteristics of an individual. In section fifteen of "Song of Myself," Whitman discusses people from every class and every profession. He goes on to say "the young fellow drives the express-wagon... love him though I do not know him;" (2753). ... ...either hasten their own delivery, not resist it" (2767). Would it really be that bad to be an individualist instead of conforming to the crowd? I do not think so. Works Cited *Bartlett, John. Bartlett's Familiar Quotations. Boston: Little,Brown and Company,1992. *Canby,Henry Seidel, Johnson, Thomas H., Ludwig,Richard M., Spiller, Robert E., Thorp, Willard. Literary History of the United States. New York: The MacMillian Company, 1963. *Franklin, Benjamin. Autobiography and Poor Richards almanacks. The Heath Anthology of American Literature. 3rd ed. Ed. Paul Lauter.Boston, NewYork: Houghton Mifflin,1998. *Renyolds, David S., Walt Whitman's America-A Cultural Biography. New York: Alfred A. Knopf, 1995. *Whitman, Walt. Song of Myself. The Heath Anthology of American Literature. 3rd ed. Ed, Paul Lauter. Boston,NewYork: Houghton Mifflin, 1998. Individuality in Whitman's Song of Myself Essay -- Song of Myself Essa Individuality in Whitman's Song of Myself During a lecture in 1907, William James said "the philosophy which is so important in each of us is not a technical matter; it is our more or less dumb sense of what life honestly means. It is only partly got from books; it is our individual way of just seeing and feeling the total push and pressure of the cosmos" (Bartlett 546) Individuality has been a prevalent theme in every type of literature for quite some time. Whether it is a character discovering his/her individuality or the author expressing his, literature is full of distinctness. The term individuality changes meaning with each person it meets. That is what makes the dynamic word so great. Throughout particular works read this semester, individuality has been the foundation for several of them. Walt Whitman takes his newfound ideas and Quaker background and introduces American Literature to a totally different meaning of individuality in "Song of Myself." Whitman's radical ideas of individualism have a great deal to do with his Quaker background. The Quaker religion is one in which the authority was Inner Light. "Whitman himself was not only personally familiar with, but deeply impressed by, a religion whose only authority was the Inner Light" (Canoy 481). The Inner Light is a special influence, which made Whitman's poetry unique. This certain influence did such things as guide Whitman down his soul searching path as well as help him define within himself the characteristics of an individual. In section fifteen of "Song of Myself," Whitman discusses people from every class and every profession. He goes on to say "the young fellow drives the express-wagon... love him though I do not know him;" (2753). ... ...either hasten their own delivery, not resist it" (2767). Would it really be that bad to be an individualist instead of conforming to the crowd? I do not think so. Works Cited *Bartlett, John. Bartlett's Familiar Quotations. Boston: Little,Brown and Company,1992. *Canby,Henry Seidel, Johnson, Thomas H., Ludwig,Richard M., Spiller, Robert E., Thorp, Willard. Literary History of the United States. New York: The MacMillian Company, 1963. *Franklin, Benjamin. Autobiography and Poor Richards almanacks. The Heath Anthology of American Literature. 3rd ed. Ed. Paul Lauter.Boston, NewYork: Houghton Mifflin,1998. *Renyolds, David S., Walt Whitman's America-A Cultural Biography. New York: Alfred A. Knopf, 1995. *Whitman, Walt. Song of Myself. The Heath Anthology of American Literature. 3rd ed. Ed, Paul Lauter. Boston,NewYork: Houghton Mifflin, 1998.

Oleana as a Tragedy

Oleana presents many definitive traits that could categorise it as a tragedy. The most prominent is the presence of a ‘harnartia', executed by John. Harnartia is Greek terminology that translates literally to â€Å"missing the mark†, and was often used to depict the ‘Hero's fatal flaw. In the case of Oleana, it could be argued that John committed the fatal error' of breaching the lawful gap between teacher and student by â€Å"placing his arm around† Carol while trying to soothe her.This sentimental reaction is generally condoned by the audience, despite the legal implications, as the motional reasoning behind it temporarily clouds the unprofessional elements. Ultimately these actions result in a string of misfortune. Tragedies also have a reputation for elating the audience, and encouraging conflicting emotions for the characters. Such is arguably achieved, as Carol is portrayed as a youthful woman whom is insecure in her own academic abilities and correspo ndingly becomes a victim to John's crass, arrogant attitude as is shown by an extreme amount of ellipsis and interruptions in their earlier interactions.She is also strained by that of her own group' whom convince her to liberate the dramatic allegations that guarantied John's downfall. However, she is also represented as vindictive and headstrong, as is shown by her dialogue in the last act wherein she attempts to blackmail John into rebuking his book: â€Å"If you would like me to speak to the tenure committee, here is my list. You are a free person, you decide. John is firstly depicted as a brash and slightly aloof man with good intentions, but as the story develops, these quirks lose their initial romance and his character appears intrusive and pompous, due to his esquipedalian qualities. He dominates the conversation and ushers Carol repeatedly; an action which is generally regarded as being extremely derogatory and advocates the belief that his elder status gives him a right to be condescending.Even disregarding the fact that they are of opposite sexes, it is strenuous to reach a conclusive, untainted resolve, and thus the desired effect is achieved. It is common in tragedies to have a ‘reversal' of fortune; this could be aligned with John's looming loss of power, Job, home, and, effectively, life, due to Carol's persecution. A great deal of his loss is arguably down to John's insolent action of belittling the resonance of a higher power; in this case the Tenure Committee.He believes that they will revoke the statement, and thus foolishly provides Carol with more opportunities to amplify damning evidence. This is an unmistakable trait in variations of Tragedies, generally tagged ‘hubris', wherein the equilibrium is only achieved after the hero suffers for their imprudence towards the Gods. Lastly, a key feature in any play is the chorus; a seemingly detached group, whom gather to inflict Judgements and muse over the ighteousness of the chara cter's actions throughout.The most relevant comparison to this in Oleana is the presence of the telephone, and the confliction and distraction it brings. This ongoing chaos could possibly be interpreted as foreshadowing for the misfortune that John was fated to experience, or the general tone of condemnation regarding John's various inappropriate actions towards Carol. In conclusion, there are many connections that can be made between a typical tragedy production and Oleana, and it would be completely valid to place Oleana in that genre. Oleana as a Tragedy By saraelnairree

Ges Digital Revolution Redefining the E in Ge Analysis

GEs digital Revolution Redefining the E in GE Within 18 months of introducing the e-business initiative, Internet Week named GE the ~{!0~}Internet Company of the Year.~{!1~} How was GE to drive this ambitious company-wide program throughout its complex and diverse organizations so quickly and effectively? GE is a huge company, with 3 dozen of business areas, over 300 thousand employees and annual sales revenue as high as 129 billion in the year of 2000. It was the social architecture (culture and values) and operating systems (systems and processes) helped this complex and diverse organization to drive through changes quickly and effectively that have it named Internet Weeks top e-business of 2000. These deeply rooted†¦show more content†¦~{!0~}Operating System~{!1~} is GE~{!/~}s learning culture in action--in essence, it is the operating guideline of the company. As shown in exhibit 3, the Operating system is a year-round series of intense learning session in which business CEOs, role models and initiative champions from GE as well as outside companies need and share the intellectual capital to the world. The Operating System allows different GE businesses to operate at performance levels and speeds that would be unachievable were they on their own. The system functions acro ss departments, and also cross several key initiatives in GE history: the Globalization has been enriched dozens of cycles; Six Sigma, Service and e-Business are all being enriched with this cycle. GE keeps the accumulation of its own previous precious experience and also enriches these experiences in the new strategic cycles, especially in e-Business. The reason that E-Business initiative was driven successfully among this complex and diverse organization was that GE loves learning and keeps learning from both inside and outside. Firstly, in GE, people use six-sigma, the tool that can monitor and control production quality, to drive the manufacturing and even the quality control in e-Business areas. People work in the norm of systematic problem solving, which meansShow MoreRelatedGes Digital Revolution Redefining the E in Ge Analysis1058 Words   |  5 PagesGEs digital Revolution Redefining the E in GE Within 18 months of introducing the e-business initiative, Internet Week named GE the ~{!0~}Internet Company of the Year.~{!1~} How was GE to drive this ambitious company-wide program throughout its complex and diverse organizations so quickly and effectively? GE is a huge company, with 3 dozen of business areas, over 300 thousand employees and annual sales revenue as high as 129 billion in the year of 2000. It was the social architecture (cultureRead MoreComputime1008 Words   |  5 Pagesway to log customer complaints. If the complaints fall on deaf ears, nothing will be changed. 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