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Unformatted text preview: -David Ratler radded Conrad Black defrauded shareholders of money. Wont testify, keeps writing not in best interest.-Sens Red Mile-Housing Prices-Chrysler sells to Cerabis a company that buys crappy companies, expenses got high and loss money-Melnyk stepping down at biovail-Public makes just as much if not more than private. Ie. David Dodge, makes less that other bank managers. Forms of Ownership Forms of Ownership • Corporations • Organizations • Partnerships • Sole Proprietorships Corporations • An artificial being in eyes of the law • Legal entity whose assets and liabilities are separate from owners; exists on paper • Rights to be sued and sue, buy own manage property, legal owner of business, continue forever. • Articles must be drawn-name and address of corp., objective, type/number of shares,/number of directors Control of the Corporation • Shareholders • Board of Directors • Senior Management-create mission/vision statements, CEO Shareholders • Owners of the corp. • 2 classes: Common or Preferred Equity Financing • Common: vote, don’t have preferential treatment regarding dividends (more risk and potential) • Preferred: no vote, preferential treatment in dividends, (less risk less potential) Rights of a Shareholder • To vote for the board • Hold/sell any share in registered name...
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This note was uploaded on 09/13/2011 for the course ADM 1300 taught by Professor Koppel during the Fall '08 term at University of Ottawa.
- Fall '08