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company's and board
This foray into government policy making, however, ended in a new currency crisis that December and the failure ( compounded by the company's lackluster business performance ) resulted in Born's 1991 ouster from the board ; he was replaced by Chief Operations Officer Octavio Caraballo.
In large public companies, the board tends to exercise more of a supervisory role, and individual responsibility and management tends to be delegated downward to individual professional executives ( such as a finance director or a marketing director ) who deal with particular areas of the company's affairs.
According to the Corporate Library's study, the average size of publicly traded company's board is 9. 2 members, and most boards range from 3 to 31 members.
Sergio Danguillecourt, a member of the board of directors of Bacardi Ltd and a great-great-grandson of the rum company's founder Don Facund Bacardí i Massó, and his wife Jacqueline Kriz Danguillecourt were on board.
The European Company Regulation is complemented by an Employee Involvement Directive which sets rules for participation by employees on the company's board of directors.
Whether a purchase is perceived as being a " friendly " one or a " hostile " depends significantly on how the proposed acquisition is communicated to and perceived by the target company's board of directors, employees and shareholders.
Several NeXT executives replaced their Apple counterparts when Steve Jobs restructured the company's board of directors.
Allen officially resigned from his position on the Microsoft board in November 2000 but was asked to consult as a senior strategy advisor to the company's executives.
In 1915, Olds relinquished the title of general manager to his protégé Richard H. Scott and eight years later he ended his tenure as the company's presidency as well, retaining the position of chairman of the board.
France Telecom proposed a 33 billion Euro acquisition offer for TeliaSonera on 5 June 2008, which was promptly rejected by the company's board.
Examples include an organized society's or company's board of directors and government agency boards like a board of education.
On July 17, 2007, The Wall Street Journal, a unit of Dow Jones, reported that the company and News Corporation had agreed in principle on a US $ 5 billion takeover, that the offer would be put to the full Dow Jones board on the same evening in New York, and that the offer valued the company at 70 % more than the company's market value.
Company renamed Lockheed Aircraft Corporation, recognizing the company's reorganization under a board of directors.
Before a bidder makes an offer for another company, it usually first informs the company's board of directors.
A takeover is considered " hostile " if the target company's board rejects the offer, but the bidder continues to pursue it, or the bidder makes the offer directly after having announced its firm intention to make an offer.
If the board of the target cooperates, the bidder can conduct extensive due diligence into the affairs of the target company, providing the bidder with a comprehensive analysis of the target company's finances.
An individual or organization, sometimes known as corporate raider, can purchase a large fraction of the company's stock and, in doing so, get enough votes to replace the board of directors and the CEO.
Repeatedly rejected by the company's board and management, Perelman continued press forward with a hostile takeover raising his offer from an initial bid of $ 47. 50 per share until it reached $ 53. 00 per share.
Barrett was elected to Intel's board of directors in 1992 and was named the company's chief operating officer in 1993.
In 2008, the company was the target of a proxy fight launched by Pinnacle Fund (" Pinnacle ") and Red Oak Partners, managed by David Sandberg, who initially proposed a slate of 6 directors to replace the company's board.
Typically equity holders receive voting rights, meaning that they can vote on candidates for the board of directors ( shown on a proxy statement received by the investor ) as well as certain major transactions, and residual rights, meaning that they share the company's profits, as well as recover some of the company's assets in the event that it folds, although they generally have the lowest priority in recovering their investment.

company's and directors
In the United States and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors and any beneficial owners of more than ten percent of a class of the company's equity securities.
As well as their names and addresses, the company's directors must give their date of birth, occupation and details of other directorships they have held within the last five years.
The directors were therefore constrained to replenish the company's liquidity by resorting to short-term financing from anticipatory loans, backed by expected revenues from home-bound fleets.
" Further questioning about this and subsequent forgeries on Waksal's part revealed that neither Landes, the chief legal officer of the company, or the company's outside directors reported Waksal's actions to proper authorities or made any moves to have Waksal removed as CEO.
While a member of the company's board of directors, Bush sold stock in Harken on the 22nd of June, 1990, shortly before the company announced substantial losses.
In 1957, James Arthur Atwood III, grandson of James S. Atwood, and the rest of the company directors decided to cease all operations resulting in the company's final closing.
On January 26, 1895, the company's board of directors officially voted to change the name to Daisy Manufacturing Company, Inc.
Meanwhile, Michael busies himself with the biggest deal of his career: He has recently bought up enough stock in International Immobiliare, an international real estate holding company known as " the world's biggest landlord ", to become its largest single shareholder, with six seats on the company's 13-member board of directors.
He accordingly became a syndic or director of the French East India Company, around which a fierce political debate revolved in the 1760s, between the company's directors and shareholders and the royal ministry over the administration and the company's autonomy.
After years of research and traveling abroad, he presented ideas for a new theme park to the company's board of directors.

company's and forced
While presenting Aida in Rio de Janeiro, Leopoldo Miguez, the locally hired conductor, reached the summit of a two-month escalating conflict with the performers due to his rather poor command of the work, to the point that the singers went on strike and forced the company's general manager to seek a substitute conductor.
However, in 1605 Isaac Le Maire was forced to leave the company after a dispute and for the next decade tried to break the company's monopoly on the trade to the East Indies.
In January 1982, due to United States Securities and Exchange Commission questions about the company's viability, the company was forced to cancel the stock issue for the holding company that DeLorean had hoped would raise about $ 27 million.
He was ultimately forced out of Apple in 1993 as the company's margins eroded, sales diminished and stock declined.
The effect of such ratings triggers, however, can be devastating: under a worst-case scenario, once the company's debt is downgraded by a CRA, the company's loans become due in full ; since the troubled company likely is incapable of paying all of these loans in full at once, it is forced into bankruptcy ( a so-called " death spiral ").
The company's American credit operation, MMCA, was eventually forced to make a US $ 454 million provision against its 2003 accounts as a result of these losses.
By 1981 due to regulation, the company was forced to de-merge, however they resumed their alliance in 1993 as Yorkshire-Tyne Tees Television, which therefore owned the two franchises and integrated the two company's assets more than its predecessor.
The company's CEO claims Smurfit-Stone was forced to file bankruptcy because of higher operations costs, burdensome debt levels from prior corporate mergers, and weakened demand for packaging caused by a global economic recession.
On March 22, 1966, GM President James Roche was forced to appear before a United States Senate subcommittee, and to apologize to Nader for the company's campaign of harassment and intimidation.
Cash flow problems caused by Ewart Abner's tapping the company treasury to cover personal gambling debts led to the company's active demise ; Vee-Jay had been forced to temporarily cease operations in the second half of 1963, leading to royalty disputes with the Four Seasons and EMI.
In the event, Lord Thomson was forced by the ITA to reduce his stake in the station from 80 % to 25 %, effectively ending the company's standing as a subsidiary of the Thomson Group.
However, at the same time, various factions within TSR with different visions of the company's future caused a power struggle, and Gygax was forced out on December 31, 1985.
In 2001, Halliburton was forced to settle the asbestos lawsuits that it acquired as a result of purchasing Dresser, causing the company's stock price to fall by eighty percent in just over a year.
Florio served on the board of directors of Trump Entertainment Resorts until he and other board members were forced to resign following the company's entry into its third bankruptcy.
Yet another famous townsman was Emil Herz, a publisher at the Ullstein-Verlag ( until the Nazis forced him out as the company's director in 1934, after he had worked there for 30 years ), who described in his book something of Jewish life in Warburg.
KV Mechelen seemed to be on its way to becoming one of the top clubs in Belgium, but quickly declined when their chairman Cordier ( who owned the rights to most of their players ) was forced to sell many players due to his company's bad results.
It also houses a collection of REO vehicles from the company that Ransom E. Olds created after he was forced from Oldsmobile by that company's management.
The boycott was called after the firm refused to bargain in good faith ( withdrawing previously negotiated clauses in the contract ), and forced the union into a strike, during which police sprayed pepper gas on some 800 picketers at the company's North Kingston plant in early 1982.
William F. Farley, the company's former chairman, chief executive officer, and chief operating officer was forced out prior to bankruptcy in late 1999, after having piloted the company into massive debt and unproductive business ventures, including structuring the company into an off-shore entity in the Cayman Islands to avoid taxes.
The company's problems forced the ouster of CEO John Bucksbaum, though he remained chairman of the board.
Jazz also performed in Women's Extreme Wrestling, where she won the company's World Heavyweight Championship in May 2005 in a Fatal Four M ' enage Quatro match against Angel Orsini, Mercedes Martinez, and Simply Luscious when the previous champion, Tai " Killer Weed ", was forced to relinquish the title due to an injury.
Air Europe Express was forced to halt its operations on 8 March 1991 along with its sister airlines in the ILG-controlled Airlines of Europe group as a result of its parent company's decision to put all the group's companies into administrative receivership on that day, even though Air Europe Express itself had remained profitable throughout that period.
Although Vans core shoes were selling well, the wide range of products that the company now offered had drained the company's resources and, with Vans unable to overcome its debt, the company was forced to file for bankruptcy in 1983.

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