Ke$a vs Li$a

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A type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings.

There are two main types of stock: common and preferred. Common stock usually entitles the owner to vote at shareholders’ meetings and to receive dividends. Preferred stock generally does not have voting rights, but has a higher claim on assets and earnings than the common shares. For example, owners of preferred stock receive dividends before common shareholders and have priority in the event that a company goes bankrupt and is liquidated.

Shares

A unit of ownership interest in a corporation or financial asset. While owning shares in a business does not mean that the shareholder has direct control over the business’s day-to-day operations, being a shareholder does entitle the possessor to an equal distribution in any profits, if any are declared in the form of dividends. The two main types of shares are common shares and preferred shares.

Acţiune

Hârtie de valoare, care reprezintă o parte anumită, fixă și dinainte stabilită, a capitalului unei societăți și care dă deținătorului dreptul să primească dividende.

(Investopedia & DEX)

The Goldman Sachs Group, Inc. is a global investment banking and securities firm which engages in investment banking, securities services, investment management and other financial services primarily with institutional clients. The firm has offices in major international financial centers and provides mergers and acquisitions advice, underwriting services, asset management and securities services to its clients, which include corporations, governments, high net worth individuals. The firm also engages in proprietary trading and deals and is a primary dealer in the United States Treasury security market.

Allegations

The SEC alleges that Goldman Sachs structured and marketed a synthetic collateralized debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). Goldman Sachs failed to disclose to investors vital information about the CDO, in particular the role that a major hedge fund played in the portfolio selection process and the fact that the hedge fund had taken a short position against the CDO.

“The product was new and complex but the deception and conflicts are old and simple,” said Robert Khuzami, Director of the Division of Enforcement. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party.”

(The Securities and Exchange Commission)

Reputation

Step back for a moment and imagine that your company is in Goldman’s position right now: Universally reviled; Accused of betting against not only its own customers but the entire economic wellbeing of the country; At the center of an international political storm (one example: the bank has become a talking point in the UK general election); So unpopular that you can’t find political support even among the most pro-business members of the opposition.

So, given that that’s your company, what do you do?

Do you go out on a limb and further expose yourself in the public eye, or do you find a way to control the damage to your firm’s image and regroup, hoping it will all blow over?

By now, it should be obvious which path Goldman Sachs has chosen. The megabank seems to be playing a game of chicken with the government — actions that, as Frank Rich pointed out this weekend—may actually be handing the government the leverage it needs to pass reform that will handicap not only Goldman, but all of its neighbors on Wall Street. Which should all but destroy any last shreds of popularity it has left even amongst its peer group.

All of that raises serious questions over the culture at the firm —something that, as has been noted many times before, comes from the top down. While there’s no doubt that the firm is a success, the image and reputation it has cultivated along the way makes it one of the least celebrated winners in history. And that’s a problem—both when it comes to retaining customers and in attracting and retaining talent over the long term.

(Phil Stott)

The Cash Cow Ad by Internaxx

What Does Cash Cow Mean?

One of the four categories (quadrants) in the BCG growth-share matrix that represents the division within a company that has a large market share within a mature industry.

The Cash Cow is a business, product or asset that, once acquired and paid off, will produce consistent cash flow over its lifespan.

A Cash Cow requires little investment capital and perennially provides positive cash flows, which can be allocated to other divisions within the corporation. These cash generators may also use their money to buy back shares on the market or pay dividends to shareholders.

This term is a metaphor for a dairy cow that produces milk over the course of its life and requires little maintenance. A dairy cow is an example of a Cash Cow, as after the initial capital outlay has been paid off, the animal continues to produce milk for many years to come.

What Does BCG Growth Share Matrix Mean?

A graphical approach to resource allocation within a multi-segmented corporation.

The growth-share matrix analyzes different divisions within a corporation and compares their growth rates and market shares with those of competitors.

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Reasoning?

“If Indiana Jones were an economist, he’d be Steven Levitt … His genius is to take a seemingly meaningless set of numbers, ferret out the telltale pattern and recognize what it means … The cherry on top of the sundae is Mr. Levitt’s co-author, Stephen Dubner, a journalist who clearly understands what he is writing about and explains it in prose that has you chuckling one minute and gasping in amazement the next.”—THE WALL STREET JOURNAL

And:

“This book is a lot like Freakonomics, but better… Levitt and Dubner have a gift for explaining precisely how a researcher discovers something. Their epilogue, on Keith Chen’s attempts to introduce currency to a monkey society, is a model of how to tell a gripping story of scientific research without compromising on accuracy.”—FINANCIAL TIMES

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