Ukrainian financial markets in 1998: before and after the crash.
Introduction In a situation common to many emerging markets, in 1998 equity shares in Ukrainian firms were priced low relative to potential earnings. There was reason for greater pessimism about Ukraine than about other emerging economies in Eastern Europe, both those formerly part of the Soviet Union...

Consider the Options.
Changing the way stock options are accounted for wouldn't just take a heavy bite out of corporate earnings; it could eliminate the benefit altogether. When is an option not an option? If you think this is a trick question, think again. The answer can be...

Strategic Sourcing, ESOPs, and Nonprofit Privatization.
Welcome to the brave new world of alternative sourcing approaches, including recent innovations from the Department of Defense. In April 2000, the Department of Defense (DOD) expanded its commercial activities program, designed to save $11 billion by 2005, to include the new approach of strategic sourcing as...

A guide for policies on stock ownership.
In recent years, many companies have established policies on expected levels of stock ownership for their executives. Examples include Chrysler, Gerber, Eastman Kodak, Hershey, Honeywell, and SuperValu. The policies communicate to the executives that these companies do not want them to treat their stock grants like any other element of...

Trouble brewing at Starbucks Coffee.
Chicago The fastest growing retailer of gourmet coffee in the United States is the target of a new campaign to win a living wage for Guatemalan coffee pickers. Starbucks has fueled the explosive growth of coffee bars across the country. Its emerging coffee empire stretches from Boston to...

The Resurgent Liberal (and Other Unfashionable Prophesies).
The Resurgent Liberal (and other unfashionable prophecies) Reich's hit parade of our economic follies are all on view in this lively collection of Reagan-era essays. It's a spectacle of myopia. Diapered MBAs and trembling CEOs shuffle zillions of dollars in paper while new products languish. The Pentagon devours the few...

Economics of emerging markets.
9781600218507 Economics of emerging markets. Ed. by Lado Beridze. Nova Science Publishers 2008 361 pages $129.00 Hardcover HC59 Written primarily by an international group of professors of finance, business, and economics,...

Equity and debt decoupling and empty voting II: importance and extensions.
We extend our prior work on how both supply (including the emergence of OTC equity derivatives and growth in share lending) and demand (including the growth of hedge funds) factors now facilitate the large-scale, low-cost decoupling of shareholder voting rights from shareholder economic interests. Both inside and outside shareholders,...

Securities fraud.
I. INTRODUCTION II. ELEMENTS OF THE OFFENSE A. Material Misrepresentations and Omissions 1. Misstatements and Omissions a. Entanglement Liability 2. Materiality 3. Intent a. Scienter b. Willfulness 4. In Connection With the Purchase or Sale of a Security a. Definition of "Security" i. Stocks and Notes Lacking a Profit...

Essilor: Employee Stock Issue.
CHARENTON-LE-PONT, France, November 22 /PRNewswire-FirstCall/ -- At the Extraordinary Shareholders' Meeting of May 13, 2005, Essilor International's Board of Directors was given a 26-month authorization to issue shares to members of Essilor employee stock ownership plans (22nd resolution). The maximum number of common shares authorized for issuance was set...