Stern Mba Essays - Finance, Master Of Business Administration

Stern Mba Essays - Finance, Master Of Business Administration Stern Mba I like options, I like security, and I like power. With these wants, I knew at a very early age that I would enter business and thus I attended a college that specializes in the subject. In my first position out of school, I was hired by Dunhill Equities as a cold-caller. After several weeks of being hung up on by angry prospects, I decided that this career path would not lead me to success. I then moved within the firm to a position as sales assistant. While this was by no means my dream job, I learned a tremendous amount about business, and I gained useful exposure to the world of finance. Unfortunately, the company hit a period of instability, and after ten months I transferred with my boss to Coleman & Company. Thirteen months later, that company also began to fail, and I began to search for another path to advancement. With two strikes against me, I hit a home run and was hired by Sanford Bernstein into a challenging job with limitless opportunity for growth. After almost three years at Bernstein, I am once again seeking career advancement. My education and work experience have provided me with an excellent introduction to business, and they have sparked my interest in finance. Taking into consideration my foundation and my interests, graduate business school is the next logical step. At this point in my life, I consider a Stern MBA to be necessary since I need to gain a broader understanding of finance and to sharpen my analytical skills in order to be successful in corporate finance. Stern s MBA program will allow me to concentrate in finance, strengthen my global business perspective, and provide me with the opportunity to study with and learn from people with varied backgrounds. The school s location in the financial capital of the world and in one of the most diverse cities in the world also suits me perfectly. Aside from advancing my career, I would also like to develop personally. In college I did not join many clubs or organizations, and I did not participate in sports. Instead, I spent all my time studying, working, or dealing with family issues. Having been away from home and living in New York City for four years, I feel the need to make a name for myself and to develop a meaningful social life. I want to take advantage of the many benefits that extracurricular activities offer, and I want to be involved in the Stern community. Upon graduation from the Stern School, I will seek a position as an associate within the corporate finance department of a large, Wall Street, investment-banking firm. In three to five years, once I have become adept in financial analyses, drafting prospectuses, preparing business presentations and other financial advisory work, I will move into a senior associate position. Here I will develop my abilities to anticipate client needs and to engineer solutions that address these needs. In approximately 10 years, I will have the experience necessary to take on upper-level management responsibilities.

Expressing Preferences with Would Rather

Expressing Preferences with Would Rather Both  would rather and would prefer  are  used to express preferences in English.  Here are some examples of short conversations that use would rather  and would prefer  to either state or ask for a preference. John: Lets go out tonight.Mary: Thats a good idea.John: How about going to a film? Theres a new film out with Tom Hanks.Mary: Id rather go out for dinner. Im hungry!John: Okay. Which restaurant would you prefer?Mary: Id prefer to eat at Johnnys. They serve great steaks. Sue: Im not sure which topic to choose for my essay.Debby: Well, what are your choices?Sue: I can write about the economy or about a book.Debby: Which would you rather write about?Sue: Id prefer to write about a book.Debby: How about Moby Dick?Sue: No, Id rather write about Timothys Gift. Would Rather - Structure Use  would rather  plus the simple form of the verb. Its common to use would rather in the shortened Id rather form in positive statements. Use  Would rather  to refer to the present moment or a future moment in time. Here are the structures: Positive Subject would rather (d rather) verb Peterd rather spend time on the beach.I would rather learn a new language than study math. Question Would subject rather verb   Would you rather stay at home?Would they rather do homework tomorrow morning? Negative Subject would rather (d rather)   not   verb   Shed rather not go to class today.Id rather not answer that question. Would Rather Than Would rather is often used with than  when making a choice between two specific actions: Would you rather eat dinner out than cook dinner tonight?She would rather play tennis than go horseback riding. Would Rather Or Would rather  can also be used to ask for a choice between two with the conjunction  or: Would you rather eat here or go out?Would you rather study or watch TV? Would Rather Someone Do Would rather is also used to express what one person prefers another person would do. The structure is similar to the unreal conditional because it expresses an imaginary wish. However, the form is also used to ask a polite question. S would rather Person past verb   Tom would rather Mary bought an SUV.Would you rather she stayed here with us? Positive Subject would rather (d rather) object past tense I would rather my son worked in finance.Susan would rather Peter took a plane. Question Would subject rather object past tense Would you rather her sister flew home tomorrow?Would you rather he came with us to the meeting? Would Prefer Its also possible to use  would prefer  instead of  would rather  to speak about present preferences.  In this case, follow prefer by the infinitive form of the verb: Positive Subject would prefer (d prefer) infinitive (to do) Jennifer would prefer to stay at home tonight.The teacherd prefer to have the test next week. Question Would subject prefer   infinitive (to do) Would you prefer to go out for dinner tonight?Would they prefer to stay in New York for the week? Expressing Preferences with Prefer Use the simple present with  prefer  to express general preferences between people, places or objects. Use the preposition  to  to state your preference: Positive Subject prefer   object to object She prefers coffee to tea.  I prefer summer vacations to winter vacations.   Question Do subject prefer   Ã‚  object to object Do you prefer wine to beer?Does she prefer New York to Chicago? When stating preferences for activities, use  prefer  followed by either the gerund or the infinitive form of the verb:   Positive Subject prefer  Ã‚  to do / doing object My friend prefers to finish his chores early in the morning.  Jack prefers doing his homework at home to doing it in the library. Question Do subject prefer   to do / doing object When do you prefer staying at home to going out at night?Does she prefer to eat in restaurants? Preferences Quiz I Fill in the gap with the correct form of the verb (do, to do, doing, did): Jenniferd rather _____ (stay) home for dinner tonight.I think Id prefer _______ (play) chess  today.Would you rather I _____ (leave) you alone?Id rather the students _____ (study) for their test.Peter prefers _____ (relax) at home on the weekend. Preferences Quiz II Fill in the gap with  to, than, or: Do you prefer coffee _____ tea?I think Id prefer _____ drive to California.  Would you rather go to the club _____ go to the beach? (asking for a choice)Hed rather work all day _____ go to the beach! (make a specific choice)My friend prefers Japanese food _____ American food. Quiz Answers Quiz I stayto play  leftstudyrelaxing / to relax Quiz II totoorthanto

The Confidence In Of International Brands Dissertation

The Confidence In Of International Brands - Dissertation Example Figure 2: Age distribution in Saudi Arabia (male and female combined). Data sourced from Central Intelligence Agency The Saudi Fashion Market Western brands are very common in Saudi Arabia. Growth in franchising has been estimated at 27% in the Middle East in general, and in Saudi Arabia more than 70% of all franchised operations are American owned. Fashion from UK, Europe and the USA are all experiencing strong growth in the Saudi market, especially in the area of female fashion. While UK fashion initially had a strong hold over the market, there is now increasing trends towards US brands such as Gap, Gucci and Louis Vitton . The fashion market in Saudi is very seasonally based, with sales following religious holidays as well as the seasons. With the relatively young population, there is large potential for the fashion market. The habits of the nation are changing to become more in line with Western culture, a trend that is especially strong in the younger generation. Women are leav ing their traditional roles and many going into work. These trends are driving the boom in the fashion industry . Despite the fact that women wear the Abaya over their clothes, a traditional black dress that covers them, they often wear western clothing underneath . In addition there is a trend of fashion designers producing colored Abayas that are popular, especially for the younger generation. Teenage girls and young adult females have developed ways of wearing their Abayas that reveal their western clothing underneath, such as leaving the front wide open, or tying the edge around their waists, so their tight western jeans can be seen . There are also many different styles and cuts of Abayas and... While malls in Saudi Arabia resemble the western style of malls in many ways, but there is also strong evidence of the strict religious and cultural guidelines that are in place. Images on the front of music CDs are often censored, such as the sleeveless dress that Celine Dion wears on the front of one of her albums was replaced with a black shawl. Other differences are also noticeable, male and female Saudis are only able to work together in hospitals, so all sales people on the mall’s mixed floors are male foreign workers. At McDonald's the women must eat in a separate walled off section, while men eat in the open. The country has large segregation between men and women, so much so that paranoia about men hiding in dressing rooms has resulted in the absence of any dressing rooms in malls. The Kingdom Centre in Riyadh is attempting to turn this into a business advantage rather than a logistical hassle. They offer a female only floor, where all staff and security are female an d females are free to walk around in western style clothing, checking in their Abayas if they wish). Both products and sales are advertised in a wide number of ways, similar to in the western market. Internet advertisements are common, especially with the increasing use of the internet. Blogging has become a popular means of expressing the opinion, especially as media is tightly controlled. Because of this, flash and static advertising are common through blogging sites, although these are mainly for fashion stores in general.

Coefficient of thermal expansion ( CTE) laboratory Coursework

Coefficient of thermal expansion ( CTE) laboratory - Coursework Example Coefficient of linear thermal expansion (CET), denoted by ÃŽ ±, is indicative of how much a material will expand when heated. This expansion occurs as a result of increased vibrations of atoms owing of enhanced kinetic energy gained from the heat source. Consequently, the inter-atomic distance increases which ultimately causes the material to linearly expand. CET is an inherent property of material and plays a significant role during material selection phase for fabrication jobs especially where high precision and accuracy is required over large thermal gradients. Following table outline the consolidated results of the experiment. CTE using formula has also been calculated for each reading. Sample calculations are given thereafter. A graph for Extension (mm) against Temperature (oC) has also been plotted. 2) The large error in Aluminum up to 15558% is primarily due to human error. The readings may have not been noted accurately or the decimal place not marked in correct location. Systematic error can safely be ruled out since CTE of steel and brass and within acceptable error of 5.2% and 7.7% respectively 3) The slight error can be attributed to bias in noting down the temperature reading and extension precisely at the same time. Moreover, non-uniform heating, improper contact of temperature element and creep within the specimen due to multiple thermal cycles over time may have contributed to the variance in CTE. A dial gage itself is not an accurate device and electronic stain gages for measurement of extension can give more accurate results. The results comply with the values taken from ASTM Handbook for metals for both steel and brass. Readings for Aluminum must be verified since the large error can only be attributed to human fault. For per degree rise in temperature, aluminum expands most followed by brass and then steel. ASM International. "Thermal Expansion, Thermal Properties of Metals (#06702G)." ASME

Unemployment in Hong Kong :: Economics, Unemployment Essays

Introduction The unemployment rate became a hot topic in the past few months when it rose to 3.5 per cent, a recent high for almost 10 years. The jobless rate was higher than the 3.2 per cent unemployment rate recorded in the May to July period. The underemployment rate in the June to August period rose to 2.5 per cent from 2.3 per cent in the May to July period. Until recently, most workers who lost their jobs were from the manufacturing sector. They were middle-aged factory workers with few skills and little education. But in recent months a large number of employees have been laid off in the retail and restaurant businesses. Unemployment has spilled over to the service sector from manufacturing sector. Hong Kong is facing a prolonged economic downturn. The high unemployment rate has raised many social and economic problems. For example, the number of people who commit suicide is increased. It is because more people had lost their jobs for a long time. It is a serious threat to the lives of the poor. The unemployed people may also feel that it is unmeaningful to live. As a result, they will commit suicide to solve the problem. Moreover, the high unemployment rate results in the increase of the rate of crime. There was an unemployed man who stole rice because he was too hungry and he did not have money to even buy food! We can know how serious the unemployment rate is. By the way, higher unemployment rate causes lower purchasing power of people. A lot of kinds of business are affected. Many people lose confidence in economics of Hong Kong. They do not believe unemployment will be improved. Some say that the Government should provide immediate assistance for the jobless. Some also say unemployment is due to the attraction of cheap labor across the border. The Government can no longer play the role of a bystander. All of these above show the influence of the unemployment. In spite of how many people who have talked about the topic of unemployment, everyone will be concerned about this topic. The following sections will analyze this hot topic. Reasons for unemployment in Hong Kong 1. Faster growth in total labor supply relative to that of total employment In 1993 and 1994, the increase in Hong Kong labor force is 2.9% and 3.5% respectively. At the end of 1993, the total labour supply is 2 970 000. Change in the total labour supply is determined by the population growth, total employment and the emigration condition. If the population growth and the total

Greenmail & firing employees Essay

The term is a greenmail is formed by combining the terms greenback and blackmail, invented by journalists and commentators who saw the practices of corporate raiders as a form of blackmail. The target company is financially held hostage, and is legally forced to pay the greenmailer to go away. Greenmailing is a variation on the corporate raid or hostile takeover. The greenmailer commonly targets a publicly traded company that is cash rich but often undervalued, with large assets and possibly a solid customer base. Other targets are companies that are simply inefficient. The greenmailer isn’t really interested in the business of the company. It doesn’t want to own the company, improve it, or further build it up. It will, if forced to acquire the target, sell its parts off piecemeal, which can bring a greater profit than selling the whole target. This is called asset stripping and involves replacing management and firing employees. Greenmail proved lucrative for investors such as T. Boone Pickens and Sir James Goldsmith during the 1980s. In the latter example, Goldsmith made $90 million from the Goodyear Tire and Rubber Company in the 1980s in this manner. Occidental Petroleum paid greenmail to David Murdoch in 1984. However, if a proper greenmail occurs, the greenmailer merely secures a significant stake in the target company. The greenmailer can offer to end the threat to the target company by selling its share back at a substantial premium. The target or â€Å"mark† can also go private with the same results: a profit to the greenmailer. The greenmailer gets away with no oversight, low overhead, and its profits. The target is left poorer and without the assets that attracted the raid in the beginning. A company which agrees to buy back the bidder’s stock position avoids being taken over. In return, the bidder agrees to abandon the takeover attempt and may sign a confidential agreement with the â€Å"greenmailer† who will agree not to resume the maneuver for a period of time. Greenmail is a corporate defense mechanism to buy back shares from shareholders attempting to control the firm. The practice has many critics but it can result to potential windfall for the company by protecting company shares from low takeovr bids and gives the firm the opportunity to restructure management. While benefiting the â€Å"greenmailer†, the company loses capital and other assets. This hamstrings its future growth potential. This means the shareholders lose as well in addition to impacting the supplier and customers economically linked to the company. Generally the company’s existing management may remain in place but the employees usually see their ranks reduced. Courts in states such as Calfornia have favored shareholder lawsuits, based on the contention that greenmailer constituted a breach of fiduciary responsibility. Greenmail is arguably counter productive because once such a payment becomes public others may feign a takeover attempt. Greenmail is money paid by a company (or allied company or individual) to acquire its own shares of stock from a shareholder who is threatening to take control of, or unwanted influence over, the company. In the parlance of the financial community, strategies to prevent a takeover are called a â€Å"Poison pill†. This implies that the corporate raider will suffer if they try to swallow the target of the takeover. This involves a myriad of arcane changes in the details of corporate ownership structure, investment market rules, and may involve legal requirement in the jurisdiction where the company is incorporated. Individual states may pass â€Å"protectionist† laws that impose limits for launching formal bids, or obligations to seek shareholder approval for the buyback of its own shares, and in Federal tax treatment of greenmail gains have all made greenmail far less common since the early 1990s. Heckmann et al. v. Ahmanson trial in July 1989. This was one of the final cases involving the payment of †greenmail†. Greenmail is slang for targeted share repurchases – transactions in which a company repurchases shares from specific holders, rather than on the open market. In the 1980s, it was not uncommon for companies to pay greenmail to large investors who were challenging corporate management and threatening a takeover of the firm. In this case, Disney had paid a premium price to repurchase shares accumulated by Saul Steinberg’s Reliance Group. Working with attorney Michael Hennigan, I explained to the jury how this could damage Disney’s other shareholders and to estimate the amount of the damage. Following my direct examination, as Arthur Liman was standing to begin his cross, the judge decided recess the trial early for the July 4th holiday. During the recess, the case settled. It was the only greenmail case in which plaintiffs received a cash settlement.

Diagnostic Paper on Joan Crawford - 2376 Words

Diagnostic Paper on Joan Crawford Abnormal Psychology Dr. Lewis Ethical Disclaimer In writing this, I am attempting to demonstrate an awareness of ethical practice. In preparation of writing this paper, I have researched information on the famous person indicated in an effort to make an attempt at providing a possible diagnosis of a psychological condition for which two theoretical orientations will be evaluated and used to support what is only an opinion. I am in no way qualified to give a diagnosis for the people mentioned within this document as it is a document written to demonstrate an understanding of educational material as it relates to the field of psychology. Any information mentioned with regard to the mental condition†¦show more content†¦In consideration of some of Crawford’s early childhood occurrences, it may be possible to speculate on the etiology and possible diagnosis for conditions that Mrs. Crawford might have been suffering throughout her life. Joan Crawford was born at the turn of the century as Lucille Fay LeSueur in San Antonio, Texas to a single mother as Joan’s father left the family shortly before her birth (â€Å"American Legends,† 2013). Though there are claims that her actual birthdate was before 1908, the date printed at the place of her interment reads as 1908-1977. For Hollywood starlets, lying about age might elongate audience and industry interest especially in regard to women, therefore it is easy to understand why the relentlessly ambitious and accomplished actress might have felt compelled to be untruthful over the years. Crawford had to climb her way to the top never having a moment to assess all the obstacles with which she would face throughout her life though, according to her, she would never have accepted professional assessment during her life as she explains to talk show host David Frost, â€Å"I have never had to go to a psychologist or psychiatrist because I feel if you have an ounce of good sense and one good friend, you’ll never have to go to a psychiatrist† (The David Frost Show, 1970). With attention to the enormous influence of the Roaring Twenties, Joan Crawford certainly embodied the newfound independence, freedom, andShow MoreRelatedManagement Course: Mba−10 General Management215330 Words   |  862 PagesEdition Jones−George Driving Shareholder Value Morin−Jarrell Leadership, Fifth Edition Hughes−Ginnett−Curphy The Art of M A: Merger/Acquisitions/Buyout Guide, Third Edition Reed−Lajoux and others . . . This book was printed on recycled paper. Management http://www.mhhe.com/primis/online/ Copyright  ©2005 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publicationRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesYork—Buffalo Savannah Clay, Central Piedmont Community College David Connelly, Western Illinois State University Jeffrey Conte, San Diego State University Jane Crabtree, Benedictine University Suzanne Crampton, Grand Valley State University Douglas Crawford, Wilson College Michael Cruz, San Jose State University Robert Cyr, Northwestern University Evelyn Dadzie, Clark Atlanta University Joseph Daly, Appalachian State University Denise Daniels, Seattle Pacific University Marie Dasborough, Oklahoma State