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Boardroom Coup
A boardroom coup is a sudden and often unexpected takeover or transfer of power of an organisation or company. The coup is usually performed by an individual or a small group usually from within the corporation in order to seize power. A Boardroom coup draws upon the ideas of a coup d'état in the same way that a corrupt, dysfunctional or unpopular group is pushed out of power. Examples Paramount and DuMont In 1940, Paramount Pictures took control of DuMont after failed attempts to work with other established companies in its field, including CBS, RCA and AT&T. Preceding these failures Paramount decided to obtain stocks in another television company, DuMont. After their purchase Allen DuMont, the owner of DuMont television, began to see his powers within the company flagging as Paramount now owned a large proportion of his company. Paramount with its newfound power proceeded to appoint its own directors amongst DuMont's. The company established their coup by giving crucial financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. Its four core automobile brands are Chevrolet, Buick, GMC (automobile), GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX (engines), DMAX via joint ventures. Additionally, GM also owns the BrightDrop delivery vehicle manufacturer, GM Defense, a namesake Defense vehicles division which produces military vehicles for the United States government and military; the vehicle safety, security, and information services provider OnStar; the auto parts company ACDelco, a GM Financial, namesake financial lending service; and majority ownership in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Governance
Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance” describes the processes, structures, and mechanisms that influence the control and direction of corporations." This meta definition accommodates both the narrow definitions used in specific contexts and the broader descriptions that are often presented as authoritative. The latter include: the structural definition from the Cadbury Report, which identifies corporate governance as "the system by which companies are directed and controlled" (Cadbury 1992, p. 15); and the relational-structura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workplace Politics
Workplace politics is the process and behavior that in human interactions involves power and authority. It is also a tool to assess the operational capacity and to balance diverse views of interested parties. It is also known as office politics and organizational politics. It involves the use of power and social networking within a workplace to achieve changes that benefit the individuals within it. "Organizational politics are self-serving behaviors" that "employees use to increase the probability of obtaining positive outcomes in organizations". Influence by individuals may serve personal interests without regard to their effect on the organization itself. Some of the personal advantages may include: * access to tangible assets * or intangible benefits such as status * pseudo-authority that influences the behavior of others Positive politics are behaviors that are designed to influence others with the goal of helping both the organization and the person playing the politics. Examp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buyout
In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout will often include the purchasing of the target company's outstanding debt, which is referred to as "assumed debt" by the purchaser. Non-finance usage The term may apply more generally to the purchase by one party of all of the rights of another party with respect to an ongoing transaction between the two. For example: *An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person; *A landlord may buy out the remainder of a tenant's lease, effectively paying them to vacate. *A government may buy out homes in a floodplain or other area subject to hazard. The language used by FEMA, a United States agency, is "acquisition". *In Major League Baseball, a club option is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommend ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coup D'état
A coup d'état (; French for 'stroke of state'), also known as a coup or overthrow, is a seizure and removal of a government and its powers. Typically, it is an illegal seizure of power by a political faction, politician, cult, rebel group, military, or a dictator. Many scholars consider a coup successful when the usurpers seize and hold power for at least seven days. Etymology The term comes from French ''coup d'État'', literally meaning a 'stroke of state' or 'blow of state'. In French, the word ''État'' () is capitalized when it denotes a sovereign political entity. Although the concept of a coup d'état has featured in politics since antiquity, the phrase is of relatively recent coinage.Julius Caesar's civil war, 5 January 49 BC. It did not appear within an English text before the 19th century except when used in the translation of a French source, there being no simple phrase in English to convey the contextualized idea of a 'knockout blow to the existing administratio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rangers Football Club
Rangers Football Club is a Scottish professional football club based in the Govan district of Glasgow which plays in the Scottish Premiership. Although not its official name, it is often referred to as Glasgow Rangers outside Scotland. The fourth-oldest football club in Scotland, Rangers was founded by four teenage boys as they walked through West End Park (now Kelvingrove Park) in March 1872 where they discussed the idea of forming a football club, and played its first match against the now defunct Callander at the Fleshers' Haugh area of Glasgow Green in May of the same year. Rangers' home ground, Ibrox Stadium, designed by stadium architect Archibald Leitch and opened in 1929, is a Category B listed building and the third-largest football stadium in Scotland. The club has always played in royal blue shirts. Rangers is the most successful club in Scottish football. The club has won the Scottish League title a record 55 times, the Scottish Cup 34 times, the Scottish League Cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Stempel
Robert Carl Stempel (July 15, 1933 – May 7, 2011) was chairman and CEO of General Motors (GM) from August1990 to November1992. He joined GM in 1958 as a design engineer at Oldsmobile and was key in the development of the front-wheel drive Toronado. He was also involved with the team that created the first catalytic converter. Background and personal life Stempel was born July 15, 1933 in Trenton, New Jersey to Carl (a banker) and Eleanor Stempel. He was one of four children. His brother Jack worked in aerospace, brother Ted was a teacher, and a sister, Dorothy, was a social worker. He graduated from Bloomfield High School in New Jersey in 1951. During his teen years, he worked as a mechanic in Bloomfield, New Jersey to earn his college tuition by fixing his fellow students' cars. He received a bachelor of science degree in mechanical engineering from Worcester Polytechnic Institute in 1955 where he had been a tackle on the football team. He attended night classes and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Sculley
John Sculley III (born April 6, 1939) is an American businessman, entrepreneur and investor in high-tech startups. Sculley was vice-president (1970–1977) and president of PepsiCo (1977–1983), until he became chief executive officer (CEO) of Apple Inc. on April 8, 1983, a position he held until leaving in 1993. In May 1987, Sculley was named Silicon Valley's top-paid executive, with an annual salary of US$10.2 million. Sales at Apple increased from $800 million to $8 billion under Sculley's management, although many attribute his success to Sculley joining the company just when Steve Jobs' visions and Steve Wozniak's creations had become highly lucrative. His stint at Apple remains controversial due to his departure from co-founder Steve Jobs's sales structure, particularly regarding Sculley's decision to compete with IBM in selling computers to the same types of customers. Others say that the "two clashed over management styles and priorities, Jobs focusing on future in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
