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Nancy Reagan Defense
The Nancy Reagan defense is a tactic in corporate finance used to counter a takeover or merger bidder who has made a formal bid to shareholders to buy their shares. When the board of directors of the target company meets to consider the bid, they " just say no." For example, in a discussion of a takeover of the Walt Disney Company by Comcast, analyst Andy Kessler on Wall Street Week stated "there are two great Wall Street defenses. One is the Nancy Reagan defense and the other is the Pac-Man defense, right? And the Nancy Reagan defense is, just say no." An early use of the term referred to NCR's takeover defense against AT&T in 1991. The term refers to the " Just Say No" anti-drug campaign of the early 1980s and repeated by former United States First Lady Nancy Reagan advocating abstinence from recreational drug use Recreational drug use indicates the use of one or more psychoactive drugs to induce an altered state of consciousness either for pleasure or for some other cas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Finance
Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase shareholder value. Correspondingly, corporate finance comprises two main sub-disciplines. Capital budgeting is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term operating balance of current assets and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers). The terms corporate finance and corporate financier ar ... [...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 recomm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Just Say No
"Just Say No" was an advertising campaign prevalent during the 1980s and early 1990s as a part of the U.S.-led war on drugs, aiming to discourage children from engaging in illegal recreational drug use by offering various ways of saying ''no''. The slogan was created and championed by Nancy Reagan during her husband's presidency. Initiation The campaign emerged from a substance abuse prevention program supported by the National Institutes of Health, pioneered in the 1970s by University of Houston Social Psychology Professor Richard I. Evans. Evans promoted a social inoculation model, which included teaching student skills to resist peer pressure and other social influences. The campaign involved University projects done by students across the nation. Jordan Zimmerman, then a student at University of South Florida, and later an advertising entrepreneur,Zimmerman, Jordan (2015-01-25). Who Is Jordan Zimmerman? Blog, 25 January 2015. Retrieved from http://www.jzleadingfearlessly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walt Disney Company
The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986. Early on, the company established itself as a leader in the animation industry, with the creation of the widely popular character Mickey Mouse, who is the company's mascot, and the start of animated films. After becoming a major success by the early 1940s, the company started to diversify into live-action films, television, and theme parks in the 1950s. Following Walt's death in 1966, the company's profits began to decline, especially in the animation division. Once Disney's shareholders voted in Michael Eisner as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comcast
Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),Before the AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not the parent company (seeBloomberg profile on Comcast Holdings Corporation. Technically, the current parent company was founded December 7, 2001 as CAB Holdings Corporation, which changed its name to AT&T Comcast Corporation before finally taking on the Comcast Corporation name (seeNov 2002 8K/A Form anNov 2002 S-4) headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Week
''Bloomberg Wall Street Week'' (''WSW''), is an investment news and information TV program airing Friday nights on the Bloomberg Television. The original weekly show hosted by Louis Rukeyser aired each Friday evening on PBS in the United States from November 20, 1970, to 2005. The program features a host (or hosts) and guest experts participating in discussions related to the financial markets. The original show, which was created by Anne Truax Darlington and produced by Maryland Public Television (MPT), debuted on the entire PBS network on November 20, 1970, and was officially titled ''Wall $treet Week with Louis Rukeyser'' (''W$W'') during the 32 years he hosted from November 20, 1970, to March 22, 2002 (the "S" in "Street" was rendered and officially titled in television listings with a dollar sign). In June 2002, the show was modified, dropping Rukeyser and changing the name to ''Wall Street Week with Fortune''. Rukeyser went on to host ''Louis Rukeyser's Wall Street'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pac-Man Defense
The Pac-Man defense is a defensive business strategy used to stave off a hostile takeover, in which a company that is threatened with a hostile takeover "turns the tables" by attempting to acquire its would-be buyer. The name refers to Pac-Man, a video game in which the protagonist is at first chased around a maze of dots by 4 ghosts. However, after eating a " Power Pellet" dot, he is able to chase and devour the ghosts. The term (though not the technique) was coined by buyout guru Bruce Wasserstein. Examples United States A major example in U.S. corporate history is the attempted hostile takeover of Martin Marietta by Bendix Corporation in 1982. In response, Martin Marietta started buying Bendix stock with the aim of assuming control over the company. Bendix persuaded Allied Corporation to act as a white knight, and the company was sold to Allied the same year. In 1984, U.S. Securities and Exchange Commission commissioners said that the Pac-Man defense was cause for “ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nancy Reagan
Nancy Davis Reagan (; born Anne Frances Robbins; July 6, 1921 – March 6, 2016) was an American film actress and First Lady of the United States from 1981 to 1989. She was the second wife of president Ronald Reagan. Reagan was born in New York City. After her parents separated, she lived in Maryland with an aunt and uncle for six years. When her mother remarried in 1929, she moved to Chicago and later was adopted by her mother's second husband. As Nancy Davis, she was a Hollywood actress in the 1940s and 1950s, starring in films such as '' The Next Voice You Hear...'', '' Night into Morning'', and ''Donovan's Brain''. In 1952, she married Ronald Reagan, who was then president of the Screen Actors Guild. He had two children from his previous marriage to Jane Wyman and he and Nancy had two children together. Nancy Reagan was the first lady of California when her husband was governor from 1967 to 1975, and she began to work with the Foster Grandparents Program. Reagan becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Just Say No
"Just Say No" was an advertising campaign prevalent during the 1980s and early 1990s as a part of the U.S.-led war on drugs, aiming to discourage children from engaging in illegal recreational drug use by offering various ways of saying ''no''. The slogan was created and championed by Nancy Reagan during her husband's presidency. Initiation The campaign emerged from a substance abuse prevention program supported by the National Institutes of Health, pioneered in the 1970s by University of Houston Social Psychology Professor Richard I. Evans. Evans promoted a social inoculation model, which included teaching student skills to resist peer pressure and other social influences. The campaign involved University projects done by students across the nation. Jordan Zimmerman, then a student at University of South Florida, and later an advertising entrepreneur,Zimmerman, Jordan (2015-01-25). Who Is Jordan Zimmerman? Blog, 25 January 2015. Retrieved from http://www.jzleadingfearlessly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five major unincorporated territories, nine United States Minor Outlying Islands, Minor Outlying Islands, and 326 Indian reservations. The United States is also in Compact of Free Association, free association with three Oceania, Pacific Island Sovereign state, sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Palau, Republic of Palau. It is the world's List of countries and dependencies by area, third-largest country by both land and total area. It shares land borders Canada–United States border, with Canada to its north and Mexico–United States border, with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Lady
First lady is an unofficial title usually used for the wife, and occasionally used for the daughter or other female relative, of a non- monarchical head of state or chief executive. The term is also used to describe a woman seen to be at the top of her profession or art. The title has also been used for the wife of a head of government who is not also head of state. It has also been used to refer to the wives of the leaders of administrative divisions within a country. History It has been noted that the earliest use of the term "first lady" is in reference to person of a high ranking or outstanding person in their field, and that the term, as used to describe the spouse of the president of the United States, saw its first documented use in 1838 in reference to Martha Washington, who was never referred to as such during George Washington's time as president. The first person to have been referred to as "first lady" on a regular basis during their time in the position was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recreational Drug Use
Recreational drug use indicates the use of one or more psychoactive drugs to induce an altered state of consciousness either for pleasure or for some other casual purpose or pastime by modifying the perceptions and emotions of the user. When a psychoactive drug enters the user's body, it induces an intoxicating effect. Generally, recreational drugs are divided into three categories: depressants (drugs that induce a feeling of relaxation and calmness); stimulants (drugs that induce a sense of energy and alertness); and hallucinogens (drugs that induce perceptual distortions such as hallucination). In popular practice, recreational drug use generally is a tolerated social behaviour, rather than perceived as the medical condition of self-medication. However, heavy use of some drugs is socially stigmatized. Many people also use prescribed and controlled depressants such as opioids, as well as opiates and benzodiazepines. Common recreational drugs include caffeine, commonly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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