Massey Essays

Massey Essays Massey Essay Massey Essay The high level of debt must be reduced but due to the financial distress the company is facing most options are not feasible They should hedge their foreign currencies used in their global operations so to reduce the exchange rate risk they are currently facing Hypothetically the best option would be to reduce debt by paying the bank borrowings. Especially their short-term debt in order to ease operations and reduce liquidity risk They could also issue more equity in order to improve their DIE ratio and therefore seem more solvent to the market players Q: Describe briefly Massey capital structure in 1976. In your view, is this a good capital structure for Massey? ; Massey capital structure: debt (40% SST, LTD) to 40% equity. ; Far from optimal structure as Massey was financed by too much debt and also too much of it was short term. Even worse when taking into account the multiple risks of its business Reason: debt cheaper than equity, tax savings and helped Massey achieve the objective of rapid growth and gain world market share (really successful up to 1976). However, this resulted in more risky equity and financial distress in the end ; Mackeys financial strategy during 1 976 had higher financial leverage than its competitors. Observable from all liquidity ratios, especially coverage ratio ; During Mackeys good times, because of all the involved risks and the capital intensiveness of the industry, Massey should have taken advantage of its healthy financial position and issue more equity instead of debt, which would have been closer to its optimal capital structure.

Puerto Rico essays

Puerto Rico essays In the late 19th century, Spain monopolized and colonized many countries including Puerto Rico, Hawaii and the Philippines among others. In the same era, the native Philippinos under the guidance of their leader Aguilenaldo fought the Spanish with the help of the United States to win the War for their Independence. Stanley Karnow author and producer of the film, In Our Image portrayed the United States as expansionists through globalization. Karnow, an anit-impearlist, believed that the United States, which was once itself a colony should not empower and manipulate other people the way our forefathers, did. Captain Dewey and Alfred Mahan helped the United States to acquire foreign territory for the first time. After winning the war, Captain Mahan promoted Americans into Strategic thinking. His exposure of the war in the Philippines influenced him to write a book. His book, The Influence of Sea Power on History, gave guidance to president Roosevelt, the British, German and Japanese navies. The American government in its effort to have foreign domination and control disregarded one of the basic laws of the constitution, which specified that all men were created equally. The native Philippinos were thought of as inferior human beings by the imperialists of the Unites States who believed that it was their destiny to bring civilization to the ignorant races. The United States belief off Manifest Destiny was evident on the massacre of the indigenous people of the Philippines in 1901. The natives fought brilliantly for their independence, but lost the war to the United States that later colo nized them. The Philippines under the control of the United States was made a colony thereby excluding the natives from decision-making about their country and also deliberately deprived them of their independence. The native Philippinos became the children of the United States. The U.S colonizers whom control...

Social impact scholarship (MBA Scholarship) Essay

Social impact scholarship (MBA Scholarship) - Essay Example Such collaborations would entail addressing subjects like the flexibility of natural calamities and assessing the accomplishment of solar incentive initiatives. I would also tackle E-waste, deforestation, and global warming by fostering collaboration amongst interested youths on the internet. I would launch a worldwide initiative on the internet to motivate educators and students to partake in solving ecological problems. The initiative would work towards applying new technology towards dealing with critical ecological challenges like E-waste and deforestation. At the same time, the program would aid students in building skills in teamwork, critical thinking, and social accountability. Every phase of the online program would feature researchers with significant contributions in the form of peer-reviewed data. When educators begin a phase, they would link with teachers and students from other parts of the world. This way, teachers and students would form activities that enable them to partake in the fight against E-waste, deforestation, and global warming. My Hult MBA would help me further develop my social impact skills by growing my social impact opportunities. My Hult MBA would serve as a creative cross-industry collaborator that discloses new paths for change in my career. These paths in turn act as working insights of other industries, which would be revelations for me. Today, business paradigms are ever changing and the emerging of B-companies, modern startups, and cross-industry partnerships is adequate proof. With a Hult MBA, my career options for modern incorporation of business skills flourish permanently after graduation. A Hult MBA would integrate ecological issues that offer students like me an opportunity to develop social impact skills. My social impact skills would further develop through the improvement of my influence-making skills. Nonprofit organizations look for leadership, creative thinking,