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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 970 |
Essay's paper body
Obviously, this practice was good not for shareholders' but for managers' own interests.
? Abused the company's resources
When the company faced the hostile takeover offer from SCI, the management adopted lucrative severance packages, or " golden parachutes," for more than 70 of its senior executives...
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Though the interests of the be taken care of by the company in this situation, however, to grant so generous severance packages to so many executives at a time would provoke the public to doubt if the management abused the company's resources to satisfy its own interests.
? Adopted a risky aggressive acquisition strategy
Loewen adopted a risky aggressive acquisition strategy to speed up its rapid development...
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General points of the essay
A company is the property of shareholders, is an exploded myth
A company is the property of the shareholders is an exploded myth
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