Annual Reports for U.S. Listed Companies
Over the last several years, the way U.S. listed companies disclose financial information about executive / director benefits has changed dramatically. This is because of various scandals: surrounding executive compensation, benefits and stock options. Where, numerous abuses have caused regulators and investors to scrutinize different compensation packages. This has lead to a shift in the way companies will disclose information pertaining to salaries, bonuses and other forms of compensation. To fully understand what is taking place requires examining two publically traded companies and examining their executive / director compensation policies. This will be accomplished by looking at the 2009 annual reports / proxy statements for Nike and Cisco Systems. Once this takes place, it will provide the greatest insights as to how executive and director compensation packages are evolving.
Nike
To account for various forms of executive and director compensation, Nike will disclose this information in the 2009 Proxy Statement. Inside the report, it contains a number of different elements that are outlining financial related compensation to include: grants-based physical awards, outstanding equity awards, options that were exercised, equity compensation plans, non-qualified compensation plans and potential payments upon termination. These different areas are important, because they provide shareholders with a total view of the overall levels of compensation and how they are changing. A good...
shares (which can only be purchased by foreign investors in foreign currencies (Cao 2000). In addition, Chinese law classifies shares by reference to the status of the shareholders: state shares, legal person shares, and individual shares. State shares are purchased with state assets by governmental departments and usually constitute fifty percent or more of all issued shares, which means that the state is a majority shareholder in most instances.
U.S. Automotive Industry Chosen industry: automotive industry is the focus of this analysis. More emphasizes are made on the large -- scale automobile manufacturers. This is because of the inherently interesting industry as a result it being competitive and projected to go through a major restructuring due to globalization in the near days to come. The issue of decreasing oil reserves is the other reason that is going to trigger this
Annual Report There are several sections to the 2012 Amazon Annual Report. The first five pages after the cover page consist of a letter to the shareholders, followed by a reprint of the 1997 letter to the shareholders. The rest of the annual report consists of the 10-K. The main sections of the 10-K are the descriptive Part I (business description, risk factors, etc.), the financial Part II (financial statements, notes,
" (2007. p. 46) Guay also states that a consequence of "increased international trade is a corresponding increase in demand for commodities." (2007, p. 46) Guay writes that companies that are producers for civilian and military markets "are susceptible to increased global competition on the civilian side, even as the military side of their business may be fairly protected." (2007, p. 46) These firms may be forced to restructure which
With Domino's UK, the company has in its annual report and in its press releases outlined its future expansion plans. There are figures readily available with respect to trends in its same store growth and with respect to its dividend policy. All of these factors should, in theory at least, be included in the current share price. The first step in valuing the company will be to ensure that
Investors, however, are likely to see through these changes. The company's turnaround is striking, but many of the changes are listed in the annual report, the depreciation change in particular. The listing of that change on the statements was undoubtedly mandated by law, but the other changes were buried a little bit more. However, the investment community can reasonably determine that increasing payables is a sign of the company remaining
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