50,962 research outputs found

    History of The Royal Court of the Golden Spike Empire up to 2013

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    Text document Page 23 of the 2013 Royal Court of the Golden Spike Empire Coronation Program. a brief historical overview of the Royal Court of the Golden Spike Empire, Utah Oldest LGBT Organization June 1976- Present. with photo Illustration of Pepper Prespentt Emperor I the first lesbian to hold a title in the International Imperial Court System. Originally Imperial Court of Utah it broke up during the 4th reign (1979-1980) after the court resigned, and became the Royal Court of the Golden Spike Empire through the support of remaining membersConverted from .png to .pdf for compatibilit

    Taxes on severance pay, corporate governance and golden handshakes

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    This paper puts forward an explanation of the rapid increase in golden handshake provision in Europe over the last ten years, based on both enhanced investor protection and attractive tax codes for severance pay. This article takes up a framework in which asymmetric information about the quality of the match between CEO and firm explains the use of golden handshakes for CEOs. It shows how corporate governance and taxation can modify the magnitude and the use of golden handshakes and thus CEO turnover rates. The second-best optimal taxation rate depends on the kind of private benefits accorded to the CEO. I show that golden handshakes should be taxed in the same way as CEO incomes. However, nonpecuniary private benefits strengten the agency cost and require some transfers for firms providing parachute-type contracts. In effect, this means partial exemption. An improvement in the quality of corporate governance should lead to smaller golden handshakes, higher turnover-performance sensitivity and the disappearance of advantageous tax codes for termination pay.CEOs turnover ; corporate governance ; golden handshakes ; optimal taxation ; severance pay.

    Golden Parachutes, Incentives, and the Cost of Debt

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    We examine the relation between the presence of golden parachutes and the cost of debt financing. We hypothesize that since golden parachutes compensate CEOs in the event of termination, CEOs with golden parachutes will have an incentive to increase firm risk and decrease effort, and this will lead to a higher cost of debt. Consistent with these hypotheses, we document a significant positive relation between the use of golden parachutes and the cost of debt. We confirm these results with a natural experiment using a difference-in-difference specification based on a 2004 change in IRS tax regulations. Moreover, we find that the adoption of a golden parachute is associated with an increase in firm risk, a higher likelihood of CEO turnover, and a lower operating performance. Overall, the evidence suggests that golden parachutes are primarily negative for the firm and for debt holders in particular.Golden parachutes, cost of debt, takeover probability, firm risk, CEO turnover

    Golden slippers

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    fiddles; guitarsCollected by James S.A. Collins Daniel I. Hall, and Thommie D. Herndon For. M.C. Parler Played by Raymond Martin and Mr. Dean Ramsey Prairie Grove, Ark. November 13, 1960 Reel 372 Item 12 Golden SlippersFunding for digitization provided by the Arkansas Humanities Council and the Happy Hollow Foundation

    On the Golden Rule of capital accumulation under endogenous longevity

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    This note derives the Golden Rule of capital accumulation in a Chakraborty-type economy, i.e. a two-period OLG economy where longevity is endogenous. It is shown that the capital per worker maximizing steady-state consumption per head is inferior to the Golden Rule capital level prevailing under exogenous longevity. We characterize also the Lifetime Golden Rule, that is, the capital per worker maximizing steady-state expected lifetime consumption per head, and show that this tends to exceed the standard Golden Rule capital level.Golden Rule ; longevity ; OLG models

    Empress I of the Royal Court of the Golden Spike Empire Deanna : The Origin of the Spike

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    Black and white Photograph of Henry Bender "Deanna" Empress I " The Origin of the Spike

    The Honorable Lee D. Baxter Courtroom Unveiling

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    Golden Gate University School of Law (GGU Law) will name its ceremonial courtroom after its alumna The Honorable Lee D. Baxter (JD 74, LLD 08), Judge (Retired), Superior Court, City and County of San Francisco, and member of the Golden Gate University Board of Trustees, in recognition of a $1-million transformative gift to the law school. Golden Gate University School of Law provided for me the means to a wonderfully satisfying and successful legal career, said Honorable Baxter. I am forever grateful. Judge Baxter\u27s generous donation will help support GGU Law\u27s nationally recognized litigation program, as well as programs that support student engagement and professional development. We deeply appreciate Judge Baxter\u27s generosity and her consistent support of the School of Law. Her gift will help us enhance our ability to support the professional success of our students and graduates -- our top priority, said GGU Law Dean, Rachel Van Cleave

    Comparing Open-Ended Choice Experiments and Experimental Auctions: An Application to Golden Rice

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    We use two different experimental valuation methods to estimate consumer demand for genetically-modified golden rice. The first is an open-ended choice experiment (OECE) where participants name the quantities of golden rice and conventional rice demanded at each of several price combinations, one of which will be randomly chosen as binding. This allows us to estimate market demand by aggregating demand across participants. This estimate of market demand also allows us to estimate own-price elasticity and consumer surplus for golden rice. Comparing willingness-to-pay (WTP) estimates from the OECE with those from a uniform-price auction, we find that OECE WTP estimates exhibit less affiliation across rounds, and the effects of positive and negative information under the OECE are more consistent with prior expectations and existing studies. We also find that while auction WTP estimates more than double across five rounds, OECE WTP estimates are stable across rounds and are always roughly equal to those from the final auction round.choice experiments, experimental auctions, golden rice, valuation

    Princess Royale IV of the Royal Court of the Golden Spike Empire Donnie Marie

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    Black and white Photograph of Donnie Marie (Herman Moore) Princess Royale I
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