current events fair value
What announcement did Elon Musk make August 8, 2018 and what happened to the stock price?
"Am considering taking Tesla private at $420. Funding secured." The shares jumped when they resumed trading late in the day, gaining 11% to $379.57, or about 10.7% off the $420 threshold.
What is the name of the individual "Partner-5" who blew the whistle on the kpmg scandal?
"Partner-5" is Diana Kunz, a KPMG partner in Chicago
Which of the following most accurately reflects Tesla's stock price as of 09/04/19?$420$380$330$250$220$180
$220
What was the value of WeWork at the time of the January, 2019 SoftBank investment in WeWork?
$47 billion
Per this article What is the value of WeWork in this deal increasing the SoftBank holdings in WeWork?
$8 billion
Did the change in the value of the uber stock held impact the reported earnings of paypal? What was the range of the gain or loss in the value of the stock that was reported ?
- PayPal Holdings Inc. will report a $228 million loss on investments before taxes in the third quarter, driven in large part by a bad bet on Uber Technologies Inc. just before it went public - Investment in Uber had declined 34%
The link to the above October 9, 2019 article describes the earnings impact of a change in the value of stock held by a company. Did Uber have an investment in the stock of Paypal or did Paypal have and investment in the stock of Uber?
- Paypal had investment in Uber, for $500 million at the initial public offering price
What does the article mention about differences between private companies accounting treatment of goodwill as compared to public companies treatment of goodwill?
- The accounting standard setter gave private companies the option to amortize goodwill in 2014, and offered nonprofits that option in May this year. But public companies still have no alternative and have been largely following the same rules, which since 2001 have required them to test goodwill for potential impairment each year.
Per the article, did the feedback from companies indicate that the goodwill rule is appropriate as current stated or that there is room for improvement?
- The majority of companies that provided feedback for the study said the goodwill rule has room for improvement and that the FASB's updates over the years have simplified the process. But some went further in their critiques to say that associated costs outweigh any possible benefits. While public companies have expressed grievances with the rules in the past, the board is now seriously considering addressing those concerns.
An article published 11/7/18 in the Wall Street Journal references a revised International Monetary Fund projection of Venezuela inflation rate: Instead of the past projection of a 1 million percent inflation rate, the new projection is that inflation with reach ______million percent in 2019 .
10 million
What currently is the "Forward: P/E ratio for the S&P 500 ?
17.58 for Q4 2020
The article observes that the Venezulean National Assembly says that the level of inflation improved between January 2019 and August, 2019. Per the article, what was the estimated level of inflation in January and what was the estimated level in August ?
2.6 million percent in January to 135,000% in August
Is the P/E ratio, next twelve months for the S&P 500 high or low compared to this metric from the last year.
21.45 Q4 2019
Per the article: In 2015 3G drove the merger of two companies creating one of the world's largest food companies. What two companies were merged? And what was the magnitude of the impairment write down taken in 2019 related to that merger?
3G has since stumbled — hard. Mixing Kraft and Heinz turned out to be a disastrous idea, and not just for those two companies. Kraft Heinz took a staggering $15.4-billion write-down
At what valuation did wework raise private capital earlier this year?
47b
What does the name 5G stand for and how does is compare to 4G?
5G, short for fifth-generation wireless, promises to be the heartbeat of the future. Expected to be 100 times faster than today's 4G networks
What was GE's stock price on these three dates: 10/30/19; 10/30/18; and 10/30/17
9.80, 9.74, 18.74
What does the acronym ETF stand for? Is an ETF used by "passive" or "active" investors?
A passive strategy does not have a management team making investment decisions and can be structured as an exchange-traded fund (ETF), a mutual fund, or a unit investment trust. Index funds are branded as passively managed because each has a portfolio manager replicating the index, rather than trading securities based on his or her knowledge of the risk and reward characteristics of various securities.
Per the Key Takeaways, how is "Active Management" described?
Active management is when managers actively pick investments in an effort to outperform some benchmark, usually a market index.
What does WeWork do?
American real estate co that provides shared work spaces for tech startups and services for other enterprises. Office-leasing. Purchases real estate, rents offices out. Signs long term leases for office space with landlords, then subleases the space on a short-term basis to companies
How do the rules related to testing of amortizable intangible assets for impairment impact the likelihood of a later impairment?
Amortizable intangible assets only need to considered for impairment if there is a trigger event. Next, if the sum of the undiscounted cash flows exceeds the carrying value, then no impairment exists. If the sum of the undiscounted cash flows less than the carrying value, then the amount of impairment is equal to the difference between the "present value" of the cash flows and the carrying value. However, it is important to note that intangible assets are tested as a group, not individually. Accordingly, there may be a decline in the fair value of some intangibles that is offset by increase in fair value of others leading to no impairment being recognized.
What does the article say about the percent that the current trading price is less than the analyst estimate of price assuming the alzheimer drug reaching the market and generating blockbuster sales?
Analysts at Leerink said in a note Tuesday that Biogen shares are worth $485 to $525 in a scenario with aducanumab reaching the market and generating blockbuster sales. Today's market price is more than a 40% discount to that valuation.
When does Aramco plan to begin trading as part of its IPO and what stock exchange will the shares be traded on?
Aramco is set to launch its long-delayed initial public offering this weekend and aims to begin trading on the Saudi stock market in early December, according to people familiar with the listing, the latest proposed time frame for the world's largest initial public offering.
What does the article state as the dollar amount of overall investment by SoftBankprior to the recent deal?
Bank supplied a third of the fund's total investments, and Mr. Son helps lead the fund. SoftBank accounted for about $6 billion of the earlier $9 billion investment in WeWork, with the fund accounting for the rest...
About what percentage of the company's shares would be listed on the exchange in November. At the small percentage to be listed,is this still a significant IPO in comparison with others such as the IPO of the Alibaba group?
Before the most recent delay, Aramco was expected to publish an IPO prospectus on Oct. 25 and then hold a global investor roadshow ahead of listing up to 3% of the company on the Saudi stock exchange in November, The Wall Street Journal has reported. At a $1.5 trillion valuation, a 3% listing would raise about $45 billion, larger than the $25 billion Chinese e-commerce giant Alibaba Group Holding Ltd. raised in the biggest-ever IPO five years ago.
What did the article say about weworks current anticipated valuation for its IPO?
Below 20 B
Who are the largest shareholders in KraftHeinz
Berkshire Hathaway and 3G
Has KraftHeinz taken other impairment charges in recent years?
But it's the staggering $15.4 billion impairment charge, made up of a $7.1 billion goodwill impairment in US Refrigerated and Canada Retail unit and $8.3 billion related to Kraft and Oscar Mayer intangible assets impairment
Who determines when the holders of CDS contracts must be paid?
CDS contracts pay out when a Determinations Committee of swaps traders decides that a company running into difficulty and failing to keep up with its debt obligations constitutes a so-called credit event.
Bristol-Myers Squibb will owe nearly $7 billion to investors under certain circumstances. How will the fair value of this payment be determined as part of the process of identifying the total purchase price paid?
Cash flow generated from Celgene's pipeline was a key rationale for Bristol-Myers to do the deal in the first place. Each of the three drugs seem to have the potential to eventually top $1 billion in annual sales.
The article mentions that the government has printed more currency (Bolivars) to pay costs. How fast has the quantity of Bolivars grown ?
Central-bank data show that the quantity of bolivars in Venezuela's economy rose by an average rate of 15% a week in the latter half of 2018.
Which of the following best describes the extent of Jack Ma's wealth as mentioned in the article?
China's richest person
"What is the GAAP general rule regarding ownership interest and control of a company requiring consolidation of financial statements?
Consolidation Rules Under GAAP The general rule requires consolidation of financial statements when one company's ownership interest in a business provides it with a majority of the voting power -- meaning it controls more than 50 percent of the voting shares. But even if your company's equity or voting interest is 50 percent or less, consolidation may still be required. In the absence of owning a majority of the equity, extensive contractual agreements or other business arrangements between two enterprises may be sufficient to establish the requisite control that warrants consolidating financial statements.
What is the range of value of the total company as viewed by Crown Prince Mohammed bin Salman the opinion of advisors working on the transaction?
Crown Prince Mohammed bin Salman has said he values the company at $2 trillion, but advisers working on the IPO earlier this month said investors are likely to buy in at between $1.3 trillion and $1.7 trillion.
Per the news article posted on Blackboard, who was the individual sentenced, what firm was he with, what position in the firm did he hold. What illegal activities by the firm did the "Steam the Exam" scandal involve?
David Middendorf, the former second-in-command of KPMG's U.S. audit practice, was convicted for his role in a scheme to steal the names of the firm's clients whose audits were going to be reviewed by the nation's accounting regulator.
What is each CVR holder is entitled to?
Each CVR entitles the holder to a $9 payment if Celgene can win timely Food and Drug Administration approval for three late-stage drug candidates.
What entity invited companies, auditors, investors and others to contribute comments on its current goodwill impairment model by submitting written feedback?
Financial Accounting Standards Board (FASB)
What is the significance of the reference to "Forward or next twelve months" P/E ratio as opposed to the "trailing or LTM" P/E ratio
Forward P/E uses projected EPS. Trailing P/E, meanwhile, relies on past performance by dividing the current share price by the total EPS earnings over the past 12 months. It's the most popular P/E metric because it's the most objective—assuming the company reported earnings accurately. Some investors prefer to look at the trailing P/E because they don't trust another individual's earnings estimates.However, trailing P/E also has its share of shortcomings—namely, a company's past performance doesn't signal future behavior. Investors should thus commit money based on future earnings power, not the past. The fact that the EPS number remains constant, while the stock prices fluctuate, is also a problem. If a major company event drives the stock price significantly higher or lower, the trailing P/E will be less reflective of those changes
What does Harry Markopolos state that GE is hiding and what is stated about the prospects for economic longevity of GE?
GE is hiding $29 billion in long-term care insurance liabilities
The price of Bitcoin and other cryptocurrencies has plummeted. Has Olaf Carlson-Wee lost his fortune?
He cashed out $60 million, a move that raised concerns among investors about his commitment to his own fund.
Who is Olaf Carlson-Wee Rode and what is he famous for?
He turned $14,502 into a $150 million personal fortune by going all-in on cryptocurrencies right before bitcoin became a household name. He manages Polychain's roughly $650 million flagship fund. Mr. Carlson-Wee became the first employee at Coinbase
How was the kpmg scandal uncovered?
In 2017, a KPMG partner learned from Sweet that one of her audits was on the PCAOB inspection list, and she reported the matter to her supervisor. The matter was then ultimately reported to KPMG's Office of General Counsel.
What did GE announce earlier in the year about the company's outlook for 2019 cash flow?
In July, GE raised its outlook for 2019 cash flow to a range of negative $1 billion to positive $1 billion. Spun-off Baker Hughes, a lot of restructuring, gutted dividend, cash flow increase (internal controls, more spending discipline, fewer surprise, lower than expected restructuring costs)
How do the rules related to testing of goodwill for impairment impact the likelihood of a later impairment?
In many instances, ...prior to the acquisition of a target, the fair value of a reporting unit may be significantly in excess of the carrying value. Accordingly, after an acquisition that results in goodwill placed in the reporting unit, ... a decline in the fair value of the acquired company assets may not result in the fair value of the reporting unit being below the carrying value. The preacquisition "cushion" of fair value over carrying value drives diminished likelihood of goodwill impairment.
What was General Electric's profit for the third quarter and how does the article say it compares to the profit a year earlier?
In the third quarter, GE reported a net loss attributable to common shareholders of $9.47 billion, compared with a loss of $22.8 billion a year earlier, when it booked a big charge on its power business.
WeWork is going public: 5 things to know about the office-sharing company
It has stopped using one unusual accounting metric, but is keeping others It has never made a profit and still has sizable losses, WeWork's CEO has already cashed out large sums, In some ways, WeWork is like a bank, It has some possible conflicts of interest
What did the article say about the status of SolarCity solvency prior to its acquisition?
Just weeks after the merger, SolarCity auditor Ernst & Young concluded the company lacked "sufficient cash to meet its obligations" as a stand-alone company, according to court filings unsealed Monday that include previously redacted material.In other words, SolarCity was nearly insolvent when Tesla shareholders voted to pay $2.6 billion for the solar panel maker and take on its debts, rescuing it from probable bankruptcy.
Which type of investment carrier higher costs for investors,... active investments or passive investments?
Many mutual funds are actively managed by a fund manager or team making decisions to buy and sell stocks or other securities within that fund in order to beat the market and help their investors profit. These funds usually come at a higher cost since they require a lot more time, effort, and manpower.
What does this article state about the perspectives of the FASB as compared to the perspectives of the International Accounting Rule Makers related to the rules on Goodwill amortization?
Most members of FASB want to reintroduce amortization for public companiesIASB's members are largely opposed to reintroducing the amortization of goodwill, saying it could make it harder to verify if an acquisition is working, but they are still considering changes to its goodwill rules. The board decided not to reintroduce amortization in 2017 and instead focus on improving the impairment model, but that has proven difficult.
What personnel changes have occurred at KraftHeinz recently
Mr. Knopf will be replaced next month by Paulo Basilio for CFO. Nina Barton, currently the company's top executive for Canada and digital growth initiatives, will be promoted to the new position of chief growth officer.
What relationships existed between Elon Musk and ... the founders and the board members of SolarCity?
Musk was chairman and chief executive of Tesla as well as chairman and the largest individual shareholder of SolarCity. SolarCity was founded by Musk's cousins, Lyndon and Peter Rive, who ran it and sat on its board. Musk's brother, Kimbal, is a Tesla board member and was a SolarCity board member too.Several other Tesla board members were also directly connected to SolarCity at the time, including:Brad Buss, SolarCity's chief financial officer six months before the merger was announced.Ira Ehrenpreis, a Tesla board member whose investment fund had a representative on the SolarCity board.Antonio Gracias, an early investor in both Tesla and SolarCity and a board member at both.
Are there unusual intertwined financial dealings between Adam Neumann and WeWork?
Neumann has made millions by leasing multiple properties in which he has an ownership stake back to wework.
Why is IWG relevant to the value of WeWork? WeWork Is Valued 10 Times Greater Than IWG.
Offers a similar business model. And same size footprint. Bankrupt in 2013.
What are the revenues of WeWork and What are their profits in the first half of this year?
Operational loss 1.37b and 1.57b in revs
As noted on the charts on the following slides in this Powerpoint deck what was the trading price of Bitcoin three days later, on 9/25/19, and what was the price about six years earlier on 9/30/19
Price $8,391 per chart directly below as of 9/25/19 Price $120.00 per chart directly below as of 9/30/13
What are the numerator and the denominator in the P/E ratio?
Price to earnings
Regulators and lawmakers see as a potential source of conflicts of interest?
Regulators and lawmakers are concerned that conflicts of interest could arise if an audit firm sells nonaudit services to its audit clients.
What has stimulated regulators interest in ramped up scrutiny on the audit firm sector?
Regulators have ramped up scrutiny on the sector amid concerns over the quality of audits provided by U.K. audit firms following several high-profile corporate collapses.
What does the article quote SoftBanksaying about its voting rights and control of WeWork?
SoftBank has said that it won't have the majority of voting rights or control over the company and that WeWork won't be a full subsidiary
After the completion of the deal, what percentage ownership will SoftBankhave in WeWork?
SoftBank is expected to own up to 80% of WeWork's shares, with Mr. Claure, the conglomerate's chief operating officer, heading the board
According to the Forbes article above, what was the total purchase price paid for SolarCity by Tesla, how much for the equity and how much for the liabilities assumed?
Tesla paid $2.6 billion for SolarCity, Tesla also assumed $2.93 billion of SolarCity's debt (net of cash) in the deal. So, the true purchase price was the enterprise value of $5 billion
What announcement did Elon Musk make August 27, 2018 and what happened to the stock price?
Tesla's shares fell 1.1% to $319.27 on Monday as investors digested the 17-day drama that began Aug. 7 with a shocking tweet from Mr. Musk saying he was considering taking the company private at $420 a share.
Per the article, in the past, WeWork included unusual metrics to supplement the financial statements, including one called "community adjusted EBITDA." That metric was supposed to measure net income before not only interest, taxes, depreciation, and amortization—or EBITDA— but also "building-and community-level operating expenses"
That metric was supposed to measure net income before not only interest, taxes, depreciation, and amortization—or EBITDA— but also "building-and community-level operating expenses," a category that included rent and tenancy expenses, utilities, internet, the salaries of building staff, and the cost of building amenities.
What is the next step in the process of assessing whether changes are appropriate and, if changes are appropriate, what changes should be made?
The FASB is hosting a public roundtable to discuss the feedback on Nov. 15 - Input "will help the board determine what direction it should take at this early stage of the project"
The allocation of purchase price requires identification of the total amount paid for the equity, plus the fair value of liabilities assumed. Did the filings by Disney indicate that the carrying value of Fox liabilities equaled, was less or more than fair value?
The Fox liabilities carried interest rates in excess of market rates. Accordingly, the fair value of the liabilities was viewed as exceeding the carrying values
Per this article What did the company say about its pursuit of regulatory approval for its Alzheimer's drug and how does the change from the action of the company in March, 2019?
The company said it now plans to pursue regulatory approval for aducanumab, an investigational treatment for early Alzheimer's disease. This was a shock to investors, as the company had seemingly thrown in the towel on the drug after a pair of phase 3 studies of the drug back in March.
This article indicates that the failed IPO appears to mark a turn by investors away from focus on one metric and instead shift to another in making investment decisions. What are the two metrics and which of the two does the article say investors appear to be focusing on now?
The debacle at the consciousness-elevating office-rental company appears to mark a turn by investors away from rewarding revenue to a focus on profits
What will happen to the $6 billion credit infusion if wework does not raise $3 billion in equity?
The debt deal is an all or nothing proposition: It only comes if We successfully raises $3 billion. In other words, at least $9 billion in funding will or won't materialize if an IPO happens
One Disney filing examined the Earnings per share impact of the acquisition of Fox based on the initial offer price and assessment of the allocation of purchase price. A later filing examined the revised Earnings per share impact based on the increased, higher Disney offer price. Did the increase in the purchase price directly drive the same dollar amount increase in goodwill?
The increase in offer price resulted from revised examination of the projected revenues and cash flow. Since the value of intangibles is dependent upon the overall projected revenues and cash flows of the overall entity, a significant portion of the increase in offer price was attributable to the amortizable intangible assets. Goodwill increased, but not on a dollar for dollar basis with the increased offer.
What does the article say about investment advisor' view of SoftBankaccounting treatment of WeWork liabilities?
The move lets SoftBank keep WeWork's mountain of liabilities off its books, said David Gibson, chief investment adviser at Astris Advisory. SoftBank "wants to avoid consolidation of WeWork given its debt position could potentially damage SoftBank's credit position
What important Bitcoin development is mentioned in the WSJ article dated 9/22/19
The owner of the New York Stock Exchange launched its long-delayed market for bitcoin futures Sunday
What are the GE businesses identified as experiencing adjustments that impacted net income during this third quarter? Did these adjustments increase or decrease net income? Which of the three businesses had the largest impact from charges, what was the dollar amount, and what caused the adjustment? Not discussed in the article, students to consider the question "Did the adjustments necessarily impact cash flow?
The power division, which had been GE's biggest in terms of revenue, has been at the center of financial and operational woes. The century-old business has suffered from deep losses amid a global drop in demand for power-generating equipment. GE said business remains in the middle of a multiyear turnaround as the unit's revenue fell 14% from a year earlier to $3.93 billion, but the division narrowed its losses to $144 million. Aviation, healthcare, power Power in financial services unit, switched leaders
What are the names of this year's three most-valuable IPOs. What does the article say about the number of years they are forecast to lose money?
These include this year's three most-valuable IPOs: Uber, Lyft and Pinterest. All forecast to lose money for at least three years as they chase predicted sales growth of around 30% a year.
Recent news accounts have suggested that the recent events might result in a so called "down round." What is a down round?
These stipulations give insiders extra stock in the event that a future fundraising is set below the valuation they last awarded a company.
Per the article, what percentage of the year's IPOs were expected to have positive net income in their first year and how does this compare with that percentage of IPO's expecting profits in past years?
This year's IPOs were notable for being loss-making, with only 25% expected to have positive net income in their first year. Only 8% of technology, media and telecom companies coming to market last year were profitable in their first year, the lowest in data back to 1995.
Since Thomas Cook has declared bankruptcy is there any concerns about payment on the CDO contracts?
Thomas Cook filed for Chapter 15 bankruptcy protection in the U.S. on Monday as part of a broader debt restructuring. But the filing stopped short of stating the company is insolvent, an ambiguity that means hedge funds holding credit-default swaps insuring Thomas Cook debt may not get their money.
What actions have U.K. regulators, including the Competition and Markets Authority, proposed to avoid audit firm conflicts of interest?
U.K. regulators, including the Competition and Markets Authority, in recent months have proposed an operational split between accounting firms' audit and consulting business. Meanwhile, a parliamentary committee is suggesting new legislation that would introduce a structural separation between audit and consulting businesses.
Per the article: The quixotic Masayoshi Son, a start-up kingmaker of undoubted brilliance, has staked SoftBank's billions — and its reputation — on three companies. What are the name of the three companies? What did the article observe about the extent of decline in value of shares of two of the three companies whose shares are publicly traded?
Uber Technologies, the ride-hailing app company that has lost about a third of its value, or $19 billion, since its May IPO; Slack Technologies, maker of a messaging platform that debuted in June and is down 35% from where it ended its first trading day; and WeWork parent We Co.
Per the article, what recently happened relating to the $5.9 million payment from wework?
WeWork retrieved the $5.9 million it paid to Neumann and retained the trademark rights to the word "we."
What comment was made related to examination of the residual value as compared to the Total value?
When the residual value drives an excessive portion of the total value conclusion, increased caution is merited since greater uncertainty exists related to receipt of the residual related cash flow benefits. Additional lecture comment "take-aways" It makes sense to "cross check" the value conclusion derived by the Gordon Growth model by identifying what the Total Enterprise Value divided by EBITDA that is implied.
Have any insiders for Uber sold their stock prior to the IPO?
Zynga and groupon sold large stock, as well as snap and slack tech
What were the sources or reasons for the impairment charges taken by Kraft Heinz?
amid waning consumer demand, accounting errors
What benefits are provided to Venture capital providers in "down round" contract provisions?
appears to take the form of a $1 billion convertible note that changes into equity on the last day of this year. The note is held by major shareholder SoftBank
What was learned about in the CPE Training Exams at the firm?
auditors at all levels cheating on internal online training exams by illegally sharing answers with colleagues and manipulating test results
Students should research on Google "what was Bernie Madoff's prison sentence"
currently is serving a 150-year sentence
The article particularly notes 5G's seamless connections could enable innovations in which three areas?
driverless cars, robot-run factories and remote surgery
What is a Credit Default Swap?
financial derivative or contract that allows an investor to "swap" or offset his or her credit risk with that of another investor. For example, if a lender is worried that a borrower is going to default on a loan, the lender could use a CDS to offset or swap that risk. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
What was the trading price for Bitcoin as of 9/22/19 as cited in the artic
first trade at $10,115.00, in line with the current price of bitcoin
Students should research on Google "Who is Bernie Madoff and what did he do"
former Chairman of the NASDAQ stock exchange, started his own penny stock investment advisory firm in 1960 with $5000. In 2008, he was charged and pleaded guilty to defrauding investors in the amount of over $50 billion, running the largest Ponzi scheme on record over at least two decades.
Markopolos has disclosed, in the report and in interviews, that he gave the results of his still-secret investigation exclusively to a hedge fund. What were the hedge funds plans and how does that impact Markopolos?
he gave the results of his still-secret investigation exclusively to a hedge fund that planned to short GE stock in advance of publication. In exchange, the hedge fund shared its profits with Markopolos. The fruits of their partnership could be big: On August 15, the day of the report's release, GE's stock dropped 11% to a low of $8.01, erasing $8.9 billion in market value.
Per the article: There was a radical idea at idea at Valeant: that drugmakers like itself had no business actually making drugs. What strategy instead was used by Valeant in the place of making drugs? What percentage decline in the stock price of Valeant is mentioned in the article
it would borrow money to acquire rivals, dramatically increase the price of their treatments and fire almost everyone. Valeant is 93% lower, with a new management, board and shareholder base, and has renamed itself Bausch Health.
Per the article, continues to use two other Adjusted EBITDA metrics which adjust WeWork's net loss before its tax provision. According to the article, what categories of expenditures that are required for GAAP income measures that WeWork excludes in their unusual "Adjusted EBITDA" metric?
one that includes and one that excludes non-cash straight-line lease costs
Per the article, Who did WeWork pay $5.9 million to use the name We?
paid its own CEO, Adam Neumann, just shy of $6 million for use of the word "We."
What company is Jack Ma retiring from ... and what other company will he remain the controlling shareholder of.
step down as executive chairman of Alibaba Group Holding Ltd. He plans to remain on an Alibaba governing board and is, in his personal capacity, the controlling shareholder of Ant Financial, a sister company of Alibaba that provides digital-payment services.
GE denies Makopolos allegations. What does the reporter / author of the article conclude?
the picture presented by GE is more accurate.
What is the national minimum wage in venezuela mentioned in the article?
worth less than $2 a month
Within the Investopedia article addressing the question above, click on the link "actively managed investment" and review the three "KEY TAKEAWAYS" bullet points
•Active management is when managers actively pick investments in an effort to outperform some benchmark, usually a market index. •Passive management is when a fund manager attempts to mimic some benchmark, replicating its holdings and, hopefully, performance. Active management funds tend to have high fees, and recent research has called into question their ability to outperform the market with any consistency.
