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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / So it's like this event today....
Post #47,128
by a6l6e6x
Picture of a6l6e6x
7/26/02 11:06:28 PM
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New So it's like this event today....
[link|http://www.austin360.com/statesman/editions/today/business_9.html|Burger Kiing.]
Britain's Diageo PLC announced a deal Thursday to sell Burger King Corp., the world's second-largest fast-food business, to a consortium of U.S. investors.
The confusing part was you said "to liquidate the company and sell it back to shareholders". Liquidation is selling at least parts of the company to another party.
Alex
"Television: chewing gum for the eyes." -- Frank Lloyd Wright
Post #47,130
by ben_tilly
7/26/02 11:29:21 PM
Reply
New Like that but...
with the money returning as dividends (and per Drew's plan, with part of it going to the CEO) rather than being invested in other areas of the business.

Basically the scenario is one where the CEO acts like a corporate raider, except that rather than paying off junk bonds he is giving a fat dividend to shareholders (like it or not) and himself a big fat bonus.

Cheers,
Ben
"... I couldn't see how anyone could be educated by this self-propagating system in which people pass exams, teach others to pass exams, but nobody knows anything."
--Richard Feynman
     Fortume magazine weighs in on expensing stock options - (lincoln) - (10) - July 25, 2002, 03:42:49 PM EDT
         Here's how to fix it - (drewk) - (8) - July 25, 2002, 04:19:07 PM EDT
             Different accounting practices. - (Brandioch) - July 25, 2002, 07:16:46 PM EDT
             Every fix has its drawbacks - (ben_tilly) - (6) - July 25, 2002, 07:22:56 PM EDT
                 Of course it does, but I like them better - (drewk) - (1) - July 26, 2002, 08:37:49 AM EDT
                     There is chicanery and chicanery - (ben_tilly) - July 26, 2002, 07:28:44 PM EDT
                 Re: liquidate the company and sell it back to shareholders? - (a6l6e6x) - (3) - July 26, 2002, 09:07:34 PM EDT
                     It does compute - (ben_tilly) - (2) - July 26, 2002, 10:29:08 PM EDT
                         So it's like this event today.... - (a6l6e6x) - (1) - July 26, 2002, 11:06:28 PM EDT
                             Like that but... - (ben_tilly) - July 26, 2002, 11:29:21 PM EDT
         Don't quote FASB - (wharris2) - July 25, 2002, 08:40:59 PM EDT

One of them has appalling taste in home decor, but if this is symptomatic of brain damage I submit that long-term exposure to the cultural vacuum of the San Fernando Valley is at least as plausible a proximate cause.
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