美国经济专题4分析报告.ppt

Corporations may own property, sue or be sued in court, and make contracts. Because a corporation has legal standing itself, its owners are partially sheltered from responsibility for its actions. 5. Corporations in the United States Corporate boards place day-to-day management decisions in the hands of a chief executive officer (CEO), who may also be a board‘s chairman or president. The CEO supervises other executives, including a number of vice presidents who oversee various corporate functions, as well as the chief financial officer(CFO), the chief operating officer(COO), and the chief information officer (CIO). 6. Ownership of Corporations place …in 交给 supervise 监督，管理 oversee 监视，视察 Issuing Bonds. A bond is a written promise to pay back a specific amount of money at a certain date or dates in the future. In the interim, bondholders receive interest payments at fixed rates on specified dates. Holders can sell bonds to someone else before they are due. 7. How Corporations Raise Capital issuing bond 发行债券 exchequer bond (bill) 国库券 interim 期间，过度时期 due 到期的 7. How Corporations Raise Capital Issuing Preferred Stock. A company may choose to issue new “preferred” stock to raise capital. Buyers of these shares have special status in the event the underlying company encounters financial trouble. issuing preferred stock 发行优先股 encounter 遭遇，相遇 underlying 该，潜在的，优先的 bondholder preferred-stock owner common stock owner 1 2 3 7. How Corporations Raise Capital If profits are limited, preferred-stock owners will be paid their dividends after bondholders receive their guaranteed interest payments but before any common stock dividends are paid. dividend 红利 bondholder preferred-stock owner common stock owner 1 2 3 7. How Corporations Raise Capital Selling Common Stock. If a company is in good financial health, it can raise capital by issuing common stock. Typically, investment banks help companies issue stock, agreeing to buy any new shares issued at a set price if the public refu