CORPORATIONS!!! Proctor & Gamble.

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Presentation transcript:

CORPORATIONS!!! Proctor & Gamble

A business that is owned by individual stock holders What is a corporation? A business that is owned by individual stock holders

Then you are a stock holder and part owner of the business! If you own a share of stock Then you are a stock holder and part owner of the business!

How much liability would you have if this happened? Stock holders have limited liability! You only lose the money that you invest.

What is a corporation? A business that is owned by individual stock holders Considered a legal entity They are legally treated like people! They can…

Pay taxes Make contracts Sue other parties

I’m so suing that guy…

Corporate Structure Board of Directors Corporate Officers Managers & Employees

Board of Directors Approves decisions for corporation and manages executives Stockholders vote who will be the directors

Corporate Officers Appointed by the board of directors They run the corporation Usually called the Chief Executive (CEO)

Managers and Employees Everyone else working for the corporation

Top 10 Biggest Corporations Wal-Mart (USA) State Grid (China) Sinopec Group (China) China National Petroleum (China) Toyota (Japan) Volkswagen (Germany) Royal Dutch Shell (Netherlands) Berkshire Hatahway (USA) Apple (USA) Exxon Mobil (USA)

Types of Corporations Closely/Privately Held Publicly Held Only a few people own stock, usually family members Stock is sold on the open market

Corporate Combinations

Corporate Combinations When corporations merge (combine) with another firm Usually by “buying out” the other firms Three Types….

Horizontal Mergers Merges with firms competing in the same market.

Vertical Mergers Merge with firms that are involved in different stages of making the same product.

Merge with firms that make unrelated products Conglomerate Proctor & Gamble Merge with firms that make unrelated products

Multinational Corporations (MNC’s)

Multinational Corporations Large corporation that produces and sells its goods and services throughout the world. Leads to globalization Connecting countries economically by opening trade

Multinationals have positive and negative effects on the world

Globalization Look at the tags of the clothes you are wearing and the products you currently have with you. Where are they made?

Walmart: Good Or Bad Facts about Walmart http://www.buzzfeed.com/sapna/19-facts- that-show-just-how-massive-walmart-really- is#.etaYYbYJWVideo Video http://www.pbs.org/wgbh/pages/frontline/sh ows/walmart/view/