Why transfer Essay Example | Topics and Well Written Essays - 500 words

Why transfer - Essay Example We helped raise funds in order to build the bridge, because many children die when crossing the river during flood seasons. I discovered that, though the bridge project was going well, the basic living conditions in the village had not improved.  However, when I visited another village in a different province in China, I was completely shocked to find that the people led progressive lives, while keeping their tradition and culture intact. Instead of remaining in a progressive rut, they parlayed what they knew of their traditional culture into a briskly functioning art and handicraft industry. They actually had a working business model that I did not expect to see in such a backward village. I realized that my dream to help the other village by spoon feeding them was wrong. When I explained to my father that we could actually do much more for the village than what we were already doing, he told me that I had the right idea. But without a solid foundation in Business and Economics, I would not be able to put my theories and plans into reality. Then I realized what my true calling was, and began to follow this new career path. Upon my return to UW, I enrolled in Economics courses and utilizd my free time in a manner that would allow me to mingle and discuss economic theories with my classmates and professors. My diligence and desire have a highly positive relation to the grades that I got in those Economics centered classes. I was averaging a 4.0 in my Macroeconomics, Statistics, and Business Law classes. I enjoyed dipping my feet in the School of Business and Economics pool, and my interest was further fueled by my participation in an information technology project at the Foster School of Business at UW. My impressive performance has convinced me that I am truly ready to become a Business and Economics

Will Private Equity Overtake Public Equity Term Paper

Will Private Equity Overtake Public Equity - Term Paper Example Private equity groups like Slater-Walker in the 1960s and Hanson Trust in the 1980s have been providing an alternative form of financing to public financing for many years now. These were the first firms or conglomerates that tended to fiancà © slumping companies and turned them around for cash generation. These private equity firms were seen as corporate saviors, which helped to revive poor performing firms and gave big returns to shareholders (BBC, 2006). Yet there may be downsides to private equity financing and in one recent analysis and news report, by Times, private equity companies are to face major tax deductions. The Times reported that firms financed by private funding may have to pay millions of pounds in extra taxes as commissioned with changes by the Treasury and Revenue & Customs. The report suggests that such heavy tax burdens can be a downturn for an industry that has created millionaire bosses. The tax rate on capital gains is set to rise from 10% to 40% (Timesonlin e, 2006). According to the report, private equity firms own companies that employ more than 20% of the UK private sector workforce. The Somerfield and Debenhams are major companies in the UK backed by private equity. Private equity bosses carry compensation packages of  £2billion a year so sudden tax burdens could go up to a few million pounds. However despite this sudden tax problem, which may have to be resolved by the BVCA, it is important to analyze why private equity firms have recently been more attractive than public equity firms and why has there been an exodus of top executives who moved from public companies to privately financed companies within the UK and indeed in many other emerging markets of the world. According to a recent cover story by Businessweek Online (Feb 2006), more and more of business firms are keeping away from public companies because of the ‘money, freedom and glamour’ of private companies.