持股公司

For the past century,the controlling shareholder in Dow Jones and C ompany has been the Bancroft family .

在过去的一个世纪里，道琼斯公司的持股股东和其公司一直以来都是Bancroft家族。

To see how difficult it can be even for Mr Icahn to get his way, look to the saga at Biogen Idec, another American biotech firm in which the gadfly billionaire owns a stake.

要想知道Icahn先生实现自己的想法究竟有多难，不妨参考一下美国另一家生物技术公司Biogen Idec的传奇，该公司也有一个烦人的亿万富翁持股。

To see how difficult it can be even for Mr Icahn to get his way, look to the s aga at Biogen Idec, another American biotech firm in which the gadfly billiona ire owns a stake.

要想知道Icahn先生实现自己的想法究竟有多难，不妨参考一下美国另一家生物技术公司B iogen Idec的传奇，该公司也有一个烦人的亿万富翁持股。

February 12, Asia's largest low-cost airline Air Asia Malaysia (AirAsia Berhad, referred to as "AirAsia") announced that its holdings of long-distance company AirAsia will be held April 2, 2009 opening of Malaysia Kuala Lumpur to Tianjin regular direct flights to curve into the Beijing market.

2月12日，亚洲最大的低成本航空公司马来西亚亚洲航空公司（AirAsia Berhad，简称"亚航"）宣布，其持股的亚航长途公司将于2009年4月2日开通马来西亚首都吉隆坡至天津的定期直飞航线，以曲线进入北京市场。

Station for $35 million. The station came with the Fort Worth paper that Capital Cities was buying, and under the "cross-ownership" rules Murph had to divest it.

在收购喜诗糖果公司的时候，当时经营着Capital Cities广播公司的汤姆·墨菲打电话给我，向我提供了以3500万美元收购Dallas-Fort Worth NBC电视台的机会，同这家电视台一起的还有Fort Worth报，Capital Cities公司当时正在收购这家报社，而根据有关&交叉持股&(cross-ownership)的规定，墨菲必须剥离电视台业务。

About the time of the See's purchase, Tom Murphy, then running Capital Cities Broadcasting, called and offered me the Dallas-Fort Worth NBC station for $35 million. The station came with the Fort Worth paper that Capital Cities was buying, and under the "cross-ownership" rules Murph had to divest it.

在收购喜诗糖果公司的时候，当时经营着Capital Cities广播公司的汤姆·墨菲打电话给我，向我提供了以3500万美元收购Dallas-Fort Worth NBC电视台的机会，同这家电视台一起的还有Fort Worth报，Capital Cities公司当时正在收购这家报社，而根据有关&交叉持股&(cross-ownership)的规定，墨菲必须剥离电视台业务。

About the time of the See's purchase, Tom Murphy, then running Capital Cities Broadcasting, called and offered me the Dallas-Fort Worth NBCstation for $35 million. The station came with the Fort Worth paper that Capital Cities was buying, and under the "cross-ownership" rules Murph had to divest it.

在收购喜诗糖果公司的时候，当时经营着Capital Cities广播公司的汤姆·墨菲打电话给我，向我提供了以3500万美元收购Dallas-Fort Worth NBC电视台的机会，同这家电视台一起的还有Fort Worth报，Capital Cities公司当时正在收购这家报社，而根据有关&交叉持股&(cross-ownership)的规定，墨菲必须剥离电视台业务。

A lot of scholars often laid particular emphasis on the study of the relationship of managing the characteristic of directorate and performance of the company in the past research and seldom involve the question of CEO Turnover. This text has done the very important one in this respect supplementarily. And it has introduced the new variable such as company's scale, general manager's age, and big shareholder's shareholding ratio. Also adopt relative EPS and relative ROE two kinds of performance indexes at the same time to weigh the management state of the company.

在过去的研究中许多学者往往侧重于研究公司治理特性与董事会绩效的关系，很少涉及到总经理变更的问题，本文在这方面作了很重要的补充，并且引入了公司规模、总经理年龄、大股东持股比例等新的变量，同时采用相对EPS和相对ROE两种绩效指标来衡量公司的经营状况，更加全面、具体。

A stock dividend is a pro rata distribution of additional shares of a corporation's stock to the stockholders.

红股是按照比例分配给持股人的公司股本的追加股份。

The analysis reveals that:(1) Because there isn"t significant relationship between earnings management and management compensation, managers don"t have a notable motivation on self-benefit basis to reinforce earnings management for increase their compensation level;(2) The Stock Options Incentive stimulate managers on earnings management, the higher management stock proportion, the higher earnings management of listed companies.

本文通过实证研究发现：(1)由于我国上市公司盈余管理程度与管理层薪酬水平之间不存在高度相关关系，管理层出于自利目的，为提高其薪酬水平而进行盈余管理的动机不显著；(2)我国上市公司的股权激励制度刺激了管理层的盈余管理行为，管理层股权激励程度与盈余管理之间呈显著正相关关系，管理层持股比例越高，上市公司盈余管理程度就越高。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。