Financial hedging techniques Essay Example | Topics and Well Written Essays - 2000 words

Financial hedging techniques - Essay Example The approach to decreasing the possibility of a loss from an investment is usually undertaking an additional investment for purposes of upsetting loss in the future. As hedging minimizes the possibility of a loss occurring, it also minimizes the profit potential. A large firm or corporation is defined differently depending on the country and the industry under which it operates (Fonseca and Rustem 2012: 2530). For instance, a large firm in a developing country may be considered as a small firm or a medium one in a developed country. In addition, a large firm in the retail industry may be regarded as a small firm relatively to a large firm in mineral and mining industry within the same nation. Generally, the size of a firm is determined by considering different organizational aspects including the turnover, the amount of profits made, the number of employees and the number of countries in which it operates. Typically, a large firm employs thousands of employees and may operate in more than one country, have annual revenues more than billion dollars. Large companies also own huge valuable assets spread across different regions within or without a country. All large firms are also considered as autonomous legal entities. This means the owners h ave limited liabilities. Examples of large firms include Wal-Mart Inc, grocer J Sainsbury, Royal Dutch Shell, SABMiller, Toyota Motors Corporation and The Boeing Company. Every firm that accepts foreign currency as part of its payment or receipts faces currency risk. Currency risk can be defined as is a type of risk that emanates from the changes in the price of a currency against other currencies. Hedging techniques refers to the different strategies used by firms to minimize the risk on investment. The hedging techniques used vary from one organization to the other depending on the nature of the investment and the size of the company (Wang, Wu, and

D1 Pest Analaysis of Tesco Essay Example for Free

D1 Pest Analaysis of Tesco Essay Social There have been many changes over last 40 years .Customer possess mobile and car, Tesco has responded to this change by developing extra stores with larger parks. Customers want one stop shopping. Tesco has responded to this by making sure that their stock has nearly got everything a customer might need. Over last 40 years travellers have been abroad to try and taste different foods. Tesco has responded to this change by increasing the range of foreign food such as Mexican, Chinese and Indian etc. Because of the large ethnic populations that have moved to the UK, this encouraged Tesco to increase the range of foreign. When microwaves were launched and people have started buying them. Tesco has responded to this change by introducing frozen foods. Political Customers are wishing to eat to healthier, Tesco has responded to this by making sure the products are healthy and by putting labels on the product. Customers want to shop more conveniently, Tesco has responded to by offering convenient time including 24 hour shopping and six hours on Sunday. Many customers do not want food that has been grown using chemicals, they want to natural food. Tesco has responded to this change by introducing organic food ranges. Tesco is restricted by law from growing too big.to overcome this they have begun to offer more services. Recession has been biggest political factor as a lot of countries suffer unemployment; Tesco has responded to this change by offering more employment as this will reduce the amount of people who are unemployed. Economical Customers want to shop in a pleasant and clean environment, Tesco has responded to this change by making their shops light and attractive. The government wants everyone to be environmentally aware, Tesco has responded by increasing the amount of recyclable packing that they use for their products. Tesco is also reducing the number of free plastic bags they give away. They have built small local stores called Tesco express to respond to customers’ needs to shop more conveniently. Tesco has responded to local needs by helping community projects. They have also responded to the large amount of people who are unemployed offering them employment this allows people to work around family commitment. Tesco’s prices may reflect inflation rates, an increase in inflation will Technology Customers have been using the internet as a source of information, Tesco has capitalised this by offering online shopping at www.tesco.com. mean and increase in prices and a decrease in inflation will mean prices reduce. Tesco is also providing through the use of online delivery services. Customers are paying with debit cards than with cash, Tesco has responded to this change by introducing self-service check outs. This change is much quicker and easier for the customers.

I Am Ignorant :: Graduate Admissions Essays

I Am Ignorant, but Not Stupid Education: the path from cocky ignorance to miserable uncertainty (Mark Twain) Â   When I began my undergraduate studies, I only vaguely anticipated the number of books, the infinitude of ideas, the magnitude of creative urges that existed. Now that I have finally come to some awareness of what it means to be educated, I realize that I am not. Graduate study seems an opportunity to continue studying, but more profoundly, more independently, and with more direction than ever before. Â   I have loved studying at the University, and have tried to make the fullest uses of the rich resources here. But leaving the University, leaving the United States, to study abroad would expose me to such an entirely new range of people and possibilities. I want to continue in my education because I cannot imagine discontinuing it, and more, because I have a singularly exciting opportunity before me. As my peers are preparing job applications and buying business suits, I want nothing more than to spend another few years in Scotland, learning about its tremendous tradition of scholarship and endeavor, and hoping to contribute something to such a tradition. Â   The past few years have been enriching beyond all expectations. Specifically, the classes in music, modern literature, and narrative nonfiction writing. These are the fields I am most interested in. My college years have allowed me to focus on a few specific fields, not to mention regions, of interest. My school work this academic year has been particularly influential in my decision to continue on next year as a post-graduate. I have been researching and writing a major thesis about modern American narrative nonfiction for my program of study here at the University. The process has been thrilling, simply put. Working independently, under the supervision of carefully-chosen advisors, has been at times frustrating, but more often enlightening, revealing my strengths and weaknesses both. Â   I look forward to working on an advanced degree at the University of XXX because it will allow me to continue doing relatively independent work, in combination with more structured class work.

Reducing Transport Carbon Emissions In The UK Environmental Sciences Essay

The conveyance sector is the fastest turning consumer of energy and manufacturer of green house gasses in the European Union every bit good as in the universe ( EIA, 2010 ) . Energy usage in the conveyance sector includes energy consumed in traveling people and goods by route, rail, air, H2O, and grapevine ( EIA, 2010 ) . In UK, the overall addition in concluding energy ingestion between 1990 and 2008, was 7.5 million metric tons of oil tantamount – an addition of 5.1 % . Transport energy ingestion rose to 21 % between this period, and the largest addition occurred in the air conveyance sector ; where ingestion rose by 83 % . Over the same period, the rail sector ‘s ingestion rose by 31 % , while rider route fuel rose by 4 % ( Govtoday 2010 ) . on the other manus, It has been estimated that 480.9 million metric tons of C dioxide ( MtCO2 ) were emitted during 2009 in UK. Out of these emanations, conveyance sector paged at 121.8 MtCO2- accounted for a one-fourth of all CO2 emanations in the UK ( Department of Energy and climate change,2010 ) This shows that conveyance remains one of the major users of energy and emitter of C, non merely in the universe or European Union in general but besides UK in specific. In position of this fact, the UK authorities demand to follow energy usage decrease schemes so as to cut down its C pes print and aid to accomplish European Union ‘s policy of cut downing C emanations by 2020 so as to accomplish sustainable development.Proposed Options to cut down Energy ingestion and or emanations in conveyance sector.1.Technological options( a ) .Hybrid-electric vehicles. A intercrossed electrical vehicle ( HEV ) is a vehicle equipped with either an internal burning engine ( ICE ) and an electrical motor powered by electrical batteries. HEVs are an emerging engineering in the automotive market, with makers planing and bring forthing intercrossed systems for rider autos, light-duty vehicles, heavy responsibility vehicles, and even engines. The improved efficiency of HEVs over conventional vehicle is achieved by runing a smaller, more efficient ICE within a narrower, more efficient operational speed/power set and utilizing an electric engine and electrical storage ( i.e. the battery ) to equilibrate the public presentation energy demands. ( Deutsche Bank,2008 ) . Potential nest eggs Hybrid vehicles are frequently equipped with â€Å" halt & amp ; travel † devices. In the urban rhythm, these devices may enable farther decrease of energy usage and emanations ( Ricardo, 2009 ) . Mild loanblends ( where an electric motor is non a exclusive beginning of driving power, but besides auxiliary internal burning engine when extremum power is needed ) provide a 10-20 % fuel efficiency addition ( Deutsche Bank,2008 ) , and full loanblends, can cut down CO2 emanations for urban applications by up to 40 % depending on the vehicle. For long draw drive ( i.e. chiefly on high-velocity roads ) an norm of 7 % is reported as more typical ( Ricardo, 2009 ) , and coachs runing on intercrossed system have the possible to cut down emanations by 30 % on the conventional Diesel coachs ( Transport for London ) . Restrictions and possible actions HEVs of In general, offer more efficiency benefits in metropolis drive instead than in long-distance expressway usage ( Ricardo, 2009 ) . Though nearing commercial position, HEVs are rather expensive and it is ill-defined whether consumers will encompass them in the mass market. However, Government can make a batch to advance loanblends, including strong monetary value inducements and instruction runs to do certain consumers are cognizant of this engineering and understand its benefits ( Deutsche Bank,2008 ) . ( B ) .Carbon gaining control and storage engineering ( CCS ) Refers to the gaining control of CO2 from emanations, followed by storage in geological constructions, thereby forestalling it from come ining the ambiance ( Parliamentarly office of scientific discipline and engineering, 2005 ) . This method of C segregation can be done at production phase of fuel such that Carbon gaining control and storage engineering offers a low-carbon manner to utilize fossil fuels to guarantee security of energy supply ( Parliamentarly office of scientific discipline and engineering, 2005 ) . Potential nest eggs Using CO2 gaining control to the UK ‘s energy industries has the greatest possible to cut down current emanations. The cost of emanation decrease utilizing CCS are comparable with those of utilizing offshore wind power or atomic power-Carbon emanation decrease costs of about ?50/tCO2 ( DTI, 2003 ) Restrictions and solutions There are concerns that Carbon could be released during conveyance and injection or over clip from geological storage ( DTI, 2003 ) .Hence, CO2 release would necessitate to be carefully monitored for homo and environmental safety. However, there are already expertise and industrial protocols associated with its handling. Even utilizing pessimistic premises it has been estimated that it is improbable that more than 0.03 % of the CO2 would be released during conveyance and injection ( DTI, 2003 ) . Under present economic conditions CCS is non financially feasible. However, Making inducements for CCS signifiers portion of the wider argument on economic schemes to cut down CO2 emanations ( Parliamentarly office of scientific discipline and engineering, 2005 ) .2. Fiscal techniquesFiscal instruments are an obvious tool for authorities policy in general. They can besides be a tool for rapidly act uponing the consumption of energy efficiency in conveyance so as to cut down energy demand and cut down auto ownership by persons ( Banister, 2006 ) . Examples of financial techniques that can be used are as follows ; Fuel bringing direction measures- where autos can merely replenish at a certain clip of the twenty-four hours dependant on the last figure of their license home base Artificial elevation of fuel monetary values through revenue enhancements, Introduction of route and interior metropolis tolls restrictive parking and debut of parking fees. These financial techniques can ensue to cut down urban vehicle trips to merely indispensable trips and to deviate the bulk of occupants to public conveyance where by cut downing energy usage and C emanations ( Saleh etal,1998 ) . Potential nest eggs These techniques can cut down oil demand and ingestion by between 7 % and 10 % depending on the size of the break ( Banister, 2006 ) . Road pricing/congestion charges have been implemented in London and Durham. Even though the motive has non been to cut down CO2 emanations but traffic congestion, there has nevertheless been a significant betterment in local air quality in cardinal London and CO2 emanations degrees are down by 15 % , chiefly due to fewer autos, higher velocities and less stop-start drive ( Banister, 2006 ) . Restrictions and possible actions Information about possible steps of demand decreases in the conveyance sector is frequently highly limited and dated. Fuel revenue enhancement addition has the possible to keep demand but – recent informations about the effectivity of such steps is scarce ( IE A,2003 ) . However, since other countries have been implementing the techniques, lessons can be learnt from them which can back up determination doing procedure.3.Legislative stepsLegislative steps can besides be used to excite the consumption of energy efficiency in conveyance where by cut downing energy demand and emanations ( The Allen confer withing group,2008 ) . Example include compulsory criterions for fuel efficiency Compulsory Standards for Fuel Efficiency Standards on degree of pollution can be imposed on auto makers, with a mark agreed that all new vehicles should hold mean lower emanation rate of fuel. EU mean rate is 140 g CO2/km3 ( SMMT, 2007 ) . In the UK, the current degree for new autos is 167.2 g CO2/km ( 2006 ) with approximately 20 % more to making the 140 g/km mark ( SMMT, 2007 ) . Potential nest eggs A survey by the The Allen confer withing group,2008 in Australia indicated that a plan affecting compulsory criterions demands for big energy consumers ( devouring 100 TJ or more of energy each twelvemonth ) , is likely to present a net economic benefit over 10 old ages of around $ 710 million ( in cyberspace present value ( NPV ) footings ) .This is based on a demand for these sites to implement energy salvaging undertakings with a payback period of 3 old ages or less, and the consequence of a modest domestic C monetary value ( assumed to average about $ 15 per metric ton CO2e ) in the period 2010 to 2020. Restrictions and possible actions Mandatory energy efficiency plans implementation incur highest plan costs compared to voluntary attacks but the expected benefits are besides the highest compared to other attacks ( The Allen confer withing group,2008 ) .4. Infrastructure alterations and behavioral alteration optionsIncreasing the efficiency of route and rail vehicles so they use less fuel per rider Km or tonne-Km ( IE A,2003 ) ; Reducing the overall auto ownership and sum of personal travel and motion of goods ( IE A,2003 ) ; Transfering riders and cargo from high-consumption manners to low ingestion manners eg public conveyance ( IE A,2003 ) ; back uping Eco- drive -energy usage in conveyance is besides dependent on mean velocity of the vehicle, service quality and driver behaviour hence important sum of energy and C emanations could be saved by learning people how to drive ( Hodac, 2008 ) . bettering journey times and connexions, improved quality, handiness and affordability of public conveyance through electrification of rail webs and disgnating high velocity rail associating metropoliss to do train more attractive option to auto use ( Scots Government Publication,2009 ) . planing substructure and layout to promote and ease walking and cycling ; and do non-motorised manners of conveyance safer, quicker and more attractive ( Scots Government Publication,2009 ) Promoting options to go ( e.g. greater telecommuting ) Potential nest eggs substructure betterments, â€Å" intelligent conveyance † engineerings and systems such as better routing systems and congestion decrease and information systems can assist to replace for travel systems and better theodolite systems. An aggressive combination of such steps could realistically cut travel ( or go growing ) by 10-15 % where by cut downing energy usage and C emanations ( IE A,2003 ) . Freight-efficiency betterment programmes, much more aggressive attempts could give a 10-20 % decrease in cargo fuel usage ( IE A,2003 ) .The IEA estimations that a 5 % -10 % decrease in mean fuel ingestion per kilometer could be achieved through a combination of the undermentioned steps: stronger review and care programmes to aim fuel efficiency, acceptance of on-board engineerings that better in-use fuel efficiency and better driver consciousness of efficiency ; better and more widespread driver preparation programmes, and better enforcement and control of vehicle velocities. Restrictions and possible actions Measures such as transport demand direction and traffic direction systems are frequently supported by specific revenue enhancements, publicity of public conveyance systems to promote voluntary transportation from autos, support for usage of alternate fuels, etc. These steps face a different scope of political jobs and other jobs ( OECD, 2002 ) . However, Measures including outreach and inducements for improved heavy-duty vehicle fuel efficiency and advancing greater usage of telecommuting and public conveyance for better system efficiency can be emphasized ( IE A,2003 ) ..DecisionThere are several options that UK Government can see to follow in seeking to accomplish the purpose of cut downing C emanations from conveyance sector. The options are in the class of substructure, engineering, statute law every bit good as financial techniques. Each option has possible to cut down emanations but has associated restrictions. However, suggested solutions to restrictions are available which so allow the Government to do determinations against its ain precedences.Beyond 2050Carbon gaining control and storage engineering ( CCS ) Using CO2 gaining control to the UK ‘s energy industries has the greatest possible to cut down current emanations. The cost of emanation decrease utilizing CCS are comparable with those of utilizing offshore wind power or atomic power-Carbon emanation decrease costs of about ?50/tCO2 ( DTI, 2003 )

Actions and context of social Essay

Hale arrives in Salem and begins to interrogate Abigail. He is very direct and soon Abigail realises that she cannot avoid his questions any more. She knows she must escape his attention but she cannot run otherwise she will look suspicious. Instead, she cleverly implicates Tituba. Abigail constructs her involvement to become the leader of the proceedings, trying to force the other girls and her into following her lead. After confession, Tituba is told to tell the names of people seen with the devil. Mrs Putnam asks whether her past midwives had been in contact with the devil. Abigail soon says the names of Sarah Good and Goody Osburne as she quickly reveals that they are in contact with the devil. By satisfying her interrogator’s suspicions, despite their untruthfulness she can divert attention away from herself. Her intelligence and unique influence is demonstrated as she does so and sends the professional men of the court into a frenzied excitement, as they believe they have found someone in touch with the devil. By being the first and shouting out names, she has power and trust with the court. She then begins to call out more names, adding to Tituba’s list. This excites Betty whom immediately rises and joins in the chanting of names. She is described to be calling out ‘hysterically’ and ‘with great relief’. Then their ecstatic cries turn into a gleeful tone, adding an evil edge. Abigail has forged her way out of trouble and Betty has picked up on the plan, assured that she is safe from punishment and joins Abigail. They are now beyond accusation or danger and happy to call names out. Betty is following Abigail, but Abigail has no need to continue as she has already said Elizabeth’s name. The other names of people, she has no involvement with and most importantly, people who bear no importance in Salem and are vulnerable to prosecution. It is a fiendish scene, as if the girls are possessed by evil. They are not however and that leaves only one reason, that Abigail is wreaking her specific revenge for her parents deaths. It is one of her more evil actions in the play, as it cannot be accounted for. This shows that she does not hate and have power over people she wants revenge for, but everyone of human society. In my opinion, she is a disturbed character. She is initially perceived as being wild bright and proud. Her character then develops a ghastly quality that becomes a large influence over everybody in the village of Salem. She abuses this ability to turn things to her advantage and others fate. She develops an evil insensitive, which would seem to be her character, however occasionally she shows different emotions in moments of intense passion and fear. Abigail is the hidden secret of the play. She covers behind her sweet little girl innocence and manipulates it between the characters, which brings up many truths from the past. Her quest however, soon becomes an addiction as she has people killed and blames anyone to get back John Proctor.

Is it true that Shylock is a man more sinned against than sinning Essay Example

Is it true that Shylock is a man more sinned against than sinning Essay Example Is it true that Shylock is a man more sinned against than sinning Paper Is it true that Shylock is a man more sinned against than sinning Paper Essay Topic: Play Shakespeares romantic comedy The Merchant of Venice features Shylock, although he is referred to by most of the other characters as the Jew. Despite all the wrong doings committed against him, it is suggested to us by Shakespeare that he is more of a villain than a victim; this is because Shakespeare uses him as a Daniel to test the personalities of the other characters and the audience. However we must consider the misconception of Jews and the anti-Semitism shown towards them in the Elizabethan era, which may be responsible for the treatment of Shylock. When we first meet Shylock in the play it is no coincidence that his first words are three thousand ducats. Shakespeare is subtly trying to suggest early on in the play the importance of money to Shylock. With our perception of Shylock of being attracted to money it automatically makes the audience think he is greedy and selfish. Shakespeare is trying to hint to us that perhaps Shylock isnt the kind of character you would like to be associated with. This is re-enforced by the fact that he says he hates Antonio. I hate him for he is a Christian; but more, for that in low simplicity he lends out money gratis. Shylock partly hates Antonio because he is a Christian, but more because he doesnt charge interest when he lends money so in effect he is putting him out of business. This would seem quite petty to the audience this early in the play because we dont know any background knowledge of the two characters and how they treat one another. It is because of his hate for Antonio that Shakespeares Shylock seems very interested in the offer made to him because it means he would be above Antonio, as Antonio would owe him money. On stage this looks like an act of kindness on Shylocks part because effectively he is helping out Bassanio. But it is a slightly suspicious act because in that scene he is insulted by Antonio, he is referred to as the devil having an evil soul. He is even compared to as a goodly apple rotten to the heart. On top of this Antonio says he is likely to spit on him again yet Shylock still lends him the money. This should make no sense to the audience because if anyone else as in that position of being treated like vermin by someone, they wouldnt go and do that person a favour. So if it werent for the terms of the bond an equal pound of flesh we would think that Shylock was a character full of forgiveness and kindness but we cant help but be suspicious by the terms of the bond, whether he really is going after a pound of Antonios flesh which might kill him. This act suggests early on that Shylock is plotting something against Antonio so we are left at the end of the first scene in which we see Shylock slightly confused at whether or not Shylock is the kind, forgiving character he seems. As we read on in the play, the doubt we have about Shylock not completely being the innocent character fades slightly and we can sympathise with him for the deeds being done against him. We find out that Antonio is not the only one who is constantly mocking and insulting Shylock and that almost all the Christians in the play regard him as a lower being, less than a man. He is called a cur, a dog and wherever he goes he is never referred to as Shylock but people simply know him as the Jew and he has to live with being called this all the time. For example in the court scene even the Duke directly calls him Jew. Shylock shows a great sense of character throughout the play, even though he and his Jewish faith is always insulted he doesnt seem like he is affected by it and most of the time stays calm and pleasant like nothing has been said. Here comes another of the tribe; a third cannot be matched, unless the devil himself turn Jew. Shylocks reaction to this is very surprising. He ignores this comment as it were nothing and carries on talking to Tubal. Being a contemporary audience we find these sorts of comments outrageous and would not think of using this kind of language because it signifies deep hatred and insult that we do not use any more. So we immediately sympathise with Shylock and now consider him very much as a victim. However at the time the play was written this sort of abuse towards the Jews was closer to the norm, so to an Elizabethan audience it would not have seemed at that time that the Christians were doing anything wrong. This is because in that era when countries were being colonised and nationality was very important, people had a very low opinion of other nations because every nation saw themselves as great, so racism would have been high. Nowadays with so much immigration occurring all over the globe people have become much more tolerant of other nations so racism has decreased. In Act 2 Scene 5 we are shown yet another side of Shylock, we are shown him as a father. We would expect him to be the gentle, kind figure we recognised him as in the opening scenes but to our surprise we see him as almost the opposite of this. We find that he treats his own daughter as you might a prisoner, she is left with his instructions and is supposed follow only what he wants her to do which is Lock up my doors stop my houses ears. She is told to stay inside, lock the doors and bar the windows whilst there is a party happening outside and she is practically forbidden to even look out the window. Being a young lady well capable of looking after herself this must seem like torture to Jessica because she is being treated like a child. Again though this only seems like a harsh act to the modern reader, in the Elizabethan era daughters were expected to follow her fathers orders word for word so this would not have been to sympathise with Jessica for. In fact her reaction to this might have cost life. Farewell, and if my fortune not be crossd, I have a father, you a daughter, lost. It seems that she had planned her runaway before hand so this sort of treatment was probably normal for Shylock. In contrast to the Elizabethan way of thinking, the modern reader might think that running away isnt such a bad thing to do seeing as she is capable of looking after herself. Even though we know the way in which Shylock treats his daughter, we have to sympathise with him because Jessica is his only child and however harsh a father he might be it obviously hurt him a great deal to lose her by the way he acts in the next scene. my own flesh and blood to rebel. The repetition of this phrase implies that Shylock is very upset by the loss of his daughter, we recognise this because the strong language he is using, for example to rebel is repeated along with flesh and blood. The repletion of these words suggests Shylock has become fixated on his daughter being his own flesh and blood. This suggests that because he has been tormented so much he has to hold on to the fact that his daughter is his flesh and blood as if it were slipping away. We are made to sympathise further with Shylock because as well as having to deal with the loss of his daughter he has to come to terms with the fact that she took money from him and also his dead wifes ring. Two thousand ducats in that, and other precious, precious jewels! My daughter! O my ducats! Oh my daughter. Salarino is not helping Shylock in any way; in fact he tries to make his misery worse There is more difference between thy flesh and hers than between jet and ivory. This comment is aggressively thrown at Shylock purposely trying to get a negative reaction from him and is typical of the abuse being constantly thrown at him. In response to this, Shylock starts talking about his bond with Antonio, which signifies again his ability to ignore the insults being thrown at him. Based on this evidence it would seem that Shylock is a man more sinned against than sinning but more evidence is yet to be uncovered. After this it seems as if Shylock has had enough and is about to break down from all the abuse hes suffered and this is explored in his emotional speech in the scene. Shylock pours out his heart in this speech at first telling of how Antonio treats him and then delves deeper and painfully recalls about his own race: (He hath disgraced, hindered, laughed, mocked, scorned and thwarted me because I am a Jew). We can tell he has put his heart behind what he has said because of the strong emotive language that is used such as disgraced Shylock is telling us for the first time the pitiful and numerous ways in which he is being treated. It proves to the audience that his life must almost be a living hell. He tells us how he is not just hated and used at peoples leisure, he is made to look like a fool which can often hurt more and people go out of their way to do it. Being aware of the way he is treated and the feeble reason for it (in our eyes) we are able to understand why Shylock hates him so much and from this example it seems he has a very good reason to. Shylock goes on to try and make Salarino and Solanio understand that there really is no reason for Christians to hate Jews. Hath not a Jew eyes if you prick us do we no bleed. Shakespeare makes many of these sorts of comparisons between the Jew and everyone else. These being genuine characteristics of men Shakespeare makes us feel genuinely sorry for Shylock himself and not just for Jews in general. It seems like after this point in the play Shylock turns into a different character. We can notice this change because his obsession with money comes to an end and he is no longer interested by it. Shylock suddenly becomes so blinded by his bond and revenge that he loses most of our sympathy very quickly. if you wrong us shall we not revenge he villainy you teach me I will execute. To the audience, this sounds like an act of villainy is to come because of the strong and hate driven language used by Shylock, e. g. revenge execute. From now we fear that Shylock is going to try and get something out of this. It is as if all the ill treatment he has been receiving is going to come out and he is going to release his anger. In the last scene we see Shylock in, it is not the same Shylock we have witnessed in the early stages of the play: he is now a man fuelled by hate and anger who has set out to achieve one thing, revenge. Nothing is going to stop him from getting what he thinks is rightfully his. I shall have my bond. Even after several reasonable and eloquent pleas for mercy and offers of very generous sums of money (which used to be his life) Shylock is still intent on having his bond. We can tell this because he whets thy knife on the sole of his shoe. This action makes the scene more dramatic and we really start to see the product of all his hate bubbling inside of him. It is as if his loathing for Antonio is seeping out now because even the thought of cutting the flesh off Antonio excites him a great deal. Most learned judge. Shylock goes as far as to flatter the judge because he is so happy. This gets sickening to hear because he is not out to just prove a point, Shylock is after Antonios life and this in most peoples eyes in an unmistakeable act of villainy. When at last Portia puts an end to Shylocks cruel intension, it is not surprising that we find Shylock broken and feeble. He has been stopped dead in his tracks trying to fulfil what he thinks would be getting back some of the injustice that has faced Jews all over the world. As the penalty of Shylocks actions is given out no one stops to think about why he wouldnt give up his cause, no one cares because he is a Jew even though Antonio can see the reasoning behind it. He seeks my life, his reasoning well I know (Act 3 Scene 3). The terms he has to deal with are very severe, he has to be content with losing all his possessions and horrifically he is forced to convert to the Christian faith. It is because of these conditions that it doesnt come as a shock that his last lines are I pray you give me leave to go from hence; I am not well. These touching words are the last of a man torn by anger, hate and sorrow. This is where Shakespeares genius shows because it leaves us with the difficult task of deciding whether Shylock has got what he deserved or has been subject to an incredible injustice. To say that Shylock is a man more sinned against than sinning is a reasonable thing. As we have heard, Shylock has had so many wrong doings against him and was constantly being bombarded with acts of cruelty, that it has ultimately resulted in him losing everything he has ever cared about including his sense of self and his health. Shylock is meant to be ridiculed by the audience and even though the play is supposed to be a romantic comedy there is a hidden depth to the play. We must recognise the difference between Shylocks apparel and his personality and if we look deeply we can see that Shakespeares Shylock is not the villainous character he is made to be.

Executive Compensation essays

Executive Compensation essays This is a modification to the stock options. At the core this strategy deals with rewarding stock options and cash to its executives. A typical example of how it works: A CEO receives a contingent grant of up to 5,000 performance shares at the beginning of the year. The total shareholder return relative to an industry peer group dictates how many shares the executive actually gets. If the shareholder return value relative to the industry peer group is below then the executive would not get any shares. It the return is well above that of its industry peers then the executive gets his share. The higher the return the more shares the executive actually earns. Performance shares are usually paid out in a combination of company stock and cash, however there might be a requirement with holding the stock for a period of time after it is awarded. The advantage of this approach is that by requiring the company to outperform its peers, the plan is supposed to reduce payoffs tied only to rising stock prices. The catch here is that if the stock price is flat over a period of time and the company does better than its peers, the executives would get pay out but not shared by its investors. Since the stock market is not part of the equation the volatile stock market is not going to dictate the executive pay. I think that the method of tying bonus to the return of investment is going to gain support. Since the market became more volatile, pay experts have said stock grants may be used more widely More and more institutional investors are becoming critical of stock grants, as they are an outright gift of shares to the executives. To summarize I think that the bonus and performance shares are a good alternative ...