Разговорный бизнес курс. Митрофанова И.В. - 34 стр.

UptoLike

Составители: 

articlesстатьи договора, статута, положения и т.д.;
sacked (fired) — (разг.) уволенный, сокращенный;
shares — акции;
shareholdersакционеры;
contributionвзнос (денежный);
to qualify for a pensionздесь обрести, получить право на пенсию;
to be compensatedполучить компенсацию;
precedentпрецедент; создать прецедент;
to take over — (в бизнесе) принять на себя руководство делом, предприятием
путем приобретения контрольного пакета акций.
UNIT 8
Risk of a Takeover
Ambrose Harper, one of the two men who founded the company of Harper & Grant
Ltd., died at the end of December. His death causes a crisis in the firm. Harper &
Grant is a private company. It was started originally by Hector Grant's father and the
late Ambrose Harper together. A private company can be formed by two or more
people. They sign a Memorandum of Association, stating the number of shares they
agree to take, and their signature is followed by the signatures of anyone else, often
members of the family, who will also take shares in the company.
In a private company there cannot be more than fifty members, or shareholders. The
authorised capital of this company was originally £ 5,000, but the company has
grown, and each £ 1 share is now worth about £ 100. Each share carries a vote at a
shareholders' meeting.
Wentworths, a large and successful firm who manufacture mattresses for beds, own
ten per cent of Harper & Grant shares. Mr. Wentworth senior was a personal friend of
Ambrose Harper. His firm now has an opportunity of buying some of the shares
formerly belonging to Harper. Hector Grant wants to stop Wenlworth getting as many
shares as he owns himself for fear of upsetting the voting power at shareholders'
meetings. If Wentworths owned fifty-one per cent of the shares they would have a
controlling interest, and would be in a very good position to take over Harper &
Grant completely in time, making it a fully owned subsidiary.
Hector Grant is personally jealous of Alfred Wentworth and does not want him to
own too many of the shares. He raises a loan, that is, he arranges with the bank to
lend him money to buy enough of the shares to outvote Wentworth's. It is a personal
loan. It is also a short-term loan. He does not only have to pay back the money he
borrowed, he also has to pay interest on it: in this case nine per cent, this is the rate of
interest. The bank manager asked for security. He wanted to hold the deeds of Grant's
house.