Farmer Brothers Company Proxy Contest: A Corporate Governance Case Study

In 2019, Farmer Brothers, a coffee and tea producer and distributor, was facing its second challenge to its board of directors from dissident founding family shareholders, who no longer held a controlling interest in the firm. Farmer Brothers defeated its first proxy contest in 2016, with shareholders and a major shareholder advising firm, International Shareholder Services, endorsing management. Since then, the performance of the company had declined, and its CEO replaced in May 2019. A new set of dissenting shareholders included the granddaughter of founder Roy Farmer and a former board of director member. The dissident shareholders were accusing Farmer Brothers’ management of failure to create firm value and of poor financial and operating performance from 2017 to 2019. Farmer Brothers shareholders needed to decide whether to support Farmer Brothers management’s slate of directors or director candidates promoted by dissident shareholders. This case study combines financial analysis (ratio and financial statement analysis, stock price performance, and firm valuation) with a close look at corporate governance

Ethical dilemmas when using citizen science for early detection of invasive tree pests and diseases

The early detection of tree health pests and disease is an important component of biosecurity to protect the aesthetic, recreational and economic importance of trees, woodlands and forestry. Citizen science is valuable in supporting the early detection of tree pests and diseases. Different stakeholders (government, business, society and individual) will vary in their opinion of the balance between costs and benefits of early detection and consequent management, partly because many costs are local whereas benefits are felt at larger scales. This can create clashes in motivations of those involved in citizen science, thus leading to ethical dilemmas about what is good and responsible conduct for the use of citizen science. We draw on our experience of tree health citizen science to exemplify five dilemmas. These dilemmas arise because: the consequences of detection may locally be severe (e.g. the destruction of trees); knowledge of these impacts could lead to refusal to make citizen science reports; citizen science reports can be made freely, but can be costly to respond to; participants may expect solutions even if these are not possible; and early detection is (by definition) a rare event. Effective engagement and dialogue across stakeholders, including public stakeholders, is important to properly address these issues. This is vital to ensure the public’s long-term support for and trust in the use of citizen science for the early detection of tree pests and diseases

Phospholipid anaysis of extant microbiota for monitoring in situ bioremediation effectiveness

Two sites undergoing bioremediation were studied using the signature lipid biomarker (SLB) technique. This technique isolates microbial lipid moieties specifically related to viable biomass and to both prokaryotic and eukaryotic biosynthetic pathways. The first site was a South Pacific atoll heavily contaminated with petroleum hydrocarbons. The second site was a mine waste reclamation area. The SLB technique was applied to quantitate directly the viable biomass, community structure, and nutritional/physiological status of the microbiota in the soils and subsurface sediments of these sites. All depths sampled at the Kwajalein Atoll site showed an increase in biomass that correlated with the co-addition of air, water, and nutrients. Monoenoic fatty acids increased in abundance with the nutrient amendment, which suggested an increase in gram-negative bacterial population. Ratios of specific phospholipid fatty acids indicative of nutritional stress decreased with the nutrient amendment. Samples taken from the mine reclamation site showed increases in total microbial biomass and in Thiobacillus biomass in the plots treated with lime and bactericide, especially when a cover soil was added. The plot treated with bactericide and buffered lime without the cover soil showed some decrease in Thiobacillus numbers, but was still slightly higher than that observed in the control plots

Orbital currents and charge density waves in a generalized Hubbard ladder

We study a generalized Hubbard model on the two-leg ladder at zero temperature, focusing on a parameter region with staggered flux (SF)/d-density wave (DDW) order. To guide our numerical calculations, we first investigate the location of a SF/DDW phase in the phase diagram of the half-filled weakly interacting ladder using a perturbative renormalization group (RG) and bosonization approach. For hole doping delta away from half-filling, finite-size density-matrix renormalization-group (DMRG) calculations are used to study ladders with up to 200 rungs for intermediate-strength interactions. In the doped SF/DDW phase, the staggered rung current and the rung electron density both show periodic spatial oscillations, with characteristic wavelengths 2/delta and 1/delta, respectively, corresponding to ordering wavevectors 2k_F and 4k_F for the currents and densities, where 2k_F = pi(1-delta). The density minima are located at the anti-phase domain walls of the staggered current. For sufficiently large dopings, SF/DDW order is suppressed. The rung density modulation also exists in neighboring phases where currents decay exponentially. We show that most of the DMRG results can be qualitatively understood from weak-coupling RG/bosonization arguments. However, while these arguments seem to suggest a crossover from non-decaying correlations to power-law decay at a length scale of order 1/delta, the DMRG results are consistent with a true long-range order scenario for the currents and densities.Comment: 24 pages, 17 figures. Follow-up to cond-mat/0209444. (v2) Some revisions in text, improved presentation. Minor changes in title, abstract and reference

Magnetic field diagnostics and spatio-temporal variability of the solar transition region

Magnetic field diagnostics of the transition region from the chromosphere to the corona faces us with the problem that one has to apply extreme UV spectro-polarimetry. While for coronal diagnostic techniques already exist through infrared coronagraphy above the limb and radio observations on the disk, for the transition region one has to investigate extreme UV observations. However, so far the success of such observations has been limited, but there are various projects to get spectro-polarimetric data in the extreme UV in the near future. Therefore it is timely to study the polarimetric signals we can expect for such observations through realistic forward modeling. We employ a 3D MHD forward model of the solar corona and synthesize the Stokes I and Stokes V profiles of C IV 1548 A. A signal well above 0.001 in Stokes V can be expected, even when integrating for several minutes in order to reach the required signal-to-noise ratio, despite the fact that the intensity in the model is rapidly changing (just as in observations). Often this variability of the intensity is used as an argument against transition region magnetic diagnostics which requires exposure times of minutes. However, the magnetic field is evolving much slower than the intensity, and thus when integrating in time the degree of (circular) polarization remains rather constant. Our study shows the feasibility to measure the transition region magnetic field, if a polarimetric accuracy on the order of 0.001 can be reached, which we can expect from planned instrumentation.Comment: Accepted for publication in Solar Physics (4.Mar.2013), 19 pages, 9 figure

Translation to practice: a randomised controlled study of an evidenced based booklet targeted at breast care nurses in the United Kingdom

BACKGROUND: In the United Kingdom (UK), it was documented that a problem of knowledge transfer existed within the speciality of breast-cancer care, thus depriving patients of receiving optimal care. Despite increasingly robust research evidence indicating recommendation of whole body exercise for people affected by breast cancer, commensurate changes to practice were not noted amongst breast-care nurses (BCNs). AIM: To evaluate the effect of a targeted booklet, Exercise and Breast Cancer: A Booklet for Breast-Care Nurses, on changes in knowledge, reported practice, and attitudes of BCNs in the UK. METHOD: A prospective, experimental approach was used for designing a pre- and post-test randomised controlled study. Comparisons of knowledge, reported practice, and attitudes based on responses to a questionnaire were made at two time-points in two groups of BCNs (control and experimental). The unit of randomisation and analysis was hospital clusters of BCNs. The sample comprised 92 nurses from 62 hospitals. Analysis consisted of descriptive statistics and clustered regression techniques: clustered logistic regression for knowledge items, clustered linear regression for knowledge scores, ologit for attitude and reported practice items, and clustered multiple regression for paired and multiple variable analysis. RESULTS: A statistically significant increase in knowledge and changes in reported practice and attitudes were found. Robust variables affecting knowledge acquisition were: promotion of health, promotion of exercise, and understanding how exercise can reduce cancer-related fatigue. DISCUSSION: The study has shown that evidence-based printed material, such as an information booklet, can be used as an effective research dissemination method when developed for needs, values, and context of a target audience. CONCLUSIONS: This practical approach to research dissemination could be replicated and applied to other groups of nurses.</p

Competing Orders in Coupled Luttinger Liquids

We consider the problem of two coupled Luttinger liquids both at half filling and at low doping levels, to investigate the problem of competing orders in quasi-one-dimensional strongly correlated systems. We use bosonization and renormalization group equations to investigate the phase diagrams, to determine the allowed phases and to establish approximate boundaries among them. Because of the chiral translation and reflection symmetry in the charge mode away from half filling, orders of charge density wave (CDW) and spin-Peierls (SP) diagonal current (DC) and $d$-density wave (DDW) form two doublets and thus can be at most quasi-long range ordered. At half-filling, umklapp terms break this symmetry down to a discrete group and thus Ising-type ordered phases appear as a result of spontaneous breaking of the residual symmetries. Quantum disordered Haldane phases are also found, with finite amplitudes of pairing orders and triplet counterparts of CDW, SP, DC and DDW. Relations with recent numerical results and implications to similar problems in two dimensions are discussed.Comment: 16 pages, 5 figures, 4 tables. Revised manuscript; a misprint in Eq. B3 has been corrected. The paper is already in print in PR

Software engineering techniques for the development of systems of systems

This paper investigates how existing software engineering techniques can be employed, adapted and integrated for the development of systems of systems. Starting from existing system-of-systems (SoS) studies, we identify computing paradigms and techniques that have the potential to help address the challenges associated with SoS development, and propose an SoS development framework that combines these techniques in a novel way. This framework addresses the development of a class of IT systems of systems characterised by high variability in the types of interactions between their component systems, and by relatively small numbers of such interactions. We describe how the framework supports the dynamic, automated generation of the system interfaces required to achieve these interactions, and present a case study illustrating the development of a data-centre SoS using the new framework

The shocking state of apatite and merrillite in shergottite Northwest Africa 5298 and extreme nanoscale chlorine isotope variability revealed by atom probe tomography

The elemental and chlorine isotope compositions of calcium-phosphate minerals are key recorders of the volatile inventory of Mars, as well as the planet’s endogenous magmatic and hydrothermal history. Most martian meteorites have clear evidence for exogenous impact-generated deformation and metamorphism, yet the effects of these shock metamorphic processes on chlorine isotopic records contained within calcium phosphates have not been evaluated. Here we test the effects of a single shock metamorphic cycle on chlorine isotope systematics in apatite from the highly shocked, enriched shergottite Northwest Africa (NWA) 5298. Detailed nanostructural (EBSD, Raman and TEM) data reveals a wide range of distributed shock features. These are principally the result of intensive plastic deformation, recrystallization and/or impact melting. These shock features are directly linked with chemical heterogeneities, including crosscutting microscale chlorine-enriched features that are associated with shock melt and iron-rich veins. NanoSIMS chlorine isotope measurements of NWA 5298 apatite reveal a range of δ37Cl values (-3 to 1 ‰; 2σ uncertainties 37Cl values can be readily linked with different nanostructural states of targeted apatite. High spatial resolution atom probe tomography (APT) data reveal that chlorine-enriched and defect-rich nanoscale boundaries have highly negative δ37Cl values (mean of -15 ± 8 ‰). Our results show that shock metamorphism can have significant effects on chemical and chlorine isotopic records in calcium phosphates, principally as a result of chlorine mobilization during shock melting and recrystallization. Despite this, low-strain apatite domains have been identified by EBSD, and yield a mean δ37Cl value of -0.3 ± 0.6 ‰ that is taken as the best estimate of the primary chlorine isotopic composition of NWA 5298. The combined nanostructural, microscale-chemical and nanoscale APT isotopic approach gives the ability to better isolate and identify endogenous volatile-element records of magmatic and near-surface processes as well as exogenous, shock-related effects