The road to shareowner power

A dramatic rise in shareowner power and improvements in corporate governance tan be achieved in the next few years by expanding the role of proxy advisory firms. This will require changing the way such firms are paid. They are now paid directly by investors who buy their advice; but this arrangement suffers from a free-rider problem. Instead, they should be paid by each corporation about which they are advising, in accordance with shareholder vote so as to preclude management influence. This arrangement would make it economically feasible for advisory firms to expand their services, becoming proactive like relational investors. Any proxy advisor other than the market leader Stands to gain tremendously by initiating this new System. lt would eliminate the natura1 monopoly feature of the current System, and spread the tost more equitably across all shareowners. lt would also enable proxy advisory ftrms to market their Services to individual investors via the internet

Five Thousand Feet and Below: The Failure to Adequately Regulate Deepwater Oil Production Technology

Oil and gas production in the Gulf of Mexico is an important aspect of our domestic energy strategy, and to successfully obtain oil from deep beneath the ocean floor. in thousands of feet of water, an impressive array of technology is utilized by the oil and gas industry. One of the many lessons learned, however, from the Deepwater Horizon disaster is that this technology can present significant risks to human life and the environment if it fails. This Article presents an overview of the technology used to conduct deepwater oil and gas drilling operations, and then examines how the failure to adequately regulate this risky technology played a major role in the Deepwater Horizon catastrophe. This Article also summarizes the actions taken by regulators in response, and questions whether the actions taken are sufficient to prevent another deepwater disaster. The Article concludes by suggesting a number of other actions for consideration by policymakers to reduce the risks associated with producing oil from tens of thousands of feet beneath the ocean’s floor

The BP Deepwater Horizon: A Cautionary Tale for CCS, Hydrofracking, Geoengineering and Other Emerging Technologies with Environmental and Human Health Risks

This Article first discusses the technological issues surrounding the BP Deepwater Horizon and summarizes how regulator and industry reliance on an inadequate fail-safe device played a crucial role in this disaster. Next, I discuss the fundamentals of carbon capture and sequestration, hydraulic fracturing, and geoengineering; that is, I attempt to capture what they involve, followed by the environmental and human health risks they present. I then summarize the current or proposed regulation of these technologies and analyze whether those regulations are sufficient to adequately protect human health and the environment. I conclude with recommendations for policymakers and regulators to consider in light of these rapidly unfolding technologies that, it is hoped, will provide guidance to minimize the risks associated with each of them

Summary of Dissertation Recitals Three Programs of Orchestral Music

The dissertation consisted of three conducting recitals. March 23, 2008, 2 PM, Lydia Mendelssohn Theater, Ann Arbor, Michigan. Work performed by the University of Michigan Opera Theater and University Philharmonia Orchestra. Principal cast members: Kelly Holst (coloratura-­‐ soprano), Lenora Greene (soprano), Cynthian Brundage (mezzo-­‐soprano), Bernard Holcomb (lyric tenor), Steven Tomkins (tenor), Wes Mason (baritone), Ned Hanlon (bass). Program: Postcard from Morocco, Dominick Argento. April 26, 2009, 4 PM, Hill Auditorium, Ann Arbor, Michigan. Work performed by the University of Michigan Life Sciences Orchestra. Soloists: Lenora Greene (soprano), Kristin Eder (alto), Steven Tomkins (tenor), Jesse Enderle (baritone). Program: Symphony No. 9, Ludwig van Beethoven. April 20, 2013, 7:30 PM, Palace Theater, Manchester, NH. Works performed by the New Hampshire Philharmonic. Program: Fanfare for the Common Man, Aaron Copland, The Chairman Dances, John Adams, and Symphonie Fantastique, Hector Berlioz.AMUMusic: ConductingUniversity of Michigan, Horace H. Rackham School of Graduate Studieshttps://deepblue.lib.umich.edu/bitstream/2027.42/147659/1/marklath_1.pd

The Individual and Collective Relationships of Levels of Aspiration. Expectation and Achievement to the Construct of Self Concept

A review of the literature revealed that while numerous studies exist relative to the self concept, no study was found that addressed itself specifically to the relationship and relative contribution to the self concept of aspirations, expectations and achievements. The ref ore. this study was launched addressing itself to the question, Are aspirations. expectations and achievements related to the construct of self concept? , to what extent are they related when considered as individual variables. in combinations or as a totality? The FitzGibbon Rating Scale (FRS) was used as the criterion variable. FRS scores were gathered by classroom teachers experienced with the FRS and upon whom interrator reliability data had been gathered. Data on aspirations. expectations. and achievements were gathered via a game especially designed for this study. Subjects (Ss) were 40 girls and 47 boys (N=87) enrolled in the Edith Bowen Teacher Education Laboratory School for the school year 1972-73 in grades 4, 5, and 6 at Utah State University. Results: Hypothesis 1a. the correlation between the FRS self concept scores a:.:d level of aspiration scores, was accepted in its null form. Hypothesis 1b. the correlation between the FRS self concept scores and level of expectation scores. was accepted in its null form. Hypothesis 1c, the correlation between the FRS self concept scores and level of achievement scores. was accepted in its null form. Hypothesis 2b, the correlation between the FRS self concept scores and the interrelationship scores between levels of aspiration, achievement and expectation, was accepted in its null form. Hypothesis 3. the correlation between the FRS self concept scores and the sum of the interrelationship scores among levels of aspiration, achievement and expectation, was accepted in its null form. Hypotheses 4 and 5 having to do with percent of successes and its relationship to the FRS were rejected. Hypotheses 2a, dealing with the aspiration-achievement interrelationship and its relationship to the FRS was rejected in its null form. It was the only variable studied that showed a positive significant relationship to the FRS self concept

Mothers' and fathers' perceptions of marital relationships and coparenting twins during school transition

Coparenting and the marital relationship are closely related yet distinct family subsystems hypothesized to influence one another. Little is known about these processes with consideration of more than one child in the family, which may have important implications. Here, we specifically focus on families with young twins, enabling us to account for sibling age-difference confounds, as well as due to the greater parenting demands and higher divorce rates in twin families. Using cross-lagged models for both mothers and fathers, we examined bidirectional associations between coparenting and the marital relationship during children’s transition to formal schooling. Parents of twins from 107 ‘intact’ families reported perceptions of coparenting and the marital relationship via telephone interview at Time 1 (Mchild age = 4years 8 months, SDchild age = 4.44 months) and questionnaire at Time 2 (Mchild age = 6 years, SDchild age = 6.12 months). Accounting for within-time associations and temporal stability for both mothers and fathers, coparenting was positively associated with subsequent reports of the marital relationship; there was no evidence of reciprocal associations between the marital relationship and subsequent coparenting. As children transition to primary school, the quality of coparenting may be a driver of the quality of the marital relationship for parents of twins. Those seeking to improve the marital relationship should pay due attention to perceptions of coparenting

Lone Wolf, Canis lupus, Displaced from a Kill by an Adult Black Bear, Ursus americanus, in Northeastern Alberta

Wolf (Canis lupus) packs are generally competitively dominant over Black Bears (Ursus americanus); however, less is known about lone Wolf-Black Bear interactions. We report an observation of a lone Wolf and an adult Black Bear at a kill made by the Wolf in northeastern Alberta. In this instance, the bear chased the Wolf from the kill site. Our observation supports the hypothesis that Wolf-Black Bear interactions may fit the pattern of asymmetrical interference competition when the interaction involves a lone Wolf rather than a pack

Mark Latham, violin; Liana lam, piano; Kristina Szutor, piano; Theodore Weber, cello

Mark Latham, violin; Liana lam, piano; Kristina Szutor, piano; Theodore Weber, cell

Bankruptcy laws around Europe (1850-2015): institutional change and institutional features

Despite the relevance of bankruptcy law for a number of key issues regarding business functioning and organization, little is known about the features and evolution of these legal institutions over time and space. This paper starts to fill this gap in current knowledge by analyzing a new data set providing consistent information about key features of bankruptcy law between 1850 and 2015 in the thirty largest European economies. Regarding institutional change, our analysis supports the established view of a link between macroeconomic changes and the introduction of procedures alternative to bankruptcy. However, this process shows significant differences at the national level, making it difficult to support the idea of change as the result of belonging to a given legal system (French; common law; Scandinavia; Germanic), or the degree of economic development. Instead, change in bankruptcy institutions seems to be a product of, and contributor to, the wider process of individual state formation. Similarly, the features of bankruptcy procedures seem to confirm this picture: Looking at their possible outcomes, the right to begin proceedings, and degree of application to different types of debtors, national differences appear deep and persistent, despite a generalized pattern of convergence over time toward a less punitive approach to bankruptcy