Uva-F-1560, Hertz - 1415 Words

The bidding process for Hertz began when William Ford Jr. announced plans to explore â€Å"strategic alternatives† for Hertz in April 2005. Two months later in June, an S-1 registration statement was filed setting up a â€Å"dual track process† that would result in a Hertz IPO should other sale prospects fail. This decision affects the bidding process in multiple ways. For one there is less time for the two bidding groups to come up with a price and resulting agreement. They are forced to act quickly and find a price that the Hertz management will agree upon. If they don’t do this, then Hertz will just go through with the IPO. This could lead to a driven up price, since the bidding groups will do whatever it takes to win the bid. Hertz is an†¦show more content†¦ABS debt was not only less expensive (it carried a low interest rate around 4.5%), but it provided a more flexible financing arrangement since debt could increase or decrease with fleet size. Also, senior debt and purchase price multiples had increased to 4x EBITDA and 8x EBITDA respectively. These numbers are used in coming up with a purchase price multiple, which is a key drive in finding the enterprise value. When trying to find the Enterprise Value for Hertz, the sponsor group took a couple key assumptions. First off, management had projected transaction volume to grow 6.9% in 2005, which according to the case is one of the key drivers of the rental car business. This seems to be a reasonable assumption considering that travel was starting to rebound from the lows post 9/11. Also, the Bidding group believed $400-$600 million in annual EBITDA savings was attainable by 2009 (confirmed by external industry advisors). Hertz was behind in EBITDA margins, increasing operating expenses outpacing revenue growth, the off-airport growth strategy had significant losses, higher nonfleet capital expenditures, Europe’s RAC SGamp;A was 3 times higher than those in the U.S., and return on assets lagged competitors. The bidding group thought by targeting these problem areas, and others, they could generate higher profits. Another assumption

Drugs Speech Essay - 620 Words

Speech on Drugs Paracetamol, Marijuana, Aspirin, Cocaine, Heroin... all these fancy words, what are they all, Yes they are drugs all different types of drugs. All of which have a different affect on our body, OK some more then others but they all do the same, change the way the body reacts. Before i continue let me introduce my self. My name is Muhammad Mulla and i would like to thank all of you for coming today to educate yourself towards drugs and there effect. Let me start of by telling you about drugs in general, drugs are chemical substances which have an effect on your body. There are 2 types of drugs Illegal and legal, legal drugs are ones such as paracetamol, aspirin, ibuprofen and many many many more.... But today i’m not†¦show more content†¦Also you may get memory loss. Marijuana can distort perception which may leave you unable to hear properly, see properly and may make you lose track of time, also it can make you feel anxiety, fear, distrust and make you panic. Cocaine changes numerous aspects of the body it can dilate your pupils, increase body temperature and increase heart rate and blood pressure. In the long term it can cause irregular heart attacks, chest pain and cause severe strokes. Heroin - personally i think this is the worst out of the 4, because it can stop you breathing and can kill you instantly. That is it, there is nothing much more about heroin. Well now that you know the effects of these drugs do you think you’ll be taking these drugs? Well i’ll tell you now i certainly wouldn’t be. I think the best way to prevent any of this happening is to not do it at all and stick to the legal drugs that can cure illnesses. That’s it thats the end of my speech i hope you all have more understanding and an increased knowledge of drugs and i hope you choose the right path for youShow MoreRelateddrugs speech1038 Words   |  5 Pagesï » ¿Drugs speech Good afternoon. I’m here to tell you all about the effects of drugs on your young vital stage of development. I am not here to tell you what is right or wrong but I am here to educate you in order to help you make the right decision when faced with the prospect of drugs. Drugs may seem a surprising topic at this point in time, but very soon parties will start dominating your social life and drugs and alcohol will crawl themselves in. This is a result of experimentation, curiosityRead MoreInformative Speech Outline on Addiction to Prescription Drugs799 Words   |  4 PagesInformative Speech – Topical Orientation General purpose: Addiction to prescription drugs Specific purpose: To inform my audience about the growing problem of prescription drug abuse, some common drugs that cause abuse, and their effects and some common treatments. Pattern: People living in today’s society must be aware about the dangers that prescription Drugs can cause them, as well as the people around them. Introduction: * Attention : Is it possibleRead MoreInformative Speech Study Drugs and College Students Essay1104 Words   |  5 PagesInformative Speech Study Drugs and College Students I. Introduction A. Attention Getter: I reached into my backpack, grabbed an Adderall, and went to the bathroom. I smashed it on the bathroom sink and snorted it. I went back to my class and zipped through the rest of my exam, and it made all the difference. This student incident was found in a 2005 article published by Baylor University on the alarming use of â€Å"study drugs.† B. Thesis: Many of you may be unfamiliar with such a topic,Read MoreRhetorical Analysis Of The Speech Why We Need End The War On Drugs 1433 Words   |  6 PagesRhetorical Analysis of TEDTalk In the speech â€Å"Why We Need to End the War on Drugs† given by Ethan Nadelmann, a drug policy reformist, Nadelmann gives a compelling and persuasive argument on how and why we should end the war on drugs. Nadelmann describes himself as the oldest son of a rabbi and a human rights activist who works to end the drug war. He urges that the drug war is very dynamic and what the United States is doing in relation to stop it is not effective. This helps launch into what heRead MorePersuasive Speech: We All Should Support Mandatory Drug Testing in Schools810 Words   |  4 Pagesmandatory drug testing in schools and to encourage my audience to maintain a drug-free environment in school Introduction: I. Have you ever entered your school to see men in uniform processing drug tests to all students of your school, your friends, and even people you might know who do drugs? Have you ever thought about getting caught if you’ve had taken drugs or alcohol recently? II. Mandatory and Random drug testing in schools are being more used today in our society. Mandatory drug testingRead MoreInformative Speech : Psychoactive Drugs Essay1603 Words   |  7 PagesThe second article that I felt needed revision to solidify the success of the piece was the brochure that discusses my topic of psychoactive drugs. While creating this topic in brochure form, I enjoyed the task at hand, felt at ease when creating it, so revising it would not necessarily be a burden on my part. The first major revision worth noting is the coherency. Throughout there were some word phrases that either did not flow well, were out of place, or felt too extra to the discussion at handRead MoreWelfare Drug Testing Persuasive Speech1704 Words   |  7 Pagesgovernment housing. Currently there is mass debate, in courtrooms across the U.S., regarding the legality and morality of pre-assistance drug testing. This report is intended to familiarize the reader with the history of welfar e reform; the histories of drug testing in regards to assistance eligibility; and persuade the audience to vote yes for mandatory pre-assistance drug testing. b) Body b.i) History of Welfare (b.i.1) The first welfare programs originated with the Social Security Act of 1935. (bRead MoreSpeech On Alcoholism And Drug Propaganda Essay2268 Words   |  10 PagesWell, a study done by the NCAAD (National Council on Alcoholism and Drug Dependence Inc.) that s what it feels like for 17.6 million people living in the United States who are battling alcoholism (6). The â€Å"War on Drugs† portrays the message that drugs like heroin and crack-cocaine are the dangers, but fails to mention that alcohol contributes to 3.3 million deaths annually, according to Jermaine D. Jones (6). All other drugs combined to an estimated 20,000 deaths per year. How is it possibleRead MoreThe Main Objectives Of Organizing A Speech970 Words   |  4 Pagesaudience and deliver a speech. But they wouold be more successful at delivering their speech if the speeches are well-organized. The most effective method of writing a speech is called organization, which refers to arranging speech material in a particular order. It is highly beneficial to organize the ideas that make up yo ur speech into three identifiable parts: first, an introduction, then a body, then last, a conclusion. The four main objectives of organizing a speech are to: Identify 2 toRead MoreSpeech Delay in Children Essay1262 Words   |  6 PagesSpeech and language delays can be problematic for preschoolers, school aged children and adolescents. These delays range in degree of severity and have many causes; physical and developmentally. Communication plays a specific and important role to all people, especially, preschool children who are developing speech and language skills at fast rate. The consequences of these delays can be devastating for the children affected and can follow them into adulthood. These effects may include academic problems

Slavery in the United States free essay sample

Because colonial society in America was only just beginning, in the late 1600’s and early 1700’s, tension had mounted amongst settlers, natives, and slaves. Bacon’s Rebellion was an uprising in 1676 in the Virginia Colony, led by Nathaniel Bacon. The Pueblo Revolt was an uprising of the Pueblo Indians against Spanish settlers in 1680 in New Mexico. The Stono Rebellion was a slave uprising in 1739 in the colony of South Carolina, and was the largest slave uprising prior to the American Revolution. Bacon’s Rebellion, the Pueblo Revolt, and the Stono Rebellion reflected socio-economic tensions, relations with the Native Americans, and racial tension, respectively, in colonial society, shaping colonial America in the way we know it today. I. Socio-economic tensions arose amongst the settlers and Native Americans in colonial society. A. Virginia Governor, William Berkeley, refused to retaliate for Indian attacks on frontier settlements due to the fact that he would have to then tax the wealthy, of which he was friends with. We will write a custom essay sample on Slavery in the United States or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This angered the former indentured servants, poor whites, and poor blacks that felt belittled by the disregard for their own safety in lieu of taxation on plantation owners and officials. B. Group of people, led by Nathaniel Bacon, took matters into their own hands. They attacked Native Americans, chased Berkeley from Virginia, and then burned Jamestown. This is considered a play on power by Bacon, who was angered by Berkeley favoring his own court over everyone else. The conflict reflected socio-economic tensions within colonies, between the wealthy and the poor. The alliance between former indentured servants and Africans disturbed the ruling class, who responded by hardening the racial caste of slavery. D. Bacon’s Rebellion reflected the tension between the wealthy and the poor in colonial society. It is significant because it impacted how people viewed the power structure. People were now mindful that anyone had the right to overthrow the power system. Socio-economic tensions arose because of bad relations with the Native Americans, and even drove these relations in the wrong direction. II. Relations with the Native Americans dwindled due to tension between them and the settlers’ attempts to claim the land they live on. F. The Pueblo Revolt occurred due to Spanish settlers trying to claim land in the province of Santa Fe de Nuevo Mexico, present day New Mexico. This angered most of the Pueblo Indians already living there, who rose up against the settlers. The Pueblo killed around 400 Spanish and drove the remaining 2000 settlers out of the area. However, the Spanish would return twelve years later and take the land with little opposition. H. The conflict reflected the bad relations that existed amongst the Spanish settlers and the natives. This arose mainly because of the Spanish attempting to destroy the Indians’ religion, banning traditional dances and idols. I. The Pueblo Revolt reflected tensions between Native Americans and settlers in colonial society. It is significant because it showed the capabilities that Indian tribes possessed to fight back against colonial advances. J. Settlers not only had bad relations outside of their settlements, but also faced racial tension with the slaves in their settlements. III. Racial tensions arose amongst the settlers and the slaves that were located in their settlements. K. The Stono Rebellion was a slave rebellion that occurred in the colony of South Carolina. It was the largest slave uprising at its time. It is also the earliest known organized rebellion in America. L. The uprising was led by native Africans who were Catholic and from the Kingdom of Kongo. They recruited nearly 60 other slaves and killed over 20 whites before being stopped by the South Carolina militia. M. In response to the rebellion, the South Carolina legislature passed the  Negro Act of 1740,  restricting slave assembly, education, and movement. It also put in place a ten year prohibition on importing African slaves to South Carolina. The Stono Rebellion reflected racial tensions between slaves and their holders. It is significant because it slightly changed the way that slaves were treated in America, and also inspired many more slave uprisings of its kind in the colonies. Events such as: Bacon’s Rebellion, the Pueblo Revolt, and the Stono Rebellion reflected tensions that arose in colonial America. The socio-economic tensions, relations with the Native Americans, and racial tensions among settlers, natives, and slaves, shaped colonial America to become how we know it today.