Having Just Graduated from College, You Accept a Position with a Large

question 10

Essay

Having just graduated from college, you accept a position with a large corporation as an entry-level sales manager. After a few weeks on the job, you observe that many of your senior colleagues are not working very hard, but make a lot more money than you do. You remember learning about the "motivating discipline" of corporate takeovers within your Economics courses. Draft a memo to your colleagues explaining how corporate takeovers might impact their lives if they don't alter their behavior. Why might you hesitate to write such a letter?

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Definitions:

Charter of the Corporation

A legal document issued by a governmental authority that establishes a corporation and outlines its basic terms of operation, rights, and responsibilities.

Initial Directors

Initial directors are the first members of a corporation's board of directors, appointed at the time of incorporation to serve until the first shareholders' meeting.

Incorporator

The individual or entity responsible for creating and filing the necessary documentation to legally form a corporation with the state.

De Facto Corporation

A business entity that operates as if it were a corporation although it has not completed the legal formalities for incorporation, and may be treated as a corporation by courts.