Distribution of Benefits (Case Study of Benefit Distribution in Chinese Listed Companies)

Author: Sun Xucai, Editor-in-Chief
Publisher:
Publish Date: 2006-01-01
Features: This book explains the distribution of interests from aspects such as dividend distribution, MBO (Management Buyout), stock options, employee stock ownership plans, and debt restructuring. We originally intended to present to everyone a benign and resource-optimizing interest distribution mechanism; a principled and merit-based interest allocation market where the strong thrive and the weak fade away. However, in this book, despite some cases that we hold in high regard, what is more prominently presented are scenes of opportunistic exploitation and chaotic disputes. This is not intentional on our part, but rather because whether we meticulously select or casually gather cases, they largely share this nature. Those revered as executors use breathtakingly bold moves to carve up state assets to the fullest, which is what is called "management buyout." Those esteemed as major shareholders employ dazzling capital operations to seize the hard-earned money of small and medium-sized shareholders, which is the real story behind some "high dividend payout" schemes.