Director compensation can potentially represent an ethical minefield. When faced with supporting strategic decisions that can lead to an increase in director pay, directors may consider their own interests and not solely those of the shareholders to whom they are legally bound to represent. In such cases, directors essentially become agents, rather than those installed to protect principals (shareholders) from agents. Using acquisitions as a study context, we employ a matched-pair design and find a statistically significant difference in outside director (...) compensation between acquiring and control firms. Outside directors of acquiring firms earn more than twice as much as their counterparts in the matched-sample. (shrink)

Stated briefly, the problem of this thesis centers around Jonathan Edwards' interpretation and meaning of freedom of the will and the contrast of this to the meaning employed by St. Thomas. Jonathan Edwards was a defender of the doctrines of John Calvin. His work, The Freedom of the Will, is directed to a defense of two particular Calvinistic doctrines, primarily the absolute sovereignty of the divine will and secondarily the predestination of man, by showing that freedom of the will is (...) no~ incompatible with this absolute sovereignty and predestination. However, in the presentation of his defense, the author feels that the solutions to the conflicts and problems which necessarily arise in the discussion of such a difficult topic present considerable variation to views held by St. Thomas. It is the purpose of this thesis to analyze the solutions to these conflicts and problems and to indicate any differences that may be discovered between Edwards' interpretation of the freedom of the will and that of St. Thomas. It should be.noted that the original work of Jonathan Edwards bore the title: A careful and strict Enquiry into The modern prevailing Notions Of That FREEDOM OF WILL, Which is supposed to be essential To Moral Agency, Virtue and Vice, Reward and Punishment, Praise Blame. Since that time, the title has been considerably shortened so that the work has come to be known simply as the Freedom of the Will, and is often referred to, for brevity, simply as the Inquiry. Edwards' work was written in 1754 and first published in that ea.me year in Boston by S. Kneeland. The text used in this paper is one edited by Paul Ramsey from this original edition. One precautionary warning must be given. Because of the several changes that occur in a language over a long period of time, some one hundred to two hundred years in this case, the reader will note what appear to be errors in grammar, spelling and punctuation, not only in the works of Edwards himself, but also in related writing by subsequent authors. No attempt has been made by the author of this present work, to change any such "apparent" errors. Excerpts used have been quoted as they appeared in the works cited. Any structural changes that may have been made in the writings of Edwards were the doings of those who edited them. In view of the brevity of such a work as this in contrast to the profundity and depth of the man, Jonathan Edwards, whose Freedom of the Will is the fulcrum of this paper, no consideration can be given to the personality behind the writings. Consequently, any criticisms or refutations that may occur are to be referred only to what Edwards said, as expressed in his writings and in the reviews of others, and in no way are to be interpreted as a defamation of his character. Jonathan Edwards was an upright man of firm belief and constant devotion and dedication to his cause. The present work is not a character analysis or investigation. It seeks only to illuminate what the man said and to view this in the ever-awing light of truth. (shrink)

Energy innovation offers us our best chance to solve the three urgent and interrelated problems of climate change, worldwide insecurity over energy supplies, and rapidly growing energy demand. But if we are to achieve a timely transition to reliable, low-cost, low-carbon energy, the U.S. energy innovation system must be radically overhauled. Unlocking Energy Innovation outlines an up-to-the-minute plan for remaking America's energy innovation system by tapping the country's entrepreneurial strengths and regional diversity in both the public and private spheres. The (...) authors map three waves of energy innovation to show how we can speed up the introduction of new technologies and business models and accelerate their deployment on a massive scale. "Business as usual" will not fill the energy innovation gap. Nor will wishful thinking--common enough today, with politicians and others talking up some technologies, talking down others, and claiming that if we price it, or if we mandate it, or if we simply say it often and inspiringly enough, the innovations will flow. Only the kind of systemic, transformative changes to our energy innovation system described in this provocative book will help us avert the most dire scenarios and achieve a sustainable and secure energy future. (shrink)