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Or the insurance company could be a mutual insurance company, in which case the insurance company is owned by the insured.
保险公司也可以是互助保险公司,也就是保险公司的股东就是被保险人
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We don't have to have an "interest" in it in the sense of owning part of a company.
我们也不必对其有兴趣,不必弄得就好像我们是公司股东一样。
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So the players are going to be the two agents and they own this firm let's call it.
这两个参与人都是公司的股东,他们都持有公司的股份
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At the annual meeting, the shareholders can come and elect a board and the board then is in charge of the company.
在年会上,股东会聚集起来,选出董事会来管理公司
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But, in the purest form-- and this is the form that we have in the United States-- the company exists for the shareholders.
但在最纯粹的体系中,即美国现行体系,公司是为股东而存在的
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In a for-profit corporation, the purpose of the entity is defined as profit for the shareholders.
在一家盈利性公司中,公司的目的是为股东谋求利益
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Each agent is going to choose her effort level to put into this firm.
每个股东都要选择为公司投入多少精力
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He went there and he made a plea that General Motors should cut its dividend that it pays to stockholders, which is a reasonable thing to do.
他向管理层提出请求,希望通用汽车公司减少,支付给股东们的红利,这是一种很合理的做法
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From the standpoint of a buyer of the whole company, what do I care how the ownership of the company is divided up between debt and equity?
从公司买家的角度来说,我现在关心的只是,公司的所有权,是怎样分配给股东和债务人的
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They're the ones--there are other people who have contracts with the company, like the employees, but the employees are not shareholders; they are receiving salary or something else.
还有其他,和公司签订了合同的人,像员工,但员工不是股东,他们拿工资或其他东西
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The fundamental one is the shareholder because the shareholder owns the corporation.
最基础的关系就是股东与公司的关系,因为股东是公司的所有人
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You might say, why should a company exist for the shareholders?
你可能问,公司为何要为股东存在呢
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We're going to send a letter to all our shareholders and say, we have decided to pay a $5 dividend and so you're about to approve this at the meeting.
我们将给所有的股东寄出一封信,写着,公司决定发放每股5美元的股利,所以你们在股东大会上要通过这个提议
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The last shareholder--so a company can't buy all of its shares but it can buy some of its shares and that's another way to get money out of the company.
最后的股东...公司无法回购全部股份,但是它能购回一部分,这是另外一个收回投资的方法
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You have an incentive to say, because you're the equity holder, you have an incentive to say, hey why don't I just take some big gamble here and not tell anybody.
因为你是这家公司的股东,可能就有动力促使你这样想,我干嘛不来赌上一把呢,我不会告诉别人的
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If you have profit sharing in a firm or profit sharing in homework assignment, or any joint projects, you have to worry about too little effort being contributed because there's an externality.
如果你是一个公司的股东,或者和别人一起做作业及其他合作项目,你们需要注意到因为外部性,实际上每个人都付出了较少的努力
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Well, the company--the board of directors-- decides if and when to pay dividends to the shareholders and then the law of the state would say that they must treat them all equally.
公司,董事会,会决定何时向股东支付股利,州法规定,股东利益均等
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The purpose of the corporation is the shareholders.
公司就是为股东而服务的
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All it can do is keep piling in the money and accumulating it and then someone will buy the whole company and then all of the shareholders will be bought out at a termination date.
他们吸进资金并不断积累,然后某人会买下整个公司,在终止日期前所有股东的股票都将被买下
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We've talked about a book written by Berle and Means who said that shareholders are so dispersed that they have really no control over a company and boards of directors are self-perpetuating.
我们曾提到过一本,写的书，Berle，and，Means,书中作者提到股东们过于分散,以至于他们对公司失去了控制权,但董事会却要长久地自我续存下去。
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