His brief is to restructure this ragbag of stakes to free capital for Allianz's core businesses.
The question was only devised this year in response to emerging criticism of the workings of free capital markets.
Only in Spain and Italy of the 22 countries surveyed do a clear majority of people favour free capital movements.
And new legislation passed last year allows tax free capital gains from investments in small businesses if held for more than five years.
FORBES: Sarah Palin's Kind Of Hot, But Obama Will Make Me Money in 2011
Because free capital mobility involves risks as well as opportunities.
The new conventional wisdom is that, while free capital flows bring more benefits than risks, temporary controls on capital inflows can be a useful tool to have at hand.
ECONOMIST: Can capital controls stop poor countries crashing?
Free capital, not charity, gave Buffett the opportunity to create trillions of wealth through his keen eye for economy-enhancing business concepts, and it's what Gates accessed in order to transform the world with Microsoft software.
Free capital movement and pegged exchange rates are a dangerous mix (unless the currency is fixed under a currency-board arrangement as in Hong Kong, where all local currency must be fully backed by American dollars).
Nearly 17 percent of banking professionals surveyed said most businesses are seeking loans to free capital tied up in receivables, while another 40 percent said most loan applicants are looking to borrow for other working capital needs.
Some say the lesson of the past few years is that you can't have a truly free global capital market without recurrent crises - because the free flow of capital inevitably leads to massive imbalances, and massive imbalances inevitably mean big crises when they get unwound (see my blog from 21 December).
All he has to do is free corporate capital abroad to be repatriated here tax-free just so long as companies reinvest their boodles domestically.
FORBES: You Won't Make Money Believing Nattering Nabobs Of Negativity
But they cannot surrender their peg until the country's banks are fit enough to live with a currency free to float and capital free to flee.
Companies will also now be able to sell their stakes in other firms free of capital-gains tax.
The apparent effect is to take loans and risk off banks' balance sheets and thus free up capital.
This would free up capital for the insurers to use in solving their problems with more exotic fixed-income securities.
Once Germany's tax reforms come into effect, the bank will be able to sell these free of capital-gains tax.
In fact, although it does free up capital, it shifts very little risk from banks' balance sheets, say many regulators.
Redeem on Dec. 9 and you have effectively converted a chunk of interest income into a (for you, tax-free) capital gain.
Effective risk management can help a carrier free up capital, as well.
FORBES: Analytics May Help Insurers Confront New Risk Environment
Comerica is now in league with many other financial companies that have jettisoned divisions in recent years to free up capital for other projects.
So one way of assuaging public opinion would be to act to curb free currency and capital markets, preserving free markets in goods and services.
Now some have characterised this as the banks being able to lend under the Bank of England's new Funding for Lending Scheme, free of capital charge.
He said that Buffett is effectively offering the companies to give up future profits in order to free up capital to support their extremely risky portfolios.
Regulators and major brokerage houses have been pushing for a centralized clearing solution to eliminate counterparty credit risk in order to free up capital for lending.
The U.S. essentially receives free human capital, courtesy of India.
FORBES: Want To Reduce Income Inequality? Lower The Barriers To Talented Immigrants
Eircom is planning to free up capital by selling about half of its 90-odd "depos" the offices where employees report to work, trucks are parked and cable is stored.
Really, rather than a real estate holder, think of the firm as a financing firm focused on real estate, which allows its clients to free up capital for other business uses.
FORBES: See Who Got Rich This Week: Housing Executives, Steve Ballmer and Other Screw-Ups
In addition, the plan--the fine details of which are still vague at this point--would provide some companies with tax relief and allow them to temporarily suspend dividend payments to free up capital.
They are less likely to own stocks and shares than Americans, even though some are assiduous savers against a rainy day (three-quarters of all French household financial assets are free from capital risk).
应用推荐