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That gives them most of the economic benefits of a sale without an obligation to declare a capital gain.
FORBES: Sidestepping Taxes
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Lee and Bain Capital Partners, were prepared to fulfill their obligation to fund and close the Clear Channel deal, but some issues were still being worked out.
FORBES: Magazine Article
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Lee and Bain Capital Partners, were prepared to fulfill their obligation to fund and close the Clear Channel (nyse: CCU - news - people ) deal, but some issues were still being worked out.
FORBES: Clear Channel Deal Fading
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What the entity approach assumes is that the obligation of companies to a much broader range of suppliers of capital than the shareholders.
FORBES: Whose Money Is It Anyway?
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The fact is that there is no empirical basis for financialism's underlying fundamental principles--that a corporation has no obligation to society other than to maximize short-term value for its shareholders, and that the capital markets should be their own sole regulators.
FORBES: Magazine Article