State law has requirements for the board of directors and-- I'm just going to talk in very basic terms.
州法对董事会有一定要求,我会用最基础的词语来说明
- Is it a character of eight bytes -- sorry -- eight bits, eight bits, eight bits, and I've done the same picture on the board.
它是一个8字节的字符--对不起-,8位,8位,8位,我在黑板上画了个一样的图。
Okay, you're right to shout out because I'm very-- I mean doing it on the board i'm very likely to make mistakes, but okay.
你大声说出来这点很好,我写板书的时候容易犯错误
If I said "chord progression"--I think we have that term up on the board today.
当我说和弦进行,我想今天我在黑板上写过这个词。
I think the simplest way to understand Modigliani-Miller proposition is the following: imagine that we, as a board, decided to pay a dividend of $5 a share.
理解莫迪利阿尼和米勒命题,最简单的方式是,假设我们构成了一个董事会,决定以每股5美元的比例发放股利
So I introduced Hirsch in that context, and now I want to go back to him a little bit and I want to work with two passages which I have sent you all in e-mail-form and which I have neglected to put on the board, but they're so short I don't think that will be necessary.
我在刚才那个问题中提到了赫施,现在我想再次讲一讲他,并分析下我用邮件发给你们的那两段话,我忘记把它们放到黑板上了,但它们很短,我想那样也没有必要。
That is, until the great archaeological discoveries of the nineteenth and twentieth centuries, which unearthed for us the great civilizations of the Ancient Near East, of which I have drawn a remarkably life-like map ] here on the board: Mediterranean, I always start with the Mediterranean Ocean, the Nile River, the Tigris and the Euphrates.
直到十九至二十世纪,一些重大的考古发现,才让我们了解到,远古近东的文明,我已经在黑板上画了一幅,栩栩如生的地图了:,地中海,我总是从地中海讲起,尼罗河,底格里斯河,还有幼发拉底河。
If you ever serve on a board of directors-- this is the thing that I want you to remember because many of you will serve on boards of directors.
假设将来大家会进入董事会,有一点我希望大家记住,因为你们中很多人将会进入董事会
I really think by being an activist and putting pressure on that board that has done nothing really--I think eventually that will happen, hopefully Maybe we'll have one or two more questions Two more questions and then we'll wrap up.
我觉得通过做一个改革者该做的,以及对现在无能的管理层施加压力,真的--如果顺利的话那终将发生,差不多再可以提一两个问题,再提两个问题然后我们就结束。
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