Stan Smith, a business insurance client, owns a rapidly growing firm with two minority stockholders.

We can write your essays! Let our essay writing experts help you get that A in your next essay. Place your order today, and you will enjoy it. No plagiarism.


Order a Similar Paper Order a Different Paper

Stan Smith, a business insurance client, owns a rapidly growing firm with two minority stockholders. As CEO, he asks for advice in dealing with the following:1. The firm has a number of salespersons, but one, Betty, is the superstar in terms of generating and closing deals. Stan is concerned with the loss of income, the extra expenses, and the potential effect on the corporate credit rating if Betty were to die. What can you suggest as a solution, and how might it be funded?2. The two minority stockholders who own a total of 40 percent of the voting stock are also corporate vice presidents. The have expressed concern to Stan about their future because, if he were to die, his majority shares would pass to his playboy son Lance. Lance has already indicated he would change the operations significantly to focus on current returns to the owners rather than long term growth. What could you suggest as a means to financially protect their interests of both Stan’s estate and the two minority stockholders in the event of Stan’s death? How might your recommended solution be funded?3. Stan feels that because the business is growing rapidly due to the very productive contributions of his employees, as an employee benefit, they should all be provided with life insurance protection equal to two times their salary. What would you suggest as a cost-effective way to accomplish this objective?

Writerbay.net

Everyone needs a little help with academic work from time to time. Hire the best essay writing professionals working for us today!

Get a 15% discount for your first order


Order a Similar Paper Order a Different Paper