Hi Tutor,

Please help me with the Question below.Thanks!

1/Early 2000 years were famous for corporate scandals (Enron, Worldcom, and Tyco) Please give a recent example of an agency problem or scandal that came to light in the media. Make a reference to the textbook and state what type of conflict you are describing. (Stockholders vs. managers, managers vs. creditors, etc) Provide your reference. 2/ Top of FormRecently, several US firms have either tried to relocate, are in the process of relocating or have already set their headquarters abroad in order to reduce their US tax liability. Please give an example of these firms and mention if they merged with a foreign company or was a pure relocation. Provide your reference. 3/ Explain why cash flows are often more important than profits. 4/ Which one is better? Operating cash flow (OCF)? Earnings before extraordinary items (EBEI)? Earnings before interest and tax (EBEI)? Economic value added (EVA)? Market value added (MVA)? Free cash flow (FCF)? Net operating profit after taxes (NOPAT)? Free cash flow (FCF)? Why do we have so many measures? Which one is better for an investor? For an analyst? For society? Note: Make your argument for only one measure. 5/Let's build a list. Besides Enron, AOL and Worldcom, what companies have been forced to restate their accounting reports in recent years? Please describe briefly the type of manipulation in which they were involved. Include your reference. 7/ Let's build another list What companies have decided to expend executive options? What is your opinion on this choice? Include your reference. 8/ Go to http://www.sectorspdr.com/sectorspdr/ . There are 11 tickers there. Each represents a sector of the economy. Pick one of these sectors and get the basic information for the sector (sector name, current price, # holdings, five largest companies included in this sector) Some of the information can also be obtained from Yahoo! Finance I expect one student to explain what an ETF, SPDRs and SPDR ETFs are