The purpose of the study is to extend further from the result studying overconfidence effects of CEOs on single deal of Malmendier and Tate (2008)’s article to study overconfidence effects of CEOs on multiple mergers and acquisitions. Based on the psychological and financial theories, the likelihood of overconfident CEOs acquiring a company is the net effect of two manifestations of overconfide...

AAAS Chief Executive Officer Alan I. Leshner, Ph.D., executive publisher of the journal Science, offered the following comment regarding a proposed amendment to the House Fiscal Year 2010 Labor, Health, and Human Services and Education Appropriations bill. The amendment, set forth by U.S. Congressman Darrell Issa (R-California), reportedly was scheduled for discussion on the floor of the U.S. H...

842 December 2014, Vol. 104, No. 12 The new board of the Hospital Association of South Africa (HASA), elected at its annual general meeting shortly after the association’s annual conference in Sandton this October, brings added depth and a wide variety of skills to the seismic shifts changing the face of healthcare delivery in South Africa. Pledging her association to work with government in fu...

The percentage of S&P500 firms that offer ex-ante severance agreements to their CEOs grew from 20% in 1993 to more than 55% in 2007 despite controversial discussions on executive severance contracts in the media and academic studies. In addition, about 40% of firms offer their CEOs severance contracts with cash-only payouts. Our paper focuses on this recent spread of ex-ante CEO severance agree...

Two hundred and forty avian broilers were equally divided into four groups, and raised with a corn-soybean basal diet or the same diet supplemented with 300, 600, 900 mg/kg NiCl2 for 42 days. Numbers or percentages of apoptotic splenocytes by flow cytometry (FCM) and TUNEL were higher (p < 0.05 or p < 0.01) in the 300, 600 and 900 mg/kg groups than those in the control group. Results measured b...

The purpose of this study was to investigate the serum oxidative stress induced by dietary nickel chloride (NiCl2) in broilers. A total of 240 oneday-old avian broilers were divided into four groups and fed on a corn-soybean basal diet as control diet or the same basal diet supplemented with 300 mg/kg, 600 mg/kg and 900 mg/kg NiCl2. During the experimental period of 42 days, oxidative stress pa...

The purpose of this study was to investigate the oxidative damage induced by dietary nickel chloride (NiCl2) in the intestinal mucosa of different parts of the intestine of broilers, including duodenum, jejunum and ileum. A total of 240 one-day-old broilers were divided into four groups and fed on a corn-soybean basal diet as control diet or the same basal diet supplemented with 300, 600 or 900...

We examine the role of founders as directors by examining executive compensation, CEO retention policies, and M&A decisions in firms where founders serve as a director with a nonfounder CEO (founder-director). We find that founder-director firms offer a different mix of incentives to their CEO than other firms. Pay for performance sensitivity for non-founder CEOs in founder-director firms is al...

The sale of KTRU's tower, license and frequency to KUHF at the University of Houston has been approved, as announced by the Federal Communications Commission last Friday. The administration told KTRU students on Wednesday that their programming will be discontinued at 6 a.m. on April 28, and the sale will be closed on May 3. KUHF CEO and General Manager John Proffitt said their new, second stat...

Health tourism is of growing interest for tourism destinations and serves as a key theme to add value and to diff erentiate destinations’ tourism product and service bundles. In tourism research recent studies underline the importance of various forms of health tourism in the Alps. However, due to the fact that health tourism defi nitions vary greatly amongst academics one can hardly assess the...