Posts Tagged ‘period’
Positive part of the American economy is Private equity
August 17th, 2010
Private equity is an important and positive part of the American economy. more importantly, Private equity plays a critical role in driving its growth. Private equity, directly or indirectly, makes a major contribution to the quality of life of tens of millions of Americans. Consider:
• During the 25 years from 980 to 2005, the top-quartile private equity firms generated annualized returns to investors of 39. percent (net of all fees andexpenses). By contrast, the S&P 500 returned 2.3 percent a year during the same period. This suggests that $ ,000 continuously invested in the top-quartile PE firms during this 25-year period would have created $3.8 million in value. The same amount invested inthe public markets would have increased to $ 8,200. read Henry Kravis articles about private equity.
• Over the last five years, businesses backed by private equity increased employment an average of nine percentper year, compared to one to two percent for public companies, according to a study by the British Venture Capital Association. Go to Henry Kravis page to find more about private equity roles. A separate study by the European Venture Capital Association found that between 2000 and 2004, employment in private equity-backed companies rose by 5.4 percent, almost eight times higher than the European Union average of 0.7 percent. When the Financial Times studied the 30 largest European private equity transactions in 2003 – 04, it reported that “overall, jobs were more likely to have been gained than lost as a result of private equity-backed buys.” While similar data have not yet been developed inthe United States, there is no reason to doubt that performance here mirrors that of PE companies in other developed countries. Ask Henry Kravis for further informations
Posted in Corporate | 
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NSW moves to national industrial relations system
February 9th, 2010
NSW will join the national industrial relations system from next year, cutting red tape for more than 200,000 of the State’s mall businesses and charities.
Following negotiations with the Commonwealth, the NSW Government has agreed to participate in the national IR system, Fair Work Australia.
The decision means that, from January 2010, the Commonwealth’s Fair Work Act will cover every employer and employee in the private sector in NSW. About half a million workers in the private sector in NSW will come under the umbrella of the national IR system from next year.
The decision includes the following arrangements:
- Seven members of the NSW Industrial Relations Commission will be appointed to Fair Work Australia;
- Fair Work Australia will be located in the Hunter and the Illawarra as well as Sydney; and
- The Fair Work Ombudsman and the NSW Office of Industrial Relations will work together for a period of 3½ years to ensure that employers and employees know their rights and responsibilities in the national system.
The NSW Government will introduce an urgent Bill into Parliament for the referral of industrial relations powers to the Commonwealth.
Posted in Corporate |
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