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"We have legal responsibilities to ensure that the proposed transaction serves the best interests of the 26,400 minority shareholders, many of whom are season ticket holders".
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"This transaction served to enhance the strong financial position of the group," the company said.
The partnership transactions "served no apparent business purpose for Enron," the report says.
These transactions serve to cover payments so long as there is a balance between them: local money can be exchanged against foreign money only insofar as there is a counterbalancing offer of foreign money in exchange.
But with the report's conclusion that certain transactions served no purpose other than to manipulate the reported earnings of the company -- and with certain executives personally receiving millions of dollars in undisclosed profits from their partnership dealings -- the hurdle of proving intent to commit a crime has been dramatically lowered.
As a result, we have concluded that the best way to determine whether either or both of the proposed transactions serve the public interest is to consider them in a coordinated manner at this time".
In fact, Alibaba's massive transaction simply serves to remind us all that it could have been still worse had the company opted for an even more blatant form of shutting out investors: adopting a dual or multi-share class structure.
The transaction will serve two purposes, the mayor said: It will help speed the revitalization of commerce in Downtown Brooklyn and continue the consolidation of city offices.
At the same time Carnegie had to pay about $6.1 million when it ended an interest-rate swap, a financial transaction that served as a hedge against the cost of the Zankel bonds.
For sellers in particular, PayPal and the other P2P transaction systems serve as a sort of poor man's credit-card machine.
Without the ability to collect a share of each transaction, marketplaces serving users who expect completeness face a difficult challenge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com