4. Membership Point System
● Membership Point System
● Attendance: 2 points
● Analyzing/Presenting: 2 Points
● Event: 2 points
● Active Member Status: >10 points
● Obtaining more than active member points results in
distinguished member status
5. Corporate Tax Reform
Rates
● Current: 35%
● Proposed 28%
● High US taxes reduce the global
competitiveness of U.S.
multinationals
● Need tax reform, not economic
stimulus
Effects
● Global vs Territorial
● Patriotism
● No holding income overseas
● More spending/focus in U.S. on
corporate infrastructure instead of
tax structure
● American Innovation
● (Infrastructure spending = economic stimulus)
6. Corporate Tax Reform
America
“The Double
Irish”
O Tax avoidance measure in Irish law to
send royalty payments for intellectual
property from one Irish subsidiary to
another that resides for tax purposes in a
country with no corporate law
O Ex: Google
7. Chinese Economic Overhaul
and Reform
❖ U.S. – China technology tariff agreement
❖ Hong Kong – Shanghai capital market
agreement
❖ Emerging Chinese middle class
8. Spinoffs
Spinoff - The creation of an independent
company through the sale or distribution of
new shares of an existing business of a parent
company in order to focus on core business
operations.
9. MSG Spinoff
❖MSG itself was a spinoff from Cablevision Systems in 2010
❖MSG Sports, MSG Media, MSG Entertainment
❖Shareholders maintain shares but can decide to split shares or transfer
shares
❖MSG Sports
➢ revenues of $202.5 million increased 10%
❖MSG Media
➢ revenues of $166.2 million decreased 8%.
❖MSG Entertainment
➢revenues of $194.1 million increased 19%
10. Other Spinoffs
❖ Hewlett-Packard
➢ PC & Printer Business from Hardware
❖ Sears Holdings → Land’s End (2014)
❖ Safeway → Blackhawk Network Holdings (2014)
❖ Time Warner → Time Inc
➢ Separation of Entertainment & Media
❖ Kimberly-Clark Corporation → Halyard Health
❖ Modelez International → Kraft Foods Inc. (2012)
11. Younger Generation Savings DeficitCore
Issues
● Millennial’s are saving negative
amounts of money
● What does this mean?^
● Weak job market
● Heavy student debt
● Age<35 saving -2%
● Age<44 saving 3%
● Age<54 saving 6%
● Age>55 saving 13%
Effects
● No financial cushion
● Tougher job transition
● Farther from home ownership,
etc.
● This is why we have WSJBA
● Long term→ spending will be
impacted
● However overall Americans are
saving
13. Younger Generation Savings
Deficit
Video
O http://online.wsj.com/articles/savings-turn-
negative-for-younger-generation-
1415572405?mod=WSJ_hps_sections_news
More
Consideration
O Student debt has risen from from a median
6,100$ in 1995 to now 17,200$
O Solution? Government could heavily
subsidize majors with highest marginal
utility (most economic benefit ) $$$
14. Younger Generation Savings
Deficit
Solutions
● Your employer’s plan (401k)
● Employers sometimes match
● Vanguard Target Funds
● Schwab’s Index Funds
● Exchange Traded Funds
● Actively managed funds
Bottom Line
● Don’t have to invest, but start
saving
16. Wrap Up
● Present an important trend for membership points
● Attend a service event to help out the community
● Feedback survey
17. Review Articles
O http://online.wsj.com/articles/savings-turn-negative-for-younger-generation-
1415572405?mod=WSJ_hps_sections_news
O http://blogs.wsj.com/economics/2014/11/10/one-lesson-people-increasingly-learn-in-college-saving/
O http://online.wsj.com/articles/investing-options-for-a-small-budget-
1415495479?mod=WSJ_hps_sections_yourmoney
O http://online.wsj.com/articles/peter-thiel-on-why-big-companies-dont-think-like-startups-1414962990
O http://online.wsj.com/articles/what-college-can-teach-the-aspiring-entrepreneur-1414965300
O http://online.wsj.com/articles/gene-sperling-believe-it-or-not-corporate-tax-reform-is-doable-in-2015-
1412808733?KEYWORDS=corporate+tax+reform
O http://online.wsj.com/articles/we-need-tax-reform-not-stimulus-letters-to-the-editor-
1413744944?KEYWORDS=corporate+tax+reform
O http://online.wsj.com/articles/ireland-closes-one-tax-break-and-opens-another-1415149644
O http://blogs.wsj.com/pharmalot/2014/10/15/what-does-closing-the-double-irish-tax-loophole-mean-for-
pharma/
