2. *
*Una de las decisiones esenciales que todas las
empresas deben tomar es seleccionar una
forma legal de organización.
*Las tres formas legales más comunes de la
organización empresarial son la propiedad
unipersonal, la sociedad y la corporación.
3. *
*Propiedad Unipersonal: Es una empresa que tiene un
solo dueño, quien la administra en su propio beneficio.
*Sociedades: Esta integrada por dos o más propietarios
que realizan negocios juntos con fines de lucro.
*Corporaciones: Es una entidad creada legalmente, la
cual tiene derechos legales de un individuo, ya que
puede demandar y ser demandada, realizar contratos
y participar de ellos, y adquirir propiedades. Los
dueños son accionistas.
5. 5
*
Existen tres formas de organización empresarial:
Persona Física
Sociedad
Empresas con el derecho exclusivo de propiedad
Sociedades de abogados, contadores, etc (buffet).
Pueden ser de Responsabilidad Limitada (S. de R. L.)
Sociedad Anónima
Llamada con frecuencia “entidad legal”; puede
demandar y ser demandada, adquirir propiedades,
contratar prestamos, etc.
6. 6
*
Las partes principales de una Sociedad Anónima son:
Accionistas
Consejo de administración
Son los dueños de la empresa. Se dividen en Comunes y
Preferentes.
Grupo elegido por los accionistas el cual posee la máxima
autoridad para guiar los asuntos corporativos y establecer la
política general
Presidente o Director Ejecutivo (CEO)
Funcionario responsable de dirigir las operaciones diarias de la
empresa y ejecutar las políticas establecidas por el consejo de
administración
Propietarios
Propietarios
Asalariado
PROBLEMA DE AGENCIA !!
7. 7
*
Accionistas
Consejo de Administración
Presidente CEO
Vice - Presidente
De Finanzas CFO
Tesorero Contralor
•Inversiones de capital
•Credito y Cobranza
•Administración de efectivo
•Planeación financiera
•Fondo de pensiones
•Impuestos
•Contabilidad financiera
•Contabilidad de costos
•Contabilidad corporativa
•Auditorias internas
CONTRATA
8. 8
*
% of Shares Held by All Insider
and 5% Owners: 0%
% of Shares Held by Institutional &
Mutual Fund Owners: 75%
% of Float Held by Institutional &
Mutual Fund Owners: 75%
Number of Institutions Holding
Shares: 825
Holder Shares Reported
CANTALUPO, JAMES R. 375,521 18-Feb-04
SKINNER, JAMES A. 146,238 02-May-05
LUBIN, DONALD G. 57,380 25-Apr-05
ROGERS, JOHN W. JR. 55,000 25-Apr-05
MCKENNA, ANDREW J 38,000 27-Feb-04
MAJOR DIRECT HOLDERS (FORMS 3 & 4)
BREAKDOWN
Acciones en circulación:
1.25 B = 1,250,000,000
9. 9
*
as of May 11, 2005
Hall Adams Jr.
Edward A. Brennan
Robert A. Eckert
Retired Chairman, President and Chief Executive Officer of Sears, Roebuck and Co. Director
of The Allstate Corporation, AMR Corporation, Exelon Corporation, 3M Company and Morgan
Stanley. Class of 2007. Age: 71. Director since 2002.
Chairman and Chief Executive Officer of Mattel, Inc., a designer, manufacturer and marketer
of family products, since May 2000. From 1997 to 2000, Mr. Eckert was President and Chief
Executive Officer of Kraft Foods. Class of 2006. Age: 50. Director since 2003.
Biographical Information
Retired Chief Executive Officer of Leo Burnett & Co., Inc. Class of 2008. Age: 71. Director
since 1993.
10. 10
*
Enrique Hernandez, Jr.
Jeanne P. Jackson
Walter E. Massey
President of Morehouse College since 1995. Director of Bank of America Corporation, BP
p.l.c. and Motorola, Inc. Class of 2007. Age: 66. Director since 1998.
Chairman and Chief Executive Officer of Inter-Con Security Systems, Inc., a provider of high-
end security and facility support services to government, utilities and industrial customers.
Lead Director of Nordstrom, Inc., and Director of Tribune Company and Wells Fargo &
Company. Class of 2006. Age: 49. Director since 1996.
General Partner of MSP Capital, a consulting and investment firm she founded in January
2003. Formerly Chief Executive Officer of Walmart.com, a subsidiary of Wal-Mart Stores, Inc.,
from March 2000 to January 2002. From July 1995 to March 2000, President and Chief
Executive Officer of Banana Republic, a Gap Inc. brand. From November 1998 to March
2000, Ms. Jackson held the additional responsibility for the Gap Inc. Direct Division. Director
of NIKE, Inc., Nordstrom, Inc. and Williams-Sonoma, Inc. Class of 2006. Age: 53. Director
since 1999.
11. 11
* Pay Exercised
Mr. Jim Skinner ,
Vice Chairman, Chief Exec.
Officer and Chairman of Exec.
Committee
Mr. Michael J. Roberts , 54
Pres, Chief Operating Officer
Mr. Matthew H. Paull , 54
Chief Financial Officer and
Corp. Sr. Exec. VP
Mr. Ralph Alvarez , 49
Pres of McDonalds North
America
Mr. M. Lawrence Light , 63
Global Chief Marketing Officer
and Corp. Exec. VP
$0
Dollar amounts are as of 31-Dec-04 and compensation
values are for the last fiscal year ending on that date. "Pay"
is salary, bonuses, etc. "Exercised" is the value of options
exercised during the fiscal year.
$ 689.00K
$ 1.59M $ 795.00K
$ 1.38M $ 175.00K
$ 1.45M
$ 3.10M
$ 2.27M
KEY EXECUTIVES
$ 623.00K
