With the distinction between pay opportunity and realizable
pay clearly drawn, we can now answer the critical questions that arise in setting executive compensation at any company, but particularly at companies where there may be a delay in translating earnings improvements into stock price appreciation.
We have consistently used realizable
pay to make comparisons between compensation and performance," said Pay Governance partner Ben Stradley.
Generally, if the taxpayer offers the net realizable
equity in his assets and the present value of five years of future income after reduction for necessary living expenses, the Service will give serious consideration to accepting the offer.
Contrary to claims made by compensation critics, there is a very strong relationship between pay and performance as reflected through realizable
pay," said Pay Governance managing partner Ira Kay.
Thus the reorganization value represents an economic value; it is the present value of the aftertax future cash flows expected to be generated by the assets making up the reconstituted entity that emerges and the net realizable
value of those assets that will be disposed of.
If a taxpayer is permitted to borrow up to the full amount of his equity in the plan, this should be taken into consideration in the computation of realizable
The company estimates that the realizable
market opportunity for venous thrombectomy now exceeds $85 million, and will grow to more than $100 million by 2010.
During 1993, the company and its subsidiary bank systematically wrote real estate assets down to estimated realizable
values, shrank the asset size of the bank and reduced salary costs and other operating expenses.
The standard will not require the disclosure of writedowns to net realizable
This increase is attributable to (i) operating income of approximately $441,917 which primarily represents interest income earned from cash and cash equivalents and (ii) the increase in real estate assets under development of $393,765, which results primarily from changes in the net realizable
value estimates of certain development projects due to the shortening of the discount period as a result of the passage of time, offset by (iii) the recording of a $469,154 increase to the reserve for option cancellations to reflect the increase in the market price of WRP's common stock between June 30, 2006 and September 30, 2006.
6 million charge for reduction in carrying value of assets to net realizable
value, net income for the third quarter of 1993 improved $1.
30, the company assesses the segment's net realizable
value and records a write-down of the related nonmonetary assets as part of an estimated loss on disposal.
0 million in our remaining real estate assets, due to a revision of the estimated selling costs and certain contractual provisions which we believed impacted the net realizable
value of our real estate assets and a $1.
While lower selling prices and unit sales contributed to lower revenues, our conservative approach to the write down of properties to net realizable
value contributed to an increase in gross profit during the quarter just ended by lowering our cost of goods sold.
The allowance for loan losses represents the quantification of management's assertion the loan portfolio is valued at its net realizable
value in accordance with generally accepted accounting principles.