History 1807 Lecture Notes - Lecture 7: Profit Sharing
24 Apr 2019
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Document Summary
China was becoming one of the leads in advancing their economy, but then they decided to ban exploration which stunted their economic growth. Minimized exposure to losses by organizing each branch as a separate partnership. Profit sharing arrangements to partners as incentive plan. Once dad and founder died, the business went way downhill and they had to close many of their branches and got kicked out of florence. People are going to great lengths to trade with foreign lands. Temptations to enrich themselves rather than their employers. A lot of england"s wealth came from india. Gave money to gov for war against britain in exchange for interest on his investment. Then the bubble burst and everyone wanted their money back, his bank went bankrupt and le fled to. In his trading industry, he kept his books very organized and clean. They were independent but worked together for a collective goal. Jordan stock company funds expenditure, reduce pressure from the investors.
