Now what's our mantra of this day and age I wonder?

And the equity holders get wiped out, the old equity holders.

It's the split of just the equity part right over here

Uh,we were wondering about one of frobisher's shareholders.

In the next step, we built the network around these companies, so we took all the TNCs' shareholders, and the shareholders' shareholders, etc., all the way upstream, and we did the same downstream, and ended up with a network containing 600,000 nodes and one million links.

What kind of fugitive?

So what did we find after computing all this network control?

Ownership has its privileges.

He still owns 7 of the company.

I'm the sole shareholder.

This is my equity.

Now, what happens if IBM issues a dividend?

The shareholder's meeting was held.

And it's been a great motivator.

And if there wasn't enough money to pay all of the debt holders, then the equity holders got nothing.

Yes, I'm a stockholder.

goodness.

He'll be impaired a little bit.

Stockbroker.

Stockbroker?

So 5 million of liabilities.

I don't give it to my employees.

Not the old shares.

liabilities plus equity.

Should Shareholders Be Kings?

In a world without leverage so if I didn't have all this

And then each of these guys would get 5.00.

because they're both on the right hand side.

And he owes this is his asset, and his liabilities is he owes one share of IBM to the broker.

But it's really a measure of the same thing.

liquidate it.

But they come back.

This is the building.

I own the controlling stock of the Messenger.

Handing the reigns to aa stump!

Do you know who the biggest shareholder is?

One of them is our old friend Hobbes.

The board of directors of a firm is essentially elected by the shareholders.

I owe these people that money is 700 and my equity is 300.

And it's usually reflected in the stock price.

So essentially, whoever lent Loan C, all of these shares are now their shares.

Shareholders are going to go after the rest of Frobisher's fortune.

They have investors, they have shareholders. Shit like that.

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

But then the banks will come back with new equity.