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The Sustainable Corporation

The Sustainable Corporation. Alan Palmiter Wake Forest School of Law Business Law Symposium April 1, 2011. Are we wasting our time?. Three valuation scenarios. Scenario 1 (“life is good”) Net income: $1 million Growth rate: 3% Discount rate: 12% Scenario 2 (“future is dicey”)

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The Sustainable Corporation

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  1. The Sustainable Corporation Alan Palmiter Wake Forest School of Law Business Law Symposium April 1, 2011

  2. Are we wasting our time?

  3. Three valuation scenarios Scenario 1 (“life is good”) • Net income: $1 million • Growth rate: 3% • Discount rate: 12% Scenario 2 (“future is dicey”) • Net income: $1 million • Growth: 3% (then negative) • Discount rate: 12% Scenario 3 (“future is bleak”) • Net income: $1 million • Growth: 3% (then plummets) • Discount rate: 12%

  4. Scenario 1(“life is good”) Present value $ 10,942,565 spreadsheet

  5. Scenario 2(“future is dicey”) Present value $ 10,494,649 spreadsheet

  6. Scenario 3(“future is bleak”) Present value (w/o Ltd Liab) $ 9,795,181 Present value $ 10,085,600 Limited liability spreadsheet

  7. Scenario 1 (“life is good”) Present value $ 10,942,565 Scenario 2 (“future is dicey”) Present value $ 10,494,649 Scenario 3 (“future is bleak”) Present value $ 10,085,600 Present value $ 9,795,181

  8. The Corporation … Sustainable?

  9. MORNING 8:30-8:45 Breakfast 8:45-9:00 Welcome - Dean Blake Morant 9:00-9:15 Prof. Alan Palmiter (and moderator) 9:15-10:30 Prof. Judd Snierson Prof. David Millon Prof. Dana Reiser Brakman 10:30-10:45 Break 10:45-12:00   Prof. Brett McDonnell Prof. Steve Ferrey Prof. Beate Sjafjell AFTERNOON 12:00-1:30 Lunch 1:30-2:20 Prof. Kent Greenfield (moderator) Prof. Wendy Wagner Prof. José Gabilondo 2:20-2:35 Break 2:35-3:25 Prof. David Yosifon Prof. Matt Bodie 3:25-3:30 Closing remarks Symposium Schedule

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