Does the" cooperative initiatives" mean the idea and the vision of the cooperative
" Britain's supermarkets draw inspiration from co-operative initiatives
2) To be sure if it is true,the sentence that I already published and this is:
" In a short joint statement, the two societies said they had "agreed to discuss the possibillity of a merger"
joint statement in this context means common report?
3) merger of a consumer-owned mutual retailer = what does it mean mutual here
A Mutual Society is an organisation set up and owned by its members and, theoretically, run for their benefit. The Cooperative Society is a system where members enjoy dividends by purchasing their food clothing electrical goods etc from the society's shops. In other words they are non-profit making organisations
So, Me78, a word you may come across in financial writing about the last 15-odd years (in the UK - and I'm not too sure about the number, but I think the trend started in the early '90s) is demutualization. A Mutual Society can (if enough members are in favour) sell itself (on the Stock Exchange). Of course, at the moment of the sale the current members make a profit (usually of three figures, sometimes four). Some people think this is unfair, because current members cash in the benefits built up by previous members. But a lot of these 'demutualizations' have happened - it's hard to turn down a windfall (unexpected stroke of good fortune involving no effort on the part of the recipient) like that.
Originally Posted by curmudgeon
thank you Bob, you are born for teacher
He was born with a chalk in his hand
By jiang in forum Ask a Teacher
Last Post: 27-Sep-2006, 10:32
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