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Thread: mutual

  1. #1
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    Default mutual

    Hi,
    Does the" cooperative initiatives" mean the idea and the vision of the cooperative
    e.g.:
    " 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
    thanks

  2. #2
    curmudgeon's Avatar
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    Default Re: mutual

    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

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    Default Re: mutual

    Quote Originally Posted by curmudgeon View Post
    A Mutual Society is an organisation set up and owned by its members and, theoretically, run for their benefit...
    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.

    b

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    Default Re: mutual

    thank you Bob, you are born for teacher

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    Default Re: mutual

    Quote Originally Posted by me78 View Post
    thank you Bob, you are born for teacher
    Too kind

    b

    ps: say either 'verb_in_present a born some_noun' or 'verb_in_past to some_verb' - e.g. 'he is a born leader'/'he was born to lead'
    Last edited by BobK; 05-Jan-2007 at 18:20. Reason: Added ps

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    Default Re: mutual

    He was born with a chalk in his hand

  7. #7
    BobK's Avatar
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    Default Re: mutual

    Quote Originally Posted by curmudgeon View Post
    He was born with a chalk in his hand
    Yeah - couldn't let it go!

    b

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