Wrigley Jr. Company Essay Example for Free

Wrigley Jr. Company Essay 1.0 Introduction In June 2002 Blanka Dobrynin, a managing director of Aurora Borealis hedge fund, considers the possible gains from increasing the debt capitalization of The Wm. Wrigley Jr. Company. Blanka suggests Wrigley raise the amount of $3 billion in debt of the capitalization while Wrigley has been conservatively financed and remained no debt at the end of 2001. This report is aiming to analyze whether Wrigley should use $3 billion debt recapitalization to either pay dividends or to repurchase shares. 2.0 Current Capital Structure Generally, firms can choose among various capital structures in order to maximize overall market value of the company. It is proposed however, that Wrigley issues $3 billion in debt. According to the trade-off theory, the optimal capital structure does exist (Kraus and Litzenberger, 1973). The higher level of debt may increase both bankruptcy and financial cost that lead the firm to go or avoid bankruptcy. However, there are several advantages of raising debt capital. Firstly, tax-deductions which decrease the cost of debt. Secondly, stockholders do not have to share the profit when the firm has excess, as debt holders are limited to their fixed return. Finally, stockholders do have voting right but debt holders do not which means the stockholders are controlling the business. 3.0 The Impacts of Proposed Changes The decision to increase $3 billion debt capitalization of the Wm. Wrigley Jr. Company by Blanka Dobrynin is to optimize the total value of the company. Firms are often inclined to choose debt over equity in order to use the tax shield. As the increasing of $3 billion debt in Wrigley’s capital structure, its equity value will increase by $1.2 billion due to the tax shield. Also this proposal of recapitalization will help Wrigley’s equity decrease by only $1.8 billion when they payout $3 billion debt, due to the offset by the $1.2 billion tax shield. According to our calculations, through recapitalization Wrigley’s total asset will be $14,459,826, which consists of $3,157,127 debt and $11,302,699 equity. In general, firms prefer to keep a higher level of debt/equity ratio to obtain larger total capital to increase the firm’s total value. But it is obvious that more debt means more risk and more payout. By assessing the spreadsheet, it suggests several reasons for and against the acquisition of debt. If the Wrigley’s debt increases, its credit rating will drop from AAA to BB, which leads to more cost of future financing and value of stocks. However, as debt can increase firm value up to a degree, we recommend that Wrigley’s find an optimal capital structure through further analysis of whether $3 billion of debt provides the smallest possible Weighted Average Cost of Capital (WACC) for the firm. 3.1 Flexibility and Reserves According to Denis (2011), financial flexibility is the ability of a firm to make decisions and handle problems timely. Moreover, the firm should always maximize their firm value on any unexpected changes in investment opportunity and cash flows of the firm. In addition, the firm should prudently raise their capital in the good times to avoid stretching their capabilities too far, and in order to preserve their ability to choose to either borrow or issue equity in future times of need. Therefore, the lower level of firm’s debt, the more financial flexibility a firm has (Investopedia, 2014). Due to that $3 billion new debt existing, the financial flexibility of Wrigley will decline; this financial activity leads to lower ability to borrow money in the future if there are any profitable investment opportunities or any unexpected internal or external shocks. 3.2 The Book and Market Price per Share As is visible from the Appendix One, the decision of how to use the funds raised through debt is an important one as it will impact both the price per share and the book value per share. The price per share will decrease to $48.63 if the debt raised is used to pay out a dividend (decrease in the value of equity), whereas the price per share will increase to $61.53 if it is used to repurchase shares. However, the issuance of debt can have signalling effects for investors. Generally, when firms issue debt it signals to investors that the firm is in a good financial situation as the firm is able to undertake repayments of future interest. Furthermore, the clientele effect can impact the stock price because it assumes that the investors are attracted to the company for its policies and when these change the investors will react and adjust their stock accordingly (Moles Terry, 2005). In addition to this, the issuance of debt and repurchase of stock could signal to investors that managers believe the stock in undervalued. Despite this change in price, the Weighted Average Cost of Capital (WACC) will give a more accurate representation of what the change in capital structure implies for the firm, by taking account the costs of debt. 3.3 Weighted Average Cost of Capital Before recapitalisation Wrigley’s WACC was equal to it’s cost of equity (ke), which was calculated at 10.95%. After capitalisation it was found that Wrigley’s WACC decreased to 10.29%. This follows the general pattern of increasing debt resulting in a lower WACC. The cost of debt (kd) rate of 13% was used after we assessed the key industrial financial ratios and compared  them with that of Wrigley’s (See Appendix 2) to conclude that it was in the range between the BB rate of 12.753% and B 14.663% (see Appendices 3 4). Although WACC has decreased, which means that every $1 that Wrigley raises in capital from investors it must pay at least $10.30 in return, it’s Beta has increased from 0.75 to 0.87. This means that Wrigley’s investment is still less volatile than the market, but it has become more in line with the market after recapitalisation. However Beta will not incorporate the risk of financial distress that becomes present once Wrigley have taken out the debt. 4.0 Conclusions and Recommendations Therefore, from our analysis we know that an increase in debt can have adverse affects on flexibility and can have costs associated such as bankruptcy, agency and distress costs, however, due to the tax shield affects and the decrease in WACC we believe there should an increase in the level of debt. In addition, the share price change is not consistent with the change in WACC and it could be assumed that the distress costs associated with the increase in debt would mean the price would actually remain relatively steady to reflect the negligible change. We recommend that Wrigley issue $3 billion of debt in the form of share repurchase plan because this scenario has no defining impact upon WACC – slightly decreasing from 10.95% to 10.29%, and as a company’s main goal is to increase its’ shareholders value. Furthermore there are fewer risks in terms of clientele effect and signalling effect, while also allowing the Wrigley family to maintain their control with their high portion of shares. However, we recommend further analysis to determine what is the optimal level of debt by finding the lowest possible WACC, and therefore maximising the company’s value. 5.0 Reference List DeAngelo, H., DeAngelo, L., Whited T.M., (2011) Capital structure dynamics and transitory debt. Journal of Financial Economics, 99, 235–261. Denis, D J. (2011) Financial flexibility and corporate liquidity. Journal of Corporate Finance, 17(3), 667-674. Franco Modigliani; Merton H. Miller . (Jun., 1958) The American Economic Review, Vol. 48, No. 3. , pp. 261-297. Investopedia. (2014). Complete Guide To Corporate Finance. Retrieved from http://www.investopedia.com/walkthrough/corporate-finance/5/capital-structure/capital-structure.aspx Investopedia (2014). Optimal Capital Structure. [ONLINE] Available at: http://www.investopedia.com/terms/o/optimal-capital-structure.asp. [Last Accessed 19 Aug 2014]. Kraus, A. and R. Litzenberger (1973). A State-Preference model of optimal financial leverage. Journal of Finance, Vol. 28, pp. 911-922. Moles, P., Terry, N. (2005). Clientele effect. The Handbook of International Finance Terms. Retrieved from http://www.oxfordreference.com.ezp01.library.qut.edu.au/view/10.1093/acref/9780198294818.001.0001/acref-9780198294818-e-1351 Myers, S.C. (2001). Capital structure. Journal of Economic Perspective, Vol. 15, pp. 81-102. Tsuji, C. (2012) A discussion on the signalling hypothesis of dividend poilcy. The Open Business Journal, 5, 1-7. Retrieved from http://benthamopen.com/tobj/articles/V005/1TOBJ.pdf

Best source of funding for research organization Essay Example for Free

Best source of funding for research organization Essay There are a number of ways of funding research programs to help medical clinics; we may have an aspect where the government lends a hand or seeking the indulgence of the pharmaceutical companies. (NCSL, 2014) The above stated are two of those ways. Acceptance of offers to carry out research depends on the wishes of beneficiaries; they get to choose whom they perceive to be their best options. (U.S. Congress, 2006) Grants by the federal government may be defined as the assistance in monetary terms offered by the American government. (NIST, 2014)The government assistance has to conform to the laws and regulations set about by the federal agencies. (USA Government, n.d.)Grants offered by the pharmaceutical companies; to conduct clinical research is one of the common ways of sourcing for money to carry out research activities for clinics. (Canadian Business Network, n.d) Pharmaceutical companies are private entities which may not be put under tight regulations as compared to public institutions. (Federal Grants, n.d)The financing pharmaceutical company may fund a research project they deem to be in line with what they find necessary for them. (D.o.J., 1998) Advantages of using government grants to fund research projects Government or federal grants are a good way of sourcing for funds; even though the central government may impose very strict measures to go about using the cash. (Cornell University, n.d.) Once a government agency has given the nod for one to conduct the research alongside the funds allocation; a research organization is left to conduct its affairs in the required time they find ample. (UCONN, n.d.) Pharmaceutical companies may impose timelines so that they launch their products for commercial gains. (The Arc, n.d.)Pharmaceutical companies may continue funding a project based on interests to be fulfilled; some may be under pressure to churn out products that cause a buzz within markets. (Grant Space, n.d.)Another risk involved with pharmaceuticals funding projects would be purely to spite their competitors and caress enormous egos of company executives and owners. (TGCI, n.d.) Government does not engage in competition; but their mandate is to look out for the welfare of their citizen s. (The White House, n.d.)It’s with the above stated reasons that governmental funding looks more appealing as compared to funding from private entities. (Homeland Security, n.d.)There would not be conflicts or interests as well as undue pressure. (FELDESMAN+TUCKER+LEIFER+FIDELL, n.d.) References NCSL. (2014). NCSL. Retrieved from http://www.ncsl.org/research/health/american-health-benefit-exchanges.aspxU.S. Congress. (2006, October). Research and Development in the Pharmaceutical Industry. Retrieved from https://cbo.gov/sites//10-02-drugr-d.pdfCanadian Business Network. (n.d.). Canadian Business Network. Retrieved from http://www.canadabusiness.ca/eng/page/2740/National Institute of Standards and Technology (NIST), United States Department of Commerce (DoC). (2014, February 25). ANNOUNCEMENT OF FEDERAL FUNDING OPPORTUNITY (FFO) Measurement Science and Engineering (MSE) Research Grant Programs. Retrieved from www.nist.gov//grants/USA Government. (n.d.). Benefits, Grants, and Loans. Retrieved from http://www.usa.gov/Citizen/Topics/Benefits.shtmlFederal Grants. (n.d.). Federal Grants. Retrieved from http://www.federalgrants.com/D.o.J. (1998, September). The United States Department of Justice. Retrieved from http://www.justice.gov/crt/grants_statutes/legalman.phpCornell Univers ity. (n.d.). Cornell University. Retrieved from http://www.irb.cornell.edu/faq/UCONN. (n.d.). University of Connecticut. Retrieved from http://research.uconn.edu/The Arc. (n.d.). Public Policy. Retrieved from http://www.thearc.org/what-we-do/public-policy/know-your-rights/federal-lawsGrant Space. (n.d.). Knowledge Base. Retrieved from http://grantspace.org/tools/knowledge-base/Funding-Resources/Government-Funders/government-grantsTGCI. (n.d.). Thw Grantsmanship Center. Retrieved from http://www.tgci.com/training/competing-federal-grants-5-dayThe White House. (n.d.). Office of Mnagement and Budget. Retrieved from http://www.whitehouse.gov/omb/grants_defaultHomeland Security. (n.d.). Title VI Overview for Recipients of DHS Financial Assistance. Retrieved from http://www.dhs.gov/title-vi-overview-recipients-dhs-financial-assistanceFELDESMAN+TUCKER+LEIFER+FIDELL. (n.d.). Federal Grants. Retrieved from http://www.feldesmantucker.com/federal-grants/ Source document

Analysis of Wangero Leewanika Kemanjo (Dee) in Everyday Use

Analysis of Wangero Leewanika Kemanjo (Dee) in Everyday Use Where Must One Fit Analysis of Wangero Leewanika Kemanjo (Dee) in Everyday Use What made the Black Power movement of the 1960s and 70s such a powerful force, and why did it start in the first place? Author Russell Rickford explains in We Are an African People: Independent Education, Black Power, and the Radical Imagination, what Pan-Africanism means. The definition consists of rethinking African-American identity not in terms of being a minority or racial group, but as an African people. The movement was grounded in the importance of cultural rebirth to a people who were deemed unworthy of moral treatment, excluding them from the label of human. They did not know anything nor were aware about their African heritage. In Alice Walkers story Everyday Use she describes two sides of the same coin when it comes to heritage. Maggie, who stays at home with Mama and lives their heritage through traditions which are passed down. And Dee, who becomes enthralled with the concept of African-nationalism, practicing new habits which alter her psyche. This leads Dee to denounc e her recent heritage, excluding Mama and Maggie for being uneducated and categorizing the objects used every day as priceless folk-art. With the fight for desegregation of schools and the civil rights movement of the 1970s, African-nationalism was born. This is the time period when Dee, who was college educated, where the trend originated, had a new-found outlook on her African roots. So much so that she changed her outward appearance and name. When Mama inquired on why she changed it to Wangero Leewanika Kemanjo, Dee simply replied with Shes dead. I couldnt bare it any longer, being named after the people who oppress me.(27) Perplexed by the concept of the name change, Mama told her she was named after her aunt Dicie and that Dee was handed down through the generations. Wangero, getting tired of the conversation, jumped to the conclusion that somewhere down the line her ancestor was a slave to a white family and thus gave her a white name. Many outside sources such as The Nation of Islam encouraged Africans to abandon their slave names, their leader Elijah Muhammed writes You must remember that slave-names will keep you a slave in the eyes of the civilized world today. You have seen, and recently, that Africa and Asia will not honor you or give you any respect as long as you are called by the white mans name. Along with changing her name, Wangeros attire transformed as well. Straight hair, for Africans was a sign, another step towards assimilation into white society. Too more effectively exclude herself as an independent black woman Wangero grew out her afro. To Africans it was a symbol of defiance and repossession of her ancestral identity, embracing who they were naturally without being categorized as undesirable for their lack of straight fine hair.ÂÂ   She dressed herself in a long flowing bright dress that looked a lot like a traditional African garb and instead of saying hello she greeted Mama with the African term Wa-su-zo-Tean-o. The introduction to the new and improved Dee attests to the psychological process of morally separating herself from the past generations and reclaiming her Blackness. This includes wanting to take items from Mamas house in order to display them in a show and tell way further amplifying what she had to overcome. We are lead to question Dees sincerity when it comes to the acquisition of the items. Mama, our narrator, reminds us on how Dee hated the childhood house they used to live in and was joyful when it burnt down. Dee was embarrassed by Mama and the house, not wanting to bring friends over for introductions. She also tells us that when Dee was first going away to college, she offered her the very same quilts she now wanted to take and cherish. At the time, Dee abruptly refused them claiming they are old-fashioned, out of style. One can argue that the new-found appreciation for the family heirlooms is just part of the trend. That Dee can be seen as falsely affirming herself and becoming manipulated by the movement. Seeing that is it cool to have lived the struggle, that she came through by showing off her heritage through the art of hand stitched quilts made by her aunt. It seems as if she wants to gain respect from others following the movement by hanging and using these objects as art p ieces rather than the circumstances onto why they were made. Furthermore, at the beginning of the story, she snaps a picture of Mama and Maggie on the front porch. This is done after Mama describes herself as a large, big-boned women with rough, man working hands, one of the reasons why Dee never brought anybody over. This is done to further disrespect Dees own childhood, using it as a sort of show and tell, objectifying Mama and Maggie grouping them in the same category as the quilts, perhaps because she has missed out on the struggle of her heritage not learning the traditions of her ancestors. Dee, as Mama has lead us to believe, has never truly fit in. Always having her style even when she was young. Going away to college although has educated her academically, has left her out of learning the skills of her heritage like Maggie has. Quilting, field work, and all things Mama and Maggie have to deal with on a day to day bases is left untouched by Dee. This only solidifies Dees longing to be part of a culture and heritage she may feel left out of.ÂÂ   She feels obligated to present herself as part of the movement with the objects she wants to display. An African-American woman taking back her black identity. Trying so hard to claim the ranks on the social ladder leaves Dee unfeeling towards Mama and Maggie. This is especially seen when Mama refuses to give Wangero the quilts. Dee storms out to the car saying you dont understand your heritage. Understanding the character of Dee is complex. Because of the time period, Dee seems to be manipulated into a movement. While it is just, Dee resents her childhood forgetting where she came from. This in turn, leads her to denounce her recent heritage, demeaning Mama and Maggie and trying to fit within this movement by displaying folk-art. It is sad to see Dee pitying them as she gets into the car saying to Maggie Its really a new day for us. But with the way you and Mama live youd never know it just for one last verbal stab in defiance of her not getting her way. However, I end up feeling sorry for Dee, for within this new world she is living in, one must have asked the question where do I fit in? Work Cited Christian, Barbara T. Everyday Use and the Black Power Movement. 11th ser. (1944): n.pag. An Introduction to Fction. Web. Baker, Houston A. Stylish Vs. Sacred in Everyday Use.' 11th ser. (1985): 466-468. An Introduction to Fiction. Web. In search of African America: One collectors experience. An exhibit at the Herbert Hoover presidential museum. 21 Mar. 2004. Web. 1 Mar. 2017. B. Glaser, Linda, and AS Communications. The Black Power Movement and Its Schools. N.p., 2 Feb. 2016. Web. 1 Mar. 2017. Franchi, Elena. What is Cultural Heritage? Khan Academy, 2014. Web. 1 Mar. 2017. Makalani, Minkah. Pan-Africanism. African Age. Rutgers University, 2011. Web. 1 Mar. 2017.

Caring for the Mentally Ill Essay examples -- Health Care, Diseases

Policy Problem: Caring for the Mentally Ill The healthcare system, as a whole, faces many challenges when caring for vulnerable populations. Included in this population are individuals suffering from mental illness. More than 450 million people suffer from a mental health condition (WHO, 2010). Mental health and suicide prevention should be made national priorities. With the lack of resources and public knowledge of this population, healthcare providers are struck with the difficult task of educating the public of the importance of â€Å"mental health for overall health.† Public attitudes, and the stigma attached with mental illness, is a major barrier to treatment. Those suffering from mental illness are deprived of the treatment and support they need due to low self-esteem and feelings of hopelessness, derived from the stigma attached by the public. Poor mental health is associated with exclusion from social groups, difficult work environments, unhealthy lifestyles, risk of violence and poor physical health, and viol ations of human rights (WHO, 2010). Access to quality care is lacking, as well as, early mental health screenings and referrals, which should be made a common practice. More research in this area is critical, along with, improved quality of care for mental health. Background SOCIAL FACTORS Individuals living with severe mental illness accounted for 9.8 million adults in the year 2008. Among these, 58.7 percent used mental health services, 40.5 percent received outpatient services, and a little over seven percent received inpatient services for a mental health problem (Addiction and Mental Health Treatment Center, 2009). Globally, there is a chance that one out of four people will experience some kind of mental heal... ...eloping mental illness being high, the need for care is growing. Access to adequate care is an issue for individuals needing mental health services. Lack of, or late treatment, has resulted in a large number of suicides. High cost of coverage for mental illness has been an issue until the pass of the mental health parity act. Other bills and policies have been proposed to benefit those with a mental disorder in order get the care they deserve. The goal is to reduce the stigma with seeking treatment for mental health disorders, to promote health to the younger population with expanded school programs, to treat mental health with the same respect as physical health, and to do early screenings for mental health disorders and substance abuse. Individuals with mental disorders deserve access to quality care. After all, there is no overall health without mental health. Caring for the Mentally Ill Essay examples -- Health Care, Diseases Policy Problem: Caring for the Mentally Ill The healthcare system, as a whole, faces many challenges when caring for vulnerable populations. Included in this population are individuals suffering from mental illness. More than 450 million people suffer from a mental health condition (WHO, 2010). Mental health and suicide prevention should be made national priorities. With the lack of resources and public knowledge of this population, healthcare providers are struck with the difficult task of educating the public of the importance of â€Å"mental health for overall health.† Public attitudes, and the stigma attached with mental illness, is a major barrier to treatment. Those suffering from mental illness are deprived of the treatment and support they need due to low self-esteem and feelings of hopelessness, derived from the stigma attached by the public. Poor mental health is associated with exclusion from social groups, difficult work environments, unhealthy lifestyles, risk of violence and poor physical health, and viol ations of human rights (WHO, 2010). Access to quality care is lacking, as well as, early mental health screenings and referrals, which should be made a common practice. More research in this area is critical, along with, improved quality of care for mental health. Background SOCIAL FACTORS Individuals living with severe mental illness accounted for 9.8 million adults in the year 2008. Among these, 58.7 percent used mental health services, 40.5 percent received outpatient services, and a little over seven percent received inpatient services for a mental health problem (Addiction and Mental Health Treatment Center, 2009). Globally, there is a chance that one out of four people will experience some kind of mental heal... ...eloping mental illness being high, the need for care is growing. Access to adequate care is an issue for individuals needing mental health services. Lack of, or late treatment, has resulted in a large number of suicides. High cost of coverage for mental illness has been an issue until the pass of the mental health parity act. Other bills and policies have been proposed to benefit those with a mental disorder in order get the care they deserve. The goal is to reduce the stigma with seeking treatment for mental health disorders, to promote health to the younger population with expanded school programs, to treat mental health with the same respect as physical health, and to do early screenings for mental health disorders and substance abuse. Individuals with mental disorders deserve access to quality care. After all, there is no overall health without mental health.

Population…A Problem That Most of the World Simply Disregards Essay

Population†¦A Problem That Most of the World Simply Disregards There are over Six Billion people inhabiting the planet earth today and that number is growing. â€Å"In the six seconds it takes you to read this sentence, eighteen more people will be added† (Ehrlich 9). The total population of the World, projected on October 23, 2001 at 6:28:09 pm GMT was 6,181,600,089 people (U.S. Bureau of the Census). Each hour there are 11,000 more mouths to feed; each year more than 95 million. Nevertheless, the world has hundreds of billions fewer tons of topsoil and hundreds of trillions fewer gallons of groundwater with which to grow food crops than it had in 1968. Millions of people every year are dying because they are not getting enough food. You see the advertisements, and television programs showing the starving children in Africa and other developing nations: their pleading eyes with helplessness. National Geographic shows the images of tropical forests on fire, beaches strewn with garbage and sewage, and refugee camps filled with hungry people unable to produce enough food because there aren’t enough resources to support the world’s growing number of people. These problem do not only exist in far away countries†¦drive in any large city, you will be overwhelmed with the number of drivers filling the freeways, grid locked any time of day. Visit downtown and see the hundreds of homeless people on street corners, and lined up around the block in front of the shelters for a warm meal. Our news is filled with the nation’s crime, violence, and drug abuse. Global warming is old news, but it is killing us, our ocean level is rising, and our crops are going dry. We are cautioned about the AIDS epidemic because it is everywhere,... ...t needs to understand the problem at hand, and recognize its far-reaching consequences. Works Cited Bouvier, Leon. â€Å"The Census Bureau’s 1989 Projections of Future U.S. Population: Which Scenario Is Reasonable?† CIS Backgrounder. October 1989: 59-65. Breland, H. â€Å"Family Configuration and Intellectual Development.† Journal of individual Psychology. vol. 31, pp.86-96, 1977. Ehrlich, Paul R., and Anne H. Ehrlich. The Population Explosion. New York: Simon & Schuster, 1990. Menk, Thomas. â€Å"Eco-Refugees Warning.† New Scientist, 10 June 1999: 33-35. Running, Stephen F. â€Å"What If the Supreme Court Changed Its Mind?† Stanford Lawyer. Fall 1988: 15-29. Swerdlow, Joel L. â€Å"Changing America.† National Geographic. Sept. 2001: 42-61. U.S. Bureau of the Census. World POP Clock Projection. 23 October 2001 .

Measure for Measure Essay: Lord Angelos Hypocrisy -- Measure for Meas

Lord Angelo's Hypocrisy in Measure for Measure      Ã‚   Within ‘Measure for Measure’ Shakespeare presents the notion that mankind's corruption is not necessarily born by power, but rather already innate in humanity. Shakespeare argues that power is not a producer of corruption by presenting the Duke, who holds the most power, as a moral hero, and conversely revealing the corruption of the powerless class (through characters like, Pompey, Mistress Overdone, and Barnadine).   Shakespeare uses Lord Angelo in Measure for Measure to show that corruption is innate within mankind whilst Angelo is a symbolism for pharisaical fanaticism in the play.       It's interesting to note that Lord Angelo's name evokes an image of purity and holiness.   Names are given at birth, and the idea that he is called angelic from the start, would argue against this doctrine of innate depravity.   But, as Shakespeare argues, it's a name that can't be lived up to because of natural passions and lusts, which ultimately leads to Angelo's hypocrisy.   The play opens up not only dressing up Angelo with a pure name, but also as a puritanical deputy, who has been "elected" to enforce the laws while the Duke is away.   This idea of "election" not only signifies the political decree of Vienna, but also a Pauline doctrine that relates to men and angels.    Angelo has done an efficient job at fooling people into believing that he is incapable of natural vices. When the Duke announces the decision to give Angelo authority, Escalus, the good lord, applauds the choice: "If any in Vienna be of worth, To undergo such ample grace and honor, It is Lord Angelo". Angelo has done such an efficient job he has even fooled the lower class into thinking that he is pu... ...ne of Shakespeare's solution to this innate problem is not to run off and join a monastery (or a convent, as Isabella attempts to do); but rather to accept the inborn human vices and try to lead good lives in spite of them.    Works Cited and Consulted: Black, James. "The Unfolding of Measure for Measure." Shakespeare Survey 26 (1973): 119-28. Leech, Clifford. "The 'Meaning' of Measure for Measure." Shakespeare Survey 3 (1950): 69-71. New American Standard Bible. Reference ed. Chicago: Moody Press, 1975. Shakespeare, William. Measure for Measure. The Arden Shakespeare. Ed. J.W. Lever. London: Routledge, 1995. Thomas, Vivian.   The Moral Universe of Shakespeare's Problem Plays.   London: Croom Helm, 1987. Wilders, John.   "The Problem Comedies."   In Wells, Stanley, ed.   Shakespeare: Select Bibliographical Guides.   London: Oxford UP, 1973. Measure for Measure Essay: Lord Angelo's Hypocrisy -- Measure for Meas Lord Angelo's Hypocrisy in Measure for Measure      Ã‚   Within ‘Measure for Measure’ Shakespeare presents the notion that mankind's corruption is not necessarily born by power, but rather already innate in humanity. Shakespeare argues that power is not a producer of corruption by presenting the Duke, who holds the most power, as a moral hero, and conversely revealing the corruption of the powerless class (through characters like, Pompey, Mistress Overdone, and Barnadine).   Shakespeare uses Lord Angelo in Measure for Measure to show that corruption is innate within mankind whilst Angelo is a symbolism for pharisaical fanaticism in the play.       It's interesting to note that Lord Angelo's name evokes an image of purity and holiness.   Names are given at birth, and the idea that he is called angelic from the start, would argue against this doctrine of innate depravity.   But, as Shakespeare argues, it's a name that can't be lived up to because of natural passions and lusts, which ultimately leads to Angelo's hypocrisy.   The play opens up not only dressing up Angelo with a pure name, but also as a puritanical deputy, who has been "elected" to enforce the laws while the Duke is away.   This idea of "election" not only signifies the political decree of Vienna, but also a Pauline doctrine that relates to men and angels.    Angelo has done an efficient job at fooling people into believing that he is incapable of natural vices. When the Duke announces the decision to give Angelo authority, Escalus, the good lord, applauds the choice: "If any in Vienna be of worth, To undergo such ample grace and honor, It is Lord Angelo". Angelo has done such an efficient job he has even fooled the lower class into thinking that he is pu... ...ne of Shakespeare's solution to this innate problem is not to run off and join a monastery (or a convent, as Isabella attempts to do); but rather to accept the inborn human vices and try to lead good lives in spite of them.    Works Cited and Consulted: Black, James. "The Unfolding of Measure for Measure." Shakespeare Survey 26 (1973): 119-28. Leech, Clifford. "The 'Meaning' of Measure for Measure." Shakespeare Survey 3 (1950): 69-71. New American Standard Bible. Reference ed. Chicago: Moody Press, 1975. Shakespeare, William. Measure for Measure. The Arden Shakespeare. Ed. J.W. Lever. London: Routledge, 1995. Thomas, Vivian.   The Moral Universe of Shakespeare's Problem Plays.   London: Croom Helm, 1987. Wilders, John.   "The Problem Comedies."   In Wells, Stanley, ed.   Shakespeare: Select Bibliographical Guides.   London: Oxford UP, 1973.

Byronic Hero

Byronic Hero – Romantic Hero – Tragic Hero – Anti-Hero During the Romantic Era, a hybrid of the Romantic Hero evolved out of the writings of Lord Byron and the combination tragic hero/romantic hero/anti hero characterization of many of the protagonists in Gothic Novels. Frankenstein is considered one of the Gothic Novels that developed out the the Romantic Era. The â€Å"heroes† in Frankenstein could fit into the Byronic Hero category or be classified as Romantic, Tragic, or Anti Heroes.Lady Caroline Lamb, a former lover of Lord Byron’s called him â€Å"mad, bad, and dangerous to know. † This epitaph stuck as a way to describe a Byronic Hero in literature as well. See if Victor Frankenstein fits the description of the Byronic Hero or if he embodies more of the traits of the other heroes. What about Captain Walton and the Monster? Characteristics of The Byronic Hero: †¢ high level of intelligence and perception †¢ cunning and able to adapt †¢ sophisticated and educated †¢ self-critical and introspective mysterious, magnetic and charismatic †¢ struggling with integrity †¢ power of seduction and sexual attraction †¢ social and sexual dominance †¢ emotional conflicts, bipolar tendencies, or moodiness †¢ a distaste for social institutions and norms †¢ being an exile, an outcast, or an outlaw †¢ â€Å"dark† attributes not normally associated with a hero †¢ disrespect of rank and privilege †¢ a troubled past †¢ cynicism †¢ arrogance †¢ self-destructive behavior Characteristics of The Romantic Hero: Birth and class are unimportant: the individual transcends society †¢ The battle is internal: it is a psychological war won by the â€Å"courage to be me† †¢ Moral codes are eccentric–heroes make their own rules †¢ Passions are outside of individual control †¢ Self knowledge is valued more than physical strength o r endurance (physical courage is de-valued) †¢ The hero is moody, isolated, and introspective †¢ Loyalty is to a particular project and to a community of like-minded others Characteristics of The Tragic Hero: †¢ has strong extraordinary character of noble birth (aristocrat or royalty) †¢ possesses a flaw in character which is his or her weakness †¢ Great Weakness (obsession, lust, greed, desire) leads to ultimate downfall †¢ has a moment of Tragic Choice which spirals into the downfall of hero †¢ Downfall always includes death in a traditional tragedy †¢ Downfall also brings about far-reaching catastrophe: many deaths, downfall of family, kingdom or society †¢ Tragic Hero has potential to turn into an Anti-Hero Characteristics of The Anti-hero †¢ foil to the mission or life of the hero possesses a sharp mind or cunning nature †¢ often possesses superhuman strength or power †¢ may be profoundly evil †¢ may be misunderst ood and have potential for good †¢ may have been wronged and bent on revenge †¢ may elicit no sympathy from reader †¢ may elicit some sympathy from reader †¢ may possess strong ambition to succeed or desire for power †¢ lives on fringes of society †¢ may be considered ugly or unattractive or possesses/obtained some physical scar, deformity or imperfection that may have lead to their evil behavior