DOCSLIB.ORG

Annual Report Notice of 2019 Annual Meeting Proxy Statement CONTENTS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report Notice of 2019 Annual Meeting Proxy Statement CONTENTS 2018 Annual Report Notice of 2019 Annual Meeting Proxy Statement CONTENTS About ION CEO Letter to Shareholders Around the globe, ION delivers the power of data-driven decision-making. Decisions Financial Highlights today are increasingly complex with huge amounts of data to comprehend. Leveraging innovative technologies, Notice of 2019 Annual Meeting ION translates raw data into actionable insights to enhance companies’ critical Proxy Statement decision-making abilities and returns. ION is focused on improving E&P decision- Form 10-K Report making, enhancing reservoir management and optimizing offshore operations. Learn more at iongeo.com VISION Our vision is to be the leading innovator in decision optimization, creating value for our customers, shareholders and employees. STRATEGY Our strategy is to develop and leverage innovative technologies, creating value through data capture, analysis and optimization to enhance critical decision-making, enabling superior returns. VALUES People Collaboration Innovation QHSE Results About ION Leveraging innovative technologies, ION creates value through data capture, analysis and optimization to enhance companies’ critical decision-making abilities and returns. ION offerings are focused on improving E&P decision-making, enhancing reservoir management and optimizing offshore operations. While ION’s traditional focus for its cutting-edge technology has been on the E&P industry, the company is diversifying its business into relevant adjacent markets such as offshore logistics, port management, harbor security, military and marine robotics. The business is comprised of three reporting segments: E&P Technology & Services, Operations Optimization and Ocean Bottom Integrated Technologies. E&P TECHNOLOGY & SERVICES The E&P Technology & Services segment creates digital data assets and delivers services that improve decision-making, mitigate risk and maximize portfolio value for E&P companies. The segment consists of three synergistic activities that are oen integrated to deliver value to clients: Imaging Services, E&P Advisors and Ventures. ION has one of the most technologically advanced imaging teams in the industry. Imaging Services combines leading technologies and experience to maximize image quality, delivering enhanced subsurface characterization. Raw data is transformed into subsurface images by applying a series of complex proprietary algorithms through ION’s highly efficient imaging platform. E&P Advisors help host governments, E&P companies and private equity firms make optimal decisions throughout the E&P lifecycle. The experienced staff provides technical, commercial and strategic advice to evaluate and market oil and gas opportunities and assets world-wide, sharing in the value we create. Ventures leverages the world-class geoscience skills of both the Imaging Services and E&P Advisors groups to create global digital data assets that are licensed to multiple E&P companies to optimize their investment decisions. The global data library consists of over 600,000 km of 2D and 224,000 sq km of 3D multi-client seismic data in virtually all major offshore petroleum provinces. OPERATIONS OPTIMIZATION Operations Optimization develops mission-critical subscription offerings and engineering services that enable operational control and optimization offshore. ION provides cutting-edge soware, systems and services for both towed streamer and ocean bottom seismic surveys. ION soware offerings leverage a leading data integration platform to control and optimize operations in real time. ION is a leading provider of offshore seismic navigation systems, Orca® and Gator™, as well as survey design soware, MESA®. The newest soware offering, Marlin™, supports a step change offshore as companies shi from traditional manual processes to digital solutions that enable better, safer decisions. Similar to air traffic control, Marlin is designed to maximize the safety and efficiency of offshore operations by integrating a variety of data sources (AIS, GIS, GPS, radar, satellite, MetOcean) with operational plans, creating an unparalleled picture of offshore operations to enhance decision-making. Devices develops intelligent equipment controlled by our soware to optimize operations such as our industry-leading positioning solution. Engineering Services experts help plan and optimize offshore projects and provide equipment maintenance and training to maximize value from our offerings. ION is pursuing additional opportunities for its core competencies and technologies in relevant adjacent markets. For example, the industry-leading compass is helping military Special Forces navigate underwater in GPS-deprived environments and acoustic technology is being leveraged to develop a novel underwater communication system that enables naval diver teams to send critical messages to each other. OCEAN BOTTOM INTEGRATED TECHNOLOGIES The use of ocean bottom seismic (OBS) continues to expand, driven by the need for higher quality data to make better reservoir development decisions. 4Sea®, ION’s next generation fully integrated ocean bottom nodal system, is designed to deliver a step change in economics, image quality, QHSE and final data delivery time, delivering superior OBS data faster for enhanced reservoir understanding and improved returns. 1 Letter to Shareholders R. Brian Hanson Dear Fellow Shareholders, President and Chief Executive Officer While we faced some unexpected geopolitical headwinds in activity resumes. Our 3D reimaging programs off shore Mexico 2018, we made signifi cant progress on our strategic objectives, and Brazil have been extremely successful. We expanded our positioning ourselves for success in 2019 and beyond. We cutting-edge full waveform inversion imaging capabilities and achieved our target number of sanctioned multi-client were awarded multiple large proprietary ocean bottom imaging programs, delivered on our higher return imaging strategy, contracts that leveraged these algorithms to produce sharper, and began diversifying our business into adjacent markets and more detailed reservoir images. We also largely completed commercializing our new ocean bottom technology, 4Sea. Our development on our next generation ocean bottom nodal eff orts to surgically invest in areas where capital is fl owing, such system, 4Sea, which has had strong client interest due to its as Mexico and Brazil, enabled our multi-client programs to far ability to dramatically improve the safety and effi ciency of ocean outperform typical historical returns. bottom imaging. In 2018, our fi nancial results continued to be driven by strong The second goal is to de-lever our balance sheet. The successful sales of our 3D multi-client reimaging programs as well as public equity off ering in February 2018 was a big step forward. A new 2D programs we launched during the year. 2018 revenues portion of the $47 million net proceeds were used to retire ION’s of $180 million were down 9% compared to last year. Adjusted third lien indentures of $28 million. Over the last three years, we EBITDA for the full year was $42 million. Net cash fl ows from have de-levered the business $61 million, from $183 million to operations were $7 million, compared to $28 million in 2017. Our $122 million. net loss was $71 million, or $(5.20) per share, compared to a net loss of $30 million, or $(2.55) per share in 2017. Our total liquidity Our third objective is to broaden and diversify our off erings into was $76 million at the end of the fourth quarter, an $8 million adjacent markets. The E&P industry is extremely cyclical and increase from one year ago. the combination of moving closer to the reservoir, de-levering, and moving into adjacent markets will position us better for We are highly focused and making good progress executing the next down cycle. We transformed our core command against the three primary long-term strategic objectives we and control platform to more broadly optimize a wide variety established in 2017. First, we shi ed our business closer to the off shore operations. This year we launched an enterprise version reservoir, where capital continues to fl ow more consistently in of Marlin that transitions from a services-led to an off -the-shelf downturns, while maintaining our exploration off erings for when solution. The So ware as a Service (SaaS) application runs in 2 the Cloud and is available via a web browser, enabling wider offerings to excel in adjacent markets such as the military and and more rapid take-up of Marlin by eliminating complex IT port management. We have made great strides in changing infrastructure and has already led to increased opportunities. the offshore paradigm from traditional manual processes to a We engaged consultants to help us strategically evaluate which smarter digital solution. In 2018, Marlin deployments nearly adjacent markets have the most potential. Outside of the E&P doubled again to 127 with 60 new deployments, building a space, we believe that’s port and harbor management for diverse portfolio of case studies where we added value across Marlin soware and the military for Devices’ technology. Our a vast array of operations. We are also commercializing new advanced marine sensing, positioning and communications technologies that should positively contribute to 2019. We Devices technology is already gaining traction in multiple military anticipate our soware business growing nicely in both core and applications. For example, we evolved our industry-leading adjacent markets, and our goal is to drive a significant amount compass from
Load more

Recommended publications
  • Main Sections (Disciplines)
    www.LearningGeoscience.org MAIN SECTIONS (DISCIPLINES): Geophysics Near Surface • Seismic Acquisition • Environmental Geophysics • Seismic Processing • Non-Seismic Methods • Surface Imaging • Integrated Geophysics • Mineral Exploration • Reservoir Characterization Engineering • Petroleum Engineering • Reservoir Management Geology • Structural Geology • Carbonate Geology • Stratigraphy Data Science • Geological Modelling • Machine Learning Reservoir Characterization • Rock Physics • Geomechanics Training and Development • Geochemistry • Human Resources ICONS New Book New course This course has a dedicated book available at the EAGE Bookshop In-House E-Lecture This course can be requested for in- This course comes with an house training (subject to instructor’s EAGE E-Lecture that you can availability) watch on YouTube 2 SHORT COURSE CATALOGUE EAGE commits to constantly expand, improve and tailor our education programmes to meet the demand for innovation and participation. Welcome Words The European Association of Geoscientists and Engineers (EAGE) recognizes the necessity for high-quality training and education throughout the lifetime of the industry professional. Indeed, we see educational tools as a key deliverable to our membership, especially relevant in our rapidly changing industry. To this end, I would like to introduce the EAGE Short Course Catalogue in which you will find an overview of over ninety short courses, delivered by a range of experienced instructors from industry and academia. We have carefully selected these courses
    [Show full text]
  • 1 1. Project Title Geoplat PRO Software Platform to Solve E&P
    1. Project Title GeoPlat PRO software platform to solve E&P problems in hydrocarbon fields Permissible number of symbols – 170 2. Full name of the applicant for preliminary Expertise Boris G. Levin 170 3. Main business area of the project Strategic computer technologies and software 4. Brief description of the project (5 sentences), indicating existing developments and basic goals of project growth The uniqueness of the Project lies in the development of an integrated software platform to address a complete scope of tasks of search for, exploration and 500 development of hydrocarbon deposits. The platform will make it possible to adapt the 3D geologic model to hydrocarbon development environments, which in its turn would allow the subsoil wealth users to significantly save capital and operational expenditures. The integrated platform includes: DV-Geo geologic modeling system, DV-Discovery seismic interpretation system (both are production tested), and PIX-Geo hydrodynamic simulation system (development to be completed soon). 5. Contact person for the project (the person filling out the questionnaire) Boris G. Levin 2000 +7 (499) 720-53-13 [email protected] 6. Describe the problem that the project is intended to solve a. Problem description At the moment, similar products on the geophysical service software market are offered as individual modules providing solutions to a narrow-range of special 4000 problems or as large systems providing integrated solutions by solely foreign software developers. This has led to monopolization (95%) of the Russian market by two largest companies Roxar and Schlumberger and to unreasonably high prices. In this connection, risks of complete loss for the Russian applied geophysical science potential and information safety are extremely high.
    [Show full text]
  • An Interview with Davey Einarsson
    “Something no one ever did before!” An interview with Davey Einarsson Davey Einarsson, Geoscientist, started his career in May 1956, after graduating from the University of Manitoba with a Bachelor of Science degree. Davey is a long time member of SEG, CSEG, EAGE, APEGGA and AAPG. In 2004 he was an Honorary Membership Recipient of the CSEG. Davey is celebrating his 52nd year in Geophysics and has worked in North Africa, Canada (including the East Coast, B e a u f o r t , High Arctic), and in the US conducting worldwide Marine Operations and Processing for GSI. Mr. Einarsson is one of our industry’s pioneers in both technical and operational achievements – taking Geophysics where no one had gone before. Satinder Chopra and Penny Colton invited Davey to relay these adventures for the RECORDER. (Photos courtesy: Penny Colton) S: D a v e y, let’s begin by asking you about your early put them in an ammonia rack and then in a sun rack to education and then your work experience. develop. We printed our maps every week right from the field re c o rds. D : Well, I was born and raised in A r b o rg, Manitoba. That’s in the Interlake about 70 miles north of Winnipeg – there During 1956, I worked in the Saskatchewan Plains till the w e re about 600 people in the town and when I graduated end of the year. I went home for Christmas and then north to f rom High School there was about 10 in the class.
    [Show full text]
  • Fact Book: Offshore Oil and Gas Industry Support Sectors
    OCS Study BOEMRE 2010-042 Coastal Marine Institute Fact Book: Offshore Oil and Gas Industry Support Sectors U.S. Department of the Interior Bureau of Ocean Energy Management, Cooperative Agreement Regulation and Enforcement Coastal Marine Institute Louisiana State University Gulf of Mexico OCS Region OCS Study BOEMRE 2010-042 Coastal Marine Institute Fact Book: Offshore Oil and Gas Industry Support Sectors Author David E. Dismukes December 2010 Prepared under BOEMRE Cooperative Agreement 1435-01-99-CA-30951-85248 (M07AC12508) by Louisiana State University Center for Energy Studies Baton Rouge, Louisiana 70803 Published by U.S. Department of the Interior Cooperative Agreement Bureau of Ocean Energy Management, Coastal Marine Institute Regulation and Enforcement Louisiana State University Gulf of Mexico OCS Region DISCLAIMER This report was prepared under contract between the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and Louisiana State University’s Center for Energy Studies. This report has been technically reviewed by the BOEMRE, and it has been approved for publication. Approval does not signify that the contents necessarily reflect the views and policies of the BOEMRE, nor does mention of trade names or commercial products constitute endorsement or recommendation for use. It is, however, exempt from review and compliance with the BOEMRE editorial standards. REPORT AVAILABILITY This report is available only in compact disc format from the Bureau of Ocean Energy Management, Regulation and Enforcement, Gulf of Mexico OCS Region, at a charge of $15.00, by referencing OCS Study BOEMRE 2010-042. The report may be downloaded from the BOEMRE website through the Environmental Studies Program Information System (ESPIS).
    [Show full text]
  • Seismological Monitoring of the World's First
    Appendix A Seismological Monitoring of the World’s First Nuclear Detonation— The Trinity Shot of 16 July 19451 Seismology played a modest role in the Trinity test, thereby establishing, at the very birth of the “atomic age,” a mutual interaction between seismology and nuclear testing that would become of increasing significance to both technologies as the century pro- gressed. Because the Trinity “gadget” was designed to be an atmospherically detonated military weapon for which principal damage effects were expected to be air blast and accompanying ground shock of intensities heretofore unexplored, extensive new effects data were needed to plan military applications. When the need for a full-scale test of the implosion design became clear by late 1944, Los Alamos scientists began to devise field experiments to measure both air blast and ground shock.Also, they wanted to esti- mate how each would scale with explosive energy release (yield), range, and height of burst within a principal target area (nominally, within about 20 km of ground zero). In March 1945, Herbert M. Houghton, an exploration geophysicist with Geophys- ical Research Corporation (GRC) and Tidewater Oil, was recruited to work with Los Alamos physicist, James Coon, to perfect earth shock instrumentation for the 100-ton TNT calibration rehearsal shot of 7 May 1945, as well as the unique multikiloton Trin- ity nuclear event planned for July. Houghton and Coon modified a dozen GRC Type SG-3 geophones to record both vertical and horizontal-radial components of strong ground motion at ranges between 0.75 and 8.2 km from both the calibration and nuclear shots, which were air bursts suspended on towers.
    [Show full text]
  • Applied Geophysics in Brazil and the Development of a National Oil Industry (1930 - 1960)
    History and Technology An International Journal ISSN: (Print) (Online) Journal homepage: https://www.tandfonline.com/loi/ghat20 Applied geophysics in Brazil and the development of a national oil industry (1930 - 1960) Drielli Peyerl & Silvia Fernanda de Mendonça Figueirôa To cite this article: Drielli Peyerl & Silvia Fernanda de Mendonça Figueirôa (2020) Applied geophysics in Brazil and the development of a national oil industry (1930 - 1960), History and Technology, 36:1, 83-104, DOI: 10.1080/07341512.2020.1765618 To link to this article: https://doi.org/10.1080/07341512.2020.1765618 Published online: 19 May 2020. Submit your article to this journal Article views: 49 View related articles View Crossmark data Full Terms & Conditions of access and use can be found at https://www.tandfonline.com/action/journalInformation?journalCode=ghat20 HISTORY AND TECHNOLOGY 2020, VOL. 36, NO. 1, 83–104 https://doi.org/10.1080/07341512.2020.1765618 Applied geophysics in Brazil and the development of a national oil industry (1930 - 1960) Drielli Peyerla and Silvia Fernanda de Mendonça Figueirôab aInstitute of Energy and Environment, Research Centre for Gas Innovation, University of São Paulo, São Paulo, Brazil; bDepartment of Teaching and Cultural Practices, School of Education, University of Campinas, Campinas, Brazil ABSTRACT KEYWORDS From the late nineteenth century onwards the Brazilian state Geophysics; oil industry; founded several public institutions involved in oil exploration: the technology; Brazil Geographical and Geological Commission of São Paulo (CGG, 1886), the Geological and Mineralogical Survey of Brazil (SGMB, 1907), the National Oil Council (CNP, 1938), and the state-run oil company Petrobras (1953). This article details the history of geophysical exploration in Brazil over the first half of the twentieth century and its role in transforming the country into a major oil producer, stres- sing the involvement of foreign experts and the role of imported technology.
    [Show full text]
  • History of the Offshore Oil and Gas Industry in Southern Louisiana Interim Report
    OCS Study MMS 2004-049 History of the Offshore Oil and Gas Industry in Southern Louisiana Interim Report Volume I: Papers on the Evolving Offshore Industry U.S. Department of the Interior Minerals Management Service Gulf of Mexico OCS Region OCS Study MMS 2004-049 History of the Offshore Oil and Gas Industry in Southern Louisiana Interim Report Volume I: Papers on the Evolving Offshore Industry Authors Diane Austin Bob Carriker Tom McGuire Joseph Pratt Tyler Priest Allan G. Pulsipher Prepared under MMS Contract 1435-01-02-CA-85169 by Center for Energy Studies Louisiana State University Baton Rouge, Louisiana Published by U.S. Department of the Interior Minerals Management Service New Orleans Gulf of Mexico OCS Region July 2004 DISCLAIMER This report was prepared under contract between the Minerals Management Service (MMS) and Louisiana State University’s Center for Energy Studies. This report has not been technically reviewed by MMS. Approval does not signify that the contents necessarily reflect the view and policies of the Service, nor does mention of trade names or commercial products constitute endorsement or recommendation for use. It is, however, exempt from review and compliance with MMS editorial standards. REPORT AVAILABILITY Extra copies of the report may be obtained from the Public Information Office (Mail Stop 5034) at the following address: U.S. Department of the Interior Minerals Management Service Gulf of Mexico OCS Region Public Information Office (MS 5034) 1201 Elmwood Park Boulevard New Orleans, Louisiana 70123-2394 Telephone Number: 1-800-200-GULF 1-504-736-2519 CITATION Suggested citation: Austin, D., B.
    [Show full text]
  • 2020 Honors & Awards Ceremony Program
    2020 CeremonyHONORS & AWARDS 5:30 P.M. TUESDAY, 13 OCtoBER 2020 SPONSORED BY Welcome to the SEG 2020 Honors and Awards Ceremony! ne of the most important functions of a professional society is honoring those who have madeO significant contributions to the profession and science. This function is implicit in SEG’s stated objective “to promote the science of exploration geophysics and related fields, including applications and research, to foster the common scientific interests of geophysicists, and to maintain a high professional standard among its members.” Moreover, the founders of the SEG underscored this importance though explicit references in the bylaws. Our profession has many components: the science of exploration geophysics; the education of geophysicists, other professionals, and the general public; collaboration with professionals in related fields; and application of geophysical knowledge to economically find and develop natural resources, characterize the near surface, and mitigate Earth hazards. The 2020 Honors and Awards Program recognizes superior achievement in all of these areas. The distinguished recipients of this year’s awards are role models for excellence in our profession, and the Society is proud to honor their contributions at this Annual Meeting. Please join me in recognizing and honoring these individuals and institutions. Indeed, it is through these awards and their associated accomplishments that we define the highest aspirations of SEG and its members. Christopher L. Liner, Chairman, Honors and Awards Committee 1 2019-2020 HONORS & AWARDS COMMITTEE CHRISTOPHER L. LINER- CHAIR JOHN H. BRADFORD WIllIAM L. ABRIEL NANCY J. HOUSE Robert R. Stewart 2 2020 Awards — Distinguished Awards — SEG Distinguished Instructor David J.
    [Show full text]
  • Annual Report Notice of 2018 Annual Meeting Proxy Statement CONTENTS
    2017 Annual Report Notice of 2018 Annual Meeting Proxy Statement CONTENTS Around the globe, ION delivers the power About ION of data-driven decision-making. Decisions today are increasingly complex with CEO Letter to Shareholders huge amounts of data to comprehend. Leveraging innovative technologies, Financial Highlights ION translates raw data into actionable insights to enhance companies’ critical Notice of 2018 Annual Meeting decision-making abilities and returns. ION is focused on improving E&P decision- making, enhancing reservoir management Proxy Statement and optimizing offshore operations. Form 10-K Report Learn more at iongeo.com VISION Our vision is to be the leading innovator in decision optimization, creating value for our customers, shareholders and employees. STRATEGY Our strategy is to develop and leverage innovative technologies, creating value through data capture, analysis and optimization to enhance critical decision-making, enabling superior returns. VALUES People Collaboration Innovation QHSE Results About ION Leveraging innovative technologies, ION creates value through data capture, analysis and optimization to enhance companies’ critical decision-making abilities and returns. ION off erings are focused on improving E&P decision-making, enhancing reservoir management and optimizing off shore operations. The business is comprised of three reporting segments: E&P Technology & Services, Ocean Bottom Seismic Services and Operations Optimization. E&P TECHNOLOGY & SERVICES The E&P Technology & Services segment creates digital data assets and delivers services that improve decision-making, mitigate risk and maximize portfolio value for E&P companies. The segment consists of three synergistic activities that are oft en integrated to deliver value to clients: Imaging Services, E&P Advisors and Ventures.
    [Show full text]
  • Foreword: the Evolution of Oil and Gas Conservation Law and the Rise of Unconventional Hydrocarbon Production
    Foreword: The Evolution of Oil and Gas Conservation Law and the Rise of Unconventional Hydrocarbon Production Owen L. Anderson∗ I. INTRODUCTION In 2014, the Arkansas Oil and Gas Commission celebrated its seventy-fifth anniversary. Arkansas has long been a leader in conservation law. Indeed, the state’s conservation laws and practices have served as a model for others, including my home state of North Dakota, where I served as counsel to the conservation commission in the late 1970s and early 1980s. In this Foreword, I first provide a brief history of oil and gas conservation laws and regulations. Thereafter, I briefly discuss current trends in conservation law. Finally, it is my honor to introduce the various symposium articles included in this issue of the Arkansas Law Review. II. PRE-REGULATION AND EARLY REGULATORY LAWS AND PRACTICES Oil and gas conservation regulation arose late in the game, but this is no surprise. The oil industry grew rapidly during the industrial revolution, a time of laissez-faire political philosophy. Even during the regulatory awakening of the early 1900s, the upstream oil industry was largely unregulated.1 Notwithstanding the dearth of regulatory law in the oil industry’s formative years, which commenced in 1859 with the ∗ Eugene Kuntz Chair in Oil, Gas & Natural Resources; George Lynn Cross Research Professor; Academic Director of the John B. Turner LL.M. Program in Energy, Natural Resources & Indigenous Peoples Law; University of Oklahoma College of Law. 1. Of course, this cannot be said of the oil and gas downstream, as the giant Standard Oil Trust was broken up into thirty-three different companies by the federal government pursuant to the Sherman Antitrust Act.
    [Show full text]
  • SPRI>JG 1996
    SPRI >JG 1996 21 From its base in Sumatra, Crew 314 expl ores the land of w E s T E R N volcanoes - Lndonesia. Western is actively participating in the surge of seismic exploration, conducting 4-D, 3-D, and 2-D PROFILE operations across the world's largest archipelago. President's Page 2 Management Briefs 4 News Briefs 8 Health/Safety /Environment 15 Crew 314 Surveys the Indonesian 21 34 Blue waters touching the Trucial Archipelago -Western Employs Coast of the United Arab Full Range of Seismic Services to Explore Sumatra Emirates conceal many treasures - pearls, rare species of fi sh, and Sandy "Wasteland" Yields Billions 34 oil. As seismic crews move oper­ for Abu Dhabi -World's Largest Land and Transition-Zone Seismic ations from marine to land, they Surveys Continue are encountering the unique sand that makes up the island of Abu Party Pickings 47 Dhabi and the sheik's environ­ Names in the News so mentally sensiti ve bird sanctuary. Front Cover: View from above of a man working in an Indonesian paddy field. ( P/1010 co11rres1· of Tu1n- Srune lm ag~s!Clu i re Ali.1. ) President's Page: (Pharo co11rre.1..- r!( Phmo11ica!Josh1w Sheldon. ) Diane Danielski, Editor Lisa J. Noyes, Assistant Ediror Bill Poplin. Designer BethAnn Prete. Artist Livia Perez. Kathy Mardick. Typographers Volume XLIII. No. I, Spring 1996. #"~ Published by and for the employees of ~ Western Geophysical, P.O. Box 2469, .... Houston, TX 77252. Editorial office: IOOOI This issue of Profile magazine is printed Richmond Ave., Houston, TX 77042. on pre-consumer recycled paper.
    [Show full text]
  • Bruegel Working Paper Working Bruegel 1
    N0 2008/03 JULY 008 THE DEMOGRAPHICS OF GLOBAL CORPORATE CHAMPIONS NICOLAS VÉRON BRUEGEL WORKING PAPER WORKING BRUEGEL 1 Bruegel Working Paper The Demographics of Global Corporate Champions Nicolas Véron July 2008 Layman’s summary This Working Paper presents a novel dataset documenting the demographics of the world’s 500 largest companies by market capitalisation, as of 30 September 2007. Assigning a birth date to a large company is not a straightforward exercise and involves a measure of judgment, which possibly explains why data on corporate demographics have not been more widely researched in spite of their potential interest to policymakers. However, our methodology, based on the collection of narrative data which is publicly accessible online, generates robust results, which we hope may help spur increased interest in corporate demographics. Corporate demographics provide a basis for comparing different national and regional business environments. Our focus on the very largest companies illustrates a stark contrast between the main global economic regions. In Europe and Japan, large companies tend to be fairly old, and very few ‘global champions’ have been created in the past half-century. In the United States, older champions coexist with a significant number of new ones, generated mainly in high-tech sectors and low/mid-tech services. In emerging economies, most champions were born in the second half of the 20th century and reflect a rapid catch-up growth process. Policy implications, especially for Europe and Japan, are very briefly discussed in the conclusion, with an emphasis on enabling the emergence of innovation ecosystems and on unleashing the growth potential of services sectors as possible ways for Europe and Japan to regain some of their ability to generate new global corporate champions.
    [Show full text]