Dutch auction 1994 auction IPO of Japan Tobacco was substantially larger (with proceeds more than double those of Singapore Telecom and triple those of Google), but this auction was discriminatory or pay-what-you-bid, not uniform price or "Dutch". SRECTrade.com uses a two-sided Dutch auction to trade Solar Renewable Energy Credits (SRECs). The introduction of the Dutch auction share repurchase in 1981 gives firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to use the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares are purchased.
Courage it. Putman states that: When trying to understand how fear and confidence play into courage, we need to look back at Aristotle's quote. According to Putman, Aristotle is referring to an appropriate level of fear and confidence in courage. "Fear, although it might vary from person to person, is not completely relative and is only appropriate if it "matches the danger of the situation"."The same goes for confidence in that there are two aspects to self-confidence in a dangerous situation. Without an appropriate balance between fear and confidence when facing a threat, one cannot have the courage to overcome it.