Sunday, May 31, 2020

Suspension of the Imaginary in the Real Fiction as Truth in the Memoir - Literature Essay Samples

In its creation and consumption, literature involves an inherent contract between reader and author. The parameters of this contract are often set by the work’s genre, and help the reader to determine whether the text should be interpreted as truth or imagination. When an author blurs this distinction, the reader considers the contract violated, and material that, under different contractual expectations, would be considered harmlessly fictitious instead becomes maliciously deceitful. Conflict almost always arises when readers discover fiction lurking beneath expectations of truth – the sacred boundaries of genre dependent on a razorblade division between fact and fiction. Of course, any such distinction has always been impossible, genre attempting in vain to erect tenuous partitions between the ultimately inseparable principles of truth and invention in the represented world. Before the generic distinction between fiction and non-fiction had been established, even presumably â€Å"pure† fiction itself was met with skepticism, and in its earliest days, the novel was decried as deceitful, sinful, and corrupt. Based on the inherently paradoxical principle of verisimilitude, the novel devotes itself to the representation of that which is like reality, but is, in fact, fiction. Thus, even in its simplest, most recognizable form, narrative inextricably mixes fact and fiction, the real and the imagined, rendering it impossible for any author to satisfactorily separate the two. This conflict is only further compounded in the memoir genre. While authors often fail to fulfill the expectations outlined by even clearest of generic distinctions, the boundaries of memoir are obscure from the outset. Generically distinct from autobiography, memoir does not necessarily promise non-fiction, but still presumably relates the real experiences of real individuals. Through memoir, both Maxine Hong Kingston and Allison Bechdel explore the tentative boundary between truth and fiction, both ultimately seeing the latter as a means of discovering and conveying the former. In unapologetically mixing fact and fiction, The Woman Warrior and Fun Home highlight the ultimately arbitrary nature of genre. These memoirs illustrate the truth as equally dependent on what did happen, and what did not happen or may not have happened. In The Woman Warrior, Kingston extends this principle to speech, and her narrative builds meaning as much through what is said as through what is not said. Noting the importance of silence in the memoir, Jill Parrott remarks: Scenes without verbal communication, words that are not spoken purposefully, or words that are changed or left out serve as important a function in the overall rhetorical strategy of the text as the words that are expressed. They are â€Å"simultaneously meaningful† in that they exist side-by-side on the page and work together to form the complete meaning-making artifact of the text. (377). Indeed, silence – at least in principle if not in practice – can even be said to dominate The Woman Warrior, the memoir itself opening with the silencing command, â€Å"You must not tell anyone what I am about to tell you† ( Kingston 3). In this opening section, Kingston establishes the power of silence through its use as a weapon. The eponymous â€Å"No Name Woman† of the introductory narrative, Kingston’s unnamed aunt, becomes the victim of silence. In an attempt to erase any memory of her existence, her family forbids any mention of her name, or – in Parrott’s Foucauldian terminology – â€Å"the family forcefully suppresses the linguistic representation of her name, dehumanizing her and symbolically denying her existence† (378). Thus, for Kingston’s family, silence – that which is not said – makes as powerful a statement as any vocalized or written truth. As Kingston herself says, â€Å"There is more to this silence. They want me to participate in her punishment. And I have† (Kingston 16). Silence not only erases past truth, but actively functions to create and convey a new truth, the construction of which Kingston is forced, throu gh silence, to participate in. In an attempt to reclaim power, Kingston breaks this silence, making â€Å"the rhetorical choice to extend existence back to that long-dead relative by telling the story† (Parrott 379). Of course, however, Kingston cannot give a factual account of her aunt’s history, any possibility of that truth having been sacrificed to years of compulsory silence extending through multiple generations. Instead, Kingston presents multiple variations of the story, illustrating her aunt alternately as a victim of rape and coercion, and also as a romantic, a young woman in love. Deprived of fact, Kingston is left to craft truth out of fiction, to fill in the gaps left by silence with her own interpretations. In Fun Home, Alison Bechdel also creates meaning out of the absence of linguistic representation. Like Kingston, Bechdel’s family history is of course also plagued by silence and repression. However, as a graphic memoir, the â€Å"gaps† left by the absence of expression in Fun Home manifest more literally in the form of the narrative – that is, in the â€Å"gutter† between illustrations, whose vacancy is silently responsible for the creation of meaning between each illustrated scene. Thus, as in The Woman Warrior, meaning in Fun Home is constructed not merely in spite of, but literally through absence. Of course, for Bechdel, this structural absence mirrors actual gaps in her knowledge. Bechdel’s understanding of her father’s life and death is necessarily incomplete, and in her attempt to make sense of it, she illustrates and conveys as history events that she could not possibly know to be accurate, as she was not there. Through illustration, Bechdel shirks some of the responsibility to convey fact promised by the autobiographical leaning of her work, establishing a loophole in the contract between herself and the reader by rejecting linguistic representation and instead turning to graphic representation in which she is free to illustrate her own version of the truth. Perhaps the best example of Bechdel turning to illustration as a way to convey the unknowable as truth is in her depictions of her father’s death. Like Kingston, Bechdel defines her own personal memoir largely in terms of her family history. Also like Kingston, Bechdel grapples with the uncertain circumstances surrounding the death of a relative – in this case, her father – and is left to fill in the gaps in her knowledge with speculation. The notion of his death as a suicide is an unproven – and perpetually unprovable – theory that dominates the narrative, and Bechdel illustrates the scene multiple times throughout the memoir. In creating these images, Bechdel is able to redefine and ultimately possess a crucial moment of which, having not been a witness, her knowledge is incomplete. Although in words Bechdel remains bound to her autobiographical contract with the reader and is forced to temper her assumptions about her father’s death with q ualifying admissions of uncertainty like, â€Å"Maybe he didn’t notice the truck was coming because he was preoccupied with the divorce,† and, â€Å"People often have accidents when they’re distraught,† in her illustrations, she remains free to recreate and depict truth according to her own interpretations (28). Bechdel’s willful revision of fact through visual imagery is also evident in the variations of her treatment of memory across these two – sometimes competing – mediums, text and image. Recalling an old story her grandmother used to tell her in her youth about her father’s childhood, Bechdel supplements her grandmother’s narrative with illustrations of the events she describes. In one of these illustrations, Bechdel depicts a man as a milkman who in her grandmother’s story is actually described as mailman. Once again, Bechdel qualifies her illustrated revision with text, including the confessional parenthetical, â€Å"I know Mort was a mailman, but I always pictured him as a milkman, all in white, a reverse grim reaper† (41). Here, Bechdel once again deliberately veers from fact, taking advantage of the freedom to interpret and express her own version of the truth through her illustrations. This variation between the realities presented in Bechdel’s linguistic and visual representations reflect the idea of multiplicity as truth – an idea that ultimately comes to define Bechdel’s personal narrative and understanding of herself as an individual. For both Bechdel and Kingston, the individual is an amalgam of different influences and individuals, including the family. As Bobby Fong remarks of The Woman Warrior: Kingston reconstructs a past from fragments of memory, most notably the stories given her by her mother. That past is not simply facts recollected, but myth and story retold and transformed to meet the needs of the narrator. The work is achronological and open-ended; as readers we are left with the impression of a life in process, with a developing order, but not static, ever unfinished. (117). While Fong contends that Kingston’s departure from the traditional autobiographical focus on the self as an individual in favor of â€Å"defining herself in terms of her place in a kinship line† is uniquely reflective of eastern culture, it can be extended to Bechdel’s decidedly western rendering of the American family as well (Fong 118). For both authors, identity depends on family history, and understanding that history is crucial to understanding the self. Thus, Bechdel and Kingston have no choice but to fill in the gaps in their knowledge with their own invention and speculation, using fiction to create and convey the truth of their own personal identities. If readers expecting factual autobiography feel betrayed by these tendencies toward speculation and fabrication, they will certainly be left shocked and confused by both Kingston’s and Bechdel’s ventures into actual fiction. Both The Woman Warrior and Fun Home incorporate fiction directly into the telling of their personal narratives – Kingston through myth, Bechdel through intertextuality. In this way, both Kingston and Bechdel irrevocably obscure the division between fact and fiction, using both to define themselves through their narrative and shattering any expectations or presumed promises of fact the reader may have of the genre. In â€Å"White Tigers,† Kingston departs from the preceding section’s speculative interpretation of relatively recent family history, instead imagining herself as the legendary Fa Mu Lan. This story is one of the many â€Å"models of reality† Kingston illustrates, rejecting the idea of her identity as a linear and individual progression (Fong 119). Though obviously not factual or reflective of her real experiences, Kingston traces her own life through an interpretation of Fa Mu Lan’s story, in order to both highlight their similarities and differences. Ultimately, Kingston uses the Fa Mu Lan legend as a kind of revisionist history, presenting her real life in stark contrast with the idyllic lapse into legend. Breaking away from the narrative with the confession, â€Å"My American life has been such a disappointment,† Kingston uses the Fa Mu Lan story to highlight the failures and struggles of her own life (45). For Kingston, her triumphant retelling of her life through the story of Fa Mu Lan allows her to point out the sexist injustices of her real existence as a woman in a society which she claims, â€Å"even now wraps double binds around my feet† (48). In reflecting on this, Kingston defines her life not strictly in terms of what has happened, but in terms of what might have happened – how things could or should have been different according to her personal values and beliefs. In Fun Home, Bechdel takes a similar approach, intertwining her narrative with other works of literature in what she refers to as â€Å"a suspension of the imaginary in the real† (65). The memoir both begins and concludes with an allusion linking Bechdel and her father to Icarus and Daedalus. Naturally, this comparison eventually gives way to Joycean allusions, as well as countless other references including Albert Camus and Oscar Wilde intimately interwoven within Bechdel’s narrative. In this way, Bechdel literally, if paradoxically, depends on fiction to convey truth. Perhaps the most significant and entangling literary analogy Bechdel draws is between her father and both Jay Gatsby and F. Scott Fitzgerald, taking the intertextuality even further with the statement, â€Å"I think what was so alluring to my father about Fitzgerald’s stories was their inextricability from Fitzgerald’s life† (65). In a multi-step labyrinth of intertextuality, Bechdel sees the lives of herself, her father, and even of F. Scott Fitzgerald himself hopelessly entangled in fiction, the real completely dissolved in the imagined. For Bechdel, there is no distinction between fact and fiction, history and story. With statements like, â€Å"My parents are most real to me in fictional terms,† Bechdel actually emphasizes the idea of fiction as a pathway towards, rather than a diversion from, reality. Both Bechdel and Kingston unapologetically intertwine their personal narratives with fiction, actively subverting any expectations of autobiographical fact presumably promised by their memoirs. Neither author sees truth as a mere compendium of objective fact, but rather as a patchwork quilt of fragmented memories, incomplete personal and familial history, and even fiction itself. Any attempt to distinguish absolutely between fact and fiction in these texts would not only be futile, but also impossible. In fact, this distinction – which genre claims to delineate – is impossible to truly identify in any literary work. Once an experience passes into the represented world, even if it is taken there with the most dedicated intentions of accuracy and faithful depiction, it becomes precisely that: a re-presentation forever divided from the reality of its real world existence and subject to interpretation that will bring it perpetually further still. Thus, the purported delinea tions marked by genre are arbitrary at best. There can be no fiction or non-fiction. They are inextricably bound up together in the wonderland of the represented world. Works Cited Bechdel, Alison. Fun Home. New York: Mariner, 2006. Print. Fong, Bobby. â€Å"Maxine Hong Kingstons Autobiographical Strategy in ‘The Woman Warrior.’† Biography, vol. 12, no. 2, 1989, pp. 116–126. Web. Kingston, Maxine Hong. The Woman Warrior. New York: Vintage, 1989. Print. Parrott, Jill M. â€Å"Power and Discourse: Silence as Rhetorical Choice in Maxine Hong Kingstons The Woman Warrior.† Rhetorica: A Journal of the History of Rhetoric, vol. 30, no. 4, 2012, pp. 375–391. Web.

Saturday, May 16, 2020

Enhancing Education Through Technology Act - 923 Words

Let me ask you a question, do you want to fail because you don t understand the complicated course material? The Enhancing Education Through Technology Act will allow students to comprehend course content better as well as prepare them for the trials of the modernized world. One may ask, what is the Enhancing Education Through Technology Act? The Enhancing Education Through Technology Act is aimed to aid student performance by using the advanced technology we have in this modern era. This act will also give students the chance to be proficient in our advanced technology. Not only could this be a huge help for students, in professional life, but also in their personal life. The Enhancing Education Through Technology Act will help students in all aspects of classroom learning. It will be more relevant to the students, and it will increase class participation. It will also level the playing field, by allowing all students have access to the same technology. Therefore, it will allow stud ents to have a similar education experience, and give all students an equal chance. One of the first initiatives the Enhancing Education Through Technology (EETT) Act will need take is redesign courses using modern technology. Some may say that students need to learn handwriting and many other traditional subjects that are being taught now. Just by enhancing our schools programs doesn t mean we have to forget the past. Hence, the act in called the Enhancing Education Through TechnologyShow MoreRelatedMedical Errors And Unsafe Care Harm1319 Words   |  6 Pagesincrease the quality and safety of healthcare systems. Safety in healthcare decreases risk of harm to patients and providers through both system effectiveness and individual performance. The integration of safety in healthcare, which is important for future nurses to utilize in practice, can be applied through accountability, error reporting systems, and safety enhancing technologies. Accountability Future nurses can implement safety in nursing practice by being accountable in healthcare systems withinRead MoreEnhancing Indian Fdi : Role, Prospects And Challenges Essay949 Words   |  4 PagesAbstract Title: Enhancing Indian FDI: Role, Prospects and Challenges to Nepalese Economy †¢ Author (s) name(s): Rajendra Adhikari, Arjun Kumar Baral (Ph.D) †¢ Organization of the author(s): Mechi Multiple Campus, Bhadrapur, Jhapa, Nepal; Post Graduate Campus, Biratnagar, Nepal Research Question FDI as key components of economic globalization plays prominent role in stimulating economic growth through capital formation, technology transfer and enhancing employment opportunities in the developing countriesRead MoreImproving Efficiency And Effectiveness Of Learning1093 Words   |  5 PagesIn the past decade, Information and Communications Technology (ICT) has developed its potential to enable national economic, social, and educational development. Online learning has been promoted as being most effective, more convenient, and providing increased opportunities for the lifelong learner (Olson and Wisher, 2002; Richardson and Swan, 2003). In Thailand, the government started educational reform the 2nd in the 2002 National Education Act (NEA). The purpose of this reform focused on improvingRead MoreForeign Direct Investment 1561 Words   |  7 Pageshas momentous advantages over equity and debt capital flows. Most of the foreign firms that start their conduct of business in other countries, they not only come with capital but transfer modern technology, promote human capital by training the host country’s employees according to the change of technology to those countries, and this is the key for the development of the host country. According to author Direct Investment replicates aspire of acquiring an enduring awareness by an inhabitant bodyRead MoreTechnology As An Instructional Tool910 Words   |  4 Pagesis how educators feel about technology usage and specifically how they feel about using technology as a teaching strategy. I know that in order to be successful in learning, students must be motivated. If students are not motivated they may not stay engaged and could become disinterested in the learning process and using technology as a teaching strategy is just one way this goal can be achieved. Therefore, I chose the article, Teachers’ perspective on using technology as an instructional tool. TheRead MoreThe Marketing Strategy Of Nikon Company1376 Words   |  6 Pagesstrategy in ensuring that their customers are educated successfully. The rise in the use of digital technology for work, leisure and other activities has influenced customer to rise the need of digital competency. Consumers need to have knowledge of technology and know their rights and responsibilities when using digital technology. Adequate customer education is important and necessary in enhancing the needed competency. It is important for the Nikon Company to understand firstly as to how consumersRead MoreForeign Direct Investment As A Key Component Of Economic Globalization894 Words   |  4 PagesForeign Direct Investment as a key component of economic globalization could play a prominent role in stimulating economic growth through capital formation, technology transfer and enhancing employment opportunities in the developing countries like Nepal. Nepal and India both have liberalized foreign investment policies that would help promote FDI in Nepal (Dahal et.al. 2004). Despite significant liberalization of the foreign investment regime and the i ntroduction of attractive investment incentivesRead MoreEvolution Of Business Report On Human Resource Development1447 Words   |  6 Pagesof interests. Consequently, it is important to develop a strategic plan which encompasses the various factors that are involved in human resource planning and development. This involves innovation in change strategies, management of diversity in technology in the implementation of the human resource role. Apart from the development, it is important to have monitoring and control in order to ensure that a proper foundation is laid out in ensuring long-term profitability of the organization. The RoleRead MoreHuman Resource Planning And Development1444 Words   |  6 Pagesinterests. Consequently, it is important to develop a strategic plan which encompasses the various factors that are involved in human resource planning and development. This involves innovation in change strategies, management of diversity and roping in technology in the implementation of the human resource role. Apart from the development, it is important to have monitoring and control in order to ensure that a proper foundation is laid out in ensuring long term profitability of the organization. The RoleRead MoreSchool Profile : Crown College Essay1023 Words   |  5 PagesCollege is Christian-based, so the campus is alive with religious prayers, services, ministries and supportive program. Crown College maintains membership through the Council of Christian Colleges and Universities (CCCU), which includes more than 100 accredited educational institutions offer Christian faculty, administration and higher education programs. Around 20 percent of students are from 40 different countries. Local students who want to go abroad may participate in the Global Impact Team program

Wednesday, May 6, 2020

Essay on The History of Slavery - 570 Words

Slavery has a lot of effects on African Americans today. History of slavery is marked for civil rights. Indeed, slavery began with civilization. With farming’s development, war could be taken as slavery. Slavery that lives in Western go back 10,000 years to Mesopotamia. Today, most of them move to Iraq, where a male slave had to focus on cultivation. Female slaves were as sexual services for white people also their masters at that time, having freedom only when their masters died. In South American countries, during the period from late 19th and early 20th centuries, requirement for making the labor to be more focused harvesting of rubber, expansion and slavery in Latin America and somewhere else. Original people were changed as†¦show more content†¦The changing from indentured servants to racial slavery gradually happened. Only a percentage of the African slavery brought to the New World ended up in British North America about 5%. Most of the slaves went by ships acr oss the Atlantic were sent to Caribbean sugar colonies, Brazil or maybe Spanish America. In the 1680s, slaves of African were imported to English colonies with considerable numbers. Also in that time, British farmers in the northern colonies were buying slavery with great numbers too. Slavery in North America was changing. Even though there were blacks, half if black and white people and America were born slave owners in some colonies in the Americas, and many white did not own slaves. In the Americas, chattel slavery was basically different from other parts of the world because of the original dimension. Like somewhere in the world, slaves often have a same or similar culture as the slave owners. An old slave could spread freely into society. A generation later, their former slave status would be forgotten. Otherwise, slavery was the important effect to promote causes of the Civil War. Approximately, in one Southern family has four held slaves to war. According to the 1860 in the United Stated, about 385,000 individuals owned one or more slaves. About of black people lived in the South, including one third of the population there as protested to 1% of the population of theShow MoreRelatedSlavery in History713 Words   |  3 PagesSlavery has been around for centuries, and still is present today with the development of custom definition. Slavery does not only affect the caucasian and the African americans. When you think of slavery, what do you think of? Who is affected? Slavery is so important because it was a geological and world-wide act. This act of slavery affected many people for the good and the bad. The economy and plantation owners were affected in the act of slavery. You should be informed that, how slavery affectedRead MoreSlavery, A World History1107 Words   |  5 Pagespreviously existed throughout history, in many instances and most countries is known as slavery. So what exactly is it? How did slavery begin? And what does it mean in our world today? These are complex questions that are often asked and, possibly, by understanding the forms it takes and the roles such slaves perform. What daily life is like for those enchained and what can be done to end this demeaning practice may help in answering those questions. It is known that slavery is a system under which peopleRead MoreHistory : Existence Of Slavery Essay1596 Words   |  7 PagesKristin Ikeler History 1301 Existence of Slavery in America One of the historic foundations that the United States was formed on was known as slavery. Slavery had such an immense impact on American history from the early sixteenth century to the nineteenth century. It has facilitated in shaping the modern world, in addition to slavery had a strong role in forming the United States Constitution as we know it today. Slavery refers to an individual who is owned by othersRead MoreAmerican History: Slavery910 Words   |  4 PagesSlavery (APA) American History Slavery (Order #A2094863) Question #1 In the first half of the 19th century the Untied States quickly expanded westward, but as the country grew the expansion of slavery became a hotly contended issue. Those states that already allowed slavery, mostly the South, wanted to expand the institution into newly established territories and states, while non-slave states in the North wanted to curtail it. In response, a series of compromises were reached in Congress whereRead MoreSlavery, a World History1095 Words   |  4 Pagesâ€Å"Slavery,† an issue some would say is complicated. So what exactly is slavery? What does it mean? And how did it come to be? These are complex questions that are often asked and possibly, by understanding the forms it takes and the roles such slaves performed. What daily life is like for those enchained and what can be done to end this demeaning practice may help in answering those questions. It is known that slavery is a system under which people are treated as property to be bought, sold a nd areRead MoreAncient History and Slavery836 Words   |  4 PagesSlavery is a condition defined as one human being owning another human. Ancient history shows the Greeks, Romans and Mayans accepted slavery. Later continental Europeans became involved in slavery, importing slaves from Africa to the New World. During this time over eleven million African slaves were taken from their homeland as part of the transatlantic slave trade. Eventually the American Civil War led to slaves freedom due to the signing of the Emancipation Proclamation, which was signed byRead MoreHistory IA on Slavery1380 Words   |  6 Pagesanalyzed by Robert P. Green, a â€Å"distinguished professor† who claims a Masters in United States History, a Bachelors in History and has taught American Educational History, Principles of American Education along with several other courses at Clemson College. Green’s purpose is to provide a volume of information for students to learn the basic facts behind pivotal events in African American legal history and to understand controversial views of these events all leading up to the civil rights movementRead MoreThe Unwritten History Of Slavery2506 Words   |  11 Pages and domestic. Egypt dedicated her life to social work through various activities. She worked as a sociologist, researcher, teacher, director of organizations, and social worker at different times in her life. Egypt’s book, The Unwritten History of Slavery (1968), and the Planned Parenthood Clinic in Southeast Washington D.C. named after her represent Egypt’s legacy and how one person is capable of social change. Egypt was born in 1903 and raised near Clarksville in northeast rural Texas (WardRead MoreThe History of Slavery in the Americas732 Words   |  3 Pagesharder labored source, much better than indentured servants (who were mostly poor Europeans). In 1619, a Dutch ship brought 20 African Americans to the British colonies of Jamestown, Virginia, Charleston, and mostly any other big cities on the cost. Slavery spread throughout the American colonies pretty fast. It is impossible to give an exact number, but some historians have estimated that 6 to 7 million slaves were imported to the Americas during the 18th century alone. They took some of Africa’s healthiestRead MoreInfluence Of Slavery On American History1351 Words   |  6 PagesInfluence of Slavery on American History From the first 20 slaves brought to Jamestown in 1619, the abolishment of slavery through the 13th amendment to the United States Constitution, slaves and slavery have played an important role in the establishment and economic growth of the United States of America. From its beginning, slavery has divided America on its pursuit of life, liberty and happiness. Separating from its own oppressor on the words â€Å"That all men are created equal, that they are

Tuesday, May 5, 2020

Interco free essay sample

First, any suggestion in the story that our fee arrangement with Interco was something we â€Å"evidently wanted . . . kept secret† is absurd and unfair. All tender-offer-related fee arrangements must be disclosed pursuant to the U. S. securities laws. In fact, our arrangements with Interco were promptly and publicly disclosed. Second, the board of Interco had already publicly committed itself to pursuing a restructuring and to launching the recapitalization plan prior to the date that our fee arrangement was agreed on with the company. Neither we nor the board viewed our fee arrangement as contingent in practical effect.Furthermore, unlike our recapitalizations or reorganizations of this size that involve hundreds of millions of dollars of banking fees, this transaction was designed to avoid large bridge financing and junk-bond underwriting fees. In this case, securities were issued directly to shareholders thereby passing savings on fees through to the shareholders. In fact, a relatively small fee was payable upon completion of the recapitalization: . We will write a custom essay sample on Interco or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 7 million. The Journal story also implied that the recapitalization plan was unnecessary and pursued in a hasty manner after the hostile bidder dropped its offer.This has no basis in fact. There were extensive meetings with the operating units to review their plans. The board—which had been briefed extensively on the plan during numerous long meetings over several months—had already publicly announced its intention to pursue the recapitalization. The markets relied on these public statements. Interco had already begun the recapitalization process and had paid significant commercial bank commitment fees to finance the senior debt portion of the transaction. The company remained under pressure from the former raider, which was still its largest shareholder, and from arbitragers, which held a large portion of its stock. If Interco had decided not to pursue the recapitalization, it would have been vulnerable to a takeover by the former raider or another party, possible at a much lower price. The recapitalization was a good-faith effort by the board of directors to deliver value to shareholders, to avoid potentially massive shareholder litigation, and to put an end to a hostiletakeover attempt.The projections relied on in the recapitalization were prepared by Interco’s operating management—not by us. We do not run companies: Our clients do. These projections were accepted as reasonable by an independent appraisal firm that opined upon the viability of the recapitalization, and by a syndicate of highly sophisticated commercial banks that lent more than $1 billion to the transaction. Indeed, the company’s next attempt at projecting its performance, done during the reorganization period with a new set of sophisticated advisers and with a very long period of 14 reparation, turned out to be materially off target again.