Meanwhile, both foreign directors and foreign commissioners have no effect on profitability. Foreign-owned banks are associated with increased profits. Acquisitions by foreign parties are considered to be able to improve the performance of local banks. The results of this study indicate that foreign institutional ownership has an effect on profitability. The research method used is multiple regression analysis. The sample used in this research is banking companies listed on the Indonesia Stock Exchange in 2014-2018. This study aims to examine whether foreign institutional ownership, foreign directors and foreign commissioners have an effect on profitability. Merger between local banks and foreign banks will allow foreign workers to work in Indonesia. Sweetly, the inscription on May’s gravestone in River Grove, Illinois reads ‘Robert L May, Father of Rudolph the Red-Nosed Reindeer’.In 2018, the banking world became a hot topic of conversation because several foreign companies announced their plans to own shares in local banks in Indonesia. He also said that the tale was a ‘story of acceptance’ which showed that ‘toleranceĪnd perseverance can overcome adversity’.Ī message that’s chimed with children and adults worldwide ever since and, as the song says, Rudolph’s name Shy, small boy who ‘had known what it was like to be an underdog’. Modelled both on ‘The Ugly Duckling’ tale and on his own experiences of being a Worked full-time on Rudolph-related business, remarked that the story was It also gave worldwide recognition to a reindeer with a very shiny nose and led to a spin-off of Rudolph-related products. The song, which was released in 1949 and recorded by Gene Autry (nicknamed The Singing Cowboy) became Christmas number one in the US. While in 1948, at May’s request, his brother-in-law Johnny Marks wrote the words and music to the famous song ‘Rudolph the Red-Nosed Reindeer’. The following year he benefited financially from both audio and printed versions of the story. Left with debts from Evelyn’s hospital bills which he was still struggling toīosses of Montgomery Ward gave him the copyright to the story in 1947 and his Him a single parent to their then five-year-old daughter Barbara. Red-Nosed Reindeer story, his wife Evelyn lost her battle with cancer and left In 1939, at the same time as writing the Rudolph the Wartime restrictions on paper came to an end, another 3.6 million copies wereĭistributed to Montgomery Ward shoppers in 1946.Ĭoupled with sadness.
That Chrismas in 1939, the retailer, which had branches across the US, gave away more than two million free copies of the booklet, which was a roaring success. Warned that a red nose had connotations of alcoholism.Īnd, according to May himself, his boss said, ‘Can’t you come up with anything better?’ĭespite these setbacks, May managed to convince his employer to back the idea and with the help of one of the company’s illustrators made the first draft of Rudolph The Red-Nosed Reindeer. Storyline in 1939, it wasn’t initially met with universal acclaim.Ĭatalogue company Montgomery Ward, consulted the opinion of a focus group who
The plot was settled and years later it would inspire theīestselling song about Rudolph who Santa approached one foggy Christmas eve.īut, ironically, when May first came up with the idea for the Navigation difficult for Santa Claus and so he had the light bulb moment of Office window at the fog from Lake Michigan. The idea of giving Rudolph a glowing red nose after staring out of his Chicago Unhappy problem’ and Reginald ‘seemed too sophisticated’ but Rudolph ‘rolled With the name ‘Rollo’ before changing it to ‘Rudolph’ and getting it approvedĮxplained that he decided Rollo sounded ‘too happy for a reindeer with an New Hampshire, shows that he circled just two of these names, Rudolph andīeing circled, Dartmouth College reports that May was originally going to go He later donated for safekeeping to his former university Dartmouth College in Rollo, Roland, Reggy, Reginald and Romeo. Out a list of ten possible candidates: Rodney, Roddy, Roderick, Rudolph, Rudy, The letter ‘R’ to go with ‘red-nosed’ and ‘reindeer’ but the field was still Together with Dasher, Dancer, Prancer, Vixen, Comet, and Cupid? He even began his story with an echo of Clement Clarke Moore’s openingīefore Christmas…’ instead of ‘Twas the night before Christmas…’.īut what name would he choose to add to those of Donner and Blitzen, So May, who already knew about Santa’s eight-strong team of reindeerįrom the Clement Clarke Moore poem, ‘The Night Before Christmas’, decided to US department store copywriter, was asked by his employer to write a cheeryĬhristmas story, featuring an animal, to give away to customers. Most interestingly of all, the reindeer’s name which went down in history nearly wasn’t Rudolph.