Corporation, with an emphasis on research and development and on long-term growth. On the other hand, Jill would like to de-emphasize the R&D functions and emphasize the marketing functions to maximize short-run sales and profits from existing products. She believes this strategy would raise the price of Galen's stock. All of Jim's personal capital and borrowing power is tied up in his 51% stock ownership. He knows that any offering of additional shares of stock will dilute his controlling interest because he won't be able to participate in such an issuance. She would then dictate the company's future direction, even if it meant replacing Jim as president and CEO. The company already has considerable debt. Raising additional debt will be costly, will adversely affect Galena's credit rating, and will increase the company's losses due to the growth in interest expense. Jill and the other minority stockholders express opposition to the assumption of additional debt, fearing the company will be pushed to the brink of bankruptcy. Wanting to maintain his control and to preserve the direction of "his" company, Jim is doing everything to avoid a stock issuance. He is contemplating a large issuance of bonds, even if it means the bonds are issued with a high effective interest rate.