...Waka Flaka-Go Hard Kanye West • All of The Lights • Flashing Lights • When It All Falls Down Renee and Angela-Imaginary Playmates Norman Conners- Star Ship Womack Womack- Baby Im Scared Of You Bootsie Collins- I’d Rather Be With You 50 Cent- In The Club Outkast-So Fresh So Clean Gucci Mane-Photo Shoot Nelly & Kelly Williams-Dilemma Lupe Fiasco-Day Dreaming Line Dances • Vic-The Wobble • Cupid Shuffle • Dj Quick-(I don’t know the name of it) Lil Kim-Ladies Night Puff Daddy-Cant No Body Hold Me Down Michael Jackson Anthony Hamilton-The Point of It All Usher-Here I Stand/There goes my Baby Notorious B.I.G.- One More Chance DeBarge- A Dream Johnnie Gill-My My My T.I. Top Back-Remix Yo Gotti-5 Star Chick-Clean Version Neo- Champaign Life Neo- Miss Independent Usher-You Make me Wanna Isley Brothers • Footsteps in the Dark • Summer Breeze Busta Rymes-Pass The Courvoisier Big Tymers-Numba One Stunna Lupe Fiasco DayDreamin Chingy & Tyrese- Pullin Me Back Ginuwine-Pony Gap Band-Yearning For Your Love Earth Wind & Fire-After The Love Has Gone Song for the Garder-I’m a Dog-Gucci Mane • Wanna Be Startin Somthin • P.Y.T. • The Lady In My Life • Rock With You • Butterflies • We Major Method Man Feat. Mary J. Blige-Your All I need Marvin Gaye-Lets Get It On Sade-Smooth Operator Anita Baker-Sweet Love Luther Vandross-Take You Out Tonight (Excuse Me Miss) Lauren Hill-Nothing Even Matters The Roots Feat. Eryka Badu- You Got Me Kelly Roland-Motivation Jill Scott-Long Walk Kindred The Family...
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...The warm summer sun is baking my skin like bread, the cool ocean breeze is whipping my hair, and I am floating on the calm cool waves gliding to the mushy surface of the sand. I can feel the burning hot sand cooking my feet like steak to a medium rare. The sand feels like I am stepping in lava with every step comes more pain, which makes me yearn to get to the cool salty sensation of the ocean. I can feel shells piercing through my skin like sharp knives poised and glad to kill. Seeing the vicious, dirty, irritating seagulls scouting for food, hurtling to their target disrupting families’ enjoyable time. I can see little children’s smile brightening the day, as they build sand castles with blue and green buckets, adding all kinds of beautiful twisted unique shells, and adding a big red flag to the top with their families company. The sleepy ocean waves pulling back and pushing forward calmly as if it suddenly got tired of causing mishap, and knocking people their boards, but is now bored and at ease. The bright summer sun is burning my eyes out, melting everyone to a pile of goop. I can taste the nasty salty water stinging my mouth, making me want something strong enough to wash away the nasty taste of salt forever making it vanish. Tasting spicy yellow hot peppers scattered around my mouth with cold smoked turkey, green sweet peppers, scrumptious tomato, and white provolone cheese mixed together leaving me to savor the yummy taste of a Wawa sub. Then washing it down with...
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...some people, like rapper Lupe Fiasco, manage to escape the ghetto and tell the truths of the inside. Lupe Fiasco is widely considered to be one of the best rappers when it comes to lyrical content. His subject matter is deeper than most rappers and he is very passionate when it comes to his music. Having escaped the ghetto, he is able to provide a first hand experience of what really goes on in the inside. This results in a unique situation because his music is essentially the meeting ground for two different cultures. Mary Louise Pratt, author of the essay, “Arts of the Contact Zone”, describes this meeting ground as a place where cultures “…meet, clash, and grapple with each other” (Pratt 501) or more simply put, a place she calls the contact zone. The contact zone consists of many elements and is most prominent in certain types of text. One particular text, an autoethnographic text, can be seen in some of Lupe Fiascos music. One specific example of this is a song by Lupe Fiasco titled “Chopper”. This song is such a good example of this particular text because he has both the perspective of the inside of the ghetto and the outside. He sees what other outsiders can see but wants them to know what is really happening on the inside. He is able to blend the two different cultures and wants to give the less dominant culture a voice and does so with this song. “Chopper” is a very unique piece of music. It comes from Lupe Fiascos newest album titled Testuo &...
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...Mehtab S. Dhaliwal Georgia M. Roberts B CUSP 117D 03 March 2012 “…I feel like murder but hip-hop you saved me…” (Lupe Fiasco) But what is Hip Hop? No one really has a concrete classification for this term, though many have their own opinions on what the culture of Hip Hop is. Some view the culture of Hip Hop as a door into a different culture, something one has never experienced first hand. While others claim that “…hip hop is primarily responsible for every decline and crisis world-wide except the war in Iraq and global warming…” (Rose) because of the negative influences it has on many people. Numerous parents believe their children shouldn’t be listening to this type of music due to the explicit lyrics. There are countless opinions of what Hip Hop means, but no one really converses about one actual definition. To me, Hip Hop is a way for people to express their opinions and experiences within their music. Hip Hop is distorted throughout history. It originated in the streets of New York City during the late 60’s early 70’s, specifically in the Bronx. Back then it was just a style of poetry, like a type of freestyle that young black men performed. Quickly this style started to become popular and the black youth began “…engaging in verbal duels with contenders like a linguistic match…” (Gates). Due to the geographic location of this formation of Hip Hop, it is considered a “black art form”. Other ethnicities such as the Caribbean and Latin peoples probably had...
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...CORPORATE GOVERNANCE 1 CORPORATE GOVERNANCE We can attribute societies demand for improved corporate governance on the number of recent financial scandals that have occurred in both the United States and abroad in the past decade. For many organizations, the way to rebuild shareholder confidence was to implement a fundamental framework of procedures that would ensure scandals like Enron, WorldCom and Tyco would not occur in the future. It is precisely these scandals that made corporate governance the focus of organizations worldwide. Corporate governance is defined as the principles and processes that provide the strategies on how an organization directs and obtains its goals, the oversight process for implementing effective accountability from its directors and managers (Rittenberg, Johnstone, & Gramling, 2012). What are two of the principles that surround corporate governance? How do they tie into the recent legislation that was put into place to resolve ethical challenges and changes within the last decade? Two principles that surround corporate governance include “successful management and ethical corporate culture and independence and objectivity” (Creel, 2013). It is management’s responsibility to create a culture of “integrity and ethical behavior” (Rittenberg, Johnstone, & Gramling, 2012). In addition, it is imperative for board members to maintain their objectivity and their judgment must remain independent and in the best interest of its stakeholders. Corporate...
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...Corporate governance is an area that has been growing apace in the last decade or more and there has been great interest in corporate governance today from governments, investors and directors alike. Why and how have the law and regulatory bodies in Malaysia kept abreast with these latest developments? Discuss. * S167A Companies (Amendment) Act 2007 stipulates companies to set up effective internal control system to prevent any unauthorized usage of assets and to maintain proper records for the assets. * However, the agency issue among listed companies in Malaysia lies within the controlling shareholder. Expropriation of …. * However, companies such as YTL Corp, Celcom, Yeo Hiap Seng, which are controlled by individuals with strong political connections or family owned companies, usually do not disclose accurate executive remuneration packages. Hence, agency costs may arise as there is a high possibility that majority controlling shareholders will provide high remuneration packages for themselves at the expense of the minority shareholders * * Rachagan. S. (2007) “Controlling Shareholders and Corporate Governance in Malaysia: Would the self-enforcing model protect minority shareholders?”, The Corporate Governance Law Review, 3(1). Corporate governance is a term that refers to the rules, process or laws by which businesses are operated, regulated, and controlled. It describes the rules and practices put in place within a company to deal with the relationships...
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...Satyam Likely To Exist Post Scam : Gartner Study 3,300 views Although several companies are trying to have a bite into Satyam Computers, according to Gartner study, the company is likely to exist in its current form. It is expected to discontinue some of its businesses, service lines or cease to exist in certain geographies by 2010. The study indicated that even the name Satyam may not be around by that time, as the company is expected to undergo a complete change, in ownership and organizationally. Satyam’s ability to sign on new clients during 2009 has significantly diminished, says the study. ‘‘In addition, it will be challenged to invest in client engagements, staff developments or R&D, all critical elements for IT services,’’ said Gartner’s V-P for research, Frances Karamouzis. Read more Posted by Satyam Fraud News Reporter on Sunday, February 1, 2009 at 7:46 am Filed under Impact Of Satyam Scam On Indian Economy Ex-Satyam Director Resigns From Sasken Board 1,536 views Serial entrepreneur and NewPath Ventures co-founder Vinod K Dham resigned from the board of Sasken Communications as an independent director, a top official of the communications solutions provider said on Monday. “Yes, Dham has resigned as a director of the company from the board on January 17,” Sasken chairman and managing director Rajiv C. Mody told IANS but declined to elaborate. “We will inform you later, as we are busy with investors and analysts in a conference call on our third quarter...
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...A special CBI court on Thursday sentenced B Ramalinga Raju, his two brothers and seven others to seven years in prison in the Satyam fraud case. The court also imposed a fine of Rs 5 crore on Ramalinga Raju, the Satyam Computer Services Ltd's founder and former chairman, and his brother B Rama Raju and Rs 20-25 lakh each on the remaining accused. HT presents a lowdown of the country's biggest-ever corporate accounting scandal . What is the Satyam scam about? It is about corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants. The company misrepresented its accounts both to its board, stock exchanges, regulators, investors and all other stakeholders. Is this an accounting fraud, a market manipulation/fraud or both? It is a fraud, which misled the market and other stakeholders by lying about the company’s financial health. Even basic facts such as revenues, operating profits, interest liabilities and cash balances were grossly inflated to show the company in good health. Who is to blame here? The promoters? The promoters are primary culprits, although it is almost impossible to misrepresent such facts without the connivance of the auditors and some executive board members. Independent directors, it seems, were kept in the dark about the actual books of accounts. What about the auditors? The role of external third party auditors, who were tasked to ensure that no financial bungling is undertaken to carry...
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...the trickery behind the manipulation of financial statements. When we get right down to it playing games is what happens. Someone comes along and they think they know something the rest of us are too dumb to know. They think they are special and that God bestowed upon them special powers to get away with something no one else has been able to get away with in the entire history of mankind. I am intrigued with the thought process behind the faces of these people who think they have what it takes to trick the rest of us. I can only think of a few words; hubris, vanity, ego, arrogance and delusional. I do not believe it is truly possible to ever get away with anything. No man has a good enough memory to be a successful liar. Given the corporate ethical breaches in recent times, I will assess whether or not I believe that the current business and regulatory environment is more conducive to ethical behavior. I will say up front that as I start this paper I do not believe anything has improved in America or in the world ethically speaking. I say this with confidence but not with pride. After all we are all human and we all have a sin nature. I do not care if a person tells me they do not believe in God or if they tell me they do believe in God. Research has proven conclusively that all of us cheat. We essentially weigh everything based upon...
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...VANITA YADAV C.V. BAXI CORPORATE GOVERNANCE FAILURE AT SATYAM “Why do you want to quit Satyam,”1 the panel member asked the 30-year-old employee being interviewed. Satyam Computer Services Ltd (“Satyam”) was India’s fourth-largest computer services company; however, many employees had left and applied for new jobs after news of a US$1.4 billion corporate fraud at Satyam became public in December 2008. 2 Satyam’s governance failure had severely shaken its stakeholders and the global business community, and the business press worldwide referred to Satyam as “India’s Enron”.3 Satyam was listed on the New York Stock Exchange (“NYSE”) in 2001 and on Euronext Amsterdam in 2008. 4 It boasted a large number of clients, including many Fortune 500 companies.5 The founder of Satyam Computer Services, B. Ramalinga Raju (“Raju”), was a highly regarded entrepreneur and an eminent fixture at prestigious corporate events in India.6 In 2007, he was honoured with the Ernst & Young Entrepreneur of the Year award, yet a mere two years later, on 7 January 2009, Raju made the calamitous confession that he had falsified accounts on a grand scale over a long period of time. His shocking announcement sparked a big debate over whether India possessed adequate guidelines for corporate governance. 7 How did Raju commit a fraud of such magnitude? How could a successful company, twice awarded the Golden Peacock award for corporate governance excellence collapse in such a manner? 8 Where did the internal...
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...LIFECYCLE OF CORPORATE IDENTITIES Executive Summary The research attempts to explore the need for a change in corporate identity by organizations and to figure-out a pattern, if any, associated with such a change across organizations. As the introduction to the paper we have defined ‘Corporate Identity’, its purpose and elements. In this paper we have limited our case studies to corporate identities that have reflected some kind of a visual change apart from changes in any other element. We have analyzed ten inflexion points ranging from mergers and acquisitions to business re-orientation to changes in organizational culture and how these factors necessitate changes in corporate identity. Based on this we have proposed a model which showcases the growing impact of these factors over time and how the occurrence of World events has intensified the ‘change factors’ which in turn are putting all the more pressure on corporations globally to reconsider their identity. The intensity of these factors would vary from industry to industry, with each industry having a different lifecycle. The model brings out the paradox of shortened lifecycle of corporate identities which itself poses an extraordinary challenge to companies for effectively elongating and managing their identities. Changing ones corporate identity is not only an expensive affair but can also create dissonance in the minds of the stakeholders, if not managed and communicated properly. In order to succeed companies will...
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...Programme) Ethical Issues in Satyam Scam Abstract “Reputation is an idle and most false imposition: oft got without merit, and lost without deserving”. Failed institutions, including Lehman Brothers, Enron and Satyam, would stand a testimony to this affray in a post-mortem analysis. This paper discusses corporate ethical issues involved in ‘Satyam Scam’ from a compliance perspective. It makes a distinction between legal and ethical compliance mechanisms and also shows that the legal compliance mechanism has clearly proven to be inadequate as it lacks the moral firepower to restore confidence and the ability to build trust. The concepts of freedom of indifference and freedom for excellence provide a theoretical basis for explaining why legal compliance mechanisms are insufficient in 2 dealing with fraudulent practices and may not be addressing the real and fundamental issues that inspire ethical behavior. The focus of the virtues in governance is to establish a series of practical responses which depend on the consistent application of core values and principles as well as commitment to ethical business practice. In my opinion, No one makes it to the top ranks of corporate management without a healthy amount of self-assurance. Confidence underlies decisive, strong leadership, but does overconfidence lead managers to cross the line and commit fraud? . This paper focuses generally on academic business ethics, more particularly on the philosophically-informed part of business...
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...CLICO’s Collapse: Poor Corporate Governance Wayne Soverall1 Abstract The corporate collapse on January 30, 2009 of CLICO, the largest conglomerate in Trinidad and Tobago and the Caribbean, is the worst financial shock experienced by the region to date. Today, more than two years later, its devastating effects are still being felt as the government continues to struggle with the bailout to stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership government that came to power on May 24, 2010 established a commission of enquiry to investigate the causes of CLICO’s collapse, the scope of the MOU, the cost of the bailout, and the failure to provide a bailout to the Hindu Credit Union (HCU) that collapsed in 2008. There are many questions that are still unanswered. What were the root causes of CLICO’s collapse? What corporate governance structures and practices precipitated the collapse? Did the bailout create moral hazard? Who or what was to blame for the collapse? What action has the government taken to date? What lessons have been learnt and, more importantly, how can this situation be prevented from being repeated in the future? This concept paper examines these questions, analyzes the evidence to find answers, and in the conclusion, suggests ways to improve corporate governance and the empowerment...
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...CLICO’s Collapse: Poor Corporate Governance Wayne Soverall1 Abstract The corporate collapse on January 30, 2009 of CLICO, the largest conglomerate in Trinidad and Tobago and the Caribbean, is the worst financial shock experienced by the region to date. Today, more than two years later, its devastating effects are still being felt as the government continues to struggle with the bailout to stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership government that came to power on May 24, 2010 established a commission of enquiry to investigate the causes of CLICO’s collapse, the scope of the MOU, the cost of the bailout, and the failure to provide a bailout to the Hindu Credit Union (HCU) that collapsed in 2008. There are many questions that are still unanswered. What were the root causes of CLICO’s collapse? What corporate governance structures and practices precipitated the collapse? Did the bailout create moral hazard? Who or what was to blame for the collapse? What action has the government taken to date? What lessons have been learnt and, more importantly, how can this situation be prevented from being repeated in the future? This concept paper examines these questions, analyzes the evidence to find answers, and in the conclusion, suggests ways to improve corporate governance and the empowerment...
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...Global perspectives on governance: lessons from east and west While the core principles of governance are the same throughout the world, the Asian model places particular emphasis on trust and relationships. This paper discusses the key differences between the western and Asian approaches to help business leaders explore the best aspects of both. Conclusions 1. The corporate governance model that’s familiar in Asia, Africa and most developing nations places strong emphasis on trust and relationships. This can be beneficial for stakeholders: the typical pattern of ownership in businesses means that there can be a longer-term view of an organisation’s success compared with that in a western company. But the system is potentially vulnerable to corruption and cronyism. It can also be difficult to implement basic control procedures. 2. The prestige of what can be broadly termed the western governance model has diminished in the aftermath of the financial crisis. This model has driven globalisation and has emphasised a combination of legislation and standards as well as transparency, with a focus on developing appropriate structures, processes and frameworks. This is widely understood and helps to create a level playing field. But major financial failures over the past two years, such as that of Lehman Brothers, have shown that there are limits to what can be done to tighten checks and balances. A new emphasis on the behavioural aspects of governance is overdue. ...
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