...AIG was at the center of the financial crisis and probably without AIG the subprime crisis would not be as severe as we seen. AIG was used as an instrument to fuel the housing boom. The AIG executives were running the financial product unit ethically but not efficiently. From the email communication one thing is apparent that the executive were very optimistic and they never priced in the risk effectively. The assumption that there will be no calls from counterparties to execute the credit default swaps related to subprime market were not unethical and may have been completely driven by the amount of revenue generated by the credit default swaps for the financial product division. The situation was unprecedented and except very few no one was able to predict the extent of the mortgage defaults in USA. There was lack of the risk assessment standards within AIG that is apparent from the communications. The person who was running the Financial Product division Cassano did very poor job for adapting to the changing market conditions. Again AIG could have limited the losses by pricing the credit default swaps correctly by integrating in it the changing market conditions. If we look at the conduct when it happened the situation did not seem like violation of ethical conduct. Back than when AIG was making big profits no one realized the post effect of the failure of these complex securities and AIG was one of the preferred investments due to performance of its financial product unit...
Words: 518 - Pages: 3
...Martha Stewart Martha Stewart is an author, editor, and a homemaking advocate. Over the last two decades Stewart has held a prominent position in the American publishing industry. She was the author of several books, hundreds of articles on the domestic arts, editor of a national homekeeping magazine, host for two popular daytime television programs, and commercial spokeswoman for K-Mart (Wikipedia). At the height of her career, Stewart’s success came to an abrupt hault as she encountered many hardships that were responsible for her undesireable reputation and diminished trust in the business world. In December 2001 Stewart held 3,928 shares in ImClone, a New York-based biotech firm. On the morning of December 27, Aliza Waksal, the daughter of the firm's CEO, Sam Waksal, told Douglas Faneuil, the assistant to Stewart’s Merrill Lynch broker, Peter Bacanovic, to sell the ImClone shares in her account. Soon after, Sam Waksal's accountant tried to sell Sam's shares as well. Faneuil told Bacanovic about the Waksals' desire to sell, and Bacanovic quickly called Stewart, leaving a message that ImClone's stock was going to start trading downward. Stewart sold her ImClone shares on the afternoon of the 27th. The following day, December 28th, The Food and Drug Administration reported publicly that ImClone’s promising cancer drug Erbitux was not going to be approved. After the announcement, ImClone’s stock fell sharply and Martha Stewart saved around $45,000 by selling early (Henwood)...
Words: 1445 - Pages: 6
...Dakota Gasworks securities? Second, Did Emerson violate Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5? Third what theory or theories might a court use to hold Wallace liable for insider trading? Finally, under the Sarbanes-Oxley Act of 2002, who would be required to certify the accuracy of financial statements filed with the SEC? Would registration with the SEC be required for Dakota Gasworks securities? Why or why not? Reliant Energy has registered securities and faces a takeover attempt, or third party tender offer, then the SEC’s tender offer rules will apply to the transaction. The filings required by these rules provide information to the public about the person making the tender offer. The company, Dakota Gasworks, is experiencing the takeover so they must file with the SEC its responses to the tender offer. These rules set time limits for the tender offer and provide some protection to shareholders. Did Emerson violate Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5? Why or why not? Moreover, Emerson did violate rule 10b-5 of the Securities exchange act, in where it protects against insider trading; which is the purchase or sale by person with access to information not available to those whom with those they deal or general traders. The person passing the information of the takeover, Emerson, violated this rule by passing information that wasn’t regularly available to general traders. What theory or theories might a court...
Words: 576 - Pages: 3
...Memorandum To: Reader From: Date: July 11, 2014 Re: Violation of SEC Rule 10-b-5 of the Federal statue Summary Aquaman is president of a marine research company called "Underwater Leagues, Inc." On April 1, the research director of Underwater Leagues tells Aquaman that they've come up with "Oxygum," a means of breathing underwater by chewing a special kind of gum. Aquaman knows a great product when he hears it. He delays announcing the invention to the public so that he can buy all the stock he can get his hands on. He buys 50,000 shares of Underwater Leagues, at $10 a share. After the announcement, the share price skyrockets to $50 per share. a) If the shareholders bring a derivative action against Aquaman, what federal law should they accuse Aquaman of having violated (i.e., which federal statute)? b) Did Aquaman actually violate that statute? Explain. c) If Aquaman were found to have violated that statute, what remedy would the shareholders be able to seek (i.e., how much money would Aquaman be liable for. Issue First issue: (1) Pursuant to what federal statute would the shareholders claim Aquaman violated, and was he truly in violation of that statute? Rule Section 10(b) of the Securities Exchange Act, Rule 10b-5, 17 C.F.R. § 240.10b, prohibit any person, directly or indirectly, from committing fraud in connection with the sale or purchase of securities. 17 CFR § 240.10b-5 (2014) is entitled “Employment of Manipulative and Deceptive Practices."...
Words: 1473 - Pages: 6
...CH. 32 1. Know the term fiduciary in the context of agency, and the requirements of a fiduciary relationship. “the fi duciary relation [that] results from the manifestation of consent by one person to another that the other shall act in his [or her] behalf and subject to his [or her] control, and consent by the other so to act.” When used as a noun, it refers to a person having a duty created by his or her undertaking to act primarily for another’s benefi t in matters connected with the undertaking. When used as an adjective, as in the phrase fi duciary relationship, it means that the relationship involves trust and confi dence. 2. Know the criteria used by courts to determine a worker's status as employee or independent contractor. Why does this determination make a difference? How much control does the employer exercise over the details of the work? Is the worker engaged in an occupation or business distinct from that of the employer(If so, this points to independent-contractor,) Is the work usually done under the employer’s direction or by a specialist without supervisionDoes the employer supply the tools at the place of work? (For how long is the person employed? What is the method of payment—by time period or at the completion of the job? What degree of skill is required of the worker? ( 3. Know the 4 ways an agency relationship can be created. An agency relationship can arise in four ways: by agreement of the parties, by ratifi cation, by...
Words: 2988 - Pages: 12
...language. This is the main difference between the two. An executive summary should necessarily have a conclusion. On the other hand a conclusion is not necessary while writing a summary of a play or any scene of a play. An executive summary should ultimately make a business recommendation. No such intention is included in the writing of a summary. An executive summary should contain short and concise paragraphs. On the other hand a summary need not have short and concise paragraphs. On the contrary it can have long paragraphs too. A summary aims at presenting the salient points of any given essay. It is a shorter form of a longer essay. These are the differences between the two terms, namely, a summary and an executive summary. Summary vs Synopsis Writing a summary is a skill that is taught early to students. It is to write a short, condensed version of a...
Words: 4170 - Pages: 17
...Extension and Revision of the von Baeyer System for Naming Polycyclic Compounds (Including Bicyclic Compounds) (IUPAC Recommendations 1999) Synopsis, Preamble, VB-1 to VB-5 Contents of Section Synopsis Preamble VB-1 Definitions and Terminology VB-2 Main Ring VB-3 Naming Hydrocarbon Bicylic Systems VB-4 Numbering of Bicyclic Systems VB-5 Main Bridge References for this Section [pic] Synopsis These recommendations document the von Baeyer system for naming polycyclic ring systems described in Rules A-31, A-32 and B-14 of the Nomenclature of Organic Chemistry, Sections A, B, C, D, E, F and H, 1979 and R-2.4.2 of A Guide to IUPAC Nomenclature of Organic Compounds, 1993 and extend the system to cover more complex cases. It provides guidance on the naming of ring systems which previously the rules did not cover. The method is to identify the main ring and main bridge which provide the basic bicyclic system and to number these atoms. Then all further bridges, whether or not they include additional atoms, are identified by indicating not only the number of atoms but also the two atoms to which the bridge is attached. The final name also indicates the number of rings and the total number of skeletal atoms in the ring system. Heteroatoms, unsaturation and substituents are indicated in the usual way. Preamble This system of naming polycyclic compounds was first developed for bicyclic compounds by von Baeyer (ref 1) and was extended to tricyclic systems by Buchner and Weigand...
Words: 1366 - Pages: 6
...LONG FORMAL REPORTS A typical structure of a long formal report might look like this, but bear in mind that you may modify and adapt the following components to virtually any type or length of report. (A) Preliminaries 1 Title page 2 Letters of authorisation, transmittal and approval (terms of reference) 3 Table of contents 4 List of tables and figures (if appropriate) 5 Foreword/Preface 6 Acknowledgements 7 Synopsis (or abstract) (B) Main report 1 Introduction 2 Findings and discussion 3 Conclusions (C) Supplements 1 References and Bibliography 2 Appendices 3 Index (Key words with page references to where they occur in the text) Preliminaries The Title Page. The title page is the reader's first contact with the report and it is worth taking some trouble over its lay-out. It answers questions in the mind of someone who might be going through a pile of reports looking for a particular one and those questions would probably be: What is it about? (Subject of the report) Who wrote it? (Author(s)) For whom? (Name of person or group for whom it was prepared) From where? (Full postal address of organisation on whose behalf it was written When? (Date, including month, when report was completed) The title should be centred in the middle of the page Letters of authorisation, transmittal and approval. These are normally only required for a very formal report being presented to or written within...
Words: 1089 - Pages: 5
...University of Phoenix Material Muddiest Points Reflection Log Week 5 Each week you will be asked to view, listen or read an article related to your course. This topic is rich and requires additional inspection. Use this material to dwelve deeper into the concepts that may have been confusing or “muddy”, and share. This exercise in totality will take 2-3 hours to complete, including review of the video/audio, synopsis and completion of the form. | | | |Name of Audio or Video |Basic Counseling Techniques | | |https://www.youtube.com/watch?v=MKut-MpT_mg | | | | | | | |List the concepts discussed within |Learning some basic skills of counseling techniques which some skills would include the | |podcast/video/audio |patterns of sessions, active listening, body language, tone, open ended and closed | | ...
Words: 404 - Pages: 2
...Students are allocated to the Faculty Engaged in teaching MBA ▪ Student list • Interactive lecture to all students of IV Sem on Steps for Dissertation (Seminar hall): To be announced later Date deadlines for Students |S.N |Particulars |Dates | |1 |Dissertation Topic |10th December, 2012 | |2 |Synopsis (Proposal including chapters outline) |20th December, 2012 | |3 |Research Methodology |10th January, 2013 | |4 |Data Collection & Literature review |20th January, 2013 | |5 |Data Analysis |5th February, 2013 | |6 |Result & Discussion |20th February, 2013 | |7 |Submission of draft Report |25th February, 2013 | |8 |Revision & modification in draft report | 2nd March, 2013 | |9 |Submission...
Words: 709 - Pages: 3
...Background This database is for Wilmington library which has about 42,000 users, and has about 130000 books; this library is operated 24 hours a day with several librarians working in different shifts, the library also has popularity among all sectors of population Purpose: The purpose of this project is to update the existing library system to a fully automated search system enabled library, thereby making the library functionality fast and easy, this database will also support users to gather their required information without depending on any one, the library usage data will also act as a great resource to develop efficient strategies for further development of the library. Business goals and rules: The requirement of this project is to create a database to a library, and enable automated searching system, where a user can easily find the location of a particular book based on the author, publisher or book type etc. Every user in the library can access the location and availability of a book through his \her account, the administrator of the library has access to his and all the user accounts, and can track the details of books, the administrator must also get notifications of users who fails to return a book back in time, every user must get a reminder notification about the due date of a book return User Requirements: Every user who is supposed to have access to this library must have unique user id and password; user must be capable of reading and understanding...
Words: 2249 - Pages: 9
...Case Synopsis 1: Robin Hood Robin Hood and his merry men are now in trouble because wealthy travelers (their source of revenue) are avoiding the forest. As is often common in an entrepreneurial organization, the Merry Men were highly motivated by Robin Hood’s leadership. Therefore, Robin had previously relied on informal communication to organize and implement operations. Robin is pleased with the growing size and influence of his organization. However, growth has meant that specialized duties have begun taking up most of the men’s time, leaving a command vacuum between Robin and the first line recruits. In addition, they are now all located in a large encampment that can be seen for miles. This creates the probability of a surprise attack on their position. Growth has also put great pressures on resources, so now they must harvest the forest more thoroughly. Rich travelers are avoiding the forest, so in desperation Robin is considering robbing the poorer travelers, which means his lieutenants must now tell their men to rob their brothers and fathers. What started as a rebellion has been routinized into banditry. Robin must therefore begin to question the Merry Men’s mission. Should it still be an extension of his private grudges and aspirations? Has the organization acquired a new mission, if so what is it? On whose behalf should the organization formulate its mission! Summary of Discussion Questions 1. What is strategy? 2. What strategic problems does Robin...
Words: 520 - Pages: 3
...ACADEMIC GUIDELINES www.ibs.utm.my ACADEMIC GUIDELINES CONTENTS ITEM PAGE Overview / Background of UTM 4 Philosophy of UTM 4 Vision of UTM 4 Mission of UTM 4 Motto of UTM 4 International Business School (IBS) In Brief 5 Vision of UTM IBS 5 Mission of UTM IBS 5 Core Values 5 Client Charter 6 UTM IBS Organization Chart 7 Postgraduate Administrator 8 Graduate Faculty 9 Enrolment and Duration Of Studies 13 Change of Program Of Study, Type of Registration, And Mode of Study 13 Withdrawal (TD) of a Course 14 Attendance 14 Academic Load 14 Credit Exemption and Transfer 15 Grading System 16 Academic Standing 17 Deferment, Suspension and Termination 18 2 ACADEMIC GUIDELINES ACADEMIC PROGRAMMES MASTER OF BUSINESS ADMINISTRATION (MBA) 20 21 Introduction MBA Course Structure Programme Specifications and Learning Outcomes 23 Course Synopsis 26 21 DOCTOR OF BUSINESS ADMINISTRATION (DBA) Programme Specifications and Learning Outcomes DBA Course Structure 38 41 OTHER INFORMATION REFERENCES UTM IBS Postgraduate Student Society (PGSS) 42 43 3 ACADEMIC GUIDELINES OVERVIEW / BACKGROUND OF UTM The main campus of Universiti Teknologi Malaysia (UTM) is located in a strategic area of 1,177 hectares in the Iskandar Development Region, Johor.UTM has another campus known as the UTM Kuala Lumpur, Jalan Semarak with an area of 18 hectares. The history of UTM began in 1904 as a Treacher Techical School and was later...
Words: 8304 - Pages: 34
...MGT 3319 CASE INSTRUCTIONS - 2014 Use the format for all cases that follows these instructions is used. Use MLA or APA to format citations and references. 1. For the cover page, provide the case name, name of student and date submitted. If it is a team case, provide the team number and names of each team member. 2. Each case will provide a. A synopsis of the case, b. Statement of the problem, c. Provide alternatives with analysis of each alternative to solve the problem using concepts studied and d. Reach a decision or conclusion that solves the problem and recognizes further consideration. Conclusions are based on evidence provided in the analysis of alternatives. 3. A minimum of two scholarly references will be used. Keep in mind this is a minimum requirement. Websites are NOT considered scholarly references. Wikipedia will not be used as a reference. Use the reference librarian for assistance. 4. Cases are turned in on Blackboard on the date noted. Cases turned in late are subject to point’s reduction. 5. The last page of the case will be the team evaluation. 6. If selected, teams will present their cases in class using good presentation skills, e.g., not reading the information. The team presentation can influence the points awarded. After the last page of this case are presentation guidelines. 7. These instructions also apply to the final case. If the case is done as a team, attach to the case the “Team Evaluation...
Words: 2805 - Pages: 12
...Term-paper Synopsis Registration Number: 11114018 Names(s) of Student: Mukesh kumar Roll no. RD1105A41 Term Paper on WHY WE USE POINTERS ? ADVANTAGES AND DISADVANTAGE OF USING POINTER S AND ITS aPPLICATION | | | | | | | | | | | Estimated duration: 1 week Nature of Paper : TECHNICAL Paper Description: In this topic we discuss all about Pointer With their Uses related to program,advantage,disadvantage,and it’s application. Here we discuss some reasons why we use Pointer:- What is a pointer? Pointer is nothing , it is just a variable which hold the Address of another variable. For example, consider the variable declaration: int *ptr; ptr is the name of our variable. The '*' informs the compiler that we want a pointer variable. The int says that we intend to use our pointer variable to store the address of an integer . Such a pointer is said to "point to" an integer. Why Have Pointers? Pointers solve two common software problems. First, pointers allow different sections of code to share information...
Words: 560 - Pages: 3
