CONFLICT ON A TRADING FLOOR (A) CASE SUMMARY Brief background and context: Junior salesperson ("Seth"), an assistant on the non-dollar derivative desk of FirstAmerica (“FA”), finds himself in a difficult situation and has to decide what course of action to take as relates to going along with misrepresenting material facts to a key client, Poseidon, in conjunction with their hedging of French Franks relating to the $700 million equivalent cost of the five year construction of a new cruise
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MAKING TALENT A STRATEGIC PRIORITY Executive Resume: Today one of the big issues in many organizations is the human management in between the unit’s organizations. Companies in today economic are worried about financial profits and cutting back additional funds to their business run in a profitability environment. Many businesses tend to think that the soul of the business is the sales and profit margins and definitely leaving issues such as
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Presentation 1: Conflict on a trading floor And before a blind person you shall not put a stumbling block Leviticus, 19. CASE (FIELD) Conflict on a Trading Floor (A) by Joseph L. Badaracco Jr., Jerry Useem Source: HBS Premier Case Collection 5 pages. Publication date: Oct 20, 1993. Prod. #: 394060-PDF-ENG A junior salesperson on FirstAmerica Bank's trading floor is assisting a top salesperson, Linda, on a deal to finance the construction of a new cruise ship for Poseidon Cruise
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ICMR Case Collection C op y ICFAI Center for Management Research ot Governance Issues at the New York Stock Exchange N BECG 035 D o This case was written by K. Subhadra, under the direction of Sanjib Dutta, ICFAI Center for Management Research (ICMR). It was compiled from published sources, and is intended to be used as a basis for class discussion rather than to illustrate either effective or in effective handling of a management situation. 2004 ICFAI Center
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opportunity in Singapore, he was hired as the general manager of the trading floor and also was the person responsible for the settlement which means that he was making the trading transactions and at the same time recording and reporting them into the accounting system. It is a big problem because the positions assumed by Nick are related to generating revenue and doing the record keeping which are 2 areas that can create a conflict of interest, in retrospect those functions should have been held by
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enterprises are also providing as well as finding business through and to FB respectively. Facebook going Public Knowing that its size it would be difficult to keep its financing private, FB went on to become public on May 18th, 2012 starting off with a floor price of $38. It was the most closely watched IPO after Google’s. Valued at $104 bn, it was comparable to Pespsi at $106 bn and was equal to the combined worth of Goldman Sachs and Nike. Zuckeberg’s in his letter at the time of IPO stated that one
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Barings bank, was founded in London, UK, in 1763 as a merchant bank. During 80’s it started to have big international success. And in 1995 it collapsed because of general manager in charge of setting up the trading operations in Singapore (Mr. Leeson). The whole story started when Mr. Leeson found out that there was an error, when one of his phone clerks sold the contracts rather than bought them. That day the loss was calculated to be 20,000 Pounds. The only thing he could do was to close the
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Chapter 8: Institutions and Procedures in Secondary Markets A. Exchanges and Floor Markets The Securities and Exchange Act of 1934 defined an exchange to be: any organization, association, or group of persons, whether incorporated or unincorporated, which constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange as that term
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let share holders invest in business ventures and get a share of their profits or losses.In 1602, the Dutch East Indian Company issued the first shares on the Amsterdam Stock Exchange.It was the first company to issue Stocks and bonds.In 1688, the trading of stocks began on a stock exchange in London. It was the first stock exchange in history. A stock exchange is a form of exchange which provides services for stock brokers and traders to buy or sell stocks, bonds, and other securities.Stock exchanges
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the authors claim that Enron used theatre to influence how decision makers accurately or inaccurately interpreted the information presented. As part of this "anything goes culture" between 1998 and 2001 Enron set up a fake Hollywood type trading floor on the 6th floor of Enron corporate headquarters using simulated statistics and their employees pretending to be "energy service traders to influence investors, regulators and employees (Boje, 2004). Although it maximized shareholder equity one would consider
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