Corporate Governance HIH; What Went Wrong? During 2000 at the Institute of Actuaries annual seminar on general insurance‚ two senior actuaries‚ Peter McCarthy and Geoff Trahair‚ presented a paper that rang alarm bells for HIH Insurance. Even though HIH was not mentioned in the paper [entitled “Lack of industry profitability and other stories”] the insurance industry was accused of under pricing policies‚ pressuring actuaries to reduce the projected level of outstanding claims liabilities and
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RECONSTRUCTION‚ WHAT WENT WRONG I. Historiography of Reconstruction A. Early Views Journalists‚ Poets‚ & Rebels Negative view of Reconstruction Sidney Andrews‚ The South Since the War (1866) John Dennett‚ The South as It Is. Southern frame of reference Sidney Lanier (poet) Attempt to justify Civil War B. Early Professional Historians John Ford Rhodes Ohio Democrat Not impartial Blamed North for problems of Reconstruction’ Claimed Black Rule
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What went wrong at AIG? Despite US$110 billion in annual sales and assets in excess of US$1 trillion‚ on the 16th of September 2008‚ AIG accepted the Federal Reserve’s US$85 billion rescue package in order to prevent itself from facing a Chapter 11 filing. In exchange‚ AIG had given a 79.9% stake in the company to the government and also the right to suspend dividends previously issued to common stock and preferred equity. In all‚ US$184 billion in shareholder value was wiped out in less than a
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WHAT WENT WRONG WITH SATYAM? PROFESSOR J. P. SHARMA J.P Sharma‚ Professor of Law & Corporate governance‚ Department of Commerce‚ Delhi School of Economics‚ University of Delhi WHAT WENT WRONG WITH SATYAM? INTRODUCTION Till about two decades ago corporate governance was relatively an unknown subject. The subject came into prominence in the late 80’s and early 90’s when the corporate sector in many countries was surrounded with problems of questionable corporate policies or unethical practices
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or strict liability. If you were intentionality trying to hurt someone or you were being reckless‚ you weren’t not making safe and conscious actions that only affect you. There are many different forms of intentional torts that are committed every day and there are consequences for those actions. The main intentional torts that are committed are: battery‚ assault‚ fraud‚ false imprisonment‚ intentional inflection of emotional distress‚ and defamation. Battery and assault seem like very similar
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In the early days of business in America‚ there was only one industry talking about‚ and that was railroads. Cornelius Vanderbilt spearheaded the expansion of railroads into the West‚ but his methods weren’t completely reasonable. While expanding his empire‚ he encountered that his competitors wouldn’t uphold their side of a contract. Instead of bringing the issue to court‚ he decided to settle it personally. He shut down the Albany Bridge‚ the only rail into New York City and which he controlled
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Kmart’s main weakness was that it had an aspiration to be all things to all people its dabblings in drug stores‚ home improvement stores‚ bookstores‚ cafeterias and specialty stores in the 1980s and early 1990s seemed to spread the company very thin. This focus on diversification is just one example of how the retailer has often not made the wisest choices when faced with a tight spot. By the 1980s‚ just before the rise of Wal-Mart‚ Kmart had become complacent. It believed it would be the
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The Vietnam War was one of‚ if not the most controversial wars to date‚ including the wars on terrorism still happening today. There are many views and opinions on what went wrong with the Vietnam War and after reading Where the Domino Fell: America and Vietnam 1945-2010 and “Article 46 & 47” in America Firsthand I will tell you what my views are. The main issues that I see with the war was the lack of the United States government to know the history of Vietnam and learning from the French’s mistakes
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What Went Wrong at Cisco in 2001 http://www.cio.com/article/print/30413 Print Article Close Window From: www.cio.com What Went Wrong at Cisco in 2001 – Scott Berinato‚ CIO August 01‚ 2001 There’s Cisco Before and Cisco After‚ and the two crossed paths‚ awkwardly‚ this past April. Cisco Before was CFO Larry Carter writing in April’s Harvard Business Review about the San Jose‚ Calif.-based company’s "virtual close" software. "We can literally close our books within hours‚" Carter boasted
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A Few Things That Went Wrong in the Patriot Presented to: Barry Reynolds By: Simon Lamy On April 10th 2006 Roland Emmerich’s ’The Patriot’ is a romanced story taking place during the Independence war and depicting the impact of the militia on the United States victory over England; but there are a couple of things wrong with this movie; notably some misconceptions in the main themes and some flagrant historical discrepancies. The theme of patriotism in this movie is spectacularly
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