International Financial Economics: Case 1 Case 1: NEC Electronics Faas Gelens 10034714 Tanguy Wagenaar 10243690 Tom Hayje 10025332 Guoxiao Xia 10825746 Daan Sliepenbeek 10834990 1 Corporate Strategy and Business Development Question 1A Characteristics Kereitsu Definition Kereitsu: set of companies with interlocking business relationships and shareholdings. Two kinds of Keiretsus Horizontal: Vertical: - Set up around a Japanese bank - Group of companies within horizontal Keirersu - Company
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By 2008‚ Bernie Madoff had grown Bernard L. Madoff Investment Securities to 200 employees and commanded tremendous respect on Wall Street (Gregoriou & Lhabitant‚ 2009‚ p. 90). His lines of business included market making‚ proprietary trading‚ and investment advisory services. Madoff used the investment advisory services sector to perpetrate his Ponzi scheme. More than $750 million dollars of stolen funds were transferred to the market making and proprietary trading operations‚ keeping those portions
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(2008): 69-72. Academic Search Premier. Web. 6 Apr. 2012. Handley‚ J. "Prevention of Plastic and Cheque Fraud Revisited ." National Criminal Justice Reference Service (1998): n. pag. NCJRS Abstract. Web. 18 Apr. 2012. Lewis‚ Lionel. "How Madoff Did It: Victims ’ Accounts." Society 48.1 (2011): 70-76. Academic Search Premier. Web. 17 Apr. 2012. Powell‚ Bill. "Olympus Scandal: A Confession‚ but Still No Answers." Time. Time‚ 09 Nov. 2011. Web. 17 Apr. 2012. <http://www.time.com/time/world/article/0
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The Ponzi scheme Bernard L. Madoff entered a federal courtroom back in March of 2009 to admit that he had run a vast Ponzi scheme that robbed thousands of investors of their life savings. A Ponzi scheme is when potential investors are wooed with promises of usually large returns‚ usually attributed to the investment manager’s savvy skill‚ or some other “secret sauce”. Returns are repaid‚ at least for a time‚ out of the new investors principal‚ not from profits. This can continue as long as new
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Bernie Madoff‚ former chairman of the NASDAQ Stock Exchange ran one of the biggest Ponzi schemes in U.S. history (Stanwick & Stanwick‚ 2015). Madoff took money from many people and organizations who invested in his fake company promising them above average returns for their investment. Using a small staff along with a couple of family members Bernie Madoff was able to scheme millions of dollars from over 13‚000 people all over the world only to benefit from the scheme leaving others penniless and
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one interesting point you have found. Research into Scandals Choose one of the following corporate scandals. I have given one link to an overview article for each example. You are also required carry out your own research. • Bernard L. Madoff Investment Securities LLC: http://www.nytimes.com/2009/01/25/business/25bernie.html • Fortex Limited http://www.knowledge-basket.co.nz.ezproxy.auckland.ac.nz/search/doc_view.php?d1=ffx95-03/text/1996/03/03/doc03443.html (This article‚ “Model
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depending on the crime like the auditor in the Bernard Madoff case. When Bernard Madoff filed false reports and made misleading statements‚ his accountant David Friehling backed him 100%. This went on for roughly 17 years and $65 billion in stolen funds. It is during that time the Madoff ’s Ponzi scheme went unnoticed affecting the lives of many swindled investors. Mr. Madoff’s financier and longtime CPA Mr. Friehling routinely rubber-stamped Mr. Madoff ’s cooked books while reaping millions from their
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An Integrated Distance Learning System Capable of Supporting Interactions for Asynchronous Distance Learning Shimon Sakai‚ Tsunenobu Narahara‚ Naoaki Mashita‚ Hiroshi Shigeno‚ Ken-ichi Okada School of Science for OPEN and Environmental Systems‚ Graduate School of Science and Technology‚ Keio University 3-14-1 Hiyoshi‚ Kohoku-ku‚ Yokohama‚ 223-8522 Japan shimon@mos.ics.keio.ac.jp Yutaka Matsushita Telecommunications Advancement Organization of Japan Banzai-Biru‚ 2-31-19‚ Shiba‚ Kohoku-ku‚
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|Opdrachtnummer: |Opdracht 1.2.1. | |(3 cijfers‚ zijnde blok‚ taak en opdracht) | | |Opdrachtnaam (indien van toepassing) |De Wit&Meyer | |Datum van inzending
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Index Index 1 1. Corporate story 2 2. Analysis from the reputation perspective 2 1. Corporate story L’Oréal develops and manufactures haircare‚ haircolor‚ skincare‚ color cosmetics and fragrances for the consumer and professional markets. Established in 1909 by visionary scientist‚ Eugene Schueller‚ L’Oréal is committed to: progressive research and development‚ state-of-the-art manufacturing‚ quality products‚ and making beauty accessible to everyone around the world.
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