Bankruptcy

Head lining enterprises and their government often have the authority and the overall power to approve or disapprove of decisions that (in the long run) will obviously affect the public’s well-being, therefore, they practice the art of ethical decision-making. Ethical issues always have a way of showing up in situations where multiple stakeholders, interests and values fuse and rules are ambiguous or terribly enforced. These decisions being made by people we can hardly trust have the potential…

that he does not give up when “SpaceX and Tesla are both running out of cash” he thought of a plan to save bankruptcy was to “win NASA contrast for 12 flights for $1.6 billion” for his rockets to launch in space (Dodds). This demonstrates Elon Musk is trying to succeed to launch the rockets into space, but did not have the cash to do it, instead he came up with a plan to save the bankruptcy. This show Elon Musk is a true hero because he thought of a plan to save the company instead of trying to…

The Stock Market crash of 2008 On September 29, 2008 the (Dow Jones Industrial Average) Dow dropped 778 points which is the largest single day point loss in history. This point loss was because the Senate voted against the bailout bill. In this essay I will explain to you the events that lead to this economic collapse. In 2007 the over-heated housing market started to slow down. Despite this slow down the market rose steadily throughout the year, which is surprising since there were signals…

years ago, BAWAG suffered a huge amount of losses owing to having used unreasonable investment tactics in off-balance-sheet medium. It also lent the hundreds of millions to the former chief executive of Refco, Phillip Bennett, who was involved in bankruptcy. The Austrian bank BAWAG used the US broker Refco Inc. and its’ offshore companies and accounts…

When one thinks of Detroit or Michigan in general, they automatically think of the musicians and sports teams that came from there; Madonna, Eminem, Kid Rock, The Tigers, The Lions, and The Red Wings. One assumes when someone talks about Detroit that they live there and give the person the utmost respect despite only visiting or living outside of the city. What caused Detroit's descent from a wealthy, vital city into one where "ruins" are common and the city is bankrupt? The lack of care and…

Officer (CEO) Mr. Sergio Marchionne is changing the atmosphere of the company. No longer will the company be identified with huge discounts and methods which assisted the company into bankruptcy. He is reorganizing the culture of the company. The past practice working environment that caused the company to go into bankruptcy is being replace with new ideas. Mr. Marchionne has removed several veteran executives to reduce the administration and induce fear into other executives. Mr. Marchionne…

implies. Still another voice eludes to the fact that the billing practices are establish by the organizations not the doctors. Although I am in support of the arguments against overbilling and up charging that has put so many individuals into bankruptcy, 62% according to Brill. I still have to take into consideration both…

General Motors (GM) operates in a customer-centric atmosphere. Since GM’s bankruptcy and recall efforts, the company has been very sensitive about their customer base. GM indicates that they “are passionate about earning customers for life” (GM, 2015). In addition, GM suggests there team shares the same enthusiasm for “customers and a competitive spirit that drives us to excellence” (GM, 2015). According to GM (2015), this means that we are committed to delivering vehicles with compelling…

Do you own a liquor store in the Chicago area, or are planning to own one? Are you aware of the process and the importance of getting insurance for your business? This article will help guide you through the process of getting liquor store insurance. Getting liquor stores insurance quotes can be a bit more difficult because there are not as many companies that offer this type of insurance, as opposed to auto and home insurance. The best place to start is online. A quick search should get you a…

he single most compelling issue facing Puerto Rico in this time of unfolding and incipient economic crisis are those related to its work-force. It is multifaceted, but the unitary element is the underutilization of that aspect of the island’s society. Indeed, any economic situation is comprised of a multitude of factors; this is especially true of a society that is a part of a larger nation and yet separate and distinct. For further illustration, consider that Puerto Rico is a…