Corporate crime

01:42 01:42 What is 'Total Debt To Total Assets' Total debt to total assets is a leverage ratio that defines the total amount of debt relative to assets. This enables comparisons of leverage to be made across different companies. The higher the ratio, the higher the degree of leverage, and consequently, financial risk. This is a broad ratio that includes long-term and short-term debt (borrowings maturing within one year), as well as all assets – tangible and intangible. Total Debt To…

Different governments across the world enact different acts to different business and investors in order to help them in curbing specific challenges facing various business. The provisions of this acts apply in both public and private companies and overs the major responsibilities that are expected to be carried out in order to ensure this provisions of the act are followed. In the following discussion we are going to look at Sarbanes-Oxley Act which was a United States federal law. Question…

A lawsuit has been filed on behalf of all people who purchased or acquired Pacific Coast Oil Trust (PCOT) securities that became effective on May 2, 2012 and September 19, 2013. It is alleged that PCOT violated federal securities laws in its disclosures. The disclosures issued are believed to misrepresent its business, operations, and prospects. More specifically, it is claimed that the statements are misleading regarding PCOT’s capital expenditures and hedge contracts (Faruqi & Faruqi, LLP).…

needed approvals. To comply with corporation formalities, the board of directors should draft and approve the resolution to dissolve. Shareholders then vote on the director-approved resolution. Both actions should be documented and placed in the corporate record book. While LLCs are not subject…

A. Legal Rules Conflict of Interest A long-time member of the board and the largest donor, John Woods, reached out to the Executive Director of Children’s Assistance Services (CAS) to contact Marvin Jones to start on the repair project. John Woods’ wife’s brother owns 20% of Marvin Jones’ business. Since Woods is a member of the board and holds leverage due to being the largest donor, this situation is deemed as a conflict of interest (Statues p.1019, Article III, Para 2). Moreover, there was…

Corporate misconduct should be preempted and must start from within the individual company’s leadership and trickle down. No matter how much regulation you have in place, if it is the intent of a CEO or other top leader in a given company there is very little regulation will do to prevent misconduct. As the saying goes rules are made to be broken unless from within a company there exists a robust infrastructure of ethical organization that is self-sustaining. In my view there seems to be a sway…

As our economic system takes a tumble and our resources start to slowly dwindle; the Four Horsemen are continuously trampling our society. This documentary shows the way our government acts and the giant mess the world has been put in by discussing the banking crisis, terrorism threat, worldwide poverty issues, and ecological collapse. The first issue this documentary discusses is the banking crisis and why the banks chose to do what they did, why things happened the way they did, and why we…

Paul L. Howes (58) President and Chief Executive Officer Paul Howes started his management career with Flint Ink Corporation, where he worked for 5 years as the Vice President and General Manager of the company’s Packaging division. In 2002, Mr.Howes started Astaris LLC, a chemical company. He sold Astaris three years later, and moved to Newpark in 2006. Mr.Howes immediately took on a leadership role at Newpark, becoming President and CEO, while also joining Newpark’s Board of Directors.…

As Chairman and Chief Executive Officer at Saratoga Investment Corp., a publicly traded business development company, Chris Oberbeck brings over 25 years of experience in leveraged finance, from distressed debt to private equity, to the position. Mr. Oberbeck’s wealth of experience stems from originating, structuring, negotiating, consummating, managing and monitoring investments in a wide variety of middle-market businesses. In addition to his aforementioned roles, Mr. Oberbeck is the…

Neil Barofsky, the soon-to-be-former Special Inspector General of the Troubled Asset Relief Program – the government’s $700 billion fund to bailout the banks – was never well liked at the Treasury Department, even though that is technically where he worked. Timothy Geithner reportedly repeatedly tried to have him fired, or at least have Barofsky’s role downsized. Now it appears the feelings were mutual. Barofsky was confirmed by the Senate back in December 2008 to be one of two watchdogs who…