Corporate law

posting profits on potential instead of actual gains and used Arthur Andersen accounting firm to cover any losses through the misuse of special purpose entities (SPEs). Arthur Andersen, was old and well-respected; no one believed it would be party to corporate fraud, making Enron seem squeaky-clean. Retrieved on 23 October 2017 from http://www.mademan.com/mm/enron-scandal-summary.html (Links to an external site.). This scheme was working until Enron decided to falsely create energy demand…

Stocks are pieces of a company that investors, called shareholders, buy that represent ownership on a small percentage of the corporation's earnings and assets. The percentage that a shareholder owns of a company is proportional to the amount of stocks they've bought and the total amount of stocks a corporation owns. Stocks are purchased and sold at stock markets all around the world. A stock market is where investors can buy, sell, and trade stocks. The largest in the world is the New York…

Within the business world there have been talks on the amount of money CEO’s have been making. Due to this fact the say on pay or advisory (non-binding) voting has been granted in some countries such as the United States and United Kingdom to vote on director and executive compensation. Within the paper three points will be addressed: What is advisory (non-binding) voting or say on pay, what are the positive and negative effects advisory (non-binding) voting or say on pay has on executive…

An Individual Retirement Account or IRA is a "must have" for a comfortable retirement. The good thing about this savings account is that you can select from the variety of IRAs available, wherein each has different benefits and tax structures. Many investors believe that the most efficient retirement vehicle is a self directed Roth IRA. The most distinct characteristic of Roth retirement accounts is that the funds you will contribute can be distributed when you reach your retirement age…

Recommendation Policy makers are actually making a trade-off on the way to create and expand a GSE. This off-budget vehicle that funnels government subsidiaries to favorable motive was, in turn, bringing risks for the government. Effective accountability and supervision are a must-have to limit the risks. Stanton (2007) had few view points on the matter of accountability. The author believes that effective operations and balance between flexibility and accountability are vital. Failure…

NBA team owner and a humanitarian as well as a businessman. Mr. Levenson was born in Washington, D.C. and raised in Maryland. He went to college in St. Louis at Washington University followed by American University for law school. He worked for the Washington star while he took law courses at night. He is one of the founders of the UCG that is United Communications Group. He and Ed Peskowitz formed this company in 1977. UCG is a business info company that focuses on information. They compile…

5.1 Board of Directors - Names and Qualifications The board of directors will bear the ultimate authority and accountability for every decision upheld by the company (Snyder, 2016). Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as by making sure the company has adequate resources to advance its mission. More so, it will set policies for the company and goals for…

The studio system is the organization of power in the studio companies. Prior to 1931, there was a central producer who overall controlled things. He would have associate supervisors to handle the day to day operations of film production. In 1931, the studio system of central producers saw its retirement and a new system was adopted. This system was called the producer-unit system. This system was structured to have a general manager, executive manager, production manager, studio manager,…

On Monday, January 23rd, I was fortunate enough to listen to Vern Dosch, President and Chief Executive Officer of National Information Solutions Cooperative (NISC). Mr. Dosch is a life long resident of Bismarck-Mandan, where he lives with his wife, Lynne. Vern and Lynne are married with 3 children, and 5 grandchildren. Vern Dosch has a Bachelor of Science degree, along with a Masters of Management degree from the University of Mary. As CEO, Vern believes if you “do the right thing always” your…

In the article “Stop Coddling the Super-Rich” Warren Buffet elucidates to the fact that the super-rich are not being taxed nearly enough as they need or should be. Buffet explains that government leaders have requested, even solicited shared sacrifice; however, they spared the mega rich. (227) He further states that the legislature sheltered the rich as if they are some kind of endangered species. (227) Warren indicates that he would leave rates for 99.7% of taxpayers unchanged, as well as…