Eckerd Corporation

Abstract We compare general corporate governance principles, guidelines and existing legislation relative to business, specifically in the financial industry, with Mr. Warren Buffett's corporate governance principles and applications in his company, Berkshire Hathaway. Then we consider best practices about leadership succession and compare them with the approach at Berkshire Hathaway. Business succession of Mr. Buffett being an important issue to which a clear path has not been presented…

The term “irresponsible management” is complex to explain. A simpler way is to consider what a manager should do that is “responsible management” which can be defined as business decisions being made with taking into the interests of shareholders as well as stakeholders with the intention to balance the wellbeing of the entire world (environment, people, businesses) (Armstrong, 1977). Therefore, irresponsible management is about business decision making that involves a gain by shareholders at…

Dorman v. International Harvester Co. Court of Appeal of California 1975 Summary: In 1975 William Dorman (plaintiff) purchased a tractor from International Harvester Company (defendant) that required Dorman to sign a “Retail Installment Conditional Sales Contract.” That contract encompassed two key aspects of the sale, the first being a disclaimer of the implied warranties of merchantability while the second was a fitness for particular purpose. The conflict lies in the placement of the…

Is “societas Europaea” a successful organizational model? What might be its future developments, also in the light of EU members states corporate Laws? 1. Background and Introduction of the “societas Europaea” Societas Europaea, European Company, from Latim is an organizational model, created by the European Union to harmonize corporate law within the European Market, on purpose of establishing a unique international statute, instead national laws from the states members of the EU. The…

Best Accountants in London Accounting and bookkeeping services are incredibly very important to any business regardless of its size or its type. The simple truth is that nobody loves to spend unnecessarily and at the same time we all prefer to keep a merchant account of all funds that people are shelling out for different needs and requisites. This is really same for businesses too since it is vital to control the money that are going out and to arrive as well as determine the revenue of the…

A public nuisance meddles with the general population as a class, not just one individual or a gathering of residents. No common cure exists for a private native hurt by an open annoyance, regardless of the fact that his or her mischief was more prominent than the damage endured by others; a criminal charge is the elite cure. Case Example: Tate & Lyle v Greater London Council [1983] 2 AC 509 Tate & Lyle operated a sugar refinery on the bank of the river Thames. They had a jetty from which raw…

Assessing how the contemporary government initiatives on training and development have contributed the human resource development in UK. The contemporary government initiatives were arrangement as a unique of its thoughtful. The public and private corporation company are with the most important obligation of catalysing the skills landscape in UK. For example, HSBC is a private sector which has an exclusive model fashioned with a fit assumed from side to side fundamental viewpoint founded on the…

Alternatives One option in pursuing their long term partnership is to form a non-equity alliance. This is a horizontal alliance that is strategic, limited in scope and basically an agreement for both companies to share their resources while remaining independent organizations. Leica and Huawei are complementary to each other’s products but operate in the same industry. Therefore, it would be beneficial and easier if they were to operate as separate organizations rather than going through the…

Berjaya Sports Toto is an investment holding company that operates gaming and lottery business. Berjaya Sports Toto Berhad was incorporated in 1969 and is based in Kuala Lumpur, Malaysia. It is a subsidiary of Berjaya Land Berhad. Magnum Berhad is the holding company for the Magnum Group of Companies which was incorporated on 18 August 1975. Magnum Berhad was the first private company to be granted a license to promote, operate and manage 4-digit numbers forecast betting in Malaysia. Both…

In Mr Goh Chok Tong’s 1996 National Day Rally speech, he mentioned the importance of Singapore becoming a gracious society. Thus, the Singapore Kindness Movement (SKM), a non-profit and non-governmental organization, was set up to encourage graciousness amongst Singaporeans. It aims to spread awareness, influence people to spread kindness, and instill a sense of responsibility in themselves. (SKM, About) has also commissioned a survey called Social Graciousness Index (SGI) to measure…