Wachovia

Company Overview: Bayou Group LLC The Bayou Group LLC (Bayou Group) was founded by Samuel Israel III along with two co-founders, James Marquez and Daniel Marino in 1996. It attracted many investors as there is high expectation on it produces high returns. Bayou was a service company that does trading and investing client’s fund to produce return. It raised an initial fund cost $300 million Israel and Marino made promise that the value of fund would be increase to $7.1 billion in ten years.…

Vitalizing the Town of Wingate Wingate is a small railroad town in North Carolina with a population of around 4,000 people. The people here are held together mainly by the social fabric of Wingate’s University, a college lodged directly in the town’s center. Instead of having a lively downtown area for the college’s students to roam and hang out, there is an only a large highway, highway 74, that runs right through the middle of campus. Bringing in commuters from small towns along the…

As the population of North America soars, the ratio of jobs does not increase at the same proportionality due to a discrepancy. Companies all around North America are responsible because they have begun outsourcing jobs to foreign countries. The shift of careers from North America to countries such as India, China, Pakistan, etc. is effecting a wide range of careers, ranging from laborers to engineers. The reason behind this discrepancy is job displacement, mix of U.S. occupations and wage…

The motivating factor behind this fraud was the business tactic of WorldCom's CEO, Bernie Ebbers. During1990s, Ebbers was only focused on achieving an extraordinary growth through acquisitions. By using the stock of WorldCom he was going to pay for the acquisitions. To achieve this buying extravaganza, the stock had to repeatedly increase in value. In 1998, WorldCom acquired MCI Communications, a company which was more than 2.5 times the profits of WorldCom. Ebbers' acquisition strategy mainly…

The Shenanigans Wall Street Played I worked as a home loan originator in 2006, through 2007. As a result, I experienced several situations similar to scenes featured in the movie The Big Short, based on the book by Michael Lewis. For example, when the credit market dramatically changed in 2007, I knew the credit market was going to burst. In fact, in 2006, I easily generated over 125,000 dollars in a combination of company fees, origination fees, and yield spread premium. In 2007, the financial…

If you ran a lemonade stand in the desert and one day a bus broke down in front of it, and you were the only place to get a drink for miles, it would quickly be called the Lemonade Bubble. As the amount of lemonade available dwindled for the thirsty customers waiting in line, some people would quickly began offering more money for the same glass. The seller would quickly raise the price and as soon as a replacement bus arrived the bubble would burst. If everyone on the bus only had five dollars…

Are we winning the War on Drugs? Most opinions are split 50/50 on this question. One thing is for certain, Mexico is the biggest exporter of drugs into the United States. This epidemic has created wide-spread problems for both countries; the Mexican drug cartel has crippled their country with violence and political corruption and it has affected the United States in a social-economic way. First, let me give some reasons and history around the U.S./Mexican “Drug War”. The two major…

Olds, who founded Olds Motor Vehicle Company in 1897 (later, as Oldsmobile, to become a part of General Motors). Having left his company years before it was acquired by GM, in 1905 Olds established a new company, REO Motor Car Company, the predecessor to Nucor, in Lansing, Michigan. Though Olds' cars, including the luxurious REO Flying Cloud, were popular, they were not profitable, and the company's more successful truck business (featuring the famous REO Speed Wagon) was still not sufficiently…

Each person has a vested interest in the bank and wants to make a profit. Banks need to meet their customer needs, as from the deposits that customers make allow for loans to be funded, and that is how a bank can grow for the future. As a shareholder, it is vital for the person to make a profit. For example, the vendor that installs the check imaging system for the ATM wants the product and service to be successful because if not, it affects the vendors’ reputation. Employees want to work for a…

To create and sustain long-term profitability within this industry, heavy-truck maker Paccar chose to focus on one customer group where competitive forces are weakest: individual drivers who own their trucks and contract directly with suppliers. These operators have limited clout as buyers and are less price sensitive because of their emotional ties to and economic dependence on their own trucks. For these customers, Paccar has developed such features as luxurious sleeper cabins, plush…