227). Hudson argues that the pluralist theory is wrong and that pluralist group theorists would make people believe, the groups’ representativeness instead, it is the extent to which they represent one societal interest: business (Hudson,2013 pg. 227). There are many interest groups but the majority of them are participating in lobbying for business. An example of this would be ,200 largest American corporations have worked effectively to promote the business-friendly policies of tax cuts, reduced business regulations, globalization and put to barriers to the union Hudson,2013 pg.
1. How did pressures for financial performance contribute to Sunbeam’s culture, where quarterly sales were manipulated to influence investors? To what extent do you believe the Andersen auditors should have considered the resulting culture in planning and executing its audit? Before Chainsaw Al was brought in as CEO at Sunbeam, Sunbeam had already experienced financial distress.
The responsibility is to maximize profits for their company 's shareholders. Corporate directors also owe stakeholders a duty of care that is to say, a duty to make informed decisions for the benefit of the stakeholders. During the recent financial crisis, there was so much risk taken by greedy managers that when stakeholders lost money and it was revealed Directors were getting rich by the decisions then in response legislation had to address the need for increased risk assessment in our financial institutions, requiring increased disclosure to ensure that Directors would act morally, ethically and
The issue is brought to attention a lot by protestors who want the government to give jobs to U.S. citizens rather than handing them off to foreign countries for a cheaper price. The American public doesn’t take into account that the relations we build with the trade consumers of the U.S. can have a dynamic effect when it comes to future endeavors. One of the most crucial assignments our president has as a world leader is crisis management. Foreign aid is one crisis that has been one of the biggest problems associated with the downfall of the American economy.
Impact Assessment: Public Perception Public perception is very important for any business either make or break it. As in this situation, the negative public perception may affect Greene’s jewelry reputation. Moreover, a good reputation is the key to the profit of a business. Businesses pay millions of dollars for advertising to pump up their business.
The key issues in this case include the recapitalization effects to the rest of the company. The immediate benefits include the value of te tax shield and in turn will have effects on he share price at Wrigley. Taking on $3 billion of long-term debt will also affect the WACC due to the increased risks of Wrigley as the company went from having $0 long-term debt to $3 billion. In addition, the recapitalization and re-purchase of shares will decrease or contract the number of shareholders, which could possible affect the Wrigley Family’s voting ability
TripAdvisor’s strengths have brought many opportunities to the table for the company including growth in demand as well as growth in equity and an expanded target market via mergers. Although, inability to verify negative reviews properly created a situation where many of hotels would like to try an alternative system. Thus, the company needs to look into the ways to address concerns of the hotels because they are responsible for the success of TripAdvisor. The number of threats for the company clearly indicates the reason why the company’s revenue has been falling in the recent past.
ERF will create a selling opportunity until its third quarter results. Following these results, I believe its stock will again come under pressure based on the company’s poor results, along with its bleak future fundamentals. Enerplus has no answer to this situation except to maintain its financial strength while focusing on productivity improvements and cost control measures. Additionally, it is investing only in those projects where the expected returns justify the investment, and all this in a highly volatile market. The company’s strategy of investing in four key assets – consisting of North Dakota, Bakken, Three Forks, and Marcellus – has been fueling its production levels.
Withdraw from the financial service industry and focus on technology based industries. 4.3. Recommendations: From our previous TOWS matrix analysis of GE we may recommend the following two future strategic options: First, 2. Jeff Immelt’s Management Approach and Today’s VUCA:
Having different accounting standards in the world is a problem for multinational public limited companies and investors in order to be able to compare and evaluate financial statements (Doupnik & Perera, 2009). Due to the economic and financial scandals and meltdown in recent years, the pressure has been increased on some countries such as United States. Therefore, it must eliminate the gap between the International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). The world of accounting diversity will have consequences on such changes, and the standard convergence of US GAAP with International Financial Reporting Standards also largely affect corporate management, investment, stock market, accounting personnel and accounting standard setters. In addition, the convergence of accounting standards will change the approach for international accounting harmonization to CPA and CFO, it affects the quality of international accounting quality standards and the effort made toward GAAP and IFRS convergence
In 2010, the buying power of block grant has alarmed proponents serious enough to address the issue during the TANF debate. States argue that Congress initially urged them to build TANF surpluses during prosperous times. It has been noted that in real terms, the annual grant is declining and the system does not adjust automatically when the economy sours and caseloads rise. Furthermore, there was also a conflict of formula allocating the block grants among states.
One trend can be looked to in order to explain this. Over the past forty or so years, there has been a significant rise in the number of conservative Republican lawmakers. When considering this in the context of party polarization, conservative Republicans are consequently the biggest reason behind it, per Nolan McCarty of the Washington