BAE SYSTEMS PLC Raghav Pandey 070026065 Word Count: 5‚483 ACC4053 | Financial Analysis CONTENTS 1. Introduction 2. Valuation of the Company 2.1 An evaluation of BAE Systems’ current position and its future prospects 2.2 Assessment of the value of BAE Systems based on the application of suitable cash flow based valuation techniques 2.3 Assessment of the value of BAE Systems based on the application of suitable accounting based valuation techniques 3. Comparison of the valuation with
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BAE systems Plc BAE systems is the world’s largest multinational defense‚ aerospace and security company functioning worldwide with its headquarters in London‚ UK. According to 2012 revenues it is regarded as the world’s second largest defense contractor (sedhgi‚ 2012). BAE Systems Plc was founded in the year 1999 through a £7.7 billion merger of the two companies which were: British Aerospace (BAe) which was primarily an aircraft‚ naval systems and munitions manufacturer and Marconi Electronics
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Case Analysis: The Bribery Scandal at Siemens AG The Siemens bribery scandal brought to light a strategic dilemma facing multi-national firms attempting to gain a competitive edge by operating abroad; specifically‚ how can they balance adherence to their own ethical and legal standards with the customs required to do business efficiently‚ or perhaps at all‚ in foreign markets? Germany’s Co-Determination law has since drawn intense criticism as hampering competitiveness and creating untenable
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countries. These bribes were used in order to win contracts and make money. Even after proper laws were put in place‚ Siemens still found a way to ride the system. It was not until 2006 that everything was starting to unravel and Siemens had the rug pulled out from under their feet. The high level of corruption can be explained by looking at the way Bribery was viewed in Germany. Before 1999 it was not illegal and this was a way of business. These bribes could also be deducted as a business expense. Just
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1. What explains the high level of corruption at Siemens? How did managers engaged in corruption rationalize it? In Germany‚ bribery was legal before 1999‚ now was illegal. However‚ Siemens continued bribery‚ they sent the money to the bank in Switzerland that was difficult to trace. Also‚ they hired a lot of “consultant” to help them accomplish corrupt business. Managers rationalized that bribes were looked like a “cost of doing business” and “useful money”. They believed this way could keep the
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Case Study: Siemens Bribery Scandal 1. Corruption was deeply embedded in Siemen’s business culture. They rationalized this corruption by stating that it was not illegal to initiate bribes to government officials. This was true‚ however not anymore‚ the law changed in 1999 prohibiting such acts of corruption. 2. If a manager at Siemens would have stood up and took a stand against corruption‚ I think that he/she would have most likely been fired for being insubordinate. The higher executives that
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The Bribery Scandal at Siemens AG Analysis This case discusses the bribery scandals that were unearthed at Siemens AG in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. Siemens agreed to pay €1 billion towards settlement of corruption charges $800 million of which was a fine imposed by U.S. in addition to the billions of euro paid in fines‚ back taxes and late interest
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Case One: The Bribery Scandal at Siemens AG Organization and Industry Overview: The case‚ “The Bribery Scandal at Siemens AG‚” underscores how employee involvement with unethical behavior can cause irrevocable damage to a company’s reputation and ultimately their profitability and success. Werner von Siemens and Johann Georg Halske founded Siemens AG in 1847 in Munich‚ Germany as a manufacturer of telegraphic systems. Over the next 150+ years‚ the company grew rapidly expanding operations in
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Report for Case 1: The Bribery Scandal At Siemens AG Siemens‚ originated by Werner von Siemens and Johann Georg Halske in 1847‚ now is one of the top companies which major business area is electrical engineering‚ and has millions of employees and operations in around 190 countries in the whole world. However‚ in 2007‚ two former managers of Siemens AG were proved to be guilty by a German court. The court accused them for giving money from company to employees of Enel Spa and asking for contracts
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Denver Airport Baggage Handling System Case Study Synopsis Dysfunctional decision making is the poison that kills technology projects and the Denver Airport Baggage System project in the 1990’s is a classic example. Although several case studies have been written about the Denver project‚ the following paper re-examines the case by looking at the key decisions that set the project on the path to disaster and the forces behind those decisions. Background What was to be the world’s largest
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