Corporate Governance HIH; What Went Wrong? During 2000 at the Institute of Actuaries annual seminar on general insurance‚ two senior actuaries‚ Peter McCarthy and Geoff Trahair‚ presented a paper that rang alarm bells for HIH Insurance. Even though HIH was not mentioned in the paper [entitled “Lack of industry profitability and other stories”] the insurance industry was accused of under pricing policies‚ pressuring actuaries to reduce the projected level of outstanding claims liabilities and
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is due to the fact that there is a global safety standard and there are several precautionary measures in place to minimize the damage and potential for fail. If there are so many precautions and safety nets‚ this gives rise to the question: “What went wrong in Japan then?” There are several aspects to why the disaster happened in Japan. One of the most prominent one is the fact that the reactors that failed in Japan were Mark 1 boiling water reactors designed by General Electric in the 1960’s
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What Went Wrong at Mattel The toymaker is recalling more dangerous toys made in China. Its troubles may be a warning sign for other multinationals Elmo‚ Barbie‚ Big Bird‚ and Dora. They are some of the most familiar and best-loved children’s characters. Now they’re caught up in the global debate about the safety of Chinese-made products. Mattel (MAT)‚ the world’s largest toymaker‚ announced on Aug. 14 an expanded product recall‚ involving vehicles based on the hit movie Cars that had lead paint
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What went wrong at AIG? Despite US$110 billion in annual sales and assets in excess of US$1 trillion‚ on the 16th of September 2008‚ AIG accepted the Federal Reserve’s US$85 billion rescue package in order to prevent itself from facing a Chapter 11 filing. In exchange‚ AIG had given a 79.9% stake in the company to the government and also the right to suspend dividends previously issued to common stock and preferred equity. In all‚ US$184 billion in shareholder value was wiped out in less than a
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RECONSTRUCTION‚ WHAT WENT WRONG I. Historiography of Reconstruction A. Early Views Journalists‚ Poets‚ & Rebels Negative view of Reconstruction Sidney Andrews‚ The South Since the War (1866) John Dennett‚ The South as It Is. Southern frame of reference Sidney Lanier (poet) Attempt to justify Civil War B. Early Professional Historians John Ford Rhodes Ohio Democrat Not impartial Blamed North for problems of Reconstruction’ Claimed Black Rule
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WHAT WENT WRONG WITH SATYAM? PROFESSOR J. P. SHARMA J.P Sharma‚ Professor of Law & Corporate governance‚ Department of Commerce‚ Delhi School of Economics‚ University of Delhi WHAT WENT WRONG WITH SATYAM? INTRODUCTION Till about two decades ago corporate governance was relatively an unknown subject. The subject came into prominence in the late 80’s and early 90’s when the corporate sector in many countries was surrounded with problems of questionable corporate policies or unethical practices
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Kmart’s main weakness was that it had an aspiration to be all things to all people its dabblings in drug stores‚ home improvement stores‚ bookstores‚ cafeterias and specialty stores in the 1980s and early 1990s seemed to spread the company very thin. This focus on diversification is just one example of how the retailer has often not made the wisest choices when faced with a tight spot. By the 1980s‚ just before the rise of Wal-Mart‚ Kmart had become complacent. It believed it would be the
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While not all crises can be foreseen‚ let alone prevented‚ all of them can be managed far more effectively if we understand and practice the best of what is humanly possible. (Ian Mitroff‚ Gus Anagnos: ” Managing crises before they happen”) 1. What went wrong? As we can see from the text of the case the several things went wrong in McDonalds Argentina. 1. First of all there were a lot of accidents of people compliance on the company’s food. It was quite usual for the call-center of
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boson who is the deck hand in charge opened the forward store and started the ventilation fan. Immediately an explosion[Fig-5] occurred and the boson was killed. Also‚ it ruptured the forward store badly and deformed the forward shape. [36] What Went Wrong (Critical Factors): The de-humidifier consists of several valves which was connected to cargo line. In the normal procedure the vessel must remove the spool connection from the cargo line and the de-humidifier. In the above case‚ after investigation
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NEWS FLAVOR http://newsflavor.com/opinions/airbus-a380-what-went-wrong/ Airbus A380: What Went Wrong? [pic]Published by Miqdad Sibtain on March 12‚ 2009 in Opinions “In most airline programmes of this size – including those of our competitors – things can run a little later than originally planned.” – Airbus spokesman. “I am extremely sorry vis-à-vis investors that have placed their confidence in EADS. This announcement came as a big blow. But we will create recovery.” - Noel Forgeard
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