describes the regulation gap in the CDS market and states the regulation reform after the crisis. Part I is background‚ generally introduces the Wall Street crisis. How it happened? What consequence it has? Part II is mainly about AIG’s CDS business: how AIG got involved in the crisis and why the biggest world insurance company suddenly collapsed. Part III is about credit default swaps: definition‚ construction‚ and problems. Part IV is concerned on the regulation reform after AIG’s failure. Wall Street
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Who is AIG? American International Group‚ Inc. (AIG) is a leading provider of insurance and retirement solutions. Headquartered in New York City‚ AIG has principal offices for its international operations located in London‚ Hong Kong and La Defénse. AIG companies serve commercial‚ institutional and individual customers in more than 130 countries and employs 63‚000. Through its multiple company segments‚ AIG also provides services in the life insurance and retirement services industries. AIG is divided
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Components of a Great Corporate Culture by John Coleman | 3:00 PM May 6‚ 2013 The benefits of a strong corporate culture are both intuitive and supported by social science. According to James L. Heskett (http://blogs.hbr.org/cs/2011/12/what_great_companies_know_abou.html) ‚ culture “can account for 20-30% of the differential in corporate performance when compared with ‘culturally unremarkable’ competitors.” And HBR writers have offered advice on navigating different geographic cultures (http://blogs
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Corporate culture has been said to be the toughest component of a business to change. Do you agree or disagree with this statement and why? I do believe in this statement and believe that it is actually true. The company’s culture is something that consists of the values‚ norms‚ and the goals of the organization. When all of these things are put together‚ they form the culture of that company. Any company that is being unethical can obtain all of these goals. However‚ they must surely stand
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Organizational culture are visible in artifacts‚ exhibited in the manner of dressing‚ patterns of behavior‚ physical symbols‚ organizational ceremonies‚ and even office lay-out. Please cite one established foreign company (multinational corporation) and one local (publicly listed) company that strongly communicates as seen in the employees’ performance and delivery of the customer experience. The foreign company which I think strongly communicates corporate culture
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Name: Vicki Wong Date: 21st February‚ 2011 Essay Topic: Discuss the role played by personality factors in stress Living in a modern world today‚ we all experience stress in one form or another. Generally‚ we regard stressors as unpleasant events in our lives as they may cause negative impacts on both of our physical and mental health. However‚ stress can also appear to be positive under different circumstances. In fact‚ a similar level of stress may have different impacts on different people
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The Corporate Culture Robert Alford Grantham University BA560 Business Ethics Dr. Janice Spangenburg March 19‚ 2013 The Corporate CultureLegal Case: Adelphia Case: Feds drop fraud case against Adelphia founder‚ son A six-year legal battle involving the jailed father-son duo who headed now-defunct Adelphia Communications has ended after prosecutors withdrew tax fraud charges related to their earlier conviction in a $1.9 billion fraud case. Prosecutors said they withdrew the tax-related
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Running head: AIG BAILOUT AIG Bailout Clari McGougan‚ Shawna Wilson‚ Keasha Kessler‚ Lashonda Edwards‚ Dale Ballard‚ and Michael Baltzelle University of Phoenix AIG Bailout The main ethics categories and theories involved in the American International Group (AIG) bailout are duty based ethics which has its pros and cons‚ and the theory is deontological which puts the rightness of an action before good. The pros of duty based ethics are equal rights are important to every person
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Seattle‚ Washington danryoung@netzero.net Presented the Spring Meeting of the CAS New Orleans‚ Louisiana May 6‚ 2009 The Story of the AIG Accounting Scandal The Companies The Participants Regulatory Scrutiny Intensifies The Prosecution Case The Defense Case Relevant Laws and Regulations The Fate of the Participants The Companies AIG Overview (2007) World’s largest insurance and financial services company 93‚000 employees Business in 130 countries
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Generale‚ Deutsche Bank AG and UBS AG. That’s about half the $66.7 billion that those companies‚ the five biggest beneficiaries of loans and capital infusions for AIG‚ said they spent on pay and benefits last year for employees‚ some of whom created or traded toxic subprime assets that proved deadly for lenders. The bonuses paid by AIG and the banks were allowed under a congressional exemption from compensation limits on companies getting government rescue funds. The Treasury staff requested the
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