[pic] LEADERSHIP AT AIG: DOES STYLE MATTER? Case Overview This case deals with executive leadership styles. In particular‚ this case deals with American International Group‚ the world’s insurance company‚ and its CEO Maurice “Hank” Greenberg. Greenberg‚ an autocratic leader‚ was recently deposed by his board of directors after problems emerged regarding possible earning manipulation. It describes his leadership style‚ reasons his two sons (former employees) left the company‚ and Martin
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AIG Accounting Scandal Contents 1.0 Introduction ………………………………………………. 2 1.1 Overview of AIG …………………………………….. 2 2.0 Scandal Methodology Used by the Company………… 3 2.1 Accounting Practices Errors ……………………….. 3 3.1 Ways to Hide Accounting Improprieties ………………. 4 4.1 Who the scandal effected ………………………………. 7 5.1 Recommendations ………………………………………. 8 6.1 Conclusions ………………………………………………. 9 7.1 References ………………………………………………. 10
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action plan to improve its corporate culture‚ the following must be considered prior to releasing its corporate plan: timing; employee buy-in; management commitment; resources. Timing is critical in corporate wide initiative implementation if Staples‚ Inc. intends to succeed. Improving its culture will not occur instantly and detailed planning must occur for Staples‚ Inc. to successfully carry out a cultural change. Understanding how changing Staples‚ Inc.’s culture will be a long and tedious
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group-wide operating management system that helps BP to set priorities for operations based on assessment of the key risks‚ including those related to environmental and social performance. Historical Background: BP (NYSE:BP) is one of the world ’s largest oil and gas companies in terms of production capacity. BP was founded more than a century ago by William D’Arcy‚ a wealthy British gentleman who had invested all his savings in the quest for oil in the Middle East. While experts and scientists
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Corporate & Work Culture When analyzing an organization’s leadership and teamwork skills‚ it is useful to first analyze the organization’s work culture and how this culture is maintained. The work culture of McDonald’s seems highly dependent upon the particular line manager in charge at any given point in time. One would imagine that the manager would almost always use position power and would use a telling style of leadership since the typical employee is young or inexperienced. Indeed‚ some
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Report on Discussion Task 5 National Cultures and Corporate Cultures Culture is an essential aspect in the operation and management of business. Presently corporate cultures are chosen from a diversity of national cultures. In that process the organisational structure is influenced in the first place by the general relationship between employees and their organisation. In the second place the hierarchical system of authority defines superiors and subordinates‚ complemented by the general view
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Introduction AIG‚ American International Group Inc.‚ is one of the top multinational insurance corporations. AIG‚ with asset of 556 billion‚ provides insurance service for more than 150 different countries and it has over 630‚ 000 employees over the world. Even though AIG is such a giant corporation‚ it has encountered financial problems in the early 2000s. Under financial pressure and a lack of internal control‚ AIG have committed frauds resulting in several scandals. One of the accounting scandals
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Corporate Culture & Ethics Loblaw Companies Limited and its subsidiaries and divisions are committed to upholding the highest standards of ethical conduct and good corporate citizenship. All Loblaw employees‚ officers and directors are expected to conduct themselves ethically‚ lawfully and professionally and in compliance with the letter and spirit of the Loblaw Code of Business Conduct (Corporate Policy‚ 2011). Employees are expected to act in Loblaw’s best interests on its missions and values
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Table of Contents 1.0IntroductionPanasonic is a Japanese multinational consumer electronics corporation and also one of the largest and leading electronic product manufacturers in the world and a well-known brand name. Its slogan "Panasonic ideas for life" represents the advanced technology and the wide range of products which we cover. It’s formerly known as Matsushita Electric Industrial Co. Ltd and stands for the depth and diversity of its research capabilities‚ manufacturing expertise
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Introduction The corporate community has blazed a trail of leadership in the business world. The pervasive influence of the corporate principles has resulted in the emergence of a corporate culture. This culture defines the businesses contained within it. Even though each business unit expresses its own personality on the economic environment‚ the corporate culture always describes the general financial climate. Nevertheless‚ the businesses within a given industry have a say as to how the industry
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