...Federal Reserve Chairman? Ben S. Bernanke is the chairman for the Federal Reserve. Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South Carolina. His father Philip was a pharmacist that managed a theater part-time and his mother Edna was an elementary schoolteacher. Bernanke has a brother and sister and is the eldest. His younger brother, Seth, is a lawyer in Charlotte, North Carolina, and his younger sister, Sharon, is a longtime administrator at Berklee College of Music in Boston. As a teenager, Bernanke worked construction on a new hospital and waited tables at a restaurant at nearby South of the Border, a roadside attraction in his hometown of Dillon, before leaving for college. Bernanke met his wife Anna, a schoolteacher, on a blind date. She was a student at Wellesley College, and he was in graduate school at MIT. The Bernanke’s have two children. He received a B.A. in economics in 1975 from Harvard University, and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. Bernanke originally took office as Chairman on February 1, 2006, when he also began a 14-year term as a member of the Board. Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006. By virtue of the chairmanship, he sits on the Financial Stability Oversight Board that oversees the Troubled Asset Relief Program. He also serves as Chairman of the Federal Open...
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...Chairmen are required to "chair," or facilitate and preside over, company board meetings. More specifically, a chairman is expected to determine the agenda of the meeting at hand, encourage discussion and participation from all directors and board members and relay pertinent information regarding current events within or pertaining to the company. A chairman is also expected to point issue discussions and debates toward a consensus stance, upon which the majority of the board agree, and which can therefore be acted upon for the expected benefit of the company or organization. Organizing The Board • For productive meetings to take place, the board in question needs to consist of an effective balance of members in regards to the board members' ages, work experience and personalities. This organizational or compositional process is ongoing; as a person carries on in their role of chairman, they will find that board members will either leave of their own volition or will need to be replaced. Additionally, a chairman needs to involve directors already on the board to mentor new directors who are new to their position. • Spokesperson/Representative • Depending on the company or organization, the scope and frequency of public relations duties for a chairman may range from practically nonexistent to major responsibility. The spokesperson responsibilities of a chairman generally involve relaying the mission statement of the company or organization to the public, along with adequately...
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...Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading shares over the past few years. Enron chairman and chief executive Ken Lay pocketed millions of dollars by offloading...
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...American Express Chairman/CEO Influence and Outcomes 7/30/2011 TABLE OF CONTENTS American Express Overview 3 James D. Robinson 3 Success and Failures of Robinson 3 Board Of Directors 4 Decisions Required 4 Candidates for CEO Position 5 Robinson’s Strategy 5 Decisions Of The Board 5 Problems Faced By American Express 6 Solution 7 Lessons Learnt 7 References 7 AMERICAN EXPRESS OVERVIEW American Express Company (American Express), incorporated in 1965, is a global service company The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. American Express Company and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (TRS), are bank holding companies. It is principally engaged in businesses comprising four reportable operating segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services. Its range of products and services includes charge and credit card products, expense management products and services, consumer and business travel services, stored value products, such as Travelers Cheques and other prepaid products, network services, merchant acquisition and processing, point-of-sale, servicing and settlement, and marketing and information products and services for merchants, and fee services, including market...
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...Print BestFit RE: Assignment 2.1: Project—The Firm's Form of Business Ownership Nikki Pearson The Firm's Form of Business Class, May 12, 2011 Assignment 2.1 The current form of business ownership of Nike is corporation. Phil Knight is the company chairman William J Bowerman is the Deputy Chairman, Mark Parker is the President, CEO, and Director, and Gary DeStefanio is the President/ Global Operations. A corporation is a legal business organization; it has board of directors, stockholders, shareholders, a President, CEO, and Vice President. Nike has a headquarters. Nike Corporate Headquarters is located in Beaverton, Oregon and the Nike World Headquarter sis in Washington, D.C. There are some advantages and disadvantages of this form of ownership. The advantages are easy to raise capital, easy to attract employees, specialized management, and limited liability. The personal assets of shareholders are not at risk. Even though the owner own all the shares they are not personally responsible for them. The disadvantages would be hard/ difficult, costly to form, heavily regulated by the Government, and double taxation. It pays taxes separate and apart from its owners. Once when the company makes its profit and again when dividends are paid to the shareholders. This form of ownership affects...
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...assumes wide general skills of the management, which goes along very well with the board opportunities for training managers receive. However, in some cases more in-depth skills are required turning this advantage into a disadvantage. Since functions are duplicated for each division, the organization has more expenses. (Bateman) Johnson & Johnson is known by its strong work design concept, the decentralized management. On the top of the organization is the Board of Directors lead by the CEO. Members of the Board are selected annually by the shareholders. The organizational chart of the Board shows that currently there are 12 Board members. (J&J) The CEO oversees: - the CFO, Vice President Finance; - the Vice Chairman of the Management Board, Worldwide Chairman, Medical Devices and Diagnostics, Global Supply Chain, Government Affairs and Policy; - the Vice President of Human Resources; - the Vice President of Legal Counseling; and - the Vice President of...
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...production companies from all over Europe. It now has a catalogue of rights in over 50 features including Academy Award Nominee and Venice Golden Lion winner Before the Rain, box office horror hit Deathwatch; Cannes Directors’ Fortnight opener Princess; Sundance South African hit Son of Man; Jason Biggs starrer GUY X and Dinard winner White Lightnin' as well as 2012 Berlinale Audience Award Winner Parada by Srdjan Dragojevic. The company remains fully owned and managed by producers Mike Downey (European Film Academy Board Member, BAFTA Council member and member of the BAFTA Film Committee) and Sam Taylor ( Board of PACT) backed by its advisory board Billy Elliot/The Hours/The Reader/Incredibly Loud and Extremely Close director Stephen Daldry (Chairman), ex-Creative Artists Agency agent Johanna Baldwin, former Chief Executive of the Guardian Group, James Markwick, merchant banker and internet pioneer Matthew Wilson. Launched in 2000 as part of a public offering on the Frankfurt Neuer Markt, F&ME was the subject of a management buy-out by its principals Sam Taylor and Mike Downey in 2003, and as an independent entity has kept to its annual production targets of producing 2 in house films and between 4 and 6 co-productions a year in the £1.5 - £5 million budget range. The first decade of F&ME’s existence saw it entering into production on 50-odd...
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...Chapter 1 Current situation a. Current performance b. Strategic posture Market share in shampoos 2.5% share of 3800 crore of shampoo market in india and 19% of 450 crore face cleansing market. 13% Chapter 2 Corporate governance a. Board of Directors 1. Name | Title | Ravi Prasad | Executive Chairman, Chief Executive Officer and President | S. K. Mitra M.D. | Executive Director | 2. b. Top Management Chapter 3 External environment a. Natural, physical, environment b. Societal environment c. Task environment d. Summary of external factors Mission Himalaya's mission is to make herbal wellness a part of every home. We want to be the most trusted company in scientific herbal healthcare and most admired for our ethics, values and commitment to sustainability. Our mission statement reads: Establish Himalaya as a science-based, problem-solving, head-to-heel brand, harnessed from nature's wealth and characterized by trust and healthy lives. Develop markets worldwide with an in-depth and long-term approach, maintaining at each step the highest ethical standards. Respect, collaborate with and utilize the talents of each member of the Himalaya family and the local communities where Himalaya products are developed and/or consumed, to drive our seed-to-shelf policy and to rigorously adopt ecofriendly practices to support the environment we inhabit. Ensure that each Himalaya employee strongly backs the Himalaya...
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...Summary of Facts and Circumstances Peter and his wife Catherine started to collect contemporary art in the 1970’s after she was forced to give up her legal career due to an illness. In June 1981 Peter was invited to join the MCA board of trustees. In 1989 Peter was elected the board chairman. He then devoted more time to managing the MCA with the hope that his business acumen could make MCA a more nationally prominent museum. At the start of 1989 Keith Schmidt was hired as MCA’s executive director. One of the first things he did was to set goals for the museum. He wanted it to be the best museum in the Midwest and among top five across the nation in five years. There was constant tension between Peter and Keith. It became visible to others by October in 1991. Peter and Keith were arguing about the direction and speed of MCA’s expansion. In November of 1991, the board decided to vote on whether to go with Smith’s conservative policy, to come with a backup plan in case the MCA’s expansion doesn’t work out, or with Schmidt’s advice to rapidly expand MCA. Even some of the board members were skeptical about the rapid expansion of the MCA they still decided to go with Schmidt’s plan. Smith was upset about the vote and soon after he disappeared with his wife from Chicago area. The board directed a new chairperson. In 1997 Peggy Fisher, the new chairperson, discovered that a $5 million pledge was not honored. They still went ahead with construction of the new building. In late 1997...
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...Week 2 Paper (Case Study) HCS615/Dr. Cheryl Chance Jacque Hartnett 1. Why was the CEO going ahead with the dismissal when he did? The CEO probably felt this was his only opportunity to get rid of Dr. Dulac before the chairman came back from vacation. Just because the chairman was friends with Dr. Dulac and also a patient of his, the chairman should have put that aside because they are running a business. Sometimes being friends and engaging in business does not coincide with one another. Dr. Dulac wasn’t fulfilling his job as the medical director, so it was time for a new medical director who was going to get the job done. 2. How should he actually handle this dismissal? Is there anyone that he should consult before dismissing Dulac? Everyone involved has to be on the same page when deciding to get rid of someone. It’s not good business when you go behind someone’s back in order to get the job done, due to the retaliation of the people being left out of the business deal. The CEO went above the Chairman’s head while he was away on vacation, by eliminating Dr. Dulac, and replacing him with Rachel O’Hara. Yes he should have consulted with the other 3 physicians and 3 Nurse Practitioners of Dr. Dulac’s team. He only person they were getting rid of was Dr. Dulac and not his team of physicians. This case study didn’t specify who Rachel was...
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...74th Founding Anniversary to all!! Acknowledgment We, the elective Barangay Officials, appointive Barangay Officials and Chapel Officers and the residence of Barangay Maganhan, Baybay City, Leyte wishes to extend our heartfelt thanks to the City Officials and to all those who have contributed in one way or another for the success of the Barangay Maganhan 74th Founding Anniversary Celebration. Thank you and God Bless!! Happy 74th Founding Anniversary to all!! Working Committees Tables and Chairs Chairman: Hon. Rogil M. Cañete Food Preparation Chairman: Hon. Marilyn N. Cantoneros Co-Chairman: Hon. Evelyn V. Asunto Hon. Letecia G. Bravo Program Printing & Invitation Chairman: Hon. Petronila S. Dapiton Sound System Chairman: Yolanda L. Mazo Co-chairman: Emelita A. Laluna Members: BNS, BHWs and 3 Brgy. Tanods Stage Decoration Chairman: Hon. Marcial A. Israel Parlor Games Chairman: Hon. Carlos G. Nuñez Overall Chairman RENATO P. MAGAN Brgy. Captain Provincial Officials Hon. Dominic L. Petilla - Governor Hon. Carlo P. Loreto - Vice Governor Hon. Florante Cayunda Jr. - Board Member Hon. Boboy Gacis - Board Member Hon. Jose Carlos L. Cari - Congressman 5th District of Leyte Baybay City Officials Hon. Carmen L. Cari - City Mayor Hon. Michael L. Cari - City Vice Mayor Hon. Eden Butawan - SP Member Hon. Leoncio Asilom Jr. - SP Member Hon. Arturo Elisa Astorga - SP Member Hon. Edgar...
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...agree with all the changes Aron would like to implement, but it seems that he is on the right track of it in general. As far as I am concerned, the main problem appear when relatively young person, like Aron, comes to the board in a role of a chairman and starts performing “reforms” which are not in the parallel with others- more older and mature members. This could ruin Harilela family harmony, which was created and well treated during a number of years. From the other hand, in case Aron just join a board as a chairman and starts follow its old way of doing business, it could have a negative affect on the last one as will not be efficient in the nowadays environment. Obviously there is not sense to follow that path as it does not bring a success to anybody. The challenge is to become a leader for the old Harilela generation and create a synergy by proving that Aron can bring success to the entire family and the business. In my view, he already proved that he can add value to the group by successful accusation of some real estate in the past. This was done with no control from Hari and proves Aron’s capabilities for defining a global strategy of the group. This also could be used as a good reference when appointing Aron to the chairman role. Second essential thing is to ensure support of his mother Padma. According to informal rules of Harilela family, women’s opinion is...
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...Are Two CEOs Better Than One? The case of WIPRO Take an organization with business divisions that overlap, add rapid growth, and flavour with problems arising from an uncertain environment. What you have, potentially, is a recipe for confusion. At Wipro, India's largest software services firm, however, little evidence of confusion has appeared despite the turbulent winds that have buffeted the company for the past few years. When former CEO Vivek Paul left to join Texas Pacific Group, a private equity firm, Wipro has had no CEO since Paul's departure, with Chairman Azim Premji -- who owns more than 80% of this Mumbai- and New York-listed company -- combining the roles of both chairman and CEO. Wipro was established in 1947. It was a vegetable oil company to start with and was created from an oil mill established by father of Azim Premji, present Chairman and CEO of Wipro. It later ventured into consumer goods in 1966 under Azim Premji's leadership as Wipro Ltd. In 1975 Wipro Fluid Power was set up to make pneumatic cylinders and hydraulic cylinders. Wipro demerged its non-IT businesses such as in consumer care, lighting, hydraulics and medical diagnostics into a new company to provide more focus for its IT business. Infosys and TCS are pure-play IT services companies. The demerger will help improve profit margins. But analysts think that moving out the small non-IT businesses from the company will alone not help. The company needs to focus on using technology to solve business...
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...annual event, offering big discounts to boost sales. "I bet the number [of goods bought] is going to be scary," said Alibaba's executive chairman Jack Ma last week. He estimated that 200 million packages would be shipped from orders made during the day. Alibaba's Singles' Day sales exceed predictions at $9.3bn Jump media player Media player help Out of media player. Press enter to return or tab to continue. Chinese retailers prepare for "Singles' Day" - a retail bonanza. Leisha Chi reports. Continue reading the main story Related Stories * What is Singles' Day? * Alibaba's quarterly profits rise 15% * Alibaba 'breaks share sale record' China's online retail giant Alibaba says it has pulled in $9.3bn (£5.9bn) in sales from its annual 'Singles' Day' shopping event. At the end of Tuesday, the firm said sales had reached 57.1 billion yuan, and that it had shipped 278 million orders - 43% of which were placed on mobile devices. Last year, Alibaba recorded sales of $5.75bn, shipping 150 million packages. Singles' Day is the world's biggest online retail sales day. It compares with "Cyber Monday" in the US, the Monday after Thanksgiving, which is also marketed as a big online shopping day. "You're seeing the unleashing of the consumption power of the Chinese consumer," said Alibaba Group's executive vice chairman, Joe Tsai. "We really are witnessing history here because we are seeing the shift of the economy from focused on the state sector to consumption...
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...SCRIPT OF THE FOURTH BOARD MEETING <!--[if !supportLists]-->1) <!--[endif]-->CHAIPERSON ADRESS:- Chairperson : I am glad to welcome all board members to the fourth meeting of the Venus Corporation. Thank you, thank you for being present in this meeting. Can we call this meeting to order? All : Yes <!--[if !supportLists]-->2) <!--[endif]-->APOLOGIES FOR ABSENCE:- Chairperson : Are there any apologies for absence for today’s meeting? Secretary : Yes, MrsChairerson, Bella is on medical leave being admitted to the hospital since yesterday because of contraction. While, Shahrul Khan is on business trip for the joint venture meeting with the company in Korea. <!--[if !supportLists]-->3) <!--[endif]-->MINUTES OF PREVIOUS MEETING:- Chairperson : Thank You, can we proceed to the next item, regarding of the minutes from the previous meeting? All : Yes Chairperson : Are there any amendment? Am : Yes, Mrs Chairperson. There is correction to item number 7. This item number 7, the amount allocated for show room gallery was RM45700, not RM45400. Secretary : Thank You Mrs Am, I’ll make the necessary correction to amount. Chairperson : Are there any other amendments? As : Yes, based on the previous...
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