...meeting of the bond division’s leadership team. Because Boston office was the second largest office in the company, its sales group was used as a bellwether in the new products and management ideas. So, Winston put forward two changes about the company – Key account team (KAT) and a division-wide performance management. Based on these two changes, many salespeople in his division thought they’re unnecessary, even though it may not be work. Campbell and Bailyn’s fixed income division of sales and trading business was the fastest growing unit. It sold three types products. One of the products was the taxable bonds which were the biggest segment and sold mortgage-backed securities, high yield corporate debt, bond futures and options, government securities, and derivative products. Every division has different specialization salespeople. Also, salespeople had powerful customer relationships. Winston’s team included nine salespeople: five generalists and four specialists. Usually, generalists had large expense accounts to nurtured relationships. Specialists managed smaller accounts. Winston wanted to change the generalist team because it lost business to their competitors – lack of detailed product expertise. So, Winston created KAT, it not only increased effectiveness but also let customer to found that having experienced salespeople offering in-depth, technical advice on specific new issues to be invaluable. Also, he created a new “multisource” performance appraisal system for salespeople...
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...promise to pay a bonus in the form of the equivalent of either the value of company shares or the increase in that value over a period of time. * Discount stock option plans are similar to non-statutory stock option plans with one exception. Companies grant stock options at rates far below the stock’s fair market value on the date the option is granted. * Stock appreciation rights provide executives income at the end of a designated period, much like restricted stock options; however, executives never have to exercise their stock rights to receive income. Unions generally do not support companies’ use of contingent workers and flexible work schedules. Most union leaders believe that alternative work arrangements threaten members’ job security and are prone to unfair and inequitable treatment. The most common concerns include: *...
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...candidates who had applied for the open position (Dessler, 2004). Through the selection process, the interviewing team ensures that the best candidate of all is hired to fill the vacant position (Noe, 2006).In this paper, therefore, I have developed a comprehensive recruitment and hiring plan for New York police department. Essential Elements of the Job The open positions entail recruitment and hiring of most competent and qualified police officers. There is a need to restore the police image and reputation among the members of the public. The new recruits will serve to enhance security and at the same time not infringe on the public interest. The officers will also participate in public sensitization and awareness programs to create mutual understanding with the community. Mutual understanding and cooperation between the police and the community is critical for the promotion of security programs as this region is cosmopolitan. The newly recruited officers will also conduct thorough investigations on recent killing. They have to recommend what is to be done to the perpetrators of those injustices. The officers have to prepare comprehensive charge sheets that will be used against individuals who are culpable of crime and other offenses. Recruitment Campaign to be undertaken to find the Right Applicants Advertisements will be done both...
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...practices are developed to safeguard the data that is stored and used by information systems, as well as the protection of the hardware that runs the information system. Therefore, a proper understanding of risk management and all that it entails is of the utmost importance for every IT professional, regardless of specialization. The purpose of this paper is to identify what risk management is and give an overview of the three phases or undertakings that make up the risk management process and then conclude with a discussion and explanation of the six-step Risk Management Framework (RMF) developed by the Department of Defense and the National Institute of Standards and Technology (NIST) (National Institute of Standards and Technology, 2010). “Risk management is the process of Identifying risks, as represented by vulnerabilities, to an organization’s information assets and infrastructure, and taking steps to reduce this risk to an acceptable level” (Michael E. Whitman, Herbert J. Mattord, 2012, p. 119.). Thus, risk management is merely the ability of a person or organization to implement due diligence and identify any potential issue and develop policies and security measures to combat these risks. Risk management is comprised of three phases: risk identification, risk assessment, and risk control (Michael E. Whitman, Herbert J. Mattord, 2012, p. 119.). Risk Identification Risk identification is simply the identification and documentation of the assets and the threats to those...
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...1. In decision making process focusing only on technology will give companies a very narrow perspective, as technology is only one of the variables in the equation. While Technology can be a great and helpful tool in decision and judgment making and it can empower people by increasing their abilities, on its own doesn’t add any value. IT can produce significant strategic and competitive advantage only if it is used effectively, therefore it needs to be managed by highly motivated people. Every company needs to make decisions how to position itself in the market and how to create unique mix of values in order to successfully compete. Therefore, it is crucial to understand the industry structure and strategic positioning of the firm in terms of its portfolio products and services, looking only through the technology lenses could be misleading and incomprehensive. Also, organizations need to constantly research the market and recognize customer needs, so that they can deliver new products by utilizing technology and applying their knowledge. Strong understanding of industry structure and strategic positioning of the firm, allow organizations make necessary modification and adjustment to its business model. Moreover, new entrants wouldn’t be able to outperform industry giants by employing only technological resources. What drive these small startups upmarket are passionate and creative people, who are obsessed with winning. Moreover, Technology can be standardized and imitated,...
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...Profile Summary: ------------------------------------------------- A capable, ambitious and successful investment banking professional with 3+ years of experience, who possess a broad and deep knowledge of Prime Services Stock Lending and Borrowing business. Gained expertise in cash collateral, Stock Loan billing, Trade Support , Equities Settlements and Reconciliation of securities Lending business / Stock Borrow Lending. ------------------------------------------------- ------------------------------------------------- Associate Process Manager at Eclerx-Credit Suisse Process: Stock Borrow Lending- Billing EMEA and NY (Equity Middle Office Operations) Period: Since Mar-2015 to till date. Roles and Responsibilities: * Settlement of SBL fees, rebates with various external counterparties, prime brokerage clients, PTH accounts and Platinum clients. * Reconciliation of Statements for settlement of fees. * Reconciliation of cash A/c’s (Intellimatch nostro) * Daily Reconciliation of BM vs Peoplesoft * Month end Glass reconciliation of pay-receive accounts in Peoplesoft. * Daily reconciliation of Intercompany accounts. * Working closely with Clients, Technology and various internal counterparts to ensure efficient client service. * Advise cash management team to ensure correct cash funding before currencies deadlines * Ensure all nostro breaks are reviewed as per defined age bracket and SLA (Service Level Agreement) with client...
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...The security industry is no longer the simple entity it was once considered, over the decade or so it has become a very diverse profession and can be compared to both the medical and legal professions. Changes in technology and the events of 9/11 have forever changed the face of the security industry and has lead to the diversification of the field. Where it was thought that security consisted of only security guards patrolling an area or watching CCTV, the industry now specializes in areas spanning from physical, IT and forensic security. With these specializations come the need for both specialized higher education degrees and industry certifications. The principal purpose of certification is to create a standard level of knowledge for those individuals employed in a particular industry. Certification in security management communicates to potential employers and the public that the possessor has demonstrated they have the basic skills, education and proficiency to take on a particular assignment. My research has identified one primary source for security certifications: American Society for Industrial Security (ASIS). The American Society for Industry Security (ASIS) offers three board certifications: Certified Protection Professional (CPP), Professional Certified Investigator (PCI) and Physical Security Professional (PSP). Beginning in 1977 ASIS certifications have been setting the standard fro security professionalism. ASIS claims their certifications are the global...
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...Article Review: - The Greed Cycle, by John Cassidy The article by Thomas Cassidy, points out the instrumental role that greed plays in the modern corporation. Modern Economists have always seen greed as not only a necessary element in the corporate environment, but as also a vital part of the successful evolution of a public company. As the article points out, “Economists from Adam Smith to Milton Friedman have seen greed as an inevitable and, in some ways, desirable feature of capitalism. In a well regulated and well balanced economy, greed helps to keep the system expanding”. In the early public companies, greed was not seen as a danger, as the implicit trust that managers would not slack off, and would run the company in the interest of the stockholders and stakeholders was not undermined. Economist was the first to identify the issue of managers not acting in the interest of the shareholders, and instead being motivated by greed, and “self-enrichment”. Public Companies, evolved as a way to create financing for large industry, where in the owners agreed to relinquish day to day control and operation of a company to mangers, who in turn would act in their interest, and maximize revenues. As the article points out, in the beginning, “most of the professional managers were content to collect generous salaries and pensions rather than habitually attempt to rob the stockholders and bondholders. It is a strong proof of the marvelous growth in recent times of a spirit...
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...Implications Three constraints: Scope for increasing aggregate size of public sector limited Scope for raising debt levels limited Contingent liabilities will need careful management Some implications: PPP may help but are unlikely to be a panacea (PPP should be driven by VfM not fiscal constraints) Raising savings (revenue), improving efficiency of investment, and equitization will all have to play a role. 4 Debt Management I: Definition of Public Debt Vietnam - Gross Public and Publicly Guaranteed Debt - 2005-2009 2005 2006 2007 2008 2009 (In percent of GDP) A. Gross public and publicly guaranteed debt (B+C) B. Gross domestic public and publicly guaranteed debt (B1+B2) B1. Gross domestic public debt Securities Loans and advances B2. Gross domestic publicly guaranteed debt VDB domestic debt Other entities (Social Policy Bank, VEC, Vinashin bonds etc.) C. Gross external public and publicly guaranteed debt (C1+C2) C1. Gross external public debt Multilateral Bilateral...
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...The issue of ethics in the corporate world has been widely talked about over the last decade. Corporate scandals almost seem like a part of everyday life. The nation’s response is to inform students of ethical conduct and hold organizations to a higher standard. This will hold CEOs and management responsible for all fraudulent acts committed by an organization. The ethical spotlight has now turned to CEO compensation due to the recent decline in the economy. The focus point of those public discussions has been to try and get a better position to influence CEO compensation packages. Determining a CEO compensation package and commitment that does not place undue pressure on the CEO to taint financial statements, provide excessive perks, approve stock option scandals to occur, and let outrageous severance packages could be a giant step in the right direction toward an ethical foundation in the business community. Perhaps CEO compensation packages are not the cause of corporate scandals, but sometimes they do push CEOs into making improper and unethical decisions. The relationship between CEO compensation is parallel to being an ethical company, and having long term success Executive compensation has risen significantly in past ten years. These increases are difficult to comprehend considering profits and stock prices of the only increased by 11% and 23% respectively as of 2008. Although the increase in market value created an environment for increasing compensation without much...
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...Food-Lion MVP Program Charles A. Kennedy BUS_120 February 7, 2009 Mr. Belflowers Fayetteville Technical Community College Located throughout different parts of the eastern seaboard, there is a popular food store called Food-Lion. The main goal for the store is to provide quality food products at reasonable affordable prices that other stores cannot compete with. With this as their main goal, the store believes it will greatly gain profit and exposure leading to the company growing. Food-Lion is seeking to expand its operations by improving their quality and providing enough quantity. Food-Lion is seeking to take their business in a whole new direction with a Most Valued Product (MVP) program. The proposed system requirements are the system shall have three tiers of users; customers, users, and managers. Users in the “customers” tier represent customers of Food-Lion and account holders. They will be able to view their MVP savings and instantly get other coupon rewards. Users in the “Users” tier represent employees of Food-Lion. They will be able to view their MVP savings from each customer in their area. This would allow them to track pacific items. Every customer will specifically be assigned one account number that will identify the customer within the Food-Lion MVP Program. Whenever a purchase has been made and the customer uses the MVP Card account number, the savings will automatically be credited to customer purchase. When customers want to use their MVP...
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...MajoA review of financing instruments by Steel majors: Innovations Tata Steel 2011 In March 2011, Tata Steel became the first company to issue Perpetual bonds (Perps) in India. A Perp has no maturity date. The investor gets income from the bond forever. The company, however, has a Call option after the end of the 10th year. The company can therefore, pay off the bond holders and extinguish the bond. The investor cannot redeem the bond ever, but can trade the bond in the secondary market. The coupon rate for the first 10 years is 11.8 percent, paid semi-annually. From the 11th year the coupon rate will be stepped up to 14.80. The coupon rate will be capped at 14.80%. The promoter stake in the company had been diluted by 2.4% in the FPO of January 2011(described below). This is cited as a reason why the company chose to issue bonds rather than equity. Similarly, taking on more debt would have negatively affected its Debt Equity ratios. The company intends to include the instrument as a separate class of capital under schedule 6 of Indian GAAP. This will not increase the interest burden of the company since the interest as and when paid will be recorded as a change in equity on its balance sheet. It can be counted as debt for tax purposes and as equity for ratings. The cost of capital through this instrument is also lower. Cost of equity for markets such as India is 16-24% and cost of debt is around...
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...1. Clearly define the ethical problem. Ans: The ethical problem is that SGT Day willingness to be dishonest and not report the security breach. 2. Employ applicable laws and regulations. Ans: . I would inform my supervisor of the findings and situation and while adhering to JER and Army regulations for dealing such issues. 3. Reflect on ethical values and their ramifications. Ans: I would counsel SGT Day for just wanting to cover up the findings, reminding him that not reporting the finding of the pages immediately could jeopardize our own career. 4. Consider other applicable moral principles. Ans: I would to talk SFC Sharp and ask him why the pages weren’t destroyed two week ago and find out how to destroy them at this time. 5. Commit to and implement the best ethical solution. Ans: I would then come up with a plan so that we can put in place a tracking system so that this situation doesn’t happen again. 6. Assess results and modify plan as required. Ans: Even though the civilian cleaning team doesn’t even clean our area and only our people ever come in here and the pages are from an alternate communications security book and were never used it’s still a Security risk. After talking with SGT Day and having him check the inventory and destruction certificates and he discovered that SFC Sharp certified the destruction of the book these pages came from two weeks ago and also that there were no more pages. I would to talk SFC Sharp and ask him why the pages weren’t...
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...E15-3 E15-4 E15-5 E15-6 Content Trading Securities. (Easy) Journal entries. Unrealized holding gain. Balance sheet disclosure. Trading Securities. (Moderate) Journal entries. Income statement and balance sheet disclosures. Long-Term Investments. (Easy) Securities available for sale. Purchase and adjusting entries. Available-for-Sale Securities. (Easy) Journal entries. Compute unrealized increase/decrease balance. Available-for-Sale Securities. (Easy) Journal entries. Balance sheet disclosure. Held-to-Maturity Bond Investment. (Easy) Premium, straight-line amortization, journal entries. Error in recording interest at acquisition. Held-to-Maturity Bond Investment. (Easy) Discount, semiannual interest receipts, straight-line and effective interest methods of amortization, journal entries. Held-to-Maturity Bond Investment. (Moderate) Discount, semiannual interest receipts, sale at gain. Effective interest method. Journal entries. Bond Investment. (Moderate) Discount, semiannual interest receipts, amortization schedule using effective interest method, journal entries. Bond Investment. (Moderate) Premium, semiannual interest receipts, amortization schedule using effective interest method, journal entries. Bond Investment. (Moderate) Premium, semiannual interest receipts, sale at loss. Effective interest method. Journal entries. Transfer Between Categories. (Easy) Reclassification from "held-to-maturity" to "available-for-sale securities." Journal entries for interest and reclassification...
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...CRM 11- Performance measurement Important stakeholders of a company - Shareholders / Board of directors - Customers - Employees/Management An organisation must maximize the main sources of revenue, profit and growth within the context of both business and customer strategy. The three key stakeholders group are: Employee Value Employee value needs to be considered from two perspectives. #1 the value employees deliver to the organization - This is usually measured against a number of performance objectives, where employees are appraised against performance targets #2 the value the organisation delivers to the employees - Comprises the benefits the work force receives in exchange for the opportunity cost, time and labour expended in performing their job. Customers Value The value the customer receives from the organisation is defined by the perceived benefits of the offer made to the customers, which extend beyond the core product or service. These higher level benefits can come from intangible factors, such as the provision of better customer service or association with a quality brand image. The value of the organisation receives from the customer is determined by the profits obtained from the customer over the lifetime of their relationship with the organisation. Shareholder Value Shareholder value is created by achieving a favourable rate of the return on capital invested. The board of director may expect the following...
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