This article finds evidence consistent with the hypothesis that managers consider personal risk when making decisions that affect firm risk. I find that Chief Executive Officers (CEOs) with more personal wealth vested in firm equity tend to diversify. CEOs who are specialists at the existing technology tend to buy similar technologies. When specialists have many years vested, they tend to diversify, however. Poor performance in the existing lines of business is associated with movements into new lines of business.
Most lawyers know how big a problem occupational fraud is in corporate America. They may even count as clients companies that have been defrauded and suffered significant losses. Yet a "not at my firm" attitude persists among many partners who take for granted the honesty and integrity of their colleagues and staff.
For many individuals contemplating treatment for addiction, ninety or more days of residential treatment can be a daunting thought; even difficult for some to consider beyond the once-mainstay "30 day" inpatient treatment program. While many programs still use this "30 day" model, this duration was not based on research or science. It was simply the time period that insurance carriers agreed to provide coverage in the 1940-s and 1950-s, and so was adapted as the model for treatment.
Property owners have rights and protecting those rights was a central part of the Founding Fathers' goals. Nevertheless, there are certain circumstances in which owners can have their property taken from them. The process through which private property is legally dispossessed by the government is known as condemnation. Property owners are entitled to fair compensation and have the opportunity to offer their own valuation information in condemnation proceedings. There are various factors to consider for accurate property valuation: size, zoning, structures, use, accessibility, adjacent properties, leases, etc. An essential part of due diligence is determining precisely what the property comprises.
A case study that illustrates the importance of combining crash data with a thorough analysis in an auto reconstruction investigation.
Imagine you are lead counsel on an airline crash case in which more than 200 lives were lost, each involving a wrongful death case. A plaintiff attorney has hired an economist whose report on damages for one person, a Korean leather goods importer, exceeded $200 million. What should you do? Plaintiff’s expert is a Ph.D. from a top university who teaches economics and has many publications.
Unfortunately, many of us at one time or another, will be a victim of an automobile accident which was simply not our fault. If you are injured, the law provides that you may be entitled to recover monetary damages for hospital expenses, medical treatment, prescriptions, lost wages, and other damages for pain and suffering. The amount of such damages differs based upon your injuries.
Well-publicized bank transgressions are frequently labeled "compliance failures." However, to those of us who work in the industry, this sometimes feels like an insult. Anyone, like me, who has worked in banking, anti-money laundering (AML), software creation, audit readiness, compliance and process engineering, knows how easy it is to blame "the system." That excuse is often coupled with process lapses, and the official explanation of failure becomes "we need new software and better training of our (low-level) back-office staff." This may be true. It is quite difficult to grasp the totality of compliance mandates and then implement effective software and process solutions, especially in huge financial institutions. Geographic spread and fuzzy organizational lines can also cause compliance problems.
When a dishonest CFO or controller cooks the books, it can be devastating for the victim organization. In addition to direct financial losses, financial statement frauds erode trust between management and other stakeholders, including lenders, investors and employees who own company stock. Unfortunately, it's common for smaller companies to associate financial misstatement with large public companies that focus heavily on earnings per share.
There are many reasons not to drink at a Holiday party. For example, you may need to avoid alcohol because you are driving, because you are a recovering alcoholic or simply because you are going somewhere after the party and you need to be clear-minded. There is also a chance that you want to have a drink or two but want to avoid getting drunk and losing control. In any case, there are some things you can do to stay sober.