Posts Tagged: contemporary business issues

Deloitte Fined and Banned: Accounting Firm Botches Consulting Engagement Dealing with Bank Regulatory Problems

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Deloitte was hired by Standard Chartered, a British bank, to independently spot suspicious money transfers routed through its New York branches. However, as the consultants, a final report submitted to state regulators was watered down, indicating misconduct by Deloitte and a lack of autonomy for Standard Chartered’s illicit transfers of billions of dollars on behalf… Read more »

Right on the Money

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Back in January, when Jacob “Jack” Lew was a mere nominee for the position of Secretary of the Treasury, the New York Magazine described his signature as a “slinky that has lost its spring.” Now, as the official Treasury secretary, his signature has changed. Questions: 1. Why were people worrying about Lew’s signature in the… Read more »

Read the fine print

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It is likely that when you get your first job or when you move to a new job that you will be asked about enrolling in a long-term care insurance benefits program. According to Ms. Siegel, one of the most important reasons for people buy long-term care insurance is to avoid burdening a spouse or… Read more »

Massive Estate Planning Mistakes of Celebrities

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[Marilyn Monroe]Consider the mistakes of these five celebrities when you make decisions about your estate or advise others about theirs. As Sheyna Steiner reports, problems in life may compound after death as creditors, heirs and the Internal Revenue Service come calling for their share of an estate. Questions: 1. After reading about these five celebrities,… Read more »

Welcome to the GMO free zone of the future

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As we head into the hot summer, what sounds great? Well, ice cream, of course! And who is in the news? Ben and Jerry’s. According to the Huffington Post, Ben and Jerry’s is removing a controversial ingredient from its ice cream: Genetically-modified organisms (or GMOs). The back story is that only 80% of Ben &… Read more »

Pension Predators – A New York Investigation

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Gov. Andrew Cuomo is ordering New York’s top banking regulator to investigate “pension advance” firms. The payments by these firms are advertised as advances. However, they are really cleverly disguised high interest rate loans that target older citizens’ assets. Questions: 1. What are the benefits for the firms on insisting that they are advances rather… Read more »

Why is the IMF chief in court?

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Recently, Christine Lagarde was grilled by a French court in regards to a business settlement with disgraced tycoon Bernard Tapie in 2007. Questions: 1. What is the IMF? Why was the IMF in the news in 2011? 2. What is the controversy about? Is anyone alleged to have profited from the incident? 3. What does… Read more »

The Value of Newsjacking

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Newsjacking refers to the practice of capitalizing on the popularity of a news story to amplify your sales and marketing success. The term was popularized in David Meerman Scott’s book Newsjacking: How to Inject Your Ideas into a Breaking News Story and Generate Tons of Media Coverage. In this video, Christine Romans and PR expert… Read more »

Is it fair that some hospitals are charging 400% above their costs to deliver services?

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According to government data, hospitals charge Medicare wildly differing amounts — sometimes 10 to 20 times what Medicare typically reimburses — for the same procedure. This raises questions about how hospitals determine prices and why they differ so widely. Questions: 1. Discuss the data set and what was included. 2. According to the article, who… Read more »

IPO Fever

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U.S. companies are on track to raise the most money through initial public offerings since before the financial crisis. It appears that this trend is driven by the same thirst for risk among investors that has pushed the stock market to new highs. Questions 1. Based on the information given in this article, what is… Read more »