Posts Tagged: strategic management

Here we go again!

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In a release on July 30, 2013, JP Morgan has agreed to pay a $410 penalty over allegations it manipulated U.S. electricity markets. According to the official release, JP Morgan Ventures Energy Corporation is alleged to have manipulated the electricity market through the company’s bidding activities in California and the Midwest during the period from… Read more »

Where are the Controls?: Corporate Ethical Breaches Identified by Auditors

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According to a 2011 internal audit, executives at the British drug maker GlaxoSmithKline were warned about critical problems with the way the company conducted research at its drug development center in China. Potential financial risk and regulatory action are likely due to the sales practices that are currently at the center of a bribery and… Read more »

Would you prefer a payroll card to direct deposit?

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More and more American workers are facing fees before they are able to access their wages on payday. Why? Prepaid cards have been issued by their employers to replace direct deposit or paper paychecks. Questions: 1. Who are some of the well-known companies using these prepaid cards? Why is the New York attorney general getting… Read more »

Would you invest in a Bitcoin Fund?

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Bitcoin has been promoted as an alternative crypto-currency that exists outside the realms of governments and central banks. Now Cameron and Tyler Winklevoss, the twins best known for their part in the history of Facebook, filed a proposal with securities regulators that would allow any investor to trade bitcoins, just as if they were stocks…. Read more »

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 »

The Goldilocks Number

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Why does Wall Street like a “Goldilocks number” when it comes to job growth? Job growth in May kept up with the year’s monthly average, with 175,000 new jobs added. Meanwhile, the unemployment rate increased slightly to 7.6 percent. Questions: 1. What is the role of the Federal Reserve regarding the risk Wall Street sees?… 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 »

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 »

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 »

The Tragedy of “Fast Fashion”

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A garment factory, manufacturing products for international clothing companies, collapsed outside of Dhaka, Bangladesh, last month. The collapse killed more than 400 workers and injured many others. This tragedy came on the heels of a factory fire in November 2012, which killed 112 workers. Questions: 1. Who are some of the chains that supply “cheap… Read more »