Collapse of the Big Three America was once the leader and pioneer in the auto industry, a title that the country had for decades and a title that was so dear to America's heart that it was unfathomable to think that title might ever be lost. It's commonly misconstrued that America invented the automobile, when in reality that honor goes to German Karl Benz in 1885 (Rozema, 2010). "Americans did, however,

Many on Wall Street expected Schrempp to use his new-found liquidity to make an acquisition. It is worth noting that Schrempp always saw auto manufacturing as a global business. In addition to establishing an important beachhead in the U.S., he wanted to do the same in Japan. Shortly before the Chrysler merger he concluded a deal with Mitsubishi to acquire a significant minority stake in their stock. Schrempp must have

Internal Control Analysis Publicly owned and operated businesses have always been flashed an evil eye of suspicion by many corners of society but the depth and breadth of the scrutiny now bestowed is not a higher pitch than ever, and for two major reasons. The first reason is that the blogosphere, social media and the Internet and general has made it much easier to share and disseminate salacious information as well

Wal-Mart and Employee Rights Labor cost is always considered as the main issue, mostly in case of employees' unionization at Wal-Mart. This was noticed when Wal-Mart showed a remarkable earning at the rate of 44% per annum for its labor working on hourly basis. Another point which brought this issue ahead was when the sales clerk of Wal-Mart in 2001 earned wages below Federal Poverty Scale. According to an issue of

Technology Energy Efficiency The idea of electric cars, which run on big rechargeable batteries in opposition gas-powered internal combustion engines, has been around for years. But growing climate-alteration worries, tougher fuel-efficiency standards, billions in government subsidies, and a lot of venture capital seem to be generating a tilting point that could move electric cars from the transportation borders into the majority (The future of the electric car, 2010). An electric car by definition

Holley's (Chase, 2010) on grounds of dereliction of duty. If the State 'got paid' the same regardless of how many violations it prosecuted, that second dimension of moral hazard would overlap the primary incentive for producers to cheat. Adverse selection is often considered a result, rather than a cause of moral hazard, where offering a risk-bearing product creates incentive for demand by the riskiest consumers. Obvious modern examples include offering