Wells Fargo Fraudulent Accounts Scandal

Wells Fargo Fake Account Crisis

A crisis is defined as the perception of an unprecedented event/incident that threatens shareholders’ valuable expectations in relation to economic, health, environmental, and safety issues (Coombs, 2014). Since organizations operate in a challenging and highly competitive environment, they are likely to undergo crises. An example of an organization that has experienced a crisis in the recent past is Wells Fargo. The company recently experienced a scandal relating to fake accounts, which has plagued its operations for approximately a year. Given that the crisis is still ongoing, Wells Fargo needs to develop a suitable crisis management plan that will help resolve the issue. This paper focuses on examining the crisis using the three-stage approach articulated by W. Timothy Coombs.
Factual Summary
Wells Fargo fake account crisis is an ongoing scandal regarding the creation of millions of fake savings and checking accounts on behalf of its clients,…… [Read More]

Wells Fargo Collateral Protection Insurance Scandal

Wells Fargo Scandal
The Wells Fargo Collateral Protection Insurance (CPI) Scandal occurred as a result of the banking firm placing CPI on accounts even though the account holders did not ask for it or want it. It resulted in customers paying unnecessary and higher fees over a period of time. Wells Fargo was sued and agreed to settle the case out of court for approximately $400 million without admitting fault (Top Class Actions, 2019). The scandal, however, caused Wells Fargo to lose a great deal of reputation: customers began leaving the bank in droves and the firm suddenly found itself wondering how it had fallen and what it could do to shore up trust among customers once more. For years, the bank seemed happy to dupe customers with excessive fees, believing no customer would be sophisticated enough to realize just how he was being overcharged—but customers did catch on and…… [Read More]

Safeway and Wells Fargo Company Analysis Safeway

Safeway and Wells Fargo

Company analysis

Safeway Company remains a private company, which is listed on the New York stock Exchange being an American food and drug retailer. The firm is among the biggest supermarket chain retailers found in North America. The company has a solid supply chain of network partners, which facilitates manufacturing as well as distribution facilities. Presently the company seems to be operating under almost 13 unique brands found in the market. The company is listed as number 52 in the list with 1000 fortune companies. On the other hand, Wells Fargo is a company traded public and established by Henry Wells, William G. Fargo together with other associates. The founding of the company in that era was because of increased cases of stagecoach robberies. They concentrated on safely transportation of money from Nebraska all the way to California (Lorrayne, 2006). Currently, the company makes usage of…… [Read More]

Innovation at Wells Fargo Bank

Organizational Transformation

Identify, characterize the roles of incentives, training, and education in promoting innovation

Wells Fargo & Company is an American multinational company involved in the provision of financial and banking services to its clients across the U.S. The company provides incentives, training, and education to ensure the realization of its desired organizational objectives and innovation. Providing these incentives promotes organizational performance in various ways. Incentives are useful in stimulating the interest of the employees towards learning and innovation. Incentives act as an indirect method of recognizing the contribution of the employees towards the performance of the organization. As such, incentives make the employees have shared objectives. Providing training to the organizational employees ensures their learning. It imparts them with the required knowledge and skills required for executing organizational activities. Similarly, providing them with training ensures that the organization meets personal and professional needs of the organization (Kemerer, 1997).

In…… [Read More]

Fargo & Co In Detail It Puts

Fargo & Co. In detail. It puts light on the financial performance of the organization. The core products and competitive advantage of the organization have also been analyzed by the preceding paper. In addition to that this paper also highlights the SWOT analysis and the Porter's five forces model of Wells Fargo & Co.

Wells Fargo & Co.

Wells Fargo & Co. is a stable and renowned name in the banking industry. This organization has a commendable history of growth and success. Its mission and vision has enabled it to navigate successfully through the complicated and critical times of recession and economic downturn. It has been in the business since last many years and has gained a stable and prominent share in the financial and banking industry of the United States of America. (Amundson, 2011)

Company Background

Wells Fargo & Co. started operating officially in the year 1852. They opened…… [Read More]

Fargo NYSE Wfc Following the

The liabilities are subject to reserve requirements, however. This means that the bank cannot have more financial assets than it has liabilities. So debt utilization is an entirely different animal in the banking industry than it is in conventional industries.

Therefore, typical debt utilization ratios are of little relevance. Interest coverage is tied to liquidity, and is therefore not measured for banks. The debt-to-equity ratio is measured, however. For ells Fargo, this is 3.01. For Bank of America it is 3.97. The industry average is 3.28. The significance of this metric in the banking business is that the higher the ratio, the riskier the business. Another measure is the leverage ratio. This is at ells Fargo 12.0, versus 9.7 at Bank of America and 14.7 overall. Thus, both of these companies are less highly leveraged than the industry as a whole. ells Fargo has a lower debt-to-equity ratio indicating lower…… [Read More]

Fargo Diversity Within and Outside the Firm

Fargo Diversity ithin and Outside the Firm

ells Fargo's latest press release announces the appointment of Jimmie alton Paschall to the post of Executive Vice President for Enterprise Diversity & Inclusion ("ells Fargo names" 2011). This job oversees all aspects of the firm's and the firm's subsidiaries' employment and product diversity under ells' "Social Responsibility Group" as well as other Management Committee duties ("ells Fargo names" 2011). Chairman and CEO John Stumpf claims diversity is a "core value" for ells Fargo, which Ms. Paschall will promote and expand with her award-winning experience ("ells Fargo names" 2011). The March 2011 ruling that ells Fargo discriminated against minority homebuyers in Los Angeles, and pending suits in other jurisdictions, indicate Ms. Paschall will need all the experience she can draw on defending the bank against perceptions to the contrary.

hy is this important? Firms generally exist for the purpose of creating equity value…… [Read More]

Business Code of Ethics Wells

There is no mention of any higher level ethical ideals and is composed primarily of transactional or procedural items.

One item of interest found in the employees ethical code published by Wells Fargo, is that they have established what they call EthicsLine. This allows employees to contact an investigator (employed by Wells Fargo) to report any violations of the ethics code. The line is anonymous under most circumstances; only reports that involve criminal activity are require that the caller states any personal information. This allows employees an avenue to report any unethical behavior safely. This is extraordinarily efficient way to promote ethical behavior. However, Wells Fargo did not implement this item by choice; it is now required by corporations by comply with the Sarbanes-Oxley Act of 2006. Therefore, it is unclear if Wells Fargo would have this option if it was not required of them.

Ethical Violations

Wells Fargo has…… [Read More]

Overall Health in Fargo North Dakota

Care of Vulnerable Populations

COMMUNITY ASSESSMENT, ANALYSIS, and NURSING INTERVENTION

• Week 1: Windshield Survey and Key Informant Interviews. Complete the First Section of the course template and submit. (Keep this section attached to Weeks 2 and 3 assignments.)

• Week 2: Statistical Analysis of Community Health Problem. Complete the Second Section of the course template and submit. (Keep this section attached to Weeks 1 and 3 assignments.)

• Week 3: Community Health Nursing Intervention. Complete the Third Section of the course template and submit. By now, you should have Sections 1-3 as one whole document.

• Each section of the course template is submitted on a WEEKLY basis, depending on which week you are working on. DO NOT wait to submit all three sections at the end of the third week.

• Please note that students are not to make any changes to the content of the course template,…… [Read More]

Pacific Coast Banking School the Premier National

Pacific Coast Banking School

The Premier National Graduate School of Banking™

Credit Risk Management Extension Assignment Grade Sheet

Group a: Due February 23, 2012

FOR GRADER USE ONLY:

Graded by Christine Corso for John Barrickman

GRADE:

CREDIT RISK Management

Extension Assignment

2011 Session Instructor:

John Barrickman

Group A: Due February 23, 2012

Biographical Summary

Add a brief biographical paragraph about your background

Certificate of Originality

"I certify that this paper represents and contains my own work. I have placed all quotations from other sources in a form to indicate that they did not originate with me and I have cited the work from which the material was taken. I have included footnotes for all information and ideas that I have taken from other sources. I have not shared and will not share my completed work with any other PCBS student nor have I read the completed work of any other…… [Read More]

Professional Accomplishments He Was a College Dropout

Professional Accomplishments

He was a college dropout that slept on his friend's dorm room floor, returning coke bottles for five cents a bottle and walking seven miles across town every Sunday night to get a meal at a Hindu temple. As one of the pioneers of Apple Computers, a multi-billion dollar corporation, Steve Jobs has used his drive, ambition and passion to fuel his professional accomplishments.

When I first started at Wells Fargo as a teller, I made about the same as a high school babysitter. Undeterred, I put my best foot forward, cultivating customer relation skills and basic accounting principles to move forward- like Steve Jobs, I aspired to be something more. Over my 16 months at Well Fargo, my aspirations bore fruit in the form of four promotions, when making twelve dollars was no longer the standard and a base salary took its place. Simultaneously, I earned my…… [Read More]

Optional Personal Statement My Experience

While in school, I was brought back on with the boutique investment firm as a consultant to help facilitate a number of their current projects.

While I have always valued the idea of having a college education, it has not always been easy for me to pursue due to a learning disability. My struggles with this disability in college have been quite challenging and it has taken me years of frustration and hard work -- as well as a lot of self-understanding -- to learn how to not only cope with these struggles, but to be able to rise above them. The struggles with this disability have tested my character and have made me a stronger person, which I am very proud to say.

Despite the fact that I have struggled with this learning disability, it has not held me back in the workforce. I am very proud of my…… [Read More]

Personal Statement -- Advanced Generalist

Insomuch, I have worked closely with customers on a myriad of issues to ensure their needs were met. Such concern for my constituents has transcended to an elevated level of service for individuals in the healthcare field.

Additional Information for Consideration

Although I may not be a traditional candidate, I have always worked hard to attain my goals. egardless if goals seemed to be unreachable, I have always persevered in the most trying of conditions. Pierce (2003) defines nursing quite well, "Nursing is the protection, promotion, and optimization of health and abilities, the prevention of illness and injury, and the alleviation of suffering through the diagnosis and treatment of human response and advocacy in the care of individuals families, communities, and populations. Moreover, nursing addresses the organizational, social, economic, legal, and political factors within the healthcare system and society. These and other factors affect the cost, access, and quality of…… [Read More]

Joe's Sports a 50-Year-Old Sporting-Goods Retailer With

Joe's Sports, a 50-year-old sporting-goods retailer with stores in Washington, Oregon and Idaho, who filed for bankruptcy protection recently. The company began when "Edward Orkney, a World War II veteran, began selling Army surplus sleeping bags from the back of a station wagon in Portland" (Martinez, 2009). It grew to a chain of 30 stores with over 1,600 employees, and was considered successful until the economic downturn that began in 2008.

The company claims up to $500 million in debt, and there are several of its creditors who are uninsured and facing steep losses, such as Columbia Sportswear, another Washington company, who is owed about $888,300. They owe about $12.8 in total to all their creditors. The company did secure some funding from Wells Fargo etail Finance so it can continue to operate and pay its employees as it attempts to reorganize and again become profitable. The President and CEO…… [Read More]

Red Hat's Financial Statements Reveals

J. Heinz Company

Strengths: it is short and concise; it is constructed in a formal means which also uses specialized language to promote the company's commitment to customers and employees.

Shortcomings: it lacks an introduction and it does not mention the well-being of other categories of stakeholders aside customers and employees

(5) Chevron

Strengths: offers detailed input on the company's visionary goals; includes several categories of stakeholders

Shortcomings: it is rather long and too detailer, creating as such the possibility for the reader to lose interest and not remember what he read; seems explicative and responsive to the criticism of environmental threats to which the company has been subjected.

ank of vision statements from best to worst: I (4); II (1); III (2); IV (5); V (3)

eferences:

ed Hat 2009 Annual eport, http://files.shareholder.com/downloads/HAT/763006950x0x304106/3145E646-AE56-4FE1-9C59-B79F4491C4C5/FY09_Annual_eport_on_Form_10-K.pdf last accessed on November 2, 2009

2009, ed…… [Read More]

Communications Skills to Solve Problems They Are

communications skills to solve problems they are likely to encounter in the workplace.

Communication is the process of sharing information, expression, feeling, and thought between two or more people. Effective communication plays an important role in the organizational development, and communication forms an important constituent of every aspect of an organization. To maintain good working relations, it critical for the entire workforce to communicate with one another to enhance coordination, as well maintaining good working relations.

Evidence of communication skills is the ability of an individual or business organization to persuade and negotiate within business environment. Persuading and negotiating is one of the important aspects within business environment. Arriving at a concrete agreement within a business environment involves using effective communication skills. Persuasion involves ability to convince others to reach appropriate course actions, while negotiating involves ability to reach a mutually satisfactory agreement.

eflective Practice

Evidence of communication skills is…… [Read More]

Online Banking and Bill Payment

exchange of currency have proliferated the Internet marketing world. Customers have faster and easier access to methods of exchange, deposits and payments, than ever before and the changes have come rapidly as more and more Internet commerce demands more and more ease of exchange. A global economy requires global economic infrastructure solutions to exchange of funds and to a large degree the Internet market has answered the call for change and availability of services. Yet, the substantial growth of Internet sales has also, arguably caused the growth of subsystems and infrastructural shifts that might not have been implemented with full knowledge of the implications of such actions. With security at risk and issues of currency exchange rates, not to mention global monetary regulations consumers must be aware of the type of services they are using and the way it might affect the efficacy of their transaction.

Internet Marketing not only…… [Read More]

Nordstrom Market Structure the Market Structure of

Nordstrom

Market Structure

The market structure of the retail industry is that of monopolistic competition. As its name suggests, monopolistic competition is an environment composed of a large number of firms each with a portion of the market. The firms in this type of market structure have similar products but they are differentiated in some way. Nordstrom's for example has private brands that only Nordstrom's can carry. These brands include Hotel Collection sheets, Martha Stewart cookware, Psycho Bunny for men, INC brand clothes for women, and much more. Even though these product offerings may be similar to competitors in regards to color or value proposition, they are differentiated by the fact they are only offered at Nordstrom's locations. Furthermore, there are many firms competing within the retail environment. For example, Nordstrom's must compete with JC Penny, Target, Wal-Mart, Dillard's, Sears, internet stores, and many other outlets. All of these competitors…… [Read More]

Leadership tools and being fair

.....efficacy and standing as the basis of leadership styles. Those three prompts, in the order in which they will be discussed, are communication, task management and the driving of results and integrity and trustworthiness. While these items are collectively quite good in terms of being the basis of leadership styles, they should indeed be part of a wider collection of ideas and should not be left to stand on their own.

Communication

On its face, communication is a good thing to focus on and have as part of a leadership brand and system. At the same time, however, too much of any good thing can indeed be a bad thing. Indeed, meetings and reports should not be overly verbose and common. Emails should be done in a focused way and should not end up with people being inundated and blitzed with a ton of words. Going too far with communication…… [Read More]

Business Management

business management, there are a number of different issues that will be faced on a regular basis. To fully understand the overall scope of the challenges and the most effective way to resolve them requires looking at a variety of sources in annotated bibliography. Once this occurs, it will provide us with specific insights about the how these issues can be effectively rectified.

Goldstein, A. (2009). Sticks, Stones and $600 Hammers. Journal of Content Management, 33 -- 40.

The article that was written by Goldstein (2009), talks about the negative perceptions that government procurement programs and contracts have received over the last several years. Part of the reason for this, is because there have been considerable cost overruns for the most mundane items. At the same time, the increasing amounts of spending have meant that these actions are continually brought into focus. To deal with these issues, there have been…… [Read More]

Stock Track Analysis Over the

It is expected that the bond will mirror the performance of the S & P. 500. ("Transaction History," 2010)

November 24, 2010

On November 24th several more new purchases would take place to include: General Motors, erkshire Hathaway, the Fidelity Immediate Government Fund and the Strategic Advisors Income Fund.

Stocks

General Motors was selected, because it could help to provide the portfolio with above average growth. The results were that that stock would see an increase of 1.4%. ("Transaction History," 2010)

erkshire Hathaway was purchased to provide the portfolio with stability and diversification. This investment is expected to outperform the major market averages. The results were up .96%.( "Transaction History," 2010)

Mutual Funds

The Fidelity Intermediate Government Fund was selected because of their focus on medium term Treasury investments. This is expected to underperform the market averages. The results were that the position declined by 2.55%. ("Transaction History," 2010)

The…… [Read More]

Corbin Pacific Case

Business Plan

COBIN - PACIFIC

Corbin Pacific, Inc. is a California-based company, whose mission is to produce best motorcycle accessories in the world through innovative designing and high quality manufacturing with a customer oriented approach.

Mike Corbin, Founder and President of the company started this company back in 1968 by producing motorcycle seats in his garage. Over the past three decades, the company has come a long way. It now has more than 90% market share in the motorcycle accessories. Its product line includes motorcycle seats (also called saddles), bags, fenders and other small accessories of a motorcycle. The company has a patent on using 'integrated molding technology' to manufacture motorcycle seats.

In 1998, its annual revenue was over $15 million and employed 154 associates. The company has its offices and manufacturing plant in Hollister, California with a major showroom in Daytona Beach, Florida..

Since its inception, Corbin-Pacific has identified…… [Read More]

Amazon vs Ebay

Comparing Amazon and eBay is really like comparing apples and oranges. The two, while appearing to be the same on the surface, are really nothing alike once the superficial labels are peeled off. eBay began as a C2C ecommerce site -- consumers selling to consumers. That gradually morphed into B2C as businesses (from big time car lots to small business owners) saw the advantage of posting items on eBay in order to boost sales. Amazon may appear to the untrained eye to follow in eBay's footsteps by offering a web-based platform where all sorts of sales strategies can be employed: C2C, B2C, B2B -- and yet Amazon's ability to dominate the online marketplace has not resulted in significant income -- at least not from this particular eBay-like niche. (Minus the platform, the two are not even similar in terms of how products are sold: eBay offers bidding and direct correspondence…… [Read More]

Rhetoric of Explanation a Trend in Technology and Society

Technology and Society

All print media including books, newspapers and magazines are in deep trouble today thanks to new developments in technology, as are traditional methods of classroom instruction and school curricula. To that extent the Internet can be described as a revolutionary invention that has altered and transformed the way information is presented and conceived. Individuals are learning and creating innovative ways to contribute to relevant knowledge at an excessive speed, and the estern world has become dependent on this technology and also more aware of its negative side. hether the technology in our surroundings is causing human beings to become distracted, affecting our communication skills, or making them stupider is a question that has to be addressed.

This memorandum will describe these issues of trivialization and the 'shallow-ing out' of contemporary American culture, most of which are either as deliberately exaggerated and sensationalized as the Internet itself or…… [Read More]

Comparison of Successful and Unsuccessful Leaders

Successful and Unsuccessful Leaders

Coach K. and John Stumpf are leaders that have used differing styles of leadership. On one hand, Coach K. uses a transformational leadership style whilst Stumpf uses an authoritative style of leadership. Stumpf employed a controlling and intimidating technique whilst Coach K. uses a more interactive and relational approach. Coach K. has been a successful mentor and coach over the years by having good and healthy relation with his subordinates. Employees in Wells Fargo had a poor relation to John Stumpf as he failed to consider the perspectives of the employees. John Stumpf utilized his power and influence within Wells Fargo to change the behavior of personnel to conform to his controlling and authoritative culture. Coach K. uses his influence to not only be a leadership teacher and also coach, but also in people development. Taking these aspects into consideration, Mr. Stumpf is considered to be…… [Read More]

Lock Box Services How Does a Lockbox

Lock Box Services

How does a lockbox work for a bank customer? There are several advantages that are available with a lockbox system, including being able to access funds more readily, and for a business it means getting checks into accounts seamlessly and quickly, and earning interest on payments made by check that would otherwise be waiting for the checks to clear.

ells Fargo lockbox service

The ells Fargo bank launched a pilot lockbox program in the early 2000's that allowed certain banks to process checks electronically. It was an innovative electronic process that was designed to be a simple way to offer "flexible remittance processing" that offers the following services: a) it reduces outstanding sales for any given day; b) by automating manual processes the threat of theft, error and fraud is reduced; c) from a person's laptop or desktop computer, account information is readily available; and d) a…… [Read More]

People Development

Management's Role In ringing About est Practice Approaches To People Development

Humans are our greatest asset, but a constant challenge is to recognize that fact within an organization and to bring about best practices methods of achieving the greatest contribution from the human assets.

This paper will examine the methods by which the most can be taken from human assets and the ways in which people development can peak.

Management style and thought is, contrary to popular belief, one of man's oldest areas of study. One of the earliest recorded examples is Confucius himself who in 500 .C. attempted to persuade the feudal kingdoms of ancient China that a successful and powerful leader had to be humane, benevolent and just. Needless to say, it took his ideas a significant amount of time to catch on.

ut Confucius was in this respect, as in most respects, phenomenally ahead of his time.…… [Read More]

The Effectiveness of the Hedgehog Leadership Conccept

Leadership Using the Hedgehog Concept

Collins was not incorrect in the way he described the leadership at Wells Fargo. When Collins and his research team were carrying out the research, the relied on interviews and newspaper articles plus the performance of the company on the stock market. All this combined resulted in their assumption that the leadership and change in strategy by Wells Fargo was resulting in the increase in stock price. It is true that for a company to become a great company it needs to identify the three things pointed out by Collins (2001) namely what is the company good at, what drives the company, and what are employees passionate about? Wells Fargo managed to identify all these three things and discovered that in order for it to increase investor profits it needs to change its business strategy. Changing the business strategy did have the expected results, and…… [Read More]

Terrorism in the United States

Author Negr n notes, "Hundreds of FBI agents sealed off the town of Hormigueros, Puerto ico, where Ojeda lived with his wife. The FBI surrounded his house and opened fire, killing him. He was 72 years old" (Negr n, 2005). Ojeda had been a fugitive since he jumped bond after the Wells Fargo obbery, and he had still been active in independence organizations, including the Macheteros, and his death helped bring some of the former members closer together in a more cohesive unit, as their continued existence even today indicates.

In conclusion, this terrorist organization did not threaten the United States mainland as much as it threatened Puerto ico, but they targeted American servicemen and government officials, and Puerto icans that supported the U.S. Government, so they seemed to pose a threat to the country. The FBI weeded most of the group out in the 1980s, but the independence movement…… [Read More]

Predatory Mechanisms of Business

predatory business practices seen in today's business environment. It will also analyze whether the borrower or debtor ought to bear any responsibility, in such instances.

Specific Examples of Predatory Practices by Businesses

In 1993, Wal-Mart was accused of predatory pricing practices, in items like mouthwashes, toothpastes and nonprescription medicines, and tried by an Arkansas court; three independent drugstores filed a lawsuit that the largest retailer in the nation sold items below their cost for stealing rival stores' market share. The retail pharmacies situated in Conway asserted that the retail giant's Conway superstore caused their businesses to suffer (Multimedia, 2015). They claim that the retailer violated the Unfair Practices Act of the Arkansas Code, which prohibits selling of goods below cost to injure and destroy competitors. The complainants asked for 1.1 million dollars in damages. Wal-Mart did, at court, admit to selling certain goods at below- cost prices, but argued that…… [Read More]

Recession a Mirror Recession Has

"Construction -- which was a substantial component of investment -- fell because the housing stock exceeded the demand after 1925. " (Temin 9) Termin goes on to say that

Consumption fell because wages, other income, and capital gains all fell, with the fall in wages having the largest effect. Business investment fell because profits fell and -- to a lesser extent -- because the yield on equities rose. Residential construction fell because the stock of housing four years previously was high. Inventories fell because sales fell. But wages, profits, and sales all fell because consumption and investment fell." (Temin 49)

All of these cascading events could and to some degree are occurring today and the cascading effect will likely result in economic fears and realities, "…under freely-competitive capitalism, periods of boom and overproduction were followed by downturns which 'corrected' prior imbalances via falling prices" (Burkett 60) All of the economic…… [Read More]

E-Banking Its History and Current

Third is a series of passwords and personal information chosen by the customer. On top of this they guarantee customers that if they are victims of fraudulent activity on their Egg accounts, any losses are covered in full. "This has never happened," says Andrew. "There has never been any breach of internet security." ("- -- : Safety Net for" 2001:44)

Again internet and bank security are largely overexagertated yet they are occurring more frequently all banks and many other institutions are taking daily active precautions to reduce risk to customers and they are largely successful in doing so Electronic banking can take many forms. A recent trend that is a direct threat to banks is the development of e-money which takes the jurisdiction of stored financial value away from banks. The trend is growing as an alternative way in which to do online commerce transactions without utilizing bank systems including…… [Read More]

Economic Stimulus Banking Firms and

These can include the stimulus package, though, because the Obama Administration is still offering stimulus dollars to banks and other companies that need help and cannot take care of their customers in the way that they used to and preferred to.

Figure 1: How Severe is the Subprime Mess?

Obviously, the subprime mess is a serious concern for everyone. The stimulus package was designed to help the banks and the people who borrowed from them with the fact that they could not pay for the debts that they had created for themselves. That was true for the people who had mortgages, and also true for the banks that loaned money to these people. The stimulus package was designed to help them both out so that they could take care of their debts and move forward again. However, the economic stimulus package has not fixed everything that was hoped. There are…… [Read More]

Marketing in Banking the Topic Being Researched

Marketing in Banking

The topic being researched for this doctoral work is marketing in the banking industry. Before delving into the research too much for this topic, the researcher will first enumerate the goals that are to be attained. These goals, as also suggested by the parameters of the assignment, include meeting proper validity and reliability standards, avoiding bias, not posing hypotheses or ideas that are self-fulfilling prophecies or that have desired answers on the part of the researcher. There is also the consideration of using critical reasoning and strong logic skills so as to avoid making conclusions that are not supported by the evidence and/or that are completely contradicted by that same evidence (Leedy & Ormrod, 2010).

eliability & Validity

eliability and validity are two hallmarks of any good research and they must both be satisfied for the research outcomes to have any staying power or good ongoing reputation…… [Read More]

Future and Global Population Growth

Real Estate Ethics and Fraud
Introduction
Good ethics is a key necessity in any given profession. Ethics takes into account a system of moral guidelines governing the suitable conduct and actions of an individual or a group. Notably, ethical standards are centered on an individual’s belief of what is right and what is wrong versus the legal benchmark, which is basically, what is written down in law. In essence, ethics can be explained as the moral principles and criteria that steer individuals on what they ought to do and ought not to do. Chiefly, the law orders what persons is and is not permitted to do. Sustaining good ethics is being in line with the principles of correct moral conduct in an incessant manner (Walker and Ivanhoe, 2007).
In spite of the requirement for all real estate professionals to be ethical, real estate fraud is a reality. Real estate fraud…… [Read More]

The Diversification Strategy of General Electric

Diversification

General Electric has long worked within a conglomerate structure that gives it a significant amount of diversification. The company breaks down its diversification in its annual reports. GE earned $148.6 billion in 2014, coming in the following segments:

The largest group is GE Capital, which itself has a high level of diversification:

The company's diversification approach is generally strong. First, GE has done this for decades and is therefore more familiar with running a conglomerate than most companies. There is a historical competitive advantage that comes with this. As one of the first conglomerates, GE has always been attractive as a place for the world's best executives, and it continues to draw in top level executive talent on account of this. Further, GE is fairly ruthless with respect to what businesses it wants to be in. The company explicitly states that they only want to operate in businesses where…… [Read More]

Consumer Financial Protection Agency This

Potential Concerns about the Consumer Financial Protection Agency

Despite the multitude of benefits revealed by the CFPA, commercial banks and mortgage lenders continually present their growing dissatisfaction with the act. epresentatives of this side include reputable organizations such as JP Morgan Chase or Wells Fargo, as well as a series of independent mortgage brokers and mortgage lenders and local and regional banking institutions. Their most compelling reasons for the dismissal of the Consumer Financial Protection Agency are succinctly presented below:

1. The banks feel that there is no real necessity for new regulatory legislation as the economy is already showing sighs of recovery; these financial institutions feel that the resources would be better spent otherwise. Additionally, the CFPA does not introduce any real new elements, but politically enforces the lessons already learnt from the economic crisis

2. The state could abuse its power through the Consumer Financial Protection Agency in…… [Read More]

Race and Community Your Community the Community

ace and Community

Your Community

The community in which I have lived for the past several years of my life is Sioux Falls, South Dakota, a relatively agricultural community that combines some major metropolitan features with a distinctive suburban flair. Traditionally, this community has not been noted for its racial diversity, as the vast majority of its residents are Caucasian. According to the United States Census Bureau's information as of 2009, 87.9% of all Sioux Falls residents were Caucasian, while the next highest population group, the population of American Indian and Alaskan Native persons, merely constitutes 8.5% of the city's residents (State and County, 2009). The percentages of populations are comparatively non-existent following the aforementioned group, as 2.9% of the city's inhabitants are Hispanic or Latino in origin, 1.2% of people reported their ethnicity as being Black, .9% of residents are Asian and .1% of the city's inhabitants are native…… [Read More]

Economic Crisis the Origin and

As Taibbi shows, it is not easy: "I'm going to say something radical about the Tea Partiers. They're not all crazy. They're not even always wrong. hat they are, and they don't realize it, is an anachronism. They're fighting a 1960s battle in a world run by twenty-first-century crooks" (Griftopia 16-17). Taibbi makes clear that the Tea Party is not even homogenous: it is made up of a broad spectrum of individuals (some of whom do not even want to be called Tea Partiers) who are angry and looking for someway to focus their anger.

In conclusion, recouping the losses is not an easy thing to do. hen a company like Lehman Brothers can be allowed to collapse while their competition (Goldman Sachs) can be bailed out by tax payer dollars, citizens are going to start wondering how their country got to such a point in the first place. Taibbi…… [Read More]

Banks Find New Ways to Ease Pain

Banks Find New Ways to Ease Pain of Bad Loans describes the various ways banks holding large amounts of bad, or soon to be bad loans are, in effect, hiding these bad assets. For instance Astoria Financial Corp. extended the number of payments a customer had to miss before the loan would be listed as "nonperforming." By extending the number of missed payments from two to three, Astoria wiped close to $40 million off it's books. Well Fargo did a similar thing by extending the number of days a customer had to miss payments from 120 to 180 before writing these loans off. Bank Atlantic Bancorp tried something a bit different, they created an entirely new subsidiary and transferred $100 million of troubled loans to this new subsidiary. They managed to simply erase the bad loans from their books while avoiding federal regulators by creating a new subsidiary that was…… [Read More]

Media Policy Liberty Security and the Future Response to Terrorism

shifting seas of global social consciousness and worldwide political hierarchy have only recently brought the word 'terrorism' to the quotidian mind of Americans, it has long enjoyed a cemented place in the construct of civilization. Daily associations between the word terrorism and the frightening images of gore and destruction rampant on the 24-hour news networks affirm the complicated understanding of terrorism in the modern world; bombings on an Israeli bus, explosions outside a Pakistani supermarket, and subway atrocities mingle with recent memories of the World Trade center and recollections of the bloody IRA, Black Liberation Army, and Basque independence movements. Personal reaction and affiliation to the events, movement, and goals of each group's paradigm resonates inside a loose definition of political violence, while governmental response is chiseled, monochromatic, and decisive. While the motives and end-results always differ, the path to terrorism is marked by similar goal posts. These similarities and…… [Read More]

Bail Out Homeowners Instead of Banks

all Street Bailout -- Part II

all Street Bailout

The government-orchestrated bailout of the banks has been hailed and yet also condemned due to its perceived efficacy or lack thereof. Jeffrey Fuhrer suggested a path that was a lot cheaper and perhaps a lot less encouraging and propagating of the bad habits of banks and government entities that led to the crisis. This alternative, of course, was the individual homeowner bailout. Indeed, bailing out homeowners directly would have cost a mere fraction of what it did indeed cost to bail out Citibank, ells Fargo and the other banks. However, neither solution alone has a clear advantage over the other when looking at all relevant circumstances. hile doing a homeowner bailout would have had its merits, doing just the bank or homeowner bailouts individually probably would not have been as effective as doing them both in concert.

Analysis

This report will…… [Read More]

Ghost Towns

colorful period in America's remarkable early history is the gold rush era. In the late 1800's the discovery of gold triggered a flood of immigrants into the country, all intent on making their fortune. These miners shaped the early history of America, and created a great deal of the legend that surrounds the era of the "ild est." hile some of the legends of lawlessness and debauchery are clearly exaggerated, life in the mining towns of the gold rush era was clearly rough and ready.

This paper will examine life in the mining camps of the gold rush era. This will include a look at the people who made up the camps, the general atmosphere, as well as prostitution, gambling, general lawlessness, and the role of religion within the mining camps. The demise of the mining camps will be examined in the context of the development of the railroad and…… [Read More]

Quantitative and Qualitative Analysis of Google Glasses

Google Glasses

The digital world of communications that we are now living is not only the making of its creators; it is not without the active connivance of, if initially tentative, acceptance of we, the users. The creators of this digitally contrived world are very good at reading the human race in that, which eventually comes around to accepting and adapting to things that are thrown hard at it (Miller, 2013). This adaptability and flexibility has been taken advantage of very subtly. The first few tentative steps that humans take slowly gain in strength and eventually the distrust gives way to acceptance, and eventually confidence. What naturally follows is a warm hearted embrace and soon addiction results. A full-fledged dependence is only a matter of time, thence. This a stage most well suited for the advertisers and marketers where they move in to make the most of the situation and…… [Read More]

Analyzing and Assessing the WACC

WACC

Column Table Displaying Companies and their WACC

Company

Brief Description

WACC

Bank of America (BAC)

Bank of America is deemed to be one of the world's largest financial institutions and among the best wealth management companies in the world. According to the company's annual report, its banking as well as nonbanking divisions provide and supply a wide-ranging set of financial product and services through 5 primary business segments. These are categorized as Global Wealth and Investment Management, Consumer and Business Banking, Global Banking, Consumer eal Estate Services and Global Markets (Bank of America Corporation, 2014).

Qualcomm Incorporated (QCOM)

Qualcomm Inc. has come to be one of the major players in mobile technology and innovation. The company concentrates in the areas of creating mobile semiconductor chips, 3G, 4G as well as Code Division Multiple Access (CDMA). In the past of years, Qualcomm Inc. has been a prevailing force in the…… [Read More]

ECIG and a Business Analysis How it Can Improve

Electronic Cigarettes International Group (ECIG) is an international producer, distributer and retailer of e-cigarettes, e-liquids, and vaporizers with outlets and kiosks in several countries around the world as well as online stores. The company has steadily been growing over the past two years with sales approaching $20 million per quarter in 2016 (SA Transcripts, 2015).

Dan O'Neill replaced Brent Willis as CEO and President of ECIG on January 9, 2015. Dan O'Neill's record of experience as CEO of Molson's and top leadership positions at Heinz and Star-Kist suggests that ECIG is positioned under uniquely qualified leadership for the first time since its creation (it was under Willis that company's share price plummeted to its current record lows). With the reduction of debt and the one-time write-off of losses taken by O'Neill in his first year as President, the company has pivoted for better years (Hoogervorst, 2012).

The electronic cigarette and…… [Read More]

Projections for a Start Up Vaping Business

Vape Nation Business Plan

Company Identification

Mission of the Company

Business Goals

Keys to Success

Company Summary

Industry History

Legal Form of Ownership

Location and Facilities

Management Structure

Products and Services

Market Analysis

Target Market

Industry Analysis

Market Strategy

Price List

Promotional Strategy

Sales Forecast

Implementation Strategy

Overall Strategy

Monitoring Plan

F. Financial Statements and Projections

F1. Forecasted Profit and Loss Statement

F2. Forecasted Balance Sheet

G. Financial eport

G1. Financial Projections

G2. Financial Position

G3. Estimated Capital/Investment Needs

Executive Summary

Suggested length of 1-2 pages

Company Identification:

Vape Nation, based in the U.S. in California is national start-up that expects to compete in the emerging vapor industry, utilizing vaping technology, e-liquids, and e-cigarettes to market itself to local, national, and online customers.

A2. Mission of the Company:

The mission of Vape Nation is to create brand awareness, brand loyalty, and capture market share in the emerging vaporizer market.

A3.…… [Read More]

Interest Rate Currency

China announced on Oct. 28, 2004 the first interest rate rise in nine years. In this manner, Beijing is showing its willingness to adopt additional market-oriented reforms in order to have a tighter macro-economic control on the already overheated economy. Although the news regarding the evolution of the Chinese interest rate were contradictory, it would appear that North American economists are welcoming this interest rate increase.

The Chinese economy is rapidly becoming one of the most important in the world, with an annual 8% growth-rate, constant expansion in the preceding years and a history of twenty years of economic reforms. The global economy and especially neighboring countries such Taiwan and Hong Kong are feeling the pressure of the Chinese machine. Investors have made public their fears, since April 2004, that the economy will overheat and are now expecting the austerity measures by the Government to slow the growth and provide…… [Read More]

Big to Fail the Phrase Too Big

Big to Fail

The phrase "too big to fail" is a term used to describe certain institutions that are so large, interconnected and significant to the American economy that their failure would be disastrous. Because of this perception American public policy has evolved into government support for these institutions when their frequently poor management, greed, and risk-taking behaviors put them in jeopardy.

A partial list includes: Fannie Mae, Freddie Mac, AIG, General Motors, Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, GMAC, Chrysler, Goldman Sachs, Morgan Stanley, Bank of America subsidiaries (Countrywide), U.S. Bancorp, Capital One, Regions and SunTrust.

The issue of taxpayer funded bailouts for institutions deemed too big to fail is one of the most controversial subjects that can be brought up. Bailouts for U.S. automakers like GM and Chrysler can at least be credited with saving jobs of U.S. employees. By preventing massive layoffs, bailing out these…… [Read More]

Managing Operating Exposure and FX Risk at

Managing Operating Exposure and FX isk at Nissan:

Global businesses are usually exposed to financial risks like currency volatility. The foreign exchange risks, which are commonly known as FX risks, have significant effects on all aspects of a global company. Notably, the foreign exchange risks affect firms across various industries including the automobile industry. In this industry, the operations and manufacturing processes of auto makers are usually affected by currency fluctuations. An example of a global firm in the automobile industry that has been involved in managing the foreign exchange risks and operating exposure is Nissan.

In 1999, Nissan was in a death spiral as the firm was experiencing heavy losses, carrying massive debts, and has a bad reputation. During this period, Carlos Ghosn was appointed as the Chief Executive Officer in order to help save the company that was sinking into further challenges and complexities. In attempts to rescue…… [Read More]

Personal & Organizational Ethics Personal and Organizational

PESONAL & OGANIZATIONAL ETHICS

Personal and Organizational Ethics Values for, for-Profit and Non-Profit Organizations

Ethics is a requirement of the society to both individuals and organizations. Ethics are applied to business and personal behaviors, and are used to determine how companies and individuals abide to policies. To indicate the application of ethical principles in organizations, an analysis is carried out of For-Profit and Non-For-Profit organizations, in this case Bank of America and Boys Club of America. This is by analyzing an ethical dilemma they are experiencing, their approach to the problem, and the legal, political, and social outcomes emerging from this cause of action.

Part One

The Boys Clubs of America is a non-for-profit organization founded in 1860s in Harford, Connecticut Formed with the aim of giving boys who roamed the streets a positive alternative. The club has undergone major changes beginning in 191 when several boys' clubs affiliated to…… [Read More]

San Fran Court Observation Court

5% of capacity. The court condemned California governor Brown for insisting that mental health services were not compromised in California prisons due to prison over-crowding.

Your Remarks: Largely a continuation of a prior event, but a worthwhile development nonetheless. Basically, it's a matter of some people in California government having a spat with the courts regarding whether inmates are being treated and otherwise processed effectively given the significant overcrowding in California prisons.

Court Visited: Northern California District Court

Day/Time: April 11th, 2013

Judge: Robert Seeborg

Plaintiff: Joe Quirk

Defendant: Sony Pictures

Issue: Copyright Infringement Accusation

Holding: Summary judgment was given to Sony Pictures and Mr. Quirk's accusations about copyright infringement was dismissed. The ruling was justified on the grounds that Quirk's claim was inherently flawed and that copyright pertains to "expression, not ideas."

Your Remarks: Pretty common nowadays for an obscure/starving artist to claim that a big-time motion picture was…… [Read More]

Decision-Making Is One of the

" To that end, the Treasury Department would limit executive compensation for institutions receiving "exceptional assistance" (Geithner and Summers, 2009).

Troubles continued in the financial sector -- both Citigroup and the Bank of America needed second rounds of capital infusions, and federal guarantees against losses totaling tens of billions more -- while Ben S. Bernanke, the Federal Reserve chairman, warned that more capital injections might be needed to further stabilize the financial system. On Jan. 16, the Senate voted 52-42 to release the second round of funds (Gerth, 2009).

THE GEITHNER PLANS -on Feb. 10, Mr. Geither presented the rough outlines of the Obama administration's plan. A central piece of the proposal would create one or more so-called bad banks that would rely on taxpayer and private money to purchase and hold banks' bad assets. Another centerpiece of the plan would stretch the last $350 billion that the Treasury has…… [Read More]

Bailout as the Subprime Crisis

hat is less certain is the benefits of the bailout -- those can only flow from taking advantage of the bailout to restore credit markets and prevent a repeat of this financial crisis in the future.

orks Cited:

Baker, Dean. "Subprime Rescue Plans: Backdoor Bank Bailouts." (2008): 9 pages. EconLit. EBSCO. 10 May 2009

Mishkin, Frederic S. "How Big a Problem is Too Big to Fail?" (2006). 18 pages. Journal of Economic Literature. Vol. XLIV (December 2006) pp.988-1004.

Glasberg, Davita Silfen, and Dan Skidmore.. "The Dialectics of hite-Collar Crime: The Anatomy of the Savings and Loan Crisis and the Case of Silverado Banking, Savings and Loan Association." American Journal of Economics and Sociology 57.4 (Oct. 1998): 423-449. EconLit. EBSCO. [Library name], [City], [State abbreviation]. 10 May 2009 .

Manchester, Joyce, and arwick J. McKibbin.. "The Macroeconomic Consequences of the Savings and Loan Debacle." Review of Economics and Statistics 76.3 (Aug.…… [Read More]

Business Ethics Recognizing and Resolving

The Bank CEO's ole in Defining Ethical Integrity

Based on a thorough review of existing literature of the role of ethics in the banking industry, the role of the CEO as the ethical leader of their organization is next discussion. Based on the concepts presented in the paper to this point as the foundation, these key points provide insights into how CEOs and senior management actively shape the ethical standards of the organizations they manage on behalf of shareholders.

isk Management Is a CEOs' Ethical esponsibility combination of forces -- changing regulatory expectations that open companies up to intense levels of examination, heightened stakeholder sensitivity to and scrutiny of corporate behavior, and the severity of punishment by financial markets for corporate missteps -- push reputation and ethics management onto the CEOs' and senior managements' agenda. The paradox CEOs face is when to risk the reputation and brand of the company…… [Read More]

Firefighters Structural Analysis and Design

Obvious concerns, such as when a firefighter entering a high-rise building loses communications with his team because tall buildings are not conducive to radio wave transmission and therefore do not allow firefighters' radios to work properly has not been addressed during the recent trend of building higher and higher.

Even something as simple as an external fire on a high-rise cannot be defended with the conventional firefighting techniques used throughout history. Unless helicopters or airplanes are deployed, a simple fire on say the 75th floor could wreak havoc. These concerns regarding safety and building size were logged from fire service representatives long before September 11th. As early as 1995, retired Fire Chief of the FNY, Vincent unn wrote that the World Trade Centers were lacking proper evacuation avenues and that if the buildings ever encountered a serious fire, existing procedures would be useless and that people above a certain threshold…… [Read More]

Newton Lisa Elaine Englehardt and

The American objection to Just Cause is deficient. upposedly, the American system of private property and freedom of contract rests on fairness and autonomy. This contradicts their practice of contract at will. Just Cause should be practiced on two counts: firstly, it is more ethical -- it would prevent against unfair dismissal; it may be less costly -- it will prevent against costly litigation where employers will be fined post facto for wrongful dismissal. Precisely how Just Cause should be implemented is discussion or another article.

I personally agree with McCall. Arbitrate dismissal can result in a situation where the new employer arbitrarily dismisses a dedicated and capable employee based on personal judgment alone. The personal judgment can often be faulty and unethical including instances of age, gender, appearance, and so forth -- any of which can disturb the employer. The employer is legally not allowed to dismiss on these…… [Read More]

Palm IPO Case Discuss Whether Any Biases

Palm IPO Case

Discuss whether any biases apply in regard to the Palm IPO to the analysts, investors, management.

Yes, biases on multiple fronts were present with all stakeholders involved. I believe it is important to look at these biases in regards to the prevailing market sentiments at the time. During the period directly prior to the IPO, the markets were experiencing excessive optimism in regards to technology stock. Technology stocks during this period were valued very high relative to their intrinsic worth. In fact, many companies during this period were trading at thousands of times their prior year earnings. In many respects, some companies commanded high prices with no earnings what so ever. This mass euphoria created irrational values on most companies in the market. The Palm IPO was a direct response to this mass euphoria surrounding technology stocks. Individual investors believing that stock prices could not come down…… [Read More]

Compensation in Wachovia Bank's Base Employee Tier

Compensation in Wachovia Bank's Base Employee Tier

Bank Teller Pay

Compensation in Wachovia Bank's Base Employee Tier

Banking Industry Practices

etention ates for Tellers

Opportunity Cost for Promotion

Enabling Cross-Selling

Consideration of Drawbacks

Compensation of tellers at Wachovia Bank is closely tied to turnover rates. Employee turnover is costly because resources must be expended to replace employees who leave. ecruitment and training can be expected to be approximately one-third of an employee's salary. In the banking industry, the turnover rate for tellers also impacts the bank's ability to efficaciously cross-sell investment products. High turnover rates of promotable employees contribute to increased expenditures by the human resources department since searches must be orchestrated with outside executive search consultants. The banking industry is in survival mode. In order for Wachovia Bank to survive in this industry, we must take care of our frontline. The frontline of Wachovia Bank is our tellers. A…… [Read More]

Organizational Behavior Wal-Mart Was Founded

Therefore, it seems as though it would be involved in less negative publicity if it merely concentrated on maintaining and actually improving the locations it already has open -- starting with its domestic ones.

Lastly, it is worth noting that one of the principle points of pride of Wal-Mart is the immense variety of goods it sells. In order to accommodate paying higher wages to unionized employees at the domestic level, it may be prudent to reduce its huge inventory selection, at least at certain locations. For instance, it is routine for Super Wal-Mart's to carry goods and offer products and services that others do not. This practice should be expanded so that the organization stratifies its items by popularity and sales revenue, and reduces the amount of its least profitable items by reserving them for certain, select locations. The goal is to reduce its overhead and divert some of…… [Read More]