Goldman sachs customer service controversy Research Paper

Goldman sachs customer service controversy - Research Paper Example Goldman was later on joined by his son-in-law where the firm expanded and grew into a general partnership to become Goldman, Sachs and Company. His son, Henry, was put in charge of the company’s domestic growth and Goldman, being committed to a diversified portfolio noticed a huge potential in a number of other developing industries (McGee 2010). Despite being difficult to market at the beginning these investments soon became profitable ventures only after the firm managed to convince companies to adopt stricter accounting as well as auditing procedures. Goldman, Sachs managed its very first IPO (Initial Public Offering) in the year 1906 when one of its clients, United Cigar Manufacturers announced its intention to expand (Butler 2010). Despite the fact that the Goldman, Sachs hand never managed a share offering in the course of its operation history, it became successful in marketing an estimated $4.5 million worth of the client’s stock and made United Cigar Manufactur ers qualify for trading on the New York Stock Exchange. As explained by McGee (2010) in 1998 Goldman, Sachs began to consider going public and after selling an estimated 69 million shares it officially adopted the name The Goldman Sachs Group Inc. where it named Henry Paulson, Jr. ... Its main clients include governments, private individuals as well as corporations that transact with it. Very few controversies are associated with Goldman Sachs since it was founded. However, the most famous controversy involved the leaking information on inside trading, which was done by David Brown when the company was in takeover talks. This incident happened in 1986 and Robert Freeman, a senior partner of the company was also linked to the controversy. The company has also been accused that last year it boosted its quarter earning through changing substantial writedowns in its December financial reports. This section thus looks in details some of the controversies (Recomparison, 2011). As noted by Butler, (2010) though the company is seen as the most profitable investment bank in the world in addition to being an excellent money-making machine running rings around its rivals while rewarding its high fliers with multibillion-pound bonuses, Goldman Sachs has a tendency of attracti ng controversy to a level separating it from its competitors. The most recent controversy has been in April 2010, regarding betting against a package Goldman Sachs sold to their own investors, which is believed to have been the turning point for regulators not only in the United States but around the world. At that time, the firm was already under scrutiny for having awarded year end bonuses as well as payouts to its stuff for the financial year ending 2008 upon receipt of an estimated ?6.1 billion UK bailout from the United States government, being part of the bailout toward those financial institutions worst hit by the credit crunch. From the controversy, it is said that Goldman Sachs materially gave wrong

Environmental Laws and Regulations Essay Example | Topics and Well Written Essays - 500 words

Environmental Laws and Regulations - Essay Example nt environmental laws under the UN Conferences on Climate Change (Montreal and Kyoto Protocols), there is strident opposition from the powerful industry lobbies, especially in the developed world, to such efforts. Their arguments are mainly based on the reliability of the predictions of the impending drastic global warming on the one hand, the exorbitant costs of meeting the new emission norms, and the impact of such costs on industry competitiveness and profitability. Competitiveness and profitability are at best comparative measures in a given set of circumstances. It has been proven time and again that compliance to laws is more economical than paying the penalties for an environmental disaster. ‘Polluter pays’ is now an accepted principle. If environmental laws are not fully implemented or are violated, the potential risk of unforeseen liability also has to be counted in the profitability calculations, and this was not being All calculations of competitiveness and profitability are reduced to nothing, and the very survival of a business is threatened, when it has to pay millions or billions of dollars as penalty for non-compliance. The Bhopal Gas Tragedy (dubbed as ‘Hiroshima of the Chemical Industry’), which killed more than 2000 and injured over 300,000 people, cost Union Carbide $500 millions (Pratima, 1998). This is a pittance since it occurred in India and would have run into several billions if it occurred in the USA. Exxon Valdez oil spill was of catastrophic proportions on marine life, with hundreds of thousands of birds killed, fish poisoned, and large-scale death of other marine life like seals, sea otters and whales. Exxon spent $ 2.2 billion in clean up operations, while the total cost was of the order of $ 4 billion (Thinkquest). The adverse publicity of such events through the print and electronic media can threaten the very survival of the concerned businesses. At individual level, consumers are concerned with the quality of their

Love and Memory in Deuteronomy Essay Example for Free

Love and Memory in Deuteronomy Essay Love and Memory in Deuteronomy, is the prompt for this weeks reflection paper. First, we must identify what each of those terms means to us in context to Deuteronomy and for me Love does not just mean love in the sense that we all know. Although you could easily write a reflection amount the many ways God displayed his love to his people, like when he parted the seas for them and crushed the Egyptians behind them, or when he was slow to anger when they chose to worship Baal while Moses was a top Mt. Sinai, but I choose to interpret love in Deuteronomy as Gods continued faithfullness to his people. Know therefore that the Lord your God is God, the faithful God who keeps covenant and steadfast love with those who love him and keep his commandments, to a thousand generations. (Deuteronomy 7:9, English Standard Version) Here God is described as a faithful God, and one who will always love those that love him, and follow his word. This is such a powerful verse and really speaks to the faithfullness of God to his people, here it shows that God is obligated to us, that he must love those that love him. I think it also shows that he is bound to look out for us because he is our faithful creator, and that as the creator he is obligated to look out for us, to satisfy us, and provide for us, and ultimately look out for us enough so that we may seek him out and follow him with out Faith. That creation of the Covenant is the ultimate example of Gods faithfullness to us as it takes out all mystery and makes things most certain for us, and shows his commitment to us as a people, because of the covenant we know all the cornerstones of His divine government. The many I wills in Deuteronomy cover everything that we as a people might need in both the past, present, and future. There is no avenue of life that we can venture to where we can not find God, and he has given us clear definition of His heart and intentions by his word and covenant. Gods love in Deuteronomy can best be described as his faithfullness to us, and as mentioned prior, there is no greater example of this than his Covenant, and new Covenant with us through Jesus Christ. And you shall remember the whole way that the Lord your God has led you these forty years in the wilderness, that he might humble you, testing you to know what was in your heart, whether you would keep his commandments or not. (Deuteronomy 8:2, English Standard Version) Memory plays a huge role in Deuteronomy as God is very clear in this verse, that the people are to remember, that all they have been through was a way for God to see what was in their heart, to see what kind of people they were. Memories, in general, throughout time are always a great way to see someones true heart. There were times the people worshipped false idols or cried out against the Lord, and in those moments peoples true natures were revealed, the memories of those times are a great reminder of where people stood, and as it says in that verse that is what it was all about, was for God to measure their true hearts. This principle is still the same today, we are often judged by our past deeds, and it is not because we do not believe people can not change or that people do not deserve new chances, but often times we are what we do, and again the memories of our past actions are a great way to measure who we are as people.

Standing Firm On The Word Of God Religion Essay

Standing Firm On The Word Of God Religion Essay Within life there are some things over which you have no control. They are the inevitable storms and adverse weather that life brings to us all. They are called seasons of struggle and times of testing. Our goal is not only to go through them but rather to grow through them by developing yourself and becoming a stronger, smart, and skilful person. Storms of Challenges in your life Thank God we have weather storms because, after they come and go, ever thing is brighter, fresher and clearer. Its the same in life, storms and wind may blow through your home, you may face many challenges, life becomes one big turmoil especially at a certain time of the month, you may become discourage by bad news, monthly bills, credit payment, letter from the bailiff, court prosecution; they can all bring anxiety, stress, frustration, depression, (Matt 14:31) Says you become fearful, your faith is weakens, and you doubt Gods Words. The thing is you will always have some sort of payment one way or the other to fork out each month. There is no immediate antidote to sort everything problem, but there is a place of calm, where the hustle and bustle of life challenges cant touch you. * Do you know that there are words in the Bible for every situation in your life?* When storms are blowing in your life you forget that Jesus is with you, you dont stand on His Word. (Matt 8:26) In spite of opposition and persecution, He promise us peace in the midst of suffering (Matt 14:27) He said be of good cheer, be not afraid. (Matthew 28:20) I am with you always, even to the end of the world Real Life Scenario: Before and after I came to Christ, I was a prisoner in my own home. I became frighten to answer the phone because by creditors would be asking for their money; I even went so far as to answer the take messages on my own behalf. When there was a knock at the door I would lower the volume on the television as not to be heard. It was only when I began to apply the scripture verses in my situation that I began to have peace. Look through the scripture for verses that talk about your situation, and speak them out, remind Jesus of his promise. Build a Foundation on the Rock (Word of God) During life there will be times when it may seam that there is an earthquake under you, attempting to shake your life, family and children as you go through one crisis after another (Matt 7: 24-27) Says build your house on the Rock which is the Word (Matthew 7:10) Jesus says A wise man built his house up a Rock, it did not fall, (Matthew 7:26) a foolish man build his house upon sand, flood, wind blew and beat upon it, and it fell and great was the fall of it. When your marriage is on the rocks, thats when you need to get on the Rocks and stand on Jesus and His Word. Build your life, marriage, and career, endeavours in and around the Word. Be careful of preachers, every preacher is not your Rock dont base youre life solely on them because there human beings, if they backslide your still built on the Rock (check what they say against the Scripture). Scenario: My pastor tells his congregation that he depends solely on God and not on his wife, and he advised her to do the same because he is only human. So build a solid foundation on the Rock (word of God), establish a personal relationship with God, and stay rooted in the Word of God, Spend time with God in Pray and in Meditation. He will disclose His thoughts, and help you to understand His word (Bible). Its not about believing, its about knowing God, when you know Him no one can shake your foundation. Fire of Challenges in Life Fiery troubles and challenges that rage around you are test and trials to strengthen you. Sometimes in life there will be a season when God will take you through a process where by He want to mature you, He may separate you from certain people around you, friends or even family, the enemy will be attacking you on all sides, and people may talk against you making falsely accused. There may be times when you feel totally isolated. (Isaiah 43:2) when you walk through fire you shall not be burned, neither shall the flame Kindle upon you, I will be with you. I will never leave you during your time of trial. (1 Peter 5-10) God will restore you, strengthen you, make you strong, and support you as you suffer for a little while) Conclusion We thank God for His goodness and mercies that continue to follow us each day. Regardless of the Storms and winds that blow through your home, earthquakes that attempt to shake your life, and the fires of challenges that rage around you. The Lord Jesus Christ has promised to see you through! So dont be shaken by what you see, simply focus on your Creator and you will have a brighter tomorrow, In Jesus name.

Essay --

As part of the cell cycle, mitosis is the nuclear division of replicated chromosomes by the disconnection of the replicated chromosomes to form two genetically identical daughter nuclei. Escorted by mitosis is commonly the process of cytokinesis. The cytokinesis process entails a dividing cell splitting into two, resulting in the subdivision of the cytoplasm into two cellular suites. The process of mitosis can take place in either a haploid (23 chromosomes) or a diploid (46 chromosomes) cell. Before a cell can be ready for a mitotic division it must primarily undergo its interphase stage. Following the interphase stage several other stages come into play. These stages are prophase, prometaphase, metaphase, anaphase, and telophase. During each specific stage certain sequences of events take place that assist to the completion of the division. During interphase, cell growth, DNA replication, separation of centrioles and protein synthesis takes place. This phase is acknowledged to being the most extensive period of the cell cycle thus signifying the stage in which the cell devotes th...

A Comparison of Sei Shonagon and Marie de France Essay -- comparison c

A Comparison of Sei Shonagon and Marie de France         Though more than two hundred years have separated Sei Shonagon and Marie de France, the scene is much the same. A courtly lady sits in a candle-lit room, with her writing hand poised above a book of parchment. Her face brightens in an instant of inspiration and she scribbles furiously onto the paper. This woman is closely associated with the royal court and is something of an anachronism, a woman author in a male-dominated world. The scene pictured here could have taken place in either Shonagon's late tenth century Japan or the twelfth century France of Marie de France. The differences that exist between these two authors are a result of their differing cultures and personalities. Marie de France writes as a product of her time, expressing herself through her characters, while keeping in mind the mandates of the church. Sei Shonagon is ruled by no such mandates and as a result wrote with merciless honesty. Accordingly, the structure, diction and imagery used by each author r eflects her own distinct personality and values.    Sei Shonagon is most well known for her Pillow Book, a collection of her personal thoughts and observations during her time at court. The structure, or lack thereof, in this work gives the reader a peek at Shonagon's personality. She writes in short bursts, giving the mini-chapters such titles as "The Sliding Screen in the Back of the Hall," "Hateful Things," and "Oxen Should Have Very Small Foreheads." The titles are representative of her tendency to write at length on subjects that may seem inconsequential, or as the author admits in the last segment of the Pillow Book, "most trivial." In fact, these so-called trivial observations provide a s... ...es and cultures. One author is governed by her strict faith and adherence to the church, the other by her own strongly-held opinions. Each woman's writing clearly reflects her own distinct personality and temperament: Marie de France, more eager and spiritual, Sei Shonagon, more satirical and opinionated. Both courtly ladies seem faithful to their own beliefs and reflective of their time and culture.       Works Cited    Sei Shonagon. The Pillow Book. Trans. Richard Bowring. The Norton Anthology of World Masterpieces. Expanded Edition. Ed. Maynard Mack. New York: W.W. Norton & Co. 1995. 2191-2218. All quotations are from this text.    De France, Marie. "Eliduc". Trans. John Fowles. The Norton Anthology of World Masterpieces. Expanded Edition. Ed. Maynard Mack. New York: W.W. Norton & Co. 1995. 1680-1692. All quotations are from this text.   

The Importance of Good Writing Skills for Prospective University Students

Introduction In the age of technology, most students are absorbed in using electronic sources to either read or listen to academic information and usually attempt to memorize facts as far as possible. While electronic devices such as Android phones, iPads, Kindles, and other devices provide students with an amalgamation of information at their fingertips and students are very well informed regarding what is happening in the world and how various things work, they often lack the ability to form and express their opinions in their own words. This skill is often seen non-existent amongst prospective university students, who possess a great degree of knowledge regarding numerous topics, but struggle when they are required to write their personal statements to when they are required to write their dissertations in their final years. It is important for prospective university students to recognize the importance of good writing skills in order to help them get through their university years. The issues of plagiarism, use of vocabulary, and proper structuring must be addressed adequately in order to help prospective university students achieve good grades. The following tips may help university students improve their writing skills: Adopting the habit of reading: Listening to music, playing sports, and hanging out with friends are common activities found in young adults nowadays. However, a study found that approximately 21% of university-aged students said that they enjoyed reading while the majority of students did not express this interest (CollegeXpress, 2013). However, this hobby is highly important for students in order to help them improve their structuring, their ability of expression, and their vocabulary skills. Writing a diary or a blog: While diaries may be slightly out-dated, students can create a blog on a topic of interest which will help them regularly post their thoughts, feelings, and opinions regarding various topics. This will help enhance their creativity, expressive abilities, and enable them to generally enhance their writing skills to capture the interest of readers. Becoming a freelance writer: While prospective university students search for various part-time jobs, it may be beneficial for them to look for jobs as freelance writers. Indulging in activities such as writing advertising and marketing messages, writing emails, and other small tasks to earn a small income may pay a long way in their future. Avoid using slang when chatting, writing emails, or in any other form of communication: Using slang impairs a person’s spelling and vocabulary skills and may often hinder a person’s ability to write properly structured sentences. Hence, avoiding the use of such language can help a student write more appropriately in the future. Having good writing skills can help prospective students in their university years and can also pay a long way when looking for prospective careers. Most employers are looking for candidates with a good level of expression, excellent writing skills, and a high level of creativity. Research has found that individuals with good writing skills score 80% higher than those who do not possess such skills in university and tend to find jobs 30% quicker than others (Aims Community College, 2013). References Aims Community College. (2013) Online Writing Lab. [online] Accessed on: November 10, 2013 Available at: http://www.aims.edu/student/online-writing-lab/overview/why CollegeXpress. (2013) â€Å"Cultivating Exceptional Writing Skills for Success and Beyond†. Accessed on November 11, 2013 Available at: http://www.collegexpress.com/articles-and-advice/majors-and-academics/articles/college-academics/cultivating-exceptional-writing-skills-success-college-and-beyond/