Margin Call Essay

J. C. Chandler’s 2011 film Margin Call examines the actions of an investment firm’s key decision makers during the earliest stages of the most recent financial crisis. Chandler does a good job with the characters of this movie he isn’t necessarily looking for a villain in a mess like this nor any lengthy explanations; he’s going deeper than that. He goes more for societal costs of high finance, the power of self-rationalization, and the easy embrace of personal corruption. The movie is filled with business lessons that go beyond the investment world. One theme of the film centers on business ethics and whether personal interest should trump customer/employee investment. Clearly, the decision made by John Tuld and senior management demonstrates that everybody is out for themselves. Personal investors are at the mercy of the individuals and the firms they invest with. The ease with which Tuld makes his decisions is scary to any business ethical viewer. With unqualified statements such as, â€Å"its just money† the audience begins to understand that the financial system can be an unfair game. In contrast Peter’s boss, Sam Rogers’ ethical implications of how the company plans to resolve its problems are almost more than he can handle. Sam stumbles upon the issue triggering the crisis, it’s one thing to be shocked at the ramifications of what’s about to unfold. But it doesn’t mean one’s outrage can’t be set aside when personal survival is on the line, an attitude that he quietly maintains but isn’t afraid to tap when the need arises. Moral ethics are thrown out the window in order to salvage a firm that has taken on too much risk in order to increase profits and inflate employee earnings. Management is willing to do whatever it takes to save themselves and protect their personal assets. This includes liquidating entire departments, and ruining the integrity of their own employee’s careers in the process. This film had several big ethical messages from it. In addition, there were many smaller points and messages the film showed. One in particular was the way that the employers used an employees entitlements as leverage to coerce them into doing what the enterprise requires. However, things such as stock options, pensions, bonus promises, and health care plans are simply paper assets. The promise that stands behind them can be broken and that paper is completely worthless at the order of those employers or in other words, blackmail. Ethics never loses its relevance. It must be told and retold as, too often, the mportant lessons that it imparts individuals and institutions unwillingly set aside. Ethical lapses can lead and have led to the irrevocable damage of a firm, its employees and clients. If there are any ethics in the business world, the company’s plan for survival is unethical. But in a world that lacks options, there is only winning and losing. Some of the characters struggle with the little emotional and psychological life they have left. But their choice basically comes down to money or no money. One thing that we must remember from this film is not just the ethical decisions made by the upper management but who is affected by these choices made by upper management. The most damaging fallout from all this is on those who didn’t see any of this coming, mostly the investors and the firm’s employees. Those who had the least involvement in all this mess are hurt the most in terms of financial losses. Even if it may seem like the employees’ participation was limited, they are nevertheless part of all of it, just by the inherent connectedness to the overall whole. Just because they weren’t the ones making the decisions doesn’t mean the decisions made by upper management won’t hurt them. This film is a reminder that business and moral ethics can easily be lost in the shuffle when billions of dollars and entire companies are at stake. Tuld is willing to kill the market to protect his interest, without concern for the company’s investors or even the strength of the global economy. When money is no longer an issue, you lose all concern for the individuals who do not hold the same viewpoint.

Top Glove Information

Tan Sri Dr. Lim Wee-Chai (Appointed Chairman in 2000, aged 49) Chairman Founded Top Glove in 1991, totalling 26 years of experience in the latex industry. Former president of the Malaysian Rubber Glove Manufacturers' Association (MARGMA), board member of the Malaysian Rubber Board, and Director of the Association of Malaysia Medical Industries. Tan Sri Datuk (Dr. ) Arshad Bin Ayub (Appointed in 2000, aged 79) Independent Non- Executive DirectorFormer Deputy Governor of Bank Negara Malaysia, and current Chairman, President and member of various Malaysian rubber insitutions, namely the Malaysia Rubber Export Promotion Counci (MREPC)l, the Rubber Products Manufacturers Association and the Rubber Board. Puan Sri Tong Siew Bee (Appointed in 2000, aged 49) Executive Director Previously worked with United Overseas Bank and Utama Bank, with over 10 years of experience in operational systems in banking.Lim Hooi Sin (Appointed in 2003, aged 45) Executive Director Possesses more than 14 years o f sales experience with Metlife Financial Services in the US, and is the founder of one of Top Glove’s subsidiary companies, Top Glove Medicial USA. Sekarajasekaran a/l Arasaratnam (Appointed 2000, aged 79) Independent Non- Executive Director Has held various engineering positions in government public works and utilities departments over the span of 20 years, and the Board’s nvironmental engineering consutlant. Lau Boon Ann (Appointed 2000, aged 53) Non-Executive Director Involved in the real estate and property development setor, with over 10 years of marketing and consultancy experience with various property companies. Quah Chin Chye (Appointed 2001, aged 52) Independent Non- Executive Director Has held various senior management positions over his 10 years of work experience. Lee Kim Meow (Appointed 2000, aged 48)Executive Director Has more than 12 years of experience in financial services and credit control operations with OCBC Finance and Asia Commercial Finance. H e is currently a member of MARGMA, MREPC, as well the Asean Rubber Glove Manufacturers’ Association (ARGMA). Lim Cheong Guan (Joined in 2005, aged 42) Executive Director Responsible for the accounting, corporate finance and investor relations of the company, with over 10 years of accounting and auditing experience, including a stint at PricewaterhouseCoopers.

Ksa Self Eval

I am definitely a quick learner which is very beneficial to on the spot coverage for a co-worker, was trained for basic process to handle JABBER for only half a day since my co-worker needs to go to an emergency leave for 3 weeks, midyear n 2013 and helped my peer with relaying referrals to JABBER when she had a foot surgery which leads me to be an alternate on handling JABBER. I was managing authorizations for all local primary care that goes to a native facility, SEC Orthopedic and .NET after ELL was passed on to one of my peers.I was assigned to be a mentor to new employee to assist with all work related issues. On late December 201 3, was asked by my Supervisor to manage JABBER in place of my peer that volunteered for another task. I was handling all officer consults, authorizations and referral management along tit SF which is also considered a big task due to a number of patients that's being sent to their facility and all other local primary care that are being sent to native facilities for almost 9 months. Created a spreadsheet via Microsoft Excel for all JABBER clinics for easy tracking.I volunteer to work TOT every Saturday to take down Mammography consults and all other categories that needs to be worked on. I have been asked questions and advice by my peers (Nurses and Ma's) on work related issues, especially new employees. Questions about work processes, most specially computer related, mostly bout trouble shooting and vendor information. I also helped on answering the phones (ACED Line) when needed. I was the first MASS in our department to have tried the process of the PC program. Wowed some of my peers the step by step process of submitting consult/ referrals/ authorization through scanning to the program. I practically started the process and showed/ trained some of my peers, even the leads. I created the letter for veterans (fixed it, since it was from a flyer in PDF format that needs to be converted to Microsoft Word document), I also created the main coversheet for PC we use whenever we amend, deny, re-route a secondary request/ authorization and put together a verbiage to be used whenever we create an authorization for Tries. Tot tied to work on JABBER, SF and other local primary (native facility) which leads me to just occasionally helping with PEG. However, the main person who has been processing PC authorizations still seek my advice most of the time, as far as trouble shooting PC processes. I also contributed a lot to our temporary MASS working with faxes even though was not assigned to be her mentor, she always seeks my advice most of the time. I am one of the Ma's who were trained to close/ complete consults by scanning medical notes/ documents to CPRM.Although am not the main person for PC anymore, I volunteered on updating and forwarding the PC Provider List every Monday. Currently, have been helping to close out consults (since almost the end of fiscal year) by scanning medical documentations/ notes to CPRM. Added the ASK submitted when I was promoted for GAS 6 just for a refresher. GAS-6 Medical Support Assistant (Advanced) Demonstrated Knowledge, Skills, and Abilities: 1 . Ability to collaborate, communicate, set priorities, and organize the work in order to meet deadlines, ensuring compliance with established processes, policies, and regulations.In my current position as a Medical Support Assistant with the VASS Integrated Care Service, I am responsible with the review (after being approved by MR.), scheduling and authorization process of consults in collaboration with the CICS patient care team and communicating with non-VA medical facilities, this include determining urgency of care to ensure timely and best purchased care for our veterans. I've been constantly picked by my supervisor to process urgent or implicated consults on account of having an excellent attention to details and accuracy.Due to my ability to learn new skills quickly, I became a part of the reconciliation team r egardless of being new, working on a spreadsheet via Microsoft Excel consisting of over 2000 plus claims to determine, track down, adjust or cancel used or unused authorizations on a weekly task to recoup funds that had been obligated to vendors but never used, it was then used for processing backlogged pending authorizations for this FYI. In addition I was also assigned by the chief of our department to assist on identifying/ recessing denied and duplicate claims.I efficiently identified hundreds of duplicate/denied claims from previous FYI. I've been a part of a group of Mass and nurses working to close out thousands of outdated consults. I assisted going through a spreadsheet determining which authorizations needs to be closed (nickered) out freeing up funds for use of unprocessed and pending authorizations. 2. Ability to communicate tactfully and effectively, both orally and in writing, in order to meet program objectives. This may include preparing reports in various formats an d presenting data to various organizational levels.I became the point of contact for all veterans from the Electronic Wait List (ELL) that are being seen in Providence Health & Wellness, Providence Senior Care Center, Mat-Us and Southeastern Foundation for their local primary care. Constantly communicating with the vendors and patients to coordinate appointments, consults, ERR visits and authorizations to ensure care for our veterans. Maintaining/ Updating a spreadsheet and writing appropriate notes/ comments to track down number of veterans being seen for local primary care outside VA.As an alternate MASS for JABBER, assist in coordinating all veteran consults between the Joint Venture Hospital and Veteran's Administration. I am one of the only two Mass with access to the computerized medical records system at Elmsford Air Force Base Hospital. I assist in entering consults and authorizations for all care received at the Joint Venture. Assists on directing veterans, their dependents , and beneficiaries via telephone communication when covering the ACED line. 3.Advanced knowledge of the technical health care process as it relates to access to care. Proficient in CPRM, r-BCC Authorization, Vista, Microsoft Access (NBC Letters) which is utilized in consult management and referral process. Skilled in operating FIBS Distribution and Processing which utilize when working with the reconciliation and claims, SUCH which is utilized for entering BIER consults, scheduling and printing notes/ reports such as referrals, orders and reports for labs, CT, MR., Grays etc.Equally competent in utilizing systems such as RPM which is comparable to Vista, Signature and LATA which is comparable to CPRM, AFC System for electronic receipt Of documents faxed available for review and processing of healthcare providers. 4. Advanced knowledge of managing a clinic. This includes independently utilizing reference sources, decision-making, and empowering the team to collaborate and resolve pr oblems within a complex systems environment.Worked as a Case Manager Assistant at the Alaska Native Medical Center, Internal Medicine Clinic managing one of the 7 sub-specialty clinics, General Medicine with two Case Managers (nurses) and 3 doctors responsible for having the doctors review the consults according to urgency, coordinating appointments or patients, scheduling surgeries/ procedures, taking care of patient's travel and lodging. – Manages consults, authorizations, updating spreadsheet (monitoring and tracking) of the Electronic Waiting List (ELL) for four locally and out of town clinics.Such clinics are as follows; Providence Health and Wellness, Providence Senior Care Center, Providence Mates-Regional and South Central Foundation. Am currently assigned to manage consults/ referrals, scheduling and authorization for Native Agreements, .NET, Orthopedic and an alternate for JABBER specialty clinics. 5. Advanced knowledge of policies and procedures associated with ope rational activities that affect the patient flow, patient care, and the revenue process.

Effective Communication Essay

Effective communication is an important process in everyday life. Communication is a continuous process of exchanging verbal and non-verbal messages. Listening and hearing are two very different concepts. Hearing is the act of perceiving sound by the ear. While listening is something you consciously choose to do. Formal and informal channels of communication flow upward, downward and horizontal. Barriers to effective communication alter or distort the message being sent. Emotions and physical limitations greatly impact the messages being delivered or how the recipient receives the message. Effective communication is an important aspect within the criminal justice field. Effective Communication Effective communication is an important process in everyday life. While communicating an individual gives nonverbal cues as well as verbal cues. Both are very important to the communicating process. Listening and hearing are two very different concepts. Listening constitutes and understanding of the information received. Information flows upward, downward and horizontally. Within the flow of communication there are formal and informal channels, especially in the criminal justice field. Within the communication process there can be many barriers to inhibit the use of effective communication. The four main barriers to communication are emotional barriers, physical barriers, semantic barriers and ineffective listening. Overcoming these barriers is important to the criminal justice field. Verbal and Nonverbal Communication Communication is a continuous process of exchanging verbal and non-verbal messages. While communicating we must be aware of our verbal, nonverbal and para-verbal messages (Wallace, 2009). Verbal messages are words. Nonverbal messages are the body language presented when the words are spoken. Para-verbal messages are the tone, pitch and pacing of the voice. It is important that all three correspond with one another. If you are saying yes and shaking your head no, that gives a confusing and inconsistent message to the recipient. In all of our communications we want to strive to send consistent verbal, para-verbal and nonverbal messages. When our messages are inconsistent, the recipient may become confused. Thus, the recipient may not understand the message completely and provide poor feedback to the sender. Becoming an effective sender and recipient is important. Understanding the messages received and providing proper feedback is essential. Listening and Hearing Hearing is the act of perceiving sound by the ear. If you are not hearing-impaired, hearing simply happens. Listening, however, is something you consciously choose to do. Listening requires concentration so that your brain processes meaning from words and sentences. â€Å"The difference between the sense of hearing and the skill of listening is attention† (Horowitz, 2012) Listening is an essential part of the communication process. If the receiver is not listening to the message being sent and only hearing it, the information is not being processed and proper feedback cannot be returned. Therefore, the sender does not know if the receiver understands the message being delivered. Formal and Informal Channels Communication flows downward, upward or horizontal (Wallace, 2009). The most common flow of communication is downward, from supervisors to subordinates. In the criminal justice system downward communication is classified into three categories; orders, procedures and personnel information. Upward communication is information provided to supervisors from subordinates. It is also classified into three categories; performance communication, information and clarification. Horizontal communication is the flow of information between personnel at the same levels. It is also classified into three categories; coordination, social issues and problem solving. Formal and informal channels of communication flow upward, downward and horizontal. â€Å"The formal channels are the strict procedures defined by the policies of the organization. The informal channels consist of the undocumented sharing of information† (Sinclair, n. . ). Formal channels of communication are strict rules of communication within the department, such as reports, evidence custody, policies and procedures. Informal channels of communication are the sharing of information between officers. â€Å"The most common informal channel of communication is the ‘grapevine’ (Sinclair, n. d. ). A good example of the downward flow of communication, using formal and informal channels, is a police department’s shift meeting. During the meeting the oncoming shift is briefed by the supervisor on developments and procedures. This is a mix of formal and informal communication. The department’s SOPs and procedures are discussed and conversations between officers on issues are discussed. This flow of communication is very important to the department. Oncoming officers need to know what has happened prior to their shift in order to continue with the ongoing duties, for example BOLO’s on suspects, and other crimes happening in the area. Information on goings-on in the department’s area of operation is essential for each officer to do their job effectively. Information must flow freely throughout the criminal justice system; from the highest ranking person to the lowest. Barriers to Effective Communication â€Å"Barriers are influencing factors which impede or breakdown the continuous communications loop. They block, distort or alter the information† (Wallace, 2009). The four main barriers to communication are emotional barriers, physical barriers, semantic barriers and ineffective listening (Wallace, 2009). Emotional barriers reside in either the sender or receiver of information. People base their receiving or transmitting of information off of their personal experiences or knowledge. Emotional barriers can stem from low self-esteem, depression and psychological problems. Physical barriers are things in the environment that make the transfer of communication difficult. Physical barriers include malfunctioning equipment, outside noise and distance between the sender and receiver. Any obstacle that slows or impedes the free flow of information is a physical barrier (Wallace, 2009). Semantic barriers refer to the inability to agree on the meaning of certain terms, thus resulting in poor communication (Wallace, 2009). People understand messages differently. A simple vague statement can mean a plethora of things to different people. Ineffective listening is the failure to hear or understand what the sender is transmitting (Wallace, 2009). Numerous reasons exist for ineffective listening. The receiver may be disinterested or bored with the topic. The topic may be too complex or too simple for the recipient. The recipient may also be consumed by personal problems, therefore unattached to the discussion. One of the main barriers those in the criminal justice field face is language. The US is a melting pot of cultures. Not everyone effectively speaks and understands the English language. It is important for those working within the criminal justice field to understand this and work towards mending the barrier. Whether mending it means learning a second language or making sure there are interpreters on hand, it is important to understand and be understood. It is also very important to be an effective listener. Criminal justice employees should not let emotion become a barrier when communicating with each other or citizens of the public. Conclusion Effective communication is an important process in everyday life. While communicating an individual gives nonverbal cues as well as verbal cues. Both are very important to the communicating process. Listening and hearing are two very different concepts. Listening constitutes and understanding of the information received. Information flows upward, downward and horizontally. Within the flow of communication there are formal and informal channels, especially in the criminal justice field. Within the communication process there can be many barriers to inhibit the use of effective communication. The four main barriers to communication are emotional barriers, physical barriers, semantic barriers and ineffective listening. Overcoming these barriers is important to the criminal justice field.

CCCB Essay Example | Topics and Well Written Essays - 3500 words

CCCB - Essay Example (2002) (2009) The Japanese Invasion The late 1950s saw a crucial time for Harley Davidson because that was the time when the Japanese entered into competition in the market. This meant that Harley Davidson was not the only producer for motorcycles now and had to make certain changes in order to survive. Up till now, the company enjoyed a sort of monopoly over its customers because it could produce motorcycles according to the knowledge that it possessed, as customers were willing to purchase due to being left with no other options as well. This played on the demand-supply situation, pushing the company to continue with its sale of making motorcycles that had very distinguished engines, and were manufactured in a manner that they could be rectified by the customer itself. (Statkenov, Daniel K. 1900-1933.) The Japanese established themselves with Honda over the south Asian markets first, and then spread to the rest of the world in such a way that even in the United States of America, e very second person was purchasing a Japanese manufactured motorcycle. Because of this, the sales in Harley Davidson obviously declined because as when compared with companies like Honda, and then emerging Kawasaki, Suzuki and Yamaha, Harley Davidson motorbikes were very costly, could not be afforded by the average consumer, and was not for every kind of bike rider. The Japanese took advantage of all the demerits that the American motorcycle company had, and took hold over it by producing more customer friendly bikes, that could be ridden by most ages, had simple engines, were east to maintain and repair, and most of all, were much lighter and cheaper. As the Japanese slowly took over the markets, at the same time, the profitability and goodwill that Harley Davidson had created for its self began to decline sharply. The company foresaw a great amount of debt and was unable to raise the complete by back price. In order to sustain survival over the market, the only thing that could be done by Harley Davidson was to cut back on the number of bikes manufactured in order to keep their costs at a minimum price. The company was under the leadership and guidance of people like Richard Teerlink and Jeffrey Bluestein as it underwent a complete transformation before it began soaring upwards and towards growth again. These people evaluated the performance of the company against that of not only its past performances but also performance of the Japanese companies and found out where they were going wrong. They critically evaluated the pros and cons that Harley Davidson faced and in accordance to that made the much needed changes within the organization. Transformation The first set of changes that were made within the company in order to stabilize it was in its human resource department. A proper change cycle was what the firm was made to go through as all unnecessary workers and employer positions were eliminated from the company. Having a good hold over the people that wo rk within the company can really make or break its name in the market. Harley Davidson was started by two people and by 1907 had only a single permanent employee working with the founders. However, after the Japanese invasion into the market, Teerlink decided that it

The Classic Style in Mississippi and Innocents Abroad Essay - 1

The Classic Style in Mississippi and Innocents Abroad - Essay Example Classic style is the preferred style since it makes people earn frequently than the school style. Writers in Mississippi and innocents abroad practice the classic style in their articles. For instance, Mark Twain is one of the writers abroad that employ this type of writing. Comparably, classic style employs equity between the writer and audience. The writer is equal to the task and delivers as if he is part of theaudience. In school style, the writer and the audience are never equal (Loewe par. 4). The writer is to perform a task as a duty but not out of interest and willingness to do so. For instance, it is a rule to fill the required number of pages while writing in school type. Classic style therefore enables the writer to take part in facilitating a character trait in a piece of work. Mark Twain in his book describes himself from page to page and the readers fill like taking part in his life. The readers are able to share the understanding that the writer has over an article for the sole purpose of lucidity, confidence, and wish. It is also clear that use of classic style involves more fun since it is done out interest but not writing to fulfill a task given. Mark Twain shares his views of Mississipiriver in a hilarious way that one cannot imagine to hate the book ( Loewe par. 6). Effectively, the readers who pin point the weaknesses determine performance of the writer. A person writes what he can only read and avoids what he cannot read and understand to enhance his clarity and relevance. There is nothing regrettable that is, not a magic bullet in classic writing. A person is able to revise his work and identifies the mistakes, he also finds out the topic discussed to maintain the relevance of the article. Loewe (par. 5) opines that classic writing does not subject the writers to skim over the topic simply because of clarity but warrants a chance to observe effective communication skills to deliver to different audience. The writer becomes the primary sou rce of information hence trust and reliability remains the main pillars of a credible writer.In conclusion, it is therefore clear that people living along Mississippi river and abroad use classic style to write their articles.

LAB REPORT Example | Topics and Well Written Essays - 750 words

Lab Report Example The ultimate intention is to determine the polarity of these molecules based on the relative electro-negativities of the atoms relating to the molecular hence stating whether a molecule is either polar or nonpolar. It has been generally known that a non-polar solvent will often dissolve a nonpolar molecule but not a polar molecule. It is therefore to a large extent, necessary to understand the theory behind the polarity of a molecule. This information will be critical in making of prudent decisions in certain chemical practices such as extractions and separations. This report therefore practically looks at the various steps taken to concluding on the polarity of certain molecules. Prominently used in the procedure is the VPESR theory. The VPESR theory seeks to predict molecular shapes of compounds from their Lewis structure since the molecular formulas have no direct relationship to the shape of molecules. According to the VSEPR theory the molecule will take up the geometry so as to minimize valence electron repulsion in the central atom of the molecule. In addition, the presence of lone pairs and the number of valence electrons majorly influence this geometry. There are various geometries which a molecule can adopt. These include; linear, trigonal planar, tetrahedral, trigonal pyramidal and octahedral geometries. After the molecular shape has been obtained the polarity of a molecule can be predicted based on the presence of polar bonds. A bond is polar or non-polar based on the electro-negativities of the atoms in the bond. The greater the difference in electro-negativities the more polar the bond. The atom with a greater electro -negativity tends to pull the shared electrons towards themselves, hence giving them a partial negative charge and leaves the adjacent atom with a partial positive charge, thus polarity. The symbol for a dipole moment of a polar bond is -|-- > with