Twice elected mayor of the Korean capital, Park Won-Soon is crusading against domination of the South Korean economy by enormous conglomerates known as chaebol. The question is whether small and medium enterprises (SMEs) can ever gain the heft and momentum of the giants, led by the Samsung, Hyundai Motor, LG and SK empires.
In the past year, Berkshire Hathaway has purchased a $1.7 billion stake in Apple. Although the position is relatively small compared to other marketable securities held by Buffett and Munger, there are numerous reasons why the legendary holding company is starting to take a position.
Can you name one female WWE Superstar in history with more talent than Charlotte?
Stock up, stock down of top WWE Superstars after the Raw-exclusive Clash of Champions pay-per-view
I caught up with some of Hollywood’s hottest names in horror, from American Horror Story to The Conjuring, to find out which box office classics they?d love to see brought to life at Universal Studios Halloween Horror Nights.
Capturing a compelling slice of American history, October Sky has travelled from best-selling autobiography to acclaimed 1999 film to now a lovely musical. This is the story of Homer Hickham, a teenager in a West Virginia coal mining town who overcomes traditional expectations of going down in the mines in favor of building the rockets that go in the opposite direction.
Donald Trump’s and Hillary Clinton’s energy strategies are diametrically opposed, while Trump’s oil markets strategy could actually roil markets if enacted.
Class is Monday night, and again, I find myself faced with a difficult lecture to develop. I consistently teach my graduate students about the importance of whistle-blowing. Specifically, how 40% of frauds are discovered by an internal tip. I stress the importance of how CPA’s have a fiduciary responsibility to report suspected fraud. Given that the Department of Justice has made several policy changes focusing more on individual accountability in corporate misconduct cases, it is far more important to speak up than ever before. But how do I convince my millennial graduate students who are typically skeptical of “corporate morality” when they see the negative experiences of the Wells Fargo whistle-blowers? CNN reported that multiple whistle-blowers attempted to report the fraud and were fired. Yes, fired! How could this be? How can employees using the appropriate reporting channels be fired for doing the right thing? Research shows that employees prefer to report wrongdoing using internal reporting channels, so what happened at Wells Fargo is confusing. Did they not know their own culture or frankly not care? As I wrote in a 2011 blog post, detecting fraud at corporations using outside sources is difficult, so discovering fraudulent activity often starts with employees. Firing employees for stopping misconduct sends a message within a company but it also sends a message to those of us who are charged with shaping the minds of tomorrow’s business leaders. What do I tell them? Report the fraud and risk getting fired or don’t report the fraud and risk being indicted by the Department of Justice?
USA’s new drama is not the next Mr. Robot and shouldn’t try to be.
The last two years or so have seen a significant drop-off in import volumes. This is crucial because imports, not growth per se, more effectively measure the impact of Chinese demand on the rest of the world.