Lehman Brothers College Essays Samples For Students

Corporate fraud is a serious offense that can have huge ramifications on society, clients and the business or organization itself. There have been famous cases of corporate scam that resulted in gigantic financial losses for firms, loss of their reputation and costly legal battles. Famous ethical scandals include: Enron, Arthur Andersen, Lehman Brothers, AIG, Barings Bank, etc. Lehman Brothers was involved in a scandalous ethical scheme and was bound to file Chapter 11 bankruptcy after its loan extension request was denied.
The bankruptcy of Lehman Brothers was a shock to the economy and financial markets in the US. It was the ...

Management Control

1. What is the CSS mission and Vision ? How can we transform the vision to outcome ?
The CSS mission involves being in a position to apply both scientific alongside technological advancements with a role to create a healthy, safe and a future that is environmentally sustainable. Its vision lies in the fundamentals of the continually in fostering development, both of an innovative, economically healthy alongside a company driven by quality. Such that it is in a position to offer a rather comprehensive environmental and safety, health alongside support scientifically in its services. To achieve this vision to ...

The economic meltdown in the US was, as a result, of the housing bubble burst that brought about a massive economic recession in the US. The film, Inside the Melt Down, depicts a series of large American corporations going bankrupt and their shares dropping down drastically due to the economic recession. For example, Bear Stearns is a one of the multinational investment company that took an economic downturn in that its shares dropped from $171 to only $57 in a single day. Given that the media aired out their concerns regarding the economic drift of the corporation, most investors withdrew from Bear Stearns. Despite ...

When Lehman Brothers declared bankruptcy in 2008, the move precipitated a domino-like effect throughout the financial world. The mammoth financial services firm was, in essence, making high-risk credit decisions by violating one of the most basic banking credos: do not borrow short-term and lend out cash long-term (Wolff, 2011, internet). Decisions based on this philosophy became the norm of corporate culture at Lehman Brothers, a firm where top executives can be held as highly culpable in its ultimate demise.
Lehman Brothers' executives, such as CEO Richard S. Fuld, compensated themselves enormously even as the firm began to sink. For example, ...

The film Too Big To Fail (2011) tells a story of the events that took place in 2008 in the financial industry in the USA when several largest financial service companies including Lehman Brothers faced bankruptcy due to the subprime mortgage crisis that hit the USA. Lehman Brothers was the fourth largest bank in the USA and it was surprising to see that the Federal Reserve did not help this bank to survive by offering extensive financial support. Instead the Federal Reserve wanted to make the other largest banks like Goldman Sachs, Merrill Lynch, etc. to purchase Lehman Brothers ...

Introduction

Every Professional accountant has the responsibility of taking into account the interests of the public while also maintaining the reputation of the accounting profession. It is important that self-interest does not prevail over one’s duties as a professional accountant. Acting in the public encompasses having regard to the genuine interests of the clients, government, financial intermediaries, staffs, investors, as well as the business and financial community and all others who rely highly on the impartiality, fairness and truthfulness of the accounting profession for supporting their propriety and methodical functioning of commerce. The purpose of this essay is to illustrate ...

Fed fund return is the term used in the United States of America. Fed fund return is the rate of return or the interest rate at which the financial institutions especially the depository institutions like credit union and bank lend the excess of its balance, often known as reserve balance, to the other similar kind of depository institutions without having the collateral. The fund that is deposited in the Federal Reserve to maintain the reserve requirement as specified by the regulatory body is called reserve fund.
Bear Stearns and Lehman Brothers did not collapse in a single day. The ...

Bankruptcy is a legal status of a person, organization, or other entity unable to return the debts to creditors. Usually, in such cases people seek Chapter 11 protection from creditors to the court. This ends up the activity of the major organization, however, subsidiaries may still work in a normal regime.
When talking about bankruptcy, it is impossible to omit the history of Lehman Brothers, fourth largest US investment bank until 2008. Established in the middle of 19th century by German immigrants Henry, Emanuel, and Mayer Lehman it was indeed too big to fall (Wiggins, Piontek and Metrick, 2014). ...

Introduction

Situated between the North Atlantic and Arctic Ocean, Iceland is one of the Nordic countries falling into the European continent. The population of the country is 321,000 and the total area of the country is 40,000 sq. mile. Iceland is the least densely populated country in Europe. The capital city of Iceland is Reykjavik which is also the north most capital city in the world. In 2008 when a global financial meltdown started in US after the bankruptcy of Lehman Brothers, Icelandic economy was hurt badly by the crisis. This resulted in the whole banking sector of Iceland ...

HONEST AND INDEPENDENT AUDITORS

The first decade of the 21st century was marred with financial scandals. These scandals led to a worldwide financial crisis and the collapse of some economies. The events brought into focus the importance of the external auditors and their independence. After all, it is upon auditors’ recommendations that financial decisions are made. As can be seen in recent economic events, the recommendations of the external auditors would have profound impact not only on investors or stockholders but also on entire economies. The importance of auditor independence cannot be underestimated. Unfortunately, it is being brought to light precisely because of its ...

Q1.
This simplest explanation for this is that when the economy failed, Bear Sterns spiked the mortgage of people’s houses, which gave the company a negative name and thus led to investors ceasing loans to the firm.
In more complex terms, Bear Sterns tied itself up in numerous derivatives dealings that involved subprime-based investments. Other banks caught on to the amount of “toxic waste”, i.e. The subprime-based investments that the firm held and they stopped making short term loans that Bear Sterns desperately needed to remain liquid. As a result, Bear Sterns was forced to start selling off ...

Abstract

Ethics is one of the most important aspects in accounting yet most often it is misunderstood and misinterpreted in different organizations in an effort to suite their disclosure grounds. Many researchers have blamed various aspects to this trend. For example, some researchers have turned to the learning institutions as a blame for producing half-baked students who fail to meet fundamental entry to the employment industry. For this reason, the employers are forced to enroll these candidates into other classes in an effort to equip them for the workplace environment. However, since the organizations do not have all the time to ...

Money laundering refers to the criminal activity in which money and funds that have been obtained illegally are used to fund or support legitimate and legal activities. In the process, the illegality of the original criminally obtained money and funds is, in essence, “washed” through its use in the legal activity. A more formal definition of money laundering defines it as, “the process through which criminals, hide, disguise, and legitimize the financial proceeds of their crimes” (FATF). There are a number of benefits that money laundering provides to criminals. First, by using the money to fund legal activities, money ...

Abstract

The given case study discusses the rise and fall of Nortel Networks Corporation, which was one of the world’s largest telecommunication corporation. Nortel was a Canadian global organization that was at its peak in the early 2000s and apparently, it botched due to inefficient echelon management, inflated earnings and costs, dysfunctional directors’ board, as well as, illusion of constancy and stability. Although there were numerous possibilities that could have been adopted to prevent the fall and demise of the company; however, those roads were unfortunately not traveled. Nortel’s downfall began when it fails to live up to ...

The financial crisis of 2008 had one of the most devastating impacts on the world economies. The American economy may have been the source of the crisis but the impacts affected almost every country in the world. There are several global implications that resulted from the crisis. This includes the developed economies in Europe and the developing economies in the rest of the world such as Latin America and Africa. The global impacts can be divided into two; the consequences of the crisis on developing nations and on developed nations.

The developing world suffered a great deal during the financial ...

It may be a mere co-incidence or accidental turn of events that the theme, concept, content, genre and approach of two generically different kinds of books can have so much of close association. In order to appreciate this feature, an analytical study of the following two books was made.

1: Technical Book:

- Description: A supplement for undergraduate and Graduate Investments Courses.
- Publisher: Prentice Hall, 5th Edition (January 8, 2013)
- Language: English
- Paperback: 160 Pages
2. Non-fiction Book
- Publisher: W.W. Norton & Company
- Contents: 213 pages
- Language: English
3. Article ...

If the choice is between renegotiation and termination, Missan should renegotiate rather than terminate the contract. Unilateral termination may not be available to the company because of the weak grounds for its justification. It can, additionally, expose the Company to risk for potential wrongful termination, which can result to liability. On the other hand, a renegotiation can give Missan an opportunity to set new terms that are more favourable to it, taking into account the present circumstances.

Repudiatory Breach as Justification for Termination

Missan can only terminate the contract with Depeche if such termination can be justified, otherwise it may be exposed to liability for wrongful ...

Why Isn’t Corporate Crime a Crime in the U.S.?
Corporate crime can be defined as crimes committed either by business firm or a corporation. It can also be described as crime committed by individual that may identified with a corporation or other business entity. A corporate crime is therefore an act of its personnel and need not be authorized or ratified by its officials (Jennifer, 1994). However, the crime is defined as so if the official were exercising customary powers on behalf of the cooperation and not their own accord. This means that therefore, the crime of the corporation involves ...

- Who received the economics Nobel Prize in 2011?
Thomas Sargent of New York University and Christopher Sims of Princeton University were the scientists who were awarded the Nobel peace prize for economics in October 2011.
- What replaced the old paradigm?
A new theory referred to as “rational expectation” was developed to replace the old paradigm. The new theory would enable scientist predict future policy changes.
- Using Sims "techniques”, what influences current GDP?
The GDP using these techniques is influenced by what happens to the GDP. This includes employment, inflation and the ...

In the wake of the financial crisis, the Securities and Exchange Commission took a beating for appearing to sit idly by while the likes of Lehman Brothers and Bernard L. Madoff ran amok.
Government regulators on the Wall Street beat have long been outnumbered and outspent by the companies they are supposed to police. Even after receiving budget increases from Congress in April 2011, the Securities and Exchange Commission is struggling to fill crucial jobs, enforce new rules, upgrade market surveillance technology and pay for travel.
The money squeeze comes as the regulators take on added responsibilities including ...