Goldman Versus the SEC

Finance Professor Nejat Seyhun had the following interview with the University of Michigan News and Media’s Terry Kosdrosky. With his permission we also present the interview. (http://bit.ly/aKqf39).

In the biggest shot at Wall Street since the 2008 financial crisis, the U.S. Securities and Exchange Commission (SEC) has accused banking giant Goldman Sachs Group Inc. of fraud over a financial product tied to sub-prime mortgages. The SEC, in a civil complaint, alleges Goldman didn’t tell investors that Paulson & Co., a hedge fund betting against sub-prime, helped select the pool of mortgages in a synthetic collateralized debt obligation. Goldman says it did nothing illegal. Professor Seyhun says the reputations of both Goldman Sachs and the SEC hinge on the outcome. The problem for both is that neither side has an open-and-shut case. Seyhun, the Jerome B. and Eilene M. York Professor of Business Administration, thinks the SEC’s move and the way it was announced make it clear the Obama administration is serious about financial regulation. Continue reading Goldman Versus the SEC

Sustainability of Organizations

Yannis A. Phillis is a guest  contributor. He is Professor of Engineering at UCLA and the Technology University of Crete.

The following is adopted from:
“Fuzzy Measurement of Sustainability,”  by
Y. A. Phillis and V. S. Kouikoglou, Nova Publishers, NY, 2009, by permission.

An organization is an entity or purposeful structure with boundaries that separate it from its environment. According to Webster’s dictionary it is an administrative and functional structure (as a business or a political party). An organization pursues certain goals such as education (this is a university) or production of goods and services if it is a corporation. Organizations interact with their environment, physical, biological and social, they affect it and become affected by it. It is quite natural then that organizations play an important role in the sustainability of a region or country. Continue reading Sustainability of Organizations

The Successful Business Acquisition Process – Step #9 – Preliminary due Diligence

This chapter reviewed the important step of preliminary due diligence that takes place once a confidentiality agreement is signed and you are satisfied that a lead meets your major criteria.  The preliminary due diligence has three important aspects, a meeting with the seller, one or two company visits and a preliminary review of documentation.  There are four key goals in the preliminary due diligence phase. They are: Continue reading The Successful Business Acquisition Process – Step #9 – Preliminary due Diligence

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