Friday, January 24, 2020

Essay --

Fighting is not always the right way to go, and you should pick and choose your battles because, you are not going to win every fight, and there is always going to be someone bigger and better than you, but Malcolm X proved that sometimes it is ok fighting for what you believe is right. He fought for what he believed in, and that was full freedom and equal rights for African Americans. Malcolm X went from humiliation to admiration for fighting for what he believed was right to him. Malcolm X sacrificed his life for the most worthy cause of the 20th Century because he fought for equal rights African Americans, he was a big part of the Civil Rights Movement, and he was Black Panther leader. Malcolm Little, better known as Malcolm X, was born on May 19, 1925 in Omaha, Nebraska. Malcolm X was an intelligent and a very absorbed student in school. Malcolm X graduated top of his class. Later on, when X got in high school, a favorite teacher told Malcolm his aspiration of becoming a lawyer was "no realistic goal for a nigger," Malcolm lost interest in school. He dropped out. During the 20th...

Wednesday, January 15, 2020

American International Group, or AIG

Ann-Katrin Kohnle Organizational Behavior AIG American International Group, or AIG, started out as a company that represented American insurance companies in Shanghai. The company moved on to become a reinsurance company in the United States that would hekp insurance companies disperse their liabilites and therefore aid those companies to grow faster. In 1968, Maurice Greenberg took over as CEO and AIG grew and expanded into countries around the world. Today, AIG does not only provide reinsurance services anymore but also financial services.Maurice Greenberg was born in 1925, is a war veteran and graduated from New York law school. He had a very autocratic approach to leading AIG. His goal was to expand AIG and many political key figures asked him for advice. Because he gave advice to influential people and lobbied effectively, he was often given the benefit of the odubt when questionable practices within AIG became known. In the early 2000s there were several investigations into AIG aimed at clarifying questionable insurance practices and schemes used ot boost AIG’s revenue.As a result, Greenberg was asked to step down as the CEO in 2005 and he is currently the CEO of C. V. Starr & Co Inc. Greenberg was succeeded by Martin Sullivan, Robert Willumstad, and Edward Liddy, who is the current CEO of AIG. Leading up to the bailout of AIG in 2008, the company was involved in riskier and riskier transactions. AIG used credit default swaps that allowed other companies to transfer their risk to AIG in case their securities defaulted. However, AIG did not have enough money to actually pay all these companies once the recession hit.As a result, the federal government agreed to bail out AIG to save it from sure bankruptcy. Not all of AIG was to blame for its downfall, however. One department of the company, AIG Financial Products, dealt with hedge funds and very risky transactions that earned AIG billions of dollars but that also brought down the whole company in th e end. Even though it seems as though employees of AIG knew about the potential threat the Financial Products section posed to the entire company, nothing was ever done to impose stricter regulations on the department.On the contrary, big money and benefit incentives were given to the employees who brought in the most money. However, the transactions that brought in the most money most often also were the transactions that were the riskiest resulting in a very high risk portfolio. After the bubble exploded because AIG could not pay the institutions they had promised money to, the government bailed them out mainly because if AIG would have gone down, many other national and international companies that depended on AIG to do well would have failed as well.Until today, Greenberg who was CEO of the company the longest, maintains his innocence and states that he always acted in the best interest of the company and no unethical behavior was going on. The big question, however, is if the b ailout was necessary or justified. Should a company that has gambled away individuals’ and businesses’ money be rewarded for failing or should they have taken the fall and endured the consequences?

Tuesday, January 7, 2020

Leader, Leadership, And Management - 1430 Words

Leader is a word denoted to people in authority, but are all people in authority truly leaders? This is a common question raised by people around the world. There are different opinions on the subject regarding â€Å"leadership† and â€Å"management†. These two words are expressed and understood differently. Some treat both terms equally using the words irrespectively of the other. There are those who believe there are fundamental differences, but believe an individual may be successful as both leader and manager in a particular role. Others approach these designations as opposites and argue you cannot be a good manager while being a great leader. Ultimately, organizations need leaders to provide vision and managers to make those visions a reality. Let us begin by defining the word leader. Based on a dictionary definition, â€Å"leader† is â€Å"1. A person or thing that leads, 2. It is a guiding or directing head, as of an army, a movement, or a politic al group†. Furthermore, definitions of â€Å"leadership† include â€Å"1. The position or function of a leader, a person who guides or directs a group, 2. Ability to lead, 3. An act or instance of leading; guiding; directing.† Additionally, words synonymous with leadership include command, initiative, and influence. Many definitions delineate the word leadership, but ideally, great leaders influence their peers and followers to become better at who they are, and what they do. In addition, because of the example leaders set, followers willShow MoreRelatedGood Leadership And Management Leaders1424 Words   |  6 PagesSuccess in organizations requires capable leadership and management leaders. Every company, organization, and foundation has a specific goal to reach. The best way to achieve this goal is to have a good leadership and capable management leaders. 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