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In Aftermath of Financial Crisis, Who's Being Held Responsible? | PBS NewsHour | Nov. 24, 2011. JEFFREY BROWN: From the beginning, one theme of the Occupy Wall Street movement has been anger over the financial crisis and whether those responsible have been held accountable. Ray Suarez explores that question. RAY SUAREZ: To date, the government has demanded financial settlements from some of the major firms, including $550 million from Goldman Sachs. It also decided this fall to take some of the country’s largest banks to court on charges they misled investors about risky mortgages before the housing bubble burst.
There have been no prosecutions of high-profile figures involved with the financial crisis. One of the most prominent cases initially pursued by the Justice Department, Angelo Mozilo, the former head of the largest mortgage lender, Countrywide Financial, was ultimately dropped. We get four perspectives now. Lynn Turner is a former chief accountant for the Securities and Exchange Commission. Anton Valukas is a former U.S. attorney. Anton Valukas, let me start with you. Nonlinear.
SE Profit/Pupose. States / Other States : Steel firm official burnt alive by agitating workers. A top official of a small-scale steel plant was burnt alive by agitating workers at Titlagarh, about 450 km from here, on Thursday. The incident is said to be an outcome of brewing resentment over the dismissal of some workers from the plant. Police said that about 30 workers blocked the vehicle of A.K. Ray, Deputy General Manager (Operation) of Powmex Steel, near the plant while he was on his way for home for lunch. Some workers poured petrol and kerosene into the vehicle and set it afire. Some locals rushed to rescue Mr. According to Bolangir Chief District Medical Officer Usharani Das, Mr. The Bolangir police have launched a manhunt to nab the culprits. Ten Nonprofit Funding Models (March 16, 2009) For-profit executives use business models—such as "low-cost provider" or "the razor and the razor blade"—as a shorthand way to describe and understand the way companies are built and sustained.
Nonprofit executives, to their detriment, are not as explicit about their funding models and have not had an equivalent lexicon—until now. M oney is a constant topic of conversation among nonprofit leaders: How much do we need? Where can we find it? Why isn’t there more of it? In tough economic times, these types of questions become more frequent and pressing. Unfortunately, the answers are not readily available. There are consequences to this financial fuzziness.
In the for-profit world, by contrast, there is a much higher degree of clarity on financial issues. The value of such shorthand is that it allows business leaders to articulate quickly and clearly how they will succeed in the marketplace, and it allows investors to quiz executives more easily about how they intend to make money.
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