The Business Book

hands-on directors should also spot when rewards for staff are so out-of-control as to threaten the profits being made for share ...

120120 D O N O T L E T Y O U R S E L F B E INVOLVED IN A F R A U D U L E N T B U S I N E S S PLAY BY THE RULES B usiness account ...

121121 See also: Hubris and nemesis 100–03 ■ Profit before perks 124–25 ■ Making money from money 128–29 ■ Accountability and go ...

122122 Although the time frame for implementation is unclear, a widely supported plan is in place to merge the IFRS with the US’ ...

123123 Major accounting misconduct was unearthed by US company Caterpillar Inc. in a Chinese business it purchased in 2012. Irre ...

124 E X E C U T I V E O F F I C E R S M U S T B E F R E E F R O M A V A R I C E PROFIT BEFORE PERKS I n an ideal business, direc ...

125 German mittelstand companies— such as Faber-Castell, a world-leading producer of pencils—are usually family- owned. Director ...

126 I F W E A L T H I S P L A C E D W H E R E I T B E A R S I N T E R E S T , I T C O M E S B A C K T O Y O U R E D O U B L E D ...

127 The Dutch East India Company was the first public company to offer shares. Investors put up money for voyages in return for ...

128 BORROW SHORT, LEND LONG MAKING MONEY FROM MONEY S ome companies opt to “make money from money.” This means they use their ca ...

129 Many manufacturing companies, such as Brazilian paper company Aracruz (known as Fibria since 2009), used the treasury functi ...

130130 T H E I N T E R E S T S O F T H E S H A R E H O L D E R S A R E O U R O W N ACCOUNTABILITY AND GOVERNANCE A ccountability ...

131131 Companies that bury their heads in the sand—like the proverbial ostrich— may be reluctant to be held accountable for acti ...

MAKE THE BEST QUALITY OF GOODS AT THE LOWEST COST PAYING THE HIGHEST WAGES POSSIBLE YOUR WORKERS ARE YOUR CUSTOMERS ...

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134 M ost economic models state that during the early stages of economic development, low-wage workers find themselves making pr ...

135 workers dissatisfied, and pushed labor turnover to higher than 370 percent—the average employee stayed for only three months ...

136 food, leaving the average family with a huge surplus with which to buy nonessential items that quickly become “necessities,” ...

137 the time Primark had reached its strongest phase of growth in the 2000s, its senior executives were in their 60s and 70s. It ...

UTILIZE OPM WHO BEARS THE RISK? OTHER PEOPLE’S MONEY ...