Trade Brains

JANUARY 20, 2023

A Case Study on ‘Satyam Scam’ Accounting Scandal: When the 2008 recession hit the world, India was not only going through a financial crisis but also an ethical crisis. The firm was worth $1billion in 2003. The foundation of the metro plans was laid in the year 2003. Its financials too were perfect.

Banking 131

Banking Accounting Ethics Sales 131

Brown Advisory

JANUARY 20, 2023

As such, even the most ethical taxpayers may feel anxiety about these reports, since they may end up being punished despite the best intentions. In 2014, an 87-year-old, retired specialty-glass importer faced more than $2 million in penalties for failing to disclose a $7 million Swiss account which dated back to the 1960s.

Accounting 100

Accounting Compliance Taxes Banking 100

The Big Picture

APRIL 29, 2025

00:08:57 [Speaker Changed] Well, in 2003, ING acquired Aetna’s financial businesses, and that was the life insurance, retirement and asset management businesses. And, and my boss became head of ING Americas all of the insurance, retirement, and life businesses. He was never going to retire.

Management 130

Management Assets Portfolio Insurance 130

Brown Advisory

JANUARY 20, 2023

As such, even the most ethical taxpayers may feel anxiety about these reports, since they may end up being punished despite the best intentions. In 2014, an 87-year-old, retired specialty-glass importer faced more than $2 million in penalties for failing to disclose a $7 million Swiss account which dated back to the 1960s.

Accounting 52

Accounting Compliance Taxes Banking 52

The Big Picture

DECEMBER 6, 2022

It has to be such a different set, the retirement planning is different, the safety net is different. People in Spain when I was growing up in the ‘80s and ‘90s, they expect to just retire and have the government give them like a paycheck every month. BERRUGA: This is 2003. RITHOLTZ: So you move here from Spain. RITHOLTZ: Yeah.

Clients 162

Clients Investments Investing Management 162

The Big Picture

NOVEMBER 15, 2022

I mean, there were some advisor pickup, but you had to be kind of on the front edge of finance, or a quant, or running your own models, which in 2003, was not that common. Let Mr. Market do his thing and we’ll find out how we did when we get ready to retire. NADIG: Yeah. RITHOLTZ: We’re just going to put our money.

Management 278

Management Assets Portfolio Marketing 278

The Big Picture

JULY 4, 2023

RITHOLTZ: So you launch your own firm IDW in 2003. I’ll have to be when I retire and publish under Anonymous. We are seeing the older generation begin to retire, you have Ray Dalio stepping down at Bridgewater, you have a lot of managers who are now in their late 60s, early 70s or beyond. RITHOLTZ: People will figure out.

Recruitment 147

Recruitment Management Numbers Banking 147