Grapes
Tuesday, May 08, 2018
Benefits and challenges a diverse workforce brings to an organization
Benefits
and challenges a diverse workforce brings to an organization
Introduction
Definition of diversity can be taken
as people from varied background working together in an organization to make it
successful. These differences in individuals could be religious and political
beliefs, gender, ethnicity, education, socioeconomic background, sexual
orientation and geographic location. The idea behind implementing diversity in
an organization could be any but the output is one single conclusion: To bring
different thoughts in a discussion before taking a final decision which may
help the organization to become more profitable. Diversity is one of the top
agendas for fortune 500 companies, as they realize that through diversity they
would be able to tap talent from an international arena and would also gain
place in world wide survey on best places to work. Making sure we have enough
percentage of people from all backgrounds also makes sure that we are
approaching an overall wholesome growth. Companies are lining up to consultants
to make sure their diversity index is in place and healthy as it is also an
index of valuation of the company.
Benefits
and challenges a diverse workforce brings to an organization
As a first look it may seem like a
win-win situation but on hindsight sometime having diversity in an organization
can backfire. It has been noticed in a few countries and organizations that
having a diverse set of people leads to an abeyance of any crucial decision.
The final call is taken by the CEO and therefore having a diverse set of people
in the top management can only add to time consumption. CEO may get influence
by his diverse counsellors, but this may only add more to his confusion.
To manage diversity, we need very
firm company policies in place. Let’s start by taking examples where diversity
has been a boon to the organization. Marketing earlier considered to be
stronghold of men. But what the world was missing was a touch of creativity and
empathy in all the marketing commercials. Customers more often are women who
also have a major say in products that are designed for men. For example,
aftershave and deodorants. Once women came in to the field of marketing, the
most important aspect that was missing suddenly started to appear. Women bought
the desirability factor in the commercials. Prior to women being a part of the
marketing team, commercials were meat to publicize the function or feature of
the products. Its only when women came on to the decision table that the
desirability factor was brought into commercials. Now most of the commercials do
not focus on the features of the product but now showcase what would be the
result if you use the product. This tough of creativity was brought when women
entrepreneurs came in the board rooms.
Regional
diversity
Another advantage of diversity is
that the talent pool increase. Diversity can also include employees from
different countries. So if we are
running short of talent on IT or any other software technology, we can also
float applications in other countries where we can find the required talent
pool. Diversity makes the pipeline for talent literally endless. We can hire
the right talent not just from different regions in the country but also from
different continents.
Diversity can have a negative impact
on the organization. Some crucial decisions may be left unanswered only because
the board is diverse, and all have opposing views on a particular topic. Let’s
take the current example of guns being banned from the United States. Since the
decision makers are all from diverse backgrounds it become very difficult to
come up with a law. Some say guns are essential since they are primary source
of self defense for women who are alone at home. Some are against guns since we
have seen an alarming number of students bringing guns to schools.
One more issue doing rounds nowadays
is whether to legitimize same sex marriage. People who are firm believers in Pope
do not sanction such marriages as they think they are against nature. On the
other hand, another diverse set of people who empathize with LGBT believe it is
only one way of expressing themselves and every person has the right to do so.
Therefore, we see that having a diverse set of people brings in diverse set of
ides with them which can lead to hours of discussion but not coming to any
conclusion.
On the other hand, when we see
successful corporations like Apple and Dell, we figure that these organizations
were run by one single force and everyone complied to their thoughts. There was
no room for diverse ideas in these organizations and we can safely say that
since everyone was aligned to one single thought the organization was the
benefactor. The top management did not waste precious time in arguing on the
pros and cons of an idea but mutually helped each other to reach fulfillment of
the CEOs diktat.
Recruitment
can have a major impact on diversity
Diversity can be effective for an
organization only if it is routed through the right channels and can be
controlled. One of the best ways to bring diversity in an organization is
through recruitment. The top management once it has decided to bring in fresh
talent from diverse source should hand over the baton to the Talent Acquisition
team. This is one of the best controlled ways since we can limit or increase
the intake of any specific group. Secondly the Training and Development
vertical becomes very crucial since the T&D department can train employees
on diversity training and make the employees more sensitive towards the need of
their fellow employees. One such example of these intervention is to make women
feel safe in the office environs and training all employees on prevention of
sexual harassment for either sex. If training not done properly can have very
bad and far reaching consequences which can also make an organization loose it
existence.
Diversity
led cartelization
Another major disadvantage of
diversity is cartelization among the employees. A strong idea which favors a
set of employees can be heavily defended by them and the minority group
opposing it may become isolated with no support. Individual differences may
become magnified and disagreements may turn into ugly altercations. This can
lead to certain set of people never discussing their thoughts and ideas with
others. These ideas could be worth million dollars but when a certain set of
people see their ides continuously being rejected by the greater group they may
stop giving their valuable inputs.
Diversity can have its own challenges
in terms of compensation of employees also. Suppose there is a job for an
Executive Assistant to the CEO and the salary is 10,000 dollars a month. If the
company recruits a person from a different country where the compensation is
not so steep and hires the diverse talent at half the compensation that was budgeted.
After some time, the EA to CEO figures out that the salary for EA to COO is twice
that of her, she would not be motivated on knowing this. Compensation for a
diverse company becomes a major challenge for HR in an organization. We have
also recently come across many incidents from film industry where the women are
paid significantly lesser than their men counterparts. This has raise a huge
hue and cry from the across the world. This is also one of the classic cases
where diversity if not managed well can lead to a detrimental effect in the
organization. Also, we have seen that employees who are not from a country are
not paid at par with the employees of that country. This has a high demeaning
effect on the organization. Not just being bad mouthed but being debarred from
countries for recruiting.
If senior management is looking or
diversity among them, then they need to be even more careful about the
selection and should approach a structured way to do so. Generally, it is
noticed that diversity leads to lot of critical issues going through multiple
rounds of brainstorming which can lead to unnecessary delays. Also, what has
been researched is that some issues may lead to cartelization among the members
of the deciding committee and they may try to isolate people of opposing views.
This could result in altercations and indefinite abeyance of critical decisions
Conclusion
To summarize all our learning from
the research that we did on diversity, it can be clearly stated that there is
nothing in black and white. There are a lot of grey areas where we are not very
confident if diversity is a boon or a bane. One important aspect to notice is
that diversity needs to be oriented properly in any company. If left unattended
then it can lead to serious repercussions. Its also critical for organizations
that do not push for diversity, since knowingly or unknowingly they might be
heading for a diverse set of people in their organization given the alarming
rate of digital networking. The crux of the matter is that each company should
have proper metrics in place for its diversity. Whether they are planning for
diversity or not, the metrics should be in place.
.
Sunday, April 20, 2014
How to solve a Rubik's Cube
Bottom layer solve yourself to get all edges correctly
To solve the Second layer
Second layer solved
To solve the top layer Search for "Mirror image of L" on the top left corner
F R U Ri Ui Fi
Then get an vertical Blue I, Make it horizontal by turning the cube
Do again
F R U Ri Ui Fi
Aim is to get a cross Blue on the top if your bottom face is green
Do the below to get the cross with correct cells on the face side
R U Ri U R U U Ri
Now to bring the remaning 4 edges with the correct color of cells even tjough not oriented properly keep doing below
Right Corner 3 sides to be correct position - To bring 3 sides of the edges to the correct position
U R Ui Li U Ri Ui L
Now once we have all edges with right colored cells even though not oriented properly we will try to complete the cube
Keep on your right top side the cell that needs to be reoriented correctly in the cube top layer, do not worry about the rest.
Once it comes in the right place by doing
Note - To get Di you need to face the down of the cube and see when it turns anticlockwise
Ri Di R D
Move only the Top face to get the other edge with correct colors but not oriented properly , keep that edge cell on the top right corner and repeat
Ri Di R D
Keep moving only the top "U" face to get the edge that is not oriented properly to show correct colors by doing
Ri Di R D
To solve the Second layer
To solve the second layer align the center piece with the bottom layer
The center piece is the middle cell in the second row
Then align the same color with the top most center column so that you have an inverted "T" of the same color
You need to make sure that the top most cell (the color on the "U" side oy Upper side ) needs to be moved to the right or the left so that the second layer is solved for that adjacent side to face. So if your inverted T is of Orange color. You might have a Yellow or White on the Upper face of the cell of inverted "T"
You need to move the yellow topmost cell to the left and if it is white then to the right.
To move the top middle side to the correct side
Left move
Ui Li U L U F Ui Fi
Right move
U R Ui Ri Ui Fi UF
Second layer solved
To solve the top layer Search for "Mirror image of L" on the top left corner
F R U Ri Ui Fi
Then get an vertical Blue I, Make it horizontal by turning the cube
Do again
F R U Ri Ui Fi
Aim is to get a cross Blue on the top if your bottom face is green
Do the below to get the cross with correct cells on the face side
R U Ri U R U U Ri
Now to bring the remaning 4 edges with the correct color of cells even tjough not oriented properly keep doing below
Right Corner 3 sides to be correct position - To bring 3 sides of the edges to the correct position
U R Ui Li U Ri Ui L
Now once we have all edges with right colored cells even though not oriented properly we will try to complete the cube
Keep on your right top side the cell that needs to be reoriented correctly in the cube top layer, do not worry about the rest.
Once it comes in the right place by doing
Note - To get Di you need to face the down of the cube and see when it turns anticlockwise
Ri Di R D
Move only the Top face to get the other edge with correct colors but not oriented properly , keep that edge cell on the top right corner and repeat
Ri Di R D
Keep moving only the top "U" face to get the edge that is not oriented properly to show correct colors by doing
Ri Di R D
Monday, March 17, 2014
Reading between the lines in an Interview
We have designed a special role for you
It means
We have absolutely no idea what we are going to do with you
This is a challenging role
It means
You have to challenge authorities to know what they want
from you
This is a once in a lifetime opportunity
It means
The job will be so arduous that you may not live long enough
to see another opportunity
You will be directly reporting to the head
It means
In our organization people do not have access to the
business heads. You are lucky
We expect you to be well read in your area
It means
I have no questions to ask
Types of Interviews
Human Resource is one of the most strategic partners for any organization. One of the most essential areas of Human Resources is the recruitment. From attraction, selection to retention, recruitment is critical for all 3 divisions. To make sure that we have the right candidate we need to take a couple of steps to assess the candidate.
Selection can be based on Competency Based Interview or Situation Based Interviews. Also the management can come to a consensus to take Assessment Centers for senior positions or go for Live Projects when it comes to recruiting key talent for the company. Many companies assess the abilities of candidates through case studies, aptitude tests and also psychometric tests.
The best evaluation instrument in the hands of the recruiter is the Competency Based Interviews or Situation Based Interviews. In a Competency Based Interview also known as Behavior Based Interview the interviewer tries to extract competencies from an informal discussion on the past experiences of the candidate. The interview can also be a structured one, in which all the questions are predefined and competencies are extracted from what the candidate has done in the past.
The technique used is called STAR viz. Situation, Tasks, Actions and Results. You need to ask questions regarding a past Situation and how did the incumbent tackle the situation. What “tasks” he did. What “Actions” those tasks included. And finally what were the results of those activities. During the entire discussion on STAR you would come to know on the competencies of the candidate.
Another interviewing techniques the Situation Based interview in which competencies are arrived through answers of questions which are on a hypothetical situations. For example you are leading a post of 5 army men on a task and you realize that two have fled the post, one is sick and two others do not like each other. You are stuck in a no man’s land and have to send a message urgently to your regiment which is some 5 kilometers away. How would you do it? While answering the candidate would display signs of competencies which you are looking for. The interviewer needs to carefully assess each of his answers and arrive at a conclusion whether the candidate has the competencies they are looking for.
Selection can be based on Competency Based Interview or Situation Based Interviews. Also the management can come to a consensus to take Assessment Centers for senior positions or go for Live Projects when it comes to recruiting key talent for the company. Many companies assess the abilities of candidates through case studies, aptitude tests and also psychometric tests.
The best evaluation instrument in the hands of the recruiter is the Competency Based Interviews or Situation Based Interviews. In a Competency Based Interview also known as Behavior Based Interview the interviewer tries to extract competencies from an informal discussion on the past experiences of the candidate. The interview can also be a structured one, in which all the questions are predefined and competencies are extracted from what the candidate has done in the past.
The technique used is called STAR viz. Situation, Tasks, Actions and Results. You need to ask questions regarding a past Situation and how did the incumbent tackle the situation. What “tasks” he did. What “Actions” those tasks included. And finally what were the results of those activities. During the entire discussion on STAR you would come to know on the competencies of the candidate.
Another interviewing techniques the Situation Based interview in which competencies are arrived through answers of questions which are on a hypothetical situations. For example you are leading a post of 5 army men on a task and you realize that two have fled the post, one is sick and two others do not like each other. You are stuck in a no man’s land and have to send a message urgently to your regiment which is some 5 kilometers away. How would you do it? While answering the candidate would display signs of competencies which you are looking for. The interviewer needs to carefully assess each of his answers and arrive at a conclusion whether the candidate has the competencies they are looking for.
Similarities between driving and life
I was driving my car to office and when I learnt the 3 biggest lessons of my life. It was uncanny how driving had a striking similarity with life. Driving teaches us many lessons which we would not have learnt if it was not for driving.
Why is the rear view mirror smaller than the windshield? It is so because it reminds us that we need to keep our past memories and undue worries in a very small part of our perspective. The major part should be to have a vision and look ahead at the present and the imminent and the future.
Also while we drive we only view the broad road, the small pebbles and potholes can be ignored since if we kept trying to avoid them we would end up spending more fuel on going zig-zag rather than straight forward. Similarly in life we need to ignore or just bear the small problems keeping the bigger vision in sight. If we keep solving all the small problems in life, we would be spending significant time and energy on those small issues and would be diverted from our greater goal in life to enjoy the presents that God has bestowed upon us. We need to be alert and awake for a bigger goal and a greater vision than to be bothered about the small potholes and pebbles on the way.
A striking resemblance is driving and in life is on the speed of your driving. The person behind you will not honk you till the time you are giving him space to move and he is aware that he cannot drive any faster than what he is currently doing. The moment he sees a stretch of empty road in front of him he pushes the paddle hard enough. Similarly in life, in work place, when you see your boss moving above the corporate ladder in a steady pace you are not upset since you know he would be making space for you. The moment you are hit by an incompetent boss who you know will not move from him current position you start feeling asphyxiated since if he doesn’t move; he wouldn’t let you move too.
Friday, May 17, 2013
A Big Fat Indian Wedding
If you have been to India and missed on attend any one of
the big fat Indian weddings then you surely missed a lot. India is the melting
pot for all traditions and rituals. What any Indian woman has dreamt from her
childhood is, how grand would her wedding be and how she would look like a doll
in her wedding dress.
The preparations for an average Indian wedding starts as far
as a year before the wedding date. Most hectic are the final two months before
the wedding, the last mile is the most chaotic. The dust settles only a week
after a week-long marriage is completed.
There is also a long tradition of matching the stars of the
bride and the groom before they actually meet. India is more focused on the
compatibility of the stars in the heaven then with the compatibility of the boy
and the girl. Arrange marriages are a big preference in India.
The Indian marriages are getting expensive day on day. The
amount of money spent on a single wedding can reach to an obscene figure of
crores in the Indian market. The jewelry has to be exquisite the clothes have
to be unique and in vogue. The gifts need to be lavish. The attendees of the
auspicious occasion need to come in different attire for every ritual and the
rituals end for a couple of days and sometimes stretching to weeks.
The Indian weeding is a resemblance of the celebrations that
an average household in India attaches to the occasion of marriage. All
relatives need to be flown in to attend the wedding and shower their blessings
on the bride and the groom.
Indian Marriages are a series of events best summarized in
five days. The first day of celebration is called the “Mehndi Night”. On that
day the relatives put Henna, a kind of tattoo, on the palms of the bride and
themselves.
The second day is called the “Mangal Snan” – The holy bath
in which relatives help the bride and the groom put Haldi (Turmeric) on the
hands and legs of the bride and the groom. This is done to ward off any evil
sights from them and also to give their body strength to endure the week long
events in front of them.
The third day is the night of marriage when the groom walks
up to the brides place and marries her.
The fourth day is when the groom carries the bride back to
his house and the girl leaves the house of her parents.
The fifth day is the Wedding Reception day when the Grooms
family members invite all their relatives and neighbors to announce that the marriage
has culminated.
Thursday, February 14, 2013
Lick into shape
Meaning
To transform a faulty object or venture into something that works effectively.
To transform a faulty object or venture into something that works effectively.
Thursday, February 07, 2013
Amazing Websites
http://www.spellcheck.net/;
http://copyscape.com/
http://websitegrader.com/
http://www.ezrewrite.com/
NameServerLookup.net
http://checkdomainage.com
http://whoisinfo.ws/
http://www.caroline-middlebrook.com/blog/do-follow-social-bookmarking-sites/
Boorkmarking website
http://submitterbot.com
http://ultrinsic.com/
http://www.english-for-students.com/
http://www.mailchimp.com/
The way back machine
http://copyscape.com/
http://websitegrader.com/
http://www.ezrewrite.com/
NameServerLookup.net
http://checkdomainage.com
http://whoisinfo.ws/
http://www.caroline-middlebrook.com/blog/do-follow-social-bookmarking-sites/
Boorkmarking website
http://submitterbot.com
http://ultrinsic.com/
http://www.english-for-students.com/
http://www.mailchimp.com/
The way back machine
Quotes
I don't measure a man's success by how high he climbs but how high he bounces when he hits bottom.
-George S. Patton
In order to succeed, your desire for success should be greater than your fear of failure.
-Bill Cosby
A man may fall many times, but he won't be a failure until he says that someone pushed him.
-Elmer G. Letterman.
If you believe you can, you probably can. If you believe you won't, you most assuredly won't. Belief is the ignition switch that gets you off the launching pad.
-Denis Waitley
Each morning when I open my eyes I say to myself: I, not events, have the power to make me happy or unhappy today. I can choose which it shall be. Yesterday is dead, tomorrow hasn't arrived yet. I have just one day, today, and I'm going to be happy in it.
-Groucho Marx
There are no great people in this world, only great challenges which ordinary people rise to meet.
-William Frederick Halsy, Jr.
Someone's sitting in the shade today because someone planted a tree a long time ago.
-Warren Buffett
The tragedy of life doesn't lie in not reaching your goal. The tragedy lies in having no goal to reach.
-Benjamin Mays
Size isn't everything. The whale is endangered, while the ant continues to do just fine.
-Bill Vaughan
Many of life's failures are people who did not realize how close they were to success when they gave up.
-Thomas A. Edison
-George S. Patton
In order to succeed, your desire for success should be greater than your fear of failure.
-Bill Cosby
A man may fall many times, but he won't be a failure until he says that someone pushed him.
-Elmer G. Letterman.
If you believe you can, you probably can. If you believe you won't, you most assuredly won't. Belief is the ignition switch that gets you off the launching pad.
-Denis Waitley
Each morning when I open my eyes I say to myself: I, not events, have the power to make me happy or unhappy today. I can choose which it shall be. Yesterday is dead, tomorrow hasn't arrived yet. I have just one day, today, and I'm going to be happy in it.
-Groucho Marx
There are no great people in this world, only great challenges which ordinary people rise to meet.
-William Frederick Halsy, Jr.
Someone's sitting in the shade today because someone planted a tree a long time ago.
-Warren Buffett
The tragedy of life doesn't lie in not reaching your goal. The tragedy lies in having no goal to reach.
-Benjamin Mays
Size isn't everything. The whale is endangered, while the ant continues to do just fine.
-Bill Vaughan
Many of life's failures are people who did not realize how close they were to success when they gave up.
-Thomas A. Edison
Thursday, November 17, 2011
Johnny and his dad
Johnny’s dad: Hey Johnny why you do not go out and play
Johnny is busy on his computer, doesn’t care to look at his dad
Johnny: I am playing dad
Johnny’s dad: I don’t mean those stupid games, I mean go and play with your real friends on a real ground
Johnny: I won’t find them there
Johnny’s dad: Why?
Johnny: They are already playing with me here
Johnny’s dad: Oh God what the world has come to
Johnny: Dad aren’t you proud I am the strongest player in the team
Johnny’s dad (frowns): You certainly do not look like, Hey why do you not have something to eat
Johnny: I had just now an online sandwich and a full glass of milk at the virutalbreakfast.com
Johnny’s dad: But you do not like milk at home
Johnny: Yes dad, this milk gives me 200 extra bonus points so I can kick ass
Johnny’s dad: What about your school
Johnny: Yes dad I will be there in the next 15 minutes
Johnny’s dad: But your school is a good half an hour away
Johnny: Dad my school is also online
Johnny’s dad: And what about your teachers
Johnny: Yes they are online too. Mr Jacob, our chemistry teacher, is visiting a ladies club now and Mrs Allyson, our gym instructor, is sharing her pictures, I must say she is something
Johnny’s dad: Oh no, what are you doing – Do not do that, she is your teacher Johnny
Johnny: Yes dad but I am not visiting her profile as me, I am visiting her profile as you
Johnny’s dad: You naughty little beast
Johnny: No dad she actually wants more of you
Johnny’s dad: (Gulps a swallow): Come move, let me see too (sits next to Johnny)
Johnny’s dad: Do you have a girlfriend
Johnny: Yes dad she is the latest in town
Johnny’s dad: I am proud to hear that, where does she live
Johnny: She lives in the GoGetaGirlfriend.com
Johnny’s dad: Hey those websites you should not visit
Johnny (still focused on his computer): Do not worry dad I do not use your credit card. I still am on my teacher’s credit card. He visits so many sites that I can always sneak in his account and he would never notice
Johnny’s dad: Oh good, so now you are a thief too
Johnny: No dad, its call hacking, thief’s too lame
Johnny’s dad: I want you to get out of your computer world and go enjoy a fulfilling life like I did and make some real friends like I had
Johnny: DAD!!!!!!!!
Johnny’s dad: NOW!!!!!!!!!!!
Johnny leaves the room
Johnny’s dad logs in to the computer and you hear “Welcome Johnny’s dad, I had been waiting for you. Mrs Allyson wants more of you”
Saturday, October 15, 2011
Love
To love and be loved is everything
To be loved is something
To love is nothing
To be loved is something
To love is nothing
Tuesday, September 13, 2011
Brian Moynihan comes with the age old remedy to spruce up operations
The embattled Bank of America (NYSE:BAC) CEO Brian Moynihan is using a axe to his expansive monetary business with a strategy declared the other day to reduce 30,000 jobs as the financial institution employer battles to get his financial house in order. The total reductions, that sum to around 10 pct of the behemoth Charlotte, NC banking institutions head count, is part of a larger strategy carried out by Moynihan -- named Project New BAC -- to reduce around $5 billion in expenses.
We do not have to be the largest organization out there - Moynihan informed the market at a Barclays Capital investor's conference, verifying a broadly expected move. We have to be the best. The Bank of America chief is demanding to take apart the financial institution designed by previous CEO Ken Lewis by means of the shotgun purchases of Merrill Lynch and Countrywide Financial in the course of the economic situation.
The lay offs arrive right after couple of traumatic weeks, as worries regarding the bank's mortgage debts have lead in the company hemorrhaging almost 48 pct of its net worth this year -- about 30 percent of it came from last 30 days alone. The work reductions are anticipated to be carried out over the following two years and may happen mainly at its customer banking divisions.
Moynihan also is not ruling out the likelihood that its non performing "Countrywide Financial" company might be put into bankruptcy to assist the organization restructure -- a strategy that a few experts have advised is the finest way with regard to Bank of America to handle the pile of risky mortgages it was passed down from the mortgage factory. There are choices around all these things that we proceed to work on, he said answering to one question.
Moynihan has recently been working out on a number of methods to secure Bank of America s balance sheet, some of which includes selling 50 percent of its approximately 11 pct position in oriental loan company China Construction Bank for $8.5 billion. Unexpectedly, Moynihans jobs-reducing discussion arrived as President Obama declared a $447 billion jobs-generation bill.
Bank of America is currently trading at 7.05 dollars. It operates in Financial Sector and Money Center Banks industry. For the 2nd quarter ending July 2011, it has a net profit margin of -66%, an Operating margin on -97%. Its total employees stand at around 287, 839 making it one of the biggest organizations in the US.
We do not have to be the largest organization out there - Moynihan informed the market at a Barclays Capital investor's conference, verifying a broadly expected move. We have to be the best. The Bank of America chief is demanding to take apart the financial institution designed by previous CEO Ken Lewis by means of the shotgun purchases of Merrill Lynch and Countrywide Financial in the course of the economic situation.
The lay offs arrive right after couple of traumatic weeks, as worries regarding the bank's mortgage debts have lead in the company hemorrhaging almost 48 pct of its net worth this year -- about 30 percent of it came from last 30 days alone. The work reductions are anticipated to be carried out over the following two years and may happen mainly at its customer banking divisions.
Moynihan also is not ruling out the likelihood that its non performing "Countrywide Financial" company might be put into bankruptcy to assist the organization restructure -- a strategy that a few experts have advised is the finest way with regard to Bank of America to handle the pile of risky mortgages it was passed down from the mortgage factory. There are choices around all these things that we proceed to work on, he said answering to one question.
Moynihan has recently been working out on a number of methods to secure Bank of America s balance sheet, some of which includes selling 50 percent of its approximately 11 pct position in oriental loan company China Construction Bank for $8.5 billion. Unexpectedly, Moynihans jobs-reducing discussion arrived as President Obama declared a $447 billion jobs-generation bill.
Bank of America is currently trading at 7.05 dollars. It operates in Financial Sector and Money Center Banks industry. For the 2nd quarter ending July 2011, it has a net profit margin of -66%, an Operating margin on -97%. Its total employees stand at around 287, 839 making it one of the biggest organizations in the US.
Sunday, August 21, 2011
Running for the future
It’s simple... In 24 hours we spend 8 hours sleeping so in a day we spend 1/3 rd of our time sleeping. So by corollary we understand that 1/3 rd of the life is spent in sleeping.
On the other note and a very different one. We all live in a life of future... by this I mean we always live in a world of I will do this; i will do that and what I need to do for the future. Even great philosophers have said the same thing. Dream, dream big... I do not understand why we need to live in the future. If we strive not to live in the past we need not to strive to live in the future too. May be it’s just a thought. Evolution may mean living in the future, but isn’t it taking our precious present away from us.
Subscribe to:
Posts (Atom)