In 2010, after working at Regions Bank for 6 years, Noah Lott helped found Nova Capital Corporation, a venture capital firm that invested in the technology sectors.
NCC went public in 2012, and Lott served as its CEO and chairman of the board. Various documents filed with the SEC stated that Lott “earned his MBA in finance from
Harvard University and an undergraduate degree in management.” In fact, he attended Harvard for only year and did not graduate. After being pressured by a journalist,
Lott disclosed the misrepresentation to the NCC board. The same day, the company issued a press release correcting the statement.
The press responded negatively to “another CEO that lied about his resume” and speculated about “what else might not be right.” On the day the press release was
issued, NCC’s stock price dropped from $33.58 per share to $26.40, but it fully recovered within a six weeks.
Shareholders sued, alleging that the misrepresentation violated section 11 of the 1933 Act, section 10(b) of the 1934 Act, and Rule 10b-5.
Was Lott’s lie about having a college degree material?
Would your answer be the same if a CEO lied about having helped to take a company through an initial public offering and subsequent acquisition by another company and
having led a pharmaceutical company from incorporation through human clinical trials and launch of a new drug?
If you were a member of the NCC board, would you be comfortable keeping Lott as CEO once you learned that he had lied about having a college degree?
Scenario 4 – Bankruptcy and Secured Transactions
Coastal Property Restoration (CPR) periodically purchased used restaurant equipment from Slyce Pizza Company. CPR refurbishes and sells restaurant equipment to small
restaurants. In December 2015, CPR purchased five used pizza ovens for $25,000. Because of the good relationship between the companies, Slyce financed the ovens for
two years; however, Slyce did not obtain a perfected security interest in the ovens. In July 2016, CPR sold four of the ovens to another refurbishing company for
$2,000 two days before filing bankruptcy. CPR still owes approximately $20,000 to Slyce for the ovens.
Evaluate the legal and ethical issues associated with CPR’s sale of the pizza ovens before filing bankruptcy. What recourse does Slyce have in recovering the monies
still owed on the equipment or the remaining oven?
Must be in APA format 7th edition
Textbook: Bagley, C.E. (2015). Managers and the Legal Environment: Strategies for the 21st Century (8th ed.). Mason, OH: South-Western Cengage Learning. ISBN:
9781285860374
SAMPLE SOLUTION
I value my folks, who pushed me out of my usual range of familiarity and helped me in turning out to be who I am today.
The KLM airplane’s co-pilot reacts with ” we are currently at take-off” to which the Air traffic Control tower reacts with “alright”. In this manner, KLM expected leeway was endorsed and started to move towards the runway landing area. Indeed the pinnacle assumed, The KLM airplane was at take-off position and was anticipating last freedom. The pinnacle pronounced another radio call to KLM “hold on for take-off, I will call you” anyway this message was not heard by KLM pilots because of glitch and obstruction in radio signs. Inside flicker of eye, the co-pilot of Pan American flight looking out through windows protected by the hazy mist, sees beams of light drawing nearer and closer, out of nowhere understanding its another airplane, with intrinsic dread yells to the commander to “Get-off, Get-off”. Sadly, the Pan American flight attempted to veer off the runway. Suddenly, everything finished in short order. (Reference)
An internship is a disciplined and supervised experience in a professional place in which the student is discovering and gaining essential experience, also the student get the opportunity to use all the knowledge that gained in College or University.
Furthermore, It is required of all the students to fulfil the course and complete the degree of Bachelor also it is essential to graduate from the University. The internship program has a certain time period that the University offer to the student in order to achieve all the goals that assigned by the professional organization in different departments.
For German university 6-8 weeks are allocated for the internship program at the company or institution that chosen by the students.
Consequently, I have chosen Weatherford Company to complete the training program during the time period 6th of August 2017 until the 14th of September 2017 in Weatherford laboratory department located in Ghala Industrial in Oman.
Hence, this report provides information about summer internship. The report mainly discusses multi topics related to the summer internship and the main object of this internship. Moreover the activities that the student gets a chance to participate during the internship period.
Nevertheless, we also look at the company description which talk about the company location, background and the services that provide by the company.
This report will also talk about the goals achieved by the student during the training period and knowledge that the student gets from this experien
Weatherford is an international oil and gas service company which was established in 1987. The company operates in 100 states and employ over 52,000 people around the world. The company main office in Oman is located in Al Azaibah, Weatherford also has other branches around Oman in different regions for example Nizwa, and Gahl
Weatherford’s mission is to be one of the preferred and best companies in a wide range of oilfield services and products as well as technologies that help the customers produce oil more efficiently and conveniently. By providing all the important and useful requirement that the client need for long and short term.
Moreover, operators always seek for new techniques to extend the economic lives of the reservoir also a safe way to solve various challenges connected to aging well, where Weatherford Company offers all the Innovative technology and high quality services to confront these challenges.
Weatherford Provides different services in drilling and formation evaluation, well construction, completion and stimulation, also production.
To begin with drilling services and formation evaluation, which contain different categories, for example laboratory services, reservoir solutions, surface logging system, and wireline services.
Having considered the services provided by the company, it is also reasonable to look at the different categories and their definitions, start with the first category laboratory services.
Weatherford laboratories deliver a set of basic core analysis services with a whole necessity test required to help the costumer more in improving reservoir estimates, recover their reservoir forming, also identify and correct any damage to the formation of the reservoir.