Despite all its power, BlackRock is a newcomer. The history of JPMorgan Chase, the largest American bank, dates back to 1895 and the legend of finance John Pierpont Morgan. The City Bank of New York (now Citigroup) was founded in 1812 and later financed the Panama Canal. The Bank of New York Mellon, one of the world's largest trust banks, can even boast the legacy of founding father Alexander Hamilton, the first Secretary of the Treasury of the young nation and inventor of American capitalism. Fink, on the other hand, built his empire in just over three decades. A start-up, literally founded in the back office of the Blackstone investment fund. In 1988, the founders of the latter, Stephen Schwarzman and Pete Peterson, granted Larry Fink a $5 million line of credit - pocket money, by Wall Street standards - and a phone line. From this fledgling enterprise emerged BlackRock. A success that gives Fink the status of absolute champion among Wall Street's toughest bosses. And that's apparently how he sees himself too...

Financial Strategy for Public Managers is a new generation textbook for financial management in the public sector. It offers a thorough, applied, and concise introduction to the essential financial concepts and analytical tools that today's effective public servants need to know. It starts at the beginning and assumes no prior knowledge or experience in financial management. Throughout the text, Kioko and Marlowe emphasize how financial information can and should inform every aspect of public sector strategy, from routine procurement decisions to budget preparation to program design to major new policy initiatives. They draw upon dozens of real-world examples, cases, and applied problems to bring that relationship between information and strategy to life. Unlike other public financial management texts, the authors also integrate foundational principles across the government, non-profit, and hybrid/for-benefit sectors. Coverage includes basic principles of accounting and financial reporting, preparing and analyzing financial statements, cost analysis, and the process and politics of budget preparation. The text also includes several large case studies appropriate for class discussion and/or graded assignments.

This expert, one-of-a-kind handbook shows you how to

• ensure that your inheritance instructions will be carried out the way you want them to be;
• protect your children's inheritance from creditors, ex-spouses, addictions, tax troubles, mismanagement, squandering, and other risks of loss;
• prevent family conflict that can arise when parents die and children divide the family money;
• leave more money to your children and grandchildren, and less to the IRS;
• avoid creating inheritance problems in your family with cautionary tales of inheritance planning gone bad;
• understand why you still have to deal with estate tax issues even if your net worth falls below the new death-tax-exemption.

A concise, no-nonsense rulebook for investors looking to achieve Buffett-like results

Warren Buffett is one of the wealthiest investor in the world. Millions of independent investors follow his every move. But why Buffett? What signs does he see that others miss? And more important, what can investors do to follow Buffett's path to investment and financial success? How Buffett Does It explores the 24 primary rules Buffett has followed from day one, and that people from market novices to seasoned veterans can use to strengthen their investing results.

Drawing from literally hundreds of quotes and maxims, Buffett admirer and attorney James Pardoe has chosen those that encapsulate and explain the Buffett legend. This plain-talking and investor-friendly guidebook takes readers on an in-depth journey through strategies including:

• Focus on not losing money rather than making it
• Don't own any stock for 10 minutes that you wouldn't own for 10 years
• Be fearful when others are greedy and greedy when others are fearful

The definitive guide to quantifying risk vs. return--fully updated to reveal the newest, most effective innovations in financial risk management since the 2008 financial crisis

Written for risk professionals and non-risk professionals alike, this easy-to-understand guide helps you meet the increasingly insistent demand to make sophisticated assessments of companies' risk exposure. It provides the latest methods for:

• Measuring and transferring credit risk
• Increasing risk-management transparency
• Implementing an organization-wide Enterprise risk Management (ERM) approach

Michel Crouhy is head of research and development at NATIXIS and the founder and president of the NATIXIS Foundation for Quantitative Research.
Dan Galai is the Abe Gray Professor of Finance and Business Administration at the School of Business Administration, the Hebrew University in Jerusalem.
Robert Mark is the Founding Chief Executive Officer of Black Diamond Risk which provides corporate governance, risk management consulting, risk software tools, and transaction services.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Uses a six-step process--Awareness, Assessment, Alignment, Action, Acknowledgement, Achievement-- to offer suggestions for fundraisers on how to implement and engage more women donors

Features the lessons learned from successful programs in traditional organizational settings such as healthcare, higher education, and the environment

Since the 1992 Earth Summit in Rio de Janeiro, the concept of sustainable development has become the basis for a vast number of green industries from eco-tourism to carbon sequestration. In The Greening of Costa Rica, Ana Isla exposes the results of the economist's rejection of physical limits to growth, the biologist's fetish with such limits, and the indebtedness of peripheral countries.

Isla's case study is the 250,000 hectare Arenal-Tilaran Conservation Area, created in the late 1990s as the result of Canada-Costa Rica debt-for-nature swaps. Rather than reducing poverty and creating equality, development in and around the conservation area has dispossessed and disenfranchised subsistence farmers, expropriating their land, water, knowledge, and labour.

Drawing on a decade of fieldwork in these communities, Isla exposes the duplicity of a neoliberal model in which the environment is converted into commercial assets such as carbon credits, intellectual property, cash crops, open-pit mining, and eco-tourism, few of whose benefits flow to the local population.

About this book:

International Tax Primer provides an accessible and comprehensive guide to the fundamental aspects of international taxation with an introduction to the policies that countries seek to advance with their international tax rules. Tax practitioners, multinational companies and national tax authorities have relied on this indispensable resource since its first edition nearly two decades ago. The Primer provides the reader with an introductory analysis of the major issues that a country must confront in designing its international tax rules and coordinating those rules with the tax systems of its trading partners, with numerous examples drawn from the practices of both developed and developing countries. This fourth edition follows the format and sequence of earlier editions but adds details on ongoing developments surrounding the Organisation for Economic Co-operation and Development's (OECD) base erosion and profit shifting (BEPS) project, updates to the OECD and UN Model Conventions, the 2017 US tax reform, the EU anti-tax avoidance directive and continuing issues concerning the digital economy.

What's in this book:

The book strikes a balance between the specific and the general by illustrating the fundamental principles and structure of international tax with frequent reference to actual practice in a variety of countries. Coverage includes the following with an extensive glossary of international tax terms:

• role of the tax adviser in planning international transactions;
• taxation of residents on foreign income and of nonresidents on domestic income;
• mechanisms used to mitigate the risks to taxpayers of international double taxation;
• transfer pricing rules to prevent the avoidance of tax by multinational corporations;
• anti-avoidance measures dealing with tax havens, treaty shopping, and other offensive tax planning activities;
• overview and analysis of the provisions of bilateral tax treaties and the OECD and UN Model Treaties on which they are generally based; and
• challenges posed by taxation of income derived from the digital economy.

How this will help you:

With examples of typical international tax planning techniques and descriptions of the work of the major international organizations that play an important role with respect to international tax, the Primer remains the preeminent first recourse for professionals in the field. Although of greatest value to students, tax practitioners and government officials confronting international tax for the first time, this book is sure to continue in use by tax professionals at every level of experience and on a worldwide basis. The Primer provides the reader an easy-to-read understanding of the basic concepts and structural features of international taxation that form the basis for all countries' international tax rules obtaining an understanding of the tax policy principles underlying the international tax system.

The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.

It is quite easy to find corruption within nonprofits. This is particularly the case in the subsector of not-for-profits that are incorporated as traditional 501(c)(3) entities. With the continuing erosion of public confidence in charities, these institutions must act now, both individually and collectively, to bolster trust and ensure public support for nonprofits that has been a hallmark of American democracy.

This book explores the causes of malfeasance in the nonprofit realm. It examines how the current inadequate regulatory environment--together with inherent agency problems--can lead organizations astray as they turn away from fulfilling donor wishes to instead act in their own self-interest. The book highlights the distinction between soft corruption in the nonprofit sector and hard corruption. The former includes the misuse of donor funds that do not cross the line into illegality and the latter covers explicitly illegal misappropriation of contributions.

In Foul Play in the Nonprofit Sector, economist Mark S. LeClair provides constructive overviews regarding charity evaluation. Is it truly fair to judge nonprofits on their financials? The financial figures so frequently dictate the value of a nonprofit, and this often isn't the best way to judge a charity's performance. The manuscript includes suggestions for internal sectoral changes and regulatory reforms that can deter corruption at nonprofits.

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.

We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.