From heroes to zeros

Article Abstract:

Business awards may be given for reasons such as a rapidly rising stock price which are not especially relevant over the long term. Companies may encounter problems shortly after receiving a business award, such as Business Post, awarded the Coopers and Lybrand award in 1998, and companies receiving the Guardian businessman of the year award for young entrepreneurs in the 1980s. The Sunday Telegraph Management Award and the Veuve Clicquot Businesswoman of the Year award have also been given to some companies that later encountered problems.

United Kingdom, Achievements and awards, Business enterprises, Business success

---

A fine feathered fantasy

Article Abstract:

The Ostrich Farming Corporation (OFC) is a company offering high returns to investors. The investments are not covered by regulation since they are sold in the form of ostriches. Investors are asked to purchase ostriches for 14,000 pounds sterling each, with chicks bought by the company for 500 pounds each. Other ostrich farmers dispute values given by the company for carcasses and chicks. The managing director of OFC has previously been involved in business ventures that have failed.

Poultry and Eggs, Poultry Farm Products, Poultry and Egg Production, Investments, Farms, Ostrich Farming Corp

---

Top accountant in 2.4 million pounds sterling pay-out to shareholders

Article Abstract:

Allied Provincial Stockbrokers and Arthur Anderson are to make a 2.4 million pounds sterling payout to private stockholders and Hermes relating to stock flotation. The flotation of Diamond Group on the Unlisted Securities Market in 1989 was followed by suspension of the company's stocks and the sale of its main business. Arthur Andersen has not admitted liability and sees the payout as a commercial decision due to the rising costs of legal action by Hermes.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Laws, regulations and rules, Accounting firms, Accounting services, Arthur Andersen & Co. (New York, New York)

Similar abstracts:

• Abstracts: Time to account for our actions. Better pay reporting. Rising to the green challenge
• Abstracts: Graunke sees interactive marketing revolution ruling the '90s as direct response advertising shaped the '80s. Japan's Sharp focuses on surging new media; digital business communications is 1st target
• Abstracts: How to cash in on the movies. Profit record shattered. Canal Plus: Hollywood dreams fade
• Abstracts: Hercules begins to reveal its strength. Shift to renting. Moorfield buoyed up by innovative ideals
• Abstracts: Toy Options are back in the money. Overlooked attractions. Cash-rich but unloved

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.