President Ford

From its onset, the power to pardon has been controversial because it has been used more often for the sake of political advantage than the correction of judicial error. To the 38th President of the United States, his perusal for the pardon power; granted by the United States Constitution, Article II, Section 2, had to do with the ushering in of peace into a hectic time period. (U. S. Constitution) A number of Presidents throughout American history have used pardon power for various reasons.For example, George Washington granted the first pardon to leaders of the Whiskey Rebellion, while Andrew Johnson granted a number of pardons to thousands of former Confederate officials and military personnel after the American Civil War. Other uses of pardon include, George H. W. Bush's pardons of 75 people in connection with the Iran-Contra affair, Bill Clinton's pardons of convicted FALN terrorists, and most recently George W. Bush's pardoning of Irve Lewis Libby's prison term. (U. S.Dept of J ustice, 2006) Yet in the 20th century, President Gerald Ford granted one of the most memorable pardons to former President Richard Nixon on September 8, 1974, for any crimes he may have committed that gave rise to the Watergate scandal. Many view Ford’s pardon as a corrupt bargain made to elevate him to the Presidency and alleviate Nixon from any responsibility, yet Ford’s speech shows a man of good judgment who’s primary concern was the clearing up of America’s name which had been sullied by Watergate.Ford desired to end of Nixon’s suffering, whom he believed, â€Å"will continue to suffer, no matter what I do. † (Ford Nixon Pardon) In a news conference Ford stated he, â€Å"†¦hoped that our former president who had brought peace to millions would find it for himself. † (Presidents News Conference, 1974) This paper critiques President Ford’s speech entitled â€Å"Remarks on Pardoning Richard Nixon. † Though it has been colored with bias from the media, this critique will help individuals who want to see the story outside of the flashy news headlines.It offers an eye opening view of Ford’s motives for the pardon and a brief look into why he deserves more credit for this act of courage. This paper will discuss the background of events which led to Ford’s pardon, examine his speech, give a Neo-Aristotlelian analysis of the speech, and finally conclude with statements meant to give a distinctive perspective on Fords integrity, trustworthiness, and decision making capabilities.

Midnight Journal Entry

The Midnight Journal Entry Anne T. Lawrence, San Jose State University On an overcast afternoon in Portland, Oregon, on Friday, March 28, 2003, Richard Okumoto intently studied a set of hard-copy accounting documents called â€Å"adjusting journal entries† spread out on his desk. He had been appointed chief financial officer (CFO) of Electro Scientific Industries, Inc. (ESI), a multi-million dollar equipment manufacturer, just a few weeks earlier. Okumoto was in the midst of closing the company’s books for the third quarter of fiscal year 2003, which ended February 28.An experienced executive who had served as CFO for several other technology firms, Okumoto was familiar with the task, which normally would be routine. But this time, he felt that something was seriously amiss. When reviewing the company’s recent results, he had noticed a sharp dip in accrued liabilities between the two quarters ending May 31 (the last quarter of the 2002 fiscal year) and August 31 (the first quarter of the current fiscal year).Now, looking at the detailed journal entries his staff had provided, he noticed that several significant accounting entries had been made around midnight on September 12, 2002. The entries made that September evening had significantly changed the company’s results for the quarter ending August 31, 2002, a few days before they were reported to the Securities and Exchange Commission. He later recalled: The fact that the time stamps [on the journal entries] were midnight through one o’clock in the morning made me believe they were having difficulties closing the quarter.Not just because of accounting difficulties, but because they were having difficulties finding the right answers. My initial reaction was, even given a difficult quarterly close, if the team was working that late at night, that wasn’t typical. From the pass codes required by the accounting software, Okumoto could see who had made the entries. They inclu ded James Dooley, then the company’s acting chief operating officer and now the CEO, the corporate controller, and several senior members of the finance team. One midnight journal entry in particular drew the new CFO’s attention.The late-night team had wiped out an accrued liability of $977,000 associated with the anticipated cost of retirement and severance benefits to company employees in Japan, Korea, and Taiwan. That entry, and several smaller ones, all of which were favorable to net income, had the cumulative effect of permitting the company to report earnings of $0. 01 per share for the quarter ending August 31, 2002, rather than a loss. When he realized that, Okumoto recalled, he felt â€Å"a sinking feeling in my gut. † He asked himself, â€Å"What happened here? At that time of night?All of the changes in a single direction? What’s going on? † He was sure something was not right. RICHARD OKUMOTO Born in 1952, Richard Okumoto was raised wit h his four siblings in a Japanese-American family in a low-income, African-American neighborhood that bordered the Pepper Street Projects of Pasadena, California. He explained how his parents’ experiences had shaped their outlook: My parents grew up during the depression years. Dad farmed with relatives, and Mom grew up tending 3,000 chickens on a three-acre ranch in Gardena, California.Shortly after the Pearl Harbor attack by the Japanese, my parents were relocated under Executive Order 9066 [under which persons of Japanese ancestry on the West Coast were sent to relocation camps during World War II]. They met and married in a relocation camp. During their incarceration, their families could not make their payments. Dad and his relatives lost their land, and Mom’s parents lost their chicken ranch. After those experiences, my father was committed to having no debt. He built our family home in 1955, with the idea of paying off the loan in eight years.In 1962, Okumotoâ⠂¬â„¢s father, who worked as a gardener, landscaper, and salesman of Japanese mutual funds, was disabled in a serious auto accident. Fortunately, by then, he had almost paid off the loan on their home, so the family was able to survive financially. After the accident, Okumoto’s mother took a job cleaning homes to help support her five children. Okumoto described his relationship with his mother: She and I had an especially close bond. Shortly before my dad’s accident, both her parents had died. I was the one who supported her through a very difficult year.As a result, she always treated me differently from the other kids—almost like an adult. The Okumoto family’s financial situation after the accident was difficult. Okumoto had vivid memories of how they coped: Money was very short. We had to account for every penny. Every week, my mother wrote down in a leather-bound journal everything she earned and everything we spent in the household, down to the penn y. Every week, from the time I was ten years old, she went through that with me. We lived on a cash basis. There was no credit card, no second mortgage.In that situation, budgeting became extremely important. Her comment to me was, â€Å"You can’t complain [about what you don’t have] unless you understand what’s happening. † Those were her ground rules. He added this comment about his mother’s values: The ethics of doing the right thing become very important, because that’s really all you have. [My mother] instilled in me at an early age, regardless of what else you do, always take the high road, always do the right thing. That has influenced me throughout my career.After high school, Okumoto attended San Jose State University, where he completed an undergraduate degree in accounting in 1974 and attended the MBA program from1975 to 1978. He soon embarked on a highly successful career in finance. Over the next two-and-a-half decades, he held increasingly responsible roles at a number of high-technology companies in the Silicon Valley, including Fairchild Semiconductor, Novellus Systems, Measurex, Credence Systems, and Photon Dynamics. Okumoto admired a number of managers he had worked for, who had set high professional and ethical standards for him and his co-workers.He felt fortunate to have had three exceptional mentors: Woody Spedden, the CEO of Credence Systems; Jim Hefferman, his boss at Fairchild and later at Measurex; and Don Waite, the CFO at Measurex who later took over that position at Seagate Technologies. â€Å"All three individuals upheld the highest integrity,† Okumoto recalled. â€Å"Aside from the technical training I received from them, I got a strong ethical grounding. They would always tell me to ask myself—what are your obligations to others? † ELECTRO SCIENTIFIC INDUSTRIES, INC. Electro Scientific Industries, Inc. ESI), the company that Okumoto joined as CFO in early 2003, was t he second-largest technology company in Oregon, trailing only Tektronix in size. Based in Portland, the company was founded in 1944 as Brown Engineering to make test and measurement equipment. As technology evolved, so did the company’s products. In the 1960s, the firm—by then called ESI—moved into lasers, and later developed applications of laser technology for the emerging semiconductor industry. ESI went public on the NASDAQ exchange in 1983. In 2003, ESI’s core business was providing precision production equipment to electronics firms.The company manufactured equipment that was used in the production of a wide range of electronics products, such as computers, cellular phones, home entertainment systems, automotive electronics, electronic games, and personal digital devices. Its products included advanced laser systems, test equipment, and packaging systems, among others. The company’s customers included many leading electronics firms, including AMD, Ericsson, IBM, Samsung, Hitachi, Flextronics, Honeywell, and Lucent. Seventy percent of ESI’s sales were outside the United States, mainly in Asia and Europe.The company owned and operated manufacturing facilities in Portland and Klamath Falls, Oregon, and in Escondido, California, and operated sales offices in many countries. In 2002, it employed 875 people and reported sales revenue of $167 million (down from $472 million the prior year). Like many firms in the electronics industry, ESI was badly battered by the economic downturn that began in 2001. After achieving record sales and income in the fiscal year ending May 31, 2001, the company’s financial results declined precipitously in FY 2002, as shown in Exhibit A.Sales and profits had continued to decline in the first half of FY 2003. Exhibit A: Electro Scientific Industries, Selected Sales and Income Data, 1998-2002 | 1998| 1999| 2000| 2001| 2002| Net sales| 252,134| 197,118| 299,419| 471,853| 166,545| Net i ncome (loss)| 22,347| 7,528| 40,860| 99,933| (15,961)| Net income (loss) per share| 0. 89| 0. 29| 1. 55| 3. 71| (0. 58)| Data refer to fiscal years ending May 31. All data are given in thousands of dollars, except per share data. Source: ESI 2002 Annual Report. The company noted in its 2002 annual report:In fiscal year 2002, ESI weathered the worst downturn in the electronics industry in over 30 years†¦We are conducting a thorough review of our overall market strategy as well as product line strategies to assure that they will generate significant shareholder returns over the inevitable cycles in our industry. To cut costs, the company initiated a shutdown of its Escondido facility, consolidating its operations in Portland. It divested several underperforming lines of business and sought to invest in areas it saw as promising through partnerships and, potentially, acquisitions.It also informally explored a merger with another firm in southern California. In early 2002, Don VanL uvanee, the company’s long-time CEO, suffered a stroke and was no longer able to serve. The board appointed David Bolender, the former CEO of Protocol Systems and a director since 1988, to step in as acting CEO until it could find a permanent replacement. At that time, the board also elevated James Dooley, who had been serving as the firm’s chief financial officer, to the role of acting chief operating officer to run the company’s day-to-day affairs.In December 2002, the board promoted Dooley to the position of chief executive officer, and Bolender became chairman of the board. (Executives and directors of ESI named in the case, and their positions, are summarized in Exhibit B. ) [Exhibit B should appear about here; it is at the end of the file. ] CLOSING THE QUARTER Shortly after Dooley became CEO, Okumoto was recruited as chief financial officer. He started work on February 17, 2003. I was excited about the job. I thought it might be my last one in the industr y. The company, management, and employees—all had a long history of stability.To me, it was another walk down the path of hard work, a fresh chance to apply my skills in strategic planning and execution as well as to implement the new Sarbanes-Oxley compliance rules. His first task was to prepare for the FY 2003 third quarter close. In reviewing the company’s books for the past several quarters, he soon noticed a sharp downward spike in the balance of accrued liabilities. He noted that fact for further investigation. In addition to closing the quarter, several other items required Okumoto’s attention.Just one week into his new job, on February 24, he got an email from John (â€Å"Jack†) Isselmann, Jr. , the general counsel, asking him to forward to the manager of the Japanese office, Mike Tetsui, a set of revised work rules (terms of employment) for ESI’s Japanese employees. As a newcomer, Okumoto knew little of the background or why he had been as ked to do this, but complied with the general counsel’s request, sending on to the Japanese office manager the revised work rules. Okumoto received the following reply from Tetsui on March 2: I have read the proposed work rule and found no section of [sic] retirement fund.I do not know what is the intention of removing that section, but it is a huge impact on each employee we have†¦I do not think I can get concents [sic] from [ESI’s Japanese] employees without reasonable change in retirement benefit. Please let me know how you would like me to proceed. Okumoto recalled: My first response was, â€Å"uh-oh. † There was a big disconnect between what I had been told and Mike’s reply. I had assumed that the Japanese had already been informed of the cancellation of their retirement benefits and agreed to the changes. It was clear they had not.In a prior job at Novellus Systems, Okumoto had set up that company’s Japanese operations, and he was aware that Japanese work rules were normally filed with the government. Regulators were very strict about altering any documented benefits. Accordingly, Okumoto believed that ESI was obligated to pay benefits that had been promised to employees, and he told Isselmann this. Okumoto also expressed the opinion that employees, if dissatisfied with the revised rules, could take the matter before the Japanese labor board, and that this would be a â€Å"quantifiable event† that would have to be recorded on the books as a liability.Isselmann responded that he was unfamiliar with Japanese law. On March 4, Okumoto spoke with CEO James Dooley about his concerns that the reversal of benefits for Japanese, Korean, and Taiwanese employees might expose ESI to litigation, and this could affect the accounting treatment of the event. Dooley strongly disagreed. Okumoto recalled: He told me that everything had been cleared with everyone. He said there was full information. There was full disclosure. H e emphasized that KPMG [ESI’s external auditor], the company’s own legal staff, and the board had all signed off on it. He said I should â€Å"just get past it. Okumoto was concerned about this conversation, particularly because the CEO seemed so defensive. On March 11, Okumoto met again with Dooley, this time to discuss Okumoto’s upcoming presentation to the audit committee. The new CFO recommended that the company delay announcing its third quarter earnings and restate its first and second quarter earnings to report correctly the $977,000 in liabilities associated with the anticipated cost of retirement benefits for its Asian employees. Okumoto explained his view that not reporting these liabilities had violated Generally Accepted Accounting Principles.At that point, Okumoto recalled, Dooley became visibly upset. The CEO—all six feet-six inches and 280 pounds of him—turned an angry red and told me again to just get past this. That’s when I knew that this was going to be swept under the rug. It was clear I was not part of the club. Then Jim said, â€Å"If I’ve got to reverse this entry, I’ll quit. † THE â€Å"MOFO† MEMORANDUM On March 13, Okumoto attended a meeting of the board of directors’ audit committee. Also present at that meeting, in addition to the audit committee members, were Dooley, Isselmann, and several senior managers.At the meeting, Okumoto recommended that the company’s financial statements for the previous two quarters be restated, and that it hire an independent accounting firm to conduct an audit of the Asian benefits issue. Dooley countered that everyone had been fully informed of the reversal and had â€Å"bought off† on it. The audit committee declined Okumoto’s suggestion that an independent accounting firm be brought in, but it did direct Barry Harmon (formerly ESI’s CFO and a member of the audit committee), Okumoto, and Isselmann to lead an internal investigation into the matter.After the audit committee meeting, Isselmann came into the CFO’s office. Okumoto recalled: He closed the door and just broke down. He told me that after the benefits reversal in September he had asked MoFo [Morrison Foerster, an outside law firm on retainer to ESI] to review its legality. MoFo had advised it was illegal to cancel the retirement benefits without employee consent. He said he had immediately shown the memo to Dooley, who had brow-beat him, intimidated him, and essentially boxed him into a corner. I believed this, because in one meeting I actually saw Jim stand up and tower over Jack, who was only 5 feet-6.I watched Jim almost physically overtake him. Jack was a young guy, pretty inexperienced, and his job at ESI was his first in the industry. On his way out, Isselmann handed Okumoto some documents. From the documents, Okumoto learned that on October 3, 2002, Isselmann had written MoFo, asking for an opinion on wh ether or not it would be legal for the company to terminate the Asian employees’ retirement benefits unilaterally. In his letter, Isselmann had pointed out that the rules had been distributed to employees but had not been submitted to the relevant government agency.On October 7, Toshihiro So, a Japanese labor and employment attorney affiliated with Morrison Foerster, responded to Isselmann’s request. The MoFo memo, now in Okumoto’s hands, read in part: Retirement allowances are not a legal requirement [in Japan]. However, once the company agrees to pay retirement allowances in Rules of Employment (even though they have not been submitted to the relevant government agency), the company is obliged to pay them in accordance with the Rules and cannot remove them at the company’s discretion.According to Japanese case laws, as a general rule, †¦the deprivation of previously acquired rights by newly drawn up or changed work rules are [sic] not permittedâ₠¬ ¦[It] is required that before changing the work rules, the company should hear and consider the opinion of the related employees. Okumoto was shocked. â€Å"This is the smoking gun,† he thought. Investigating further, Okumoto learned that although private employers in Japan were not obligated to pay retirement benefits, doing so was considered a good industry practice, and since 1981 ESI had offered such a benefit to its employees there.Under the rules of employment established for ESI’s employees in Japan, any employee (except executives) who chose to retire after reaching the voluntary retirement age of 60 would be entitled to a â€Å"retirement allowance† of one month’s pay per year of service—in effect, a one-time severance payment. Workers who were involuntarily terminated and the estates of any workers who died before reaching the age of 60 were also entitled to this benefit. Similar rules were in effect for the company’s workers in Korea and Taiwan. At the time, ESI had 18 employees in Japan, 13 in Korea, and 23 in Taiwan, mostly in sales and customer support roles.On March 14, Okumoto called an â€Å"all hands† meeting to disclose his initial findings and discuss a path forward. Present at the meeting were Dooley, Isselmann, Harmon, and several other senior managers. The CFO asked directly if there had been full disclosure and review of all material facts with respect to the accrual reversal. Dooley confirmed that everything had been disclosed. Okumoto did not mention the MoFo memo, thinking that Dooley’s response indicated that he must have already disclosed it to KPMG and the audit committee. On March 20, Okumoto spoke by telephone with Mike Tetsui.The Japanese manager told the CFO that the employees had not yet been told that their retirement benefits had been terminated, and he—Tetsui—would resign before he would tell them that news, which he expected would be devastating. â₠¬Å"As head of the group,† Tetsui told Okumoto, â€Å"I will fall on my sword. † On March 21, Okumoto met again with Dooley to press him on how the reversal had happened. Dooley was initially â€Å"combative. † As the conversation went on, however, he â€Å"let his guard down† and began talking about what had happened on the night of September 12.As Okumoto recalled the conversation: Jim told me that he had sent a financial packet to the board of directors prior to their meeting on September 13. After he had distributed the packet, but before the meeting, he was contacted by KPMG, who told him there had been an error in the company’s calculations of its overhead costs, so the financial statements distributed to the board were incorrect. ESI’s reportable earnings were suddenly much less than they thought, by as much as a million dollars.Jim said this was particularly important because the company was in informal merger discussions with a compan y in southern California. Then he said, â€Å"No one was helping me, so I had to help myself. † When Jim made that comment, my first thought was, he was looking for revenue. He was hunting for credits. He was looking to manipulate earnings. That was a definite red flag. Okumoto walked out of Dooley’s office stunned. He called his staff together and asked them to assemble any documentation they had on accounting entries on or around September 12.He also began talking with the members of the finance team who had participated in the late-night meeting with Dooley and learned that a number of people on the finance staff had questioned the benefits reversal, but had not brought it forward. This was consistent with a negative tone at the top. I would almost characterize it as bullying. That’s one reason why no one stepped forward. That tone at the top created an environment where people really couldn’t speak out. It’s important to look at the people. Ità ¢â‚¬â„¢s similar to qualitative research. We all do that intuitively.When I looked at the body language of a lot of the people involved—the cost accountants, the financial analysts—it became apparent to me that they were scared. They knew something was wrong, and they wanted to say something, but something held them back. They reminded me of beaten animals. Growing up in the neighborhood I did, I knew what fear looked like. As part of his further investigation, Okumoto independently approached the audit team from KPMG. They told him Dooley had informed them that the company had received a legal opinion that the reversal was appropriate, and they had deemed that information sufficient.Okumoto observed: KPMG was new on the account, which they picked up after the collapse of Arthur Andersen. They didn’t have deep familiarity with it. They did not have all the information. Some of the partners were new. On March 28, a week after he had requested the relevant account ing entries for September 12, his staff finally produced the complete documentation for that date. Now, drilling down into the details, he saw the full scope of the midnight journal entries—and who had made them. WEIGHING THE RISKS Over the weekend, Okumoto considered his next moves. None of the ndividuals and groups from whom he had sought support—the CEO, the general counsel, or the auditors—seemed to share his concern about the seriousness of the issue. The audit committee had shown some interest, but had turned down his recommendation to bring in independent auditors and seemed to believe the matter could be handled internally. Okumoto was losing sleep, worrying constantly about what—if any—additional steps he should take. He had tried to warn the key players. From all, he had received the same message: We don’t see this as a serious problem. Let it go.Okumoto realized the risks of escalating the issue further. He was earning a base sala ry of $250,000, with the possibility of a 100 percent performance bonus. He reflected: I certainly realized the risks. I knew that if I brought this forward, there was a strong likelihood that I would either lose my job, or I would be in an environment where it would be difficult to operate, so I would have to leave. The idea also occurred to him that â€Å"I can leverage this for more money and stock if I look the other way. Plus, I can become invaluable to the company with this dirt.I can immediately become part of the established inside club. † He had also recently signed a contract to purchase a home in the nearby community of Lake Oswego, and wondered how he would make good on that commitment if he lost his job. However, he felt reasonably secure financially. Following the example of his parents, Okumoto had worked hard to avoid debt and to save for adverse times. He reflected: One of the first things I ask friends who are or would like to be CFOs or general managers, wh ere risks such as this can jeopardize their careers, is: Are you financially secure enough to make good decisions?Because if you aren’t, I can count on the fact that you will make bad decisions when times of adversity hit. We all talk about the value of making good decisions, but as we all know, life creeps in. There are economic commitments, family commitments, and people are sometimes moved to do the wrong thing. As the old adage goes, hire your sales people so they are hungry enough to get the deal done. Hire your finance people so they are not hungry enough to do the wrong thing. He added: Fortunately, I was financially in a position where I could afford to leave if t came to that. I was single, so I figured the only person I had to protect was myself. He also had a network of friends in the area he felt he could turn to for support. I had a number of friends in the Portland area, having worked there earlier. My prior company had a division of about 1000 employees in the area. Of these, 500 had worked directly for me. It might have been a false sense of security, but I felt I had a pretty good infrastructure of people that I knew. By this time, Okumoto was also becoming concerned about his personal safety.Several times, he received anonymous messages on his home answering machine. At the time, he was living temporarily in corporate housing while he shopped for a home, and he felt he was particularly visible there. But, he added that he was not easily intimidated. I felt that I could take care of myself. I had faced a lot worse threats than this one. As a teenager, I was robbed at gunpoint. I was stabbed in the back and left for dead. I was beaten so badly that my eyes were swollen shut. I grew up around a lot of physical violence. Although Okumoto saw risks in taking action, he also saw risks in inaction.He commented: I was concerned about my own legal liability if I did not take action. From the point of view of the DOJ [Department of Justice] and SEC [Securities and Exchange Commission], if you don’t fix the problem, you become the problem. I had potential legal risk. As Okumoto pondered the risks of both action and inaction, he reflected on the board of directors and what kind of response he might expect if he approached them directly. (See Exhibit C for a list of members of the board. ) [Exhibit C should appear about here; it is at the end of the file. ] Dooley was the only insider on the board.There were some old timers on the board—like Barry Harmon, who had earlier been CFO at ESI. But there were also a fair number of independents. Even though I was new at the company, I had a prior relationship with two of the directors. Jerry Taylor, the former CFO at Applied Materials, was a member of the audit committee. Jerry and I had worked together 25 years earlier at Fairchild. So, I had a long-standing relationship with him. Jon Tompkins, the former CEO of KLA-Tencor, was also on the board. I had known Jon from T encor days, where he had interviewed me for the CFO position.As he contemplated his next move, Okumoto thought back to an experience earlier in his career. As he told the story: I had been in a situation before where I hadn’t spoken up. I had been a CFO for another public company. I was in a situation in which I had questions on some of the accounting. But it was close enough, and I was concerned that I didn’t have enough evidence to support my reservations. I had only been with the company three months. Within four months, we had a major revenue shortfall. At that time, I made the decision not to try to cover up the revenue shortfall.But, because we had not called it to the attention of analysts earlier, we lost the confidence of the Street. At that point, the CEO and I both resigned. I made a decision then that if I ever again saw something that was close, I would act much faster. He also thought about his mother’s admonition always to do the right thing, and the advice of his mentors, who had counseled him always to ask the question—what are your obligations to others? Exhibit B: Executives and Directors of Electro Scientific Industries, Inc. Named in the Case and Their Positions (Listed in Order of Mention)Richard OkumotoChief Financial Officer (CFO) James T. â€Å"Jim† DooleyActing Chief Operating Officer (COO), early 2002 – December 2002 Chief Executive Officer (CEO), December 2002 – Don VanLuvaneeFormer CEO David F. BolenderActing CEO, early 2002 – December 2002 Chairman of the Board, December 2002 – John â€Å"Jack† Isselmann, Jr. General Counsel Mike TetsuiManager, Japanese Office Barry L. Harmon Former Chief Financial Officer (CFO) Director and Member of the Audit Committee Gerald F. â€Å"Jerry† TaylorDirector and Member of the Audit Committee Jon D. TompkinsDirectorExhibit C: Members of the Board of Directors, ESI Inc. , March 2003 David F. Bolender, Chairman of the Board Chairman of the Board and CEO (retired), Protocol Systems, Inc. ; President of Pacific Power and Light Co. (retired) James T. Dooley, Chief Executive Officer Barry L. Harmon (member of the Audit Committee) Senior Vice President (retired), Avocet Corp. ; formerly, Senior Vice President and Chief Financial Officer of ESI Keith L. Thomson Vice President (retired), Intel Corp. ; Chair of the Board of Trustees, University of Oregon Foundation Jon D. TompkinsCEO and Chairman of the Board (retired), KLA-Tencor Corp. ; President and CEO of Spectra-Physics (retired) Vernon B. Ryles, Jr. President and CEO (retired), Poppers Supply Co. Gerald F. Taylor (member of the Audit Committee) Chief Financial Officer (retired), Applied Materials W. Arthur Porter (Chairman of the Audit Committee) Dean of the College of Engineering, University of Oklahoma Larry L. Hansen Executive Vice President (retired), Tylan General, Inc. —————————— ————– [ 2 ]. Copyright  © 2012 by the Case Research Journal and Anne T. Lawrence.The author developed this case to provide a basis for class discussion rather than to illustrate either the effective or ineffective handling of a managerial situation. An earlier version of this case was presented at NACRA’s annual meeting in San Antonio, Texas, October 2011. The author gratefully acknowledges the assistance of Richard Okumoto and the thoughtful comments of the editor, Deborah Ettington, and three anonymous reviewers. [ 3 ]. In 2002, average annual salaries for ESI employees were $68,000 in Japan, $27,000 in Korea, and $38,000 in Taiwan (in U. S. dollars).

Correctional Institution , Criminology major Essay - 2

Correctional Institution , Criminology major - Essay Example s to analyze one of the many problems, and to propose a solution or management plan in response to the selected issue, from the office and viewpoint of a correctional manager. The premise is that there is no provision of additional staff, funding, or other resources, and of course, the law cannot be changed or hampered with. The chosen problem is a lack of rehabilitation in the institutes, and the linked lack of trained staff for the rehabilitation process (The Florida DC). To ascertain the fact that the proposed management plan is within the responsibilities and job description of the correctional manager, and that it does not violate the law, a brief discussion of the responsibilities and authority of the correctional manager is provided. The correctional manager is responsible for the daily activities and management of the set up, and in medium and high risk prisons, there are some added responsibilities to his office (Institutional Management Structure). His duties span the human resource, finance, event management, emergency control, security, administration, and almost all other departments responsible for the daily working of the institute (Institutional Management Structure). He is in control of the planning of the daily events and activities, the visitations, the searches and monitoring of the inmates and the visitors, pay roll, attendance, any violations or other disciplinary issues and their related consequences, acute management of emergencies until the appropriate authorities get to the scene, the deployment of personnel and their rotations, the recruiting and training of personnel, and many other such duties (Institutional Management Structure). Given the span of the duties of a correctional manager, it is evident that

Religions Essay Example | Topics and Well Written Essays - 750 words

Religions - Essay Example David, therefore, is a source of authority among Christians. David’s background also indicates that he was a man after God’s heart. When the first king of Israel, Saul, fell from grace, God had to select the next king through Samuel. Samuel had clear instructions from God: the next king of Israel had to be a man after God’s heart. After unsuccessfully pouring the anointing over the eldest sons of Jesse, Samuel asked if there was one left out. David was physically insignificant to the point of being overlooked during such an event. However, he was after God’s heart, and therefore, qualified to become king over Israel. Initially, the Israelites’ perception of kingship was different from God’s. Before King Saul, God ruled over Israel through prophets such as Samuel. But because the Israelites face constant attacks from their enemies, they started pestering Samuel for a king. They needed somebody to lead them to war and protect them with a human military army. God gave them Saul, but he failed miserably as he has too many human weaknesses. This was because he was not after God’s heart but his selfish interests. Consequently, he could not continue being king in Israel. Soon, the Israelites were voicing their regrets over King Saul. God was also displeased with Saul and eventually, the Israelites needed another king. As king of Israel, David trusted in God and was able to succeed where Saul had floundered. First, he was able to reunite all the tribes of Israel. Prior to his kingship, Israel was a ragtag of confederacies, the most notable being the northern confederacy, with its headquarters at Shechem. The tribe of Ephraim dominated this confederacy. As a united front, Israel now presents a vastly stronger adversary to their enemies. Secondly, by trusting and believing in God, David won many wars. The Philistines had posed the greatest threat to the wellbeing of the Israelites, but David was able to vanquish them once and for all. Consequently,

The changes made as a result of the uprising known as the Arab Spring Essay

The changes made as a result of the uprising known as the Arab Spring have been mostly positive for Libya - Essay Example On the other side, some people consider that the Arab Spring transformed the Middle East Asian and African nations from political stability to instability and anarchy. Thesis statement: The statement ‘The changes made as a result of the uprising known as the ‘Arab Spring’ have been mostly positive for Libya’ is valid because the same helped the people of Libya to keep themselves away from dictatorship, anarchy, and political instability. The arguments in favor of the positive influence of Arab Spring in Libyan context are based upon the fact that the same helped the people of Libya to be free from the clutches of dictatorship initiated by Col. Al Gaddafi. To be specific, the mass protest originated in the Arab area (say, the Middle East Asian and African nations) in the year 2011 later transformed into civil wars in different nations. Besides, the initial victory gained by the Tunisian protestors in their motherland inspired other nations under dictatorship. But Gaddafi never expected that he will be the victim of the revolutionary spirit of his own people. Nicholas Hagger stated that, â€Å"Gaddafi had attempted to bring in socialist measures to benefit the poor, but, obsessed with statelessness and â€Å"direct democracy† (Revolutionary committees and popular congresses), he had allowed an anarchistic and chaotic political structure (or rather, lack of structure) to impede his efforts† (137). http://books.google.co.in/books?id=yvhnXPK78MwC&printsec=frontcover&dq=The+Libyan+Revolution:+Its+Origins+and+Legacy:+a+Memoir+and+Assessment&hl=en&sa=X&ei=1W5pVMPOBNW1uQTs7oHIDA&ved=0CB0Q6AEwAA#v=onepage&q=The%20Libyan%20Revolution%3A%20Its%20Origins%20and%20Legacy%3A%20a%20Memoir%20and%20Assessment&f=false To be specific, the people of Libya were not ready to be under a cruel dictator like Gaddafi. Gaddafi tired his level best to suppress the protest in his

World Cup Security Plan Essay Example | Topics and Well Written Essays - 500 words

World Cup Security Plan - Essay Example That is an important issue because of the country’s poor security rating and, apart from the World Cup, the measures are expected to continue being beneficial afterward. With improved security, sporting tourists will be attracted by larger numbers and tickets will have more demand and that will directly impact on the economy. The already confirmed 600,000 visitors will stay in hotels for the duration of the tournament, bringing revenue to the tourism industry. Ideally, the hospitality, transport, private security and entertainment industries will gain financially for the duration of the tournament. At the same time, the sporting fraternity will earn direct revenue from hosting the tournament. At face value, spending $855 million on security for an event that will only last one month may seem impractical. However, evaluating the scenario reveals that the long term benefits actually equate the cost. With improved security, businesses will flourish and foreign investors will be i nterested in the country. From an economic point of view, it can be considered as spending money to secure future stability and, eventually, financial returns. However, the writer of the article seems to have given more focus on policing conflicts and the aspect of foreign threats at the expense of explaining how the country’s own citizens will be protected. Apart from the over half a million visitors expected, Brazil is a country known to be the home of soccer fanatics that may disrupt most of the proposed security measures.

Application Project Research Paper Example | Topics and Well Written Essays - 750 words

Application Project - Research Paper Example This includes the conception and the development of the maintenance plan, preparation for purposes of solving problems that occurred during the process of software development and the following up of the management of the product configuration. It is at this stage that the software engineers do collect the necessary information for purposes of developing their maintenance plan (Mishra and Mohanty, 2012). Programmers will find information from the software’s code, database tools such as bug trackers, and various documentations, among which includes the users manual of the software. For effective development of software, the engineer has to familiarize himself with the code of the software. If he is not familiar with the code of the software, then it is necessary for such a person to seek the assistance of his fellow workers, or the developers of the software. Data base tools will only act as secondary sources of gathering information (Xu and Ramesh, 2007). These tools normally gather and accumulate knowledge from the development teams, during the process of software development. Documentation about the software is also another source of information because it gives a history of the software, its development process, uses and other relevant information that the maintenance engineer needs. The second stage in the software maintenance process is the process of problem and modification analysis. This process occurs after the maintenance group now takes the responsibility of maintaining the software. At this stage, the programmer makes an analysis on every request concerning the functionality and operations of the software. He also confirms these requests by checking and investigating the validity of the assertions made (Xu and Ramesh, 2007). It is also at this stage that the maintenance programmer proposes a solution to any problem identified, documents the proposal for purposes of seeking permission for purposes of applying these modification. It is at this stage when the maintenance programmer uses the information gathered at the implementation stage to investigate on the assertions made concerning the software. The third process is the modification stage. It is at this stage where programmers implement the various solutions to the problems they found in the software. The fourth stage is the acceptance of the modification. This is the stage where a programmer tests the success of his maintenance process (Doyle, Lee and Cho, 2012). This is done by testing the functionality of the software after the modification process by the software maintenance engineers. The fifth stage is the software migration process. This is not a daily process, and it only occurs in case there is a need of porting the software to another platform without changes to its functionality. And finally, the sixth stage is the retirement of the software. This is not a daily routine in the process of software management, but only occurs in the later days of the software when its maintenance is not cost effective (Doyle, Lee and Cho, 2012). Users of the software will also play an important role in the maintenance process of software. For instance, one of their duties will be to verify and test the functionality of the software. After verification, the can send their opinion to the management or the maintenance programming engineers, identifying the problems, and offering recommendations

Exchange Rate Regime Tendency and Regulations Essay

Exchange Rate Regime Tendency and Regulations - Essay Example These variables affect conditions in the local capital market within emerging markets. It is the obligation of these markets to identify the links between emerging markets and the global markets. They, therefore, deepen local markets in emerging market countries. An international capital market includes all transactions with an international dimension (Woepking, 2007). It represents a number of closely integrated markets. The foreign exchange market is forming a major component of the international capital market. The world’s major financial centers are; Singapore, London, Hong Kong, New York, and Paris. New securities are issued in primary markets while a majority of capital transactions take place in secondary capital markets (AÃŒ rvai, & Heenan, 2008). The spot market involves the sale of goods for cash and their delivery done immediately (Cuthbertson, & Nitzsche, 2001). A futures market involves transactions of goods and their delivery completed on a specified future date (Kline, 2000). Theory offers numerous insights to the possibility of linkages between the exchange rate regime and macroeconomic performance. A country’s exchange rate regime is classified as either â€Å"fixed† or â€Å"floating.† A country that operates a fixed (pegged) exchange rate regime has its exchange rate tied to another country’s currency. This regime is set by the government or central bank of such a country so as to maintain its currency’s value within a narrow band. A floating exchange rate regime is concerned with the demand and supply for a country’s currency relative to other currencies. In such a case, a country’s exchange rate regime is set by the foreign-exchange market (Adams, 2006). Exchange rate regimes have unique characteristics. These characteristics are accompanied by various principle issues.  

Pharmacology Essay Example | Topics and Well Written Essays - 1500 words

Pharmacology - Essay Example To prevent exercise-induced angina and other precipitation-related conditions, at least one metered dose should be sprayed beneath the tongue shortly before the event. The highest number of Nitrolingual Pumpspray doses administered per day should be determined considering the full medical history of the patient, the angina severity, and any concurrent medication (Coyne 2008 p34). 2. The patient is complaining of discomfort and pain, which are angina’s main symptoms. It includes squeezing, pressure, tightness and burning in the chest, with the discomfort and pains starting from behind the breastbone. The patient is also complaining of nausea, shortness of breath, as well as a pale and cold skin, all which point to angina. The shortness of breath is common with elderly patients of angina, and the pain may make the patient feel as if he is suffering from indigestion or an uncomfortable feeling in the stomach. The blood pressure is also a factor to consider, as the patient was rec orded to have 148mmHg, which is way above the recommended 100mmHg for a normal person. Additionally, the patient’s last oral intake was tea and biscuits, which indicates that within the previous 24 hours he did not consume sildenafil (Neal 2012 p34). Question 2 1. The main glyceryl trinitrate’s pharmacological action is that it relaxes vascular smooth muscle, and then vasodilates peripheral arteries and veins, with veins vasodilating more than arteries. Post-capillary vessels’ dilation that also includes large veins promotes blood peripheral flooding and reduces preload. A relaxation in the arteries significantly decreases afterload (arterial pressure and systematic vascular resistance). The reduced systolic wall tension and less ventricular radius reduce the oxygen requirements and the myocardial energy. This decrease in the filling pressures of the heart enhances subendocardial wall layer perfusion that ischemia threatens. Glyceryl trinitrate’s therapeu tic doses may decrease diastolic, systolic and average blood pressure in the arteries. This helps in maintaining coronary perfusion pressure. However, should blood pressure reduce, or an increase in the heart rate lowers the diastolic filling time, it can be highly compromised (Coyne 2008 p34). 2. GNT is a prodrug that should be denitrated first so that it can produce NO (the metabolite nitric oxide that is active). Nitro vasodilators are nitrates that undergo denitration to produce NO in the body. NO being a potent activator of GC (Guannyl Cylase) with the help of mechanisms that are heme-dependent, its activation results in the formation of cGMP from cGTP (cyclic guanosine triphosphate) (Bersten 2009 p938). 3. When glyceryl trinitrate is administered sublingually, it is absorbed rapidly from the mouth’s mucosa and bypasses the liver to reach the vascular system. It is metabolized in the liver and other cells such as erythrocytes with cleavage of several nitrate groups. Nume rous inter-individual as well as intra-individual variations can be seen after the sublingual administration, for the plasma concentration. Glyceryl trinitrate, together with its metabolites, is eliminated principally, with less than 1% excreted with no change (Broyles, Reiss & Evans 2012 p.437). 4. The application of glyceryl trinitrate in any form during acute myocardial infarction’s early days requires attention to be particularly paid to clinical status and