As our world moves towards more global, highly competitive, yetinter‐related economies, excellence shown by executives and leaders inthe management of business and public…
As our world moves towards more global, highly competitive, yet inter‐related economies, excellence shown by executives and leaders in the management of business and public enterprise becomes critical. States that the key to this excellence is training and development. What are the differences between government agencies and private corporations? How does this affect the skills required by their respective executives? Citing his own and other research the author discusses executive development in the Executive Branch of the United States Federal Government, citing differences and similarities in the skills required of corporate executives and challenges for the future. Proposes greater co‐operation and a partnership among all providers of executive development in the face of a shrinking global world.
An examination of insider trading before and after the announcement of Credit Watch placements sheds new light on the study of both bond rating changes and insider trading. This paper utilizes Credit Watch placements classified by 11 indentifiable trigger events for the years 1981‐1990. We find significant insider purchases before positive implication placements, but no sales before negative implication placements. Among individual trigger events, we observe significant insider purchases before and after placements due to improved operating performance, bidding on a firm with a higher debt rating and firms increasing their debt‐to‐equity ratios. Significant insider purchases are found before placements due to purchasing assets. Significant insider sales are found before and after placements due to poor operating performance.