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Various achievements of Australia in the field of applied ethics from the 1980s to 2016 are outlined. The review covers academic scholarship, research and teaching; the…
Various achievements of Australia in the field of applied ethics from the 1980s to 2016 are outlined. The review covers academic scholarship, research and teaching; the ethics of business and actions to build ethics into the structures of enterprises. This follows the 3-fold categorization developed by De George (2012). A brief account of the formation and history of the Australian Association for Professional and Applied Ethics is included, as is a selection of scandals involving Australian organisations. Australia is shown to have made a significant contribution to the academic discipline of applied ethics and to have been aware of its position, distant from the English-speaking West and in the midst of nations of the global south.
The 19th annual Australian Association for Professional and Applied Ethics (AAPAE) conference was held at St. John's College at the University of Queensland, 28 June–1…
The 19th annual Australian Association for Professional and Applied Ethics (AAPAE) conference was held at St. John's College at the University of Queensland, 28 June–1 July 2012, and was hosted by Rev. Professor John Morgan. This was the third time that John Morgan hosted an AAPAE conference. The Association is very grateful for his support.
It appears that of late the consumption of bread has fallen in this country; and I find that a scheme of advertising the necessity for eating more bread has been decided upon by the Association of Millers, and is now in operation.
The fly on the wheel said, “Lord, what a dust do I raise!” As Secretary of the B.M. I was the fly on the wheel, and conscious that the dust was none of my raising. Dust there was in plenty. A place of such national—and international—standing is constantly straining not only its own resources but also those of its friends to make vital and correspondingly costly acquisitions. Such was the purchase, with the generous help of John Pierpont Morgan, junior, who would have liked them for the Morgan Library, of the Bedford Hours and the Luttrell Psalter; the latter being one of the chief sources of our knowledge of English farm life in the Middle Ages. But during my fourteen years in the Office the Museum was faced with four great opportunities, quite out of the ordinary; and in all four it was successful.
The purpose of this paper is to find throughout history examples of wealth management of a family or business families that can be assimilated into the current concept of…
The purpose of this paper is to find throughout history examples of wealth management of a family or business families that can be assimilated into the current concept of family offices (FOs). In such examples, the study identifies characteristics associated with the different dimensions of the concept of socioemotional wealth (SEW).
Drawing on the socioemotional perspective, this paper relates significant examples of FOs based on historical stages (ancient history, the middle ages, modern history, the contemporary period and the actual world). Each case is discussed with an effort to identify the dimensions of the SEW that fit and help in understanding the organization studied.
Mainly, FOs allow the management of the family legacy, philanthropy, promotion of entrepreneurship and family wealth preservation for future generations. Autonomy in decision-making, privacy and confidentiality and the achievement of more intangible goals make the FO preferable to other institutions. Through the study of historical cases, the FO constitutes a structure with objectives and activities that have remained consistent from Rome to the present, regardless of historical, political or social context. The results also identify four out of five FIBER dimensions of SEW.
In addition to contributing to the scarce literature on FOs, this paper uses various examples of historical periods to better understand its origin, evolution and current state. A selection of examples at different times allows us to verify that FOs undergo a series of changes throughout history but maintain their characteristics regardless of the historical context. This paper is the first to explore the origin and development of the FO as organization. Building on the findings, the authors present a conceptual SEW framework to deepen in the knowledge of FO. This framework could help researchers and practitioners in future researches providing a conceptual link that demonstrates the components of the SEW perspective best fit the objectives pursued by business families when establishing a family office.
Wickers Appointment JOHN H. MORGAN, lately in charge of research and development at Cathodic Corrosion Control Ltd., has now left that company to join the Vickers Group Research Establishment, Weybridge, where he will be working with Dr. C. F. Bareford's team, carrying out research for the whole of the Vickers Group.
In recent years Lehman Brothers, one of the five largest investment banks in the United States, had grown increasingly reliant on its fixed income trading and underwriting…
In recent years Lehman Brothers, one of the five largest investment banks in the United States, had grown increasingly reliant on its fixed income trading and underwriting division, which served as the primary engine for its strong profit growth. The bank had also significantly increased its leverage over the same timeframe, going from a debt-to-equity ratio of 23.7x in 2003 to 35.2x in 2007. As leverage increased, the ongoing erosion of the mortgage-backed industry began to impact Lehman significantly and its stock price plummeted. Unfortunately, public outcry over taxpayer assumption of $29 billion in potential Bear losses made repeating such a move politically untenable. The surreal scene of potential buyers traipsing into an investment bank's headquarters over the weekend to consider various merger or spin-out scenarios repeated itself once again. This time, the Fed refused to back the failing bank's liabilities, attempting instead to play last-minute suitors Bank of America, HSBC, Nomura Securities, and Barclay's off each other, jawboning them by arguing that failing to step up to save Lehman would cause devastating counterparty runs on their own capital positions. The Fed's desperate attempts to arrange its second rescue of a major U.S. investment bank in six months failed when it refused to backstop losses from Lehman's toxic mortgage holdings. Complicating matters was Lehman's reliance on short-term repo loans to finance its balance sheet. Unfortunately, such loans required constant renewal by counterparties, who had grown increasingly nervous that Lehman would lose the ability to make good on its trades. With this sentiment swirling around Wall Street, Lehman was forced to announce the largest Chapter 11 filing in U.S. history, listing assets of $639 billion and liabilities of $768 billion. The second domino had fallen. It would not be the last.
This case covers the period from the sale of Bear Stearns to JP Morgan to the conversion into bank holding companies by Goldman Sachs and Morgan Stanley, including the Lehman Brothers bankruptcy and the sale of Merrill Lynch to Bank of America. The case explains the new global paradigm for the investment banking industry, including increased regulation, fewer competitors, lower leverage, reduced proprietary trading, and-potentially-reduced profits.
National and international ethics associations serve an important purpose in the development of resources which can lead to ethical behaviour in organisations. They bring…
National and international ethics associations serve an important purpose in the development of resources which can lead to ethical behaviour in organisations. They bring practitioners and academics together, promote discussion and foster excellence through the presentation and subsequent publication of papers. One purpose of this journal is to publish selected papers from the annual conference of the Australian Association for Professional and Applied Ethics. Our intention is that each year there will be one issue devoted to a theme and one to papers from the conference. Volume 8 was the first themed volume under our editorship, the festschrift in honour of Patrick Primeaux; Volume 10 will have the theme moral saints, moral exemplars and moral heroes.
Eating disorders have long been perceived to occur primarily in women; few disorders in general medicine or psychiatry exhibit such a skew in gender distribution. Men and…
Eating disorders have long been perceived to occur primarily in women; few disorders in general medicine or psychiatry exhibit such a skew in gender distribution. Men and women with eating disorders share common risk factors and exhibit some overlap in clinical presentation, but important differences do exist. Determining which factors best explain these differences remain uncertain. Furthermore, despite a marked increase in the incidence of anorexia nervosa and bulimia nervosa in women over the last 50 years, the awareness of eating disorders in men remains low. This is in spite of the fact that men represent 10‐20% of cases of anorexia nervosa and bulimia nervosa and up to 40% of cases of binge eating disorder. Similarly, recent research has focused on the assumption and stereotype that eating disorders in men are associated with homosexuality, when male body image objectification and body dissatisfaction are also widespread in younger heterosexual men who are being increasingly confronted with the same impossible body image ideals that already challenge women and gay men. The stigma of being a man with an eating disorder continues, and we persist in attempting to fit men with eating disorders into a theoretical and clinical framework largely focused on the physical, psychological, and emotional development of women. This article reviews the literature on eating disorders in men and explores the factors that may explain this gender discrepancy.