The New York Stock Exchange Essay Example | Topics and Well Written Essays - 500 words

The New York Stock Exchange - Essay Example The New York Stock Exchange (NYSE) is a non profit organization whose ownership is composed of 1300 members or â€Å"seats†. Richard Grasso was the Chairman of NYSE for several years during the first decade of the 21st century. He did a good job of as chairman of the NYSE increasing the productivity of the stock exchange. Some of his major accomplishments included tripling seat prices, investing $2 billion in information technology upgrades, and achieved record volume of business in a bad economy and tough competitive environment. The problem with his tenured as chairman is that he took advantage of his position to benefit economically beyond what he deserved. He also colluded with the board of directors creating agency issues that help him inflate his total compensation. For instance the Board of Directors was handpicked by Mr. Grasso. They were his puppets and would approve without debating the outrageous bonuses Richard Grasso paid himself. In 2003 when they scandal was rev ealed Richard Grasso received $2.3 million dollars in salary. The previous four years his total compensation ranged between $9.9 million and $24.2 million. Grasso was a greedy executive that acted in an unethical manner. Upon his resignation due to public pressures Grasso received a lump sum payout which included liquidation of pension plan of $140 million. The NYSE is most powerful and influential stock exchange in the world.

Individual Rights and the Law - Scots Law Essay

Individual Rights and the Law - Scots Law - Essay Example It has therefore its core topic human rights. It necessitates us therefore to define as well human rights. Stanford Encyclopedia of Philosophy defines human rightsï‚ ¸ as international moral and legal norms that aspire to protect all people everywhere from severe political, legal, and social abuses. They are inherently universal and therefore they transcend citizenships or nationalities. Famous of these rights are the right to life, liberty and happiness and their deprivation could not be permitted without due process of law. Unlike other laws human right focuses on the rights rather than on duties of the individuals. Other laws like criminal statutes or civil law legislations do also enumerate certain rights but the tenor of these obligations normally discusses duties, responsibilities and obligation and the consequences of their violations. Human right laws therefore focuses on the individuals as the subject of major consideration in deciding issues. In terms of criminal prosecution, for example, the law seems to treat more favourably the accused rather than the prosecution because it recognizes the rights of the accused to presumption of innocence while not mentioning more emphatically the right of the state to implement its laws. Politicisation of the judiciary seems to imply a judiciary that does not perform its function according to original design. It would give the connotation that judges will not interpret the law on the basis on what is the law but rather on what is popular or how they want it. It could also mean judges acting not as judges but politicians. It could further mean judges lacking judicial independence and holding some unholy alliance with the other branch of government which could be either the executive or the legislative. We could therefore restate the proposition into some like this: The nature of deliberating cases involving rights of the individuals for purposes of