Major Developments Major Developments by Calendar Year

December 9, 2011

Facility Management Cuts Costs and Improves Productivity

Filed under: Business — Tags: — Winson @ 8:35 AM

Facility management is a special field which offers multiple services to cater the needs of various clients. They have the highly experienced management team which works hard for providing best services in order to stay potentially competitive in their respective field. They take up more challenges and tasks which show greater impact on the productivity and cost. Any company can get the required benefits by outsourcing the services which they find tough and can get expected results when given to a reputed facility management company.

Facility managers improve the efficiency of the facility by implementing effective measures with their expertise. They have tie ups with different businesses and hence can get the best deals for various products and equipment used for the construction of new buildings and in the renovation of existing interiors. They also provide relocation facilities which take up the tasks from searching the new facility to shifting all the things to that facility with perfect calculation and planning.

One can reduce the amount of pressure and stress by outsourcing certain things to the facility management experts in which they are professionals. Several studies have shown that outsourcing facility management services saves the management 18% of the costs than by doing it by themselves. One of the best saving methods one can find is, the outsourcing of maintenance works followed by payroll outsourcing and IT support outsourcing.

Along with the assurance of quality services facility management experts are also helpful in reducing the risks of the liability with regards to the areas of operation that are being serviced by reducing the risks of the company which it might face in the future. Since the experts in the facility management team are specially trained you can expect quality service which further increases the productivity of the company.

December 3, 2011

Things to be Considered Before Signing a Mineral Right Lease

Filed under: Business — Tags: — Winson @ 10:25 AM

Instead of buying mineral rights the oil and gas companies often extract minerals by leasing the mineral rights of the surface. This lease of mineral rights, provides the company the right to extract minerals for the mentioned period of time. Even though the deals are so clear the owner of the surface needs to consider few things before signing the contract and they are listed below.

  • It is often important to take enough time to decide whether to go for the deal or to wait for some thing which can be better and beneficial than the present deal. As the oil and gas companies have enough time for their projects they never leave the deals and will wait till you come back.
  • The moment you get a deal from a mineral company, it is a sign for you that a couple of companies are awaiting to send you the mail. So, do not be quick in decisions, let all the companies come and compare the quotes made by them. So that you can opt for one which is more beneficial than the rest.
  • If any company wants to approach you, they will send a person to talk to you regarding the deal and the other things. Try to know about the person, and try to find whether he is directly from the company or an agent recruited by the company for such operations, or a speculator, who wants to buy the rights from you and tries to sell them to the companies for more profit.
  • Next thing is hiring the attorney. It is not a wise idea to hire an attorney as soon as you get a deal since he starts billing you right from that moment. So, once you get all the deals and when you choose the best among them, then hire that person before signing the agreement or for some documentation.
  • During the paper work make sure that every thing which was spelled is on paper and also take help of the attorney to understand the agreement made by the company so that there will be no other issues after the work starts.

These are the few things which helps you to take a wise decision regarding the leasing of mineral rights.

December 1, 2009

Top Executives of Enron found Guilty

Filed under: Business — Tags: — Winson @ 5:45 AM

On 5th May, 2006, Former Enron Chief Executive Jeffrey Skilling and founder Kenneth Lay were both found blamed (guilty) for conspiracy and fraud of all corporate fraud cases. Skilling was found guilty on 19 counts of conspiracy, fraud, false statements, and insider trading. Lay was found guilty on all six counts of conspiracy and fraud. In a separate bench trial, Lay was guilty of four counts of fraud and false statements. Legal experts said that both Lay and Skilling could face 20 to 30 years in prison. Moreover, Lay would face an additional large term in prison for his conviction in the bank fraud case. Houston-based “Enron”, was once one of the hottest companies on Wall Street, collapsed in a matter of months after Skilling suddenly resigned as CEO in August 2001. Lay, who was Chairman at the time, postponed his retirement plans to return to the leadership. Enron’s collapse illustrated the first of the high-profile corporate scandals that rocked the nation, followed by WorldCom, Global Crossing, Adelphia, and Tyco. The wave of fraud led to legalization of the Sarbanes-Oxley law that tightened supervision of how American companies are audited. After a government investigation that took 4-1/2 years, prosecutors presented evidence that Lay and Skilling managed a conspiracy to artificially increase profits, hide millions in losses, and misrepresent the true nature of the company’s finances.

Warren Buffet Donated 85% of His Berkshire Holdings to Different Foundations

Filed under: Business — Tags: — Winson @ 5:41 AM

Warren Buffett, the world’s second-richest man, is making an extraordinary donation to the foundation run by the world’s richest man, Microsoft CEO Bill Gates. In June 2006, Buffett announced that he constantly would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, beginning in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. The rest of the money will go to four other foundations headed by Buffett’s three children, and to the foundation in his late wife’s name. The Gates Foundation focuses on global health issues, such as the GAVI Alliance to distribute vaccines to children in poor countries for diseases like malaria, HIV/AIDS, and, tuberculosis, to provide education, such as the United Negro College Fund Gates Millennium Scholars Program and developing libraries. Bill Gates and his wife Melinda Gates have been the only administrators of their foundation. But, later Buffet also joined them when the plan was started. Billionaire investor Warren Buffett planned to allocate more than $30 billion of his stock to the Bill and Melinda Gates Foundation. In 2008, Buffett became the richest man in the world dethroning Bill Gates, worth $62 billion according to Forbes. Bill Gates had been number one on the Forbes list for 13 consecutive years. In 2009, Bill Gates regained number one on the list according to Forbes magazine, with Buffett getting on second.

Google Acquisition of YouTube to Increase its Power in Online Advertising

Filed under: Business — Tags: — Winson @ 5:37 AM

On Monday, October 9, 2006, Google Inc. the Internet’s leading search engine declared its decision to purchase YouTube, the popular video-sharing site, for $1.65 billion in stock (assets). YouTube, which was started in February 2005, has quickly become the most famous of several online video sites. According to Internet research firm Hitwise, YouTube has approximately a 46 percent share of the online video market. 100 million videos are watched on the YouTube’s flash based site every day, including movie, TV clips and music videos, as well as amateur content. While Google has been riding away huge profits from the prospering search market, it could not become a major player in online video. The combination of Google and YouTube could increase Google’s power in online advertising, giving it an advantage over rivals such as Yahoo! (Charts), Microsoft’s (Charts) MSN and News Corp (Charts)., which owns the social networking site MySpace. Google had taken this decision speculating that the popular video-sharing site will favor it an increasingly advantageous marketing hub as more viewers and advertisers are migrating from television to the Internet. Google announced that two companies would be operated independently. As the Youtube’s agreement with Google appeared to be success, it announced new partnerships with Universal Music Group, CBS Corp. and Sony BMG Music Entertainment.

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