Helane Morrison in the Corporate World

The global economic crisis started in August 2007, Institutions crumbled, and people were shocked. This financial crisis almost crashed the American economy. Investigating into this closely disclosed fraud, false records, secret dealings, false audit claims, destroyed documents and corruption.

 

With this history of scandal and unrest in politics, people got aware that there are no guarantees in the world of finance and investing. They realized that investments can easily disappear instead of maturing to a fortune. There was need of having someone to mitigate this.

 

Ms. Helane Morrison has worked in business litigation, defense of private securities, exposing the violation of security laws, defending those affected and fighting for women’s rights. She has over-seeded staff of more than a hundred employees, corporate investigations, action suits and even got promoted in the government sector to a position that no woman has ever held before in history.

 

Ms. Morrison started off with a Bachelor’s degree in Journalism at Northwestern University, Illinois and later went for further education at the University of California Berkeley School of Law. She gained experience working as a clerk at the US Court of Appeals for the 7th circuit. Moved to Supreme Court Justice, Harry Blackmun after one year for two years (1985-1986).

 

Helane Morrison entered into private practice after a few years to the law firm of Howard, Rice, Nemerovski, Canady, Falk & Rabkin. She was in these law firms for ten years dealing with business litigation, defense of private securities, corporate investigations, exposing corrupt traders, enforcing actions. She loved her work, and some were so memorable that she published a book format for Google to enlighten the public with the knowledge they need to safeguard their investment.

 

The government got interested in Ms. Morrison qualities and accomplishments and invited her to head the position of US Securities and Exchange in San Fransisco. Morrison’s responsibility was to protect corporations and individuals against fraud through ensuring full disclosure of information and maintaining transparency and fairness when dealing with investments. She was with the SEC for eleven years and headed high profile cases dealing with fraud which involved top officials from great companies like Hewlett-Packard, Google, NextCard Inc, and HBO. Exposed corrupt auditors such as Ernst and Young who were altering and destroying audit work papers illegally.

 

After leaving the government, she went to one of the largest and successful investment advisory firm in San Francisco. The organization is entirely run by three women, Sarah Stein (President), Kathryn Hall (Co-Chief Investment Officer) and Morrison (Managing Director and Chief Compliance). They have created a working culture built around flexibility and resiliency as their philosophy. Employees are given an opportunity to buy into the company. This is anticipated to deepen their commitment to success leading to happy clients.

 

Venezuela Faces New Crisis As Country Continues To Unravel

Venezuela has slowly been unraveling, and the world has been watching. The latest loss for the country reported by Open Corporates is one that might seem unexpected, beer. Empresas Polar SA, producer of 80% of the countries beer, has begun shutting down its plants across the country leaving just a week supply of beer. The company, like so many others located in the broken country, blames the government for the lack of ability to pay to import raw materials needed to make their product.

“Beer is just one of many things the country is coming up short on” says Jose Velasquez. Along with shortages on food and medicine, the country is having a hard time coming up with enough power for the country and has implemented blackouts each day to save power. Now the current beer shortage brings more problems to the country. Not only is it one more simple thing the citizens of the country will lose, but immediately will cause 6,500 people to lose their jobs followed by an additional 3,500 who will find themselves unemployed when beer stocks run out on May 6.
It is likely, similar to 1,200 other companies, the government will seize the closed plants and reclaim it as a production unit under their complete control. Despite the loss, the company cannot move forward producing beer because they are constantly at a financial loss due to price controls imposed by the government. The company also produces numerous food items that also have caused a financial loss and the company says they are currently in debt to foreign suppliers for over $380 million that has built over a three year period.
More information available at http://www.wsj.com/articles/beer-becomes-the-latest-scarcity-in-a-venezuela-wracked-by-shortages-1461963129