AIG Bailout and AIG Bailout Exit Plan Essay Example | Topics and Well Written Essays - 500 words

AIG Bailout and AIG Bailout Exit Plan - Essay Example Post the financial stress, AIG’s credit rating was downgraded and it required $14.5 billion in collateral in order to improve the credit rating. When private banks denied support, government became the sole option. For the US government, it was a hard bargain. After many rounds of meetings the government decided to lend up to $85 billion. But this threshold was later crossed and the total bailout value reached about $182 billion in different forms. This resulted in the government owning 80% of the then struggling insurer. This equity holding was in the form of equity participation notes. This loan was granted by the government for a period of 2 years. The government had negotiated on all ways to protect the taxpayers’ money. This two year loan carried an interest rate of 8.5% points plus the LIBOR rate. Apart from that it also carried collateral right on major assets of AIG. Thus, if market and the company prosper, the government will receive huge returns through its eq uity stake. If it happens otherwise, it can recoup the investment through the claim on assets and the interest on loans. The government bailout helped AIG to sell off its unprofitable business and to get restructured into a healthy operational position. Exit Plan AIG’s bailout exit plan came out in the mid of 2010.

Total Quality Management Essay Example | Topics and Well Written Essays - 750 words

Total Quality Management - Essay Example This paper will show some of the main key points as derived from some of the chapters. Total Quality Management (TQM) is an extensive and organized methodology to authoritative administration that looks to enhance the nature of items and administrations through continuous refinements because of consistent reaction. Quality as an absolute means that in everything that we do we must put quality in it o achieve maximum results. When Dr. Edward came up with the concept it was in the aim of improving educational standards. According to Salis (2002), the word quality has lots of conflicting and unclear meanings. This has been occasioned because the word quality can be used as both an absolute and as a relative concept. In conversations quality is used as an absolute and is referred to as part of nature. Absolute quality can not be compromised or traded for something else. Quality is a concept with class and it’s not available to every one but everyone wants it. In technical scene, quality is largely a relative concept. In this sense its definition changes to an attribute of a product or a service. We often say the quality of an easy varies from good to excellent. There is a philosophy that a quality product depicts the ideology of equality, in the sense that you get what you pay for. In education is hard to say who will determine the quality of education. This brings in the role of the consumer in quality. The consumer of the product can answer the question of quality. Education wise, the consumer will gauge the quality of education by the exams that they partake and pass. It is up to the consumer and collage to come up with management policies that will ensure quality in the products they are supplying in the class. Applying the TQM in the collage can improve the quality of education in a great way. SWOT analysis is an integral routine toll for calculated development in education and still is the number one means of