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Archegos: The Questions Nobody Asks

TASA ID: 13992

There has been a lot of press articles on the Archegos blow-up already, but many important questions have still not been asked.

The Factual Background

Archegos Capital Management is a family office, which manages the money of Sung Kook "Bill" Hwang since 2013. Hwang is a "Tiger Cub", a former PM/Analyst from famous Tiger Management. Hwang was managing $500m of his own money, which he earned through his role as a portfolio manager in the previous decade.

Hwang started as a stock Salesman in early 90's at Hyundai Securities. After a legal battle which started in 2009, Hwang and his firm Tiger Asia Management pleaded guilty in 2012 to insider trading & stock manipulation charges. They settled $44m with the SEC and HKD 45m with the HK Securities and Futures Commission.

Archegos is actually the new name of his old company Tiger Asia Management. The firm is based in New York, since Hwang was banned from trading in Hong-Kong in 2014, as well as other Asian markets in which he specialized.

Archegos held large concentrated bets in a few companies, notably ViacomCBS, Discovery, Baidu, Tencent and Vipshop.

Besides his own stock positions (already large), he also held stocks synthetically through swaps at prime brokers.

The primes didn't know of the extent of his other prime relations and how large the positions were. The overall position was not $10bn, but more than $50bn - rumored to reach $100 bn.

The list of affected primes is increasing. Only JP and Deutsche seem to have escaped that wreckage. JP, because they refused to offer services to Archegos, and Deutsche, because they were quick to offload positions.

How Advisory Boards Can Help C-suite Executives and Boards of Directors (BoDs) Navigate Today’s Economy

TASA ID: 18518

Looking back at 2020, there were a lot of unknowns that businesses had to deal with. Those issues impacted both the daily and strategic decision-making of corporate leadership teams and boards. Meanwhile, we also saw massive cost cutting, as well as innovation and increases in productivity (from employees working remotely); with all those adjustments driving profit stability and even growth in many industries. As we move further into 2021, the remote workforce will continue to be a hot topic. It will involve intense debate on all sides as contractors, employers and businesses seek to come back together in a way that is acceptable to everyone, as well as provide a balance between productivity and in-person collaboration. Using a0dvisors and their networks can be, and is, a valuable resource to drive both internal and external strategic relationships and sales channels. 

Disaster planning: Training for the perils of weapons of mass exposure, 2020

PUBLISHED WITH PERMISSION FROM the JOURNAL OF HEALTHCARE PROTECTION MANAGEMENT

TASA ID: 12689

In response to the COVID-19 pandemic, we offer our third article for this journal on handling emergency situations involving mass exposure contaminates [1][2]. One of us (Scaglione) has also authored a book speaking to proactive event prevention and effective resolution [3]. In the pages that follow, we provide an Emergency Preparedness Readiness Checklist that can serve as a roadmap for security executives to follow for more effective disaster management, and we expand on the checklist. We offer guidance on protecting hospital staff, patients, and visitors from becoming contaminated, and we address risk assessment engineering and design, proactive risk exposure mitigation, and innovative recovery strategies for moving forward once emergencies
have passed.

The Parallel Between Sports and Leadership

TASA ID: 1056

There are a lot of similarities between sports and the business world. We use a lot of sports language in our daily business interactions. We “pitch clients”, “drop the ball” when we make a mistake or miss a deadline, we “put together a game plan” for a project. In addition to sharing the same language, we can learn a great deal about leadership from sports coaches.

REPUTATION DAMAGE EMANATES FROM ACTIONS AS WELL AS WORDS

“It takes years to build a reputation but only minutes to have it destroyed.”

TASA ID: 2156

For someone who has served as an expert witness in approximately three dozen defamation cases, there is little question that negative communications disseminated in writing (libel) or verbally (slander) or both can be devastating to the image, reputation and/or good will of an individual, business, institution, public sector entity, or any other type of recipient targeted.  Defamation is normally defined as a false statement, published to a third party, that is damaging and is meant to harm and results from negligence, reckless disregard for the truth or malice. 

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