Roald Dahl’s Villains An analysis Essay Example

Roald Dahl’s Villains: An analysis Essay Roald Dahl is one of the most widely read children’s book authors of the twentieth century. Although he wrote several forms of literature, including adult novels and essays, he is most renowned for his children’s books, including popular books like Charlie and the Chocolate Factory and The BFG. Beyond proving to be accessible and engaging to children, his works reinvigorated this genre by making it more accessible and realistic for children to identify with. His penchant for understanding child psychology and composing a complex, intriguing plot contributed to his renown. More specifically, one of the defining features of Dahl’s fiction caused by Dahl’s personal childhood is its macabre characterization of several adult characters juxtaposed with good natured characterization of other adult characters. In Roald Dahl’s literary style, the story is mostly constructed from the point of view of the child protagonist, who is pitted against a few imposing adult personalities. For example, in the book Matilda, the villain is a woman teacher. She is shown to be quite dangerous – someone who will induce a young reader to be terrified of every female teacher he or she meets. Indeed the depiction of the teacher was so excessive that the book was attacked by critics as being unsuitable for young readers. (Cockburn 41) Further, in Matilda, Dahl provides â€Å"a dramatic shift in tone as he moved from character to character—innocent, intelligent Matilda, the caring Miss Honey, and the towering inferno of the headmistress Miss Trunchbull.† (Wolf 73) Generally, Dahl’s characterization of villains is more dramatic and vivid than that of his benign characters. We will write a custom essay sample on Roald Dahl’s Villains: An analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Roald Dahl’s Villains: An analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Roald Dahl’s Villains: An analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The sinister-minded owner of the chocolate factory in Charlie and the Chocolate Factory, Willy Wonka, is another strange character who swings between either too sentimental or too cold. Wonka is â€Å"a Michael Jackson type: a lonely, childish despot, complete with high-pitched voice, inability to mix and strained desire to make everything seem just perfect.† (Sawyer 34) Therefore, when he demands Charlie to get away from his family and run the factory, he conveys this demand in a sinister tone. Charlie, on the other hand, maintains his composure throughout the antics of his master. He manages to be good without being prissy, which is quite an achievement in the circumstances. Characters like Wonka are typical of Dahl’s villains – their power and cunning seemingly offers little hope the hero to overcome. And it is in succeeding against such strong adversity that the heroism shines through. Another feature of Dahl’s portrayal of villains is the recurrent theme of ‘abuse of power’. T his exercise of power with malicious intent is evident in different sorts of relationships, it is most evident in the adult-child relationships in his stories. In other words, in Dahl’s writings we see power in various forms – â€Å"whether adults exercising it over children, bigger children over smaller ones, or humans over animals.† (Sharp 521) We witness in Matilda how little girls were persecuted by Mrs. Trunchbull. Likewise, in Dahl’s short stories William and Mary and The Way Up to Heaven, we see even adult characters suffering due to arbitrary use of power by those at a higher station. Dahl succeeds in making this abuse very visceral for the readers as he draws heavily from his own personal childhood experiences of feeling fear and intimidation in his school. The villains in a Dahl story are usually juxtaposed to benevolent characters. The nastiness and malevolence projected onto the villains in the plot is offered a relief in the form of benign and decent adult individuals. There are some notable loving and warm relationships between children and adults in many stories. Examples that easily come to mind include that of Charlie and Grandfather Joe, Danny and his beloved father, etc. There is also the case of The Witches in which the unnamed narrator is nurtured and cared for by his Norwegian grandmother. If we are to attempt to understand Dahl’s inclination for including threatening adult characters in his stories, we have to grasp the facts of his own childhood. Dahl had a close and loving relationship with his mother Sofie, but his other encounters with adults were arduous and strained. The chief source of torment for him came from the authorities in the boarding school whom he felt were unduly retributive for minor offences. However Dahl is not conveying a message of hopelessness to his young readers. Even amidst adversity his stories show that there is hope and love. This is best illustrated in The Witches, where the close bond between the boy and his mother survives â€Å"the boy being turned into a mouse, for as the narrator says, ‘It doesn’t matter †¦ so long as somebody loves you.’† (Mitchell 27) There is a type of transcendent quality in the benign relations of the child protagonist to his guardian. This is witnessed in Dahl’s early story such as They Shall Not Grow Old as well as his later work The Minpins (1991) which is full of invocations of magic. Likewise, In The Wonderful Story of Henry Sugar, for example, Sugar loses his self-centeredness and becomes more spiritual, despite being a surefire winner at cards. This theme recurs throughout Dahl’s writing life. (Sharp 524)

Those Pesky Pastimes

Those Pesky Pastimes Those Pesky Pastimes Those Pesky Pastimes By Maeve Maddox What is a pastime? It is an occupation that passes the time. Hobbies are pastimes. Attending sports events is a pastime. Cooking, woodworking, reading, and watching television are all pastimes. Most Americans have probably read thousands of times that baseball is â€Å"the national pastime.† Yet, when I browse the web, I discover that thousands of web users do not know how to spell pastime: Trolling used to be a past time for people who frequent these message boards. What is your favorite past time-hobby? (Header for a Hub page) I have three favorite past times. Sleeping Is My Favorite Past Time Marie now feels it time to put her favorite passed time to use and hopes she can give others as much joy with her books as some of her favorite authors have to her with their books. (Marie is publishing a book.) The National Passed Time My favorite pass time is watching tv shows as Family Guy and NCIS. Its my favorite passed time and hobby!! Music is my favorite Pass-Time! Cooking is my favorite pass time. The word pastime combines the verb pass and the noun time. Its earliest documentation in the OED is dated 1490 and is spelled as two words: passe tyme. Through the centuries, it has been spelled in different ways. I suppose it might have come to be spelled â€Å"pass time† or â€Å"pass-time† or â€Å"passtime,† but it didn’t. Its modern spelling is pastime. It doesn’t seem unreasonable to expect modern speakers to learn to spell it that way. While they’re at it, they might make an effort to learn the difference between passed and past. Passed is the past tense of the verb pass: The truck passed the Miata. Time passed quickly. Past can be either a preposition, an adjective, or a noun: Preposition: The antelope ran past the watering hole. Adjective: He recalled the past years with pleasure. Noun: Don’t dwell in the past. Related posts: Confusing Passed with Past Taking Another Pass at Passed Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Creative Writing 101Latin Plural EndingsPhrasal Verbs and Phrasal Nouns

Christmas Truce of 1914 in World War I

Christmas Truce of 1914 in World War I The 1914 Christmas Truce occurred December 24 to 25 (in some places December 24 through January 1), 1914, during the first year of World War I (1914 to 1918). After five months of bloody fighting on the Western Front, peace descended over the trenches during the Christmas season of 1914. Though not endorsed by the high command, a series of informal truces occurred that saw troops on both sides celebrate together and enjoy singing and sporting events.   Background With the beginning of World War I in August 1914, Germany commenced the Schlieffen Plan. Updated in 1906, this plan called for German forces to move through Belgium with the intention of encircling French troops along the Franco-German border and winning a fast and decisive victory. With France knocked out of the war, men could be shifted east for a campaign against Russia. Put into motion, the first stages of the plan achieved success during the Battle of the Frontiers and the German cause was further enhanced by a stunning triumph over the Russians at Tannenberg in late-August. In Belgium, the Germans drove back the small Belgian Army and beat the French at the Battle of Charleroi as well as the British Expeditionary Force (BEF) at Mons. A Bloody Autumn Falling back to the south, the BEF and French finally were able to halt the German advance at the First Battle of the Marne in early September. Stymied, the Germans retreated behind the Aisne River. Counterattacking at the First Battle of the Aisne, the Allies failed to dislodge the Germans and took heavy losses. Stalemated on this front, both sides began the Race to the Sea as they sought to outflank each other. Marching north and west, they stretched the front to the English Channel. As both sides fought for the upper hand, they clashed in Picardy, Albert, and Artois. Ultimately reaching the coast, the Western Front became a continuous line reaching to the Swiss frontier. For the British, the year concluded with the bloody First Battle of Ypres in Flanders where they sustained over 50,000 casualties. Peace on the Front After the heavy fighting of the late summer and fall of 1914, one of the mythic events of World War I occurred. The 1914 Christmas Truce began on Christmas Eve along the British and German lines around Ypres, Belgium. While it took hold in some areas manned by the French and Belgians, it was not as widespread as these nations viewed the Germans as invaders. Along the 27 miles of front manned by the British Expeditionary Force, Christmas Eve 1914 began as a normal day with firing on both sides. While in some areas firing began to slacken through the afternoon, in others it continued at its regular pace. This impulse to celebrate the holiday season amid the landscape of war has been traced to several theories. Among these was the fact that the war was only four months old and the level of animosity between the ranks was not as high as it would be later in the war. This was complemented by a sense of shared discomfort as the early trenches lacked amenities and were prone to flooding. Also, the landscape, aside from the newly dug trenches, still appeared relatively normal, with fields and intact villages all of which contributed to introducing a degree of civilization to the proceedings. Private Mullard of the London Rifle Brigade wrote home, we heard a band in the German trenches, but our artillery spoilt the effect by dropping a couple of shells right in the centre of them. Despite this, Mullard was surprised at sunset to see, trees stuck on top of the [German] trenches, lit up with candles, and all of the men sitting on top of the trenches. So, of course, we got out of ours and passed a few remarks, inviting each other to come over and have a drink and a smoke, but we did not like to trust each other at first. The Sides Meet The initial force behind the Christmas Truce came from the Germans. In most cases, this began with the singing of carols and the appearance of Christmas trees along the trenches. Curious, Allied troops, who had been inundated with propaganda depicting the Germans as barbarians, began to join in the singing which led to both sides reaching out to communicate. From these first hesitant contacts informal ceasefires were arranged between units. As the lines in many places were only 30 to 70 yards apart, some fraternization between individuals had taken place prior to Christmas, but never on a large scale. For the most part, both sides returned to their trenches later on Christmas Eve. The following morning, Christmas was celebrated in full, with men visiting across the lines and gifts of food and tobacco being exchanged. In several places, games of soccer were organized, though these tended to be mass kick abouts rather than formal matches. Private Ernie Williams of the 6th Cheshires reported, I should think there were about a couple of hundred taking part...There was no sort of ill-will between us. Amid the music and sports, both sides frequently joined together for large Christmas dinners. Unhappy Generals While the lower ranks were celebrating in the trenches, the high commands were both livid and concerned. General Sir John French, commanding the BEF, issued stern orders against fraternizing with the enemy. For the Germans, whose army possessed a long history of intense discipline, the outbreak of popular will among their soldiery was cause for worry and most stories of the truce were suppressed back in Germany. Though a hard line was taken officially, many generals took a relaxed approach seeing the truce as an opportunity to improve and re-supply their trenches, as well as scout out the enemys position. Back to Fighting For the most part, the Christmas Truce only lasted for Christmas Eve and Day, though in some areas it was extended through Boxing Day and New Years. As it ended, both sides decided on signals for the recommencement of hostilities. Reluctantly returning to war, the bonds forged at Christmas slowly eroded as units rotated out and the fighting became more ferocious. The truce had largely worked due to a mutual feeling that the war would be decided at another place and time, most likely by someone else. As the war went on, the events of Christmas 1914 became increasing surreal to those who had not been there.

Information Systems Management & Quality Coursework

Information Systems Management & Quality - Coursework Example A good example would be the purchase of a computer system for Bexley Hospital worth  £12 billion. Did they not prepare a Needs Analysis based on survey and statistics so that the knowledge of â€Å"usefulness† or â€Å"functionality† of the computer system could be a solid basis for disapproving the budget for such a computer system? The government must have haphazardly allocated and implemented a  £ 12 billion budget only to realize that out of 9,000 organizations, only 160 would use the system. According to Michael Savage, that functionality was discovered only after the implementation process. What might be the reason why it seems that government does not have quality control over IT governance? This case study concerning Bexley Hospital was chosen because it clearly represents a situation wherein no pre-planning or poor planning was done using a comprehensive model that can screen a decision whether or not to approve and fund a project. According to David Camero n, the IT system ideas were sold to NHS Professionals and swallowed as a whole and â€Å"As Is† after IT Consultants gave recommendations to government. That Computer Weekly article, News Clipping. 2, revealed no checking and control functions. Cameron cited inefficiency as a result of a preference for centralized and large computer systems that tend to be more costly and riskier. 3. Clarifications about the problem showed that centralized data that should have been accessible in local areas turned out to be 3 to 4 years delayed. See News Clipping.... This can be read in the Kable’s Government Computing article. See News Clipping # 3. In another article, clarifications about the problem showed that centralized data that should have been accessible in local areas turned out to be 3 to 4 years delayed. See News Clipping # 4. And the more detailed explanations for such a scenario are found in News Clipping # 5. It says, â€Å"†¦the centralized system has often been seen as a failure owing to continued installation setbacks, rising costs and data management problems.† In determining the needs of government for IT resources, for example, the ISMQ should have utilized a model that can filter the basis of decisions based on real needs instead of artificial or imaginary needs. A sample self-made model would be as follows: + + + It should be recalled that Information System projects are not the only projects in need of allocation of resources. Whatever will be the evaluation of alternative IS projects would have to compe te for funding prioritization in the government’s portfolio of many projects in various aspects of governance. Such a model would have identified the limited beneficiaries who would not represent the common good of 9,000 organizations. There should have been a survey if most of them need the computer system under certain conditions, e.g. on the condition that the system provides updated information. It turned out that only 160 out of 9,000 found a need for the expensive computer system which had to be replaced. Potential delays and more accurate timetables can be communicated to administrators of the system in order to set the right expectations insofar as performance and efficiency are concerned. The timely

Interior design - university case study Assignment

Interior design - university case study - Assignment Example ful forces for the effectiveness of school and universities; however this belief must be justified by empirical evidence for its better implementation at practical level. The University of Minnesota is also trying hard to adopt technologies and techniques that will help them improve student learning in the classroom environment. The management and the professors at the University of Minnesota thinks that it is not the laptops, projects or tablets which are considered important for the classroom environment. But it is the swivel chair that contributes towards the effective learning of the students. Research support the fact that the instructors should have students switch and change in a fluid moment rather than make them clunking around and trying to get them into different situations. The researchers at the global education environment think that the role of the teacher should be more of a coach rather than just focusing on the delivery of information which may not even be effectively interpreted by the students. The classrooms at the University of Minnesota are more intentionally designed that positively correlates to the student engagement which helps in improving the rate of student success. When students at the University of Minnesota were questioned about the swiveling chairs and connectable tables, almost 72 percent of the students said that the changes in the interior of the classroom increased the level of concentration and their engagement in classrooms. They also agreed to the fact that changing the interior of the classroom and including more swiveling chairs and connectable tables will help the students to achieve higher grades. After observing the effectiveness of swiveling chairs and connectable tables the University of Minnesota is planning to renovate more classrooms and also the lecture halls for the fall semester. Beside the interior of the class, leadership is also considered to be a powerful force for the effectiveness of student learning.

Business Communication Essay Example for Free

Business Communication Essay His vision to give young, fashion forward men and women a unique way to express their individuality through style resulted in millions of customers worldwide and propelled his designs to the forefront of the fashion industry. It all started in 1990, with a mere $1,100 in his bank account, Madden started crafting shoe designs from his Queens-based factory and the  Steve Madden  brand was born. With a lot of courage, years of experience in the footwear industry, and unique creative designs,  Steve Madden  formed his own successful enterprise. A year later, Madden introduced a redefined version of platform shoes, resulting in one of the most spectacular success stories in the early 1990s. Inspired by his favorite rock and roll stars of the 1970s, the thick, chunky heel became  Steve Maddens  signature and a phenomenon in womens shoes. Maddens footwear vision is continuously evolving. Steve once said, What inspires me is what I see people wearing on the streets of the world from New York to London and beyond. I get my ideas and inspiration from pounding the pavement all over the world. Today, fashion is dictated by individual style. To me, the fashion of the future is anything that a young guy or girl feels good wearing as long as  its put together in the right way. (www. stevemadden . com) Today, the  Steve Madden  brand represents a lifestyle. It is about embracing fashion while still maintaining that funky independence that first defined the brand 20 years ago. Expanding now into apparel and other accessories such as dresses, handbags, belts, sunwear, cold weather, outerwear and hosiery,  Steve Madden  is always looking toward to the future. As 2013 begins, more exciting opportunities are on the horizon including re-packaging, new store design rollout and expansion in global markets. The days when the future did not seem so bright In April 2002, Mr. Madden found that neither his investors nor federal judges take too kindly to stock manipulation and securities fraud. Steve Maddens talents as a shoe designer helped him build a 240 million dollar empire in his own name. But by his own admission, that wasnt enough he was greedy for more. His greed cost him about eight million dollars and control of the very company that brought him such riches. Madden was sentenced in 2002 to 41 months in prison for his role in a stock swindle scheme coordinated by the now-closed brokerage, Stratton Oakmont. His wrongdoings include conspiring to manipulate the stock prices of more than 20 companies, including his own. And, he did it at the expense not only of the public but his own investors who lost more than 100 million. Besides paying restitution, Madden had to resign as CEO of Steve Madden Ltd and leave the board of directors. He is also barred from holding a position as officer for seven years. However, he did retain a creative position until his prison sentence began that fall and will likely fill that capacity upon release later this spring. Meanwhile, those left to keep the company going in his absence quickly started their damage control efforts. A new board of directors was quickly assembled. Among those elected were Maddens brother and a corporate accounting guru. Once their former leader began repaying his debt to society, company heads began cleaning Steve Madden Limiteds financial house; making sure stock prices accurately reflected the health of the business. The company fully cooperated with the SECs investigation and hired an independent auditing company to keep watch over the process. Those days and even today, the companys financial practices are an open and well-kept book. Anyone could get the latest financial news from the same site by loging on to for the latest shoe designs. After heading off anymore potential legal woes, management began to focus on keeping the business itself walking tall. If the companys sales reports were any indication, not having Steve hasnt really hurt Steve Madden Limited. While the founder has been in a Florida prison, the companys management built on his vision by expanding into other areas. Steve by Steve Madden moved the company from the trendy 16 to 24 year old demographic into upscale footwear for a more mature crowd. The company licensed Candies and Unionbay footwear for men. Rather than try and replace or substitute Maddens design eye, they took what they had and introduced it to new markets. It worked. According to company reports, nearly all of the brands have increased profit margins and inventory levels. In a press release, management expressed hope that their profits would have increased in 2005 as compared 2004 (which actually happened). 2. Corporate Communication after the Bad Publicity But prison didnt break Steve Madden—or his company. Like so many of todays celebrity convicts, from Martha Stewart to Paris Hilton, Madden says he emerged a changed person. He served out his sentence, doing yardwork, teaching business classes to other inmates, reading four books a week (from The Devil Wears Prada to David McCulloughs Truman) and pumping iron obsessively. I used to wear this tank top in prison, he says. And Id stare at myself and flex. I never did that before. He even got married, to a Madden employee who came for regular visits. And when he was released in April 2005, Madden says, he was stronger physically, mentally, spiritually than hed ever been. After the return of Steve Madden from prison, he decided not to shy away from the imminent release of its namesake founder fro m prison. The company was promoting the return of its creative leader in a series of eye-catching posters and print advertisements, and is having some fun with it in the process. While the ads do not say where Madden has been, one suggests, in a wink-wink kind of way, that Mr. Madden has not been on a sabbatical, a secret mission or up the  Amazon  collecting snakes: A new meaning for the word spring time. Steve returns. Spring 2005. The company had launched a rather interesting press campaign celebrating Steve Maddens upcoming release from prison. One features a girl wearing an ankle bracelet and another features an empty pair of shoes with the words, Theres one pair of shoes thats been impossible to fill. Steve returns Spring 2005. Others allude to Madden getting sprung in Spring 2005. Financial Dynamics, the shoe retailers investor relations agency, says the campaign is a positive way of dealing with the prison sentence. It makes light of the companys troubles, sending a message that the board is over it and customers should feel the same way. Its also a sure fire way to get people talking about the brand. When it comes to sales, the only bad publicit y is no publicity. Once upon a time, a company, particularly one that sold products to the public, would shun publicity if it possibly could when a senior executive encountered legal woes. The idea that a company especially one like Steve Madden, which sells shoes mostly to teenage girls and women in their 20s would actually run ads calling attention to its leaders prison past would have flabbergasted experts in fields like brand identity, advertising and public relations. I love controversy; I love pushing the envelope, but when you have a younger customer you have a responsibility to take the law and authority seriously, said James LaForce, partner at LaForce Stevens in New York, a marketing communications agency specializing in fashion and entertainment clients. That was of course before Martha Stewart, whose public image has, by initial measures, seemingly gained in stature after her release from federal prison. A colorful paper flap decorated with a photograph of her cradling a chicken, declaring Welcome home, Martha, was attached to the cover of Aprils Martha Stewart Living magazine, published by  Martha Stewart Living Omnimedia. Companies like Mr. Maddens and Ms. Stewarts may also be more likely to embrace their convicted executives, since those executives have plenty of influence in the boardroom. Reticence about an executives past also predates a world in which rappers can find the sales of their music increasing in seeming lock step with the severity of their scrapes with the law. Its in now to be out, out of prison, that is, said Paul Cappelli, chief executive at the Ad Store in New York, an advertising agency that creates campaigns for brands like  JetBlue. I could see myself suggesting something like this to a client, Cappelli said, that instead of ignoring the 5,000-pound elephant in the corner, you might as well bring it out into the open and make hay of it. Robert Passikoff, who has been tracking consumer response to the Martha Stewart brand as president of Brand Keys in New York, a brand and customer-loyalty consultant, said that his index of its value had recently risen. The index has climbed to 96, Mr. Passikoff said, compared with a bottom of 62 lower than  Enron, he said before she entered prison. (The peak was 122 in May 2002. ) Is the new badge of honor, I served my time? We are not sure it doesnt ultimately hurt, even if the American public is largely forgiving when people serve their time. The campaign is trying to make him the face of the brand but who wants the face with numbers under it? Steve Madden is different from Martha Stewart, because unlike her, he was never the brand. He was the label, so a lot of people dont know who the guy was and didnt know he went to jail. That has worked to Steve Maddens advantage so far,, citing the history of the Madden brand index: It was 110 before Madden went to prison and fell only slightly, to 106. However, it is worth mentioning that consumers seem to be more forgiving about men than women. Brian Russak, a senior editor at Footwear News in New York who covers Madden, said: It seems like an obvious play to Martha Stewart, but I have to wonder whether that resonates with Maddens consumers. We often say here the target consumer doesnt know there is a Steve Madden. Trey Laird, president and executive creative director at Laird Partners in New York, an advertising agency that creates campaigns for fashion and apparel brands like DKNY and Gap, also drew distinctions between Madden and Stewart. The Madden ads are kind of cute and clever, but this is not a Martha Stewart situation, when the whole country is watching because shes a cultural icon. I dont feel most consumers know about Steve Maddens sentence, he added, or if they knew, they forgot about it. The Madden campaign can be perceived as a parody of Ms. Stewarts story meant to get people talking about the brand, Laird said, particularly because the Madden brand has never been a brand that has taken itself seriously. For instance, a recent Madden campaign featured caricatures of its customers with comically oversized heads. A statement by Financial Dynamics read: Steven Madden Ltd. looks forward to the much anticipated return of the unique talent and creative design expertise of Steve Madden in the spring of 2005. Further, the company believes the current advertising campaign embodies and enhances the Steve Madden brand. If the rise in Martha Stewart stock is any indication, getting out of prison seems to be in. The publicity generated by Maddens return could translate into increased exposure and, in turn, increase sales in the future. Plus, having him back at the head of the creative team will bring his company something it hasnt had in a while his ability to give the millions of women who buy his shoes what they want. So, If theres one thing Americans enjoy more than watching the mighty fall, its granting them forgiveness. You have to go through a process. You made your mistake, you did your time, Madden says. You have to be a little contrite to get redemption. To judge from the recent performance of his company, Maddens been forgiven—at least by that segment of the population that favors shoes with animal prints, polka dots and four-inch heels. Sales were $475. 2 million in 2006, up from $375. 8 million the year he was released, while net income more than doubled to $46. 3 million. Madden is quick to admit that hes made mistakes. But he says he wouldnt change a thing about his life. Everything Ive done has gotten me to where I am today, he says. His prison experience has clearly had an impact on his designs. The next offering from the prison groom: wedding shoes, called I Do. Its a huge market, he says. Marriage is sort of back on track. And so is Steve Madden. . The Crisis 3. 1. Chain of events In summer 2004, Maddens luck turned when he was indicted for stock fraud and money laundering in both the Eastern and Southern Districts of New York. According to the charges, Madden secretly purchased stock on behalf of the principals of two corrupt penny-stock brokerage firms Stratton Oakmont Securities of Lake Success, Long Island, and Monroe Parker, of Purchase, Westchester helping them manipulate 29 initial public offerings, including that of his own company. That same day, the Securities and Exchange Commission came after him with a civil suit alleging Madden had employed devices, schemes, and artifices to defraud. If convicted in either of the criminal cases, Madden would face up to more than twenty years in prison and several million dollars in fines. If he were to lose the SEC case, which was put on hold until the criminal cases were completed, he could be forced to pay millions more. Even worse, he ran the risk of being barred from serving as an officer or director of any public company, including his own. On the day of his arrest, while Madden was busy pleading not guilty to all charges and pledging his East Hampton country house and the Long Island homes of two friends in order to make bail, shares of Steve Madden Limited fell almost 15 percent to $11. 85 before nasdaq halted trading. Two days later, when the stock (which trades under the ticker SHOO) reopened, it fell to $6. 88. Though the stock has traded up as high as $13. 88 due to a recent rally in the footwear sector, it has yet to regain its pre-indictment momentum. The storys sad. Its a great story. Its a real American story. My old friends took me public, they turned out to be crooks, and Im innocent†, Madden has been quoted to say. While the indictment has severely damaged Steve Madden Limiteds standing on Wall Street – there was a consolidated class-action shareholder lawsuit pending against the company, and it has hired Bear Stearns to explore all possible strategic options, including an outright sale it hasnt tarnished Steve Maddens reputation as a design and marketing genius. He has some special knack at figuring out what teen girls want to wear, says Sanford Bernstein analyst Faye Landes. According to teen-market consultant Irma Zandl, who ranks Madden with Nike and Adidas in the top five brands that girls favor, his shoes are popular because they are fabulously over-the-top. Steve Maddens are not for the conservative girl, she says. If hes going to add leopard skin, hell do it ten times more outrageously than anybody else. Its for people who think less is less. Every week following his indictment, Madden used to get more than a thousand e-mails from his customers, only a handful of which referred to his legal predicament. In fact, the company not only refused to retrench, instead it was aggressively expanding. At that year’s Grammy Awards, the company made a bid for high-profile customers by giving out fluffy leopard-print slippers to special guests. Three days later, at the Western Shoe Association show in Las Vegas, Madden introduced his newest product line at the time: Steve Madden Mens. 3. 2. The players While Madden was working his way up in the shoe industry, his best friend, Danny Porush, was stuck in a rut. After five years at Boston University, he left without getting a degree and bounced from job to job, working for, and starting up, a variety of small businesses, including an ambulance company called SureRide Ambulette. In 1988, while watching his son in the playground of his Bayside, Queens, apartment complex, he met an unlikely mentor: a dental-school dropout and former door-to-door meat and seafood salesman named Jordan Belfort. A short, brash, young Jewish guy, Belfort boasted he was making $50,000 a month selling penny stocks out of a boiler room in Great Neck. As Porush would later testify, Belfort confided the business was half a scam, but the chance to increase his income tenfold was a siren call Porush couldnt resist. Two days after they met, he closed down SureRide and joined the firm. Using fanciful scripts, the brokers Belforts childhood friends from Queens, Porushs golf buddies, money-crazed kids recruited from Long Island college campuses sold and manipulated tiny, high-risk IPOs, according to testimony, by grossly exaggerating their prospects, boasting that they had inside information, and generally saying whatever was necessary to make a sale. Their underwritings encompassed a vast array of low-rent businesses and all had the same trading pattern the stocks would soar when they touted them but then come crashing down when the brokers unloaded their stakes. In 1992, Steve Madden made a decision that at the time seemed natural enough: He hired his best friends firm to be his banker. While Madden knew that the SEC had already accused Stratton of engaging in price manipulation and employing high-pressure sales tactics, he considered it a legitimate company. They cleared through Bear Stearns, Madden recalls, pointing out that Strattons link to the giant firm gave it an aura of respectability. Besides, Stratton was not only willing to raise capital for Steve Madden Limited in the private markets, it wanted to take the tiny, unproven company public. Like his friend Porush, Madden was going to enter the big leagues. On December 13, 1993, only seven months after the first (and, at that time, only) Steve Madden shoe store had opened on Broadway in SoHo, Stratton Oakmont took the company public at $4 a share. The most active stock on the nasdaq on the day of its offering, SHOO closed at $8 a share, a huge gain in the pre-Internet era. Just a few months later, it sunk to $3. With only $5. 3 million in sales, a net loss of $900,000, and a boom-bust trading history, the company simply seemed to be nother one of Strattons overhyped IPOs. But it wasnt. In 1994, Madden surprised his critics. With hardly any advertising, Madden increased sales by almost 40 percent. The next year, sales tripled to $39 million, prompting Madden to hire Rhonda Brown, the former merchandise president of Macys East, to become his chief of operations. Soon, Madden had celebrity customers Carmen Electra, Sarah Michelle Gellar, Neve Campbell, Alyssa Milano, Mary J. Blige. By 1997, the company was generating $59 million in total sales, operating seventeen stores, and introducing a clothing line designed for a customer who doesnt break the law but does break the rules. That spring, in a lengthy profile in  Footwear News,  Madden compared his company to an underground rock-and-roll band that gets its first hit single. Meanwhile, over in lake success, Porush and Belfort were struggling to stave off failure. While they were still raking in tens of millions a year from stock manipulations, regulators were working to put Stratton out of business. In March 1994, they nearly did: As part of a settlement with the SEC, Belfort was barred from the securities industry for life. But Porush managed to garner a lighter sanction, barred for just one year from supervising other brokers. In the wake of the ruling, Belfort continued to control the firm through Porush. Inevitably, though, the relationship between the partners soured. In January 1997, the company eventually filed for bankruptcy. By that time, Gregory Coleman, an agent in the FBIs securities-fraud squad at 26 Federal Plaza, had been investigating Stratton for several years. In 1995, under instructions from federal prosecutors, Coleman sent out a flurry of subpoenas to some of Strattons clients, including Madden, in an effort to create a panic that would culminate in a race to the governments door. One year later, U. S. Customs officers in Miami arrested a young French private banker who worked for Union Banquaire Privee in Switzerland. The arrest was made as part of an unrelated money-laundering sting operation, but hoping to win a lighter sentence, the banker began to talk. By sheer coincidence, he had two clients who were of particular interest to the government: Jordan Belfort and Danny Porush. On September 2, 1998, just a few minutes after pulling out of the driveway of his Old Brookville mansion to take his 5-year-old daughter to the video store, 36-year-old Jordan Ross Belfort was arrested for conspiracy to commit money laundering and securities fraud. The next day, 41-year-old Daniel Mark Porush was nabbed down in Boca Raton. Faced with maximum sentences of twenty years in prison, both men came to the same conclusion: After only a week in jail, they decided to flip. It was like taking down the heads of a major crime family, says former assistant U. S. ttorney Joel Cohen, the prosecutor in the indictment. But in this case, the organized crime was the brokerage business. Porush and Belfort secretly wore wires to record their friends and dragged down dozens in their wake: lawyers and accountants, bankers and brokers. 3. 3. Effects For the government, Steve Madden was one of the biggest catches in the dragnet. The shoe mogul had been a focus of the investigation for some t ime; the SEC had cited his companys IPO as one of those that had been manipulated, and believed that Madden was routinely getting, and flipping, stock in other Stratton deals. Although some of Strattons IPOs had grown into profitable businesses, only Maddens company had become a significant success. But according to Belfort, the celebrity CEO was also a rat hole, a place to hide stock. Porush, his P. S. 1 buddy, didnt hesitate to give him up either. Madden, as he recently testified at the trial of Strattons former auditor, was deep into the fraud with us. According to the Madden indictments, the designers personal connection to Stratton began in 1991, when Madden agreed to secretly buy and sell stock in Stratton deals on Porushs behalf with the understanding that he would incur no risk. (Porush, as a principal of the firm, was restricted in his ability to trade stock in these companies. ) The deal was that Madden would earn a predetermined profit on each transaction, then kick back to Porush a significant portion of the proceeds, either in cash or by purchasing stock from Stratton that was deliberately overpriced. Once Belfort was barred from the securiti es industry in 1994, Madden allegedly entered a similar agreement with him regarding the Stratton spinoff Monroe Parker. But according to the SEC, Madden wasnt only ripping off the general investing public, he was ripping off his own shareholders as well. In early 1993, the SEC alleges, Madden agreed that the IPO of his company would be a manipulation similar to previous Stratton IPO manipulations . . . such as Master Glaziers Karate International. In exchange for his agreement to follow Porush and Belforts instructions, they allegedly promised that even if SHOO . . . went bankrupt, Madden would make money on the SHOO IPO. In addition, as Belfort recently testified at the Stratton auditors trial, Belfort had a secret deal with Steve Madden to maintain control of his company after it went public. Because Belfort and his partners had financed Steve Madden Limiteds early development, they owned a majority stake in the company before it went public. But the National Association of Securities Dealers refused to list SHOO unless Belfort then under investigation for securities fraud dramatically reduced his stake. As Belfort testified, he agreed to sell his shares to a corporation controlled by Madden to placate the NASD, but it was a bo gus transaction. Under the secret deal which we had written down and legally signed, says Belfort, he was the true owner. Belfort exerted an extraordinary influence over the company. Strattons auditor, who was a friend of Belforts, also became Maddens auditor. In 1994, after Belfort was kicked out of the securities industry, he even joined SHOO as a consultant. In addition, according to Porushs testimony, key Madden employees were given stock in Stratton IPOs as part of their compensation. (A Madden spokesperson denies such an arrangement existed. ) As Porush explained, Part of the package when we recruited people for Steve Madden was . . . because youre in with us, youll make money on every new issue. In 1997, the Belfort-Madden friendship ended abruptly around the time Belfort asked Madden to sell some of the SHOO stock he secretly owned. Madden refused, and the dispute quickly turned into a bitter lawsuit, during which Belfort produced the deal they had signed. Madden admitted the signature was his but insisted he had been manipulated and tricked into signing by someone he had trusted as my friend, business associate, underwriter, and confidant. According to Madden, the demise of the friendship actually preceded the lawsuit, when Belfort started showing up stoned for work. I have no intention of allowing Jordan Belfort to ruin SMLs bright future by threatening me or by tarnishing the companys reputation, Madden vowed at the time. Ultimately, he settled the suit for $4. 3 million in cash, an outcome that favored his adversary. In the fall of 1999, around the time the government went public with the news that Porush and Belfort had been secretly cooperating, the U. S. Attorneys Office approached Maddens personal attorney, Joel Winograd, to discuss its case against his client. Soon, rumors that Madden might be indicted began wending their way around Wall Street. . Assessment As many people saw it, the fact that Madden had an account at Stratt on doesnt mean he knew what Porush and Belfort were doing, let alone that he was in any way involved. Madden was buying stock and making money, buying stock and losing money. He made more than he lost, but he didnt know what improprieties they were involved in. As Madden himself put it in the course of his lawsuit with Jordan Belfort: My strengths as a businessman lie in the design and sale of womens shoes, and I have never been comfortable with complicated or technical legal or business documents . . . I have always relied on the people around me. When asked why Madden employed Belfort as a consultant at Steve Madden Limited in 1994, after he was barred from the securities industry, his lawyer replies, Steve Madden is a loyal friend and a devoted human being. He didnt turn his back on Jordan Belfort in his time of need. And what about the $80,000 cash kickback Madden allegedly gave to a Stratton golf buddy in the locker room of the Engineers Country Club in Roslyn, Long Island? Its totally ridiculous, says Winograd. Cash? The government can explain from here to kingdom come. There is no way Steve would have had that amount of cash, and he wouldnt have had that in a bag walking around a country club. I think these fellows have watched too many spy thrillers. Lets say Steve was fooled, Mr. Madden’s lawyer summarizes. You can be savvy in business, but you may not be savvy in love and friendship. In any case, Steve will overcome, he vows. His company will continue to have record quarters of sales and earnings, and this will have a fairy-tale ending. Perhaps. But even if Madden was acquitted in both of his criminal trials, he still lost the civil case and, control of his company. For Steve Madden Limited, such an outcome might be manageable. Mr. Madden is extremely talented and a tremendous business partner, and hes wonderful, says the companys president, Rhonda Brown. But we could continue to grow our business profitably . . . whether hes on the golf course, or whatever. For Steve Madden the man, it could be devastating. My life, he says, is my company. 5. Conclusions Throughout the paper, we have researched and debated both sides of the issue and conversely presented both approaches by those involved or ever taking interest in the matter. Some say that the fashion mogul got what he deserved, bashing him for being a fraud under a publicly endearing persona, while others, close friends and devoted customers alike, stood behind him and helped if not the man, the company itself from disaster. Should a great visionary not content himself with being the image upfront and the genius behind the empire he built and instead take charge of other key areas that make a business successful rather than trusting others, trusted friends or proven experts with managing them? That may be true and perhaps this was where Mr. Madden made the biggest mistake of all. While the case was and still is controversial, the company succeeded in overcoming the crisis and continues to be among the most profitable and booming shoe fashion business in the States.

Stress Essay -- essays research papers

In years past, careers were milestones, which demonstrated successful accomplishments within our lives. Men utilized their careers to stake claim in society; a way to categorize their family’s worth. â€Å"Honey, I’ll be working late tonight† sometimes signified that the â€Å"gang† would have a long evening of crunching numbers, entertaining clients, or even smoking cigars with the boss while talking shop. If life went according to plan, and you chose the perfect career, the worst part of your workday would be choosing the best tie to match your navy pinstripe suit. Well, things have certainly changed. Careers are no longer guaranteed based on who-ya-know concepts. Today, young men and women both prepare frantically in high school to have the best grades and make the right contacts to ensure that once they graduate, they are accepted in a top-notch colleges, in hopes to transition into the perfect career. Little do they know, that because of the changing times, high demands, advancement in technology, liberal concepts, unethical business practices, etc., careers are no longer work filled bliss and may cause a great deal of work-related stress. When you accept a position for employment, one of your last thoughts is â€Å"gee, I wonder if the work environment here causes a great amount of stress.† Of course, if you are a day trader or a high risk emergency room doctor, you have some idea that your position within the organization will in fact be demanding and have a level of stress that is greater than other careers. But, if you are a bank teller, college professor, or a bus driver, work-related stress may not be a deciding factor when one accepts a new job. There are various definitions defining the word stress. Stress is â€Å"a state of extreme difficulty, pressure, or strain,† as defined by the American Heritage Dictionary of the English Language (Author Unknown, 2002). Stress can also be comically defined as, â€Å"the confusion created when one’s mind overrides the body’s basic desire to choke the hell out of someone who desperately deserves it† (Author Unknown). Though both definitions accurately describe stress, Robert N. Lussier, author of Human Relations in Organizations, defines stress as â€Å"an emotion and/or physical reaction to environmental activities and events† (Lussier, 2005). When defining work-related stress however, emotional or physical relations that occur are ... ...y and exercise. Exercise produces endorphins, which help make you more upbeat and cheerful. â€Å"Think positive† (Lussier, 2005). It is ok to admit when you are at fault. But, once you do, learn from it, get over it, and move on. There are many ways to detect and treat stress. These are only a few that may be used as a preventative measure. Of all the suggestions listed, the most important is to relax. The old saying goes â€Å"take one day at a time.† Once you have made the accomplishment to get that great job, see it as an opportunity and not a stress filled threat. References Armour, S. (2002, May 16). Employees seek worker’ comp for on-the-job stress. USA Today, News, 01a. Author Unknown (2005, January 27). Management standards for work-related stress.   Ã‚  Ã‚  Ã‚  Ã‚  January 31, 2005, from http://www.hse.gov.uk.stress/standards/index.htm Author Unknown (2002). Dictionary.com The american heritage ® dictionary of the english language, fourth edition. January 31, 2005, from http://dictionary.reference.com/search?q=stress Lussier, R.N. (2005). Human relations in organizations: applications and skill-building 6th edition. (pp. 45 – 50). New York, NY: McGraw Hill