Investment Companies Essay Example for Free

Investment Companies Essay Investors need to consider a lot of factors before investing their money in any firm. Company stability and ability to generate profits is the main attraction for any investor. Bank of America and Apple Inc are some of the most stable companies in their respective fields. Besides these are some of the highest paying industries in the world today. Bank of America Bank of America is the largest brokerage house and consumer banking franchise in the United States (Lewis, 2010, p1) during the financial crisis, bank of America posted huge losses coupled by the untimely purchase of Merrill Lynch. However in April 2010 bank of America reported a $3. 2 billion first quarter profit signifying an imminent complete turnaround for the company. Interestingly, most of the profits were generated from the trading at Merrill Lynch. The gamble to buy Merrill Lynch had paid off. With the worst of the financial crisis over, bank of America is poised to make bigger profits and reclaim its eminence that it lost to JP Chase and Goldman Sachs. Though it is unlikely to continue with the acquisitions that characterized most of its growth phase, the bank no doubt will be a big player in wealth management in the US. Long term investment in bank of America therefore will be a wise decision by an investor who is looking to capitalize to a rising stock price and dividend per share revenue. Besides, the regulations that the administration will introduce will ensure profitability and stability of the banking sector. However, given that the financial markets have not fully recovered, coupled with the impending WallStreet reform by the administration, there is likelihood that resulting volatility may eat into the company’s profits and share price. Besides, the company, like many other banks is still repaying government bailout money, a move that will affect its profits and effectively its investors. Apple Inc Dynamism describes the world of technology today. New information gadgets are introduced to the market every year. Apple is on of the companies that has emerged as a market leader challenging established giants like Microsoft and easily cutting a niche for its itself in the market. Apple prides itself with successes such as the i-Pod, the i-Tunes Store, MacBook sales, and excellent Mac OS X. Innovation to meet the ever demanding market is the main driver of apple and with its cutting edge products like the i-phone, i-pod and recently the i-pad, investing in Apple inc will be a good decision because certainly these are not the last of their products. The company has one of the highest share prices in the New York Stock exchange which stood at $140 pr share as of 2008 (Tyson, 2008, p 11). Every time people buy Apple products, it increases the company sales and profits which in return drive up the stock price (Tyson, 2008, p 11). With the continued good performance, an investor is guaranteed of good returns in the long run. While some computer and software companies saw their profits plunge during the recession, Apple’s strong position ensures continued movement of their products, a clear indicator that the company can whether big economic fluctuations and guarantees an investors returns for their money. Apple Inc. has concentrated on developing mobile gadgets but the same effort is needed in developing products like the Mac desktop. Competition from other computer and software manufacturers is stiff and an information technology company that cannot sustain the innovation trends is likely to post less sales, profits and stock price. Competitors like Microsoft and phone manufacturers like Motorola are likely to come up with gadgets that will target the entertainment industry, enterprise and high performance computing, none of which apple is well prepared for (Martellaro, 2006, p1). Expanding their niche therefore to include more products will secure the future of the company and ensure long-term stability.

Market analysis of Engro Corporation in Pakistan

Market analysis of Engro Corporation in Pakistan Around 45 years back from today, Mari Gas field was discovered by Esso Mobil joint venture that led to the basis of Esso Pakistan that is now popularly known as Engro Corporation. Today it is one of the largest companies operating in Pakistan with diversified operations ranging from fertilizers to polymer and has also established itself in the field of dairy products with Engro Foods. As the website says, Engro stands for energy for growth. From inception, ours is a legacy of continuous growth, new challenges and fulfilled promises. From fertilizers to dairy products, business solutions to PVC resin, power generation to commodity trade, at Engro our ambition is to become the premier Pakistani enterprise with a global reach. ENGRO FOODS: After establishing its firm footing in the chemicals and fertilizers sector, Engro decided to try its fate in the foods and came up with a spin off in the form of Engro Foods. Engro Foods Limited was officially launched as a fully owned subsidiary of Engro in 2004. Using dairy as a stepping stone to enter into the food business, the Company has established state-of-the-art processing units in Sukkur and Sahiwal, along with an ice cream production facility in Sahiwal. Top quality brands like Olpers, Olwell, Tarang, Omore and Owsum have been successfully launched under the helm of Companys dairy products. To support these brands and their highest standards of quality, Engro Foods has invested heavily in milk processing and milk collection infrastructure. (Engros website) VISION: Engro Foods vision is Elevating Consumer Delight Worldwide and the Company aims to generate a significant portion of its revenue from foreign operations. SUCCESS OF OLPERS: Olpers has had an overwhelming success ever since it entered the market. It has now become one of the leading brands in the dairy industry. When Engro foods back in 2006 decided to launch Olpers, experts were of the opinion that the brand would eventually fail considering the fact that there were established brands like Haleeb and Nestle Milk Pak. However, by the end of 2006, Olpers annual sales were of Rs. 1 billion and in 2008 the brand had 22% of the market share of worlds fourth largest milk producing country. Following factors have significantly contributed to it: Tag line Subha Bakher zindagi Ramzan campaing The World of Olpers, for example, involves reaching out to the different locations in various cities and having the housewives participate in learning and showcasing milk-based recipes. Morning shows The Olpers Consumer Relationship Party, another ongoing BTL based program, which intends to create and maintain loyalty amongst the brands users. Olpers, however, stepped into the foray by launching a massive campaign that started off with an introductory slice-of-life television commercial featuring some of the biggest stars in Pakistan. Total Quality Management (TQM): A concept that focuses on managing the total organization to deliver quality to customers. Four significant elements of TQM are employee involvement, focus on the customer, benchmarking and continuous improvement. (MANAGEMENT, DANNY SAMSON RICHARD L DAFT). Employee Involvement: Employee involvement maybe referred to as a participative strategy to engage the employees of the organization, designed to encourage employee commitment to organizational success. Employee involvement emphasizes making the employee a stakeholder in business performance through rewards systems such as gain sharing and through business education. Focus on Customers: Any business largely depends on its customers in order to flourish; therefore, customer satisfaction is a key aspect that the organizations need to take proper care of. Your company will need to outstandingly serve the customer. It may be achieved through the following: Quickly responding to customer queries. Providing information as needed Creating custom surveys to capture your customer needs Benchmarking: Benchmarking refers to the process through which organizations evaluate various aspects of their processes in relation to the best practices that are present within their own industry. They then plan to adopt these best practices in order to enhance performance. Benchmarking is a basic tool for implementation of Total Quality Management. TQM focuses on how to improve the work processes in order to get better products. And with the help of benchmarking one can measure a work process or procedure and then to set a standard and improve the processes to that standard. This would improve the effectiveness and efficiency and thus TQMs goal will be achieved Continuous Improvement: Continuous improvement is one of the four stages that are involved in TQM. It deals with the organization employing various R D techniques in order to make improvements that can lead them to be competitive in their industry. As it is said that competitiveness may only be achieved through innovation and that can only be attained through continuous R D. As most of Engros food products are milk based, therefore the Milk Procurement Department of theirs plays a pivotal role in ensuring that quality is delivered to the customers. Collection of milk from rural areas is one of the key features of the milk industry and since Olpers recognize its importance therefore, the department is responsible for regular collection of milk and to ensure the freshness of it. Moving on, in its overwhelming success, the Quality Assurance department also has played its part. There are qualified food technologists that are responsible to make sure that the end product reaches the customer with the quality that is promised and that Engro aims to deliver, thus focusing on its customers. Like any other company it was not an easy task for Engro to step in and for this it had to carry out a market research. First thing that the management noticed was that people wanted milk for all purpose and later that became Engros top priority. Moving on, Engro wanted to further expand its product varities and then came up with Owsum milk, Olwell, Tarang etc. (continuous improvement). However, to them customer feedback was particularly of great importance and hence after Olperss launch in the market, they conducted market research to obtain customer feedback. Customer feedback came as a positive sign and then Engro decided to make further investment by setting up a plant in Sahiwal. (focus on customers) Not only was it helpful for the company to determine its own standing in the market but at the same time it proved beneficial to have a measure of the competitors. The customer survey was particularly important to estimate the number of loyal customers of competing brands and also i n making decisions and drawing strategies for times to come. SWOT ANALYSIS: STRENGTHS: Engro as parent company. Good relations with farmers Customer Feedback Research Third Generation Plant- only one in Pakistan who has it, removes bacteria content effectively. WEAKNESSES: Collection of loose milk Milk collection and distribution costs OPPORTUNITIES: People switching from loose milk to Tetra pack Improving economic conditions of the country. Pakistan one of the largest milk producing countries in the world THREATS: Fierce rivalry and competition Different prices Principles of Management Survey Q1. Name: ________________________________ Q2. Gender: a) Male b) Female Q3. Age: a) 10-20yrs b) 20-30yrs c) 30-40yrs d) 40-50yrs e) 50 above Q4. Profession: a) Student b) Housewife c) Working Q5. Brand that you prefer is: a) Milk Pak b) Haleeb c) Olpers d) Pakola e) Other Q6. Reasons for your choice: _________________________________________ _________________________________________ __________________________________________ Q7. Did you prefer any other brand before switching to the current one? Yes b) No Q8. If yes, then which brand did you use earlier? ____________________ Q9. Reason(s) for switching: ___________________________________________ ___________________________________________ Q10. Any recommendations that you would want to make (only in case of Olpers): ______________________________________________________________________________________________________________________________________________________________________________________________________________.

The Concept Of Csr Business Essay

The Concept Of Csr Business Essay 2.2 The History of CSR through the Centuries. The Business Relations, Accountability, Sustainability and Society Centre, known as BRASS, in its report History of Corporate Social Responsibility and Sustainability (2007), states that The history of social and environmental concern about business is as old as trade and business itself. Commercial logging operations for example, together with laws to protect forests, can both be traced back almost 5,000 years. In Ancient Mesopotamia around 1700 BC, King Hammurabi introduced a code in which builders, innkeepers or farmers were put to death if their negligence caused the deaths of others, or major inconvenience to local citizens. In Ancient Rome senators grumbled about the failure of businesses to contribute sufficient taxes to fund their military campaigns, while in 1622 disgruntled shareholders in the Dutch East India Company started issuing pamphlets complaining about management secrecy and self-enrichment . Moving further, Eberstadt (1977) claims in his study that phenomena of social responsibility were already presented in the ancient Greece, while todays corporate responsibility movement is an attempt to restore a 2,000-year-old tradition of businesses being connected to the community (cited in Panwar, Rinne, Hansen Juslin, 2006). In the 18th century the businesses started to anticipate that having an efficient labour force was essential for the successful delivery of their activities. During that period Adam Smith, the great moral philosopher and pioneer in economics, present for the first time the traditional or classical economic model. The model suggested that the needs and the interests of the public would best be met if the individuals act in self-interest manner. Driven by their own self-interests, the individuals would produce and deliver goods and services which would earn them profit, but also meet the needs of the others (Fernando, 2009). According to Brown (2005), the companies in order to keep their employees satisfied, because of the negative effects that the lack of food, housing and healthcare had in the labour force efficiency, they started to invest in housing, healthcare and nourishment. Thus, the worker villages of the industrial revolution, company medical facilities and the subsidized wor ks canteen appeared. That action of social philanthropy by the companies can be considered as the forerunner of the modern day CSR. Sims (2003) claims that the contemporary CSR originated back to the beginning of the 20th century and is based upon two principles. The first, the principle of charity, is based on religious tradition and suggests that those who are well financially should give to those with difficulties. The second one, the principle of stewardship, says that the organisations have an obligation to serve the society and satisfy the publics needs since their wealth and the power that they have springs through their activities within the society. This second principle had an impact on affected how companies were faced by governments, press and other groups and led to the conduction of new more socially responsible laws. The turn of the businesses to the society and the development of a more societal thinking led the organisations to increase their responsibility and consideration for both social and environmental well-being. This response to environmental and social matters by the corporations is what it is known today as Corporate Social Responsibility (Panwar et al., 2006). 2.3 Definitions of Corporate Social Responsibility The rise of the concept of Corporate Social Responsibility during the past decades resulted to the continuous debate about the exact meaning of the term. The only generally accepted view about the term CSR is that is a concept which covers several aspects. Frankental (2001), comments that CSR is a vague and intangible term which can mean anything to anybody, and therefore is effectively without meaning. Castka, Bamber, Bamber and Sharp (2004) argue that there is no single authoritative definition of CSR. The CSR concept seems to be a loosely defined umbrella embracing a vast number of concepts traditionally framed as environmental concerns, sustainable development public relations, corporate philanthropy, human resource management and community relations. During the examination of various literatures it can be seen that there is not a single generally accepted definition, although many authors and worldwide institutions defined the term CSR in similar ways. The first academically accepted definition of CSR can be found in the book Social Responsibilities of the Businessman, written by Howard Bowen in 1953. Bowen defines CSR as an obligation to pursue those policies, to make those decisions, or to follow those lines of action that are desirable in terms of the objectives and values of our society (cited in Panwar et al., 2006). Carroll (2004) argues that the social responsibility of businesses encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time, while Buhmann (2006) simply defines CSR as doing more than what is required by law. Johnson, Scholes and Whittington (2005), define CSR as the ways in which an organisation exceeds its minimum obligations to stakeholders specified through regulation. The World Business Council for Sustainable Development (WBCSD) defines CSR as the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large (cited in Castka et al., 2004). Finally, the internationally known law firm Freshfields Bruckhaus Deringer in the report The Development and Impact of CSR on the Construction Industry (2006), defines CSR as the voluntary integration of environmental, social and human rights considerations into business operations, over and above legal requirements and contractual obligations. To conclude, it can be clearly seen that the base line of the above definitions is the volunteering obligation that the organisations must have over their employees and their families, the environment and the general public which sometimes may go further their legal requirements. 2.4 Layers of Corporate Social Responsibility According to Sachs, Ruhli, and Mittnacht (2005) the probably best known economic paradigm that prepare the ground for further research on the concept of CSR is the Carroll Pyramid (Figure 1). FIGURE 1 Carroll (1991) suggests that there are four kind of social responsibilities that an organisation should take into account while conducting its activities and those responsibilities constitute total CSR. Those four social responsibilities of an organisation were presented into a four-layered pyramid model, called The Pyramid of Responsibilities. The four layers of responsibilities are economical, legal, ethical and philanthropic. The bottom layer and the foundation of the pyramid is the Economic Responsibilities. The business must be profitable in order to keep its shareholders satisfied, produce goods and services necessary to the consumers and be able to create new jobs and promote innovation. The second layer of responsibilities is the legal and is all about following the law. The businesses should not only be profit driven but at the same time they must respect the laws and regulations produced by government and it is expected that the businesses would keep their economic activities inside the framework of the law and pay by the rules of the game. The ethical responsibilities are related to fairness and morality. The peoples rights and beliefs must be respected, any kind of harm, physical or social, must be avoided and any harm caused by others must be prevented. The last layer is the philanthropic responsibilities which urge the businesses to be good corporate citizens. The businesses through their activities must contribute resources to the community and most importantly must be able to help to improvement of the quality of life. Carroll placed the four layers of responsibility in a pyramid in order to show the strong connection between the four kinds of responsibilities. If a kind of responsibility in the pyramid model is absent then the ones above cannot be achieved. Lantos (2001) characterises the Carrolls pyramid model of CSR as altruistic or humanitarian and argued that the firm will be good to use it as marketing too in order to promote its image. Following this view Lantos (2001) proposes a new model of responsibilities by reclassifying Carrolls pyramid from four to three layers. The first layer of Lantos model is the Ethical CSR and includes economic, legal and ethical responsibilities as one group. The second layer is the Altruistic CSR which is equal to Carrolls philanthropic layer and suggests that businesses must contribute to the community even if a part of the profits must be sacrificed. The last layer of Lantos model is the Strategic CSR where businesses are fulfilling their philanthropic responsibilities not only because of generosity but also because they expect financial returns from the positive publicity. 2.5 Business Ethics and Corporate Social Responsibility Business Ethics and Corporate Social Responsibility are two close related concepts but they are not identical. As it can be seen Business Ethics play a very important role in Carrolls Pyramid of responsibilities as Ethics Responsibilities are placed in the second highest layer. Both concepts refer to values, goals and decision making based on something more than just making a profit (Mullerat, 2010). In general terms the bottom line of ethics is individually doing the right thing while avoid evil and harmful actions for you and the others in your activities. On the other hand CSR is more about the obligations that an organisation must have over its stakeholders than just its shareholders. A socially responsible organisation must act ethically (Mullerat, 2010). Phatak, Bhagat and Kashlak (2005) define Business Ethics as the moral thinking and analysis by corporate decision-makers and other members regarding the motives and consequences of their decisions and actions. Furthermore, Ferrell and Fraedrich (1998) add that business ethics compromises moral principles and standards that guide behaviour in the world of business. The concept of Business Ethics is vital for every self-respected organisation and this is why many companies today develop codes of ethics and make commitments about their ethical behaviour to the public (Fisher, 2003). According to Seitel (2001), the organisations develop ethics codes in order to: Increase public confidence: Due to various scandals, mainly concerning corruption and briberies inside organisations, the publics trust for businesses has been declined. Thus, companies have decided to adopt the ethics code in order to improve their image. Stem the tight of regulation: Due to the declining trust and confidence of the public for businesses, the governments increased their legislations and regulations in order to reverse the situation. The companies adopted the ethics codes in order to show that they have ethical behaviour and can be trusted. Improve internal regulations: Due to the increase of the size of organisations and the development of multinational operations it is essential that some codes of conduct must be created in order to have the same behaviour standards among the employees. Business ethics depend on two main factors, culture and time (Svensson and Wood, 2003). The business environment culture is influenced by traditions, religion, ethical values and individuals and can be defined as what is accepted and what is unaccepted. The companys success can be affected if different opinions, that is to say different cultures, cannot be adopted satisfactory by the organisation. Additionally, what is accepted and what is unaccepted can be affected by the business time element. The business world is a fast changing environment and what is considered ethical today it can turn out to be unethical tomorrow. As it can be seen the success or the failure of a business is closely connected with ethics and that is why Business Ethics must be used as a corporate philosophy rather than a corporate code in every organisation. To conclude, Johnson et al. (2005) argue that the societys expectations, which have major influence on companies and organisations, are based on three levels of Business Ethics. The macro level is the first one and is related to the ethical posture of the company. Simply, the macro level is related to the extent in which the organisations are willing to do more than their legal requirements in order to satisfy their stakeholders. The second one is a part of the macro level and is the Corporate Social Responsibility level. This level is concerned the ability of organisations to surpass the minimum requirements needed in order to maintain the organisations ethical stance. The individual or managerial level is the last level of Business Ethics. This is a very important level since is connected with the behaviour and actions of individuals inside the organisation. 2.6 Drivers of Corporate Social Responsibility The current momentum behind Corporate Social Responsibility is being built based on a variety of very important factors. Ernst and Young (2002) mention that there are five key drivers which encourage the increasing business focus on CSR. These are: (1) greater stakeholder awareness of corporate ethical, social and environmental behaviour, (2) direct stakeholder pressures, (3) investor pressure, (4) peer pressure and (5) an increased sense of social responsibility (cited in Jones, Comfort and Hillier, 2006). Panwar et al. (2006), argue that there are diverse motivations that lead to the adoption of CSR by the organisations. For example a business is adopting CSR in order to meet mandatory legal requirements aimed at controlling destructive business practices while another business is using CSR in order to increase its productivity and improve its financial performance. It is also suggested that a company by using CSR in its practises can improve functional areas such as market positioning and risk management. According to Wood (1991), the concept of CSR is being driven by three major principles. Firstly, businesses are obliged to use their power responsibly since they are above all social institutions. Secondly, the responsibility for the outcomes of the involvement with the public is upon businesses. Lastly, discretion must be exercised in decision making processes by the individual managers who are also moral agents. Andriof and McIntosh (2001) believe that the driving force behind the concept of CSR is the consumers and employees. These two categories are holding the power in the market system nowadays. Consumers and employees are now well informed about the several challenges the world has to face and they do not really believe that the governments can change things. They accept that corporations are the most powerful social institutions of the present era and most importantly they are willing to reward those corporations who are responsive to their concerns. Finally, Girod and Bryane (2003) use a strategic marketing view arguing that CSR is a key tool to create, develop and sustain differentiated brand names. Furthermore, the Commission of the European Communities (2002) argues that the organisations in order to better respond to the fundamental changes in the overall business environment they adopted CSR and used it as an important element in new and emerging forms of governance. These changes include globalisation and the responsibilities companies feel the need to address, as they increasingly source products and services in developing countries; the issues of image and reputation, which have become increasingly important elements in corporate success; and the need for companies to recruit and retain highly skilled personnel (cited in Jones, et al., 2006). 2.7 Benefits of Corporate Social Responsibility Many organisations are using nowadays CSR as a marketing tool due to the fact that the implementation of CSR practices can bring to the organisation a wide range of potential benefits, both direct and indirect. The Department of Trade and Industry (DTI) has said that implementing a CSR policy, can bring real business benefits by reducing risk, by enhancing brand value, by opening doors and creating good will, and by improving staff efficiency and morale. It can also attract stable and ethical investment and add competitive edge (Chartered Institute of Building, Report) According to Mackey, Mackey Barney (2005) in the case that a company surpasses the minimum CSR requirements then the potential benefits can lead to a positive effect to the companys performance and value. Gildea (1994) and Zaman et al. (1991), stress out that research has shown that companies that care for the environment and exhibit good CSR practices experience increased consumer purchase preference in addition to increased investment appeal (cited in Panwar et al., 2006). Many consumers prefer to buy for ethical business. A survey conducted by Cone Inc. (2004) showed that 91% of the consumers have a more positive image of a product or a company when it supports a cause. The 90% of the consumers would consider switching to another companys product or services if they found out about a companys any unlawful or unethical practises. In addition, Muckiewicz (1993) supports that the reputation of an organisation plays a vital role as research studies show that 9 out of 10 consumers use it in order to decide which product or service they will buy from those that are similar in price and quality. According to Bernstein (2004), CSR benefits both the company and the community. Due to use of CSR the corporate culture and corporate name of the company can be improved significantly thus the best employees can be attracted and the motivation of the workforce will remain in high levels. The society benefits from CSR practices as well through a variety of services and action, though the company has to create some sort of societal benefit in order to be called socially responsible. Some of the potential benefits that a business can have from the use of CSR practices can include improved financial performance and profitability; reduced operating costs; long-term sustainability for companies and their employees; increased staff commitment and involvement; enhanced capacity to innovate; good relations with government and communities; better risk and crisis management; enhanced reputation and brand value; and the development of closer links with customers and greater awareness of their needs (cited in Jones et al., 2006) . Table 1 presents a summary of business benefits of CSR. TABLE 1 Concluding, it must be noted that the benefits from the adoption of CSR practises can never be predicted or be constant since each company operates in a different and always changing environment. Barnett (2007) adds that this unpredictability could lead to limited support for CSR initiatives from the board, in times of financial instability. Thus, the business case supporting CSR has to be specific for every company and based on Rowley and Berman (2000) CSR achievements of an organisation cannot be collated against some standards, since those does not exist. Furthermore, McWilliams and Siegel (2001) point out that the potential existence of those standards would allow CSR to be considered as part of the investment decisions, as the company would be able to make judgements for its business case in a more formal way. 2.8 Criticism against Corporate Social Responsibility The concept of CSR, as it can be seen from the various definitions presented on previous paragraphs, is based upon the principle that businesses do have another responsibility than just making profits. Every organisation has a responsibility towards the society, its people and the environment as well. At the same time, many are those who are opposed the idea of integrating CSR practices into their corporations and they believe that shareholders interest can be conflicted by operating a good business. Dr Milton Friedmann (1970), a renowned economist, in his article The Social Responsibility of Business is to Increase its Profits affirms that there is one and only one social responsibility of business is to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say engages in open and free competition without deception or fraud. According to his economic model the organisation is an economic institution which should only focus in the economic scope. Organisations are seen purely as legal entities incapable of value decisions. A manager who uses a firms resources for non-profit social purposes is thought to be diverting economic efficiency and levying an illegal tax on the organisation (Balabanis, Phillips and Lyall, 1998). Following this view Dr Robert Barrington (2008) states that the managers are concentrated on soft issues rather than hard issues of the bottom line and this is something that is costing money to the shareholders. Moving further Frankental (2001), conclude that CSR is simply a public relations invention and it will remain like this. He believes that CSR can only have real substance if it embraces all the stakeholders of a company, if it is reinforced by changes in company law relating to governance, if it is rewarded by financial markets, if its definition relates to the goals of social and ecological sustainability, if its implementation is benchmarked and audited, if it is open to public scrutiny, if the compliance mechanisms are in place, and if it is embedded across the organisation horizontally and vertically. Henderson (2001) after the examination of various issues related to the concept of CSR comments that à ¢Ã¢â€š ¬Ã‚ ¦the current widely-held doctrine of CSR is deeply flawed. It rests on a mistaken view of issues and events, and its general adoption by businesses would reduce welfare and undermine the market economy. In the same motion Moir (2001) suggests that those who adopt the neoclassical model of business would follow the view that the only social responsibilities that a corporation can have are to provide employment, pay taxes and mainly to maximise its profits; therefore, maximise its shareholders value. On the other extreme of the arguments above, Dave Packard, the co-founder of Hewlett Packard Company once said I think many people assume, wrongly, that a company exists simply to make money. While this is an important result of a companys existence, we have to go deeper and find the real reasons for our beingà ¢Ã¢â€š ¬Ã‚ ¦. We inevitably come to the conclusion that a group of people get together and exist as an institution that we call a company so that they are able to accomplish something collectively that they could not accomplish separately they make a contribution to society (cited in Handy, 2002). Concluding, Freeman (1984) argues that a corporation is wrong to be seen just as a private economic institution, as it was suggested by Friedman (1970), but it has to be also seen as a social institution. This way, corporations would be responsible for any of their actions against the people, the community and the environment. Based on his Stakeholder Theory, companies operations should not be based on the interests of their shareholders but they have to be based on the interested of their stakeholders. 2.9 Corporate Social Responsibility and Stakeholders The definition given about the concept of CSR from Johnson et al. (2005) includes the words obligations to stakeholders, which indicates that stakeholders have an important role to play in this extent. Freeman (1984), the father of the Stakeholder Theory of the firm, defines stakeholders as any group or individual who can affect or is affected by the achievement of the organizations objectives. The Stakeholder Theory of the firm is used as a basis to analyse those groups to whom the firm should be responsible (Moir, 2001). The identification of the different stakeholder groups of the organisation is extremely important during the implementation of CSR practices. Usually the stakeholder groups are separated into primary and secondary stakeholders. According to Clarkson (1995) a primary stakeholder group is one without whose continuing participation the corporation cannot survive as a going concern, while a secondary stakeholder group is those who influence or affect, or are influenced or affected by the corporation, but they are not engaged in transactions with the corporation and are not essential for its survival. Based on those definitions a primary stakeholder group contains shareholders and investors, employees, customers, suppliers, governments and communities. The secondary stakeholder group includes the media and a wide range of special interest groups (Clarkson, 1995). According to Freemans (1984) definition of stakeholders the relation between the company and its stakeholders can be described as two-way. Castka et al. (2006) support the view that the implementation of CSR is all about the right choices and strategic decisions and comment that the dilemmas that an organisations stakeholders can have are which choices and decision must choose in order to satisfy. Berman, Wicks, Kotha and Jones (1999), in order to find a solution for those dilemmas, derived two distinct stakeholder management approaches; the instrumental and the normative approach. The first, instrumental approach, suggests that concern for stakeholders is motivated by the perception that financial performance can be improved. The second, intrinsic stakeholder commitment approach, assumes that organisations have a normative (moral) commitment to advance stakeholders interests (Castka et al. 2006). The instrumental approach was the one empirically supported in Berman et al. (1999) res earch while Harrison and Freeman (1999) mention that the conduction of more research is essential in order to clarify the model of the normative approach. Although further research is required it can be clearly anticipated, through the examination of various literature, that the instrumental approach is the most desirable among researchers. McWilliams and Siegel (2001) suggest that corporations need to carefully consider in which aspects of the CSR to invest in and they comment that by using cost-benefit analysis the managers can ideally determine the level of CSR. Additionally, Agle, Mitchell and Sonnenfeld (1999) argue that the decision to make a CSR investment is driven by the needs of the most powerful stakeholders within the organisation, such as top management staff and is usually connected with their desire to gain more profits and increase the shareholders value. Finally Castka et al (2004) believe that the purpose of CSR is an investment and it must be considered and treated like one. Moving further they suggest that the balance between the need for maximizing profit from CSR and the demand for CSR from multiple stakeholders is the key to a core return on investment in CSR (Figure 2). In order to achieve this balance stakeholders expectations should be assessed and examined through dialogues and must be translated and included into the companys strategy plan. FIGURE 2 2.10 Areas of Corporate Social Responsibility Andriof and McIntosh (2001) write that CSR is not chequebook philanthropy, nor a study based on business ethics. They argue that the concept of CSR can be described as a vision that corporate leaders have for their business which is beyond of just making profits. CSR has an impact on every activity of the company and can affect areas either inside or outside the company. According to Andriof and McIntosh (2001) the four distinct areas that CSR encompasses are: The Community The Environment The Marketplace The Workplace By operating within these four areas companies can conduct specific programmes and make the difference and can actively monitor, evaluate and change their effects of their activities. The implementation of CSR and the thinking behind becoming involved in these areas represents the new way of doing business. 2.11 Activities of Corporate Social Responsibility The concept of CSR can be divided into many and diverse domains. Sen and Bhattacharya (2001) provide six broad domains of CSR activities, based on a comprehensive summarisation of CSR domains contained in Socrates: The Corporate Social Ratings Monitor (Kinder, Lydenberg, Domini Co. Inc. 1999), a database that describes and rates more than 600 companies in terms of their CSR records. These domains of CSR activities are: Community Support: The company provides support to the community with the use of health and educational and housing programs for financially disadvantaged. The generous and innovative giving is promoted Diversity: The company provides initiatives for sex, race, family, sexual orientation and disability diversity Employee Support: The company promotes health and safety, ensures job security and profit sharing, develops relations with the labour unions and allows employees involvement. Environment: The company avoids the use of hazardous waste management techniques, uses and produces environmental friendly products, develops pollution control and recycling techniques. Non-domestic Operations: The company prevents operations in countries where human right violations occur or unhealthy labour practices take place. Product: The company produces safe product and promotes research and development and innovation. Following the same line Johnson et al (2005) present a checklist of the organisations responsibilities. Those responsibilities are divided into two categories, the internal and the external aspects of CSR, based on the areas that the organisations activities can affect. Internal aspects of the companys activities can include employee welfare, working conditions, job design and intellectual property. External aspects of activities can include environmental issues, products, markets and marketing, suppliers, employment, community activity and human rights. 2.12 Factors influencing Corporate Social Responsibility

My Antonia :: essays research papers

Book 3, "Lena Lingard," is set in Lincoln, Nebraska where Jim studies under the instruction of an admired scholar Gaston Cleric. Lena Lingard moves to Lincoln to set up a tailoring business and visits Jim. They start seeing each other regularly, going to the theater, and spending Sunday mornings together. He enjoys her company much more than that of the women of his own class who are so interested in socializing that they seem to have no life in them. Lena’s shop is very successful. She tells Jim she plans never to marry, having seen enough of marriages to know that it is not for her. She wants to be able to determine her own choices in life. Her plan is to make enough money to set her mother and younger siblings up in a comfortable house. From Lena, Jim hears about Antonia’s boyfriend, Larry Donovan, a railroad conductor who puts on airs above his status. No one likes Larry, but Antonia will not hear anything bad said of him. One day, Gaston Cleric comes to see Jim and tells him he will be teaching at Harvard. He invites Jim to come with him. Jim reluctantly says good-bye to Lena and then goes home for a visit before leaving. Book 4, "The Pioneer Woman’s Story," takes place two years later when Jim has finished his college courses and comes home to visit before continuing on to law school. Antonia is now twenty-four years old and has had a baby outside of marriage. Jim is disgusted with her and doesn’t plan to go see her where she is living with her family again. However, one day he is in the photography shop and sees a large picture of Antonia’s baby. The photographer says she is extremely proud of her baby. Jim decides to go out and talk to the Widow Steavens, a woman who has been renting his grandparents’ farm and who helped Antonia throughout the preparations for her wedding and who helped her after her child was born. Mrs. Steavens tells him that Antonia and Larry Donovan got engaged and Antonia set to work on her linens and her trousseau. She came to Mrs. Steavens’ house every day to sew. Larry Donovan was in Denver working. He took a long time to send for her and when he did he said they would be living in Denver instead of Black Hawk.

Alcoholism In The 21st Century Essay -- essays research papers fc

Alcoholism in the 21st Century   Ã‚  Ã‚  Ã‚  Ã‚  The dictionary describes alcoholism as continued excessive or compulsive use of alcoholic drinks. However, this disease is much more complex. Alcohol abuse is a growing problem in the United States today, causing more and more deaths each year. It affects nearly everyone in the U.S. today, either directly or indirectly. Over half of Americans have at least one close relative that has a drinking problem. About 20 million people in the United States abuse alcohol. It is the third leading cause of preventable deaths, and about 100,000 people die each year from alcohol related incidents (Peacock 11).   Ã‚  Ã‚  Ã‚  Ã‚  Alcohol is not a new invention of modern societies. It has been around through many different ancient cultures, wine being the most prominent substance. Some cultures viewed alcohol consumption as good, while others perceived it good only in moderation. For example, the Greek god Bacchus was known for his excessive drinking while the Roman god Dionysus was known for teaching moderation in drinking (Peacock 20-21).   Ã‚  Ã‚  Ã‚  Ã‚  Alcoholism was also learned to have existed in history. Interpreted writings on the tomb of an Egyptian king who lived over 5,000 years ago read, â€Å"His earthly abode was rent and shattered by wine and beer. And the spirit escaped before it was called for.† This shows that he died from alcohol related causes. However, most cultures began to limit alcohol use when they learned how to efficiently produce the beverage. Babylonian king Hammurabi and Chinese emperor Chung K’iang executed violators of their laws concerning alcohol (Peacock 20). Even in the Bible, refrain from alcohol is stressed. â€Å"†¦Nor drunkards†¦ will inherit the kingdom of God† (Alcohol and the Bible). The United States was not immune to strict laws opposing alcohol. In 1919, the 18th Amendment was passed, limiting alcohol use. This period lasted for 14 years and became known as the Prohibition (Peacock 28).   Ã‚  Ã‚  Ã‚  Ã‚  Ancient and modern literatures show that alcohol has been around longer than most people think. For example, in the ancient epic of Giglamesh, written 4,000 years ago, one character was the goddess of wine and brewing, Siduri (World literature 136, 139). The Chinese poet Tu Fu wrote about celebrating an old friend’s retirement with wine in his... ...rch on causes and treatment has increased substantially. There are many new and traditional treatment methods being tested to treat alcoholism. Looking toward the future, there is hope for a successful treatment of alcoholism, and prevention in generations to come. Works Cited Alcohol and the Bible: New Expanded Version. 29 April 2001.   Ã‚  Ã‚  Ã‚  Ã‚  . Botsford, Christy. National Children of Alcoholics Week. 29   Ã‚  Ã‚  Ã‚  Ã‚  April 2001. Clinton Signs Bill to Lower Drunken Driving Standards. Dallas Morning News. SIRS. 23   Ã‚  Ã‚  Ã‚  Ã‚  October 2000. Peacock, Nancy. Drowning our Sorrows, Psychological Effects of   Ã‚  Ã‚  Ã‚  Ã‚  Alcohol Abuse. Philadelphia: Chelsea House Publishers, 2001. Selected Poetry of Edgar Allen Poe (1809-1849). 29 April 2001.   Ã‚  Ã‚  Ã‚  Ã‚   Williams, Steven. â€Å"America’s Drinking Problem.† Teen People. March 2000: 100-105. World Literature Third Edition. United States: Holt, Rinehart, and Winston, 2001.

Greek Philosopher Plato

Plato is one of the popular and widely read philosophers in the world. His thoughts have greatly influenced the western political mindset and discourse. Born in Athens around 427 BCE Plato accomplished a lot by writing a different treatise that shaped the world's political thoughts before his death around 347 BCE. He was a student to a great philosopher, Socrates and a teacher to a famous philosopher scholar Aristotle, who also taught Alexander the great. He was greatly influenced by his teacher, Socrates who always remains the profound character in his works. In other words, his thoughts are greatly influenced by Socrates while on the other hand, he also influences Aristotle. His thoughts are significant historically and intellectually in the western political and social infrastructure.One of the popular works of Plato is the Republic. It is popularly known as the Socratic dialogue, which Plato sought to address the issues of justice. Plato was more infuriated with the way Socrates was treated before the authority. On the same pedestal, Plato is concerned about justice and the city-state. His main investigation is whether the just man is happier than the unjust in Athens. In his argument, Plato proposes a state of the philosopher kings. He asks the society to promote education among young boys and girls so that leading them becomes easier. In other words, Plato only trusts educated leaders. He is very uncomfortable with uneducated leaders since they would not be in a position to handle the intricacies of leadership. He identifies different sets of â€Å"constitutions that promote injustice in the society, which include democracy, oligarchy, timocracy, and tyranny.† Among the four, Socrates through Plato argues that tyranny is the worst regime. Tyrants are harsher and know no language of diplomacy, but rely on wrath to instill fear in order to rule. His classical thoughts until influences political decisions in the contemporary society, not only in the west but in other parts of the world as well.From the Republic, readers are exposed to some of the social injustices fuelled by poor leadership. Plato makes it apparent that justice has been frequently used as an instrument to lure people to follow certain leaders while on the other hand, they are duped and manipulated. He relates justice as it is communicated to the person led to a bull that is well fed, not for its welfare, but for the benefit of the owner. It is blinded to believe that the good care is meant to take care of its welfare. However, the truth of the matter is that the owner gives it good feeding in readiness for slaughter. The owner wants it to be fat so that it can produce a greater amount of meat. From this standpoint, it means that the feeding is nothing meant to benefit the bull, but for the grander interest of the owner who intends to slaughter it. The same way, when people believe in justice as pronounced by their leaders, they sell themselves cheap for manipulation and tyranny. Plato is against justice that accused and executed Socrates falsely. Through his thoughts, the world has been on the lookout to shun bad leadership and dictators of history. Therefore, his arguments have been promoted in different spheres of life to promote virtue and ethics among the people living together.

Succubus Dreams CHAPTER 6

I hadn't realized how late it was until I showed up at Seth's around two. He actually wasn't writing for a change, and I found him sprawled on the couch, flipping through late night television programming. â€Å"Hey,† I said, dropping my coat and purse near the door. He glanced up from the TV. Its light cast ghostly shadows on his face in the darkness. â€Å"Sorry it's so late. Something came up.† â€Å"Yeah,† he said, voice still flat. â€Å"I can tell.† Immediately, I caught his meaning. It was a sign of how well he'd come to know me and recognize subtle succubus signals. I was wreathed in Jude's life energy. Immortals would actually perceive it as a literal glow. Mortals couldn't see it, but they could sense something insanely alluring and attractive about me. Usually, they just wrote it off as a sign of my beauty. Seth knew better. When he sensed it around me, he knew what I'd been doing. I hated for him to see me like this, but it was inevitable. â€Å"Sorry. It's what I do. You know that.† â€Å"Yeah,† he agreed, sounding tired – mentally tired, not physically tired. He straightened up. â€Å"But did you have to do it tonight? You trying to punish me for standing you up?† I sat down in the armchair across from him. The energy from Jude burned through me and made me feel alive. I didn't want a fight with Seth to ruin my good mood, particularly after I'd been so annoyed for most of the evening. â€Å"I did it to survive. I wasn't trying to get back at you.† He sighed and stared off into a dark corner. â€Å"It's so hard sometimes.† I moved over to the couch, scooting up beside him. â€Å"I know.† He slid his arm around my shoulders and regarded me with a look both tender and exasperated. Leaning down, he brushed his lips against my neck. The small touch made my blood burn. â€Å"God, you're beautiful. I just wish it wasn't the result of some other guy.† â€Å"Yeah,† I said. â€Å"Me too.† â€Å"Sorry I blew up.† â€Å"You call that blowing up?† I asked. â€Å"That was nothing.† â€Å"And I'm sorry I stood you up. That wasn't right.† Seth had moved up my neck and now nibbled my ear. I closed my eyes and tilted my head back. â€Å"It's okay,† I assured him. â€Å"Really.† â€Å"You're awfully forgiving.† â€Å"Hey, what can I say? Christmas love and kindness, right?† He laughed and ran his fingers through my hair. â€Å"For someone allegedly so evil, you sure are good.† â€Å"Well,† I said, pressing into him. â€Å"I'm not that good. I'm thinking some very bad thoughts right now.† â€Å"Yeah. Me too. If our thoughts condemn us, I think I'm headed straight for Hell.† â€Å"No, you aren't. Hugh says your soul's like a supernova. You're going straight to the pearly gates.† Warm love and desire enfolded us, supplanting the cold tension. Yet as we curled up and chatted about light topics, I couldn't help but morosely think this was a common scene between us. Fight. Brood. Apologize. Snuggle. In all the fantasies of a stable relationship that I'd harbored over the last millennium, this pattern had never been a part of them. After a while, we sort of surpassed snuggling and moved onto something of a more adult nature. At least I did. Sometimes Seth could be coaxed into sating his lust, though it always made him incredibly self-conscious. Me, I loved watching him come. He was always so damnably blas? ¦ that seeing him lose control in an orgasm almost did more for me than my own climax. He apparently had the same feelings toward me and was content to simply watch me touch myself tonight. After not getting off with Jude, I was more than happy to take things into my own hands. When I finished, languid and content afterward, he lay down on the couch beside me, lacing his fingers with mine. â€Å"I don't think I'll ever get tired of that,† he sighed. â€Å"You should finish yourself off.† â€Å"I'm okay.† â€Å"You sure?† He smiled. â€Å"Self-control, Thetis. Self-control. Besides, I have a good imagination. Sometimes it's enough to pretend I'm the one doing that to you.† I shivered as an image of Seth played in my mind, his body inside of me while I came, muscles clenching around him as I cried out his name and dug my nails into his back. â€Å"Jesus,† I said softly, closing my eyes. â€Å"Yeah.† We realized then that it was really late and started getting ready for bed. When I emerged from the bathroom after brushing my teeth, I found him waiting for me in the bedroom with a small box. He handed it over. â€Å"I told you I had an early present.† I turned the package over in my hands, running my fingertips over the edges. It had been wrapped in gold paper and had a red bow. Judging from the sloppy wrapping and misaligned ribbon, I was willing to bet he'd wrapped it himself. I offered up a small grin. â€Å"It's way too early. Presents before Christmas? That's not right. I mean, I'm not that evil.† He sat back on the bed, leaning against the headboard, looking supremely pleased with himself. â€Å"Well, I am. I guess my soul just dimmed a little. Open it.† Sitting down as well, I hesitantly tore the paper. There was no question in my mind that this was a jewelry box. The question was: What kind? Seth occasionally showed a romantic spirit, but he wasn't the type to do anything crazy like propose. At least I didn't think so. Hoping for a tennis bracelet, I instead found a ring. But it wasn't an engagement ring, not in the current way of thinking. It was one of the modern recreations of the Byzantine rings. Only this wasn't one of the ones we'd seen at Erik's, not exactly. It was platinum for one thing, glowing soft and silvery in the dim lighting. The smooth disc on top had a dolphin engraved in it, decorated with a few tiny, embedded sapphires. I stared at it, unsure what to say. â€Å"Do you like it?† Seth asked, a hint of nervousness in his voice. â€Å"I†¦yeah. Yes, I do. Very much.† My words came out haltingly. â€Å"You seemed so sad about losing the other one that I thought maybe this would be a nice substitute.† He looked so rapt and excited that I couldn't bear to tell him that not only had I not lost the original ring, I'd actually hidden it away in the closet so as never to see it again. This one was very different, true, but the similarities were strong enough to dredge up all the dark feelings I tried to keep buried, memories of a sunny day long ago when my husband – the husband I'd eventually betrayed – had slipped the other one onto my finger at our wedding. â€Å"It's beautiful,† I said after a long stretch of silence, needing to reassure him. It had been very kind, after all. Seth didn't know my history or the pain intertwined with it. â€Å"Why a dolphin?† â€Å"Yeah†¦it's kind of cutesy and trendy, but†¦well, none of those Greek letters meant much to me. But I read something about dolphins being important in old religions on Cyprus, so†¦Ã¢â‚¬  That brought a true smile to my face. â€Å"Yeah. They were. Messengers from the sea gods. Good fortune and all that.† Something occurred to me. â€Å"We saw these at Erik's, like, a couple days ago – but not this one. How'd you get it? Did he have more in stock? Or did you go somewhere else?† His eyes crinkled with amusement. â€Å"Hey, I'm learning your powers of persuasion. I got in contact with the artist and commissioned it.† Good lord. Seth had had a custom ring – a platinum custom ring – made right before Christmas. And he'd had it done in a matter of days. The cost must have been through the roof. The queasy feeling in my stomach intensified. Observing my silence, his smile faltered. â€Å"You sure you like it?† â€Å"Yeah, yeah†¦of course. I just†¦I'm sorry, I don't know what to say. It's great.† I slipped it onto my right ring finger. It fit perfectly. Hesitantly, I met his eyes. â€Å"This is a, uh, friendship ring right?† â€Å"Yeah, don't worry. If I propose, you'll know it. For one thing, I'll be hyperventilating.† A sly smile – surprisingly sexy – turned up his lips. â€Å"And it'll be a ruby.† â€Å"Rubies? No diamonds? Too expensive for the old writer's salary, huh?† He made a disparaging grunt at that. â€Å"No, I just think diamonds are common, that's all. If I get married, it'll be because something uncommon is occurring. Besides, you wear a lot of red, right? I know how important it is for your accessories to match.† I snorted at that and let him draw me into the bed. He fell asleep quickly, as always, but I lay there, touching the ring. Its metal had warmed to my skin, and I could trace the dolphin and sapphires with my fingertip. The unpleasant memories the ring stirred up hadn't abated, but somehow, lying in his embrace, they seemed a little less painful. Sleep finally came to me, and I immediately started dreaming – the dream. I was back in the kitchen, surrounded by all the same vivid sights, smells, and sounds as before. My hands in the water. The scent of orange soap. â€Å"Sweet Home Alabama.† It was a repeat of what I'd seen before, my dream-self washing dishes and humming along to the music. She glanced behind her into the other room. This was where the dream had ended last time. Now it kept going. A little girl sat in the living room, about two years old. She was on a blanket on the floor, surrounded by stuffed animals and other toys. She clutched a plush giraffe in her hands. It rattled when she shook it. As though sensing my dream-self's gaze, the little girl looked up. She had plump cheeks that hadn't quite lost their baby fat. Wispy, light brown curls covered her head, and her hazel eyes were large and framed with dark lashes. She was adorable. Behind her on the couch, Aubrey lay curled up in a tight little ball. Another cat – covered in orange-and-brown patches – sprawled nearby. I'd never seen it before. A delighted smile spread over the little girl's face, creating a dimple in one check. A powerful wave of love and joy spread through my dream-self, emotions that my watching self felt. I knew then – knew in a way I couldn't explain but knew with absolute certainty – that this girl was my daughter. I woke up. Just like last time, morning had arrived with almost no passage of time for me. Sunlight again poured through the windows, and beside me, Seth still slept. Also like last time, my energy was gone. I was drained. But the ache of that missing energy was nothing compared to the ache I felt from being ripped out of the dream, of being stripped of the powerful emotions my dream-self had felt for that little girl. Her daughter. My daughter. No, that was impossible, I scolded myself. Succubi could have no children. I'd left that path behind when I sold my soul. It had felt so real, though. So intense. It was impossible for me to have a child, but in that dream, she had been mine. No doubts. Even now, I felt that maternal tug, and not having her here right now tore at my heart. And again, I told myself that was stupid. Dreams weren't real. That's why they were†¦well, dreams. And I had bigger problems to deal with. Like the missing energy. Beside me, Seth stirred and unconsciously pulled the covers around him, leaving me uncovered. I yanked them back, and he turned toward me, opening sleepy eyes. â€Å"Hey,† he said. â€Å"What gives?† â€Å"Not you, apparently.† â€Å"Not you either, apparently.† â€Å"Hey, I'm the evil one, remember?† We bantered a bit more and continued playing tug-of-war with the covers. I put on a smiling face so I wouldn't have to explain my problems to him. Finally, I slipped away, though part of me wished I could stay in bed for the rest of the day. Dreaming. But Seth had writing to do, and I had an afternoon shift to work. Back home, I found Vincent up and around, making breakfast in the kitchen with Yasmine. They greeted me boisterously, giggling over some conversation that had occurred before my entrance. â€Å"You want some eggs?† he asked me, catching a stick of butter tossed over by Yasmine. Presumably they'd gone grocery shopping since I hadn't had any butter in my kitchen before this. Or any food, really. â€Å"No thanks,† I said, settling myself on a stool. â€Å"I already ate.† â€Å"You're missing out,† she said. â€Å"Vincent makes eggs that are so decadent, they're totally sending him straight to Hell.† Setting a skillet on the stove, he turned on the burner, listening to the clicking sound made while the gas took a moment to ignite. â€Å"Oh, it's the eggs that are going to do it, huh? Last time you told me it was going to be my parking.† The angel's eyes sparkled with mischief. She'd pulled her sleek black hair up into a ponytail, making her look very young. Ironic, considering her age was beyond human or succubus comprehension. â€Å"Oh, geez. Yeah. I forgot about that. Huh. Now there's a toss-up. I'm not sure which is going to send you down below faster. Needing a stick of butter to cook two eggs or parallel parking three feet from the curb.† He jabbed her arm with a wooden spoon. â€Å"Three feet? You know, I've never even seen you drive a car. The only thing you drive is me – crazy.† â€Å"Oh yeah, whatever. You were crazy before I ever came along.† Glancing back and forth between them as they bickered further, I realized they'd forgotten my presence. Feeling intrusive, I discretely backed away, down the hall and to my bedroom. Closing the door, I glanced in astonishment at Aubrey. She sprawled on my bed, warmed by a patch of sunshine. â€Å"Has that been going on all morning, Aub?† Yawning, she blinked at me with green eyes and then curled into a perfect white ball – similar to the position I'd seen her in in the dream. She covered her face with one paw. Um, okay. This was unexpected. I mean, was I crazy? Or had they†¦had Yasmine and Vincent been flirting? I mean, sure she was a friendly angel and everything, but that†¦yes, the more I thought about it, the more I believed they had been flirting. More than flirting. Weirder still, it hadn't been the kind of banter two people toss back and forth during the courtship phase either. It was the familiar teasing of two people who had been together for a long time, two people so utterly comfortable in each other's presence that they could almost finish each other's sentences. It was like the phenomenon Erik had described with Seth and me. â€Å"They're in love,† I told Aubrey disbelievingly. She continued to ignore me. How did that even work? They couldn't be sleeping together. I'd learned a while back that doing that would make an angel fall, and Yasmine was still clearly on the side of truth and justice. So what did that mean? Was it okay if an angel loved a human so long as they stayed physically apart? Something inside of me didn't think so. After seeing how prudish Joel had been, I felt pretty confident even a chaste love affair wouldn't fly with him or the others. So none of them probably knew, not even Carter. And honestly, I didn't know if I wanted to know. I was a sucker for star-crossed lovers, but those relationships never actually ended well. Grabbing some clothes and heading for the shower, I realized I might be witnessing a romance even more fucked up than my own. Who'd have thought that could happen? I guessed with angels, miracles really were possible. I finished showering and drying my hair, still pondering the puzzle of this love affair. I headed back out to the living room, wondering if I'd find more flirtatious behavior. Instead, what I found was a familiar and unwelcome immortal signature. Slimy and musky. Niphon was sitting on my couch.