Fair Winds Ahead

In: Business and Management

Submitted By gpjames
Words 2436
Pages 10
Barron's Cover | SATURDAY, OCTOBER 6, 2012
Fair Winds Ahead

Superior performance has helped Neuberger Berman survive and thrive since the Lehman Brothers bankruptcy. Neuberger Berman was knocked around more than most asset managers in the treacherous seas of the 2008 financial crisis. The 73-year-old firm had only recently been lashed to Lehman Brothers when the investment bank foundered and ultimately failed. Buyout firms proposed a lifeline, but they fell short as the financial crisis deepened, leaving Neuberger's leaders to improvise an employee buyout during the most punishing financing environment in memory.
Yet, four years later, Neuberger is freshly invigorated and focused on the essentials in the way disaster survivors tend to be. Its business is in sturdy condition, its fund performance is outpacing most peers and its strong investment culture has been affirmed.
If the new Neuberger is in some ways "a $200 billion start-up," as one executive characterizes it, it is also one of the country's premier and most deeply rooted asset managers. Roy Neuberger, a founding partner and guiding force of the firm, died just two years ago, at the age of 107. Until he was nearly 100, he came into the office every day.
For all the drama Neuberger has undergone in the past 15 years -- going public in 1999 after 60 years as a partnership, being absorbed by Lehman in 2003 and then set adrift five years later -- Neuberger is in some ways now much closer to the firm that Roy Neuberger ran than it has been in years, with its focus squarely on its client base, and not on the demands of a parent company or public shareholders.
"Our mission is totally different as part of an employee-controlled partnership," than it was as a subsidiary of a bulge-bracket investment bank, says Neuberger Chief Executive George Walker. The 43-year-old…...

Similar Documents

Wind Tunnel - Replica of the Wright Brothers' Wind Tunnel.

...Wind tunnel A wind tunnel is a tool used in aerodynamic research to study the effects of air moving past solid objects. A wind tunnel consists of a closed tubular passage with the object under test mounted in the middle. A powerful fan system moves air past the object; the fan must have straightening vanes to smooth the airflow. The test object is instrumented with a sensitive balance to measure the forces generated by airflow; or, the airflow may have smoke or other substances injected to make the flow lines around the object visible. Full-scale aircraft or vehicles are sometimes tested in large wind tunnels, but these facilities are expensive to operate and some of their functions have been taken over by computer modelling. In addition to vehicles, wind tunnels are used to study the airflow around large structures such as bridges or office buildings. The earliest enclosed wind tunnels were invented in 1871; large wind tunnels were built during the Second World War. Contents • 1 Theory of operation • 2 Measurement of aerodynamic forces • 3 History o 3.1 Origins o 3.2 World War Two o 3.3 Post World War Two • 4 How it works o 4.1 Pressure measurements o 4.2 Force and moment measurements • 5 Flow visualization o 5.1 Qualitative methods • 6 Classification o 6.1 Aeronautical wind tunnels  6.1.1 High Reynolds number tunnels  6.1.2 V/STOL tunnels  6.1.3 Spin tunnels o 6.2 Automobile tunnels o 6.3 Aeroacoustic tunnels • 7 List of wind tunnels o 7.1......

Words: 3936 - Pages: 16

The Way Ahead

...The Way Ahead The immense lack of strategic vision is the biggest problem that needs to be addressed within the counterintelligence field. Jennifer E. Simms and Burton Gerber emphasize three root causes that contribute to the weaknesses in the counterintelligence process in their article, The Way Ahead. Technological change, political culture and confused purposes are among the three contributors discussed in the article. United States counterintelligence can be used to its maximum potential only if these three issues can be controlled and improved upon. As new technologies are introduced, new frustrations and complications for counterintelligence agencies arise. New detection technology forces agencies to adapt to an evolving technological world, causing countless problems. These new technologies however, need to be implemented between intelligence agencies and private industries. When properly collaborated remarkable things can take place; an example of this can be seen in the Circuit City store in New Jersey. The police were notified after an employee had been asked to make copies of an incendiary video. The FBI prevented an attack at Fort Dix due to the information passed down by the police officers. Many civilians have the capability to hack into computer networks and patrol the internet. Atlantic Monthly reported that these individuals use both deception strategies and technical counterintelligence to catch con artists on the web. These hackers need to be aware......

Words: 1024 - Pages: 5


...When Mary Jones was first hired she was eager and she had the correct mind sent to do well in her new Job. Her mind-set and drive to perform well, is what led to her 10% raise. However, after her encounter with Sue and hearing about Sue being hired for $5,000 more than Mary was. Mary’s perception of fairness at her workplace has been changed for the worse. After all they both attended the same college and had a similar academic performance in that college. Sue indirectly has become one of Mary’s referent others, everyone seeks a fair balance between what we put into our job and what we get out of it. At this stage Mary’s sense of equity is low and people respond to a feeling of inequity in different ways. Mary’s current response may be to go and confront her boss in the heat of the moment, which would have multiple negative repercussions, if she were to do so. Given the fact that Mary is intelligent, I do not see this being her course of action. Most likely she well keep it to herself or confide in friends and or coworkers that she trusts. However, as a result of this new found information Mary’s howl attitude and work ethic towards her job will most likely change for the worse. In the long term Mary will harbor a resentment for Tom her manager and indirectly for Sue. Most people in a similar situation would reduce effort and application and become inwardly disgruntled, or outwardly difficult, or even disruptive. Other people might seek to improve their...

Words: 307 - Pages: 2

Wind Power

...Appendix 5.1 Wind power plants with a power output range of 1.5 kW to 25 kW Technical regulation for grid connection TF 3.2.5 Appendix 5.1 Table of contents 1. Terminology and definitions 4 2. Commissioning requirements 5 3. Verification of tolerance of frequency and voltage deviations 6 4. Verification of electricity quality requirements 9 5. Verification of control and monitoring requirements 10 6. Verification of protection requirements 14 7. Verification of data communication requirements 15 To the reader This commissioning report template contains guidelines for implementing a commissioning test to verify that a wind power plant complies with the technical, functional and documentation requirements which wind power plants with a rated output over 1.5 MW and up to 25 MW must comply with when they are connected to the Danish power grid. The report template is published by Energinet.dk and can be downloaded from www.energinet.dk. 1. Terminology and definitions The terminology and definitions used must be specified in this chapter. 2. Commissioning requirements 2.1 Introduction In the following a brief introduction must be given to the commissioning test. The scope of testing (technical tasks and time required) must also be described. Technically, the following must be verified: - Tolerance of frequency and voltage deviations - Electricity quality - Control and monitoring - Protection - Data communication and......

Words: 2259 - Pages: 10

Rough Waters Ahead

...Case 12-9 Rough Waters Ahead Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. (Nonrecourse debt is a loan that is secured by a pledge of collateral, in this case the cruise ship, but for which the borrower is not personally liable. If the borrower defaults, the lender can seize the collateral, but the lender’s recovery is limited to the collateral.) The cruise ship has its own identifiable cash flows that are largely independent of the cash flows of other asset groups. Because of an increased presence of pirates in the area in which Smooth Sailing cruises, the cruise ship’s operating performance has significantly declined, which has directly contributed to a decline in its overall fair value. In the current year (2010), Smooth Sailing’s annual operating cash flows have declined by 30 percent to $1.0 million, and its annual operating cash flows are expected to continue to decline in the near term. Because of this decline in the cruise ship’s fair value and operating performance, Smooth Sailings’ management is evaluating the following possible options for proceeding into 2011 and beyond: Option A Continue operating the cruise ship in the current area. Operate the cruise ship in a new area where there are no pirates. For 2011, operate the cruise ship in the current area despite the increased presence of pirates. On December 31, 2011, turn the cruise ship back to the lender (e.g.,......

Words: 588 - Pages: 3

Wind Energy

...the wind resource Q1 - Weather and climate [8 marks] a In less than 100 words, explain the difference between how climate and weather influence thewind regime of a given location.[4 marks] Climate is the long-term description of variations of temperature and wind while weather is the short-term description. Climate is classified as the average and typical range of different variables, while weather is the state of atmosphere for day to day. Climate is what you expect, weather is what your get. A designer use climate data to design the capacity of wind farm, actually weather determines the actual power output in a given period. b Consider Fig. 1. This figure is produced by taking a long timeseries of wind speed data fora given location and analysing it to determine what timescales (or frequencies) areassociatedwith the most prominent variations in wind speed. The x-axis measures period (or frequency)and the y-axis measures \Spectral Density", which in this context just means how prominenta given timescale/frequency is in producing variations in wind speed. In 100 words or less explain the shape of the graph. In 50 words or less, explain theimplicationsfor a wind farm operator.[4 marks] The spectrum – frequency diagram measures the variations of wind speed. The peak of the wave indicates a significant change in wind speed over the corresponding time period. The four peaks mean: seasonal wind speed change in a year, wind speed change in few days (4), day and night wind......

Words: 3839 - Pages: 16

Wind Mobile

...Wireless!Communication!Industry!in!Canada! Meizhang!Xing!(1000583889)! ! Executive!Summary! Hello!Mr.!Liu,! I!am!honered!that!you!trust!my!ability!enough!to!give!me!this!opportunity.!After!my!detailed!research!and!analysis,!I!do!feel!that!it!is! indeed!worthwhile!to!learn!about!the!wireless!communication!industry!as!well!as!WIND!Mobile.!I!will!presnet!you!with!my!findings! from!the!following!three!aspects!:!! 1. 2. 3. Current!industry!environment!:!rapid!growth!;!oligopolistic!structure! Wireless!communication!industry’s!strong!profit!generation!ability!:!revenue!growth!;!EBITDA!margin!growth! WIND!Mobile’s!development!and!potentiality:!stable!corporate!structure;!competitiveness! ! ! In!my!opinion,!the!above!three!question!needs!to!be!answered!to!make!an!informed!decision!about!the!investment.!I!do!hope!my! research!can!help!you!convince!your!partners!to!investigate!in!the!Canadian!wireless!industry!and!WIND,!and!eventually!decide!on! whether!or!not!to!invest!in!WIND.! 1.!Current!Industry!Enviroment! a.!Rapid!development:!! !! ! ! ! Cell!phone!penetraeon:! In!2013,!83%!of!Canadian! households!had!an!aceve!cell!phone,! up!from!78%!in!2010.! In!2013,!21%!of!households!reported! using!a!cell!phone!exclusively,!up! from!13%!in!2010.! Data!traffic:!! Mobile!data!traffic!will!grow!900%! from!2013!to!2018,!a!compounded! annumal!growth!rate!of!54%.! Employment:!! Telecommunicaeon!field! employment!would!grow!from! 64,100!people!today!to!110,000!by!......

Words: 1602 - Pages: 7

Wind Tunnel

...~~~Concept of Wind-tunnel~~~ Wind tunnels date back to the 1870’s. Scientists realized it didn’t matter if an object was stationary and air was blown was over the object or if the object was moving through the air. The resultant forces over the object would be the same. The idea of blowing air over an object and determining the forces lead to the invention of wind tunnel. As the name suggests, a wind-tunnel is a cylindrical tunnel in which air is blown from one side by a huge fan at high speeds. The middle part of the tunnel is called as throat. It is the place where the test model is placed. Various sensors are attached to the test model and the data is collected in the room near it. The data collected issued to reduce the aerodynamic drag and minimize fuel consumption and also increase the speed of the cars, trucks, planes, etc. also aerodynamic properties like lift, drag, forces, moments are measured with the use of wind-tunnel. In wind-tunnel air is blown over the test model which is kept stationary at the throat. This will produce the same effect as it would be produced if the vehicle is moving at high speeds on a road. For more accurate results the tunnel is sometimes equipped with rolling road to prevent the boundary layer forming on the floor which may affect the test results. * What are wind tunnels? Just as its name suggests, a wind tunnel is a tube or tunnel that has man-made windblown through it at a certain speed. Scientists and engineers put...

Words: 7745 - Pages: 31

The Wind

...keyword: wind Sort By: Go Your search returned over 400 essays for "wind" 1 2 3 4 5 Next >> These results are sorted by most relevant first (ranked search). You may also sort these by color rating or essay length. Title Length Color Rating Wind Power and Wildlife Issues in Kansas - ... Turbines can produce electricity at wind speeds as low as 9 miles per hour, reach their peak of production at 33 miles per hour, plus shut down and turn sideways at wind speeds above 56 miles per hour. An average wind speed at the site of a turbine is 20 miles per hour. Because of these features on the towers, they rank Kansas the 3rd in the US for wind energy potential. The Gray County Wind Farm in Kansas, powered by Florida Power and Light Energy, has collected data from 2001-2009 on electricity production.... [tags: kansas, wind energy, wind turbines] :: 1 Works Cited 1537 words (4.4 pages) $29.95 [preview] Analysis of Wind Turbine Designs - Abstract Bill Gates, founder of Microsoft and one of the most philanthropic men in history giving over 28 billion dollars to charity so far, states his number one wish for the world wouldn't be to rid the world of aids, vaccinate kids around the world, or feed every starving children; instead, it would be to invent and utilize a cheaper emission-free source of energy. My research aims to cut through the vast amounts of wind turbine designs and analyze the two most promising types. The first type is Small Vertical Axis......

Words: 9531 - Pages: 39

Gone with the Wind

...Student: Nguyễn Thảo Vi Student code: 11134544 Class: Advanced Accounting 55B “Gone with the wind” ”_ written by Margaret Mitchell, has been one of the famous literary classics of all time when it first published in 1936. The famousness of the novel mostly come from the way Margaret Mitchell created the characters, creating haunting scenes and thrilling portraits of characters so vivid that we remember their words and feel their fear and hunger for the rest of our lives, especially Scarlett O’Hara_ the protagonist and the remarkable meaning hidden within it. Literature, an invisible world created by the infinite imagination of the writers, is where you can meet all kinds of people that could make your heart quivers intensely. Those characters reflect life in a truthful way, and they also show us the deep experiences and the desperate desires in life. “Gone with the wind”_ the famous literary classics, poytrayed excellently the pictures of the contemporary society and the women in the 19th century in a way that no one had ever done before through the charming and frenetic Scarlett O’Hara. Scarlett O’Hara is highlighted character of the whole story, although she was a character who embodies all of the negative stereotypes attributed to women throughout history. She is narcissistic, shallow, dishonest, manipulative, amoral. At the beginning of the story, Scarlett was described to be self-centered, and spoiled by her wealthy parents. Scarlett is very......

Words: 980 - Pages: 4

Shaw Wind

...MNGT-395-A3 - Managing Strategically February 2016 MNGT-395-A3 - Managing Strategically February 2016 Managing Strategically - Case Assignment 1: “Wind in Shaw’s Sails” | Adolfo Mauricio Jimenez ArceAli KhalilAnja JelacaClaudia Siller VargasJorge Siller Vargas | Managing Strategically - Case Assignment 1: “Wind in Shaw’s Sails” | Adolfo Mauricio Jimenez ArceAli KhalilAnja JelacaClaudia Siller VargasJorge Siller Vargas | Table of Contents Introduction 1 Mission Statement 1 The Macro Environment 1 6 Element Examples of the Macro Environment 1 1 Gone with the Wind: Shaw in the Cell Phone Market 1 Competitive Strategies 1 Core Concept 1 Conclusion 1 References 1 Table of Figures Figure 1: 6 External Elements: PESTEL Analysis 1 Table of Tables Table 1: Rankings of the Big Four by Media 1 Table 2: Canada's Wireless Market Share 1 Introduction This report is a case analysis of Shaw Communications, commonly known as simply Shaw, and its purchase of Wind Mobile. Shaw provides Internet, television, and landline services to customers in British Columbia, Alberta, and Ontario. Shaw intends to finalize the purchase of Wind Mobile in late 2016; however, the sale requires federal government approval. Wind Mobile is a relative newcomer in the cellular market, but it will provide Shaw with a service that has been lacking. In this report, the following elements will be examined in greater detail: Shaw’s mission statement, the macro......

Words: 3105 - Pages: 13

Wind Energy

...are discussing the topic of wind energy. The reading starts out by mentioning the wind is good and it is a renewable resource. The wind is available everywhere. In United States, 20 percent of the electricity could be provided by wind power. However, the speaker argues by mentioning the amount of energy produced by wind power, it is unpredictable because it can spread out. Wind power does not generate if wind is not strong enough. Moreover, not everywhere that turbine for generator can be installed. The reading continues by bringing up the point of the cost of wind energy. Wind energy is affordable compare to coal, oil, and gas because the wind is free. Alternatively, the speaker once again resists this idea by the initial investment for produce wind energy is expensive. A generator for produce wind energy needs location and land that big enough for a machine. Land is very expensive and hard to find. Furthermore, a generator will be built in a farm far from the city. It needs to build a transmission line to transfer the energy from farm to city. These can cost a large amount of money. The final point made by the reading is wind power is safe and environmentally friendly. The wind energy does not cause greenhouse gases or other pollutants. Comparing to other source of fuel such as coal, oil, and gases, wind is cleaner. So, it helps reduce causes of global warming and it will lead to better health of populations. Whereas, the speaker says that wind energy has a negative......

Words: 286 - Pages: 2

Winds of Change

...Winds of Change Sonya Marquis BUS440-801 Introduction Wind energy is a renewable resource, which means that future supply will not be affected by current use. The rising concerns about global warming, pollution, and depletion of natural resources makes wind a viable and logical source of energy for the near and distant future. There are many advantages to wind energy; it is a sustainable energy source that is non-polluting. With a 30 percent annual increase, wind is the world’s fastest-growing bulk power electricity source. Montana has a bright future in wind energy. The American Wind Energy Association ranked Montana’s wind-energy potential in the top five in the nation. Currently, the state has several utility-scale wind farms in operation. History of Wind Energy Wind energy has been used by civilizations throughout time. As early as 5000 B.C., wind energy propelled boats up and down rivers. Simple windmills pumped water in China in 200 B.C. Wind energy technology and its applications continued to grow and diversify throughout the ages. By the late 19th century, settlers of the New World were using windmills to pump water, and eventually, to generate electricity. Small windmills were used until the late 1920s to bring electricity to rural Americans. Farm and ranch communities in Montana used wind generators that produced direct current (DC) electricity that was often stored in batteries. However, these systems were short-lived due to the Rural......

Words: 1879 - Pages: 8

Wind Energy

...carbon dioxide which is a destructive greenhouse gas, it has historically dragged its feet when it comes to alternative energy. Wind energy is arguably the most important alternative energy source currently available. It is relativity inexpensive, abundant, and climate-benign, and most importantly, inexhaustible. By 2020, wind energy is expected to provide for half of Europe’s energy needs. The world’s wind-generating capacity is currently growing by 29 percent a year. Figueroa 2 According to a study conducted by the Department of Energy, the states of North Dakota, Kansas, and Texas alone receive enough wind to provide electricity for the entire nation. By the same token, offshore wind farms could provide enough energy to power the entire nation. Wind energy systems require very little maintenance, and could potentially produce electricity for as little as $0.02 per kilowatt-hour. The average US household consumes about 10,000 KWh of electricity each year. Fact, a 250-kw turbine installed at the elementary school in Spiril Lace, Iowa, provides an average of 350,000 KWh of electricity per year, more than is necessary for the 53,000-square-foot school. We have the potential to generate enough energy to meet our needs in such a way that is beneficial to both humanity and the environment. So why are we not developing wind power concept sooner rather than later? Figueroa 3 Authors: Morley, David C., and Rich, Alex K. Title: Point:......

Words: 348 - Pages: 2

Power by the Wind

...Power by the Wind 1 Power by the Wind Power by the Wind covers the topic of wind energy. There is a large sector in our country that believes wind energy is an excellent alternative resource, including myself. There is also a group of people that believe that the wind turbines that are used to generate wind energy is a bad idea because they obstruct the natural view, causes death to birds, and generates noise pollution. They also argue that wind energy is not a dependable source of energy because the wind does not blow continually. I will explain the long history of wind energy and the methods that have been used to harness it. I will also look at wind energy from a positive and negative perspective. A Long History: The human relationship with the wind has been a long one with the use of sailing ships and windmills. For centuries past the wind was used as the main power source for sailing ships. The use of windmills seems to have started with the Persians for grinding grain (between 500 and 900 A.D.). Windmills started appearing in Europe around the time of the Crusades (1096 -1270). The European design is very different from the Persian one Power by the Wind 2 and there is an ongoing debate whether the Europeans developed the windmill themselves or the Crusaders had taken the idea back to Europe. The earliest windmills found in Europe were a post mill construction. The main structure of the windmill sits on top of a post......

Words: 1443 - Pages: 6

Brothers Conflict | watch new episodes of Doctor Who Season 11 | Cat Planet Cuties (13)