Bally total fitness originated as an average health and tennis club in 1962. Who would have thought they would be where they are today. Like many other major companies sometimes it pays to be in the right place at the right time. Today they are one of the major companies in a 14 billion dollar health club industry. “They are the third biggest health care chain behind Curves for women and the YMCA”.Currently they have around four million members and 420 facilities. They currently have operations in 29 states including Asia, the Caribbean, and Canada. You may be wondering why you don’t see that many Bally Fitness Clubs; the reason for this is because they run the business under 6 different names. The other clubs they own include “Bally Total Fitness, Crunch Fitness, Sports Clubs of Canada, Pinnacle Fitness, Bally Sports Clubs, and Gorilla Sports”. Bally total fitness currently employs 23,500 staff members, 6,700 group instructors, and 3,500 personal trainers. These numbers are including the clubs they own that are under different names.
What many people don’t realize is Bally’s Sports clubs is only apart of the company. Along with fitness centers they also have their own products. They have an extensive line of exercise equipment ranging from medicine balls to free weights. However it does not end there they also have a full line of supplements including weight management products, performance supplements, and energy enhancers. There exercise equipment is only available for sale online however there supplements can be purchased at super markets and nutrition stores.
It is not uncommon today to see companies misstate their earnings. As we know this is an illegal activity that has put companies under such as Enron. This is not something that makes your company look good and is not worth getting caught for. Well “Bally’s got into the mix in early 2003 when they were forced to restate their earnings for the current period”. Their stock price collapsed and needed help in a hurry. They decided to get a new CEO which was a well traveled man known for reviving companies. That man was Paul Toback , he knew something had to be done quickly, so he decided to come up with new advertising efforts in 2004. Those advertisements proved to be extremely successful and they will continue these same types of advertisements in 2005. During this time they have also created strong partnerships with some of the biggest companies in the world.
It began with a written press release of the preliminary financial results for the quarter and year ended March 31, 1999. According to the release, the quarterly revenue was $6.4 billion, which was later discovered to be false. Hawkins himself approved the release, knowing that the numbers were materially overstated due to the inclusion of an alleged sale contract with Data General. For the purpose of meeting the expectations of the analysts, the software sales growth was exaggerated by 20%. The revenue goals for the March 31 quarter were $120 million, which both Hawkins and Albert Bergonzi, HBOC's Chief Operation Officer knew were very hard to be met.
As he recounts in "Doing What Matters," Mr. Kilts was fortunate to have a wise board that included Warren Buffett and Henry Kravis. Mr. Kilts says that in Mr. Buffett's view, unrealistic earnings estimates were the problem. Mr. Buffett made his opinion known "both at Gillette board meetings and in public comments," Mr. Kilts writes, quoting him saying: "For a major corporation to predict that its per share earnings will grow over the long term at, say, 15 percent annually, is to court trouble." And: "Managers that always promise to 'make the numbers' will at some point be tempted to 'make up' the numbers.
Within The Picture of Dorian Gray, Oscar Wilde depicts two characters that follow the philosophy of Walter Pater. These two characters are Dorian Gray and Henry Wotton. They both embody Pater’s ideal of placing as much enjoyment in one’s short life as possible. While Dorian learns of Pater’s philosophy from Henry he soon exceeds his teacher and becomes invested within the philosophy of living life to the fullest. Dorian exceeds Henry in Pater’s philosophy through his active experimentation and desire for beauty, but Dorian fails to live up to all of Pater’s expectations due to his inability to separate morality for art.
The classic novel by Oscar Wilde, The Picture of Dorian Gray inspires beauty, and romance. The main focus of the novel is aesthetics, a philosophical view detailing the nature of creation and appreciation of art and beauty. The tragedy of the young Dorian Gray after becoming misled by his companion, Lord Henry Wotton, is one that causes many to reform ideas on life and purpose. Lord Henry believes in hedonism, a thought stating that pleasure is the only true good; he declares, “The only things worth pursuing in life are beauty and fulfilment of the senses” (Wilde). This outlook is tempting for many persons, including that of the title character, Dorian Gray. In contrast to Lord Henry is an artist named Basil Hallward, whom perceives Dorian to be his muse; serving as inspiration, and purpose. Basil has many moral traits including trust, compassion, and kindness. His infatuation with Dorian causes him to change his art and style, composing an exquisite painting of the young boy. Basil states, “the work I have done, since I met Dorian Gray, is good work, is the best work of my life…his personality has suggested to me an entirely new manner in art, an entirely new mode of style. I see things differently.” (Wilde). Dorian becomes so mesmerized by the beauty of the picture and the words of Lord Henry that he wishes for the picture to depict his sins and age, rather than his physical being. To the surprise of the young Dorian, his wish becomes fulfilled. This theme shares similarity to the Faust story, as the title character exchanges his soul for pleasures
Throughout the past several years major corporate scandals have rocked the economy and hurt investor confidence. The largest bankruptcies in history have resulted from greedy executives that “cook the books” to gain the numbers they want. These scandals typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of assets or underreporting of liabilities, sometimes with the cooperation of officials in other corporations (Medura 1-3). In response to the increasing number of scandals the US government amended the Sarbanes Oxley act of 2002 to mitigate these problems. Sarbanes Oxley has extensive regulations that hold the CEO and top executives responsible for the numbers they report but problems still occur. To ensure proper accounting standards have been used Sarbanes Oxley also requires that public companies be audited by accounting firms (Livingstone). The problem is that the accounting firms are also public companies that also have to look after their bottom line while still remaining objective with the corporations they audit. When an accounting firm is hired the company that hired them has the power in the relationship. When the company has the power they can bully the firm into doing what they tell them to do. The accounting firm then loses its objectivity and independence making their job ineffective and not accomplishing their goal of honest accounting (Gerard). Their have been 379 convictions of fraud to date, and 3 to 6 new cases opening per month. The problem has clearly not been solved (Ulinski).
Wilde first shows the importance of looks when Basil first sets eyes on Dorian Gray. "I knew that I had come face to face with someone whose mere personality was so fascinating that...it would absorb my whole nature, my whole soul, my very art itself" (7). This was before Basil had even talked to Dorian, and he had already judged what type of personality he had, ...
Gary and Diane Heavin opened their first Curves in the United States in 1992. The two designed a thirty minute workout for women, and created a comfortable; women only, place to exercise. Franchising of Curves started in 1995, and within ten years it became the world’s largest fitness franchise and the tenth largest of all franchise companies in the world. There are over 10,000 locations in 44 countries and most of the success was through word of mouth (“Curves Weight Loss Plan”).
...e over ten million customers, providing over 500 brands and thousands of products. For added income, in December of 2012, the company launched their own supplement line taking into account all the positive and negative reviews of existing brand reviews, to create a product consumers like, with the ability to offer lower prices by eliminating the middle man, selling directly from their site. They advertise their personal product line all throughout their site, so that visitors leaving the site without seeing their product are rare. They also provide their own clothing and accessory line, offering customers top of the line products for low prices, which serves as a way to advertise for a profit. Strategically, Bodybuilding.com uses top Youtube.com famous professional and inspirational bodybuilding models, displaying their product on recognizable faces and fit bodies.
Langston Hughes (1902-1967) absorbed America. In doing so, he wrote about many issues critical to his time period, including The Renaissance, The Depression, World War II, the civil rights movement, the Black Power movement, Jazz, Blues, and Spirituality. Just as Hughes absorbed America, America absorbed the black poet in just about the only way its mindset allowed it to: by absorbing a black writer with all of the patronizing self-consciousness that that entails.
Rather than being sticklers for following GAAP accounting principles and internal controls, this company took unethical behavior to a whole new level. They lied when the truth would have been easier to tell. It is almost as if they had no comprehension that the meaning of the word ethics is “the principles of conduct governing an individual or a group (professional ethics); the discipline dealing with what is good and bad and with moral duty and obligation”, (Mirriam-Webster, 2011). To be ethical all one has to do is follow laws, rules, regulations and your own internal moral compass, all things this company seemed to know nothing about.
... tempted to falsely inflate earnings is to take away their personal gains, if the company's stocks go up. I believe that when upper level management has too much incentive based on personal financial gain, which is directly based on the performance of the company; it compromises their judgments. I think that upper level management should not be allowed to receive stock options or to even own stock in the company as the financial statements would provide a neutral, bias-free report. Management would have no reason to "cook the books." I also feel that any management who still decides to falsify documents needs to be held more accountable for their actions and receive tougher punishments. I think that these strict guidelines would help the people in the United States and people all over the world feel more confident in investing their money into the stock market.
When the main protagonist, Lester, develops an existential crisis, the viewer observes how his whole life changes. He becomes attracted towards his daughter’s friend, which if it would be that he would listen to society and not have those carnal feelings towards a young girl he would be listening to the other, thus falling in bad faith. Rather, Lester begins to take full responsibility for his life, making decisions and taking actions, which in the end, result in his demise. Consequently, this can be considered to be in a sense, him acquiring what Heidegger called the being towards death. Lester is aware that he may eventually die, therefore he does not care about what his wife thinks, he does not care about what his daughter cares; he cares only about what Lester feels and wants. Therefore, for both Heidegger and Sartre, the main protagonists becoming someone that is free to make any choice he desires, be unfaithful to his wife, not care about his wife be unfaithful, working out naked, and even disrespect his daughter for wanting to sleep with her best friend. The choices that Lester makes as Sartre argues, are even choices about his death, since Lester is well aware that any of the “crazy” things he I doing could lead to his death. This happens to be the case at the end of the movie when he gets shot in the
In Wilde’s The Picture of Dorian Gray, we follow the young Dorian Gray as Lord Henry Wotton first introduces him to a new way of being. Lord Henry believes that the only way of being is to understand that beauty is the only worthwhile trait of life. Wilde writes “, Lord Henry looked at him . . . There was something in his face that made one trust him at once . . . There was something in his low, languid voice that was absolutely fascinating . . . But he felt afraid of him, and was ashamed of being afraid. Why had it been left to a stranger to reveal him to himself?”(page18-23) To Dorian, having just met Lord Henry, these words are life altering. Scholars have made the argument that Lord ...
“Art is the most intense mode of individualism that the world has known.” The aesthetic movement dealt with the nature of art and the simple beauty that is encompasses. Wilde prefaces his novel, The Picture of Dorian Gray, with a reflection on the artist, the art, and the value of both. In Oscar Wilde’s novel, Wilde describes his part of the aesthetic movement and bases the events in the novel on his own experiences.
Black, Tamara. 2008. Exercise and Fitness in a U.S. Commercial Gym.Ann Arbor, Mich.: University Microfilms International.