How would you summarize your leadership philosophy? A. I think the best leaders are teachers and they're truly taking the time to explain a balance sheet or a fuel hedging policy or other things.
Corporations are realizing that a good hedging policy can help them save a lot of cash, based on sound advisory policy.
The average realized price dropped to $340 an ounce from $360, still well above prevailing market prices, thanks to an active hedging policy.
Cathay Pacific acknowledged paper losses of nearly $1bn £657mm) yesterday as the airline's fuel hedging policy backfired thanks to dramatic falls in the oil price.
Mr O'Donoghue acknowledged that the group had not expected the extent of the swing in the euro-dollar exchange rate but said the group had changed its hedging policy for the current year.
PPR, a French holding company which owns Gucci and several retail chains, has already declared that it will be adversely affected by its hedging policy, for example.Some of Europe's most successful exporters operate in markets where price is far from being the primary consideration.
One of the most prominent bond bulls, Bill Gross of Pimco, an investment-management firm, has just publicly changed his mind.The hedging policies of mortgage issuers may also have played a part.
A host of American exporters have seen their revenues fall alarmingly as the greenback's rise revealed hedging policies ranging from the inadequate to the non-existent.
It also is unloved by the most avid gold bulls because of its hedging policies.
Another change in recent months is that the gold industry started moving away from its own hedging policies, led by Newmont Mining.
