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Starting next spring, Starbucks plans to increase its use of Fair Trade coffee by making it the "Coffee of the Day" one day each month.
The international board under Mr. Tweedie was at times very controversial, particularly in France, where bankers were angry over earlier efforts to increase the use of fair value.
Under Mr. Herz, the board had angered banks and bank regulators with proposals to expand the use of fair value accounting, including for some loans.
Under Robert H. Herz, the former chairman of the FASB, the board moved to increase the use of "fair values" of financial assets, on the ground that such values were all that really mattered.
Notably, those with a background in the financial services industry defined for our purposes as investment banking or investment management are more likely to propose the use of fair value methods.
Three, the use of fair value to determine impairment of goodwill from M&A activity may impose less drag on earnings, potentially boosting M&A activity a major revenue source for investment banks.
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Indeed, Enron notoriously made use of fair-value accounting to manipulate the worth of its energy contracts.
The problem with this bill, Professor Zitzewitz said, is that it reflects the regulatory and industry view that "stale-price arbitrage should be addressed with fees primarily, and occasional use of fair-value pricing".
The use of fair-value pricing, redemption fees or both has become the rule rather than the exception for international funds.
Fair Use - the basics of "fair use" Rules of Thumb - help for determining if your use is "fair use" Educational Guidelines - additional guidelines for thinking about "fair use" Copyright law provides for the principle, commonly called "fair use" that the reproduction of copyright works for certain limited, educational purposes, does not constitute copyright infringement.
Legitimacy and fairness are related in that decision-makers' legitimacy may be enhanced by their commitment to the use of a fair decision-making process.
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