Janus Capital Group: History Of The Company, What Are The Ethical Dilemmas That The Management Has Faced?

2805 words - 11 pages

Janus Capital Group is a mutual fund company that specializes in the active management of investor assets. They are responsible for the investment advisory, distribution, and marketing of their various funds throughout the world. The company's asset management disciplines include growth, core, international and value. As of February 29, 2004 total assets under management at Janus was $147.5 billion (Janus.com).Tom Bailey established Janus Mutual Funds in 1970 with only 30 investors and less than $500,000 in initial capital. By 1980, Janus had accumulated $33.5 million in assets and was easily beating the S&P 500 returns by investing in value-oriented stocks. In 1984, Kansas City Southern Railroad executive Landon Rowland decided that the railroad industry was stagnant. Rowland was looking for a way for his company to diversify and approached Tom Bailey with an offer to purchase his fund company. Tom decided he would sell 90% of his company to Kansas City Southern but managed to retain control of the firm through a clause in his contract. By 1990, the Janus family of funds had accumulated over $4 billion in assets and launched one of the first international funds in America, the Janus Worldwide fund. In 1996, Janus begins their first foray into national advertising and a year later become one of the first fund companies to offer a website for investors to research their funds. In 1997, international fund manager Helen Young Hayes is named by Morningstar as fund manager of the year. In 1998, fund manager Scott Schoelzel is named Manager of the Year by Mutual Fund Magazine. Also in 1998, Janus is named "Family of the Year" by Mutual Funds Magazine and Fortune ranks Janus as one of the top 100 companies to work for. By 2000, Janus was managing $250 billion and was the most revered fund company in America easily beating its peers in almost every investment category. In 2002 Janus shareholders were shocked to learn that Tom Bailey, the company's founder, decided to sell his remaining ownership to Kansas City Southern, effectively relinquishing control of the company he founded. 2003 ushered in change for Janus as the company merged with Berger Funds and began trading on the New York Stock Exchange under the tick JNS (Janus.com).Janus' mission statement has always been to "get investors where they want to go." Tom Bailey began the company with this one simple idea and was able to impart oversized returns for his shareholders over the long run. But investors may not be willing to believe that Janus has their best interests in mind because of some recent scandals that have rocked the mutual fund industry. This once respected fund company has come under fire for unethical and even illegal activities at a time when the company was struggling financially. For example, during the tech boom of the 1990's the Janus Mercury Fund had nearly $16 billion dollars in total assets and was creating over $100 million in revenue in the year 2000 (Strategic Insight)....

Find Another Essay On Janus Capital Group: History of the company, What are the ethical dilemmas that the management has faced?

Ethical Dilemmas Faced by Nurses and Other Healthcare Professionals

2778 words - 11 pages physician, registered nurse, and the patient then sign a written consent for verification. Unfortunately there are emergency situations in which obtaining consent is impossible, and physicians and involved healthcare staff are faced with the ethical decision of whether or not to provide care. The ethical principle of justice involves giving each person what they are due. Fairness and equality are materials that are essential in acting justly

The Ozone hole,what causes the hole, what are some of the effects that it has on humans and animals,and what is being done to try in slow down the process

1126 words - 5 pages . Research was initiated that found CFCs to be largely responsible for the anomalously low levels during the polar springtime. This polar ozone depletion at lower stratospheric altitudes is what has been termed the "ozone hole" (Rycroft 1990).Since, we now know what causes this ozone depletion, what does this mean in terms of humans and plants? The potential impact on human health and ecosystems due to increased UV exposure is a primary concern

Why are there such divergent views of the history of the Middle East and why has the acceptance of such views been so instrumental in helping perpetuate the conflict, especially that between Israel...

2418 words - 10 pages Matriculation No: 120004127Module: IR2006Tutor: Simon TaylorDate: February 17th, 2014Word Count: 2,061Question: Why are there such divergent views of the history of the Middle East and why has the acceptance of such views been so instrumental in helping perpetuate the conflict, especially that between Israel and Palestine?IR2006Why are there such divergent views of the history of the Middle East and why has the acceptance of such views been so

What are the main plans and strategies that Mike Zafirovski has adopted in order to turn Motorola around? Is he succeeding?

661 words - 3 pages what the business achieves. The mission statement can go together with a planned motive projected to express visualization for the future and an understanding of confrontations from someone in the executive offices, like Mike Z. at Motorola. The mission that Mike Z. set forth for the company was to "achieve modest goals that appear to be within reach and gain market share across the board."Goals and objectives are meant to link the space

Imagine that you are the Director of Admissions at Ashesi University College and you had to choose from among a group of very well-qualified appli

791 words - 4 pages to deal with stress or misfortune. This is why ambition would be one of the characteristics that are important to me in making my decision. Initiative Most of the youth today do not have the initiative skills. Initiative is the ability an individual has to act or take charge before others do without prompting and little supervision. I think initiative is important because it shows that the student is responsible and willing to take risks

As a manager at Blue Mountain Company, you have been asked to handle an employee that has violiated the rules of the company. Other than dismissal, how would you handle this situation?

856 words - 3 pages escort intoxicated people off the parking lot onto the public roads, he still had taken an oath that required him to report it to the proper authorities (p. 318).By using the complicity theory, I will know how to handle this situation and what type of disciplinary action to take, if any. The first point in this theory is, what he revealed must derive from his work for the company (p. 302). David Tuff has this information because he works for the

This project is proving an online solution for the consultant company to change the process that they are currently have

5806 words - 23 pages 1.0 IntroductionThis project is helping a global based company to design a system to cover the entire problem now they are facing about supply.1.1 Company backgroundB&E is a Danish company that has more than 10 retailer shops around the UK; the products now they are selling are major supplied from Demark. The problem they are facing is the communication channel, there is no motivated way for them to use actually cover the communication

It has been said that Tennessee Williams' plays are 'full of hate, anger and envy'. How far is this true in scene three of 'The Glass Menagerie'?

2492 words - 10 pages For a play to be full of anger, hate and envy implies that there is no room for other emotions such as happiness, sympathy and sadness. It implies that the play revolves around hateful, angry and envious characters and that the audience feels no other emotions reflected from the characters other than hate anger and envy. This is true to some extent. In scene three of 'The Glass Menagerie' (set during a blazing row), these emotions are expressed

The Test of Time: BMW's Ethical Dilemmas Over History

1983 words - 8 pages This Research paper reports on the ethics of BMW through its history starting from 1916 to present time of 2013. It shows the progression of BMW’s ethical dilemmas of having prisoners of war and concentration camp workers, allegation of bribery, to its racial discrimination. And the changes that where implemented that led them to be on Ethisphere Institute's top 100 list of the World's Most Ethical Companies for 2009. Such changes such as new

The Moral and Ethical Dilemmas of Anthropology

1146 words - 5 pages otherwise impact those with whom they are studying. While the purpose of the research may be to gain knowledge of the plight of a certain individual or group of individuals, by the extension of the sharing of this knowledge the person or persons being studied may draw unwanted attention. By utilizing the Code of Ethics, the framework has been established so that the researcher is guided “to consult actively with the affected individuals or group(s

Ethical Dilemmas in the Workplace

660 words - 3 pages In Module 1, Kindred Todd faced quite a few ethical dilemmas that included her values and technical ineptness. The first predicament was tested her personal morals and ethics. According to, Cumming and Worley, OD practitioners are dealing more and more with value conflicts with powerful outside groups (Cummings & Worley, 2008). Kindred was immediately faced with the issue of knowing what was ethically correct but being told the unethical

Similar Essays

A Company That Has Practiced Survival Of The Fittest. "Choose A Company That Faced Significant Obstacles And Had The Foresight To Dramatically Adapt Their Strategy/Strategies To Maintain Or Regain...

1249 words - 5 pages Untitled Charles Robert Darwin an English naturalist proposed a scientific theory proved from what he called "natural selection." The fittest survive by a process of natural selection, Darwin describes this process: "As many more individuals of each species are born then can possibly survive; and as, consequently, there's a frequently recurring struggle for existence, it follows that any being, if it vary however

Mutual Assured Destruction And The Ethical Dilemmas That Come With It

1285 words - 5 pages to the point where each side brought about the other total and assured destruction and potentially, those of allies as well. I would like to consider some of the moral questions surrounding mutual assured destruction. I shall try to present the moral dilemmas that arise, although it would be useless to try to conceal my own response to these dilemmas. Nuclear weapons are so uniquely powerful and destructive that the moral issues presented by

The Merchant Of Venice Has Been Condemned As A Racist Play, What Are The Problems That A Modern Production Faces

2106 words - 8 pages , nevertheless, Shakespeare makes fun of other races and religions in the play.It can be argued that the Merchant of Venice is a racist play by modern standards but this is because nowadays England is populated by many different religions and races so prejudice is not only frowned upon, but also is against the law because all human beings are seen as equal whereas in the 16th century there were no different races or religions unless they were

Critically Discuss Utilitarianism As An Ethical Theory. What Are The Problems That Confront Utiliatarianism As A Theory Of Public Policy?

2637 words - 11 pages Utilitarianism is a version of moral philosophy, initiated by Jeremy Bentham and refined and popularized by John Stuart Mill, which, true to its etymology, is concerned above all with the usefulness of human activity. Utilitarianism has been one of the most influential of ethical theories, and the one most widely used in ordinary 'common-sense' decisions. Jeremy Bentham (1748-1832) argued that an action should be judged, not simply on the