Noble Group at 'Complete Catastrophic Meltdown,' Ex-Temasek Exec Says

Noble Group at 'Complete Catastrophic Meltdown,' Ex-Temasek Exec Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the financial collapse of Noble due to accounting fraud, highlighting inflated assets and income. It critiques the role of auditors like EY and the lack of regulatory action in Singapore. The challenges faced by the new Noble, including high debt and management issues, are explored. The involvement of Iceberg Research and the impact on corporate governance are also discussed, along with the role of hedge funds in Noble's future.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main reasons cited for the financial collapse of Noble?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the role of Singapore regulators in the situation with Noble?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker imply about the auditors, EY, and their past performance?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the former CEO Yusuf Alireza suing the founder Elman?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns does the speaker express regarding the treatment of retail investors in the Noble case?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker characterize the current state of Noble and its future prospects?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest should be done before allowing the new Noble to be listed?

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