It represents the average fees earned by this division as a percentage of the total assets that it has under management.
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Step 1: Establish an inventory of assets under IT management.
Step 1 must be to establish some sort of inventory of what assets are under IT management and what value they provide to the business.
For systems of record that track money or other vital assets, it is likely that established management methods such as ITIL or COBIT provide a good model.
And the beauty of it is simple math embedded in the assets-under-management compensation scheme: The more money under management, the more money they make on a straight percentage.
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And if they make a big bet and it goes sour, they have their 2% of assets under management to fall back on.
Although the company has been failing to service its debts, it claimed that it is solvent because its liabilities were smaller than its assets, which the management values at replacement cost.
Create a written IT security policy that identifies critical assets and defines policies for physical security, account management, and backup and recovery among other areas.
The company says it gives its clients' interest top priority, and may reduce its assets under management, restrain its growth, reduce its fees or otherwise change its terms even in circumstances where other firms might feel such actions are unnecessary.
Management announced it would lay off 18, 000 employees and sell all assets.
One option that has repeatedly been raised is for the firm to sell all or part of its Neuberger and Berman asset-management unit, but that would leave it with a large proportion of assets impacted by the credit-market turmoil.
The investment subsidiary also pays Apollo Advisors a management fee of 2% of gross assets--including the debt it borrows.
And analysts say it is important that the assets handed over are protected from any legal action if the fund management company gets into difficulty.
Management is boldly acting on what it sees as an opportunity to pick up assets from cash strapped banks needing to bolster capital to meet regulatory requirements.
Management of these companies has, over time, caused the value of assets it has acquired to decrease so much that the cumulative value destroyed exceeds the value of all their assets currently.
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Password management software comes in many flavors, including password applications for IT teams to secure privileged assets such as critical servers, databases, routers, switches and applications.
The rationale for the 47% discount is that an outside buyer of limited partnership shares can't control the partnership's management or force it to liquidate, and so wouldn't pay full value for the assets (FORBES, Apr. 17).
Clever hedge fund managers, who stand to reap huge rewards from their 20% carried interest (in addition to their 2% annual fee for assets under management), gleefully bet against the market on the way down and then for it on the way up and made giga-bucks from the rapid down-and-up.
It happens because senior management understands both the importance of what is happening and their fiduciary duty to protect the assets of the organization.
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