The Vatican Bank is also referred to as institute for works of religion. This bank is owned by a private company. The location of the bank is in the Vatican City. The operation of the bank is supervised by a professional chief executive officer. The CEO of this bank is required to make daily reports to a committee that is made of cardinals. The cardinals oversee the running of the bank and in turn are supposed to report the bank’s progress to the pope. There is a supervisory council which directs the IOR. In 2009, this supervisory council consisted of president or the CEO known as Ettore Gotti, the vice president was Hermann Schmitz; other people in the council included Manuel Soto Serrano, Carl Anderson and Giovanni Censi.
The bank’s assets are not considered to be property of the Holy See. The bank is listed to be among the assets of Annuario Pontificio. This is a not only successful bank but also profitable. In the 1980s, this Vatican Bank had been involved in a financial and political scandal. This scandal involved the collapse of a major shareholder known as Banco Ambrosiano. During this collapse, the bank lost 3.5 billion dollars. In 1982, there was an archbishop known as Paul Marcinkus who was indicted in Italy as he was associated with the collapse of the major share holder. This archbishop was the head of the IOR during year 1971 to the year 1989.
Though the archbishop was indicted in Italy, he was never tried as he was claimed to be possessing immunity as he was a diplomat. He retired from being the head of the bank and he died in year 2006. Banco Ambrosiano, the share holder was facing accusation of spending the money for the Sicilian mafia. As a result of the scandal, Banco’s chairman Roberto Calvi was murdered.
Topics: Vatican Bank, the Vatican Bank, vatican banks, vatican bank scandal, money laundering, website
Every month, there are companies that carry out research and study into the behavior of the Search Engine Market Share and then from their findings they list the search engines in positions. At any time, the search engines will either stay in the same positions, be moved down or go a step higher. With time, the major search engines have carved themselves a comfortable niche at the top where they continue to grow in popularity even as they snatch traffic from the other smaller search engines. The fact is that the bigger that a search engine is, it means that it is the most popular, gets the most ads and that it is the most used.
Search engine market share is determined by a number of intelligence ad agencies that carry out a detailed research into the overall performance of a search engine. Over time, more search engines have come into operation and therefore the importance of gauging their performance has risen so that all the stakeholders can know where they stand. Over time though, the first three positions have consistently been dominated by the leading search engines which have held up almost the same percentages of the share market.
Depending on the company that carries out the search engine share market study, the results might differ a little but one thing is for sure; that the best company takes the lead. One of the criteria that are used to gauge the performance is the user friendliness and the search ability of the search engine. The friendliest one will gain the highest flow of traffic and it will also attract more adverts. In the search engine markets, the first one is the best – period. For users and advertisers, the results are usually posted on the websites and they are accessible to all parties for free.
Topics: search engine market share, search engine optimization marketing, search engine share, search engine market