You have just been appointed CFO of Taconite Mining a US MNC. The company has subsidiaries in Canada, Germany, Japan, and Brazil. The previous CFO did nothing to manage global financial issues. Each subsidiary operated on their own, implementing their own policies, and the CFO didn’t want to change that as he felt local operations were performing quite well. The CFO was released from his position due to extreme volatile quarterly swings in (Consolidated means the combined results of the US Company and all the International subsidiaries) Taconite Minings’s Consolidated USD operating income, despite the fact the subsidiaries were performing quite well on a local currency (meaning their respective currency i.e. Canada – Canadian dollars, Germany – Euro, etc) basis and the fact that the US Company alone (without the subsidiaries) was performing quite well. Assume you start from ground zero and know nothing about the global financial issues facing the company beyond what is stated here. As the incoming CFO explain why the company has experienced extreme volatile swing in operating income, what more you might want to know, and explain what things you might do based upon what you have learned in this course this semester.