“Normal changes in the foreign currency, from 3 to 5 percent, are the responsibility of the foreign unit management to cover. We consolidate and report the company’s results in dollars, and we expect the managers to deliver their plan. It is up to the local managers to oversee their translation currency exposure. If the currency swings vis-à-vis the dollar is [sic] greater than 3 to 5 percent, then the translation exposure becomes a corporate issue. We will peg off the standard (PDR) and coordinate and share the managing of the exposure with the foreign operation. We regularly discuss the currency topic during our weekly informal controller talks.”