Beginning in 2000‚ CMS Marketing‚ Services and Trading Company began to make energy trades that had no economic justification. As stated in the Securities and Exchange Commission cease and desist order ¡§CMS materially overstated its revenues‚ expenses and energy-trading volumes in 2000 and 2001 through the use of undisclosed round-trip energy transactions conducted by its Houston-based energy-trading division‚ MS&T.¡¨ These trades have now become known as "round-trip" trades. CMS issued false Press
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whether or not Patricia Dunn should have been dismissed for her actions. Patricia Dunn‚ HP‚ and the Pretext Scandal Hewlett-Packard is without a doubt a successful company. With products ranging from computers‚ to servers‚ to electronic test equipment‚ they are truly giants in the electronics industry. Unfortunately‚ they have had their share of scandals in the past few years. First‚ its’ former CEO‚ Carly Fiorina‚ was dismissed in the wake of missed profit projections and a not
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The topic i choose from the 1920s was the Black Sox scandal. It was where the White Sox and the Cincinnati Reds were in the world series and gamblers paid White Sox players to lose the game‚ this happened 95 years ago. ‘’On October 9‚ 1919‚ the Cincinnati Reds defeated the heavily favored Chicago White Sox 10-5 to clinch an unlikely World Series win’’ (Andrews). ‘’The players on the Charles Comiskey’s 1919 Chicago White Sox team were a fractious lot. The club was divided into two "gangs" of players
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The Hwang Woo-Suk Research Scandal In scientific research poor scientific research can lead to financial waste and human health risks. This paper reviews an example of unethical business research and injured parties involved. Next how the unethical behavior affected everyone involved and how to prevent unethical behavior is explained. Many institutions have different standards of what is considered to be unethical research. Some examples include: 1. Asking inappropriate questions
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The First Lady was notorious for her involvement in government scandals. Women at the time were expected to be submissive and they generally were not involved in politics. Mary Todd‚ having spent her life surrounded by politicians involved herself in government affairs in order to benefit herself as well as her friends and family. She attempted to influence her husband’s work‚ specifically when it came to distributing patronage and appointing a cabinet. She managed to convince Mr. Lincoln to appoint
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Case Study: Siemens Bribery Scandal 1. Corruption was deeply embedded in Siemen’s business culture. They rationalized this corruption by stating that it was not illegal to initiate bribes to government officials. This was true‚ however not anymore‚ the law changed in 1999 prohibiting such acts of corruption. 2. If a manager at Siemens would have stood up and took a stand against corruption‚ I think that he/she would have most likely been fired for being insubordinate. The higher executives that
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BOSTON-MA‚ The 2009 Boston University scandal reveals itself earlier this week. The report contains players who drank a lot and had sex in the penalty box at Agganis Arena. From the reports given‚ it is clear that the BU hockey team feel like they are superior to the rules presented by their institution. Sara Al Hashemi‚ a 20-year-old junior at American University gives her input in regards to this situation. Al Hashemi was asked if college athletes get special treatment and she agreed that they
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MGMT 3512 Corporate Governance Exam 1 Prepared by: Can Işıl Volkswagen Diesel Scandal – Dieselgate Summary Volkswagen is a German Automotive giant established back in ‘30s which has over hundred production facilities across 27 countries around the world. In 2016 VW became the largest automaker by overtaking long leading Toyota with 10.3 million vehicles. It currently controls many other brands such as Audi‚ Bentley‚ Bugatti‚ Lamborghini‚ Porsche‚ Seat‚ Skoda
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were misled by advertisements that said Donald Trump had hand-picked instructors for the program and that they would learn tricks to be successful that were used by Trump himself (Staglin Para.10)”. Before I was introduced to the Trump University scandal I had no Idea what for-profit Institution was. A For-Profit is
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Case Study: Columbia / HCA and the Medicare Fraud Scandal Central Facts of the Case X In 1997‚ Columbia/HCA Corporation was the largest health care company in the world X In 1996‚ Columbia Hospital Corporation was named the ¡§Most Admired Company¡¨ by Fortune magazine « Clearly they were a well-respected‚ well-trusted company not too long before they were raided‚ and during a time that they were under investigation (not known to the public at the time) for fraudulent activity X Columbia
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