stakeholders. Acting to benefit the interests of a majority is at the core of the consequentialist theory of utilitarianism‚ a philosophy carefully examined throughout the semester. Its merits and faults can be analysed through scrutinising the actions of Bernard Madoff‚ whose firm operated a scam claimed to be the largest financial fraud in the history of the United States. His deception provides insight into the implications of enacting a purely egoist business model and the repercussions of an absence of
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Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies
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"The Jewbird" is a short story by the Jewish-American writer Bernard Malamud. The protagonist is a crow named Schwartz‚ who identifies himself as a Jewbird. Fleeing persecution by antisemitic birds‚ Schwartz tries to find a home with a New York City Jewish family. Despite being generous and respectful to the family‚ the father first persecutes‚ and then attempts to kill Schwartz. The story has been interpreted as an allegory about Jewish self-hatred.[1] The Story was first published in The Reporter
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the wrong things because they have a thoughtlessness attitude‚ and their inconsequential feelings of others. People display evilness in modern society and examples include the Newtown shooting‚ the suicide of Tyler Clementi and the Ponzi scheme Bernard Madoff started. School shootings are occurring far too often in the United States of America. Many incidents have been occurring as well in Newton Connecticut an incident recently occurred which was an act of pure evilness. “Police
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Bernard Madoff is a modern day Visigoth for several reasons. He is one of the largest white collar criminals of all time. In fact‚ he has committed one of the most elaborate Ponzi schemes‚ which is considered to be the largest financial fraud in history. For those who do not know what a Ponzi scheme is – it is a fraudulent investment that pays returns to its investors from their own money‚ or the money of other investors‚ rather than through profits of the organization. The scheme entices investors
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Robin Wake 10/24/12 Choice Theories Madoff was a master thief and financier. In 2008‚ he revealed that the asset management arm of his firm‚ Bernard L. Madoff Investment Securities‚ was "just one big lie". In what he described as a Ponzi scheme‚ he took his investors for $65 billion over the course of two decades. The scheme wasn’t revealed until Madoff himself confessed his crimes (How Ponzi Schemes Work). I believe this is based on the rational choice theory. For example‚ a drug addict may
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Haiti devastated by massive earthquake "All of a sudden everything was falling apart... there was no place to hide" A massive 7.0-magnitude earthquake has struck the Caribbean nation of Haiti. The extent of the devastation is still unclear but there are fears thousands of people may have died. Haiti’s worst quake in two centuries hit south of the capital Port-au-Prince on Tuesday‚ wrecking the presidential palace‚ UN HQ and other buildings. A "large number" of UN personnel were reported missing
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References: Altman‚ A. (2009). A Brief History Of: Ponzi Schemes. Time‚ 173(2)‚ 18-18. Retrieved July 23‚ 2009‚ from Academic Search Daily News. (2008). Leon Bernard Madoff biography – fraud reach 50‚000 billion dollars. Retrieved July 31‚ 2009‚ from http://www.dailynews.rs/2008/12/leon-bernard-madoff-biography-fraud-reach-50000-billion-dollars/ McDermid‚ B. (2009). Bernie Madoff. New Internationalist‚ 32. Retrieved August 1‚ 2009‚ from http://www.newint.org/columns/worldbeaters/2009/07/01/bernie-madoff/
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Madoff [pic] [pic] Anneke Myers April 9‚ 2013 Professor Kevin Voce Morrisville State College One of the most well known schemer and criminal of the white collar field was Bernie Madoff. The chameleon created an impression of being a nice and caring person at work‚ but ironically‚ deep down inside he was a deranged money hungry criminal. Many people could not believe the news they were hearing after
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WHY IS RICHARD BRANSOM THE MAN BEHIND THE VIRGIN BRAND WHILE BERNARD ARNAUT (lvmh) IS NOT BEHIND HIS BRAND. LMVH PRESENTATION DU GROUPE Leader mondial des produits de haute qualité‚ LVMH Moët Hennessy - Louis Vuitton dispose d’un portefeuille unique de plus de 60 marques prestigieuses. Le Groupe est présent dans cinq secteurs d’activités : ►Vins & Spiritueux ►Mode & Maroquinerie ►Parfums & Cosmétiques ►Montres & Joaillerie ►Distribution sélective Grâce à sa politique de développement des
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