to the trading of energy related financial products such as derivatives. Enron looked like a great company that makes a lot of profit however‚ in 2001‚ after the firm’s accounting fraud went public‚ the company filed for bankruptcy. After Enron Scandal‚ in 2002‚ the Sarbanes-Oxley Act was passed to prevent potential financial fraud. This act regulate the accounting standard and especially its transparency‚ as follows. • All companies must have a majority of independent directors. • Independent
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The WorldCom Accounting Scandal WorldCom was started in Mississippi as a long distance telephone service provider in 1983 (Lyke and Jickling‚ 2). Over the next decade and a half‚ the company expanded to offer a whole range of telecommunication services through a series of mergers and acquisitions (Lyke and Jickling‚ 2). At its height‚ WorldCom was the largest long distance phone company in the United States and was one of the leading companies in the telecommunication market in the world‚ providing
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The Panama Canal‚ the way to cheat the Oceans. In 1914‚ when the Panama Canal was finished‚ it changed the world of shipping goods‚ affecting America in many ways. There were many steps taken in getting the Panama Canal to where it is today. In not only it’s economical state but‚ where it is on Earth. Many lives were given‚ and millions of dollars were spent to build the Canal. There was a lot of hope in the building of the Canal‚ but there was also a lot of hatred and uneasiness towards the Canal
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ethical decision making and offer cause for concern. Based on results of this study the scientists conclude that this very boost became the reason for engaging in unethical behavior in the first place in those puzzling instances when the reward for cheating itself is low. It is imperative that we develop our understanding of how emotions influence our moral behavior‚ how our moral behavior influences our emotions‚ and how people expect these relationships to work. I read the study and compared it
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“If you cheat on someone that is willing to do anything for you‚ you actually cheated yourself out of true loyalty” (Unknown). The Great Gatsby by F. Scott Fitzgerald is about how awful and gross cheating can become‚ and how you can easily get caught. Doing something behind someone’s back can severely backfire because of the horrid things that someone has done which is unacceptable. Gatsby had a relationship with Daisy before Tom and Daisy were together. They were in love until Daisy and Tom
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The club was originally founded as Thames Ironworks F.C. in 1895 and was later reformed‚ in 1900 as West Ham United. They initially competed in the Southern League and Western League before joining the full Football League in 1919 and enjoyed their first top flight season in 1923‚ featuring in the first FA Cup Final to be held at Wembley that year against Bolton Wanderers. The club have won the FA Cup three times: in 1964‚ 1975 and 1980. They have also been runners-up twice‚ in 1923 and 2006. In
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Deontology and the Categorical Imperative Applied to the Adelphia Communications Scandal In July of 2002‚ five officials of the Adelphia cable-television company were arrested on the charge of gross corporate fraud conducted by members of the Rigas family. The events which transpired during the Adelphia scandal were some of the most egregious to date with an estimated "$100 million‚ hiding more than $2 billion in debt the family incured‚ and lying to the public about Adelphia ’s operations and
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Steve Johnson 06-13-2011 The Rampart Scandal The Rampart Scandal is about a widespread corruption in the community resources against street hoodlums or better known as “CRASH” anti-gain unit of the LAPD Rampart division in the late 1990’s. More than 70 police officers in the CRASH unit were implicated in misconduct‚ making it one of the worst cases of documented police misconduct in US history. The convicted offenses include unprovoked shootings‚ unprovoked beatings‚ planting of evidence
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Interpersonal communication is the method of sharing messages amongst two or more people. The hit television series “Scandal” directed by Shonda Rhymes is an intense plot with a group of people (Nicknamed Gladiators) that help people clean up scandals. Many conflicts arise during each episode between multiple individuals. The conflicts involve a variety of different scenarios between Olivia Pope and her team as well as White House Officials. Olivia Pope has an history of working in the White House
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The Jerry Sandusky scandal involved his involvement with abusing young boys and men in 2010 (Crandall‚ Parnell‚ & Spillan‚ 2013). Since the trial and Sandusky’s conviction of 45 counts of child abuse in 2012‚ there has been more information about case. Since the 2012 trial‚ Sandusky requested for a new trial or for the dismissal of his charges‚ however‚ it was denied (Scolforo‚ 2017). Sandusky still says he is innocent and wrongly convicted. Joe Paterno‚ the Head Football Coach at Penn State during
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