[Case/Article Name]: The Enron Wars – Vanity Fair | The Watkins Memo | Questions: 1. Why do you think the whistleblowers we’ve encountered have all been women? The first reason I guess is women are more considering about emotions not about objective facts. Maybe a man won’t do anything he thinks it is wrong. He will refuse wrong things immediately. But women judge things by their own standards. For instance‚ if a woman likes the person who tells a woman to do something wrong based
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For as long as there have been companies and accounting standards there have been people who are trying to beat the system and divert some of the company’s profits and assets to their own pockets. In this report we will discuss an accounting scandal that surfaced in 2004 and it involved Hollinger International as well as Conrad Black who was the CEO at the time. History of Hollinger International Inc. The original Hollinger was discovered in 1909 by Benny Hollinger‚ it was a gold mine named Hollinger
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Yuri A. Batten Module 2 Case 2: HP Pretexting Scandal ETH501 TUI University Dr. Bonnie Adams Who is ever responsible for the wrong-doings of a corporation? Is it the person who actually commits the crime or the company that hired the person who committed the crime? In today’s world of finger pointing and blame shifting‚ anyone’s guess is as good as mine. Should Patricia Dunn‚ former chairwoman of Hewlett-Packard (HP)‚ have been forced to resign? In my mind the answer is yes‚ without
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Ms. Hardgrove Financial Accounting 5 November 2013 Xerox’s Accounting Scandal Xerox Corporation is a multinational American document management corporation which sells and produces a wide variety of color and black-and-white printers‚ multifunction systems‚ photo copiers‚ scanners‚ fax‚ digital production printing presses‚ and related consulting services and supplies. Overall any type of printing equipment‚ more specifically office equipment. It is currently headquartered in Norwalk‚ Connecticut
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Introduction The Adelphia Communications scandal occurred in March‚ 2002 when three of the original founding family members which included the father John Rigas‚ and two of his sons Michael and Timothy‚ along with two other company executives were arrested for improperly taking assets from the nation’s sixth-largest cable television company. The scam involved one of the biggest financial frauds faced by a publically held company. In the end stakeholders were forced to absorb massive losses as
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second trial — the first ended in mistrial after a juror said she received threats following reports that she made an “OK” signal to the defense team. Kozlowski and Swartz are the latest executives sentenced to prison in a wave of white-collar scandals that shook corporate America and outraged the public after thousands of people lost their jobs and pension
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reading through this section one situation that came to mind was all the issues at Penn State with Jerry Sandusky. Sandusky was convicted of multiple charges of sexual abuse during his time at the University and despite the University knowing that the scandal was going to take a turn for the worst‚ the decision was to stay quiet about it. The University stayed quiet for about eight months until they finally sought out help to get them out of the mess that was created by staying quiet. If anything a simple
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The Penn State Scandal impacted many areas of the organization. From the managers not doing their part to protect those who were being abused. As a manager if an incident is reported to you it is your responsibility to make sure that the proper authority is notified‚ or you should at least investigate for yourself to make sure that the information that is given to you is creditable. In the case of an eyewitness account as with McQueary he did the right thing by reporting what he saw to coach Paterno
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of Enron were the large number of highly complex accounting entries. For example energy traders were required to book all the projected profits from a supply contract in the quarter in which the deal is made. Such accounting procedures are inherently risky as they make assumptions about price forecasts which can drastically affect earnings. Another inherent risk factor is the frequency of related party transactions. The special purpose entities Enron was trading with were created by Enron and
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Problem: What can Enron do to salvage the Dabhol project and its ties to India? After nine years of an obvious debacle‚ it seems that Enron and the Indian government have reached a state of impasse‚ where a sustainable long term relationship cannot be achieved. Enron has chosen to terminate the agreement by offering to the Indian Prime Minister Enron’s 65% equity in DPC for US$1.2 billion and offshore debt for US$1.1 billion. o Various political parties have consistently used Enron as an issue to
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