Crooked CEO gets 50 years jail In 2013‚ the founder of Peregrine Financial Group Inc. sentenced 50 years jail for stealing $250 million from investors and hiding his theft around 20 years. The U.S. Attorney Sean R. Berry of the Northern District of Iowa states that‚ for years seemed Russell Wasendorf‚ Sr. was a successful CEO of his own brokerage and respected member of his company‚ supporting local charity‚ and creating jobs. But in reality‚ “he was a con man who built a building on smoke and mirrors”
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Some of the reasons for the Red Cross ethical dilemmas come from their executive turnover rate. The frequent turnover rate of CEOs has greatly weakened the organization’s ability to put controls into place. The President and CEO during the 9/11 attack‚ Bernadine Hartley was forced to resign due to mismanagement of response time. President and CEO Mark Evans was fired after the handling of Hurricane Katrina. During a brief time in 2007 when Mark Everson was President and CEO‚ he resigned due to
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The effects that organizational structure and compensation had on the ethical behavior of American Red Cross Executives‚ is that ARC was being charged of overcompensation of executives‚ as well as corruption among its board of executives. The frequent executive turnover and missuses of funds has weakened the organization. The organization has had years and years of underinvestment in telecommunication and technology‚ which hinders the organization from handling issues in a timely manner. The
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The film‚ "The Machines that Changed the World"‚ was not only extremely enlightening‚ but also surprisingly intriguing. Although the video provided abundant information‚ I will only touch on the most imperative aspects. World War II was a time of rockets‚ atomic bombs‚ and ENIAC. ENIAC which stands for Electronic Numerical Integrator and Computer was created by John Presper Eckert and John Mauchly in 1946. ENIAC’s initial purpose was to calculate biolistic tables of guns for the war. Unfortunately
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2-nd term Topics for the credit Globalisation: 1. Discuss the impact of globalisation up to now on the world. 2. Discuss the impact of globalisation up to now on your country. 3. Discuss the impact of globalisation on your own life. 4. How is the internet changing our life? 5. Categories of non-verbal communication. 6. Body language speaks louder than words. 7. Cultural conflicts: communication and culture‚ ethnocentrism‚ stereotypes and prejudice. 8. In your opinion‚ what area of culture creates
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Would someone give up several thousand dollars just for the public entertainment? Well that is what Herbert Stempel did in the 1994 film‚ Quiz Show. The contestant was manipulated into his actions by the producer because he was peer pressured by the producers‚ he felt obligated to keep the general public happy‚ and he also had to maintain his public figure because of he was known as one of the smartest men in the world. In the 40’s‚ quiz shows were a huge hit for public. I mean that was really all
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Ruby slippers‚ witches‚ munchkins‚ a talking lion‚ tin man‚ and scarecrow; all things that come to mind to people around the world when they hear the iconic phrase‚ “There’s no place like home.” The Wizard of Oz is one of the most beloved movies of all time‚ touching the hearts of families throughout generations. But how did it become such a cultural phenomenon? The original book‚ making of the movie‚ and the major impact of it during World War 2 all bring together this iconic film. It all started
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In a research paper of Al Dunlap by Anthony DiPrimio‚ explains that in fact‚ Dunlap’s initial success had something to do with his downfall. There are however‚ some other managerial mistakes that he committed‚ that finally terminated his CEO career. The author mentions that he went to work at Luly-Tulip paper cup manufacturer. As a manager he was part of a “restructuring project he was responsible for a layoff of 20 percent of the workforce”. Although‚ he demonstrated disrespect for his fellow
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The government should break up Standard Oil’s monopoly. In 1870‚ John D. Rockefeller started his Oil corporation in Ohio. They had about 10‚000 shares. Him and‚ William Rockefeller‚ who was his brother‚ Henry Flagler‚ chemist Samuel Andrews‚ silent partner Stephen V. Harkness‚ and Oliver Burr Jennings all partnered up to make this company become one of the first and biggests around. Then about 37 stockholders decided to put their shares into trust with an organization called the trustees. This system
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ENRON The Enron scandal was a financial scandal that was revealed in late 2001. After a series of discoveries involving irregular accounting procedures which could be turned in as fraud‚ went on throughout the 1990s‚ involving Enron and its accounting firm Arthur Andersen. Enron stood at the verge of falling into the largest bankruptcy in history by mid-November 2001. An attempt by a smaller energy company‚ Dynegy‚ was not feasible. Enron filed for bankruptcy on December 2‚ 2001. As the scandal
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