John D Rockefeller of New York is best known today as one of the most successful businessman in American history. Like most successful figures in history‚ Rockefeller was not born into his fortune. Originally a New York native‚ young Rockefeller relocated to Cleveland‚ Ohio in the 1860s‚ where he soon became involved with the oil fields in western Pennsylvania. After spending some time in the business‚ Rockefeller decided that it was too risky and his talents would be better suited in the refining
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Worldcom was the second largest long distance phone company in the United States. The former CEO Bernard Ebbers was sentenced to twenty five years in prison due to increasing revenue the wrong way to increase earnings. This company had the largest bankruptcy filing in the United States. Today‚ the Worldcom accounting scandal is known as one of the worst corporate white collar crimes in history. What were some psychological factors that led to this crime? Financial Pressures from competitors
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The Great Recession‚ as some would call it‚ has affected myself and my family greatly. Before the stock market collapse in December on 2007‚ I never paid any attention to the stock market. I saw numbers going up and down on the news‚ but never understood the implications it truly would have. In 2006 my grandfather purchased a tool company in Dayton‚ the company had long term lucrative government contracts‚ all it needed was capital and it would run its self. My grandfather was a person who couldn’t
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The results of coal mining are destroying the environment. Regulators are trying their best to get coal mining companies to put money aside to clean up the devastating mess they have made‚ so that the tax payers do not have an outrageous $1 billion bill to pay. Many companies claim that their cleanup plans are well funded‚ but many believe this to be false because the demand for coal is low and many companies still remain bankrupt. The biggest problem is with the business Alpha Natural Resources
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Orange County Fire Authority is one of the biggest departments in southern California. It was founded as Orange County Fire Department in 1980 and declared bankruptcy in December 1994. Then three months later in March 1995‚ it reopened as Orange County Fire Authority with a new Fire Chief. It now has seventy-one fire stations‚ four helicopters‚ a wildland unit‚ and a hazmat unit. It has over one thousand full-time firefighters‚ two hundred reserve firefighters‚ covering twenty-three cities‚ and protecting
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In 1979‚ between the first and second years of his MBA program‚ O’Leary applied to a number of companies for a summer placement. Softkey products typically consisted of software for home audiences‚ especially compilation discs containing various games packaged in "Jewel-case" CD-ROMs. Due to this success‚ O’Leary abandoned his initial distribution strategy and turned to something more cost-effective; licensing software and marketing it under the SoftKey brand. O’Leary was an aggressive promoter of
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Enron “The Smartest Guys in the Room” The Enron: The smartest guys in the room it’s a documentary film based in an important and huge company that was involved in a huge scandal in the American history. The Enron Corporation when they first start was a successful company. In its beginning‚ Enron was a small company from Texas‚ after years Enron became in the seven largest business in the U.S. with a smarts an experts employees working for Enron. The founder was Ken Lay a smart executive. The company
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Eddie Antar‚ the CEO of the Crazy Eddie Discount Electronics Chain. In 1993 Eddie was convicted for an $80 million stock fraud and after that his business collapse. Before the company went public in 1984 Eddie and two brothers were accused of putting together a scheme and inflated the value of the company. In 1990 Mr. Antar was on the run because the government charged‚ off millions and they found him in June 1992 in Israel then they extradited back to the United States. When Antar was 45 years old
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In my heart I truly believe that Fastow is changing his view and trying to change his view on money the the wanter the power that comes with that. In the movie we see the over powered jerk of a guy that is patrolled to be Fastow. but after prison listening to his story an how he goes around to not only try and help the people that he destroyed but to tell kids to not make the same mistakes that he did. Shows to me that he understands what he did was wrong and that he wants to move on and do the right
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got his act together and changed his study habits. His new habits payed off‚ he started passing tests and got better grades on his report card. Being a first-generation and part of the working class‚ of course many people did not expect this from Kenneth Oldfield‚ especially a wealthy relative of one of his friends. This relative had said‚ “Oh Tom‚ I just don’t under-stand. If Ken Oldfield can get through college‚ anyone can.What’s wrong with you?!” about Oldfield after discovering that “Tom” had
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