Ramalinga Raju The man behind the rise and fall of SATYAM’s success Presented By: 11/18/2014 Students of MSc. Financial and Managerial Accounting • Sonia Saher • Mohammad Waqas • Lu Tran Diem Trinh • Xin Wang 2 Roadmap: Introduction to Satyam and agency conflict overview Stakeholders at Satyam (presenter M. Waqas) Inadequacy in Satyam’s Corporate Governance (Presenter Trinh) Suggestions to save Satyam ship (Presenter Xin) Questions will be entertained at the end 11/18/2014
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The Accounting Scandal Enron Corp. Collapse and WorldCom Accounting Scandal 11/18/2020 The Enron Corp. collapse Formed in 1985 from a merger of Houston Natural Gas and Inter-north‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial
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University of North Carolina Academic Scandal Many colleges are known for their prestigious academics or sports teams; University of North Carolina was known for both. Five years ago a sandal arose that changed the University of North Carolina reputation immensely. A report came out that said the university was offering courses that were so incredibly easy that students were allowed to pass with flying colors without even showing up to class or turning anything in. In the article by CNN‚ “UNC report
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ADELPHIA COMMUNICATIONS SCANDAL REVEALED ________________________________________ The Adelphia Communications Scandal Created Controversy. The Fraudster Got Sympathy From the Judge and Received a Light Sentence for Stealing From Old Folks. ________________________________________ The Adelphia Communications scandal broke in 2002 when a footnote in a routine quarterly earnings statement revealed that the Rigas family had borrowed more than $2 billion from the company. But they didn’t pay it back
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crime‚ steps that were crucial to his presidency. Nixon may not have planned the scandal‚ nor was he even a part of the burglary‚ but he did many things to make it seem like he had no idea that any of the scandal had occurred. Nixon was eventually caught and it impacted him and the government immensely. On June 17‚ 1972 several men were arrested for the break in of the Watergate Office in Washington‚ D.C. The scandal was eventually led back to the White House‚ where Richard Nixon was president.
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Richard Nixon was the 37th President of the United States. He was the first president in the United States visit China. He also became the only president to resign the office due to the Watergate scandal which was a serious political scandal that occurred in June 17‚ 1972. Watergate scandal occurred when five burglars who working for Nixon’s re-election campaign were arrested inside the office of the Democratic National Committee (DNC)‚ located in the Watergate complex in Washington‚ D.C. They were
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In history‚ the American Government has their fair share of scandals; these scandals may include corruption within the American Government‚ or even more personal as a sex scandal. Scandals can be a wide variety of different things. Ari Adut‚ a professor in the sociology department at University of Texas at Austin‚ describes how he perceives scandal in his book On Scandal. Adut explains his definition of scandal as‚ Scandal is a polysemic word. A real‚ apparent or alleged but significant transgression
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The Anthony Weiner Scandal Many people in today’s world would do just about anything to rise to power. Weather it’s doing drugs‚or sabotaging and trying to make people think you’re the good guy. Other people use their power for their own selfish gain and in turn they think they can do just about anything they want. People like this are corrupted in their own twisted way and they can corrupt the people around them. Corruption in it’s highest form is dishonest and sometimes people don’t understand
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An example of the Ford Pinto scandal‚ where organizational leaders mad bad decisions are related to the Ford Pinto catching fire when involved in a rear-end crash where a defect in design or manufacturing could lead to death or serious bodily harm. Ford had access to a new design which would decrease the possibility of the Ford Pinto from exploding‚ the company chose not to implement the design‚ which would have cost $11 per car‚ even though it had done an analysis showing that the new design would
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Nakayama: What do you think are the most important lessons to be learned from the Enron scandal? Hanson: The Enron scandal is the most significant corporate collapse in the United States since the failure of many savings and loan banks during the 1980s. This scandal demonstrates the need for significant reforms in accounting and corporate governance in the United States‚ as well as for a close look at the ethical quality of the culture of business generally and of business corporations in the United
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