management during their times of trouble. According to James and Wooten (2005)‚ organizational crises can be classified into two types: sudden (such as natural disasters‚ sabotage‚ hostile takeover‚ technology disruption) and smoldering (such as rumors/scandals‚ mismanagement‚ workplace safety‚ class action lawsuits). Because sudden crises are often seen as out of the control of people’s hands‚ the public is often sympathetic and understanding of a company’s reaction to this type of event. Smoldering crises
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Andersen‚ LLP Abstract Enron was a natural gas company that was formed in 1985 by Kenneth Lay. By 1992‚ Enron was the largest selling company of natural gas in North America. In October 2001 a scandal involving Enron was emerging. This scandal led to the fall of the company. The Enron case and many others cases led to the collapse of other companies that did business with them which included one of the largest accounting firms in Chicago; the accounting firm of
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Corporate Transparency vs. Business Performance Throughout history‚ mankind has had innumerable moments of corruption and greed. From the City-State wars in ancient Greece to the organized crime during the prohibition‚ human beings have always been prey to the desires of wealth and power. While our current society may seem civilized compared to those eras‚ the shallow traits which haunted mankind then are still in play in today’s society. There are always going to be people looking for a way to
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Oral Communications Dr. B July 16th‚ 2013 Lewinsky Scandal Speech Outline SPS: I’m here speaking with you today to evaluate and showcase how scandals can affect a public figures’ image and reputation. CI: Affairs‚ witness tampering‚ and obstruction of justice are just a few things we’re going to touch base on today. Introduction: I. When you think of the president of the United States many things come to mind however is all boils down to suits‚ ties‚ and 2.5 kids. The picture perfect all-American
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Parmalat accounting scandal Which factors were relevant in the Parmalat scandal? Describe the causes and consequences of the scandal. Parmalat scandal is one of biggest fraud in the world‚ for years the company can eluded responsibilities with financial analysts and investors but was in December 2003 when Parmalat went bankrupt. In this summary it can appreciate the most significant events: In 1990‚ Parmalat started buying milk producers around the world‚ in order to hide a huge debt
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Essay 7 Nixon’s Future In 50 Years Richard Nixon has been known for his Watergate scandal and never known for his accomplishments. He was the first president and Vice President to ever meet with Soviet Union‚ not only that but when no other President or Vice President were able to. He also started the Environmental Protection Agency. Not only that he also gave 18 yr olds the right to vote and ended the draft. Most importantly he ended the Vietnam War‚ depending how you look at it. He did many
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In organizational behavioral theory‚ it is clear that in the Enron scandal‚ one can understand the elements that encourage white collar crime. Organizational crime has three categories‚ (1) organizational goals (2) organizational environment (3) and organizational structure (Weisburd‚ D. 1992) Clearly in Enron scandal‚ opportunity theory will argue that traders who had a hard time meeting its numbers will had a greater chance of utilizing illegal means to meet its goal. (P.65) I thought that the
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Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies
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emotional and physical ramifications of the war. Men and women who have served in the Vietnam War suffer from PTSD and other psychological disorders such as‚ depression‚ anxiety‚ and alcohol problems (U.S. Department of Veterans Affairs). The Watergate Scandal and the Vietnam War lead to the War Power Acts which prohibits a President to send American troops into battle with consent from Congress. Voting age was reduced from 21 to 18 years old; and the military draft was based on a voluntary basis. The war
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We should not be too much or less. A lot of money that come fast also can be gone fast also. Be careful before spend money or invest for something. Get the lower chance but more stable is better. 2. What is the relationship between the financial scandals and Corporate Governance? Corporate Governance is a system of rules‚ practices and processes by which a company is directed and controlled‚ which involves the alignment of interests among the stakeholders. After the early 2000s‚ the massive
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