Sean Russi The Case of Phar-Mor Inc ACCT-525 October 31‚ 2012 Case Summary The case of Phar-Mor Inc was one of the biggest pre-Enron frauds that have been uncovered. Phar-Mor Inc established in 1982 Phar-Mor was a small little known discount drugstore. Phar-Mor became well known for offering medications at a 25-40% discount rate compared to your normal pharmacy store prices. Phar-Mor’s first six years of existence seemingly were
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Ethical Behavior Analysis of Bernie Madoff & Enron Ethics‚ ethical values‚ and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals‚ obtaining employees who possess personal ethical values‚ and finally to behave ethically and with sensitivity toward social‚ cultural‚ economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should
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Principal Baggins Anytown High School Anytown‚ Connecticut Dear Principal Baggins‚ First and foremost I would like to say that I sympathize with your situation. It is a challenging one on a good day! On one hand‚ you have a dedicated‚ hard-working‚ deserving individual that has made a mistake that may affect all of the strenuous efforts she has put forth throughout her school years. Albeit only one mistake‚ it is a considerable one. On the other hand‚ you have another student equally dedicated
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Levinson‚ features Robert De Niro as a political spin doctor named Conrad Bread who is attempting to cover up a scandal concerning the President. After being accused of Molesting a “Firefly Girl” in the Oval office‚ a White House aide named Winifred Aimes‚ played by Anne Heche‚ brings Brean to a secret meeting in an underground bunker. To distract the press from the Firefly Girl sex scandal‚ he advises extending a presidential trip to Asia‚ while issuing official denials that the new B-3 bomber is being
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RECOMMENDATION 1) CORPORATE CULTURE Corporate culture and ethics are very important source to sustain positive working environment in an organization. Based on the pattern that caused the fraud‚ the management style of HealthSouth is clearly practice very authoritative which the reason for Richard orders fulfilled dutifully in order to partake in the fraudulent schemes. It’s clearly stated that the company not practicing a strong code of ethics. It has been proved that an effective antifraud
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the main issue at hand: The company has paid £8.6m in corporation tax in its 14 years of trading in the UK and nothing in the last three years‚ despite UK sales of nearly £400m in 2011. only paid £8.5m in corporation tax since it launched in Britain in 1998 despite sales of £3bn‚ starbucks has reported a taxable profit only once in its 15 years of operating in the UK‚ often posting losses‚but on the other hand it reported profitability and good perfomance to its investors. corporation tax in the
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Luciano’s luck did eventually run out. In May of 1936‚ he and eight members of his vice racket were brought in for facilitating prostitution. The evidence against Luciano wasn’t strong‚ as he had no ties to prostitution‚ but during the trial he was disastrously cross-examined by Dewey ("Charles “Lucky” Luciano"‚ 2009). Dewey questioned Luciano for four hours‚ and one of the questions asked was how Luciano lived so well on a reported income of $22‚500. Luciano’s actual take was about $10 million.
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Austin Holley Mr. Dilley 9/16/15 J.P. Morgan If I asked the class who J.P. Morgan was‚ the room would go silent? However‚ if I were to ask them if they knew what the company Chase or Chase Bank did‚ they would be able to tell me and say they’ve heard of it. J.P. Morgan Chase is the parent company of Chase Bank. J.P. Morgan inspired one of the biggest banks and created one of the largest insurance holding firms in the country and it has been that way for about 120 years. John Pierpont Morgan was
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The Tweed Ring began when William Tweed started his ascent to impact in the late 1840s as a volunteer firefighter in New York City. From this ominous starting‚ Tweed figured out how to fabricate a force base in his ward. He served as a magistrate in 1852-53 and after that was chosen for a term in the U.S. Place of Representatives‚ 1853-55. State and neighborhood undertakings were his prime concern and he stayed dynamic in Tammany Hall‚ the hierarchical power of the Democratic Party in New York. Tweed
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Adelphia Cable Bruce Dawson Principles of Management Mgmt.230 "Adelphia is one of the nation’s leading cable companies with more than 5.3 million residential customers nationwide. In addition to cable entertainment Adelphia offers digital cable‚ high-speed internet access‚ long distance telephone service‚ and home security" (Adelphia). The leadership of this company currently consists of 18 officers. One officer for each of the five regions Adelphia covers. One officer in each of the
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