9-104-071 REV: SEPTEMBER 14‚ 2007 ROBERT S. KAPLAN DAVID KIRON Accounting Fraud at WorldCom WorldCom could not have failed as a result of the actions of a limited number of individuals. Rather‚ there was a broad breakdown of the system of internal controls‚ corporate governance and individual responsibility‚ all of which worked together to create a culture in which few persons took responsibility until it was too late. — Richard Thornburgh‚ former U.S. attorney general1 On July 21‚ 2002
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Question 2 Not yet answered Marked out of 3.00 Flag question Question text Your introductory sociology professor believes that gender roles serve a purpose in society to fulfill certain functions. What type of theoretical background is your professor espousing? Select one: a. conflict b. postmodern c. structuration d. structural functionalism Question 3 Not yet answered Marked out of 3.00 Flag question Question text Which of the following
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Enron: The Smartest Guys in the Room Enron Corporation was an energy‚ commodities‚ and service company out of Houston‚ Texas founded by Kenneth Lay in 1985. Lay built natural gas power energy in East Texas which helped Enron’s stock rise. Louis Borget‚ Andrew Fastow‚ and Jeffery Skilling were the top management executives from 1985 until 2001. Each helped to bring about the demise of the company in multiple ways. One of the first scandals in Enron involved President Louis Borget and two traders
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Gadsden Flag Like never before in our recent history‚ the Gadsden Flag has been restored and we see it like never before flown defiantly and proudly. It wasn’t that old when a great many people had never known about it‚ substantially less acknowledged what a profound piece of our country’s history is fixed to it. On the other hand‚ with the recent gigantic development of government‚ the exceeding powers that have encroached on our freedoms and flexibilities (BOARD‚ 1973)‚ and the birth of the Tea
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Memories of Flags and of Our Fathers In James Bradley’s bestselling book Flags Of Our Fathers‚ Bradley pays homage to his late father John Henry Bradley. John (also nicknamed “Jack” and “Doc”)‚ was one of six men who raised the American Flag on top of Mount Suribachi during World War II. Mount Suribachi was located upon the small island of Iwo Jima‚ Japan. The photo of these heroic flagraisers quickly “became the most recognized‚ the most reproduced‚ in the history of photography
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Parmalat Finanziara‚ the Italian dairy and food giant‚ is fast joining Enron and WorldCom as a household name for corporate scandal. The alleged financial fraud at Parmalat spans more than a decade and involves sums whose estimates have ballooned from EUR 4 billion to more than EUR 8 billion. Founder‚ chairman‚ and chief executive Calisto Tanzi has been ousted from the company and board and is under arrest. Enrico Bondi‚ who replaced Tanzi in December‚ has been given new authority to act as sole
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| Other available formats: Abstract Full Text - PDF (90 K) Credit card fraud: awareness and prevention Katherine J. Barker‚ Jackie D’Amato‚ Paul Sheridon. Journal of Financial Crime. London: 2008. Vol. 15‚ Iss. 4; pg. 398 Abstract (Summary) To make readers aware of the pervasiveness of credit card fraud and how it affects credit card companies‚ merchants and consumers. A range of recent publications in journals and information from internet
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Flags of Our Fathers This story is about six ordinary boys. The boys were known as heroes but that didn’t want to be called heroes. They want to be known as normal people that fought in the war. Their names were Ira Hayes‚ Franklin Sousley‚ Jack Bradley‚ Harlon Block‚ Mike Strank‚ and Rene Gagnon. These men raised the Flag on Mount Suribachi. These men are so famous they wrote a book about them and made a movie about them. The life they lived was like any other person except for the part about
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In October of 2001 the Enron scandal was revealed‚ which led to their bankruptcy. It was the biggest bankruptcy reorganization in American history at that time. In the movie Jeff Skilling suggest that money is the only thing that motivates people‚ and I agree with him. Money might not directly motivate everybody but it plays a part in everybody’s motivation. Money is the reason people stay in school longer than required‚ the reason people work‚ and the reason why people get out of bed in the morning
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Settled a shareholder class-action suit for $457 million. SEC fined ArthurAndersen $7 million. Fun fact: After the scandal‚ new CEO A. Maurice Meyers set up an anonymous company hotline where employees could report dishonest or improper behavior. Enron Scandal (2001) Company: Houston-based commodities‚ energy and service corporation What happened: Shareholders lost $74 billion‚ thousands of employees and investors lost their retirement accounts‚ and many employees lost their jobs. Main players: CEO
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