11/18/2014 3 B. Ramalinga Raju‚ January 7th 2009 "It was like riding a tiger‚ not knowing how to get off without being eaten" 11/18/2014 4 Overview: Targe t is n o t achi lets a eved dd Rs . the re 5 venue 00bln to the ta t rget f o achieve o r co m pany Accounting Fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company’s profit performance appear better than it actually is. 11/18/2014 5 Agency Conflict in Satyam • Ramalinga
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Management Scandal in 1998. They reported 1.7 billion in fake earnings by increasing the length of depreciation time for property‚ plant and equipment on the balance Page 2 sheets. The fraud was detected when a new CEO was brought in and the new management team went through the books. Motivation seems to be that this publicly traded company needed to keep stock prices up to keep investors and shareholders happy. Incentive‚ opportunity and rationalization are all at play here. The Enron Scandal in 2001
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The television Scandal is an American political series staring Kerry Washington. The show was created by Shonda Rhimes and premiered on ABC in 2012. Kerry Washington plays Olivia Pope who has a crisis management firm in Washington‚ D.C. The show revolves around Olivia Pope & Associates‚ and its staff‚ as well as staff at the White House‚ which includes President Fitzgerald Grant III‚ Chief of Staff Cyrus Beene‚ and the First Lady Mellie Grant. The show is partially based on former George H.W. Bush
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change in overall management. * Scrushy was also nailed for not returning a $25 million loan he had received as an executive stock-purchase plan on time‚ and eventually paid it in stocks instead of cash like it was planned. * A lot of the scandal had to do with Scrushy’s need for self-affirmation and lead the company as if he was the king of an
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On the morning of June 17th‚ 1972‚ burglars charged with attempted robbery and attempting to bug phone lines were arrested in the offices of the Democratic National Committee. This robbery began one of the most infamous scandals‚ later to be named “The Watergate Scandal”‚ in American history‚ and put the president himself under the microscope of the law. The Supreme Court tried the case against President Nixon and his seven aides who helped him cover up the conspiracy. After Nixon’s refusal to give
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Located on the Potomac River in Washington‚ D.C. it contains many hotel rooms and offices. What happened in the complex on June 17‚ 1972 early in the morning became a very historical event for our nation that no one will ever forget. The "Watergate Scandal and constitutional crisis that began on June 17‚ 1972 with the arrest of five burglars who broke into the Democratic National Committee (DMC) headquarters at the Watergate office building in Washington D.C. It ended with the registration of President
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developing nations for sale to adoptive families in rich nations. SCANDOLOUS ANDHRA PRADESH This essay uses the recurrent adoption scandals in Andhra Pradesh‚ India‚ as a case study of these two faces of inter country adoption. The Andhra Pradesh adoption scandals are significant in several ways. The United States and India have documented a cyclic series of adoption scandals from the South Indian state of Andhra Pradesh ‚ particularly between the period of 1995-2001. Several orphanages in that area systematically
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The practice of co-sleeping has succeeded throughout human evolution and has continued over the years of our civilization despite controversy and the liability of infant deaths. Over the last couple of decades co-sleeping has become a major debate amongst parents in the United States‚ but I believe that pediatricians and parent educators should encourage co-sleeping with children. There has been a lot of disagreement between the benefits and risks associated with infant/parent co-sleeping. Advocates
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controversial areas of concern being co-sleeping with infants. There’s many perspectives of co-sleeping with an infant‚ ranging from professional healthcare providers and sleep-deprived parents wishing to catch some extra “z’s” during the night. Many healthcare professionals are urging parents to immediately stop co-sleeping‚ or to not even begin the co-sleeping process once the infant arrives home from the hospital. The many debatable points that are brought about when discussing co-sleeping with an infant are
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The ancient Greek philosopher‚ Plato‚ said that Co-education creates a feeling of comradeship. He advocated teaching of both the male and female sexes in the same institution without showing any discrimination in imparting education. ’A strong reason for co-education is that separating children for a number of years means they will not be mixing and learning about each other.’ - Professor Simon Baron-Cohen‚ Professor of Developmental Psychopathology at the University of Cambridge and Fellow at
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