1. The changes made by Al Dunlap gave him the ability to gain stronger control over the future of Sunbeam. His goal was to double revenue and dramatically improve operating margins‚ and he put in place a number of measures to achieve it. Let’s analyze each of these measures individually: a) Replacing Senior Management team: Dunlap fired the entire existing Senior Management team and brought on people from his previous company‚ Scott Paper. Given their history of working together closely‚ this
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1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? Following are the changes that Al Dunlap initiated after being hired by Sunbeam Inc and the probable opportunities that Dunlap used to manage earnings: Fired the existing set of senior managers of Sunbeam and appointed his close friends and lieutenants in those positions. Opportunity: Picked a close set of
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Business Case Studies – January/February 2010 Volume 6‚ Number 1 Sunbeam Corporation: A Forensic Analysis Patricia Hatfield‚ Ph.D.‚ Bradley University‚ USA Shelly Webb‚ Ph. D.‚ Xavier University‚ USA ABSTRACT The members of the Board of Directors at Sunbeam were completely bewildered. Al Dunlap‚ Sunbeam’s highly successful but controversial CEO was threatening to resign after almost two years of leading Sunbeam successfully out of a slump that had threatened the long-term viability
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Sunbeam was a company originated in Chicago started off with manufacturing electrical appliances in 1910. Over 50 years‚ Sunbeam had produced different products from a food mixer to an electric blanket. The company acquired their rivalry company- Oster Company in 1960. However‚ the company turned over into different hands. In 1981‚ Sunbeam was acquired by Allegheny International‚ but it went bankruptcy 7 years later. Paul Kazarian and two other partners bought Sunbeam company from Allegheny International’s
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3 Restructures in Sunbeam 3 Turnaround at Sunbeam 5 Accounting Practices at Sunbeam Corporation 5 Accusations 5 Key Players in Sunbeam’s Scandal 6 Unethical Behaviours 7 Ethical Analysis 7 Stakeholder Theory 7 Deontological Theory 7 Shareholder Theory 7 Utilitarianism Theory 7 Reference 9 Executive Summary This report is based on Sunbeam Corporation and Albert Dunlap
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Analysis Company Sunbeam has offered innovative products to household families for over 100 years and is a publicly traded company. In 1910 Sunbeam introduced their first iron. In 1930 Sunbeam introduced the Mixmaster stand mixer. The mix master stand mixer became the single most popular small kitchen appliance in the country. In 1998‚ the US Postal Service dedicated a stamp in honor of the famous Mixmaster as one of the country’s greatest innovations. Sunbeam has been known for these and
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is not an instrument of shareholders‚ but a coalition between various resource suppliers‚ with the intention of increasing their common wealth and hence is contradictory to Mr Al Dunlaps view of share holder primancy. Through out his tenure at Sunbeam‚Al Dunlap’s advocated profit by firing many employees and shutting down many factories.If we look at it in the short term ‚this approach seems very attractive as it brings in quick short term gains.In the long term ‚however‚ such a decision would
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Sunbeam Case 1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? 2. Focus on the allegations made by Barron’s about Sunbeam’s accounting. Do you find any red flags that may support these allegations by looking at the "as reported" financials of Sunbeam? 3. Compare the "as reported" and "restated" financials of Sunbeam. Do you see any evidence supporting the
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DEPARTMENT OF ACCOUNTANCY UNIVERSITY OF ILLINOIS MEMORANDUM DATE: September 14‚ 2011 SUBJECT: Al Dunlap at Sunbeam analysis Introduction This memo will reflect on and analyze the decisions of the Sunbeam Board of Directors during Albert Dunlap’s tenure as CEO. This analysis will include an overview of Sunbeam’s goals‚ evaluation of 1996 – 1997 and 1998 compensation package‚ assessment of the firing decision by BOD and the overall governance of the BOD. Sunbeam’s Goals Dunlap is famous
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business environment. Trends observed indicate a need for increasing secure management. Review of scholarly journals‚ industry publications and text books were performed to gather data. Findings support that implementation of fraud reporting mechanisms assist in detecting fraud. Abstract 3 Introduction 4 What is Password Hashing? 4 Defined 4 Hashing Methodologies 5 How Password Hashing is Used 6 Add SALT for Taste? 7 Who Should Care and Why Hashing is Important 8 Individual Users
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