In 1897 John K. Stewart and Thomas Clark incorporated their Chicago Flexible Shaft Company‚ which made horse trimming and sheep shearing machinery.[4] In 1910 the company produced its first Sunbeam branded household appliance‚ the Princess Electric Iron. The company did not officially change its name to Sunbeam until 1946.[5] In 1928‚ the company’s head designer‚ Swedish immigrant Ivar Jepson‚ invented the Mixmaster mixer. Introduced in 1930‚ it was the first mechanical mixer with two detachable
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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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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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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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OTTAWA UNIVERSITY FINANCE ADMINISTRATION POST-CLASS ASSIGNMENT MODULE 5 FAHRIAN C.H. CHOE STUDENT ID: 128370 MELAKA # 03 DUE: JULY 5‚ 2004 FINAL CASE IN FINANCIAL DECISION MAKING SUNBEAM CORPORATION AND CHAINSAW AL Prepared For Richard Brewington Instructor Ottawa University International Prepared by Fahrian C.H. Choe Student Ottawa University International June 30th‚ 2004 CONTENTS
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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idea of the different investment‚ financing‚ and dividend decisions made by that particular firm. When it comes to the Sunbeam case‚ I think that in the beginning‚ June of 1996‚ Albert Dunlap definitely succeeded in maximizing shareholders’ wealth. It seems to me that he was more of a short term guy‚ considering that in the long run everything ended up backfiring. Sunbeam used a sketchy approach when it came to their accounting practices‚ and in turn the company was able to report higher revenue
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WHO ARE YOUR STAKEHOLDERS? WHAT ARE YOUR RESPONSIBILITIES TOWARDS EACH OF THE STAKEHOLDERS? Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business Most businesses have a variety of stakeholder groups which can be broadly categorised as follows: Stakeholder groups vary both in terms of their interest in the business activities and also their power to influence business decisions. Here is a useful summary: Stakeholder Main Interests
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Steps in Identifying Stakeholders Identifying all of a firm’s stakeholders can be a daunting task. In fact‚ as we will note again shortly‚ a list of stakeholders that is too long actually may reduce the effectiveness of this important tool by overwhelming decision makers with too much information. To simplify the process‚ we suggest that you start by identifying groups that fall into one of four categories: organizational‚ capital market‚ product market‚ and social. Let’s take a closer look at
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Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
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