Should companies that use professional athletes to endorse their products drop athletes who become involved in personal scandals? Case Study #1 Module Companies that use professional athlete have the right to use that endorsement at their discretion. This question is difficult to answer as a whole because there are so many factors that occur. When it comes to a contract or obligation the bylaws of such agreement can lend both parties to not fulfill the agreed terms. Most athletes are held to
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According to the title of the statement‚ scandals are useful in certain areas by calling our attention to some problems in ways that no speaker or reformer ever could. Undeniably‚ it is quite appealing staying at a normative position‚ and I consent insofar as scandals do have positive effect. Nevertheless‚ scandals can sometimes distract our attention from more important things and thus reflect their negative side. It’s true that the speaker’s assertion that scandals can be useful in politics‚ academia
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Impact of Unethical Behavior Article Analysis Over the past decade‚ numerous accounting scandals have been revealed. The impact of the unethical behavior exhibited in these scandals caused the companies that were affected to have a huge financial loss for the company as well as investors‚ collapse‚ or become in a financial crisis (Ashe and Nealy‚ 2010). The Sarbanes-Oxley Act of 2002 was passed “in an attempt to codify the ethical behavior of companies‚ their executives‚ and their management”
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and banks. As many corporate executive from companies such Enron‚ WorldCom‚ and Tyco‚ were implicated in unethical accounting practices during the late 1990’s and early 2000’s‚ executives from Adelphia Communication Corporations did not escape the trend. The executives and senior management at Adelphia entered into transactions that blurred the lines between the employees’ financial interests and those of the company. The company guaranteed over $2 billion of loans to Rigas family members that
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Briefly describe the Adelphia Communications scandal. Adelphia is a Delaware corporation headquartered in Coudersport‚ Pennsylvania. Adelphia owns‚ operates‚ and manages cable television systems and other related telecommunications businesses. Adelphia issues Class A shares of common stock‚ which are registered with the Commission pursuant to of the Exchange Act‚ and Class B shares of common stock‚ which have ten times the voting power of Class A shares and which have been held almost exclusively
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THE NATION’S NEWSPAPER BS2003-01b Collegiate Case Study Adelphia founder‚ 2 sons‚ 2 others arrested in fraud By David Lieberman and Greg Farrell www.usatodaycollege.com Accounting fraud Part II: The results “Creative accounting” is not a new technique‚ but it can certainly be a costly one. Businesses feel the pressure to appear profitable in order to attract investors and resources‚ but deceptive or fraudulent accounting practices often lead to drastic consequences. Are these so-called
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examples of companies who have used inappropriate accounting practices. Enron‚ WorldCom‚ Tyco‚ HealthSouth and Adelphia were selected for analysis because of the availability of information regarding specific events occured before‚ during and after the fraud period as well as the ethical issues involved . There is abundant literature presented on the Enron and WorldCom scandal. Tyco‚ Adelphia‚ and HealthSouth were selected to expand and support the information available in the WorldCom and Enron cases
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PAGE ONE Adelphia Founder And One Son Are Found Guilty Jury Remains Deadlocked On Second Son‚ Acquits Former Assistant Treasurer By PETER GRANT and CHRISTINE NUZUM Staff Reporters of THE WALL STREET JOURNAL July 9‚ 2004; Page A1 Notching another victory against the corporate excesses of the 1990s‚ prosecutors won criminal convictions against the father-and-son team of John and Timothy Rigas‚ former top executives at cable company Adelphia Communications Corp. However‚ they failed
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Carnley Module 1 Case Assignment ETH 501: Business Ethics Dr. Susan Gunn 24 January 2015 Introduction Adelphia Communications‚ one of the largest cable companies is the nation at its height‚ is now out of business as of 2006 due to several unethical decisions by the Rigas family. Any organization‚ if operated under unethical decision making to this extent‚ would be destined for failure and Adelphia Communications is no exception. The two main unethical actions underlined are untruthfulness and stealing
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and fast-moving organization. 2. Research on one financial scandal - The Adelphia Communications Corporation was marked as the fifth largest cable company in the United States before it filed for bankruptcy in April of 2002. Founded by John Rigas‚ Three Rigas family members (incuding John Rigas) and two other ex-executives have been arrested for fraud. The Rigas family collected $3.1 billion in off-balance-sheet loans backed by Adelphia and overstated the results by inflating capital expenses and
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