the company. b) Discuss the responsibility of i) the board of directors and ii) the audit firm‚ for the fall of Enron. The boards of directors are responsible for ensuring that firms management is acting in the best interest of the owners. The board could have taken several steps to improve corporate governance. In the reports following the fall of Enron the committees placed a good deal of blame on the board of directors and the audit committee. They could for example have • Prohibited
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. Over the time covered here‚ did Hewlett-Packards board of directors fulfill its duties to the company’s share owners? Explain how it met or did not meet basic duties. He did not fulfill his duties to the company. The board directors let a few influence their decisions. They did not take their decisions based solely on what was best for the company and their shareholders. It became a war between board members for control. 2. What different perspectives on the role of the board are revealed in
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dollars. Arcadian had drawn up the details regarding the deal‚ and Sierra’s managing director Rodney Chu had to analyze the deal and conclude what terms would be the most profitable for $1 billion. Sierra Capital Partners were considering a deal in which they would purchase 60% equity interest in Arcadian for $40 million dollars. Arcadian had drawn up the details regarding the deal‚ and Sierra’s managing director Rodney Chu had to analyze the deal and conclude what terms would be the most profitable
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CASE STUDY #5 (SHOULD COLLABORATE WITH #6) The Case of Bad News The new CEO of a corporation learns that he has inherited problems with growth and profitability. A four-day workweek and‚ eventually‚ layoffs prove necessary. Who is the CEO obligated to inform and when? By Gil Amelio Responding to a Business Downturn George Anderson was just a few months beyond his 40th birthday on the day he became CEO of Astratech Communications International (ACI). What an upper! He was still basking in
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Herman Miller Inc in 2012 Frank Shipper Salisbury University Steven B. Adams Salisbury University Karen Manz Author and Researcher Charles C. Manz University of Massachusetts Herman Miller was widely recognized as the leader in the office furniture industry and had built a reputation for innovation in products and processes since D. J. De Pree became president over 90 years ago. Herman Miller was one of only four companies and the only non-high-technology enterprise named to Fortune’s "Most Admired
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1. Who audited Polaris’s financial statements for the year ended December 31‚ 2009? When was the independent auditor’s report signed? Answer: Management’s internal control over financial reporting as of December 31‚ 2009 has been audited by Ernst & Young LLP. The independent auditor’s report was signed at March 1‚ 2010. Source: 2009 Annual Report for Polaris Industries‚ pages 40 and 72‚ respectively. 2. What dollar amount for net income was reported for the 2009 year? By what dollar amount
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The Treadway Tire Company Brief Case Analysis Consuela Jack EDD 8100 Foundations of Educational Leadership and Management 101 Laurel Springs Dr. McDonough‚ GA 30253 Telephone: (404) 944-1186 Email: consuelajack@att.net Instructor: Dan Wait‚ Ed.D Introduction The Treadway Tire Company: Job Dissatisfaction and High Turnover at the Lima Tire Plant is a brief case written by co-authors Skinner and Beckham. The case generally pertains to issues dealing with morale problems and high
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BARILLO CASE In 1987 Brando Vitali‚ then Barilla’s director of logistics‚ had expressed strong feelings about finding an alternative approach to order fulfillment. At that time‚ he noted‚ "Both manufacturers and retailers are suffering from thinning margins; we must find a way to take costs out of our distribution channel without compromising service." Vitali was seen as a visionary whose ideas stretched beyond the day-today details of a logistics organization. He envisioned an approach that would
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taxicabs operating on Manhattan streets in 1909. By March 1910‚ the Connecticut Cab Co. (essentially the directors of New Departure Manufacturing Co.) assumed operating control of Wyckoff‚ Church and Partridge’s taxis. The ’Yellow Taxicab Co.’ was incorporated in New York on April 4‚ 1912. Its fares that year started at 50¢/mile (equivalent to $11.44 in 2011 adjusted for inflation). Among its directors and major stockholders were Albert F. Rockwell and the Connecticut Cab Co Shortly after incorporation
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Additional Cases for the Course The case readings have been developed solely as a basis for class discussion. The case readings are not intended to serve as a source of primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply
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