West Indies Yacht Club Resort: When Cultures Collide Jeffrey P. Shay University of Montana In early December 1994‚ Patrick Dowd‚ a 30-year-old management consultant‚ stared out his office window at the snowy Ithaca‚ New York‚ landscape. Dowd reflected on his recent phone conversation with Jim Johnson‚ general manager of the 95-room West Indies Yacht Club Resort (WIYCR)‚ located in the British Virgin Islands. Johnson sounded desperate to pull the resort out of its apparent tailspin and noted
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The accounting scandal at Enron which occurred early during the last decade involved the manipulation of accounting rules in order to enrich the company’s executive leadership. Hence‚ while accounting techniques facilitated the Enron scandal it is more of a tale that is related to the hubris of the firm’s top executives and their deep-seated greed. Evidence that hubris and greed was more of the driving force than the actual manipulation of accounting rules for the Enron scandal is evident in the
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I love to cook‚ so finding and trying out a new recipe for me is great. When I have the time‚ I love to watch cooking shows on TV‚ so what comes to mind for me‚ is the Martha Stewart scandal in 2004. In 2001‚ Martha Stewart had received an inside tip from her stockbroker that her stock‚ ImClone Systems was going to fall‚ so she sold her almost 4‚000 shares in the company to avoid an almost $46‚000 loss‚ the next day the stock fell 16%. Over the next few months‚ Martha’s activies were being investigated
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Kung INDIVIDUAL REPORT National Branding and Corporate Scandals [pic][pic] [pic] [pic] By George MANG Student Number: 53002615 City University of Hong Kong Year 2012 Table of Contents 1. Introduction…………………………………………………………………… 3 2. China National Brand Building and “Soft Power”………………………..... 4 3. From Manufacturing Factory to Research and Development Centre……... 5 4. China’s Counterfeit Merchandise and Food Scandals……………………… 6 5. China’s Financial Markets Bottleneck………………………………………
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title when compared to his predecessor Lyndon B. Johnson because of the Watergate scandal‚ violation of international law‚ and attempt at wage and price controls. The Watergate Scandal was an act by President Nixon‚ that caused him to become the infamous president he was known as. The Watergate Scandal was a burglary that occurred in June 17‚ 1972 and was organized by none other than President Nixon himself. The scandal caused a great deal of uncertainty in America as no one wanted to believe that the
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to the trading of energy related financial products such as derivatives. Enron looked like a great company that makes a lot of profit however‚ in 2001‚ after the firm’s accounting fraud went public‚ the company filed for bankruptcy. After Enron Scandal‚ in 2002‚ the Sarbanes-Oxley Act was passed to prevent potential financial fraud. This act regulate the accounting standard and especially its transparency‚ as follows. • All companies must have a majority of independent directors. • Independent
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The WorldCom Accounting Scandal WorldCom was started in Mississippi as a long distance telephone service provider in 1983 (Lyke and Jickling‚ 2). Over the next decade and a half‚ the company expanded to offer a whole range of telecommunication services through a series of mergers and acquisitions (Lyke and Jickling‚ 2). At its height‚ WorldCom was the largest long distance phone company in the United States and was one of the leading companies in the telecommunication market in the world‚ providing
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The Panama Canal‚ the way to cheat the Oceans. In 1914‚ when the Panama Canal was finished‚ it changed the world of shipping goods‚ affecting America in many ways. There were many steps taken in getting the Panama Canal to where it is today. In not only it’s economical state but‚ where it is on Earth. Many lives were given‚ and millions of dollars were spent to build the Canal. There was a lot of hope in the building of the Canal‚ but there was also a lot of hatred and uneasiness towards the Canal
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ethical decision making and offer cause for concern. Based on results of this study the scientists conclude that this very boost became the reason for engaging in unethical behavior in the first place in those puzzling instances when the reward for cheating itself is low. It is imperative that we develop our understanding of how emotions influence our moral behavior‚ how our moral behavior influences our emotions‚ and how people expect these relationships to work. I read the study and compared it
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“If you cheat on someone that is willing to do anything for you‚ you actually cheated yourself out of true loyalty” (Unknown). The Great Gatsby by F. Scott Fitzgerald is about how awful and gross cheating can become‚ and how you can easily get caught. Doing something behind someone’s back can severely backfire because of the horrid things that someone has done which is unacceptable. Gatsby had a relationship with Daisy before Tom and Daisy were together. They were in love until Daisy and Tom
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