OF CORPORATE GOVERNANCE AND AN ACCOUNTING SCANDAL By Abe de Jong‚ Douglas V. DeJong‚ Gerard Mertens‚ Peter Roosenboom March 2005 ISSN 0924-7815 Royal Ahold: A Failure of Corporate Governance and an Accounting Scandal Abe de Jong* Department of Financial Management Erasmus University Rotterdam a.jong@fbk.eur.nl Douglas V. DeJong Tippie College of Business University of Iowa douglas-dejong@uiowa.edu Gerard Mertens Department of Financial Management Erasmus University Rotterdam g.mertens@fbk
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Following are some of the most extreme examples of gross misconduct regarding fraud in our history. The Waste Management Scandal in 1998. They reported 1.7 billion in fake earnings by increasing the length of depreciation time for property‚ plant and equipment on the balance Page 2 sheets. The fraud was detected when a new CEO was brought in and the new management team went through the books. Motivation seems to be that this publicly traded company needed to keep stock prices up to keep investors
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The 10 Worst Corporate Accounting Scandals of All Time If there is one theme to rival terrorism for defining the last decade-and-a-half‚ it would have to be corporate greed and malfeasance. Many of the biggest corporate accounting scandals in history happened during that time. Here’s a chronological look back at some of the worst examples. Waste Management Scandal (1998) Company: Houston-based publicly traded waste management company What happened: Reported $1.7 billion in fake earnings. Main players:
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The Bernie Madoff Scandal Introduction: Bernie Madoff‚ an American stockbroker‚ investment advisor chairman of Wall Street firm‚ has operated the largest financial fraud – Ponzi scheme in U.S. history in 2008. Before he was arrested by FBI agents in December 11‚ 2008‚ he was a chairman of Bernard L. Madoff Investment Securities LLC. He founded this Wall Street firm with his family members in 1960. His brother and sons were charge of different and important positions in the company. Before
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Abstract Wireless technology can now be seen almost everywhere. This technology has recently become very popular‚ and with the convenience that comes with its use‚ it will probably be the most commonly used technology among computer networks in the near future. Unfortunately‚ new technology is always under fire when it comes to security‚ which is a topic that has now become more imperative and indispensable when dealing with transferring and storing sensitive computer information. The realm of wireless
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Salacious Rock Star Scandal Background Details Whilst touring America for the second time around in 1969‚ the four members of Led Zeppelin were taking residence at Seattle’s Edgewater Inn‚ a common favourite within the musician crowd as guests could fish from their rooms. Richard Cole (tour manager) and Bonzo (the drummer‚ John Bonham) were fishing from Richard’s room and they were persistently being bothered by female groupies‚ but the two fishermen were too involved in their catches than the
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REGULATION FOR ENTERPRISE DEVELOPMENT AND REGULATORY IMPACT ASSESSMENT by Colin Kirkpatrick and Jenifer Piesse CONTENTS: Executive Summary 1. ENTERPRISE DEVELOPMENT AND THE ENABLING BUSINESS ENVIRONMENT: 1.1 Private Sector Development 1.2 An Enabling Business Environment 1.3 Encouraging Business Enterprise within the Context of Good Governance 1.4 Market Failure and the Enabling Business Environment 1.5 Market Failure and Government
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Solid waste in Maldives Today‚ solid waste management has become a serious issue in the Maldives. Solid waste is the unwanted solid materials which compile up from residential‚ industrial & commercial activities. The quantity and types of Solid waste produced differs around the world depending on country & with significant changes with time. Solid wastes produced in Maldives mainly consists of organic materials (biodegradable wastes)‚ recyclable waste (paper‚ glass‚ metals‚ plastics)‚ Inert
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The latest release of Hillary Clinton’s personal emails shines a new light on an old scandal that has received far to little press coverage over the years. More than 6 years after the January 2010 Earthquake‚ there is little to show for the two Billion Dollars that have been poured into “reconstructing” Haiti‚ most of the money having disappeared into fraud and corruption scams closely associated with the Clinton Foundation. According to the nonpartisan Washington watchdog Judicial Watch‚ the
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into Waste Management on Construction Sites in South Western Nigeria 1‚ 2 O.O. Akinkurolere and 3S.O. Franklin 1 Department of Civil Engineering‚ Faculty of Engineering‚ University of Ado-Ekiti‚ Nigeria 2 China University of Geosciences‚ 430074‚ Yujia Shan‚ Wuhan Hubei Province‚ People’s Republic of China 3 Department of Civil Engineering‚ Faculty of Engineering‚ University of Ibadan‚ Nigeria Abstract: This study aims to report investigation into the problem of waste management on construction
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