Executive Summary Background Waste Management‚ Inc.‚ founded in 1894‚ offers environmental services to nearly 20 million residential‚ industrial‚ commercial‚ and municipal customers in the US‚ Canada‚ and Puerto Rico. With a large customer base‚ it is difficult to picture such a large company committing fraud. However‚ between the years of 1992 and 1997‚ several chief officers in the company engaged in a systematic scheme to falsify and misrepresent Waste Management’s financial results. Heading
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Waste Management Case Study April 24‚ 2010 Introduction: Ace Scavenger Service began its journey as a small‚ family owned trash hauling business in 1894. The family business was passed to Dean Buntrock in 1956. Buntrock had the foresight to begin consolidating small trash companies into one large company. He started with the merger of his firm with two other smaller firms in 1968 and created Waste Management‚ Inc. In 1971‚ Waste Management‚ Inc. had its initial public offering and used those
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electronic wastes. E-Waste refers to electronic products nearing the end of their useful life which includes computers‚ printers‚ scanners‚ or any electronic products. Today‚ the world has been embracing the age of technological changes. Such changes are adopted by various business establishments particularly Internet Cafes; leading them in replacing obsolete electronic equipments to newer ones ‚ creating large tons of e-wastes‚ which in turn demands the challenge of having a proper e-waste management
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Waste Management‚ Inc. Waste Management‚ Inc.‚ incorporated in 1968‚ had become a leader in the industry of waste management services ranging from industrial operations to curbside collection. This company had become synonymous with many different kinds of disposal services that allowed for the company to grow and grow with a solid base over the course of twenty-eight years. Finally in 1996‚ the company reported total assets of almost $20 billion with net income close to $200 million. However
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processes by which a company can add value to its OM decisions including: * Cost * Quality * Delivery * Flexibility * Innovation COMPETITIVE PRIORITIES OF AMUL To be a market leader and stand above the competition are the goals of every business. As seen previously in manufacturing strategy‚ Amul employs one of the best practices for the manufacturing of its goods. It incorporates state-of-the-art
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conditions are often present when fraud exists; incentives‚ opportunity‚ and attitude. All of these conditions can be seen in the fraud at Waste Management. Waste Management was under pressure from other companies within the industry that could offer the same services at lower prices to customers. Dean L. Buntrock‚ founder‚ chairman‚ and CEO of Waste Management was the driving force behind the fraud. Buntrock set the earnings targets‚ fostered a culture of fraudulent accounting‚ and personally directed
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Waste Management Inc. Fraud I. BRIEF HISTORY Waste Management Inc is a company in North America that provides waste and environmental services. This company was founded by Larry Beck in 1894. The company ’s operations also involved managing air and gas‚ environmental and groundwater protection as well as environmental engineering. By 1971‚ the company became more public after the 133 acquisitions and the $82M in revenue that were made and soon became the largest waste hauler in the
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Andrea Matcham Environmental Science Waste Management Strategies June 19th‚ 2013 Waste Management is the process of disposing‚ managing and monitoring of our waste materials. These important steps help us to reduce or eliminate the effects it has on our health and the environment. By practicing waste management we are observing our consumption of resources and working to reduce the hazardous waste used. These practices can provide enormous change in our lives and give hope to future
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present at Waste Management that are indicative of each of the three fraud conditions. Incentives: from the case‚ the SEC staff claimed that the top Waste Management officers’ fraudulent conduct was driven by greed and a desire to retain their corporate positions and status in the business and social communities. Their bonuses‚ retirement benefits and stock options closely correlate with the performance of the company. If the company meets predetermined earnings targets‚ those top managements will
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introduction Amul formed in 1946‚ is a dairy cooperative in India. It is a brand name managed by an apex cooperative organisation‚ Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)‚ which today is jointly owned by some 2.8 million milk producers in Gujarat‚ India[2]. AMUL is based in Anand‚ Gujarat and has been an example of a co-operative organization’s success in the long term. It is one of the best examples of co-operative achievement in the developing economy. he Amul Pattern has established
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