Mgmt. J.‚ 24: 587–614 (2003) Published online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/smj.330 INCREASING FIRM VALUE THROUGH DETECTION AND PREVENTION OF WHITE-COLLAR CRIME KAREN SCHNATTERLY* Carlson School of Management‚ University of Minnesota‚ Minneapolis‚ Minnesota‚ U.S.A. White-collar crime can cost a company from 1 percent to 6 percent of annual sales‚ yet little is known about the organizational conditions that can reduce this cost. Previous governance research has
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Money Laundering Michael F. Adamson CJ 2400 Organizational and Occupational Crime Curry College Money Laundering Money laundering‚ in its most basic form‚ is the process by which large amounts of illegally obtained money is given the appearance of having originated from a legitimate source. There are many methods in which this can be accomplished and criminals are constantly coming up with new ideas on how to do so. If done successfully‚ it allows the criminals to maintain
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increases faster‚ remains constant Gender inequality in workplace- Women choose to have children Education and experience gender gap-work earnings- women earn less than men‚ gap has narrowed to between 70 and 74 percent earnings compared to men white-80% of what men make black-89% Hispanic-89% Women have lower paying jobs Enter work force at different a lower levels Women as a group are less educated then men Women work less overtime Patriarchy- Social
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It seems that with the recent headlines of high profile corporate corruption cases‚ the subject of whether ethics play much of part in modern business has come to the forefront. Connected directly to this would also be the role that communication plays in business ethics. The issues involved revolve around business ethics and how communication is used to either promote or reinforce good business ethics or is manipulated and abused to support more questionable uses. There are some that assert that
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Offender based approaches to white collar crime is define with emphasis as an essential characteristic of crime dealing with high social status‚ power‚ and respectability of the actor. A strength to this type of approach allows the social stigmatism of the “criminal” offender to be destabilized in the public view. Drawing attention to the ideation that people within high society or social standing can and will commit crime. This approach while breaking the social norms of antisocial behavior lends
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Introduction Its fall of 2001 and you are an employee for Enron‚ one of the largest energy companies in the world at the time. As an employee you have the option of owning stock in it and you also have a retirement plan with Enron. But what you don’t know is that Enron has been committing accounting fraud for a while now and Enron’s stocks aren’t really worth $90 and that they are soon going to file for bankruptcy. The executives haven’t told you this because if they told you the truth‚ you would
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Ethics of Profit‚ Part 3: The Profit Motive Posted March 29‚ 2011 Filed under: character‚ competition‚ corporations‚ decision-making‚ ethics‚ finance‚profits‚ white collar crime | This is the third in a 3-part series on the ethics of profit. (See also Part 1 and Part 2.) As mentioned in previous postings‚ we should distinguish between our ethical evaluation of profit per se (which‚ after all‚ just means financial “gain”)‚ and our ethical evaluation of the profit motive. After all‚ I don’t worry
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products and suggestions without asking for it. I have even been asked to what heritage I was from because my hair is dark and curly. I have been asked to correct my only non-White feature. There is something not quite right about me in the eyes of other Whites. The sociologically theory that other researchers have used to describe White privilege is social conflict by W.E.B. Dubois. “But the facing of so vast a prejudice could not but bring the inevitable self-questioning‚ self-disparagement‚ and lowering
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in the year 1939‚ who popularised the term ̳white collar crimes‘ by defining such a crime as one ―committed by a person of respectability and high social status in the course of his occupation.‖ Sutherland also included crimes committed by corporations and other legal entities within his definition. Sutherland‘s study of white collar crime was prompted by the view that criminology had incorrectly focused on social and economic determinants of crime‚ such as family background and level of wealth
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the cons and challenges presented by Neal in White Collar. The show is about a super suave con artist‚ Neal Caffrey‚ who has an unlikely partnership with FBI agent Peter Burke. To avoid jail‚ Neal signs on with the White Collar Division to help Peter catch other white-collar thieves‚ but conceals an ulterior motive throughout the show. Together‚ they solve fraud cases‚ and catch many criminals‚ while balancing their own drama outside the White Collar division. Neal uses his charm‚ and manipulation
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