Opinion Subject Terms: *EXECUTIVES; *CHIEF executive officers AVARICE Geographic Terms: UNITED States Company/Entity: TYCO International Ltd. -- Officials & employees Ticker: TYC People: KOZLOWSKI‚ Dennis‚ 1946- -- Trials‚ litigation‚ etc. Abstract: The author offers observations on Dennis Kozlowski‚ the former chief executive officer of industrial conglomerate Tyco‚ who is serving up to 24 years in prison. The author argues that if greed alone were grounds for imprisonment‚ much of Wall Street
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inappropriate accounting practices. Enron‚ WorldCom‚ Tyco‚ HealthSouth and Adelphia were selected for analysis because of the availability of information regarding specific events occured before‚ during and after the fraud period as well as the ethical issues involved . There is abundant literature presented on the Enron and WorldCom scandal. Tyco‚ Adelphia‚ and HealthSouth were selected to expand and support the information available in the WorldCom and Enron cases. Throughout the research process
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MINI-CASE 1 Porsche Changes Tack In pursuing the interests of Porsche’s controlling families different from maximizing the returns to its public share owners? Obviously‚ it is clearly to see that in pursuing the interests of Porsche’s controlling families different from maximizing the returns to its public share owners. Porsche had three major vehicle platforms: the 911‚ Boxster roadster and the Cayenne. Sales of these can help Growing portfolio‚ profitable and sustainable business. This is
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AFM 201 – Part 1 Auditing Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks
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Executive Compensation and the Dramatic Increase in Corporate Accounting Scandals According to one estimate‚ the total median CEO pay at the nation’s 350 largest publicly-owned firms grew from $2.7 million annually in 1995 to $6.8 million in 2005. The overall increase in CEO pay has outstripped inflation and the growth in non-managerial pay over the same period. Equally important is the trend in the composition of CEO performance-based pay which includes stock and stock option grants. Median
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The goal of Friedman and Moberg is to persuade their audience that their point is more agreeable then someone else. Friedman the author of “The Great Indian Dream” and Moberg the author of “High-Tech Hijack” have both similar but very different ways of grabbing their readers with credibility‚ good reasoning and feelings. Friedman and Moberg grab their audience to persuade the reader about offshoring by using ethos which is ethical appeal‚ logos is logical appeal‚ and pathos which is emotional appeal
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Pathos appeals to the reader’s emotions. Thomas Friedman‚ three-time Pulitzer Prize-winning author and The New York Times columnist‚ uses rhetoric to increase the persuasiveness of his pro-outsourcing article “The Great Indian Dream.” Meanwhile‚ David Moberg‚ senior editor and contributor to numerous national publications‚ uses different examples using the same tools in his anti-outsourcing article “High-tech Hijack.” Articles‚ such as these for and against outsourcing‚ use rhetorical persuasion by citing
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Ethical Issues in the workforce [pic] Stephanie Wilcox Bus 610 Kathleen Henry June 6‚ 2011 Ethical issues in the workforce In my own opinion ethical issues are a major concern because of the people trying to sell products. They have to build trust and integrity with their employees and consumers about their product. According to Knicki & Kretner‚ “ethics involves the study of moral issues and choices” (Knicki & Kretner‚ 2009‚ pg.23). Knicki
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References: Cavanagh G F.‚ Moberg D J.‚Velasquez M. “The Ethics of Organizational Politics”‚ The Academy of Management Review‚ Jul 01‚ 1981; Vol. 6‚ N. 3‚ p. 363-374. Ferris‚G.R‚Davidson‚S.l‚ and PerreweP.L (2005)‚ “political skill at work”‚ Mountain view. Jackson‚ N & Carter‚ P (2007)
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2 billion cash and stock deal to purchase the CIT Group‚ a commercial finance company. Tyco director Frank Walsh helps arrange the deal. Tyco shares close at a high of $59.76 on the New York Stock Exchange. Business Week magazine lists Tyco CEO L. Dennis Kozlowski
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