period 1997 to 2000. This made a lot of people suspicious about the company when they heard about it. One of Enron’s employees‚ Sherron Watkins‚ raised suspicions about the company’s balance sheets and financial statements. And finally became the whistleblower of the Enron scandal. After the exposure‚ Enron was trapped in a severe cash crisis. Dynegy was trying to takeover Enron‚ but eventually the takeover was withdrawn‚ which meant that they no longer had any protection against bankruptcy. Consequently
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Whistleblowers What is the Whistleblowers Protection Act? The Whistleblowers Protection Act 2001 (“the Act”) supports the Government’s commitment to the principles of open‚ honest and accountable governance. It is designed to protect the public interest by: • exposing serious public sector wrongdoing; • ensuring public organisations are responsible and accountable; and • protecting whistleblowers from detrimental action and protecting their privacy. How do I become a whistleblower? A whistleblower
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WorldCom Failure in relation to its Organizational Behavior LDR/531 - Organizational Leadership October 7‚ 2010 WorldCom Failure in relation to its Organizational Behavior INTRODUCTION Year 2002 saw an unprecedented number of corporate scandals: Enron‚ Tyco‚ Global Crossing‚ etc. In many ways‚ WorldCom is just another case of failed corporate governance‚ accounting abuses‚ and outright greed. Many people may question if there is a secret to operating a successful business in modern times.
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cellular phone. I also wanted to know if they make them by hand or by robot. I know a cell phone works I just don’t know its story. Here is a little bit about the cell phones story. Martin Cooper invented the cell phone while working for Motorola. He gave it to the company. It did take a while to sell. Martin Cooper was the lead engineer responsible of the cell phone. Martin cooper was born in 928.When he was young he earned his bachelor’s degree. The first cell phone was a lot different than our cell
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Tripp‚ Kerr-McGee’s Karen Silkwood and Sherron Watkins of Enron are all on the same list of famous whistleblowers. All of these people have become famous because they provided information with the sole purpose of revealing wrongdoings by someone or a company. Some believe whistleblowers are traitors and should be punished: while others believe they are heroes and should be honored. Whistleblowers are being acknowledged as a great threat to companies and managers are realizing that they need to
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The Whistleblowers Protection bill The Union Cabinet has cleared a bill to protect whistleblowers and punish those exposing identity of people disclosing information. The proposed legislation‚ Public Interest Disclosure and Protection to Persons Making The Disclosure Bill‚ 2010‚ provides the Central Vigilance Commission powers of a civil court to hand down harsh penalty to people revealing identity of whistleblowers. The CVC will be empowered to take action against those who reveal the identity
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Accounting Fraud at WorldCom LDDS began operations in 1984 offering services to local retail and commercial customers in the southern states. It was initially a loss making enterprise‚ and thus hired Bernie J. (Bernie) Ebbers to run things. It took him less than a year to make the company profitable. By the end of 1993‚ LDDS was the fourth largest long distance carrier in the United States. After a shareholder vote in May 1995‚ the company officially came to be known as WorldCom. WorldCom culture was
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Whistleblowers have made headlines in media for much of modern American history. The viewpoints regarding whistleblowers are conflicted: some view them as heroes who rightfully expose government truths while others see them as criminals that should be punished with the fullest extend of the law. In fact‚ according to the “Whistleblowers” article in the Opposing Viewpoints Online Collection‚ “many whistleblowers are considered renegades or even traitors‚ and they may suffer both legally and in terms
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Cooper Pharmaceuticals Inc BMKT 436: Sales and Sales Management Shaye Murphy 10/12/2013 Executive Summary Goals Cooper Pharmaceuticals Inc (CPI) is a major manufacturer for the dental and medical practices in the United States. Their ultimate goal is to remain the largest drug manufacturer and meet the sales quotas. CPI has strong ethical policies that they want to keep that have shaped the companies’ reputation. In hiring Bob Marsh‚ they were meeting their goals
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Case Study 1 -2 Discharge for Whistleblower Activity 1. Should the federal appeals court deny Broom and Miller’s appeal and enforce the decision of the state district court finding upholding the discharge of the two whistleblowers? Explain your reasoning. In my opinion‚ the federal appeals court should uphold the decision of the state district court finding and this support the discharge of the two whistleblowers. The reasons for this opinion: * The employees did not follow the proper
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