Free Corporate Scandals Essays and Papers

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  • Ethical Lessons Learned from Corporate Scandals

    829 Words  | 4 Pages

    Ethical Lessons Learned from Corporate Scandals Ethics is about behavior and in the face of dilemma; it is about doing the right thing. Ideally, managerial leaders and their people will act ethically as a result of their internalized virtuous core values. The Enron scandal is the most significant corporate collapse in the United States and it demonstrates the need for significant reforms in accounting and corporate governance in the United States. It is also a call for a close look at the

  • Corporate Scandals: How Greed Consumed The American Dream

    1945 Words  | 8 Pages

    More and more corporate scandals are happening in America. Why have these scandals just shown up in recent years? What causes these corporations to lie and be deceitful towards investors? Though once seen as legitimate, fair, honest, and respectable, corporations have arrived at a stage of greed and deception. This can be explained by a number of factors such as how the stock market works, the stock market boom, changing company practices, CEO benefits, and specific company examples. Public companies

  • Corporate Governance at Satyam: The Satyam Scandal

    733 Words  | 3 Pages

    the nine board directors six were ‘independent’ directors. These independent directors clearly did not act on the interest of shareholders and other stakeholders, even when it was obvious that there were fraudulent acts within the company. Satyam’s scandal has pointed out the larger regulatory failure, which is closely related to audits. The role of the audit committee is to verify and certify the transparency of the disclosed financial information and statements and also that of monitoring to prevent

  • Scandal In Corporate America: An Ethical, Not A Legal, Problem

    924 Words  | 4 Pages

    Are businesses in corporate America making it harder for the American public to trust them with all the recent scandals going on? Corruptions are everywhere and especially in businesses, but are these legal or are they ethical problems corporate America has? Bruce Frohnen, Leo Clarke, and Jeffrey L. Seglin believe it may just be a little bit of both. Frohnen and Clarke represent their belief that the scandals in corporate America are ethical problems. On the other hand, Jeffrey L. Seglin argues

  • Ethical Scandas And Cons Of Sploying By David G. Friehling

    1634 Words  | 7 Pages

    become aware of scandals that occur in corporate companies. Since 2008 a series of corporate scandals and collapses have highlighted the importance of effective board oversight. With the increase in technological advances and people who never invested before, began to invest in companies in the mid 1990’s to early 2000, which increased the demands for many corporate organizations. One of the largest scandals in the corporate world was known as the Madoff’s Ponzi scheme and the scandals that occurred

  • Enron: The Smartest Guys in the Room

    552 Words  | 3 Pages

    Thirteen years ago, the biggest energy company in the world experienced the biggest accounting scandal of the century. The company was called Enron and was doing very well in business but unfortunately, after many bad decisions were made by the executives of the company, Enron went bankrupt. The executives of Enron were essentially gamblers in the stock market. They took terrible risks and misreported their financial standings in order to encourage people to invest in their stocks. When the stocks

  • Issues Facing Stakeholders and Top Management

    850 Words  | 4 Pages

    inflated profits for years. The admission of the biggest corporate scandal in India’s history has drawn swift comparisons with Enron, which quickly went from being one of the United States’ most admired companies to a ward of the bankruptcy court after accounting fraud came to light. The media has latched onto the Satyam controversy mercilessly, labeling it "India's Enron moment" and a "shame and scandal." Satyam’s image has been tarnished by the scandal and as lost the confidence of clients, investors

  • Richard Scrushy Case Study

    711 Words  | 3 Pages

    Tracing back the history of accounting scandals, major corporate scandals not only hurt the economy but also crush investor confidence on investing in company. Majority of corporate scandal are create by greedy CEOs “cooking the books” to meet the number that they expected. In this case, Richard Scrushy is one of the greedy CEOs. This is a case of a falling American dream. Richard Scrushy, was a self-made son of the new South, a former teenage parent who hauled himself up from a menial job to become

  • The Case for Principle-Based Accounting

    1056 Words  | 5 Pages

    Samuel J. Ochieng DQ Week 2 Discussion on whether to use rules or principles based accounting standards Stakeholders in accounting include and are not limited to shareholders/investors in the company, regulators, lenders, customers and the accounting profession, just to mention a few. All the stakeholders have interest in high quality accounting reports that enable them to make a fair judgment whenever they need to make a decision on regarding a company. Rules-based and principle-based accounting

  • Fraud And Fraud In Accounting

    685 Words  | 3 Pages

    actually is, there has been a constant issue of corruption and fraud in accounting. Individuals who practice in fraudulent activities often seek to enrich themselves, establish a financial presence, or even gain respect from others. Not only do these scandals cause the companies to fall into bankruptcy, but also leads to innocent people losing their entire life savings. Over the past decade, numerous frauds have been discovered worldwide. Some of those frauds include Enron, WorldCom, Cendant, Adelphia