Over time, many unethical accounting scandals existed. The WorldCom scandal is one of the most known unethical scandals. WorldCom submitted the largest bankruptcy filing in United States’ history after admitting improperly accounting for more than $3.8 billion dollars in expenses (Moberg, 2012). The company used acquisitions to spurt large growth. Two of WorldCom’s acquisitions included MCI Communications and MFS Communications (UUNet). This caused WorldCom to appear more favorable on Wall Street
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The Board of Directors: Tower Simulation Sophia Zhidro, Troy Alexander, Jessica Zawada, Yunjie Yang, and Beihao Xu Worcester Polytechnic Institute Abstract As the board of directors, once we received our assigned roles for the simulation we knew that our role would be critical for the assignment. With little instructions from the instructor we delved into our tasks and began meeting on a regular basis to become a unified team. Through the textbook materials and media exposure, it is evident
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Transformation at Harley – Davidson Four wheels move the body, two wheels move the soul – Harley Davidson. During Teerlink's tenure as Harley's Chief Financial Officer, was the organization structure flat or tall? Centralized or decentralized? It is important for us to get an understanding of this two critical terms, Flat organizational structure – organization has few levels as possible. Managers
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Task 1 Part A SUBDOMAIN 310.1.2-6 In today’s world, it is imperative that entrepreneurs are well versed in business forms. Choosing the wrong form can prove to be disastrous. Below is a list of business forms that are in use today. Sole Proprietorship: Liability – A sole proprietor has unlimited liability. If insurance or business assets are not enough to cover company debts, the owner’s personal assets are accessible. Income Taxes – Legally, the sole proprietor and business and are
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CalTax.org, “California is the third worst state business tax climate in the nation!” Broken down California has the highest sales tax, gasoline tax, and personal income tax in the nation; as well as the 15th highest property tax and the highest corporate income tax in the West! Along with the high taxes on businesses as a hole, the Business owner’s income is suffering tremendously because of the passage of prop 30! This unfair proposition delegates that for people making 250,000 plus a year must
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the possible consequences are. The question concerning the long working hours was raised in court. “It depends on deadlines. Some of it is peer pressure. There is a general expectation in our profession.” said Juergen Schroeder an employee of the corporate finance department of Bank of America. “Being in the City is like being in a bubble. You throw yourself into it and forget about the rest of the world.” said a previous intern and now writer Polly Courtney. This demonstrates what the magic of the
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American International Journal of Contemporary Research Vol. 2 No. 2; February 2012 CLICO’s Collapse: Poor Corporate Governance Wayne Soverall1 Abstract The corporate collapse on January 30, 2009 of CLICO, the largest conglomerate in Trinidad and Tobago and the Caribbean, is the worst financial shock experienced by the region to date. Today, more than two years later, its devastating effects are still being felt as the government continues to struggle with the bailout to stabilize the financial
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720 Old Knoll View Alpharetta, GA 30022 MICHAEL BOHLMANN bohlmann@uga.edu (678) 446-2429 910 College Ave D Athens, GA 30605 EDUCATION University of Georgia, Honors Program, Athens, GA Bachelor of Business Administration, Finance GPA: 3.72/4.00, SAT: 1430 (Math 800, Verbal 630) Honors: Zell B. Miller Scholarship, Certificate of Merit, Dean’s List Expected May 2015 WORK EXPERIENCE Frisch Capital Partners, Investment Banking Analyst, Athens, GA May 2013-Present Work for a boutique
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and Markets provides a full range of credit, risk management and investment banking products and services relevant to the financing and strategic development needs of our clients. Our products include investment banking, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, debt products, derivatives, foreign exchange and bullion & base metals. We also cross-sell the full range of wholesale products and services offered by Scotiabank. Position: Investment
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order to provide easy access to deliver the products. In addition, more than 70% of the sales are exported to US, EU countries, Japan and others. Scandle 1 Problem Malaysia, just like other developing countries, is unable to run away from the corporate scandals that have been emphasized by the media. After all the recommendation and efforts contributed by the various parties to eliminate these scandals, however it is still happening and there is no sign of stopping or reduction of the fraud in
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