by 10 years and he was required to pay $42 million to the victims. Andrew Fastow plead guilty to counts of wire fraud and securities fraud. He served four years in prison. As a result of the Enron scandal, congress passed the Sarbanes-Oxley Act of 2002. The act was created to protect investors from accounting fraud and increase investor confidence. The act includes two key provisions. Section 302 mandates that senior management certifies “(1) the report does not contain untrue statements or material
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imminent. (Larry Bumgardner, 2003) There was a second wave of scandals that involved WorldCom and Adelphia in the summer of 2002. (Larry Bumgardner, 2003) WorldCom had $107 billion in assets but after filing in the Southern District of New York was crushed by their debt of $41 billion. WorldCom’s bankruptcy is the largest in United States history making Enron seem irrelevant. (Beltran, 2002) Three founding members and two other company executives of Adelphia were arrested on charges of looting the nation’s
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first amendment rights were violated, and filed a suit against the school district. The case eventually reached the United States Supreme Court, which ruled that as long as the school had “a substantial and reasonable basis (Brandsberg-Engleman et al., 2002).” in removing the pages from the newspaper, it did not offend the first amendment rights of the students. The students of Hazelwood High School have the opportunity to add journalism to their curriculum. Journalism I is
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The Balkan Crisis represents a series of tensions in the region that arose, in part, due to the decline of the Ottoman regime in Europe. This culminated in the 1908 annexation of Bosnia-Herzegovina by Austria-Hungary and the Balkan Wars preceding World War I. While not directly causing WWI, these events laid the foundations for disputes amongst the Great Powers as well as solidifying the existing Bismarckian alliance system. Furthermore, the competing nationalistic interests manifested themselves
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Labatt Blue Canadian Beer Market As of the end of 2002, Labatt Breweries controlled 43.3% of the Canadian beer market, making it the number two brewer in the country behind Molson, which has a market share of 45 percent. Microbreweries and imported premium beers account for the remaining market share. Major brands tend to focus on 9 to 24-year-old males, and as a result may be missing opportunities by not addressing different demographics and the product benefits of beer. However, targeting 19
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His first novel was Everything is Illuminated (2002) which “received a lot of praise from major publications and well known authors and won The Guardian's First Book Award and The National Jewish Book Award, and it was named Book of the Year by the Los Angeles Times. It was also adapted to a film starring
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international brands of the company are Cadbury Dairy Milk, Dr Pepper, Flake, Trebor Basset, Snapple and Motts. The company also has Halls, Clorets, Trident, Dentyne and Bubbas bubble gum range in its portfolio with acquisition of Adams in December 2002. Since 1969, Cadbury Schweppes’ has focused on confectionery and non-alcoholic beverages. In 2004, 60 per cent of the Group’s net sales came from confectionery and 40 per cent from beverages. The company employees around 55,000 people in over 200 countries
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Hilton The critical success factors of a company are the essential features and elements of an organization that contributes to the organizations success within its industry. Since its founding in 1919 by Conrad Hilton in Cisco, Texas, Hilton Worldwide has remained a frontrunner within the hospitality industry. Currently, it is one of the largest hospitality companies in the world with over 10 brands and offering 3900 hotels worldwide. Hiltons reign as a leader within the hospitality industry is
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Brief Bio: Jaynie Schultz (early fifties), is President and co-founder of Retreat Central, a “matchmaker” created to serve event planners looking for facilities outside the traditional hotel market. Retreat Central works with children’s summer camps which function as retreat centers during the school year. These retreat centers are affordable, accessible and dedicated to group events, while providing the camps with an additional source of revenue during their off-seasons. In 1986 Jaynie and
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The theory of individualism/collectivism developed by Harry Triandis (1990, 1995) emphasizes individual differences and cross-cultural differences in many of the same tendencies discussed by social identity theory. The theory of individualism/collectivism describes cross-cultural differences in the extent to which emphasis is placed on the goals and needs of the in group rather than on individual rights and interests. For individuals highly predisposed to collectivism, ingroup norms and the duty
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