Unraveling the Details of 10 High-Profile Accounting Scandals written by: ciel s cantoria • edited by: Linda Richter • updated: 12/30/2010 Before digging into the dirty details of each of these major accounting scandals, we’ll take a look at some of the tools that were used to first detect them – including sophisticated accounting systems and advancements in high-tech communication. Technology Fighting Against White Collar Fraud Looking back at the 10 major accounting scandals that changed the
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were involved in fraud. Mr. Ebbers who was thought to be something of a genius for making WorldCom a “powerhouse”, his direct involvement in the downfall of the company discredited him as a successful leader and in turn branded him as an unethical failure as a leader. Bernie Ebbers allowed his company to face the largest bankruptcy in U.S. history and for this was sentenced to 25 years in prison in 2005 (Kidwell, Martin). The company’s sense of
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Successful leadership – how would you know? Boardrooms and business school classrooms are equally preoccupied with leadership, and success is often assumed to be about profit or Total Shareholder Return. It’s neither. For leaders wanting to measure their own success, for those who appoint leaders to know what they are aiming at and for outsiders assessing the quality of leadership, Andrew Likierman shows how to do it. Thinking W as Julius Caesar a successful leader? What about Ghenghis
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In today’s business active world lot of attention have been shed on leaders and various notions of leadership linked with them. Peter Drucker, in his work in 1954 pointed out that “Leadership is of utmost importance. Indeed there is no substitute for it. But leadership cannot be created or promoted. It cannot be taught or learned”. In an orthodox composition on ‘Kantian theory of Leadership’, Bowie mentioned that “leader has a hierarchical and even elitist connotation, opposite to Kant’s moral
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spirit and Devine's availability to everyone in the company, no matter their station--and no waiting required. "For me it says a couple things about leadership," he says. "One is: No walls, no barriers, no hierarchy. Everybody can talk to everybody. Everybody can participate in a decision. We work together, and that's very important in leadership." In his eagerness to tear down the literal and figurative walls that have divided the workplace classes for generations, Devine is not alone. More
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Congress for the airline industry (Kaye, 2002), which is resulting in a $22 million Income Tax Provision credit for the company. Based upon this and the latest Customer Loyalty Report, Chief Executive Officer, Amanda Miller, has tasked members of the leadership team with improving their frequent flier program with methods that will demonstrate a measurable return on any investment while still meeting the cost reduction goal and without discounting fares. In addition, the Board of Directors
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and investors to create an efficient and functional business with long term viability and value ("Corporate Governance Best Practices," 2002, p. 8). The concept of adopting a formalized process should be fairly evident. Corporate scandals such as Enron and WorldCom devastated entire corporations as well as national and world financial crisis created by banking and mortgage industries. The government has stepped in and enacted legislation such as Sarbanes-Oxley in an attempt to prevent future occurrences
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Ways To Fund A Business Jeremy Tyson Jarvi American Intercontinental University Online Abstract This paper is going to reflect how I choose to fund my business (or company). There are a few ways to raise money: Selling stock, licensing the product, and taking out loans. I will also be describing the who, what and how of each of the following: Investment Banker, Stock Market, Financial Management, and Risk Financing. I will share with you my preferred source of funds, and I’ll explain
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2012 Abstracts Ethics and social responsibility occupy an important place in human value system. Customer confidence in how business operates has been severely shaking by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy
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Abstracts Ethics and social responsibility occupy an important place in human value system. Customer confidence in how business operates has been severely shaking by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy ethical behavior
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