of foreign companies from the audit committee and loan prohibition requirements. Corporate greed and corruption has altered the face of American business forever. Corporate greed was the primary reason in the downfall of Global Crossing, Enron and MCI WorldCom. I will show that the governing bodies, the Senate, NASD, the Securities and Exchange Commission and other powers that be decided to act and in 2002, the Senate introduced the Sarbanes-Oxley Act of 2002. Effects Of Sarbanes-Oxley Act SOX
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Deal Summary Memorandum | | | |Maria-Fe Arribas, Derek Bly, Carolina Ratto | |Deal Team Members: | | |Date: |4/09/12
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Kale(1985) & Black(1986) |If traders trade on “noise” signals, unrelated to fundamental data, then share price can deviate from intrinsic value. | | |Shleifer (2000) |Two major foundation of behavioral finance: | | |Limited arbitrage | |
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AVOIDING INVESTMENTS IN FRAUDULENT COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company
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A Case Study The Initial Public Offering of Williams Communications Group, Inc. William B. Elliott* Department of Finance Oklahoma State University College of Business 224 Business Stillwater, OK 74078 405.744.8639 (voice) 405.744.5180 (fax) elliowb@okstate.edu Lindsay Lewellen First Union Securities Asset Securitization Division 1 First Union Center 301 South College Street Charolotte, NC 28288-0943 704.383.7991 March 2002 * Corresponding author
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FINA - 010 Intel: Managing Working Capital Introduction op y In early 2004, Intel was the undisputed leader in the microprocessor industry with about 90% market share. Since 1968 when it was founded, Intel had launched many groundbreaking products. By 2004, it had 450 products and services ranging from the ubiquitous PC microprocessors like Pentium, the 64-bit high-end Itanium 2 to mobile computing chipsets such as Centrino. Intel ended 2002 with revenues of $ 26.7 billion. Many analysts believed
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Draft - Corporate Governance Considerations This material was prepared by Eliot H. Sherman – July 2005 FOCUS Learning Objectives By the end of this chapter, you should be able to: Understand the issues related to agency and delegated responsibility. Describe the similarities and the differences in the corporate scandals that have been identified in the past few years Identify the responsibilities of managers to the shareholders and other stakeholders associated with their corporations. OVERVIEW
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on these case studies, the following issues are discussed: (1) The role of leader behavior and organizational/leadership styles in shaping the corporate organizational culture of an organization, and (2) The extent to which this culture renders the organization and its members (including the top executives) prone to ethical misbehavior. The four companies selected for this case analysis are: Enron Corporation, WorldCom, Inc., Tyco International, Ltd., and HealthSouth Corporation. Each case is considered
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field of accounting is for accountants to serve the public for the greater good. Yet the public doesn’t feel that accountants can be trusted. Hence, the numerous amounts of regulations imposed by the government on the finance field. In this paper we discuss the field of finance and accounting, overall view of the public, several scandals that led to the lowly perception of the accounting profession and some of the numerous regulations imposed by the government. Are these regulations too many
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is not to just workout. We have an opportunity for mix-fighting fans to make them feel like their idols letting them train and fight in the octagon. Also we will provide seminars once a month with famous sportsmen. We have no limits to customers in case of time. In other words if they buy a ticket for a month they will have unlimited amount of time to train. We have trainer-nutritionist, who takes hem analysis of customers for free, and you can consult with him. For those who want, he can advise schedule
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