The Phar Mor situation is something that I feel happens a lot with companies and corporation, but on a much smaller scale. Therefore, I wasn’t surprised that the company was able to pull off such a scam for so long. I was more surprised at the fact that it involved the entire management group and that out of all of the people no one was honest or brave enough to put a stop it or expose it.
I feel that more people should have been punished in this case because so many people knew about the illegal cover up that was going on and decided not to tell anyone. So, they are just as guilty as the people that were actually involved in “cooking the books” to covering up loses and making them seem like profits. Coopers and Lybrant are as guilty in this …show more content…
Unlike those people, I wouldn’t have stopped there. If I was rejected the board I would have tried sending letters to auditors and even investors. Because there were so many leaders of the company involved in the fraud I believe that one person wouldn’t be able to expose the fraud alone because they may come off as an angry employee that have other intentions. So, I would have tried to convince other employees in joining me in trying to expose the company for its’ wrong doings. Most likely no one would want to work with me and expose the company because of their loyalty to Monus.
No matter if I had someone to work with me or not I would have done all that I can to expose the company and I would have quit my job to protect my reputation and my future. Before leaving the job I would have gather all the information that I had access to that could prove my accusation. Hopefully, I would have been able to gather physical evidence but if not I would have recorded conversations like multiple people did. If all of the plans that I stated before failed to work out for me, my final straw would be to take the evidence that I gather to the FBI, present my case and leave it in their hands. I doubt that I would have to do that after bringing the information to investors and lenders, but it’s good to have a backup plan just in case things don’t work
I feel that more people should have been punished in this case because so many people knew about the illegal cover up that was going on and decided not to tell anyone. So, they are just as guilty as the people that were actually involved in “cooking the books” to covering up loses and making them seem like profits. Coopers and Lybrant are as guilty in this …show more content…
Unlike those people, I wouldn’t have stopped there. If I was rejected the board I would have tried sending letters to auditors and even investors. Because there were so many leaders of the company involved in the fraud I believe that one person wouldn’t be able to expose the fraud alone because they may come off as an angry employee that have other intentions. So, I would have tried to convince other employees in joining me in trying to expose the company for its’ wrong doings. Most likely no one would want to work with me and expose the company because of their loyalty to Monus.
No matter if I had someone to work with me or not I would have done all that I can to expose the company and I would have quit my job to protect my reputation and my future. Before leaving the job I would have gather all the information that I had access to that could prove my accusation. Hopefully, I would have been able to gather physical evidence but if not I would have recorded conversations like multiple people did. If all of the plans that I stated before failed to work out for me, my final straw would be to take the evidence that I gather to the FBI, present my case and leave it in their hands. I doubt that I would have to do that after bringing the information to investors and lenders, but it’s good to have a backup plan just in case things don’t work