Enron scandal

The purpose of this report is to explore three major corporate scandals with regard to their irresponsible ethical behaviour and the lessons that can be learned from each. The three companies examined in this report include Tyco International Ltd, HealthSouth Corporation and Nimble Pty Ltd. Results of this report show that corporate scandals occur periodically and can have an effect on other companies with the first scandal occurring in 2002 by Tyco and then followed by HealthSouth in 2003 and…

Prize and the Booty - Case Study On the 25 February, 1603 Jacob van Heemskerck and his crew attacked the Santa Catarina, a merchant ship from Portugal which carried a very highly priced cargo of trade goods. The total price was more than three million guilders. This created discussion about the legitimacy of the attack on the Portuguese merchant ship. In order to justify Jacob van Heemskercks actions, Grotius’ literary works have to be taken into consideration as he addressed different laws…

Pablo Escobar was the quintessential druglord. It is estimated that at the height of his career - if you can call it that - Escobar brought in $420 million a week through drug trafficking and other illegal and morally questionable activities. Escobar achieved such great wealth through his dealings that it is said he lost $2.1 billion (you read that right) every year and didn’t even feel it. The Search Bloc finally captured and killed Escobar on December 2nd, 1993, well over 20 years ago.…

For the Ethical Violation Summary I chose to do Kenneth Lay - Enron. Kenneth joined enron gas company in 1985. If you don’t know enron is a gas company, and a service company based in houston, texas. He worked there for a year and was named chairman and chief officer of Enron. Lay worked there of about 16 years so about in 2001. After kenneth worked there after while he got sent to prison for selling large amounts of Enron stock in september and october of 2001. Security new that something…

Behind closed door deals, bribes, scandal, trades, mass corporations, sounds like the next top crime show, but this is no show. This is the Oil Reserves Scandal also known as the Teapot Dome Scandal. The Teapot Dome Scandal took place in the early 1920s. It was the secret leasing of federal oils by the Secretary of Interior, Albert Fall. After President Harding switched the oil reserve lands from the Navy to the Department of Interior in 1921, Albert Fall secretly gave Harry F. Sinclair from…

Overview Fraud has become common occurrence in business world. And organizations lose considerable chunk of their hard-earned revenue to fraud. Prevention and Detection are two methodologies to handle a white-collar crime like business fraud. Wisest approach towards any illegal and inappropriate activity is to prevent it from occurring in first place. Prevention is the most economical way of tackling fraud. Barriers to Fraud Prevention Fraud prevention is challenged by several barriers which…

The company I have chosen to write my case analysis on is the Hostess Brands. Hostess Brands is known for its iconic baked goods like Twinkies and Wonder Bread. In 2012, Hostess Brands sought bankruptcy in Federal Court due to labor issues and company costs. Hostess’ long history and product brand was coming to an end, due to hard choices the company had to make and the demands of the union. It was a situation that brought about the collapse of a long-standing company amidst the protests of…

the most in which the default caused losses that was beyond their nominal amounts because the mortgage were in reference to the asset of numerous types of derivative which loss its value due to high default rates. Another effect of the Fannie Mae scandal was the increase in home foreclosures as subprime borrowers were unable to meet their mortgage payments. The prices of homes also declined due to large foreclosures in the market. Also, there were tight lending standards which made it difficult…

The trade turnover for the Newport creamery in 1918 was reported at a substantial sum of £34,765. At the Nenagh Quarter Session of the County Court in October, in efforts to recoup the endured losses a claim was lodged by the society for £20,000. The magistrate awarded £12,339 in damages, which also included interest at six percent for the duration of one and a half years on the value of the stock destroyed. Furthermore, an additional fifteen percent was awarded for the increase in the price of…

In the passage," Isabella Stewart Gardner Heist: 25 years of theories", the police and FBI agents discovered that a special piece of artwork was stolen, Rembrandt's Christ in the Storm on the Sea of Galilee. The stolen work of art was worth $500 million dollars, making it known as the largest art theft in American History. Later on, it tells us about our main protagonist, a reporter for the Boston Herald. He tells us about some paint chips he received in1997 from people who were in charge of to…