Enron

securities. At the beginning of 2000s, there were well known companies involved in a major scandal that has affected the consumers’ confidence in companies and this led to an investigation by the SEC. One of the companies involved in the scandal was the Enron Corp, which was one of the largest energy, commodities and service companies in the world. In 2001 the company suffered a collapsed which led to the largest bankruptcy in U.S. and a large number of lawsuit due to the violation of federal…

Norman comments about some claims that include situations where citizens testifying at public hearings have accepted cash in exchange for making pro-Wal-Mart statements. In other cases, he claims, groups protesting Wal-Mart expansion have ceased to protest after accepting donations from the company or its partners. Mr. Norman cites an example that happened in 2004 in Tallahassee, FL where a group opposing Wal-Mart’s construction of a store said that a real estate broker representing the…

• The official definition of the term whistleblowing is ‘making a disclosure in public interest.’ In the business world it refers to a party being aware of wrong doings in the workplace (usually referring to upper management being aware of criminal activity, and choosing to take no action). The government have made an active effort to help promote the concept of whistleblowing, and report criminal acts of their company. If the correct procedure is adhered to here, the employer rights are…

TO: Gregg Cash FROM: Jihee Kim TITLE: Conclusions from Tech Gadgets Liquidation Dear Mr Cash, You have requested advice on the matter of Tech Gadgets Ltd. Your questions, my answers to those questions, and the reasons for our answers are set out below. Question 1 Issue: Which persons and/or entities are a director of Tech Gadgets Ltd for the purposes of the directors’ duties in sections 181-183 of the Corporations Act 2001 (Cth)? Law - s 181: Act in good faith in the best interests of…

The stakeholders for Goldman Sacks Corporation include the elderly couple, as investors and the CPA financial advisor as the employee of Goldman Sacks. As a CPA, the financial advisor must adhere to the AICPA Code of Professional Conduct as well as act in the most ethical way. The Code of Professional Conduct requires one to perform due care, competence, professional skepticism and professional judgement. The preferred products sold through Goldman Sacks come with the best commissions and as the…

The Insolvency and Bankruptcy Board of India (IBBI) controls and screens the exercises of the Insolvency Professionals (IPs) also as the Insolvency Professional Agencies (IPAs) with whom the Bankruptcy Professionals enlist themselves. The IBBI has set out the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 that set out the enlistment and qualification methodology of the Insolvency Professionals, brief surrender of declaration of enrolment, disciplinary…

Weaknesses The company’s involvement in numerous lawsuits constitutes its first weakness, which is not only a past weakness, but also a current one. These litigations impede the company’s brand image in clients’ and investors’ eyes in domestic and foreign markets, and this contributes to company’s amity deterioration. An example of the of these litigations is the consumer class action that was filed against Hewlett-Packard Company in 2011, alleging that this company’s printers’ software were…

Two unsuccessful mergers/acquisitions were Bank of America’s acquisition of Countrywide and the AOL and Time Warner merger. Bank of America made the decision to acquire Countrywide at what was considered a low price of $2.5 billion dollars. AOL and Time Warner merged their company together as “AOL would own 55 percent of the new company and Time Warner, 45 percent. But the new board would have an equal number of AOL and Time Warner directors” (Arango, 2010, para. 25). Both of these deals are…

Chasing Madoff Chasing Madoff is a 2011 documentary film by Jeff Prosserman, based on the 2010 memoir No One Would Listen: A True Financial Thriller written by the film’s arguable protagonist Harry Markopolos. Chasing Madoff examines Markopolos and his cohorts pursuit of now infamous ponzi schemer Bernard Madoff. Madoff robbed tens of thousands of people, of tens of billions of dollars. Investigative journalists from several large publications were sought out and tried to bring forward expose…

Company Background HealthSouth Corporation, based in Birmingham, Alabama, is the United States’ largest owner and operator of inpatient rehabilitation hospitals. It is founded by Richard M. Scrushy and incorporated in Delaware on February 22, 1984 as Amcare, Inc. (Saux, 2014) HealthSouth Corporation hired more than 60,000 employees at 2,000 facilities which operating in 33 states across the U.S. along with its facilities in Puerto Rico, Canada, UK and Saudi Arabia. (Saux, 2014) It provides a…