Enron

In this paper we provide a general overview of asset misappropriation. We discuss the current state of academic and practical knowledge as it relates to asset misappropriation, including what we currently know about asset misappropriation, what research has been done in this area, what is currently missing from the research, and what additional resources are needed in order to continue to provide high quality research on this topic in terms of the three prongs of the fraud triangle, and then…

Sarbanes-Oxley Act, Section 301: Public Company Audit Committees, is created to address systemic and structural weaknesses that affecting the US capital markets due to failures of audit effectiveness and corporate financial responsibility that could potentially “threatened the reputation of those markets for integrity (Tsacoumis, S, Bess, S, and Sappington, A, 2003).” Section 301 provided appropriate regulatory authority of the audit committee the power to overseeing the accounting and…

Analyzing The Big Short The whole housing market is built like a giant Jenga tower. The AAA mortgages are at the top of the tower while the BBB’s are the lowest base of the tower. The AAA’s and AA mortgages were to make so much money that the extra money was to trickle down to the BBB’s at the base. This information is in the book The Big Short: Inside the Doomsday Machine written by Michael Lewis. He has written many best-selling non-fiction books like Moneyball and The Blind Side both were…

To analyze the development and the legislative history of the Americans with Disabilities Act of 1990 (ADA), it is important to discover the definition of disability as enacted by the United States Congress. “When Senators Weicker and Larkin first introduced the Americans with Disabilities Act (ADA; Public Law No. 101–336 [1990]) in 1988, only 30 percent of people with disabilities in the United States were employed. Title I, the section of the ADA pertaining to employment discrimination, sought…

Based on true events, Boston attorney Jan Schlictmann takes on two powerful businesses suspected of polluting the drinking water in Woburn Massachusetts. Schlictmann, a wealthy and successful personal injury attorney, finds himself entrenched in a long and expensive legal battle with Beatrice Foods, W.R. Grace, and a local tannery. Schlictmann intends to prove that these businesses neglected to properly dispose of harmful chemicals such as silicone and trichloroethylene. Motivated by greed, the…

Eloise Jarvis McGraw is the author of Golden Goblet tells us about the life of a boy that lives in ancient Egypt. The novel tells us all about how the life could have been and may have been like in Egypt. The most important part of Golden Goblet is when Ranofer found the goblet , because it led him to answer many questions to prove him right, led to zau finding out by them running up to him telling him that someone found a goblet, and it led him to going to the courtyard gate.…

The Market Basket case focuses on how a family, when communication between members breaks down, can single handedly bring the downfall of a powerful, large, influential company. Even though a family owned company may start out working well, there is a high chance that after several generations, the communication between members falls apart and the avarice between members increase leaving the company to fend for itself as the families dual it out to figure out who has sole ownership of the…

Crimes Against Nature by Robert Fitzgerald Kennedy is an informative book that unearths the atrocities committed by the Bush administration in the early 2000’s and how, due to donations and appeals by corporate cronies, they bought and corrupted the political and scientific spheres of America so that massive energy corporations could rake in larger profits. Kennedy’s narratives take place during the years of George W. Bush’s first term as President from 2000 to 2003. However, Kennedy often…

After gathering information from Columbia Southern University library database, I discovered articles about Wells Fargo unauthorized accounts opened in state of Pennsylvania. The authors dialogue expounds the huge waking in the scandal that affected and triggered intense scrutiny in company’s sales platforms. In the wake of a nationwide scandal over its sales practices, the author’s point of view was to give Wells Fargo customers the insider into how the problems will be investigated, and…

Bankruptcy “America has the only legal system that in a sense actually encourages a company to seek bankruptcy protection long before a full blown financial collapse is near, allowing a business to file Chapter 11 petition even though it is not insolvent” (Labaton, 1990) If the firm defaults, it can either reorganize through a private workout a formal bankruptcy filing, or it can liquidate its assets. The equity holders in control of the firm make this decision based on equity value in three…