Jeffrey Zaslow

In chapter two of our Business Essentials book, the author discusses lobbyists and PAC’s. I could not believe what I was reading. I understand that lobbyists come in all shapes and sizes, from the concerned citizen speaking their mind to business conglomerates. What I didn't understand is how the government allows its elected officials to sit in these businesses or organizations back pockets getting rich as the average American suffers. Allowing those businesses to influence politicians how they…

On July 21, 2002, WorldCom, one of the nations leading companies in Telecommunications, filed for bankruptcy and exposed an $11-billion-dollar fraud, making it one of the largest in all time. Spearheading the scandal were six employees, Bernard Ebbers the CEO, Scott Sullivan the CFO, David Myers the accounting controller, Buddy Yates the Accounting Director, and Betty Vinson and Troy Norman the accountants. The scandal went to federal trial, and after six days of jury deliberation, all six of…

Further developments led to use of human leukocyte antigen systems for identity testing. There was a long stagnant period in this field and approximately thirty-two years ago a geneticist at the University of Leicester in the United Kingdom, Sir Alec Jeffreys, laid the foundation for identity testing on the basis of genetics (Saad,…

The Sarbanes Oxley Act of 2002 which was also called SOX was published by the Congress in 2002 to protect investors’ interest (SOX, 2002). After the enactment of SOX, corporate financial reporting was more strict and normative. However, there were a lot of accounting scandals before 2002. And the Enron scandal attracted the most public attention of all the scandals. Enron was created in 1985 and was one of the largest energy companies around the world. However, in 2001 and 2002 the company was…

First this paper will discuss who is the Zodiac. The Zodiac is a self-proclaimed killer. He was linked to five murders and taunted the police in northern California during 1966 to 1974. In October of 1966 the Zodiac killed a young woman, then in December of 1968 he killed two teens, he also killed another two young women in July and September of 1969, and a middle aged man in October of 1969. The Zodiac was also famous for his anonymous letters to taunt the police. On the website…

In the case of United States vs. Walter Liew, Liew is being charged with over 20 criminal counts, with one of them being misappropriation of trade secrets (Levine). Liew had gotten paid millions of dollars by a Chinese company to apprehend trade secrets of the American company Dupont in order to solidify the company in China. Liew, 56, living in California, received 28 million in order to bribe engineers and other employees for confidential paperwork that the Chinese company wanted. What was the…

Jack Welch makes the famous CEOs list because his management style is taught at business schools throughout the country (and the rest of the world!). His trademark "the Welch Way" has become an online MBA program in its own right, as the graduate business program of Chancellor University. In addition to holding the distinction of being the youngest CEO at General Electric, he has also written two business books, wrote a regular column for Businessweek magazine, is frequently called upon as a…

Enron was the 7th largest corporation in the United States when it completely went under (Enron). In the year 2000, nobody would predict that the name Enron and the word bankrupt would ever be in the same sentence. Back then, Enron had the same reputation as Google and Apple today. Their stock prices were some of the highest, investing in them was deemed the safest, and everybody recommended buying their stock. Then a few months later, they were completely gone. How did a company as big as Enron…

biggest insolvency redesign in American history around then, Enron was refered to as the greatest review failure.[1] Enron was framed in 1985 by Kenneth Lay subsequent to combining Houston Natural Gas and InterNorth. Quite a long while later, when Jeffrey Skilling was employed, he built up a staff of administrators that, by the utilization of bookkeeping escape clauses, extraordinary reason elements, and poor money related reporting, could shroud billions of dollars paying off debtors from…

According to Accountingdegree.org, the Waste Management Inc. Scandal was included in “The Top 10 Worst Corporate Accounting Scandals of All Time.” Waste Management formed in 1894 by Larry Beck and it has grown tremendously over the years. What began as an idea, sparked from one person hauling garbage in a wagon, soon turned into a successful production that currently provides service to over 20 million customers. The industry states it “Partners with it’s customers and communities to manage…