McKesson & Robbins scandal

White-collar crime, according to Merriam-Webster, refers to, “a crime that typically involves stealing money from a company and that is done by the people who have important positions in the company”. In modern society, white-collar crime may not be as obvious as violent crime, but its consequences leave major impacts on the world, particularly financially. Beginning in 2002, Wells Fargo began transforming into one of the largest criminal enterprises in history. Over the past 15 years, this…

Situation Analysis The case begins with Dave Hersh, CEO of Jive Software, addressing a meeting of all employees and he was looking at shell-shocked faces of Jive Software employees after a massive layoff of 20 percent of workforce. After a year of record sales in year 2007, Jive has increased its sales force strength too quickly to match the sales growth and sale force started to miss the sale quota from the 2nd quarter of 2007 and his plane of sale in the in 2008 was even higher than 2007. The…

Enron - Scandals in Auditing Introduction: In 2000, Enron went from being one of America’s largest company, to filing for bankruptcy in 2001. This scandal is pinnacle in understanding how the regulation of auditing has reformed and how new legislation has been issued in an attempt to prevent such fraud from reoccurring. The number of stakeholders affected by such a scandal is unaccountable, from employees to governmental bodies and leading to the dissolution of the firms’ auditors, Arthur…

INTRODUCTION: This case involves two unknown male Hispanic’s gaining enter into the MailBox Planet building located at 530 S. Lake Ave. Once inside the business, one of the suspects cut the lock that was on the inner gate (separates main office from mailbox area). The suspect entered the main office area and stole approximately 12-15 packages. The suspect left the scene, traveling in an unknown direction. LOCATION DESCRIPTION: The incident occurred at 530 S. Lake Ave. (MailBox Planet). MailBox…

1. There were several corporate governance issues in this case, including the lack of protection of investors, an ineffective, non-independent board of directors who lacked an inquisitive nature and the creation of CEO duality which enabled Eisner to accumulate unfettered powers. Under Eisner’s direction, revenues grew from $1.5 billion to over $30 billion and ‘share price rose from approximately $57.00 per share to $71.00 per share during Ovitz's tenure’ (Stephen and Haupert, 2011), however…

Toshiba’s Accounting Scandal Toshiba is a leading Japanese multinational conglomerate which provides diversified products and services such as electronics, home appliances, information & communications systems, medical equipment and power systems. The company was founded in 1875 to pioneer in high technology not only in Japan but also anywhere in the world (“About Toshiba”). Unfortunately, an independent investigation had revealed one of Japan’s biggest accounting scandals in 2015 just…

The Checkers speech was created by Richard Nixon during his run for vice president in response to allegations that he misused funds meant to reimburse his political expenses. The media accused Nixon of accepting bribes from supporters in exchange for favors should he become vice president. In this speech, Nixon defends himself and attacks his opponents through the use of rhetorical skills and devices. Throughout the speech, Nixon seeks to improve his own credibility to viewers, while…

HP splitting itself into two firms is a result of bad acquisitions over the years that ultimately led them into further debt and free fall stock prices. The acquisition of Compaq cost the company 25$ billion along with Autonomy for another 11$ billion. Prices paid were costly and ultimately that led to a share drop of fifty percent. While major competitors continue to exponentially grow such as Dell, IBM, Apple, and Cray all HP can fonder is the major debt pile built. The only resolve to…

Even though Some people believe he tried to rob his customers for his new technology being so overly expensive, Bill Gates should be remembered for making the huge technology advancements. because He is a Co-owner of the giant international company Microsoft. and He is very successful in life and has done everything right down the road in which got him to be so overly successful. Some people believe he tried to rob his customers for his new technology being so overly expensive. As with…

The fraud that Bernard Madoff committed was discovered in December 2009, which was based upon a Ponzi scheme. He did so by taking money from new investors to pay earnings to old customers. The higher the number of his clients who wanted to withdraw of retire their investment, the more revenue he would need. Ponzi scheme is named after Charles Ponzi whose crime was discovered in July of 1920 by the Boston Post. Madoff started in the investment business legally by buying and selling stocks that…