McKesson & Robbins scandal

INTRODUCTION Bernard Madoff was a former chairman of NASDAQ stock exchange. He started his investment advisory firm on his own. He has be guilty for the defrauding of the investors of amount $50 billion which he was running the biggest Ponzi scheme for around two decades. In 2008 December when there were economic disturbances and meltdown in the United States Madoff couldn't carry his functions and satisfy his Investors requests of cash. He decided to come clean and accept the fraud he has…

Government scandals have plagued our nation for many years. The Reagan Administration lead the way of one of the major scandals in our history, and the impacts of this scandal were treacherous. The trust of the people of the United States of America were what was destroyed. Reagan was believed to have been the key figure in these exchanges with Nicaraguan Contra, but he claimed to have known nothing about it. In total, 11 people were found guilty on the White House staff for many different…

at the expense of the American consumer. Additionally, Enron used investing companies to hold onto huge amounts of debt and then buy them back at a later date, so as to make the Enron appear profitable. This was seen in the Nigerian Power Barges Scandal, in which Merrill Lynch bought three power barges from Enron only to have them buy them back in a few months, all to allow Enron to avoid reporting this debt. Activities such as these only emboldened the call for regulation and eventually for the…

On the schemes done by Walt Pavlo, many ethical problems were occurred and it will be figured out based on six hyper norms consisting of honesty, fairness, compassion, integrity, predictability, and responsibility and determinants of reputation which are credibility, reliability, trustworthiness, and responsibility. Because of the lapping, account receivable which involved the fraud did not show as old aging receivable. Generally, it can be easily done by a smaller business which has one…

From the case, we know that the Imclone company was almost destroyed due to the conspiracy of Martha Stewart and Peter Bacanovic. The fact is that, in 2001, 28th 0f December, SEC rejected the approval of a kind of medicine. However, before this big day, CEO and her stockbroker sold their stock, making the share price plunged. Thus, Martha Stewart and Peter Bacanovic were convicted of conspiracy, making false statement and interfere with a public function. At the same time, Lawrence Stewart, an…

The article, “The Talent Myth,” by Malcolm Gladwell analyzes the connection between hiring, retaining, and disproportionately promoting employees based on their inherent talents or potential to succeed, an atmosphere which challenges societal norms of rewarding employees based on experience and performance. Not a fan of this myth, Gladwell claims an organization that supports this environment lacks tacit knowledge, promotes narcissism, and creates a decentralized organization system. While the…

Introduction - Historic Enron Financial Scandal The merger between Houston Natural Gas and InterNorth produced Enron in 1985 which started off slowly specializing in the natural gas and then grew to start increasing its product range. Kenneth Lay founded Enron and became Enron’s Chairman and CEO. However, Enron management aggressively decided the need to grow faster, increase investor’s confidence, attract more investments and increase their credit rating. In order to achieve their vision, the…

In the early 2000s, the business world was rocked by a series of scandals in the business sector and many of which involved suspicious accounting activities. One of the largest of these failures was a company known as Enron. Due to their involvement with Enron, the Enron debacle is sometimes referred to as the Enron/ Arthur Andersen scandal. The inclusion of Arthur Andersen in the Enron scandal was due in part to the fact that Andersen handled the accounting for Enron for approximately sixteen…

Politically, Leo Braudy witnessed many life-changing events in the world during his post-grad education. With the assassination of John F. Kennedy happening the same year as his achievement of a master's at Yale University. Also in 1972 the Watergate Scandal was a happening while Braudy was working on his Ph.D. Socially, the 1960’s was an…

one that shows how approval of the president can affect the impeachment process as well as how the nature of the scandal or events in it can skew what the public decides to pay attention to. In the Whitewater Scandal, Bill and the First Lady, Hillary Clinton. While Bill Clinton was the Attorney General of Arkansas, he made a deal with Jim McDougal and his wife, Susan. They became business partners. Their partnership was called the Whitewater Development Corporation. During this partnership, they…