Medium of exchange

ImClone's scandal in 2001 through 2002 is a blatant example of insider trading in a company and culture that did not feel the rules applied to them. The company's CEO and cofounder, along with leading members, family and friends. Friends including, the founder of Martha Stewart Living Omni-media, Martha Stewart, who served five months for insider trading. After receiving a tip in December 2001 indicated that for Erbitux, a colon cancer drug made by ImClone, would be rejected by the U.S. Food…

healthcare providers, was the first company charged under the Sarbanes-Oxley Act. Richard Scrushy and several other executives were indicted for overstating earnings by over 2.7 billion dollars, and the company was investigated by the Securities Exchange Commission for insider trading. This case has been used to discuss and teach business ethics (Wang, Lin, Ju,…

Walter P. Schuetze, the Chief Accountant to SEC and the Chief Accountant of the SEC’s Division of Enforcement, published an article entitled “What are assets and liabilities? Where is true north? (Accounting that my sister would understand) in 2001. Mr. Schuetze addresses what are assets and liabilities? He asserts that “the FASB’s definition of an asset is so complex, so abstract, so open-ended, so all-inclusive and so vague that we cannot use it to solve problems” (p. 12). In my opinion, that…

The Sarbanes-Oxley Act of 2002 also called SOX or Sarbox is a law that aims to deter and prevent future accounting fraud, increase confidence in public company financial reporting and to protect stockholders. Although the regulations of this Act are not perfect and are the cause of many controversies whether this Act had a positive impact in American business or not, it led to changes in the corporate culture in the United States and abroad. Also known as the 'Public Company Accounting Reform…

RELATED CASES: None. STAT DATA: None. BWC ACTIVATED: N/A. SUPPORT DOCUMENTS: Two Collection Notices, Front/back copy of Counterfeit Checks 2019, 2027, 2028, 2045, 2048, and 2049, Judy Diamnd`s Correspondence, Check Notes, PSO Affadavit of Identity Theft, Photocopy of Judy Diamond`s Florida Driver License. On 07/20/2016, I spoke with Judy Diamond in the District II Lobby of the Pasco Sheriff`s Office in reference to fraudualent use of her personal identification. Ms. Diamond advised…

Heather Troain ACC960 The Martha Stewart Scandal History Martha Stewart is a household name. The famous homemaker is known for many things including her cooking shows to magazines to her line house wares, we all know who she is. She founded Martha Stewart Living Omnimedia Inc., a company involved in publishing, merchandising, and television. At an early age, Martha learned the basics of cooking, baking, and sewing from her mother and her father taught her gardening. After college, she…

In 2009 in America, Bernard Madoff, one of the most famous business men in the United States and a part-builder of the largest financial pyramid in American history, was convicted. It was one of the most known and big investment scandals in the history of Wall Street. Bernard Madoff, the founder of the Financial Pyramid, which attracted a huge sum around $50 billion, threw the USA in shock. Since the mid-60s of the last century, the name Madoff was synonymous with scrupulous honesty and…

High temperature proton exchange membrane fuel cells (HT-PEMFCs) are a promising clean technology, especially for automobile applications.1 These devices generate electricity from the chemical reactions that occur in the anode side of the cell, using H2 as a fuel and generating heat and water as by-products.2, 3 However, experimental studies using HT-PEMFCs show that degradation of the cell can occur after certain hours of operation (around 500 hours).4 Some of the factors that contribute to the…

A catalyst layer is usually the slimmest layer in a PEM fuel cell; however this is an extremely complex component because of its porosity, several phases, and reactions (Spiegel 2008). An efficient catalyst layer should provide several functions at the same time; transporting the electron and the proton, supplying oxygen and hydrogen and water management. The structure and composition of the catalyst layer affects all these roles. Optimization of the catalyst layer can provide for all these…

5). Halliburton’s business strategy is to promote diversity internally and among its suppliers. This mutual benefit to both Halliburton and it customers contributes to its success in a competitive environment. Halliburton’s culture is thrives on using innovation through mergers and acquisitions. According to World Oil 2006, Enventure Global Technology, a subsidiary of Halliburton, acquired Triad Pipe and Steel Company. The acquisition of Enventure gave Halliburton leverage in supplying…