Teapot Dome scandal

Sumitomo Copper Scandal (1995) Impacts on the Sumitomo Corporation The Sumitomo Copper estimated that the copper scandal, the financial scandal, gave rise to losses of $1.8 billion in June 1995. According to the company, the case would not affect their activeness and they would swallow the entire loss in the current fiscal year, which was about nine months after it took place. In order to cover the $1.8 billion losses, they would set aside a fund from the original executive bonuses and canceled…

The trade turnover for the Newport creamery in 1918 was reported at a substantial sum of £34,765. At the Nenagh Quarter Session of the County Court in October, in efforts to recoup the endured losses a claim was lodged by the society for £20,000. The magistrate awarded £12,339 in damages, which also included interest at six percent for the duration of one and a half years on the value of the stock destroyed. Furthermore, an additional fifteen percent was awarded for the increase in the price of…

Like all presidents of the United States, Richard M. Nixon left behind a legacy. His diplomatic relations with China and the Soviet Union benefitted the United States in many ways. However, the Watergate scandal marred Nixon’s presidency and clouded over all the good that he had done for the country. If placed on a scale, Nixon’s successes would definitely outweigh his failures. Nixon’s actions concerning the United States’ foreign policy proved to be beneficial. During his administration,…

The purpose of this report is to explore three major corporate scandals with regard to their irresponsible ethical behaviour and the lessons that can be learned from each. The three companies examined in this report include Tyco International Ltd, HealthSouth Corporation and Nimble Pty Ltd. Results of this report show that corporate scandals occur periodically and can have an effect on other companies with the first scandal occurring in 2002 by Tyco and then followed by HealthSouth in 2003 and…

Like any organization, the structure of the mafia represents the norms and set of values that is the road mat to how the organization would operate. Unlike any company however, the consequences of not following the structure of this organization could get you killed. The Mafia was structured much like any other business (outside of the killings). From everything from organizational; decision making, leadership and reward structure; the mafia was one of the most complex business organizations in…

A President’s Demise The Watergate scandal was definitely significant during the second of President Nixon’s’ two terms. At first, the public chose not to put too much attention towards the Watergate burglary. It was clear that the scandal required more attention than previously assumed. The more that people began to dig into the story, the more people realized how it seemed connected to the White House and more specifically, Nixon. The specific people hired for the burglary began suspicion.…

in significant financial loss to victims. A few well-known white-collar crime case made headline to aware of the seriousness. They are Enron collapse in 2001, WorldCom financial fraud in 2002, Bernie Madoff Ponzi Scheme in 2008 and Leman Brothers scandal in 2008. These frauds all linked to large amount of money. According to Friedrichs (2009), the financial damage result from white-collar crime in the United States with an estimate of $250 million to $1 trillion. Further, with a phone interview…

slope to doom President Nixon began on June 17, 1972. The Democratic National Headquarters was burglarized overnight at the Watergate complex; hence, “Watergate.” The authors of the book were the only journalists at The Washington Post covering the scandal. At first, the men couldn’t work together because of their judgements towards each other until their boss decided to pair them.…

Mesothelioma settlements Part 3 Mesothelioma verdicts if the plaintiff doesn’t agree to a settlement, the case will go to courtroom. In asbestos-related cases, the plaintiff will receive a verdict at the end of the trial. The compensation varies depending on whether the jury considers the defendants are legally responsible for their actions that harmed the plaintiff. In such cases, the legal responsibility would be for exposure to asbestos and the harm is often untreatable disease (mesothelioma…

Jefferson Clinton. These two presidents, unlike several others before them, are not known for their accomplishments and successful careers, but remembered in history for presidencies tarnished by scandals. However, neither of these men were entirely bad; their careers were simply highlighted by one horrific scandal. Both of these men were credible, well liked politicians during a majority of their careers.Nixon helped bring America out of the Vietnam War,…