Enron scandal

Sir Isaac Newton, the famous English physicist and mathematician, was undoubtedly one of the smartest people in the history. Back in the spring of 1720, Sir Newton owned shares of the South Sea Company, the hottest stock in England at that time. At first, he sensed the market was going rogue, and as O’Farrell recorded in his book in 2007, he described himself as a man who “could calculate the motions of the heavenly bodies, but not the madness of the people.” He sold his South Sea shares,…

Phaneesh Murthy-An Introduction A business magnate, Mr. Murthy served as the Director of Infosys Ltd. In 2000 where he was fired from the company 2 years later. In 2003, Mr. Murthy became the Chief Executive Officer of iGate Corporation where he became the President in 2006 & later got re-elected in 2010. The board of iGate removed Mr. Murthy as President in May 2013 in view of an ongoing investigation against Phaneesh. An alum of prestigious institution such as the Indian Institute of…

21, the case went on trial, less than a month ago - an interesting reminder to us in India that it shouldn't take years to decide if someone is innocent or guilty. II. Indian Frauds 1. Satyam scam The Satyam scandal was a Computer Services scandal and is one of the major corporate scandals in the history of India. It occurred in 2009 under the chairman ship of Ramalinga Raju who later on confessed that the accounts of the company have been falsified by US$1.47 billion. The following timeline…

Jeffrey Wigand was a primary source to CBS during a time where tobacco was on the rise. Wigand had valuable information for the public that could ultimately damage the tobacco industry and Brown & Williamson’s reputation. Wigand was interviewed for CBS’s “60 Minutes” and spoke out about the horrible toxins in tobacco and cigarettes and that nicotine is addictive. CBS decided not to show this interview that was taped, had they, I don’t believe any libel charges would come of it. From what I have…

Hobby Lobby, the arts-and-crafts store operated by a Christian family which gained most of its publicity from a religious freedom case at the Supreme Court in 2014, has recently been gaining media attention once again — but this time, under accusations of smuggling biblical artifacts. The company came under fire when the U.S. Department of Justice found that it broke federal laws when it purchased and brought to America artifacts including clay bullae, cuneiform tablets, and cuneiform bricks…

1 INTRODUCTION John Morrison(JM) is a cosmetics company that is established in the UNK since 1984. Couple years ago it was bought by Estelle Lorean (EL). Currently, JM is running through a big change in the company. New management team is being introduced. 1.1 IMMEDIATE CAUSE The new management team of John Morrison is executing changes throughout the whole company; stressing out on the introduction of an integrated system that supports manufacturing activities, logistics, retail and etc.…

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…

Part A 1. Name of company and date of collapse. Identify the name of the business and when the business collapsed or was put into Administration. The company I have chosen to research for this task is Dick Smith Holdings Ltd which was placed into administration on the 4th of January 2016. 2. Reasons identified for collapse. Detail the reasons provided for the collapse of the business. There are a lot of different reasons that all played a major role in the collapse of this company. The issues…

FedEx FedEx is charged with illegal drug trafficking in San Francisco at night. FedEx knew for a decade that they were using pharmacies services. They took steps by setting up special credit policies for internet pharmacies to protect its business. They did this because so when the police shut down the internet pharmacies they won't be broke. According to USA Today it stated that FedEx was ignoring all of the warning from DEA- Drug Enforcement Administration also form the FDA- Food and Drug…

When the American heavy metal band Metallica, unleashed their self-funded movie, the 2013 American IMAX thriller concert film - 'Through The Never,' it stimulated the interest of Metallica's fans, only to leave them perplexed and confused by its plot, which is extremely complex and difficult to follow. The 'Through The Never' film was such a commercial failure that the members of the Metallica band lost millions of their own money. In an interview with the Metallica's fan club magazine, the…