The purpose of the project was to convert the trust division’s outdated information system into a more efficient system using Access Plus, new trust and custody management software made by Select One. The project had been initiated in 1993 under a former CEO, who had been dismissed by the board, and had continued under an interim CEO. By the time Walsh arrived on the scene, over two-thirds of the $18 million budget had been invested in the implementation of the IT project and Providian Trust had built up expectations among clients that the new system would dramatically improve service. Though the company had experienced transitions in leadership at the CEO level, the Access Plus project had stable leadership under the direction of senior vice president of Trust, Investment & Treasury Michael LeBlanc. It was LeBlanc who had argued before the board in April 1994 that the information technology project was critical to the
Had her company had proper controls in place for travel and expense reimbursements, this probably would have occurred to this magnitude. Donnelly was targeted in an internal investigation because she was one of three employees with the highest amounts of travel and expense reimbursements totaling, $115,000. One of the red flags in the case was the fact that Donnelly’s supervisor had only submitted $40,000 in travel and expense reimbursements that year. It turned out that Donnelly had been using several different schemes to accumulate such an outrageous amount of travel and expense reimbursements. The first of these schemes would be the mischaracterized expense reimbursements scheme.
Under the direction of Monus, the company had many accounting issues that could be easily caught by any auditor. The issues stemmed from embezzlement by Monus for both personal and professional pursuits and fictitious inventory on the books that covered the company’s losses. By 1992, three of the company’s four financial executives had previously worked for Phar-Mor’s auditor, Coopers & Lybrand. Therefore, Monus and other executives used their knowledge of the audit process to cover up their fraud (Williams, 2011). First, the company created “bucket accounts” where cover-up activities were recorded and then moved and divided between inventory of existing stores.
According to cells online.com (n.d.), “Consumer demand quickly outstripped the cellular phone system's 1982 standards, by 1987, cellular phone subscribers exceeded one million, and the airways were crowded.” In 1982 cell phones were mostly owned by wealthy individuals or upper echelon business owners. They were considered a status symbol and since the power needed for them was demanding, they mostly were installed in cars they were not the cell phones of 2008. Over the last 25 years as mobile phones progressed they started to fall in pricing and size, original phones were large and expensive and out of the reach of most consumers. According to PCWorld a study suggested Shah (2007), “Cell phone ownership showed a dramatic increase globally, Wike said. In 2007, 81 percent of the U.S. population owned a cell phone, a 20 percent increase compared to 2002.” In a current figures according to MSNBC Sullivan (2008), “The cell phone industry, ... has some 137 million paying customers in the United States…” The growth for phone ownership is off the charts and along with the enormous sales of the units, technology has kept pace.
The judgment was entered in two consolidated actions, one brought by the Antitrust Division of the U.S. Department of Justice and the other by nineteen States and the District of Columbia which launched the antitrust suit, accusing the company of trying to drive competitors out of business. This group collected facts and insight from both the consumer/government and Microsoft to show the merits of the case from each side. In the long run, justice was on the side of the consumer and small business owner. The case went to trial in October 1998. Government Side Judge Thomas Penfield Jackson found that software developer Microsoft violated the Sherman Antitrust Act.
SEC 280 Week 1-6 Complete Case Studies Purchase here http://homeworkonestop.com/sec-280-week-16-complete-case-studies Product Description SEC 280 Week 1-6 Complete Case Studies SEC 280 Week 1 Your boss has just heard about some nefarious computer activities called ping sweeps and port scans. He wants to know more about them and what their impact might be on the company. Write a brief description of what they are, and include your assessment of whether the activities are something to worry about or not. This assignment requires two to three pages, based upon the APA style of writing. SEC 280 Week 2 You are the Information Security Officer at a medium-sized company (1,500 employees).
Mr. Wallace continues direct operational control over the Electronics Group. Several years ago, Wallace and the Board embarked on a strategy of diversification into plastics and chemicals in order to decrease the company’s dependence on defense-related business. Presently, the morale within The Wallace Group has deteriorated to the point where some of the employee stockholders made an attempt to force Wallace’s resignation. As a result of this crisis, Wallace has hired YOU, a management consultant, to
"Competition among business divisions" over which one had the "youngest" receivables "has stimulated the posting of memo entries in advance of actuals," Folk, the revenue operations chief, wrote in a 1997 e-mail quoted in a lawsuit later filed by an MCI partner. "In time this practice became more the rule than the exception." Folk admitted in a deposition that this had led to "fudging" the age of receivables on MCI's books. What was in it for employees? "They get to keep their jobs."
Airborne Express Case Study Questions - Solutions 1) How and why has the express mail industry structure evolved in recent years? How have the changes affected small competitors? When the concept of Federal Express, an airline dedicated solely to the express delivery of mail, was conceived by Fredrick Smith (a student at Yale), it was thought of as Humbug and it got him a C grade on his term paper. What the faculty failed to envision is that this very concept would majorly impact and even transform the way mail was delivered all across the United States. The eventual launch of the Airline FedEx, led to a revolution in the mail delivery industry.
Those with similar minds have come together to go on board on this new mission with the rebirth of Japan after WW1. After a while we realized that Japan needs a company like ours said Mr. Masaru Ibuka in an interview (Sony.net: 2015). Last year Sony was fined $250,000 after a serious contravention of customer data after play station network was