The Watergate impact on the United States and conclusions A. Summary thesis statement B. Personal reflection V. Bibliography A. Five books B. Three web sites Watergate Scandal “The Watergate scandal was an American political scandal that occurred following a break-in at the Democratic National Committee headquarters at the Watergate office complex in Washington D.C. probably to steal certain information concerning the president’s illicit dealings with billionaire and aviator Howard Hughes and most probably to get information in order to black mail the Democratic Party during the election period.1” The term Watergate comes from the Watergate Hotel in Washington D.C. where people believed Nixon’s scandals first occurred, which was on May 28, 1972.
In this essay, I will discuss the circumstances that resulted in the merger, assess the significant positive (or negative) effects of the merger, and examine the organizational structure that has resulted from the merger. American Airlines filed for bankruptcy in November 2011. According to an interview with Richard Quest of CNN, Thomas Horton the new CEO of American Airlines stated that the company was forced into bankruptcy because of the cost disadvantages it faced compared to it’s competitors that had already gone through a bankruptcy. The news came as a shock to many. The company had enough money to sustain the losses that it may incur through
These scandals cost investors billions of dollars when the share prices of affected companies collapsed, and shook the publics’ faith in the security markets. When examining the SOX act you can see that since 2002 many things have changed in the past eight years. Corporate governance is one of many things that have changed; Public companies must now have a totally separate audit committee composed of entirely independent directors and must contain one financial expert. Security fraud now has much more extreme punishments for those who commit or conspire to commit fraud. Since the introduction of SOX auditors of public companies must keep documentation of an audit for seven years, destruction of any documentation or evidence that someone has committed fraud is now punishable by jail time and fine.
Providian Trust: Tradition and Technology (A) A New CEO Within two weeks of accepting the position of CEO of Providian Trust Company, Stephen Walsh, a lawyer by training, faced an unusual corporate conflict and he would have to play the role of judge. There was an extraordinary difference of opinion between Providian Trust’s internal auditor, Peter Storey, and the leaders of a major information technology (IT) project in the trust division. “Peter’s extremely vocal point ran to the issue of documentation, that it was incomplete and should be brought up to speed,” explained Walsh. The conflict reached a climax during an Audit Committee meeting on May 13, 1995, when members of the committee, who were all on the Providian Trust board of directors, expressed to Walsh that they had lost confidence in the internal auditor and recommended that the external auditor, Steinman & Smith, do an analysis of the project documentation prior to implementation. 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.
There is Martha Stewart, Ivan Boesky, and Michael Millken who were found guilty for fraudulent activities. Martha Stewart was an American Business magnate, media personality, and magazine publisher. Her ventures focus on homemaking. Martha Stewart was under investigation for selling hundreds of shares of ImClone Systems just prior to the Food and Drug Administration’s refusal to approve the company’s new cancer drug. In June 2003, she was charged with securities fraud, obstruction of justice, conspiracy and making false statements to prosecutors and the FBI (Marks, A, 2004).
CalPERS vs. JC Penney Overview CalPERS investment program began on February 22, 2000 when they included JC Penney on their annual Focus List. CalPERS further exclaimed that due to declining sales and a deteriorating customer base they had lost confidence in Penney’s management. Subsequent to the release of their focus list JC Penney made numerous strategic decisions to revitalize and boost the value of the company. Penney forced their current CEO James Oesterreicher to retire. Next instead of promoting from within, they searched for new blood and hired former Barney’s CEO Allen Questrom.
Business Ethics Homework 6 20 March 2013 GlaxoSmithKline Case 1. Since 2005, GSK was hit with several severe lawsuits regarding product liability. When Andrew Witty was assigned the chief executive role of the company, post-merger, the ice of shares declined 50 percent, which harmed the company’s earnings, sales and reputation. The first ethical lapse came about when GSK was criticized for selling drugs to the public without informing its buyers of the detrimental side effects. The detrimental product was Paxil, designed to relieve depression, generated disastrous side effects such as addictive behavior and birth defects.
Jordan Hall ACCT 201-A Cassandra Catlett 10/15/2012 “Olympus and Ex-Executives Plead Guilty in Accounting Fraud” Business Article Review The Olympus Corporation, which is a company that makes camera and medical equipment, and three of it’s ex-executives pleaded guilty on accounting frauds on September 11, 2012. This was the biggest cover up in Japanese business scandal history, because it was comprised of a 1.7 billion dollar cover-up. The person who brought this problem to the public’s attention was earlier fired for bringing up the subject of this to the board of the company. The former chairman of the board, Tsuyoshi Kikukawa, was at least ethical enough to admit that all of the blame should be put on him and he was genuinely sorry for his actions. The other two men that were involved and also charged with this crime were Hisashi Mori and Hideo Yamada.
The Watergate scandal (or just "Watergate") was an American political scandal and constitutional crisis of the 1970s, which eventually led to the resignation of President Richard Nixon. The affair was named after the hotel where the burglary that led to a series of investigations occurred. In the early 1970s, when Richard Nixon was running for reelection, someone broke into the headquarters of the Democratic National Committee, which was in an office/residence complex in Washington, D.C., called Watergate. The scandal erupted when it was learned that the perpetrators were part of the Nixon administration, and that the White House had audio tapes to prove it. Congress pressured the President for many months to provide these tapes, while
Then, this report will analyse the case thought its external environment, and give some evaluation on its business response. Case study overview In July 2003, according to relevance investigations, Chinese authorities announced that the senior executives of GSK have paid nearly 3 billion Yuan (HK$3.8billion) to more than 700 travel agencies and consulting firms to facilitate bribes over a six-year period (Anderlini and Jack 2013). And four senior executives of GSK Chinese Company had been taken criminal compulsory measures by police on suspicion of economic crimes. Then, GSK issued a statement on its official website saying, they are disappointed deeply for some individuals’ unethical actions at company and third-party agencies and these serious allegations of fraudulent behaviour. They will co-operate with the Chinese authorities’ following investigation as well.