Raju's Ramaling the Former chairman of the company, was sentenced to seven years of imprisonment. The event which also call Enron of India, belongs by the time of 2009, Raju wrote the letter to securities and Exchange Council of India (SEBI) and shareholders of the company, having recognized that it operated profit of the company, and deceive investors. Nearly $1 billion, or 94% of the cash-book was fictitious. In the direct response to recognition investors lost just as RS of 14,000 crores ($2.2 billion) as actions in Satyam collapsed. Raju explained the reasons in the letter to make inflation as follows:" As patrons held small percent of the capital, caring that unsatisfactory work will lead to absorption, thus exposing an interval "."
The Takeover of Volkswagen over Porsche Prof. Julian Franks The Takeover Of Volkswagen Over Porsche – Calculating The Bid Premium The takeover of Volkswagen over Porsche has a long history. In fact, this is one of the most dramatic takeovers in the car manufacturing industry. Porsche had been trying to take over Volkswagen for many years. Its attempt failed in 2009 as it fell short of acquiring the required 75% stake. The global financial crisis and the slump in the global automotive sector made it difficult for the carmaker to raise enough money to buy the required stake.
Abstract Microsoft has been investigated several times for antitrust violations. While most of those cases led nowhere, there was one suit brought forth that “the US articulated a compelling story of anticompetitive activity…” (Lopatka, 2008, para 1). Microsoft’s questionable practices were brought into light and determined to be in violation of the Sherman Act. This paper discusses what antitrust claims were made and whether those claims were valid. Microsoft and Antitrust Violations The purpose of antitrust statues is to preserve and promote free market competition in the United States (Mallor, Barnes, Bowers, & Langvardt, 2010).
On June 26th of 2002 the truth behind Ebbers and WorldCom went public. Ebber’s was convicted of an 11 billion dollar accounting fraud at telecom. On March 15th of 2005 Bernie Ebber’s ended up being guilty of conspiracy and security fraud. Ebber’s knew right from wrong and he ended up causing the biggest bankruptcy in history. The sympathy lies within the victims for the loss of 30 million dollars all together.
U.S. LAW VS APPLE Payal Shah Herzing University Madison Abstract Apple Computer Inc., established in 1976 and incorporated from January 3, 1977. The founders of Apple Inc. was a Steve Jobs and Steve Wozniak. Now it is a multinational organization and running so many businesses like consumer electronics, personal computers, computer software, and commercial serves and is also a digital distributor of media content. The Apple in itself is a big name and brand to work with. The Apple Inc. is currently involved in e-books price fixing and it has reached a settlement with 33 states over electronic book price fixing and its paying fine to government around $400 million.
Enron Information 4/25/12 Called to Account In “Called to Account” the court case involving Arthur Andersen’s trial for its part in the Enron scandal. Arthur Anderson was the accounting firm that was auditing Enron for the year in which it falsified its financial statements to appear profitable in years that it was really taking losses. Nancy Temple, Andersen’s lawyer was one of the main culprits in the scandal being that she tried to cover up and hide things from the SEC. The article also brought to realization that the incident was so bad in the eye of the public that Arthur Andersen would most likely no longer exist. Thomas, Cathy Booth.
Challenges RIM Faced Protecting Its Intellectual Property One of the biggest challenges RIM faced by protecting its intellectual property was from a patent lawsuit filed in 2000. NTP was a patent holding company based out of Virginia. The company offered to license patents related to RIM’s wireless email system. They believed they owned the intellectual property behind BlackBerry. Since RIM’s CEO, Mike Lazaridis did not respond, NTP filed a lawsuit.
What are the economic crimes that Microsoft is guilty of? Is it, in fact, true when the critics argue that, “Microsoft gained its dominance over 20 years... [which ended] with a virtual barrier to entry for rival operating system software markets“ (The Making of a Monopoly). Is it true that Microsoft has eliminated all of its concurrent competition, and stabilized its power to the extent of a complete monopoly. Or is there perhaps a validation for Microsoft’s practices in the saying that everything is fair in business. Two Theories of Monopoly Before mentioning the strength of Microsoft’s influence on domestic, as well as the foreign economy, it is crucial to examine the significance of a monopoly, and how it relates to a country’s fiscal structure.
George Clemenceau aimed to cripple the German economy with the high reparations figure. During this period, Germany had received between 27 and 38 billion marks in loans and by 1931, the German foreign debt stood at 21.514 billion marks therefore led to economic instability in Germany. Moreover, the treaty caused hyperinflation. This was linked with reparations figures Germany had to pay in the treaty of Versailles. In 1923, Germany had failed to make a reparations payment resulting in France occupying the Ruhr.
Prior to Sony’s acquisition, Columbia was managed by a similarly synergy-ambiguous partnership with Coca Cola. With Coke unable to make the ‘free’ in-film advertising worthwhile, they set out to sell the studio. Unfortunately the studio was in poor condition in 1989, with its market share having dropped steadily from 19% in 1985 to 9.9% in 1988. Additionally, industry conditions were growing increasingly adverse. Operating profit rose at only 15% of revenues from 1979 to 1989, and studios were caught in dramatic consolidation schemes by massive corporations.