Memorandum To: From: Subject: Date: Brian Ebbers xx Accounting Fraud at WorldCom September 14, 2007 Issues Though WorldCom filed for bankruptcy protection in 2002, its problems were building for many years before they culminated in its failure. Firstly, WorldCom had no long-term vision for the company and the CEO, Brian Ebbers, built the company’s strategy for success on rapid acquisitions that was no longer tenable after 2000. Once the acquisitions strategy failed and the market suffered a downturn, there was nothing to fall back on to guide the company through more difficult times. Secondly, WorldCom lacked a cohesive corporate governance code and had an extremely top down, centralized structure, which became a significant issue when the managers at the top were corrupt. Finally, the Board of Directors was not sufficiently independent or engaged to oversee WorldCom’s affairs.
Unless, that is, you’re at work. Simply put, there is no First Amendment right to “free speech” in the workplace” (para. 1). Employers restrict speech in the workplace like political because it can lead to hostile work environments and unproductive to employers (Dolgow, 2012). CFO Adam Smith posted a video of himself bullying a Chick Fil-A employee because she worked for in his words a homophobic company and was terminated for poorly representing his employer (Dolgow, 2012).
The work was more difficult than expected, and the supervisors treated employees badly. Employees received little information about the rig’s future and were exposed to unnecessary safety risks. The employees unionized after one mate died in an accident. O’Neill eventually quit his job. 2.
"1 [6-pt scale. The capital plan. And we rank the board of Southwestern as one of the worst boards within upstream energy. Even with the CEO change, we feel the Chesapeake acquisition and the way they financed it was just border-level incompetence. Our view, we no longer own Southwestern, and one of the reasons we do not own Southwestern is specifically because of senior management and the board.
Classic Airlines Marketing Solution MKT/571 March 14, 2011 Steven Knabe Obviously Classic lack basic marketing concept, and this have further deteriorate the image of the company and alienate its customers. Kotler and Keller (2007) stated that” a product is anything that can be offered to a market to satisfy a want or need.” The product been offered by Classic have failed to address customers want or need and the competitors have seized the opportunity to attract some of the Classic customers and shrink both Classic market and profit. Been in the airline industry for over 25-year, Classic airline have not demonstrates its marketing strategy, and this has been the root cause of major financial setback facing the company. Business unit strategic planning process would be used to assess the Classic present condition and recommend appropriate course of actions to re-strategize the company for better performance and efficiency. Business Mission Dedication to the highest quality of customer service delivered with a sense of warmth, friendliness, caring and company spirit.
If the employee performance does not improve to a satisfactory level within the specified period of time, termination will follow. (Schumacher, 2008 p.13) Pat contends, in the scenario, that he did sign a statement of understanding regarding NewCorp’s at will employment policy. However, Pat believes that the aforementioned clause in the personnel manual should render his termination invalid. As well, Pat recently became vocal at a school board meeting on a very unpopular issue. He contends that, as a result, senior management at NewCorp became noticeably unfriendly and that this played an integral part in the decision to terminate his
In the years leading up to when Hitler became chancellor the German government was in a constant state of limbo. Governments were ineffective due to parties being reluctant to work alongside each other. There was a global financial meltdown. The German peoples were becoming more and more cynical of democracy and if it could ever work. When the stock market collapsed on Wall Street in October, 1929, it sent financial markets worldwide into a meltdown this was tragic for the German economy.
Part One Is this a hostile takeover? Yes this was a hostile takeover according to the text a hostile takeover is the acquisition of a formerly independent business where the acquired business resists the union (McAdams 876). AgroVate didn’t want Bijoux or Pearson the president taking over their company. They felt if he were to takeover that he would fire everyone who worked for AgroVate and bring in his own employees. The Maxxo brothers apart of the board of directors didn’t want that for his loyal employees.
According to the boss, “nothing so aggravates an earnest person as a passive resistance.” “The passiveness of Bartleby sometimes irritated me. I felt strangely goaded on to encounter him in new opposition-to elicit some angry spark from him answerable to my own.” (Melville 13) Bartleby’s refusals in the office escalated and became more frequent. Finally, one day he declared, “I have given up copying” (Melville 21), and he stopped working completely. He totally shut down- incapable of meeting the demands of Wall Street society. The boss had no choice but to fire Bartleby.
October 25, 2011 Case Study 1.1 Enron Corporation 1. I believe most of the responsible party’s for the Enron crisis would have to be the corporate executives, individual auditors, the leadership of the Anderson firm, and the many regulatory authorities that were involved with the Enron Corporation. I said the many regulatory authorities because they failed to take any proactive measures to limit the ability of rogue corporate executives, accounts, and auditors in their professional responsibilities. Corporate executives would be responsible because they insisted on using aggressive and illegal accounting and financial reporting plans. Individual auditors are responsible because they made unprofessional decisions that tainted the integrity of auditors.