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| | Corporate scandal - Wikipedia, the free encyclopedia |
 | | A corporate scandal is a scandal involving unethical behavior on the part of a company. | | | A wave of such scandals swept United States companies in 2002 (accounting scandals of 2002). | | | A corporate scandal sometimes involves accounting fraud of some sort. |
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http://en.wikipedia.org/wiki/Corporate_scandals
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| | BBC NEWS Business Enron scandal at-a-glance |
| | Sherron Watkins: Enron employee and "whistleblower" of the scandal. | | | The peer, a former Conservative energy minister, joined Enron as a non-executive director in 1994 and sat on the corporation's audit committee. | | | Labour's relationship with Enron's accountants, Andersen, has also raised questions, especially as the firm was taken off the unofficial blacklist for government work, where it had been placed after the De Lorean car scandal in the early 1980s. |
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http://news.bbc.co.uk/1/hi/business/1780075.stm
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| | Hexapedia - Accounting scandals of 2002 |
| | The Enron scandal has so far resulted in the criminal conviction of the Big Five auditor Arthur Andersen, and that firm has had to divest itself of its non-US partners. | | | These scandals have reignited the debate over the relative merits of US GAAP, with its rules-based approach to accounting, and International Accounting Standards and UK GAAP, which favour a principles-based approach. | | | In 2002, a wave of accounting scandals broke in the United States. |
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http://www.hexafind.com/encyclopedia/Accounting_scandals_of_2002
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| | About Impact of High Visibility Corporate Scandal on Business Student Attitude (Paper) |
| | Corporate scandals 30.2 34.4 35.4 3.06 26.8 36.8 36.3 3.18 | | | Corporate scandals were reported to be the least ethical, with almost three out of four respondents finding Arthur Andersen’s shredding of accounting documents to be highly unethical, and Enron executives’ inflating financial performance felt to be only slightly less unethical. | | | The impact recent corporate scandals have had on their attitudes is, then, important to understand. |
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http://phobos.ramapo.edu/~seisner/Impactof.htm
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| | Corporate Scandal |
| | Investigation centered on transactions of distressed corporate debt (that is, bonds of firms at risk of default). | | | Junk Bond Mis-Pricing Scandal, 2004 : These firms allegedly overcharged investors buying corporate bonds, and paid them too little when they sold them. | | | Khodorkovsky has been jailed for evasion of corporate taxes. |
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http://www.econstats.com/scandal.htm
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| | QandO: Another Enron-Type Scandal |
| | Another option for the creditors would be to seek to pierce the corporate veil of the selling entities to hold their owners liable. | | | Since the purchasing entity was owned by most of the same investors as the selling entities (another factor that will weigh in favor of finding a fraudulent transfer, by the way), the creditors may be able to recover from the individual investors. | | | The sellers will have to show that the selling entities received fair value and that the transaction had economic substance above and beyond merely stiffing their creditors. |
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http://qando.net/archives/003321.htm
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| | Corporate Crisis and Corporate Malfeasance- Social and Economic Policy - Global Policy Forum |
| | Besides revealing corporate malfeasance, the case of Arthur Andersen illustrates the danger of manipulation when accounting firms work both as consultants and auditors for the same company. | | | The aim of corporate accountability project is to be sure a company's products and operations are in the interests of society and not harmful. | | | This article analyzes the WorldCom scandal and argues that corporate accounting frauds are not isolated cases of badly behaving corporations, but form the basis of the economic boom of the1990s. |
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http://www.globalpolicy.org/socecon/crisis/indexcorp.htm
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| | Catholic Colleges & Universities: Corporate scandal as a teaching moment |
| | The scandals have given deans, instructors and students pause to rethink how the ethical principles that students come to know throughout their years at St. Thomas can support their decisions in and out of the workplace for their entire lives. | | | The belief that corporations exist to make a profit is the chief reason why “ethics is on the defensive” in most enterprises, said Peter Vaill, who teaches management -- the leading major in the business school. | | | He cited a recent example in which 200 senior managers were challenged to make the case that the primary reason for the existence of a corporation is for employment, not profit. |
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http://www.natcath.com/NCR_Online/archives/102502/102502z.htm
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| | USATODAY.com - Democrats press corporate-scandal buttons |
| | Shows (rhymes with "cows") is one of dozens of Democrats across the country trying to draw a clear line between the corporate elite and their victims. | | | Last month, Congress hastily approved a sweeping reform bill that tightens oversight of accountants and increases criminal penalties for fraud. | | | But asked about Congress' handling of corporate corruption, people rate the two parties nearly evenly. |
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http://www.usatoday.com/news/politicselections/2002-08-07-democrats_x.htm
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| | Public Citizen Corporate Welfare - Corporate Welfare |
| | These corporations receive a wide range of favors: special corporate tax breaks; direct government subsidies to pay for advertising, research and training costs; and incentives to pursue overseas production and sales. | | | Each dollar spent on these "aid for dependent corporations" welfare programs means one dollar less for environmental programs, support for education, assistance to those in need, tax breaks for families, or deficit reduction. | | | Each year, U.S. taxpayers subsidize U.S. businesses to the tune of almost $125 billion, the equivalent of all the income tax paid by 60 million individuals and families. |
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http://www.citizen.org/congress/welfare/index.cfm
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| | Citizen Works - Corporate Scandal Fact Sheet |
| | 40 Corporations that Arthur Andersen audited for in 2002 restated their earning at some time during that year. | | | The Federal Deposit Insurance Corporation (FDIC) is suing Ernst and Young for $2 BB for fraudulent accounting of Superior Bank FSB which the FDIC says cost it $750 MM when Superior Bank's FSB failed. | | | Citigroup worked to deregulate the S.E.C. so that brokerage and finance companies could be part of the same corporation, and then senate hearings found that it profited through that conflict-of-interest scandals of Enron and Worldcom. |
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http://www.citizenworks.org/corp/corp-scandal.php
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| | Citizen Works - Corporate Scandal Fact Sheet |
| | GE Capital is a primary financial backer to WorlCom, providing a financial crutch to the corporation that would go on to file the largest bankruptcy claim in the history of the US; 2. | | | Under investigation into whether executives used corporate cash to buy art and a home. | | | Largest corporation to lack an independent board; 3. |
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http://www.citizenworks.org/enron/corp-scandal.php
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| | CorpWatch : USA: WorldCom, The Latest Corporate Accounting Scandal |
| | But instead, the banking world was quickly swirling with talk of a new corporate scandal, on a far greater scale than any of the recent ones. | | | Coming in the wake of a seemingly endless series of corporate scandals from Enron to Tyco, Adelphia to Dynegy WorldCom might seem just one more carcass on the pile and one that had already been picked at for months because of questions about its accounting. | | | But experts on accounting say this case is extraordinary because of the amount of money involved and because of the relative simplicity of the accounting maneuvers used to disguise the truth. |
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http://www.corpwatch.org/article.php?id=2869
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| | Corporate Fraud News - Inbox Robot |
| | Many of the corporate scandals that have come to light in the... | | | in 2005: In the cavalcade of recent corporate scandals, this was the year the hammer finally... | | | In the wake of corporate financial scandals in recent years, such responsibilities have become... |
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http://www.inboxrobot.com/news/CorporateFraud
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| | Citizens Against Government Waste: NewsRelease_11242003 |
| | The award is given to corporations that receive government bailouts, abuse federal contracts, and risk taxpayer dollars. | | | D.C. Citizens Against Government Waste (CAGW) today presented the Boeing Corporation with its first annual “Corporate Turkey of the Year Award” in recognition of a year of unparalleled corporate scandal, waste, and abuse. | | | Boeing started the year with a textbook example of misconduct when the General Accounting Office revealed in January that the company improperly obtained Raytheon’s proprietary information while competing with that company for a multi-billion dollar rocket contract with the federal government. |
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http://www.cagw.org/site/PageServer?pagename=news_NewsRelease_11242003
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| | ☞ Accounting - Accounting Scandals |
| | A discussion of the corporate accounting scandals of 2002 and 2003&; along with a comparison to the Social Security system, which would be the greatest corporate scandal of them all except for the fact that it is run by the federal government. | | | Much like the scandals that forced major corporations to look at their accounting practices, a high-profile conviction of a major lobbyist has Congress talking about ethics reform. | | | The Sarbanes-Oxley Act (SOX) of 2002 was passed in the wake of numerous, high-profile corporate accounting scandals. Its intention is to protect investors by improving the accuracy and reliability of corporate disclosures. The majority of the act |
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http://www.allofaccounting.com/accountingscandals
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| | NOW. Politics & Economy. Corporate Scandals Update PBS |
| | In the wake of the Enron scandal, Arthur Andersen faced the unusual situation of having its entire firm indicted on criminal charges. | | | Nearly 17,000 employees lost their jobs as a result of the scheme to bury expenses and inflate revenue, according to a probation report. | | | More on ENRON and other corporate scandals from NOW |
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http://www.pbs.org/now/politics/corpscandalupdates.html
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| | Corporate Scandals Exposed |
| | We are the Internet's primary source for corporate scandals and business scams, providing you, the consumer, with corporate scandal news, facts and stories. | | | Corporation, def'n: An ingenious device for obtaining profit without individual | | | How come all these companies are off billions in their accounting and nothing ever happens to them? |
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http://www.corporatenarc.com
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| | ProfessorBainbridge.com: Parmalat as a Corporate Governance Scandal |
| | At Hollinger, for example, Lord Conrad Black allegedly not only caused the corporation to pay large management fees to companies controlled by hom or his cronies, but also caused the company to spend $8 million of its own money to buy FDR historical papers Black then used in writing his FDR biography. | | | I thought it might be useful to spend a few minutes explaining how the corporate governance problem at Parmalat differs from that at, say, Enron. | | | Enron stands as a classic example that, despite all our work, unscrupulous managers can still - and always will - use their control over such corporations to benefit themselves at the expense of their shareholders (not to mention creditors, employees, and other stakeholders). |
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http://www.professorbainbridge.com/2003/12/parmalat_as_a_c.html
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| | Corporate Welfare Scandal Hits Wal-Mart |
| | TCS is the best organization that monitors excessive government spending, corruption and corporate welfare. | | | As the largest, most profitable corporate giant in the world, Wal-Mart should not get a penny of taxpayer money. | | | Americans love clear highways and are willing to pay billions of dollars for the chance that they might one day see what one looks like. |
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http://www.progress.org/2005/tcs179.htm
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| | Peter Ferrara on Tom Daschle on National Review Online |
| | Well, the big corporate fat cats benefiting from these tax breaks are notorious for spreading big campaign contributions around to those who will support their cause. | | | But Daschle would bring this scandalous corporate-welfare boondoggle back to life, even though he supported and voted for Clinton's proposals in the 1990s. | | | He has harshly criticized U.S. companies that set up offshore shells in island tax havens like Bermuda to avoid U.S. taxes. |
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http://www.nationalreview.com/comment/comment-ferrara100402.asp
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| | Bush promises investigation of WorldCom / ANALYSIS: Latest scandal threatens domino effect on the economy |
| | The ever-lengthening trail of American corporate scandal has already laid the stock market low. | | | "We find that consumers who mention corporate scandals are more concerned about future job and income prospects," said Richard Curtin, who directs surveys of consumers at the University of Michigan. | | | "The risk is that the accounting scandals depress stock values, stopping the flow of capital corporate America needs to fund its growth." |
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http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2002/06/27/MN180882.DTL
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| | Corporate Welfare Headquarters Corporate Welfare Shame Page |
| | Waste of the West tells you all about the corporate welfare ranchers who take assets that belong to taxpayers. | | | Military Spending Scandal -- The Department of Waste | | | Scandal -- Huge Payments of Tax Dollars to Agribusiness Corporations Even if They Don't Bother to Plant a Crop |
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http://www.progress.org/banneker/cw.html
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| | The Corporate Scandal Sheet - Forbes.com |
| | Editor's Note: The Corporate Scandal Sheet ceased being updated as of September 2002. | | | NEW YORK - With the avalanche of corporate accounting scandals that have rocked the markets recently, it's getting hard to keep track of them all--but our Corporate Scandal Sheet does the job. | | | Here we'll follow accounting imbroglios only--avoiding insider-trading allegations like those plaguing ImClone, since chronicling every corporate transgression would be impractical--and our timeline starts with the Enron debacle. |
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http://www.forbes.com/2002/07/25/accountingtracker.html
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| | FIRST-PERSON: Amid corporate scandal, the prophet still speaks - (BP) |
| | The public confidence in the corporate world cascades exponentially with each new breach of trust. | | | DEERFIELD, Ill. (BP)--The phrase "Business as usual" has taken on new meaning as every few days journalists and prosecutors add a new name to the corporate scandal tally: Enron, Andersen, WorldCom, Quest and... | | | FIRST-PERSON: Amid corporate scandal, the prophet still speaks - (BP) |
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http://www.bpnews.net/bpnews.asp?ID=13828
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| | Corporate Political Links |
| | Corporate Responsibility after you have profited from the actions of an irresponsible corporation that engaged in a shady deal. | | | The revolving door corporate political apparatus is able to deliver much more money to individuals than could ever come from one company through campaign contributions. | | | Deputy Attorney General Larry Thompson, the chief of the Justice Department's task force on corporate crime, served as a Providian Financial Corp. director shortly before the San Francisco credit card company was accused of deceptive accounting and insider trading. |
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http://home.columbus.rr.com/lfairban/Pages/Corporate.htm
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| | washingtonpost.com: Corporate Ethics |
| | He is writing a series of articles examining the way companies are being run, assessing changes in the make-up and independence of corporate boards and the power and pay of top executives. | | | Complete coverage of Grasso's controversial pay package and issues surrounding the corporate governance of the exchange | | | The form and function of the agencies that regulate Big Business, plus the latest news from those agencies. |
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http://www.washingtonpost.com/wp-dyn/business/specials/corporateethics
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| | The Corporate Library |
| | The Corporate Library Releases its First Annual Director Pay Survey | | | Board Analyst, A Division of The Corporate Library | | | Analysis of Fund Voting Results for 2004 and 2005 |
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http://www.thecorporatelibrary.com
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| | CBS News 3 Corporate Scandal Trials Begin November 18, 2003 16:05:31 |
| | "There's been a lot of major questions raised about big corporations and their executives and financial transactions," Owen told one man who was part of the jury pool. | | | Enron, Arthur Andersen, ImClone, WorldCom -- corporate America is finding itself in some sticky predicaments lately. | | | Quattrone and Kozlowski have both come to symbolize the corporate excess of the late 1990s, and their trials are being closely watched by the financial community as a sign of how authorities will prosecute alleged corporate corruption. |
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http://www.cbsnews.com/stories/2003/10/28/national/main580584.shtml
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| | Scandal - A Cloning Scandal Rocks a Pillar of Science Publishing - New York |
| | From the Washington Post, the newspaper that cracked the scandal, a package that includes analysis, articles, timeline, biographies. | | | Extraordinary Rendition Scandal Reaches New Heights: Rice on the Offensive in Europe Over The scandal over the Bush administration's use of so-called | | | Nije potreban nalog kod provajdera, svi trokovi se placaju Uz Scandal! |
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http://linksessions.com/q/scandal.htm
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| | Corporate Scandal Trading Cards - Collect 'em all! By David Plotz |
| | Here, to clear it all up, are Slate's Corporate Scandal Trading Cards—the fastest guide to America's top 10 business crackups. | | | Unless you work for the Securities and Exchange Commission—and probably even if you do—the plague of scandals has left you as confused as an Enron auditor. | | | Corporate Scandal Trading Cards - Collect 'em all! |
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http://www.slate.com/?id=2068382
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| | Worldcom Corporate Scandal - CyberSleuths Crime Forums |
| | Can't we trust anyone in the corporate world? | | | I am sure that both their jobs are in jeopardy, if they have not lost them already. | | | posted 06-25-2002 08:37 PM Worldcom has just announced tonight that it uncovered "massive corporate fraud", over 3 billion in charges, and fired its Chief Financial Officer. |
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http://www.cybersleuths.com/ubb/Forum3/HTML/000179.html
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| | NPR : The Marketplace Report: Corporate Scandal Update |
| | NPR : The Marketplace Report: Corporate Scandal Update | | | Day to Day, July 9, 2004 · NPR's Madeleine Brand talks with Tess Vigeland of Marketplace about the latest corporate scandal news, including the indictment of former Enron CEO Kenneth Lay and the denial of Martha Stewart's request for a new trial. | | | More 'Marketplace' Reports Heard on 'Day to Day' |
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http://www.npr.org/templates/story/story.php?storyId=3250069
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| | Scandal Sheet - CBS MarketWatch |
| | Used billions of dollars of company money for personal use, including private travel in the company jet and coverage of loans secured using stock. | | | CBS MarketWatch's Scandal Sheet is a detailed report on who has been charged, whose conduct is being questioned, and why. | | | Has agreed to pay back $12 million and will never serve again as a corporate officer of a public company. |
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http://www.marketwatch.com/news/features/scandal_sheet.asp
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| | Fraud - Sec Investigations |
| | List of some of the corporations investigated by SEC. |
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http://www.atozfraud.com/secinvestigations
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| | KQED Forum: Corporate Scandal |
| | Forum revisits the Enron scandal and discusses the lasting impact it has had on corporate America. | | | John Emshwiller, reporter for the Wall Street Journal and co-author of "24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America." | | | Rebecca Smith, reporter for the Wall Street Journal and co-author of "24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America." |
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http://www.kqed.org/epArchive/R308111000
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