In the accounting fraud at the cable company Adelphia, top management had established a “cash management” system that enabled the founder of Adelphia and former CEO and chair of the board of directors, John Rigas, to dip into the fund for personal expenses whenever he wanted. The final approval for such expenditures rested with Timothy Rigas, the son of John Rigas and Adelphia’s CEO during the final years that fraud had occurred. What’s wrong with the founder of a company, its former CEO and board chair, utilizing corporate assets for personal reasons? Can you think of any circumstances where it would be permissible? That is, what would have to happen for this to be acceptable?
Answer to relevant QuestionsThe 2011 National Business Ethics Survey defines “active social networkers” as people who spend more than 30 percent of the workday participating on social networking sites. Such employees are much more likely to view ...Compare the role of Sherron Watkins as a whistle-blower in the Enron case to that of Leyla Wydler in the Allen Stanford Ponzi scheme in terms of the nature of the whistle-blowing and the motivation to blow the whistle.1. The following is from Amgen’s values statement: “Our Values form a deeply held belief system that guides our behavior, helps us make the right decisions and builds the framework for our daily interactions with each ...1. What is the role of trust in business? How does trust relate to stakeholder interests? How does trust engender ethical leadership? Evaluate Mark Hurd’s actions in this case from a trust perspective.2. Define conflict of ...In the course of researching whether a particular tax position of your tax client satisfies the realistic possibility of success standard, you discover that another taxpayer took the same position on a tax return several ...
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