Impact of Corporate Scandals on Individuals, Entities Society The Case of Adelphia

In recent years, numerous organizations have captured public attention for their involvement in spectacular cases of corporate fraud, leading to a multiplicity of negative consequences at every level of society (Mishina et al., 2010). The present paper aims to use the 2002 corporate scandal involving executives of Adelphia Communications Corporation to demonstrate the negative impacts of corporate fraud on individuals, corporations, businesses and the society at large.Advertising We will write a custom research paper sample on Impact of Corporate Scandals on Individuals, Entities Society: The Case of Adelphia specifically for you for only $16.05 $11/page Learn More In 2002, family business owners John Rigas (co-founder and CEO), Michael Rigas (executive vice president for operations) and Timothy Rigas (chief financial officer) were accused of defrauding Adelphia in excess of $ 2.5 billion by engaging in a variety of conspiracies involving securities fra ud, wire fraud and bank fraud. In summary, the Rigas were accused of violating the RICO Act, breach of fiduciary duties, waste of corporate assets, abuse of financial control mechanisms, breach of contract, unjust self enrichment, and fraudulent conversion of corporate assets into private ownership (Diana, 2005). Researchers are in agreement that such illegal activities progressed by the very executives entrusted to safeguard the interests of the firm often result in adverse consequences for the individuals involved, the entity, as well as the society (Mishina et al., 2010). At the individual level, the culprits not only lose their jobs and earnings but also their professional reputation and social standing. In the case scenario, the Rigas were arrested and successfully prosecuted for defrauding the cable company, hence exposed to public shame and ridicule for their involvement. By extension, their ‘successful’ corporate careers were put to an abrupt end. Additionally, these individuals were exposed to immense physical and psychological anguish as they languish in prison. Corporate frauds are also known to negatively impact on the general population in various ways. For instance, there have been instances where taxpayers have been forced to bear the brunt of corporate scandals through taxation (Johnson et al., 2005), and also through increased costs of products and services (Pathak Wells, 2008). Although the U.S. federal government did not use taxpayers’ money to bail out the cable company as has happened with other companies involved in corporate frauds, it is highly possible that the general public suffered as they put up with inflated costs of services provided by Adelphi.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is also important to note that the shareholders of the company must have been exposed to enormous physical, psycho logical, financial suffering and loss as they came to terms with the fall in share price and risk of losing their investments entirely due to the damaged firm reputation (Pathak Wells, 2008) The adverse impacts of corporate fraud are more severe at the entity level, particularly in terms of damaged firm performance, loss of image and reputation, loss of access to important resources, loss of net income leading to a reduction in shareholders’ equity, lowered credit rating, as well as eminent collapse and/or bankruptcy (Mishina et al., 2010). Although Adelphia did not collapse, the exists overbearing evidence to suggest that other big companies such as WorldCom and Enron were brought down to their knees and indeed collapsed under the heavy weight of corporate scandals (Johnson et al., 2005).  Lastly, the society at large is negatively affected by corporate scandals. For instance, while banks and other lending institutions are put in jeopardy as they are unlikely to retrieve the funds that were given to the firm in case it goes under, community members suffer the anguish of increased taxes to cover for fraudulent activities. Employees working for companies engaged in fraudulent activities are more likely to lose their employment and income, triggering a scenario whereby a sizeable number of community members have considerably reduced disposable income which bears a direct effect on the rest of the firms operating within the community as people will not be as inclined to eat out, purchase new vehicles or real estate, or spend money on anything else but the essentials (Pathak Wells, 2008). References Diana, T. (2005). Corporate executives and auditors try on SOX. Business Credit, 107(5), 24-30. Johnson, S.A., Ryan, H.E., Tian, Y.S. (2005). Executive compensation and corporate fraud. Web.Advertising We will write a custom research paper sample on Impact of Corporate Scandals on Individuals, Entities Society: The Case of Adelphia specifically for yo u for only $16.05 $11/page Learn More Mishina, Y., Dykes, B.J., Block, E.S., Pollock, T.G. (2010). Why â€Å"good† forms do bad things: The effects of high aspirations, high expectations, and prominence on the incidence of corporate illegality. Academy of Management Journal, 53(4), 701-722. Pathak, J., Wells, A. (2008). Financial Fraud: Causes, consequences and the accounting profession’s role – A Canadian perspective. ICFAI Journal of Audit Practice, 5(1), 24-35. This research paper on Impact of Corporate Scandals on Individuals, Entities Society: The Case of Adelphia was written and submitted by user Junior Hoover to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Unknown Chemical Lab

Unknown Chemical Lab Kenneth Porlaris Period 2 Ms. Buckly Finding the Unknown Chemical Purpose: The purpose of this lab on the third day was to find the uknown chemical by doing expriements to figure out what is the unknown chemical.Background: There are numerous organic chemical groups. The ones we are studying are, Nucleic Acids, Carbohydrates, proteins, and lipids. Beginning with carbohydrates, carbon, hydrogen, and oxygen are elements of molecules in this specific group. The molecules link together makes different types of carbohydrates. Some types are polysaccharide, monosaccharide, and disaccharide. The elements that are found in the molecules of Nucleic Acids are hydrogen, nitrogen, phosphorus, nitrogen, and oxygen. Nucleic acdis have two froms, RNA and DNA. RNA is a nucleic acid that froms a copy of DNA for use for making proteins. DNA is an organic genetic code that has instructions used to form all of an organism's enzymes and to structure the protein.Benedict CumberbatchElements that are found in Lipids are hydrogen, oxygen, and carbon. Lipids are very important for proper functioning of the organism insulation, also known as energy storage and protective skin. An example of this would be glycerol. Proteins contains carbons, nitrogen, hydrogen, and oxygen. The molecules provide tissues and organs to transport the metabolism through the cells. Its very important for transporting oxygen to the blood stream. It makes up practically all our body, such as finger nails, and hair. One of the tests was the Iodine test, which tests for polysaccharides.If the chemical were a polysaccharide it would then turn into a dark purpleor black color. Another test was the Benedict's test which tests formonosaccharide, which should turn the chemical into a tangerine, reddishcolor. The third test is the Biurette test, which tests for proteins whetherit's a positive protein or negative protein. The last test...

SUMMARIZED ARTICLE Example | Topics and Well Written Essays - 500 words

SUMMARIZED - Article Example The president told the media that he refused to rule out US action in Iraqi against the Sunni Islamic militia group who have spread out towards Baghdad and are threatening to divide the country and establish their own jihadist nation (Moon1). The stock market’s losses accelerated rapidly following president Obama’s comments, with industries and consumer discretionary sectors fronting the decline. The VIX, Wall Street fear meter, expanded to eight point three percent to end at 12.56% (Moon1). The Dow Jones Industrial mean dropped 109.69 points or 0.65%, to end at 16,734.19. The S&P 500 tumbled 13.78 points or 0.71% to 1,930.11 (Moon1). The Nasdaq composite slid 34.30 points or 0.79 percent to 4,297.63. The Dow reached an intraday low at 16,703.73 while the S&P and the Nasdaq fell to a session low at 1,925.78 and 4,284.528 respectively. Retail sales, in macroeconomic news, rose 0.3 percent in May, and almost half the growth rate that economists had projected. American’s new claims for unemployment grants rose unexpectedly in the previous week (Moon1). Despite both economic indicators being below expectations, neither was considered weak enough to change the opinion of bettering economic states and the market’s recent uptrend is still considered intact. Energy shares ranked among one of the recent few gainers. The S&P energy section index rose 0.3%. Oil costs hit nine-month highs on concerns that intensified violence in Iraq could interfere with oil supplies from the key OPEC exporter (Moon1). Major US Airlines’ shares dropped for the second day consecutively as oil prices increased. American Airline Group Inc, the world’s largest transporter, slid 4.9 percent to $40.2 while United Continental Holdings Inc slid 5.9 percent to $42.60 (Moon1). One of Nasdaq’s most active stocks, Geron Corporation, surged 21.2

Can and should the marketplace be inclusive to all consumers Essay

Can and should the marketplace be inclusive to all consumers - Essay Example It will examine the problem that the aged face when companies decide to advertise and sell their commodity through the media and social networks. The paper will also try to explain how the aged can be integrated in the fashion industry. According to Macnicol (2005), age discrimination has a long history going back to 1930s, and even today it is a topic of debate in Britain. In the current world, many old people have a feeling that they are overlooked and ignored in the market. For example, in the designing of shopping complexes in the street. There are many old people who cannot obtain a service or the product that they want- whether from cinemas, restaurants or newspaper. This is because things have changed, so there is nothing that suits their taste. According to Mumel and Prodnik (2005), this discrimination has led the aged to stay away from this market. They consider themselves less fortunate and burden to society. According to Birtwistle and Tsim (2005), a fashion designer that can adopt and agree to cater for the individual needs of aging women will do quite well because it has a high potential, unsaturated market. Fashion designers have failed to provide old people with clothes that are psychologically, physically and socially comfortable. Psychological comfort gives the old person a well-being sense (Kunze, Boehm, & Bruch, 2011). Old people want clothes that will make the public have a positive mind and respect them. Physical comfort is achieved when the older people put on clothes that protect them from heat, humidity and cold. Their social comfort will be achieved by wearing clothes that will make them presentable and create a good impression to the public. The old also feel excluded in todays media. Images of the youth dominate the media today. Older peoples pictures are of two categories: one portrays old people as decrepit, aimed at generating sympathy and enable other people to contribute to them (

Minimalist visual artists and composers Essay Example | Topics and Well Written Essays - 250 words

Minimalist visual artists and composers - Essay Example main characteristics of minimalist art that I really like include simplicity of the content, absence of anecdotal content and narration, monochromatic surfaces, and emphasis on shapes instead of backgrounds. However, I do not like the absence of aesthetic qualities in the minimalist artworks. In case of minimalist music, the things I like the most include use of single pulse and rhythm, use of same beats, simple and repetitive harmonies, and static instrumentation. What I do not like about minimalist music is lack of a real melody in the songs. In minimalist compositions, a single effect is maintained all through the song, which sometimes appears a little boring to me. An example of this form of music is that of ‘The Desert Music’ by Stephen Michael Reich. In this composition, Reich has used the repeated chords, same harmonic material, same harmonic progressions, and the same text that reflect the adherence of Reich to the basic characteristics of the minimalist

Reduction Of Global Warming And Maintaining Sustainability

Reduction Of Global Warming And Maintaining Sustainability Global warming is defined as an increase in the earths atmosphere. It is really harmful for environment. Pollution is also one of the big cause of global warming. Pollutions such as air pollution, water pollution, soil pollution and greenhouse gases contribute to the global warming. Greenhouse gases particularly human produced carbon dioxide are responsible in increase in global warming. Global warming could result various deadliest effects such as spread of diseases, warmer water and more occurrence of hurricanes, natural disasters, migrations, conflicts and wars and so on. In order to avoid such effects, global warming cannot be totally eradicated but it can be reduced drastically. Global warming needs serious attention about its effect and measures need to be taken to reduce global warming in order to maintain a proper sustainable environment. Global warming apparently is an increase in the global temperature but the change of temperature will not be uniform everywhere. The change in temperature is also called greenhouse effect. Troposphere which is known as the lowermost layer of the atmosphere traps heat by natural process due to the presence of greenhouse gases resulting into the change in temperature of the earth. The more the concentration of the greenhouse gases, the more is the amount of heat being trapped. The temperature of earth would be very low but in the presence of greenhouse gases the temperature of earth is comparatively very high which we called global warming. Researchers estimated that the earths mean temperature will rise between 1.5 to 5.5 degree Celsius by 2050, if the input of greenhouse gases continues to rise at the present rate (Indian Journal of Science Technology). Another effect of global warming is the rise in sea level. It also changes in pattern of rainfall which affects the distribution of vector borne diseases such as malaria, elephantiasis, and so on. Global warming has also big negative impact on agriculture. Soil moisture and vapor transition will increase which may drastically affect agricultural production. The increase in temperature and humidity will increase pest growth like the growth of vectors for various diseases. Several measures were taken in the past to control global warming. There are more measures constantly being taken every now and then. The main idea is to cut down the rate of use of Chlorofluorocarbon and fossil fuel. Agriculture also helps in reducing global warming. Now a days most of the farmers use chemicals in their crop to grow them faster and make them more attractive .This has bad effect on our environment which is also indirectly increasing global warming. This cause pollution as well as make most of the people sick. So, chemicals shouldnt be used in agriculture. Farmers should think about environment rather than money. Natural pesticides does not harm environment. So, natural pesticides should be used to make crops healthy. Small things which are unnoticeable also have big effect on environment. So, all of us should be more careful and think about its positive as well as negative aspects. Specially recycled, less using, and re using is a very important method to not only less using the waste products but also to help maintain the budget which keeps the economy flowing. Products such as papers, plastics, aluminum cans, and glasses can be recycled for re utilizes purposes. We should reduce using waste which cannot be recycled. Also we should not throw papers everywhere. Instead we can start from our home by collecting papers and later on give it to recycle. Reusing or recycling programs have to be maintained in every place from house to school as well as businesses and streets. In fact, by recycling half of the waste product 2400 pounds of carbon di oxide can be saved annually. For example: In my college we have two trash cans nearby in one its written waste only and in another its reuse. So, those students are throwing papers, plastics in reuse and other unnecessary trash on waste only. It will be easy for them to re-use the papers and save from pollution. Now technology is stepping forward day by day. They are making new ideas, new programs and new inventions. They are making different electrical production from which we can reduce using fuels and things which harm environments. For example: I am from Nepal and when I was small my mother used to cook food by burning woods but as I get older I saw many changes coming, then my mother started cooking food from fuel. Now we are here and my mother cooks food from microwave or oval which is electrical. Not only in the case of making food .Cars, computers and other many things has changed due to the progress on technology. Few years ago cars used to smoke emission which made air pollution and the sound from that made noise pollution but now here is car with no pollution. Slowly we are saving our environment. New techniques are making our environment as well as our life better. Also not only environment but its reducing global warming. On the other hand, usage of energy efficient products could help in reducing global warming. For example, if we buy a car that offers good mileage doesnt not only save fuel but also produce less carbon dioxide which helps to protect the environment. In fact, any vehicle that runs by battery would be better than any other vehicle that runs by fuel. Also drive less and drive smart is another technique that can be used practically in our daily life. Less driving means fewer emissions and fewer emissions means less chances of global warming. I have hybrid car and I am saving lots of fuel. I think cars like hybrid should be made more which will help in reducing global warming. Apart from that, we could also plant a tree which is another method to reduce greenhouse gases. Plants and its photosynthesis process are really very important for environment. Photosynthesis is a Natural process in which plants absorbs carbon dioxide and gives out oxygen which indicate safe environment. According to a report by environmentalists, a single tree absorbs one ton of carbon dioxide during its life time. Cutting tree will affect everyone. When plants are removed, the soils they observe also come out which cause heavy rainfall and destroy everything. With that removal of forest or tree there will be more carbon dioxide and less oxygen which totally harm environment. Deforestation is very dangerous for our environment which causes global warming. We should reduce cutting tree but if we really need to cut tree then we should plant another tree which will help in reducing global warming as well as balance the environment. Everyone is thinking about reducing global warming. Besides following all the possible methods and techniques to reduce the production of carbon dioxide and greenhouse gases, it is very important to be aware from personal level to help reduce the global warming. Population is increasing day by day. And growing population has biggest effect on global warming. The way they live, the food they eat and everything affect environment. So, less population will surely help to reduce global warming. Education also plays one of the biggest roles in reducing global warming. Many people dont even know what is mean by global warming. So, every individual should be made aware of the effects of the global warming which would help reduce the increasing temperature of the earth due to global warming. Its a tough task to reduce global warming and every individual should contribute as much as possible in order to reduce the global warming and maintain the sustainability. Since there is little doubt that global warming is influence by human actions, it can also be stopped by our own actions. Something should be done to stop it before it turned out to be very bad. We can act towards things that produce little greenhouse gases as much as possible. Our own approach can makes a difference in protecting our environment and making it sustainable as much as possible for the generations to come. Work Cited Walker, Mary L. Nuclear Power Is a Solution to Global Warming Global Warming. Ed. Cynthia A. Bily. Detroit: Greenhaven Press, 2006. Opposing Viewpoints. Rpt. from Using Nuclear Power to Counter Global Warming. Sun Diego Union-Tribune16 Sept. 1999. Gale Opposing Viewpoints in Context. Web. 30 Nov. 2012. http://0-ic.galegroup.com.library.dcccd.edu/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=query=prodId=OVICwindowstate=normalcontentModules=mode=viewdisplayGroupName=Viewpointslimiter=currPage=disableHighlighting=falsesource=sortBy=displayGroups=search_within_results=action=ecatId=activityType=scanId=documentId=GALE%7CEJ3010222225userGroupName=txshracd2500jsid=e9c678af54d68be91e7adc748b59f3e6 Programs to Reduce Carbon Emissions. New York Times 18 Aug. 2012: A18 (L).Gale Opposing Viewpoints In Context. Web. 30 Nov. 2012. http://0-ic.galegroup.com.library.dcccd.edu/ic/ovic/NewsDetailsPage/NewsDetailsWindow?failOverType=query=prodId=OVICwindowstate=normalcontentModules=mode=viewdisplayGroupName=Newslimiter=currPage=disableHighlighting=falsesource=sortBy=displayGroups=search_within_results=action=ecatId=activityType=scanId=documentId=GALE%7CA300014554userGroupName=txshracd2500jsid=e529f2d94a751745e09d0478a5107308 Top 10 Thing You Can Do to Reduce Global Warming, Environmental issues www.about.com http://environment.about.com/od/globalwarming/tp/globalwarmtips.htm Ganesh, P. H. Roop, Global Warming/Greenhouse Effect, Indian Journal of Science Technology; Mar2011, Vol. 4 Issue 3, p219-222, 4p, 1, Academic Search Complete, North Lake Col. Library. http://0-web.ebscohost.com.library.dcccd.edu/ehost/pdfviewer/pdfviewer?sid=0f2e52dd-9ba9-49b6-82cb-5e5efc4f6a82%40sessionmgr104vid=4hid=112 The Enhanced Greenhouse Effect and Global Warming. The Environment: A Revolution in Attitudes. Kim Masters Evans. 2008 ed. Detroit: Gale, 2008. Information Plus Reference Series. Gale Opposing Viewpoints in Context. Web. 30 Nov. 2012. http://0-ic.galegroup.com.library.dcccd.edu/ic/ovic/ReferenceDetailsPage/ReferenceDetailsWindow?failOverType=query=prodId=OVICwindowstate=normalcontentModules=mode=viewdisplayGroupName=Referencelimiter=currPage=disableHighlighting=truesource=sortBy=displayGroups=search_within_results=action=ecatId=activityType=scanId=documentId=GALE%7CEJ3011860103userGroupName=txshracd2500jsid=070f10b839877ee0e92bc89d400bac15

Review of Brazil the Movie Essays -- essays research papers

Upon watching the movie Brazil for the first time, the first thought which comes to mind is ‘WHAT’. However, once past the exterior of the movie, one is able to divine its true meanings. Written by Terry Gilliam, Charlie McKeown and Tom Stoppard, Brazil was a groundbreaking movie which brought to light many issues within society which were valid in 1985 and remain so today. This text is valued because of the issues it raises, such as technology, an unwieldy government and consumerism, which are timeless issues. Brazil is based around a futuristic bureaucracy, where everything and everyone is property, there is little or no communication, and with the right forms, you can legally do whatever you want. This movie shows the flaws of such a system, that whilst aiming for perfection, is merely digging itself deeper into confusion and destroying the very society it seeks to control. Brazil is a dark comedy which shows us the consequences of handing over our lives to a faceless bureaucracy. Sam Lowry’s world is made up of millions upon millions of machines, upon which everyone relies to survive. Machines perform basically every task that there is, from the most mundane task such as creating food, to the most complex and important tasks such as deciding the fate of every living person within the system. When we first meet Sam his alarm clock is not working, the phone is large and hard to work, and the food that his machines make is completely inedible. This does not bode well for the people, for if the machines cannot even handle the most basic of tasks, how could they possibly handle the complex ones? We are taken further into the world of faults and failings within the system later on, when Sam has major problems with his heating ... ...reedom, and that the mind is the only truly safe place. Brazil is a film which rolls up all of the problems which society was experiencing at the time that it was made into one darkly humorous movie. Commercialism, terrorism, technology, bureaucracy and government control, cosmetic surgery and the lack of freedom and individual expression. This movie was not mainstream because of the way that it delivered its message, and also perhaps simply because the government suppressed it somewhat. However, this film provided great insight into these problems, and continues to do so today, as many of these problems continue to exist. Brazil aims to highlight these problems and make the viewer think about what they have seen. This movie was not intended to change the world, but simply to try to prevent it from spiralling down into a dystopian Brazil-like chaos.