Scandal Case Studies Samples For Students

VOLKSWAGEN CASE STUDY

Executive summary:
Volkswagen is the leading manufacturer of car products. This company holds Volkswagen group and produced a variety of models. Recently, Volkswagen has been involved in the emission scandals of their equipped vehicles. The company vehicles are equipped with software that was cheating on emission tests. Hence, Volkswagen is the top selling brand of Volkswagen group. Since 1975 the company has been treated as world largest automaker in the world. Volkswagen has the most cars of the automobile manufacturer which has multiple revisions of model names. In this, the crisis management of the Volkswagen emission scandal has been ...

Lehman Brothers Holdings Inc. was ranked as the fourth largest bank in the US before it declared bankruptcy in 2008. The company was dealing in investment banking, equity and fixed income-income sales and trading, research, investment management, private equity, and private banking. A significant number of clients withdrew their accounts from Lehman Brothers and the share price of the stocks fell at an exponential rate. Consequently, on September 15, 2008 the company filed for bankruptcy under Chapter 11. Lehman Brothers played a major role in the recession of the late 2000’s which drastically affected the entire country. The company ...

Introduction

My name is Seung Joon and I am going to take you through the introduction and the conclusion parts of the Enron Accounting Scandal. This scandal has been used as a case study by many students taking Finance, Law and Ethics because of its relevance and implications to accounting principles and ethics. It is often cited in business debates as one worst corporate scandal in America. The introduction highlights the background of the company and the scandal while the conclusion provides the summary of the key points in the presentation. The body shall be presented by Max, Minho and Kevin. ...

In 2012, The New York Times published an investigative report on the violation of the Foreign Corrupt Practices Act by the top management of the Wal-Mart’s unit in Mexico. It came out that more than $24 million of bribes were paid to the Mexican government officials to obtain the permits for construction of the new stores.
Wal-Mart de Mexico, which controls more than 20% of Wal-Mart’s stores around the world, is a profitable business for the world’s largest retailer. The Wal-Mart’s former executive revealed in September 2005 that many senior managers were handing out bribes ...

Leadership is the process of exercising power and influence in the social environment with the aim of achieving the objectives of a given organization. Each organization should have a leader to exercise control and organization in the performance of duties. Usually, a leader gives direction to the people under him. The leader should be in a position to gain the trust of his followers in order to have proper coordination (Kouzer & Posner 2006). A leader should also be supported by other people in order to carry out his duties effectively. He cannot work alone. This is the major reason why he communicates with ...

Background

Enron case study dwells upon one of the most known scandals in business ethics and financial world. Founded in 1985 as a result of the merger between Houston Natural Gas and Internorth, Enron Corporation starts trading natural gas commodities in 1989. Throughout the 90s,the company was considered one of the most innovative and attractive for investment companies in the country. Renown for its unique business model and trading businesses, the company benefitted from a positive image, shareholder trust and external financing (Li, 2010). With a number of changes in leadership from Jeffrey Skilling to Kenneth Lay, who occupied ...

Sometime in 2015, the German automobile manufacturer Volkswagen was caught up in an ethical scandal concerning a violation of the American Clean Air Act. The issue had been flagged by the Environmental Protection Authority (EPA), who detected that the Volkswagen car brand had the defective software. The details had revealed that the software installed to govern the engine could sense whenever the vehicles were being tested and subsequently activate emission reduction from the equipment. The same could later turn down when driven regularly and result in emissions that were way above the allowed limit as per the environmental standards ...

The case study on Salt Lake City, the Olympics, and Bribery manifested a complex scenario, which demands a critical valuation. The case involved the perceived default by professional heads of the Salt Lake City Olympic Committee (SLCOC) and members from the International Olympic Committee (IOC), who have the full understanding of the ethical and legal stipulations of their work. The analysis of the case requires exclusive consideration of all facets ranging from the activities, circumstances that led to the occurrences, the individuals involved and the required rules as well as the regulations governing the corporates. Therefore, the analysis would employ the ...

Enron

Executive Summary
Introduction
Accounting and Finance are two important things from the standpoint of an organization and both of these concepts found exceptionally wonderful as far as operating an organization is concerned (Warren, p.119). Organizations usually have number of departments under one roof and every department is held responsible to play its part for the economic prosperity of the company. Accounting is the name of recording and interpreting the day to day transaction of an organization, while finance is the name of utilizing the funds of a company at an appropriate place from where the likelihood of earning ...

1. What governance practices could have prevented the demise of Barings Bank?
Barings Bank was founded in 1962. It is previously known as Baring Brothers & Co. It was the oldest merchant bank in England and collapsed on February 26, 1995. The bank had been faced bankruptcy for the second time because of this reason. There were several issues that it had been processed. It changed the regulatory of the development of worldwide financial transactions, indoor trading, executive remuneration and misuse of pensions fund made it strengthen through those changes. As per Hurst and Wood (1993) report, there were many ...

Current Situation

The situation presents the unethical practices by Enron’s Chief Financial Officer, Andy Fastow during a period of massive violations of ethical and accounting practices. Fastow started Special Purpose Entities (SPEs) such as LJM which unethically grew and boomed out of Enron’s shares and assets (Arbogast). There was a serious conflict of interest since Fastow owned a big share of LJM. Before I joined, Global Finance as lawyer in the Tax Department, I had heard of LJM being a special purpose vehicle to purchase assets from Enron. I obtained a memo addressed to Enron’s executives in which Fastow sought exemption from Enron’ ...

(Author Name)
(Institute)
- Describe the organizational culture of the Air Force Academy as presented in this case in terms of its similarity and differences to a typical college or university.
In many respects, there are similarities between the environment of a typical university or college and the Air force Academy. It is a common environment that creates a feeling of belonging, of identity for the students / cadets, provides a social support structure and consists of students of different ages and backgrounds working towards developing themselves and working towards their future.
However, in the case of the air Force ...

In past two weeks the athletic fraternity in the country has witnessed unbearable scandal in one of its most famous arena of basketball, when Rutgers University committed a series of actions that seem unprofessional and unattractive both to the public, the media and other learning institution.
The university have gone to the depth of firing the head coach of the university’s basketball team, coach Mike rice over claims of his abusive behavior to players, it has also forced the resignation of the athletic director, Tim Pernetti and also gone to the extent of kicking out its general counsel a ...

Introduction

The growth and demise of the Enron Corporation has received critical responses from across the globe. A company that claimed revenues of approximately $101 billion in 2000 had fallen from its grace a year later in 2001, when it declared bankruptcy. The rise and fall of the Enron Corporation came as shock to a lot of small and large investors. After scrutinizing the financial statements investigators found that the figures in the financial statements were artificially inflated in a systematic manner, which is now better known as the “Enron Scandal”. This scandal is believed to be the biggest Accounting scandal of all ...

Kinney National Services, Inc. was established in 1966 as a result of the merger between Kinney Parking Company and National Cleaning Company as a media and entertainment company. As at the time of its formation, the company had Steve Ross as its head. In 1967, Kinney National Services, Inc. expanded its operations through the acquisition of National Periodical Publications (quite often known as the DC Comics), Ashley-Famous (the talent agency of Hollywood) as well as the Panavision. In 1972, Kinney National Company was reincorporated as Warner Communications, with Steve Ross as the organization’s chief executive officer. Charles A. Agemian, the ...

Background

Successful modern business marketing lays emphasis on meeting the needs of the customers. This focus is a departure in the opposite direction from the traditional business whose major concern was selling its products or services. Corporate Social Responsibility (CSR) is one way of meeting not only the direct customers’ desires but also the needs and expectations of all the stakeholders of a business (Ortenblad 2016). Unethical profiteering practices of large companies and customer awareness due to free flow of information have forced many companies to make CSR a key strategic focus in their conduct of business. Besides enabling a ...

BUSINESS: UNETHICAL BUSINESS PRACTICES

L. Dennis Kozlowski, CEO of Tyco International Scandal
A fish rots from the top down. This phrase sums up the scandal of Tyco International when its CEO, Dennis Kozlowski, was found guilty on many fraudulent accounts. His actions were in direct violation of the accounting ethics. Kozlowski was arrested along with many of his company officials as partners in crime. When the CEO of a company is involved in violating code of ethics and professionalism, the employees and subordinates find it convenient to follow suit.
Former chief executive and chairman of Tyco International, Dennis Kozlowski and firm’s CFO ...

Attribute Standard 1312 issued by the IIA indicates that Internal Audit Departments purporting to follow IIA Standards must have an external assessment “conducted at least once every five years by a qualified, independent reviewer or review team from outside the organization. Two such organizations include World Com and Fannie Mae. The two organizations were in the news owing to various reporting and internal audit practices that may have resulted in their collapse, as is the case of World Com or hefty financial losses for their shareholders and other stakeholders. Consequent to such observations, the objective of this paper is ...

Starbucks vs McDonald´s Business Ethics and Compliance

This document aims to compare Business Ethics and Code of Conduct of two competing companies: McDonald´s and Starbucks. Strategic values and the image of the brand illustrate the differences between the two companies and their approach and formulation of the constructs of Business Ethics. Starbucks mission statement is: “To inspire and nurture the human spirit—one person, one cup, and one neighborhood at a time”. The statement is concise and inspiring, bringing the core idea of the business – be part of the community and grow together with internal and external stakeholder. Starbucks does not try to position itself as a ...

Madoff

Madoff was an American who was found guilty of fraud. He was in charge of a Ponzi scheme in the United States. The scheme is known to be one of the biggest financial fraud that ever happened in the United States of America. Madoff through his firm, Madoff Investment Securities, which bypassed other firms through making orders directly over the counter by making use of its retail brokers.
Those that assisted him in the fraud crimes included his close relations who he employed at his firm, Madoff Investment securities. He employed his brother and two sons as well as ...

The Company

Overview
The Body Shop is a successful chain of cosmetics shops, based in the United Kingdom, and founded in 1976. The company has shown remarkable growth, with revenues increasing from £2 million to £28 million in just 4 years from 1983 to 1987. The rapid growth was accomplished largely by franchising. By almost any measure, the first 15 years of the company’s existence must be considered one of the most successful in business history.

Key economic and technical background

The company was founded on a mixture of ethical principles and savvy business insight. The founder realized 2 important facts:
- First, traditional cosmetics ...

Writer’s intent

Seven years when the very fact, the story of the meteoric rise and future fall of the Enron Corporation continues to capture the imagination of the final public. What very happened with Enron? Outside of these related to the company world, either through business or education, comparatively few folks appear to possess an entire sense of the myriad folks, places, Associate in nursing events creating up the sixteen years of Enron’s existence as a yank energy company.
Some argue Enron’s best bankruptcy and ultimate death was the results of an absence of moral company behavior attributed, additional ...

I. Executive Summary
The present memorandum details an analysis and suggested response strategy to the recently disclosed American military activities within the Abu Ghraib detention center in Iraq. In forming the analysis, I provide a discussion of the major causative factors of the situation and an overview of the authorizing environment in place. The recommended response strategy details a five-step program to address the crisis in a way that acknowledges the issues and provides concrete actions to remedy the damage. Finally, this memorandum closes with a review of the lessons to be taken forward from this situation with the ultimate goal of ...