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Topic: Corporate scandal

Related Topics

Corporate accounting scandals

Corporate abuse

Mutual fund scandal (2003)

List of accounting topics

Arthur Andersen

Enron

Pension fund losses with Enron

Parmalat

Harken Energy

Accounting

WorldCom

Financial Accounting Standards Board

Accounting reform

Xerox

Qwest Communications

	MindComet :: Corporate Communications, Corporate Branding, Human Resources
		Corporate Identity is mainly composed of 3 parts: corporate design, corporate communication and corporate behavior, all must coincide with each other to create a seamless, single identity, according to an article on Answers.com.
		Corporate wikis are often used for project management, tracking industry news, setting meeting agendas, posting corporate policies, and creating strategic documents.
		Corporations are already present on these sites so it is an easy domain for them to broaden their brand.
	www.corporatecommunicationsvoodoo.com (2237 words)

	Replacing the Scandal-Plagued Corporate Income Tax with a Cash-Flow Tax
		Three fundamental flaws in the corporate income tax are behind the distortions and tax shelters.
		Currently, the U.S. statutory corporate rate is the second highest among the 30 major industrial countries.
		The second flaw is that the corporate tax base of net income or profits is inherently complex because it relies on concepts such as capital gains and capitalization of long-lived assets that are difficult to consistently account for in a tax system.
	www.cato.org /pub_display.php?pub_id=1343 (523 words)

	The Corporate Library: the leading independent source for corporate governance and executive compensation information ...
		As investors and stakeholders in the corporate governance marketplace increasingly seek ESG data and information, our cutting-edge products and research provide the corporate governance ‘G’ that they need.
		The Corporate Library’s corporate governance products and services are built upon one of the most comprehensive collections of corporate data ever assembled.
		Our researchers are the thought leaders in the fields of corporate governance and executive compensation policy and practice.
	www.thecorporatelibrary.com (255 words)

	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.
		Although this was the largest scandal in US history the judge saw fight to reduce the sentences of Michael Kopper and Andrew Fastow.
		Another accounting scandal is unfolding as president Kevin Weiss was fired Wednesday by McAfee.
	www.corporatenarc.com (1383 words)

	Image: Business Regulation
		These images depict the proposed abolition of the rules which separate solicitors and barristers from practicing within the one firm, highlighted by David Clementi's Consultation Paper.
		Recent corporate scandals (Enron in the US, Parmalat in Italy,Split Capital Trusts, in the UK) are forcing business regulators around the world to introduce new regulations on corporate governance, auditors and financial reporting.These graphics depict corporate scandal.
		Public Private Partnerships (PPPs) are partnerships between the public and private sectors in a particular state.This model is used in countries like Norway,Denmark, Netherlands, France and Germany.
	www.metaphorbusinessgraphics.com /see_our_graphics/business_regulation/business_regulation.htm (247 words)

	07/23/02 - Government Rules Cause, Not Cure, Corporate Scandal
		While Washington fuels—and the media fans—a fiery corporate witch hunt, the economy and investing public burn.
		The real scandal is that SEC rules permit the creative accounting which enabled the companies to delay public recognition of their failures for several quarters.
		Regardless of the contribution made by government rules to the scandal, some executives behaved in ways that are widely regarded as dishonest, if not illegal.
	www.vdare.com /roberts/character.htm (811 words)

	washingtonpost.com: DeLay's Corporate Fundraising Investigated
		He previously created a fund for corporate donors to help him pay legal bills related to allegations of improper fundraising, and is now considering extending its reach to include the fees for these attorneys.
		Many corporate donors were explicitly told in TRMPAC letters that their donations were not "disclosable" in public records.
		Some corporations were careful to specify that their contributions were solely meant to defray legally permissible administrative expenses.
	www.washingtonpost.com /ac2/wp-dyn/A43219-2004Jul11?language=printer (2633 words)

	Bush Addresses Corporate Scandal
		President Bush in a speech on Wall Street addressed measures to combat corporate scandal that is shaking faith in free enterprise.
		Consequently, the corporations exposed and judged by the equivalent of Christian atomic bombs.
		Corporate failures are due to the judgment of God.
	www.biblenews1.com /history2/20020709.htm (1109 words)

	USATODAY.com - Democrats press corporate-scandal buttons (Site not responding. Last check: 2007-10-27)
		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.
		Democratic Rep. Bob Clement is using corporate accountability as the core issue in his Tennessee Senate race against Republican Lamar Alexander.
		In South Dakota, Democratic Sen. Tim Johnson is running for re-election using an ad that says "guilty corporations should be held responsible for their actions" and touting his vote for corporate-responsibility legislation.
	www.usatoday.com /news/politicselections/2002-08-07-democrats_x.htm (1164 words)

	Center for Corporate Policy: Corporate Crime and Abuse
		The definition is vague enough to incorporate certain types of corporate crime as well as welfare fraud, thus persuading groups across the political spectrum that it was focused on the most important types of crime.
		After Enron, the Department of Justice established an inter-agency Corporate Fraud Task Force, which issued reports in 2004 and 2003, and maintains a list of significant criminal cases and charging documents for major accounting fraud and other financial crime cases.
		A publicly-accessible on-line corporate crime database would assist prosecutors, legislators, judges and journalists in their efforts to expose and control corporate crime and identify criminogenic corporations and recidivist lawbreakers.
	www.corporatepolicy.org /issues/crimedata.htm (1771 words)

	QandO: Another Enron-Type Scandal
		UCLA Corporate Law Professor and blogger, Professor Bainbridge, notes that a new Enron-type corporate fraud scandal may be brewing.
		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.
	qando.net /archives/003321.htm (580 words)

	New corporate scandal engulfs Bush deputy - smh.com.au
		The corporate scandals preoccupying the United States moved ever-closer to the White House with the news that Vice-President Dick Cheney had been party to allegedly illegal accounting practices by his oil company.
		Mr Cheney has remained resolutely silent on the issue of corporate wrongdoing and has refused to answer all inquiries about his tenure as CEO of the oil services company Halliburton up to 2000.
		President George Bush's attempts to restore consumer confidence and halt the slide on US markets have been hampered by persistent allegations that in their business careers he and Mr Cheney engaged in the type of conduct that the Bush Administration is now condemning.
	www.smh.com.au /articles/2002/07/15/1026185160234.html (500 words)

	New strategies changing face of corporate scandal \| The San Diego Union-Tribune
		In the corporate scandals of the last four years, the striking fact is how often the closing chapters have followed the script at HealthSouth and not Andersen.
		The Justice Department's corporate indictment of Andersen was controversial, and similar moves are unlikely.
		Fraud tends to flourish, he said, in closed corporate environments where numbers and transactions are difficult to track and find.
	www.signonsandiego.com /uniontrib/20050604/news_1b4scandals.html (1482 words)

	BBC NEWS \| Business \| Enron scandal at-a-glance
		Sherron Watkins: Enron employee and "whistleblower" of the scandal.
		And he has also ordered a review of US pension regulations, after Enron employees lost billions of dollars because their pensions scheme was heavily invested in Enron's own stock.
		The peer, a former Conservative energy minister, joined Enron as a non-executive director in 1994 and sat on the corporation's audit committee.
	news.bbc.co.uk /1/hi/business/1780075.stm (970 words)

	CorpWatch : ITALY: Corporate Governance Lessons from Europe's Enron
		Clapman urged every country to undertake reforms "designed to minimize the risk of this happening [again]." For one, he recommended that regulators be given the authority and put the systems in place to regulate corporate conduct and the functioning of professions such as accountants and lawyers.
		The second point is that, despite the [scandal at] Royal Ahold and some other instances, there was some feeling in Europe that it was more of an American problem.
		Scandals may have been committed before recent reforms, but only come to light after them.
	www.corpwatch.org /article.php?id=11564 (1632 words)

	The Corporate Scandal Sheet - Forbes.com (Site not responding. Last check: 2007-10-27)
		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.
		Editor's Note: The Corporate Scandal Sheet ceased being updated as of September 2002.
	www.forbes.com /2002/07/25/accountingtracker.html (1772 words)

	Bigger Than Enron? There's a New Corporate Scandal Brewing - Topix
		By Christine Zibas Although much recent attention has been given to the spying of former Hewlett-Packard Chair Patricia Dunn on H-P board members and high tech journalists, a far greater scandal has been...
		The HP corporate leaders are immoral unethical dishonest thieves.
		Where Was Will Smith This July 4 When Aliens To...
	www.topix.net /forum/com/hpq/T7E65GR88CLM78S8P (338 words)

	Making the Most of a Scandal
		Commentary: The ongoing corporate scandals represent a unique opportunity to pursue real reform -- an opportunity many on the left seem to be ignoring as they exult over President Bush's discomfort.
		With corporate scandals dominating the headlines, progressive pundits are watching with glee as President Bush tries vainly to distance himself from his longtime allies among the business elite.
		Corporate criminality will surely be trimmed as a result of the congressional action, but the debate about economic reform has been pathetically narrow.
	www.motherjones.com /commentary/columns/2002/07/gitlin_august.html (1363 words)

	Citizen Works - Corporate Scandal Fact Sheet
		The table of information, compiled by citizenworks.org, includes data on current scandals and investigations involving some of America's most prominent organizations.
		The idea is to learn as much as you can about corporate corruption from this table, and write down your group's conclusions, and describe how you went about analyzing the data.
		Stock: a certificate of ownership in a corporation-it is a claim to a share of assets and profits, proportional to the overall value of the corporation (in other words, one share of stock in walmart doesn't get you much of a claim);
	www.eou.edu /socprob/tuth/scandals.htm (3134 words)

	NOW with David Brancaccio. Politics & Economy. Risky Business - Corporate Reform on NOW \| PBS
		In late April 2003, fines were levied against some of those corporate entities sued by New York Attorney General Eliot Spitzer, a guest on NOW in 2002.
		At the same time, there is reportedly a movement afoot in Washington to modify the Corporate Accountability Bill passed late last year.
		NOW updates the fate of those embroiled in corporate scandals.
	www.pbs.org /now/politics/corpreform.html (327 words)

	Executive Pay: Corporate scandal
		What's troubling about this year's option scandal is that it began as a "reform" measure; the idea was to tie executive performance to the price of the stock.
		The Journal called this "one of the biggest corporate-fraud scandals in decades." Nearly 200 companies have so far disclosed the backdating of options to boost returns for the executives.
		This option scandal matters because too many company officers have made their own law; crafting an artificial market that guarantees them a profit for what should be risk-based investments.
	seattlepi.nwsource.com /opinion/297760_corppay1ed.html (415 words)

	Slippage toward corporate scandal begins at home, Barna poll finds - (BP) (Site not responding. Last check: 2007-10-27)
		The importance of a person's upbringing -- as the mirror to one's character and values -- was underscored in Barna polling of 1,012 adults during the first half of July.
		"It is in times of crisis -- whether it be terrorist attacks, financial abuses, sexual scandals or ludicrous judicial rulings -- that a foundation of firmly held moral convictions rises to the surface and serves as a rallying point for millions of otherwise contentious or disconnected people," Barna said.
		At the bottom of the list were executives of large corporations; 12 percent of the respondents registered "complete" or "a lot of confidence" in them -- compared to small business owners, with a combined 41 percent confidence tally.
	www.sbcbaptistpress.org /bpnews.asp?ID=13918 (755 words)

	CorpWatch : USA: WorldCom, The Latest Corporate Accounting Scandal (Site not responding. Last check: 2007-10-27)
		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.
		At its foundation is one fact: not all corporate expenses are the same, and for good reason.
		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.
	www.corpwatch.org /article.php?id=2869 (1266 words)

	Citizen Works - Corporate Scandal Fact Sheet (Site not responding. Last check: 2007-10-27)
		In the wake of its Enron scandal, auditor Andersen questioned an "unusual $3.7MM retainer" given to Lehman Bros Inc., who had financed a not-for-profit corporation who bought prisons from Cornell, assumed its debt temporarily, and leased usage of those prisons back to Cornell.
		HCA's history with scandal includes having pled guilty to 14 fraud-related felonies in 2000 and settling allegations in Dec. 2002 that it overstated expenses charged to Medicare, sub-contracted the wound-care centers at HCA hospitals, and provided kickbacks to doctors who refer patients to HCA.
		More deceptive still, Healthsouth said that the change would affect their earning by $175 MM, when really it would only affect them by $20 MM or $30 MM; the amount of damage was overstated so that the company could begin to dig itself out of its years of accounting fraud.
	www.citizenworks.org /corp/corp-scandal.php (6634 words)

	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.
		But that means we depend on the generosity of concerned citizens like you for the resources to fight on behalf of the public interest.
	www.citizen.org /congress/welfare/index.cfm (198 words)

	ITworld.com - Blog Insights: HP, pretexting, and the latest corporate scandal
		I love a good corporate scandal, and Silicon Valley, in its own coming of age, has started to produce them, most recently with the revelation that former Hewlett-Packard chairman Patricia Dunn called in spies.
		The White Collar Crime Prof Blog weighs in on this and other corporate scandals, noting that since ten witnesses took the Fifth at the House Subcommittee hearing, it looks like everyone was working together.
		The Wall Street Journal's law blog also says that it would be "difficult" to establish that HP execs are responsible, even if the courts were to determine that a crime was indeed committed.
	www.itworld.com /Man/2689/nls_blog061004 (819 words)

	Citizen Works - Corporate Scandal Fact Sheet (Site not responding. Last check: 2007-10-27)
		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.
		Largest corporation to lack an independent board; 3.
		Scandal missed by auditor KPMG which resigns as auditor for company.
	www.citizenworks.org /enron/corp-scandal.php (2055 words)

	Corporate Scandal Threatens National Security by Terence P. Jeffrey - HUMAN EVENTS
		There is a scandal unfolding in corporate America that President Bush needs to stop, given that fixing Social Security is his top domestic goal and securing the nation against terrorism is his greatest duty.
		Key facts of this scandal were revealed in an October report from the Inspector General of the Social Security Administration (SSA).
		Mass illegal immigration--and corporations that encourage it by hiring masses of illegal aliens--have created an inland sea of lawlessness in which terrorist sharks can readily swim.
	www.humanevents.com /article.php?id=7138 (808 words)

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