Just Some Basic Information about the Most Famous Corporate Scandals
In the business or corporate world, there are also some problems or issues that occurs, and such are commonly called as corporate collapse and corporate scandals. The term corporate collapse is referring to the business companies that may involve issues like bankruptcy or insolvency, and in this the businesses were unable to pay the money they owed and their debts to their creditors and some other businesses. Corporate scandals is basically a term that refers to the actual behavior of the businesses and allegations about them that are unethical and unlawful, and this issue can also be referred to as corporate misdeed. Some of the common corporate misdeeds and scandals include fraud, corruption, bribery, and some other kinds of greed that will create or produce negative impact on the entire corporation or organization, as well as, to the business economy.
Corporate misdeeds and corporate scandals has become very one of the common issues in the business world, and some of the most popular ones can be found on this article. The list of the most popular corporate misdeeds and scandals include the Bernie Madoff Scandal, which involves a wall street investment firm; the waste management scandal, which involves a waste management company; the HealthSouth, which is organized by the CEO himself; the Enron scandal, which is an energy company; the Cendant scandal, which is a decade long accounting fraud; the Fannie Mae, which involves false financial statement and securities fraud; the Tyco International scandal, which involves false loans and bonuses; the Adelphia Communications Corp scandal, which involves one of the largest cable companies in the country of America; the Qwest Communications scandal, which involves an accounting fraud by manipulating the records; the Barings Bank scandal, which involves fraud and forgery; the WorldCom scandal, in which the company uses fraudulent accounting methods; the Facebook scandal, which involves the data of the users being sent to another political consulting firm; and the Volkswagen scandal, in which involves bribery affair. In the waste management scandal, the CEO or chief executive officer and their top executives, as well as, the auditors of the company named as the Arthur Andersen Company are actually involved in this issue. This particular scandal involves the depreciation of the time length on their balance sheets, which include their plant, equipment, and property. Since one of the most common questions in the corporate world is “Are cpn numbers illegal?”, the CPN is actually a shortened term for credit profile number that is commonly used by the people and businesses to commit fraud, and using CPN is definitely illegal and you can go to jail.