AIG Accounting Scandal Contents 1.0 Introduction ………………………………………………. 2 1.1 Overview of AIG …………………………………….. 2 2.0 Scandal Methodology Used by the Company………… 3 2.1 Accounting Practices Errors ……………………….. 3 3.1 Ways to Hide Accounting Improprieties ………………. 4 4.1 Who the scandal effected ………………………………. 7 5.1 Recommendations ………………………………………. 8 6.1 Conclusions ………………………………………………. 9 7.1 References ………………………………………………. 10
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A Summary of the case “BP (Beyond Petroleum) Focuses on Sustainability” Introduction British Petroleum or Beyond Petroleum (BP) is the world’s one of the largest and leading petroleum product manufactures. It has headquarters in London. It operates from 29 countries. Though it has faced safety and environmental controversies in the history of its operations it could overcome all negative images through a concrete focus and consistent efforts towards sustainable developments. BP operates throughout
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/1755-4195.htm Independent directors: time to introspect‚ suspect‚ respect – an Indian perspective Rashmi Aggarwal IMT Ghaziabad‚ Ghaziabad‚ India Abstract Purpose – The purpose of this paper is to understand the culpability of independent directors (IDs) in a public listed company under clause 49 of the listing agreement of the Securities Exchange Board of India‚ which‚ primarily‚ is the corporate
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[pic] LEADERSHIP AT AIG: DOES STYLE MATTER? Case Overview This case deals with executive leadership styles. In particular‚ this case deals with American International Group‚ the world’s insurance company‚ and its CEO Maurice “Hank” Greenberg. Greenberg‚ an autocratic leader‚ was recently deposed by his board of directors after problems emerged regarding possible earning manipulation. It describes his leadership style‚ reasons his two sons (former employees) left the company‚ and Martin
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Coping with Financial and Ethical Risks at American International Group (AIG). Abstract American International Group‚ Inc. (AIG) reported bogus transactions that hid losses and inflated its net worth. AIG inflated reserve funds that were to be used for paying claims by millions of dollars and that AIG’s CEO Maurice Greenberg repeatedly directed AIG traders late in the day to buy AIG shares to prop up its price. However‚ aside from AIG’s corporate financial reporting errors or outright fraud
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with Whitman. Lupe Fiasco represents the Modern American voice speaking out against the degrading world society and does so by influencing the public through their appeal of music. He rejects and contrasts from the negative influences of the world and uses his music to contradict those who degrade our society. Born in the west side of Chicago Illinois‚ Fiasco grew up opposing what most other kids in his time regarded as their inspiration. Unlike the others he grew up around‚ Fiasco took interest in
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America is a nation of the violent‚ the racist‚ the corrupt‚ the land of the once was free but now tied down. Please‚ stop the violence‚ get educated‚ love one another‚ or Bring the Noise. Public enemy seemed to recognize these problems that this nation faced and still faces today. They made songs soulie focused on fixing political and social issues. Turning rap into an alternative genre‚ or also known as conscious rap. Conscious rap is a subgenre of Hip-Hop that puts awareness and knowledge on cultural
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Hoover’s flight fiasco Hoover’s famous for household cleaning equipment such as vacuum cleaners‚ floor cleaners‚ washing machines and so on. They dominated the home cleaning market for years‚ but in the early 90’s people started buying from other new and modern brands‚ such as Dyson and Electrolux. In order not to lose clients in favor of their competitors‚ the company had to figure out a way in order to retain their customers. Famous for their promotional campaigns‚ Hoover came up with an idea
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The Jamestown Fiasco Commentary According to Edmund S. Morgan‚ the majority of problems faced by the first settlers who arrived to Jamestown in the year 1607 were caused by the poor organization within the colony. For example‚ the settlers were unwilling to grow their own food supply and establish a reliable foundation for future settlers. Despite the abundance of game to hunt‚ and perfect weather conditions to harvest crops‚ the settlers would instead dig up corpses‚ and in one case a man
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The understanding of oppression ABSTRACT Oppression and all its invisible forms keep us as a people divided why? In my paper I will be discussing the many forms of oppression and how to understand oppression and why it works as a whole to keep minorities at large subjugated without them even knowing it at times. to truly understand oppression one has to experience it. I mention in my paper many injustices
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