Rigas‚ the son of Greek immigrants‚ founded the company that would grow and become Adelphia Communications Corporation in Coudersport‚ Pennsylvania‚ when he purchased a $300 license to wire Coudersport for cable television services. In 1972‚ he and his brother‚ Gus‚ created Adelphia Communications Corporation. Adelphia is Greek for “Brothers”; this signifies their Greek heritage as a corporation run by brothers. Adelphia has always been a “family” business. Over the decades as the cable industry began
Premium Stock Fraud
Introduction The American multinational enterprise‚ Google Inc.‚ predominately leading the globe in internet services and products. They provide online advertising technologies‚ search engine‚ cloud storage‚ applications and other software. Their customers are advertising agencies and large businesses who pay to be exposed on the many free services Google offers to internet consumers. The largest shareholders Brin Sergey and Larry Page‚ founded Google while attending Stanford University. Google is
Premium Google Google search Web search engine
The Adelphia Scandal The Dawn of Adelphia Adelphia was founded in 1952 by John Rigas and his brother Gus Rigas in Coudersport‚ Pennsylvania with the purchase of their first cable franchise for $300. After 20 years‚ the Rigas brothers incorporated their company under the name Adelphia which derived its name from a Greek word which means brothers‚ an apt corporate title for a business that would employ generations of the Rigas family. Adelphia was a cable television company and built its success
Premium Fraud
The Adelphia Scandal In 1952‚ John Rigas purchased his own cable company. By the late 1990’s‚ he had turned it into the sixth largest cable company in the United States with 5.6 million customers. The business was always run as a family style business which led to fraudulent acts among family members and upper level executives. The family has been accused of stealing $3.1 billion from Adelphia and is now facing criminal charges. Adelphia was forced to file chapter 11 bankruptcy and as of April
Premium Ethics Morality Business ethics
Adelphia Cable Bruce Dawson Principles of Management Mgmt.230 "Adelphia is one of the nation’s leading cable companies with more than 5.3 million residential customers nationwide. In addition to cable entertainment Adelphia offers digital cable‚ high-speed internet access‚ long distance telephone service‚ and home security" (Adelphia). The leadership of this company currently consists of 18 officers. One officer for each of the five regions Adelphia covers. One officer in each of the
Premium Vice president Cable television Bankruptcy in the United States
Adelphia Case Assignment Kirstie Fehrenbach BUS 101 AH 1. The owners are the primary stakeholders in this case. 2. I know that the owners are the primary stakeholders because the illegal inside dealings that the Rigas family was involved with negatively affected not only themselves‚ but also their other shareholders. The most obvious illustration of this blowback is the arrest of Rigas family members and the bevy of lawsuits brought up against them by other shareholders. Consequently‚ the
Premium Board of directors Fiduciary Corporate governance
Adelphia Communications Scandal Adelphia Communications was the nation’s 6th largest cable company and became yet another corporation involved in a scandal that resulted in their downfall. Adelphia’s services included high speed cable internet service‚ cable TV service‚ and long distance phone service. Adelphia had more than five million subscribers to these services. The scandal consisted of the Rigas family‚ the family that founded the company‚ and two other executives fraudulently excluding over
Premium Decision making
1.)Essentials of Committing Fraud: Position Equals Power The amount of money lost to an internal corporate fraud is most significantly influenced by the perpetrator’s position in the organization. When we look at various characteristics of those committing fraud‚ this makes sense‚ because access creates opportunity. Typically‚ the higher a person moves in a company‚ the greater access she or he is granted to information‚ assets‚ data‚ and people. That creates more opportunities to commit fraud
Premium Cable television Fraud Coaxial cable
Firstname Lastname Instructor’s Name Course Number 21 July 2015 Adelphia Communications Adelphia is the 6th biggest cable television provider in the United States and‚ with various subsidiaries‚ gives services of cable television and local telephone service to customers in 32 states and Puerto Rico. Adelphia means "brothers" in Greek. It used to be one of America ’s largest cable companies. John Rigas established the company and served as CEO and chairman. John ’s son Tim was CFO‚ and Tim ’s brothers
Premium Plaintiff Fraud Complaint
brief history of the organization. 2. Provide a clear‚ concise statement of the problem(s)/issues(s). 3. Identify primary and secondary internal and external stakeholders affected‚ describe their stakes in the issue‚ analyze the situation for effect on these stakeholders‚ and describe the issues and impact from the stakeholders’ views. 4. Summarize the primary and secondary ethical issues(s) involved. 5. Describe the organization’s strategy in dealing with this issue(s)‚ critique
Premium Corporate social responsibility Stakeholder analysis Corporation