misappropriation of $600 million that was allegedly stolen from Tyco and its shareholders‚104 a multinational corporation dealing in industries from hospital suppliers to fire sprinklers.105 At the beginning of 2002‚ it was uncovered that the then-CEO Dennis Kozlowski and his associate‚ CFO Mark Swartz‚ were using the company’s funds for inappropriate purposes. The official company stance on the scandal was reportedly‚ “Yes‚ they took the hundreds of millions—but the board let them do it.”106 In June
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Executive Compensation and the Dramatic Increase in Corporate Accounting Scandals According to one estimate‚ the total median CEO pay at the nation’s 350 largest publicly-owned firms grew from $2.7 million annually in 1995 to $6.8 million in 2005. The overall increase in CEO pay has outstripped inflation and the growth in non-managerial pay over the same period. Equally important is the trend in the composition of CEO performance-based pay which includes stock and stock option grants. Median
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In the following essay‚ I will attempt to highlight the phenomenon in cinema known as the "counterculture youth-pic." This trend in production started in the late 1960’s as a result of the economic and cultural influences on the film industry of that time. The following essay looks at how those influences helped to shape a new genre in the film industry‚ sighting Easy Rider as a main example‚ and suggests some possible reasons for the relatively short popularity of the genre. "The standard
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Tyco’s corporate culture would have been led by the CEO‚ Dennis Kozlowski. Since Kozlowski enjoyed the more extravagant luxuries in life he incorporated that into his leadership of the company. By doing so he set the cultural foundation of the company. The leader of any company has control of the corporate cultural. If a leader values his own income and lifestyle above what is best for all others than that is going to have a negative impact on the company as a whole not just him. Had Kozlowski been
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Reading through Dennis Johnson’s Train Dreams‚ it quickly becomes evident that this book isn’t just a novella on the life of a man who loses his wife and daughter to a forest fire‚ but instead something much greater. Throughout the novel and even on its cover art‚ Train Dreams hints at how “…the cataclysmic changes wrought by twentieth century” led to “…the disappearance of a certain kind of American life”. In this novella‚ Robert Grainer is a man whose life is caught up in the middle of America’s
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examples of occasions when holograms are used are for security‚ authenticity‚ and tracking. In the future‚ we can expect to see holograms in households‚ and with the proper technology‚ we might even see them on our smart phones‚ too! In the 1940’s Dennis Gabor‚ a Hungarian-Brit‚ invented holography. He won the Nobel Prize in 1971 for the “invention and development of the holographic method.” It started out as wanting to improve electronic microscopes when Gabor stumbled upon holography. (Hubbard‚
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Imagine you’re a 15 year old boy. You have been out all day‚ with your friends‚ or something that would make a great dinner time story for your family. You then come home to find you mother‚ father tied to chairs‚ and murdered. Afterwards you walk into another room to see your little sister and little brother‚ brutally murdered. Sounds like everyone’s worst nightmare‚ but in this case it is one boys reality. Charlie Otero was in 10th grade when he discovered his family in his own home had been strangled
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THE INNOCENT MAN: MURDER AND INJUSTICE IN A SMALL TOWN‚ by John Grisham. New York: Doubleday‚ 2006. 368pp. Hardcover. $28.95. ISBN: 9780385517232. Reviewed by Jack E. Call‚ Department of Criminal Justice‚ Radford University. Email: jcall [at] RADFORD.EDU. John Grisham’s legal novels are well-known to avid readers of that literary genre. THE INNOCENT MAN is Grisham’s first (and so far only) venture into non-fiction. It tells the story of Ron Williamson‚ an Oklahoma boy with great promise
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that time was for their personal wealth and growth rather than the interests of their employees and shareholders. They disregarded their employees‚ investors and also participated in an unlawful corporate management. Tyco’s chief executive officer Dennis Kozlowski stole from the company well over 400 million dollars in which he used for his personal wealth. Some of the things he did using Tyco’s money were; a two million dollar toga party for his wife‚ millions of dollars in real estate properties
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The 10 biggest frauds in recent U.S. History Enron: The energy company’s bankruptcy in 2001 after allegations of massive accounting fraud wiped out $78 billion in stock market value and led to the collapse of Arthur Andersen and the passage of the Sarbanes-Oxley Act of 2002. A class action settlement of $7.185 billion was the largest of all time. Former President Jeff Skilling is serving a 24 year sentence. Bernard Madoff: New York money manager Bernard Madoff’s $65 billion Ponzi scheme‚ the
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