An example of the Ford Pinto scandal‚ where organizational leaders mad bad decisions are related to the Ford Pinto catching fire when involved in a rear-end crash where a defect in design or manufacturing could lead to death or serious bodily harm. Ford had access to a new design which would decrease the possibility of the Ford Pinto from exploding‚ the company chose not to implement the design‚ which would have cost $11 per car‚ even though it had done an analysis showing that the new design would
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company‘s shareholders lost tens of billions of dollars after the stock price plummeted. The scandal surrounding Enron‘s demise engendered a global loss of confidence in corporate integrity that continues to plague markets‚ and eventually it triggered though new scrutiny of financial reporting practices. To understand what went wrong‚ we‘ll examine the history‚ culture‚ and major players in the Enron scandal . ENRON’S HISTORY The Enron Corporation was created out of the merger of two major gas pipeline
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University of North Carolina Academic Scandal Many colleges are known for their prestigious academics or sports teams; University of North Carolina was known for both. Five years ago a sandal arose that changed the University of North Carolina reputation immensely. A report came out that said the university was offering courses that were so incredibly easy that students were allowed to pass with flying colors without even showing up to class or turning anything in. In the article by CNN‚ “UNC report
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the most trending is the 2016 presidential election. Being dubbed “insane” with the many claims and events by the candidates‚ there are a select few topics that are definitely deemed to be “controversial” in conversation. One topic being the email scandal on Hillary Clinton’s part. Losing thousands upon thousands of emails may seem like a harmless mistake‚ however‚ those emails were suspected to hold classified information that was never meant to reach anyone on the outside. On top of that‚ all of
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Nixon and Watergate: The Scandal that Blew Up in the Face of the Public The Watergate Scandal was one of the most hideous and corrupt events in American History. Ite started to a burglary; the burglary led to a major‚ corruption scandal; the scandal led to the president‚ which gave us the only resignation in presidential History (Karmi). The scandal can be shown in its beginnings‚ with all the spying they did: “... a massive campaign of political spying and ‘dirty tricks’ was initiated against the
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Name Instructor Course Date Watergate Scandal There are several events in the American history that indicate the restriction of knowledge and information to the public and the reactions that are experienced due to their exposure. One of the historic events apart from the black American slavery is the Watergate scandal. Watergate scandal is a major event that occurred in the history of the United States that led to the resignation of Richard Nixon who was the then US president. Watergate is considered
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As President Reagan’s term was coming to an end‚ the American public saw little need for change. Therefore‚ George Bush became elected and was determined to follow Reagan’s legacy. However‚ due to the recession Reagan started and Nixon’s Watergate Scandal‚ majority of people had little faith in their government and believed Bush’s promise to not create new taxes and make America a “kinder‚ gentler nation” was just an excuse to separate himself from Regan’s legacy. However‚ the people’s skepticism would
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The 10 Worst Corporate Accounting Scandals of All Time If there is one theme to rival terrorism for defining the last decade-and-a-half‚ it would have to be corporate greed and malfeasance. Many of the biggest corporate accounting scandals in history happened during that time. Here’s a chronological look back at some of the worst examples. Waste Management Scandal (1998) Company: Houston-based publicly traded waste management company What happened: Reported $1.7 billion in fake earnings. Main players:
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In history‚ the American Government has their fair share of scandals; these scandals may include corruption within the American Government‚ or even more personal as a sex scandal. Scandals can be a wide variety of different things. Ari Adut‚ a professor in the sociology department at University of Texas at Austin‚ describes how he perceives scandal in his book On Scandal. Adut explains his definition of scandal as‚ Scandal is a polysemic word. A real‚ apparent or alleged but significant transgression
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The Watergate scandal was known to be the most infamous political affair in United States history. The event leading up to this scandal was the break in on June 17‚ 1972 at the Watergate Hotel located in Washington D.C. It all happened when five burglars broke into the democratic building to help reelect the president by wire tapping the system. They needed information to tamper with the election‚ and allow Nixon to win. The first people to report were Carl Bernstein and Bob Woodward. Finally the
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