Introduction The Adelphia Communications scandal occurred in March‚ 2002 when three of the original founding family members which included the father John Rigas‚ and two of his sons Michael and Timothy‚ along with two other company executives were arrested for improperly taking assets from the nation’s sixth-largest cable television company. The scam involved one of the biggest financial frauds faced by a publically held company. In the end stakeholders were forced to absorb massive losses as
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Categorical Imperative Applied to the Adelphia Communications Scandal In July of 2002‚ five officials of the Adelphia cable-television company were arrested on the charge of gross corporate fraud conducted by members of the Rigas family. The events which transpired during the Adelphia scandal were some of the most egregious to date with an estimated "$100 million‚ hiding more than $2 billion in debt the family incured‚ and lying to the public about Adelphia ’s operations and financial condition
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Adelphia Communications Corporation Adelphia Communications Corporation was one of the largest cable and internet providers in America prior to its declaration of bankruptcy in 2002 due to internal corruption. The executive officers of Adelphia inflated the stock price of the company by falsifying their financial records as well as funneling their debts into other smaller firms so that the large amounts of debt did not show on their financial reports. This lead investors to believe the company
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Preventing Security Breaches Nicole Lee BIS 221 January 19‚ 2015 Nabih Zourob Preventing Security Breaches In week two’s C discussion on preventing security breaches I picked the article Global News & Analysis. This article talked about all of the different kind of breaches that include companies‚ social media‚ and healthcare. Often times we go to the doctor not realizing that all of our personal health information is being saved‚ and if not protected by the office our information can become breached
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Preventing Security Breaches Darleen Busot BIS/221 February 2‚ 2015 James Boykin Preventing Security Breaches The era of the Internet is giving people many tools and advantages that help them been available at any time and place and they are been more productive. It has also helped corporations becoming efficient and increased their exposure to the public. All pros come with cons‚ and the Internet cons are affecting people and corporations as well. People and companies are been exposed to the dark
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Discuss trends in security breaches in Europe In the past recent years cyber security breaches have cost many businesses in Europe big money as well as damaging competitiveness and reputations. Cyber security incidents have cost more 935 million euros a year. This rises to closet to 4.1 billion when you include data loss‚ hardware‚ and software failure. According to the latest research from the European Union Agency for Networks and Information Security here are some of the top five threats European
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SHC 34 what does it mean to have a duty of care in my work role? To have a duty of care means you must aim to provide a high quality of care to the best of your ability‚ not act in a way that could case harm and always act in the best interest of the individual. In my work role I do this by keeping my knowledge up to date‚ such as attending weekly house meetings‚ attending young adult support meetings and attending training sessions provided by my employer. i make sure that i am in a position
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His ordeal was one of the first of its kind‚ he stood up for what he believed in even if it was just him against the
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------------------------------------------------- We have reviewed the financial information provided for Adelphia Communications Corporation for the years 1992-1996. We have also evaluated the Company’s position and strategy within the industry‚ standard industry practices‚ and evaluated the Company’s ability to repay debt. We have concluded that the Company should be considered high-risk; however the decision of whether to grant loans to the Company should be based on the creditor’s acceptable
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overriding of one person’s preferences or actions by another person‚ where the person who overrides justifies this action by appeal to the goal of benefiting or of preventing or mitigating harm to the person whose preferences or actions are overridden. It does not prejudge whether the beneficent act is justified‚ obligatory‚ or misplaced. It further divides paternalism into soft or hard paternalism. Distinguishing between them results in a discussion of autonomy and whether it can be justified in relation
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