"Adelphia Communications Corp S Bankruptcy" Essays and Research Papers

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Adelphia Communications Corp S Bankruptcy

------------------------------------------------- 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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Adelphia Communications Corporation Scandal

 Adelphia Communications Corporation Scandal Unethical Business Practices Research Assignment Abstract Historically, ethical values, relating to professional business practice, continually raises controversy for business owners/founders, shareholders and consumers. Ethical standards perpetually change because personal and societal values evolve, and adapt accordingly to modern day lifestyle. It is as essential to adhere to your profession’s ethics, as it is to denounce questionable...

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adelphia communications

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...

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Adelphia Scandal

 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...

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Adelphia Communications Scandal Revealed

ADELPHIA COMMUNICATIONS SCANDAL REVEALED ________________________________________ The Adelphia Communications Scandal Created Controversy. The Fraudster Got Sympathy From the Judge and Received a Light Sentence for Stealing From Old Folks. ________________________________________ The Adelphia Communications scandal broke in 2002 when a footnote in a routine quarterly earnings statement revealed that the Rigas family had borrowed more than $2 billion from the company. But they didn't pay it back...

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ETH501 Adelphia Case

this case study we are asked to draw upon deontological ethics, and discuss how Adelphia Communications’ executives violated the trust of the company’s shareholders and the trust of that of the larger public. To do this we first need to take a look at deontological ethics and how the philosophy of deontological ethics affects the choices that were made in the Adelphia Communications’ case. We will also look at the Adelphia case and examine how its executives violated the trust of the company’s shareholders...

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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...

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The Adelphia Scandal

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...

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Adelphia Scandal

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...

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The Adelphia Communications scandal

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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