destroy one of the largest communications companies in the United States and world. A humble motel owner‚ Bernard Ebbers took a small long distance company in 1983 and turned it into one of the most successful businesses in the country. It was not so much the business operations that caused the company to grow but the aggressive acquisitions that made the company grow. In its day‚ CEO Bernard Ebbers led the company through seventeen mergers and acquisitions‚ including the (at the time) largest ever
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Zinsule Bonner Pride Comes Before the Fall In the short stories “The Bill” (1951) and “Take Pity” (1958) by Bernard Malamud‚ the author focuses on the theme of victimization that can be associated with the characters’ pride‚ and in their cases‚ willfulness. In “The Bill‚” Ms. Panessa‚ an elderly woman who partners with her husband in a family-owned delicatessen‚ unwittingly victimizes herself and others with her own sense of honor. Similarly‚ in “Take Pity‚” the main character‚
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scandals regarding business ethics in more recent times. The scandal was a complex Ponzi scheme ran by Bernard Madoff. A Ponzi scheme was originally named after Charles Ponzi‚ who would pay returns to its investors from new capital paid to the operators by new investors rather than any profit generated. Bernard Madoff ran the largest Ponzi scheme in history through his wealth management firm‚ Bernard L. Madoff Investment Securities LLC. The estimated amount of the fraud was about $64.8 billion based
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right time to buy a home. Depending on the size of the decision and influence‚ everything that happens in one’s life could be crucial moments that determine the final outcome of one’s life. This was seen in Rudolfo Anaya’s Bless Me‚ Ultima and Bernard Malamud’s The Natural. Both author’s used the main characters to show that one’s future is determined by the choices made throughout life‚ and the outside influences that guide the choices. Anaya and Malamud use other’s expectations‚ other’s guidance
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The film ‘American Beauty’ in short is eye opening and controversial at best. It challenges our perceptions of society and social interactions and how we perceive everyday things such as beauty. It is a film which also steps of the ‘beaten track’ of film techniques and uses more skewed and controversial methods of getting the film’s message and themes across to the audience‚ often resorting to making that said audience feel uncomfortable and insecure. Because of ‘American Beauty’ being far from
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The Magic Barrel All writers use literary terms to create a story. Bernard Malamud‚ the writer of The Magic Barrel‚ includes many literary elements. Character and characterization are definitely important elements in the short story. This essay will describe how Bernard Malamud creates the character of Leo Finkle through the methods of characterization. In uptown New York lived Leo Finkle‚ a rabbinical student. Leo was advised by an acquaintance that he would find it easier to win a congregation
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issues involved in the Madoff case? Bernard Madoff was accused of fraud and creation of a Ponzi scheme which lead to a $65 billion investment loss. He established himself as a trusting and respectable figure‚ who was really involved in a white-collar crime. Madoff deceived many people into thinking his operation as legitimate‚ and completely abused his respectable name and position of power for his own personal advances. 2. Do you believe that Bernard Madoff worked alone‚ or do you think he
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Bernie Madoff was a legend on Wall Street. His success grew very quickly and he built a trading powerhouse named Bernard L. Madoff Investment Securities that was founded in 1960. He enjoyed telling employees‚ peers‚ and friends that his enterprise started on the Pacific Ocean beaches in Long Beach‚ CA as a lifeguard. Madoff enjoyed leading his company‚ chairing the NASDAQ board‚ and presenting to traders as a leader in the industry sharing his tips‚ tricks‚ and lessons learned. By 2000‚ his company
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By 2008‚ Bernie Madoff had grown Bernard L. Madoff Investment Securities to 200 employees and commanded tremendous respect on Wall Street (Gregoriou & Lhabitant‚ 2009‚ p. 90). His lines of business included market making‚ proprietary trading‚ and investment advisory services. Madoff used the investment advisory services sector to perpetrate his Ponzi scheme. More than $750 million dollars of stolen funds were transferred to the market making and proprietary trading operations‚ keeping those portions
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The Bernard Madoff’s Fraud How Madoff Executed the Fraud Madoff’s scheme to defraud his clients at Bernard Lawrence Madoff Investment Securities began as early as 1980 and lasted until its exposure in 2008. Bernard carried out this scheme by soliciting billions of dollars under false pretenses‚ failing to invest investors’ funds as promised‚ and misappropriating and converting investors’ funds to benefit Madoff‚ himself‚ and others without the knowledge or authority of the investors. To execute
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