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ndltd-OhioLink-oai-etd.ohiolink.edu-muhonors11110861812021-08-03T05:41:59Z SCANDAL, INC Fleck, Andrew Both Corporate America and the accounting industry have been plagued by a number of frauds, scandals, and improprieties over the course of the past 24 months. The names of the culprits—Enron, WorldCom, Andersen, Global Crossing, Qwest, Tyco, Adelphia, Waste Management, and Xerox—have been plastered across newspaper headlines and have become household names for many. I have highlighted the happenings within these organizations, emphasizing the who was responsible and how and why the frauds took place. Though many have blamed the accounting industry and the questionable ethics of some of the large accounting firms, I propose an alternative cause: Greed. Though the accounting industry has some issues, the greedy executives, I concluded, were using accounting trickery to dupe the public, keep stock prices high, and make themselves rich via stock options. As a solution, I contend that a system of controls needs to be implemented in order to curb the greedy executives from perpetrating the public markets any further. Specifically, regulation needs to strictly define new corporate governance policies and procedures. Then and only then, will trust return to the stock market and our nation’s economy. 2003 English text Miami University Honors Theses / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=muhonors1111086181 http://rave.ohiolink.edu/etdc/view?acc_num=muhonors1111086181 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws.
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