Patrick O’Keeffe Managing Director of Marketing and planing for American Airlines rejecting my proposal and revenue generating idea. Mr. O’Keeffe responds to my proposal prove my right to this revenue generating idea not only that, but it also shows how AA illegally and deliberately used a documented revenue generating proposal and violating the law by turning a blind eye to their own archive that contains this submitted proposal and to the rightful owner of this revenue generating idea. American Airlines should have restrained from using and committing this infringement and theft of this revenue generating idea until they get the appropriate permission from the rightful owner before rushing and generating millions of dollars from a revenue generating idea that they have no right to use or entitlement to use. Please reference the attached letter from Mr. O’Keeffe on behalf of Mr. Carty and the current American Airlines hold fees policy to compare between my revenue generating proposal stated in AA letter and AA hold fee policy being used today. It is as if you lost your engraved with both of your names, wedding diamond ring and somebody found it and turned it in to the police and twenty years passed and no one claims it, does that give the captain of the police the right to give that ring to his wife or daughter?
1. What factors in the WorldCom case support the conclusion that CEO Bernie Ebbers Knew about the financial statement fraud? What factors support his defense that he did not know about the fraud? Bernie Ebbers Knew about the financial statement fraud because he was the one who encourage others to go into financial fraud because of the stock prices were going down, which was affecting his marginal loan. For that reason, he was trying to sell his stock, but the board of Directors lent him $341 million, along with 2% interest rate.
Voyagers understood that the flexibility to go without layers of government oversight and confinements was lost on September 11, 2001. Going before the September 11 attacks, air terminal security was shared between air terminal forces and business flying machines. Security screening focused on checking for handguns and bombs (taking after the pack blockading of Pan Am Flight 103 over Lockerbie, Scotland, in 1988). The Aviation Security Improvement Act of 1990 and the recommendations of the White House Commission on Aviation Safety and Security (1996) were either inadequate or not realized. Air transportation security was discretionary to stresses over fiscal adequacy, and there was a strong impenetrability to copying through money to improve security.
If other companies that did not have the image of the company resting on an individual’s reputation had the same occurrence from a CEO or business leader, the brand equity would not have as much of a probability to suffer. Conclusion The insider trading scandal with Martha Stewart represents an important example of the risk associated with branding a company with an individual. As soon as the company brands themselves under an individual’s name, the corporation has the risk of rising or falling in profits based on the reputation and the ethical implications of the individual. Businesses should exercise care with branding a company on an individual and avoid it as much as
Before Markham reveals his estimate of the underfunding risk the previous values showed he should first seek the advice of his firm, to explain his situation of how his estimated pension values were significantly higher than the actuaries reported value, and then voice any concerns he had that was related to the liability risk associated with his estimated higher values of the pension fund which is a misleading to the pension board members. Markham gave his oath to the Code of Ethics and Standards of Profession Conduct and should adhere to the rules and regulations and not provide false information or mislead his clients under any circumstances (Code of Ethics and Standards of Professional Conduct,
What impact will the prospect of deprivatization have on investment by managers of privatized firms? Deprivatization occurs when ownership is transferred from the private sector to the public sector. So if a private firm reverts back to government ownership, the managers will have less control over the company. They many even lose their jobs. Therefore, any investments made by the company could possibly be lost or the investment strategy may change under the new ownership.
1. How did pressures for financial performance contribute to Sunbeam’s culture, where quarterly sales were manipulated to influence investors? To what extent do you believe the Andersen auditors should have considered the resulting culture in planning and executing its audit? Before Chainsaw Al was brought in as CEO at Sunbeam, Sunbeam had already experienced financial distress. Sunbeam was pressured to fix their financial issues, and were looking at all options on how to solve their internal crisis.
"The auditor 's job is to exercise professional skepticism in evaluating a public company 's accounting and in conducting its audit to ensure that investors receive reliable information…” (Aubin, 2016). E&Y did not do their job and the PCAOB had every right to fine the firm. Make a recommendation as to how regulators and professional societies may prevent this type of behavior in question for the future. Provide support for your rationale In this case, E&Y should not have been allowed to conduct Medicis audits for 20 years. There was already a conflict of interest established by their relationship years and there is no way that E&Y could have maintain its independence.
Key Issues The key issues in this case include the recapitalization effects to the rest of the company. The immediate benefits include the value of te tax shield and in turn will have effects on he share price at Wrigley. Taking on $3 billion of long-term debt will also affect the WACC due to the increased risks of Wrigley as the company went from having $0 long-term debt to $3 billion. In addition, the recapitalization and re-purchase of shares will decrease or contract the number of shareholders, which could possible affect the Wrigley Family’s voting ability
Gelles proposes the question of what would happen if potential business owners are scared of starting a business because of factors unrelated to business (Gelles). He then answers the question by saying that “the economy as a whole must be hurt”(Gelles). Gelles uses logic to further along the argument that universal health care would benefit the economy by saying that without universal health care the economy would be hurt because entrepreneurs would be “scared off” by the lack of a healthcare plan (Gelles). Gelles presents the same argument again, but with an emotional basis, he presents this argument by giving an anecdote about