Guidlines and Issues to be researched

IT 146

Ethics for IT Professional and Related Laws

Instructions:

The format for your business scandal written report is enumerated and discuss below.( minimum of at least 2 pages)

Font style: Times New Roman

Font size: 12

Paper size: Letter

Title Page

This contains the title of the written report. You create a title for the business scandal assigned to you. A specific title that will relate to the business scandal. You can start make use of those creative mind of yours.

 

Introduction
What is the company? What does the company do? What are its services? Who are its customers?

The Business Scandal
This section introduces the business scandal. Who are involved? What are the consequences faced by every person involved?

The Ethical Issues
This is all about the ethical behavior and obligations that must have been forgotten of the people involved. Give your arguments for each ethical obligation.

The Conclusion
Give your concluding paragraph that summarizes the business scandal and conclude its effect to you and to the community.

Reference List
List your references for your information gathered.

List of corporate scandals

• 2006 HP Spying Scandal
• 2008 Siemens Scandal, involving cases of bribery on behalf of Siemens towards the Greek Government
• American Airlines, deferred maintenance of aircraft
• Adelphia officers trial and prison sentence
• AOL Time Warner
• Arthur Andersen
• BAE Systems bribery scandal related to the Al Yamamah contracts with Saudi Arabia.
• Bank of Credit and Commerce International scandal
• Barings Bank, derivatives trading scandal
• Bayer, links to Josef Mengele's Auschwitz human experiments, HIV-tainted blood products, anti-Semitism, racism
• Bre-X gold mining and stock scandal
• Bristol-Myers Squibb accounting scandal
• Clearstream, which has been qualified as "the greatest financial scandal in Luxembourg" (Clearstream is a clearing house, i.e. sort of a "bank of banks", used to centralize credit & debit between banks and other financial organizations). As of 2006, it hasn't been resolved yet.
• Chiquita Brands International Financing terrorist organizations
• CMS Energy
• Compass Group, bribed the United Nations in order to win business.
• Corrib gas controversy Kilcommon, Erris, Co. Mayo, Ireland.
• Deutsche Bank, spying scandal
• Duke Energy
• Dynegy
• El Paso Corp.
• Enron accounting fraud, involving Arthur Andersen
• Exxon overreporting of oil reserves
• Fannie Mae underreporting of profit
• Firestone Tire and Rubber Company for use of child labor
• FlowTex, the largest corporate scandal in German history
• Ford Pinto scandal
• Global Crossing
• Guinness affair
• Hafskip's collapse
• Halliburton overcharging government contracts
• Harken Energy Scandal
• HealthSouth reporting exaggerated earnings
• Homestore.com
• IG Farben, participation in the Holocaust
• Kerr-McGee, the Karen Silkwood case
• Kinney National Company financial scandal
• Kmart
• Krupp, participation in arming Nazi Germany and in the Holocaust
• Lernout & Hauspie accounting fraud
• Lockheed bribery scandal in Germany, Japan, and Netherlands
• Merck Medicaid fraud investigation^[4]
• MG Rover Group accounts and pensions scandal
• Mirant
• Morrison-Knudsen scandal. Led to William Agee's ouster
• Nicor Energy
• Nortel executives overstate post-dot-com recovery earnings in order to earn bonuses^[2]
• One.Tel collapse
• Options backdating involving over 100 companies
• Parmalat accounting scandal & mutual fund fraud
• Peregrine Systems corporate executives convicted of accounting fraud
• Phar-Mor company lied to shareholders. CEO eventually sentenced to prison for fraud and company eventually became bankrupt.
• Qwest Communications
• RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in California
• Refco, Inc. commodities & futures scandal involving hidden debts involving underwritting firms Credit Suisse First Boston, Goldman Sachs, Bank of America Corp.
• Reliant Energy
• Rite Aid accounting fraud
• Royal Dutch Shell overstated its oil reserves twice, it downgraded 3,900,000,000 barrels (620,000,000 m³), or about 20 percent of its total holdings.
• Salad oil scandal, where millions in loans were obtained on largely nonexistent inventories of salad oil
• Société Générale, derivatives trading scandal causing multi-billion euro losses.
• Southwest Airlines, violations of safety regulations.
• Tyco Internationalexecutive theft and prison sentence
• Union Carbide, the Bhopal disaster.
• ValuJet Airlines, loading live oxygen generators into cargo hold of passenger jet causing fatal crash
• WorldCom / MCI accounting scandals
• Xerox alleged accounting irregularities involving auditor KPMG, causing restatement of financial results for the years 1997 through 2000 and fines for both companies.^[2]
• David Wittig "looting" scandals
• Northern Rock bank - subprime mortgage crisis and nationalisation, United Kingdom
• Satyam Computers, India
• S-Chips Scandals, Singapore