In: People
...behind our success. Last financial year Pacific Brands generated sales of over $1.6 billion. Our participation in an extensive range of product categories, coupled with our strong and diversified customer network, underpin our position as a market leading supplier of everyday brands to the Australasian retail marketplace. We make in excess of 300,000 different products and sell over 200 million units per year. We leverage the benefits of our scale to increase efficiencies and generate innovation across the entire company. Ultimately, we seek to improve our speed to market and deliver quality products to our customers. Our brands have become iconic household names with the support of Australian sporting legends such as Sir Donald Bradman, Ken Rosewall, Evonne Goolagong Cawley, Margaret Court and Mark Waugh. Current identities actively endorsing our brands include Sarah Murdoch, Pat Rafter, Kate Ceberano, Cathy Freeman and the Bondi Rescue boys. Pacific Brands is committed to creating products that meet the changing needs of consumers. We will innovate. We will excite. We will make more of the...
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...1. In a narrative format, summarize the key facts and issues of the case. The key facts of this case include Imus’ performance and history as a 28-year veteran shock-jock, his employment by CBS and MSNBC, his controversial and off-color comments against a girl’s basketball team, and CBS’ response to the matter. The issues include the remarks made by Imus’, was the response by CBS timely and appropriate and what could have been improved upon in preparation and execution of their crisis management approach. Also, was CBS strategic in their execution of their damage control? Should Imus have continually remained in the media empathetically apologizing then saying he had apologized enough? 2. Update the information in the case by researching it on the Internet. Focus your response on the specific issues in the case. The case study provided by the text provides limited information in the summary. Although it includes the incident, a little history of Imus and CBS’ response, it is vague as to how the matter became so public and why CBS would severe a $40 million contract with one of the nation’s most revenue-producing jock (Press, 2007). Further research reveals the history of Imus’ profession as a highly sought after shock jock, the efforts behind his firing, CBS’ reaction, responses and their inadvertent handling of the matter. The employment contract was extended to Imus by CBS in 2006 because he was a shock-jock of the nation and because his controversy......
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...HealthSouth Corporation: Fraud, Greed and Corporate Governance Manmohan D. Chaubey, Ph.D. The Pennsylvania State University One College Place Du Bois, PA 15801 (USA) Tel: 814-375-4846 Fax: 814-375-4784 Email: mdc13@psu.edu Case for ICMC2006 International Conference on Management Cases 4-5 December 2006 IMT Ghaziabad, India HealthSouth Corporation: Fraud, Greed and Corporate Governance During the 1990s, Richard M. Scrushy, the former CEO of HealthSouth Corporation, engineered many acquisitions of rehabilitation clinics, outpatient surgical care operators, nursing homes and other health care companies. In 2003, the Securities and Exchange Commission (SEC) accused the company and Scrushy of inflating earnings to the tune of $1.4 billion since 1999. In November 2003, a federal grand jury indicted Scrushy on 85 counts including conspiracy, securities fraud, money laundering and charges related to overstating HealthSouth’s earnings by nearly $3.0 billion. According to federal investigators, the company overstated earnings to meet analysts’ earning estimates, while hiding the accounting fraud from the auditors. However, questions were raised whether the auditors failed to find or simply overlooked the fraud at HealthSouth. Central to the investigation was the issue of what role Scrushy played in “cooking the books.” However, as the case unfolded, it highlighted many other issues such as: The role of Board of Directors in corporate governance; the role of the auditors; the...
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...Three works of literature, labeled immoral, unfit to read and even satanic, completely criticized for their use of vulgar language and “blasphemes” way of speaking their mind. What critics fail to see is the true creativity of the humor in Candide, the morality and kindness in Huckleberry Finn, and the passion of Don Juan. All three of these great works of literature have suffered the injustice of biased criticism and have been rejected from public schools, which wastes their educational potential. Candide has been place into the index of prohibited books, Huckleberry Finn has been banned almost every public school, and Don Juan has succumb to a similar fate. What people don’t understand is that these novels and works of poetry can show us more about how humans treat each other, how realistic some ridiculous things can be, and how we can understand ourselves. Candide is a novel written by the French writer Voltaire, it’s about a germen man by the name of Candide who goes on quite a journey meeting a variety of people, constantly running into political and religious figures with bad results. Meeting up with old friends and characters he believed dead, the novel consists of unrealistic situations in a comedic fashion but in the end, through all the hell he can say let’s just forget about it and move on in our life. This story can give you a real life perspective and show you that life shouldn’t be taken seriously, if a guy like Candide can go through what he did without a......
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...As I have mentioned previously, provide a new file name for the assignment you are working on using the Northcentral naming convention: Learner’s last name, first initial, course code, dash, and assignment number (DoeJXXX0000-1) EXAMPLE: John Doe, PSY300, Assignment 1 = DoeJPSY300-1. BUSINESS ETHICS OKECHUKWU AKANNO Sr. NORTHCENTRAL UNIVERSITY ASSIGNMENT#8 MGT7019-8 Dr. JENNIFFER SCOTT September 16, 2012 Learner: OKECHUKWU AKANNO || MGT7019-8| Dr. JENNIFFER SCOTT| || BUSINESS ETHICS | #8| || Faculty Use Only TABLE OF CONTENTS PAGE Abstract --------------------------------------------------------------------------------------4 Introduction ------------------------------------------------------------------------------5 & 6 The role of Auditors at HealthSouth ---------------------------------------- 7 & 8 SEC Investigation ----------------------------------------------------------------------------9&10 Impact on Stakeholders ---------------------------------------11, 12, 13 & 14 Outcome and Fairness In Punishment ---------------------------------------- 15, 16 & 17 Conclusion......
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...The Scrushy Influence Table of Contents Table of Content…………………………………………………………………………………. 2 Abstract……………………………………………………………………………………………3 Introduction………………………………………………………………………………………..4 Richard Scrushy-Biography……………………………………………………………………….5 Health South History………………………………………………………………………………6 Health South Down Fall…………………………………………………………………………...7 Sentence…………………………………………………………………………………………...8 Sentence…………………………………………………………………………………………...9 Conclusion……………………………………………………………………………………….10 References……………………………………………………………………………………….11 Abstract This paper looks at the rise and fall of the Health South Corporation along with its founder and CEO, Richard Scrushy. One of the biggest fraud cases in recent history, this one company over- stated its revenue by four billion dollars, causing many people to lose both their life savings and their jobs. Over fifteen people received jail sentences, and even the Governor of Alabama went to prison. Richard Scrushy was sentenced to seventy (70) months in prison. Introduction Mr. Scrushy started his company in 1986, and by 2003 he had lost everything. However, what happened in those seventeen years was spectacular. Scrushy started a small firm which grew into a nationwide company employing over sixty thousand employees. By all appearances he was the golden boy in the medical insurance industry - acquiring other, smaller companies in order to expand his own corporation and enhance his own income. During......
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...HealthSouth: Fraud, Greed & Corporate Governance Marilyn J. Bordeaux HCS 5339 Rachael Kehoe HealthSouth: Fraud, Greed & Corporate Governance During the 1990s, Richard M. Scrushy, the former CEO of HealthSouth Corporation, engineered many acquisitions of rehabilitation clinics, outpatient surgical care operators, nursing homes and other health care companies. In 2003, the Securities and Exchange Commission (SEC) accused the company and Scrushy of inflating earnings to the tune of $1.4 billion since 1999. In November 2003, a federal grand jury indicted Scrushy on 85 counts including conspiracy, securities fraud, money laundering and charges related to overstating HealthSouth’s earnings by nearly $3.0 billion. According to federal investigators, the company overstated earnings to meet analysts’ earning estimates, while hiding the accounting fraud from the auditors. However, questions were raised whether the auditors failed to find or simply overlooked the fraud at HealthSouth. Central to the investigation was the issue of what role Scrushy played in “cooking the books.” However, as the case unfolded, it highlighted many other issues such as: The role of Board of Directors in corporate governance; the role of the auditors; the effect of conflict of interest between an accounting firm and its consulting arm on auditing; whether the relationship between an investment bank and a company affects the quality of the bank’s research reports on the company; whether the......
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...Primary, Secondary, and Tertiary source of information Sources of information are often considered primary, secondary, or tertiary depending on their originality and proximity of when it was created. Consider if it is an original work, or whether it evaluates or comments on the works of others. Also consider the proximity, or how close the information is to a first-hand account or if it is after the fact. Sources of information are often considered primary, secondary, or tertiary depending on their originality and proximity of when it was created. Consider if it is an original work, or whether it evaluates or comments on the works of others. Also consider the proximity, or how close the information is to a first-hand account or if it is after the fact. PRIMARY SOURCES DEFINED Primary sources are first-hand accounts or individual representations and creative works. It can also be said to be information that has been stated but not interpreted. They are created by those who have directly witnessed what they are describing, and bring us as close to the original event or thought as possible without being filtered, influenced or analyzed through interpretation. They tend to be original documents that don't usually describe or analyze work by others. Primary information is in its raw state Primary sources may be published or unpublished works. Primary source means it is original article or book created by individual or sometimes a group of people. It may be surprising...
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...Don Quixote was the most influential wok of literature to develop from the Spanish Golden Age and the best known work of Spanish literature in England. Don Quixote was a fictional character by Miguel de Cervantes who was considered Spain’s greatest writer. Published in two volumes a decade apart, Don Quixote contains romance, adventure, humor, aspiration and philosophy. Cervantes himself states that he wrote Don Quixote in order to undermine the influence of those "vain and empty books of chivalry.” I believe Cervantes wanted to take the knight idea to a different approach. Don Quixote was an important book for many reasons, but mostly because it was the first book to bring reasonable real-life consequences into the world of literature. Don Quixote is very different to other literature of previous time periods such as The Iliad, The Odyssey, Beowulf, Inferno, etc. It was an important development in literature and shows us readers that the reality of existence consists in accepting all the impact of experience. The popular literature at the time was romance. Cervantes work influenced the creation and transformation of literary genres. Don Quixote introduced the contrast between romance and reality. Alonzo Quixano who later changes his name to Don Quixote, was a wealthy man who spends all his days and nights reading books about medieval knights and dragon-slaying. Don Quixote is a sweet old man under a delusion that he...
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...Don Quixote Opposing Roles in Don Quixote: How Conflicting Characters Develop and Enhance Themes in Literature Don Quixote tells the story of Alonso Quixano, a Spanish gentlemen who is obsessed with reading books of chivalry. He sells most of his land to buy more books and spends his entire life reading them, often neglecting to eat or sleep. He decides to become a knight-errant himself and finds a horse, a squire, and a lady to honor (although she has no idea). Throughout his adventures he is brought home by some of the men in the village who hope to cure him of his insanity. Don Quixote has little understanding of reality and often mistakes mundane things like windmills for more fantastical things like giants or castles. The main purpose of Don Quixote is to parody the popular ideas of romance and chivalry. Cervantes highlights the humorous relationships between chivalry and everyday life and the various exaggerated characters are used to illustrate these themes. Cervantes attacks the nobility, classism, chivalry, and the misguided romantic notions of the time with his satirical story of an insane man in search of justice and glory. Cervantes also develops the idea that the old chivalric code is outdated and no longer necessary as no one but Sancho even begins to understand what Quixote is attempting to do. The use of exaggerated and opposite roles is used in Don Quixote to highlight and develop the various themes. Don Quixote is an idealist, or a madman depending on......
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...Certification: This is to certify that the following essay is my own work and that I have not received any unauthorized assistance with it. Signed Matthew Smith 11/4/15 What can be learned from Quipus? Quipu: Lost in Translation The lack of an Incan written language greatly hinders our understanding of their ancient civilization. Instead of a writing system it is believed that the Incas used a string based recording instrument known as a quipu. While surely very valuable to the Incas, the symbolic nature of the quipus has left much open to interpretation. Quipus are therefore very limited in the knowledge that they can provide about the Incas. “So, we know very little beyond what archaeology can tell us” (O’Bryan 1). Hirst sums up...
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...INTRODUCTION This paper discusses the HealthSouth Case including the activities and subsequent prosecution of its CEO, Richard Scrushy. “During the trial of former HealthSouth CEO Richard Scrushy, federal prosecutors argued that Scrushy must have known something was amiss with HealthSouth’s financial statements since there was a discrepancy between the company’s financial and nonfinancial performance.” Over a ten-year period from 1987 to 1997, HealthSouth enjoyed above–average growth at a rate of 31 percent per year. (Jennings, 2012, 2009, p. 183) This phenomenal growth was due, in part, to a series of mergers and acquisitions let by the efforts of the company’s CEO, Richard Scrushy who ran the company with an iron fist and has at least one recorded conversation directing a CFO to fix the numbers over time. The fraud lasted for seven years and totaled approximately $2.7 billion. Mr. Scrushy denied knowing anything about the fraud, claimed it was all done by the people around him and was ultimately found not guilty of the fraud at HealthSouth but was convicted on bribery and corruption charges. Mr. Scrushy was ordered to pay $2.9 billion in restitution in a civil suit. “From at least 1996 until 2002, HealthSouth senior management perpetrated a financial statement fraud primarily through the use of nonstandard journal entries.” (Carmichael, 2010, p. 64) “Scrushy, once a high school dropout, worked as a gas station attendant and a bricklayer before retuning (sic)...
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...Don Quixote is a middle-aged gentleman from the region of La Mancha in central Spain. Obsessed with the chivalrous ideals touted in books he has read, he decides to take up his lance and sword to defend the helpless and destroy the wicked. After a first failed adventure, he sets out on a second one with a somewhat befuddled laborer named Sancho Panza, whom he has persuaded to accompany him as his faithful squire. In return for Sancho’s services, Don Quixote promises to make Sancho the wealthy governor of an isle. On his horse, Rocinante, a barn nag well past his prime, Don Quixote rides the roads of Spain in search of glory and grand adventure. He gives up food, shelter, and comfort, all in the name of a peasant woman, Dulcinea del Toboso, whom he envisions as a princess. On his second expedition, Don Quixote becomes more of a bandit than a savior, stealing from and hurting baffled and justifiably angry citizens while acting out against what he perceives as threats to his knighthood or to the world. Don Quixote abandons a boy, leaving him in the hands of an evil farmer simply because the farmer swears an oath that he will not harm the boy. He steals a barber’s basin that he believes to be the mythic Mambrino’s helmet, and he becomes convinced of the healing powers of the Balsam of Fierbras, an elixir that makes him so ill that, by comparison, he later feels healed. Sancho stands by Don Quixote, often bearing the brunt of the punishments that arise from Don Quixote’s behavior....
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...After a near-death experience one might think “What doesn’t kill me makes me stronger.” What they should be thinking about is what got them into a near-death situation in the first place. Several years ago I had been working in Europe for more than 200 days straight. I was sick of the cold, dreary weather I was forced to endure day in and day out in the north of England. So when my friends suggested that I join them on vacation to go scuba diving in the Cayman Islands, I jumped at the chance to go. What I didn’t know at the time was that I would learn a valuable lesson - to trust my instincts and not to give into peer pressure. The first day on the island we went to one of the many dive shops that dotted the harbor along the port town of Stingray City. Although we were able to book three days of diving, we had to wait until the next day to make our first dive. We were all anxious to do something after the long plane ride. My friend Rex suggested that we go snorkeling in the coral reefs off of Seven Mile Beach. Personally, I thought that it was a bad idea. I was not a really strong swimmer, and we would be alone without a boat to pick us up if we got tired. But Rex and his brother Doug would not let go of the idea and pressured me into going, and against my better judgment I agreed to go. The turquoise blue water of the Caribbean Ocean was warm and calm. I was surprised by the gentle slope of the seabed and how far we were able to walk out before......
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...What Is Meant by "Pork Barrel Politics", and What Is Its Significance in Congress? Pork barrel politics refers to the mechanism by which Congressmen can add amendments to a Bill that directly benefits their state or district. For example, in 2008 the Gravina Island Bridge in Alaska was pushed for by Republican Senator Ted Stevens. The project cost $398 million yet only benefited around 50 people living on the island. The objective of doing such a thing would be to improve re-election prospects and show to their constituents that they can deliver things such as economic or employment opportunities in their state or district. This can be seen to be significant to Congress as it enhances incumbent advantage. Incumbent advantage is the advantage existing candidates have in elections against challengers and means that it is difficult for anyone to contest an existing congressman. Pork barrel politics will make this worse as it will increase the incumbent’s record of getting things done for their constituents such as Ben Nelson who was able to get “pork” into the Obamacare bill for his state and was re-elected in 2012. This may not be such a bad thing in of itself but it has a direct effect on Congress as it means that the same people will be elected over and over again and this can hinder change and could prevent other, potentially better, candidates from winning the seat. However, it can be argued that despite this, each incumbent still has to stand in elections and it is......
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