Essays on Tyco

BUSINESS: UNETHICAL BUSINESS PRACTICES

L. Dennis Kozlowski, CEO of Tyco International Scandal A fish rots from the top down. This phrase sums up the scandal of Tyco International when its CEO, Dennis Kozlowski, was found guilty on many fraudulent accounts. His actions were in direct violation of the accounting ethics. Kozlowski was arrested along with many of his company officials as partners in crime. When the CEO of a company is involved in violating code of ethics and professionalism, the employees and subordinates find it convenient to follow suit. Former chief executive and chairman of Tyco International, Dennis Kozlowski and firm’s CFO ...

Business

Zara is the flagship brand of textile empire Inditex. The company wants to improve the management of its stores and increase the speed of their garments replacement by installing an identification chip on clothing, an initiative that has already tried other competitors. The chips of Radio Frequency Identification (RFID) have more than ten years in the market, but several retail chains in the past as Wal-Mart or JC Penney, they discovered both that the advantages and disadvantages of the RFID (BJORK). In the case of JC Penney, the company found that the new chip caused interference with existing anti-theft ...

Summary of 2016’s Top 10 Deals Terms

There is a list of companies who have made deals to join businesses in the year 2016. First, Shire Plc is to merge with Baxalta in which Baxalta shareholders are to be given & 47.50 for every share. This means that each member of the company will be allocated $ 18.00 in cash in addition to 0.1482 Shire ADS for every share from Baxalta which amounts to a total price of $ 32.00 billion. Secondly, Microsoft has entered into a contract with LinkedIn in which it Microsoft is to buy all its shares at price of $ 196 in any business deal all ...

The 1920s was known as the Roaring Twenties in the American history because of changes in the social norms, and the country experienced a strong economic boom (Kennedy: 2). During the time of widespread economic gain, the application of fair value in accounting and lack of regulation in security markets left the investors at great risk. That is the reported figures of stock prices had no information justifying their values. Similarly, financial institutions such as banks were lending recklessly with no guarantees to their clients. Consequently, the gap between the rich and the poor in America increased steadily (pbs.org). ...

Virtual money of $100,000 was invested in diversified stocks during the stock trading simulation. The portfolio consisted of stocks from twelve companies all belonging to different industries. An overall profit of 0.41% was achieved in one month through the virtual simulation exercise. Stocks of all the companies are either listed on the New York Stock Exchange or the NASDAQ. One hundred shares of General Electric Company were purchased on 4th April when the stock price was $31.69. These shares were sold on 7th April when the stock price decreased to $30.64. The stock of General Electric was sold ...

Green buildings are a type of buildings whose design is optimized to reduce resource consumption during building, operation, and demolition. The main purpose of green buildings is to promote environmental conservation by reducing their carbon footprint. The design of green buildings is anchored on the principle of reduce recycle reuse. For example, the design is aimed at reducing water and electrical power consumption. Also, green buildings are equipped with provisions for recycling water and reusing it elsewhere. In addition, green buildings are sometimes constructed by reusing construction materials salvaged from demolished buildings (Colclough par.4). This paper examines the best ...

The county where I grew up is rated one of the top 40% of the dirtiest counties in the USA. This is according to the Good Guide Scorecard (2011) which keeps track of toxic pollution sites across the United States. The data for 2002 is available on the site with top polluters and the top carcinogens that were released into the environment. The five top polluting industries are listed below along with the amount in pounds of pollution emitted. (scorecard.goodguide.com)

1. Amberville Corporation, Vernon (17,180 pounds) 2. Cuno, Inc. in Stafford Springs (12,575 pounds) 3. ...

There are six main categories of corporate failure causes: poor strategic decisions, overexpansion, dominance of CEOs, greed, pride and power, failure of internal controls, and ineffective board of directors (Hamilton and Micklethwait, 2006). Business collapse can happen in cases where companies do not fully comprehend the relevant business drivers when they decide to expand to new lines of products and services, or meet the demands of additional geographic markets. These lead to poor strategic decisions because they fail to recognize the importance of risk management in their respective industries. They should be able to determine the overall impact ...

Business

Business - The article calls Kozlowski “a rogue CEO for the ages.” In this context, what does the term “rogue” mean? What did Kozlowski do to deserve this description? Dennis Kozlowski is a rogue CEO in the ages he was at Tyco. Here, the term rogue refers to a leader who shows good leadership skills and insists on excellent performance within the organization. It defines individuals focused on the achievement of organizational goals. The term rogue also describes an aggression in terms of the approach used to acquire the results intended. For a long period. Kozlowski was an exceptional CEO because ...

Abstract

Business ethics is a form professional ethics that addresses moral problems that arise in business environments. Ethics in business encompass avoiding breaking the law, avoiding actions that may result in legal suits being filed against the business and avoiding actions that may damage the image of the company. The scandals that rocked several American companies in early 2000, revealed rampant self-dealing, mismanagement, erroneous accounting procedures and other unethical business practices. In an attempt to restore investor confidence, congress initiated the Sarbanes-Oxley (SOX) Act in 2002. This paper seeks to critically analyze the business ethics issues as contained in the SOX ...

QUESTIONS

1. Stewart repeatedly denied any wrongdoing, despite the conviction and failed appeal, yet she still says she did nothing wrong. Is this the right strategy?

Stewarts’ strategy may seem a bit unorthodox but, considering many factors that were brought to the table, it can be argued that it was the best at the time. For a long time, Martha Stewart had enjoyed a big share of praise from media, home owners and business partners. She was considered the epitome of successful women. Having built her multimillion dollar empire, there was needed to protect the reputation of the same. Her insistence on not ...