Corporate collapse and corporate scandals are basically the two most common issues of the business industries. The inability of the businesses to pay their creditors is commonly called as insolvency or bankruptcy, and this is basically the basic example for the term corporate collapse. Corporate scandal is also called as corporate misdeed, and this is basically referring to the allegations or the actual behavior of the business companies that are unlawful and unethical. The corporate misdeed or corporate scandals can actually produce or create negative impact to the business organizations or corporations and to the business economy, as well, and some of the most common unlawful or unethical acts that they may practice include various kinds of greed, like fraud, corruption, and bribery.
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In the corporate world, there are actually a lot of corporate scandals and corporate misdeeds and we can learn this on this article. The list of the most popular corporate misdeeds and scandals include the Bernie Madoff Scandal, which involves a wall street investment firm; the waste management scandal, which involves a waste management company; the HealthSouth, which is organized by the CEO himself; the Enron scandal, which is an energy company; the Cendant scandal, which is a decade long accounting fraud; the Fannie Mae, which involves false financial statement and securities fraud; the Tyco International scandal, which involves false loans and bonuses; the Adelphia Communications Corp scandal, which involves one of the largest cable companies in the country of America; the Qwest Communications scandal, which involves an accounting fraud by manipulating the records; the Barings Bank scandal, which involves fraud and forgery; the WorldCom scandal, in which the company uses fraudulent accounting methods; the Facebook scandal, which involves the data of the users being sent to another political consulting firm; and the Volkswagen scandal, in which involves bribery affair. The ones who are involved in the waste management scandal are the top executives and the CEO of the company, and the auditors of the Arthur Andersen Company. The individuals who are involved in the waste management scandal have increase the depreciation time length for their plant on their balance sheets, along with their property and equipment. One of the most common questions of the corporate companies is “Are cpn numbers illegal?”, for CPN or credit profile number has been recognized as a form of fraud and once being used will basically make the user go to jail.