Finance Writing project. 1 page essay with references. -- 2
Budget: $10 – $30 USD
How many corporate scandals can you remember in recent history? Bernie Madoff, Enron, and the Lehman Brothers top the list. Many corporate scandals are due to a principal agent problem, which occurs when there are divergent objectives between owners (shareholders) and management (executives). Corporate scandals often are caused because management acts to maximize its own wealth and welfare instead of the owners. In this discussion, you review a modern corporate scandal and analyze its origin and impact.
To prepare:
Choose a corporate scandal from modern history (from the last five years)
Consider the corporate scandal's origin and impact
Post by Day 2
Briefly describe the scandal you chose. Then, detail the responsibility of both owners and management roles in the scandal and whether the stakeholders' or shareholders' best interests were considered. Finally, describe how the scandal impacted the company and its industry. Be specific.
Be sure to support your post with specific references to the resources. If you are using additional articles, be sure to provide full APA-formatted citations for your references.
To prepare:
Choose a corporate scandal from modern history (from the last five years)
Consider the corporate scandal's origin and impact
Post by Day 2
Briefly describe the scandal you chose. Then, detail the responsibility of both owners and management roles in the scandal and whether the stakeholders' or shareholders' best interests were considered. Finally, describe how the scandal impacted the company and its industry. Be specific.
Be sure to support your post with specific references to the resources. If you are using additional articles, be sure to provide full APA-formatted citations for your references.