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Q: Headlines of major companies' scandal problems ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Headlines of major companies' scandal problems
Category: Business and Money
Asked by: wordkraft-ga
List Price: $20.00
Posted: 09 Jul 2003 10:57 PDT
Expires: 08 Aug 2003 10:57 PDT
Question ID: 227033
I am working on a videotape for a large corporation on the subject of
ethics. At one point in the video, they want to portray some of the
big name companies that found themselves in ethical dilemmas. We want
to do that by presenting scandal-related headlines about several of
the companies.
What I need is the exact text of the headline, plus the publication
name and date of publication. For example: "Enron Accounting
Irregularities Uncovered," Dallas Star, June 1, 2002.
Recognizable publications are preferred (e.g. The LA Times is better
than the Cleveland Free Press). Wall Street Journal, New York Times,
Washington Post would all be good candidates, as well as any major
weeklies (e.g. US News, Time, Newsweek).
I need at least four companies represented (possibly including
WorldComm, Enron, Adelphia, ImClone, etc.) and a total of at least 15
headlines.
I only need the text of the headline, but if you can provide the link
to the article (and it's a free link) that would also be nice to have.
Answer  
Subject: Re: Headlines of major companies' scandal problems
Answered By: digsalot-ga on 09 Jul 2003 15:24 PDT
Rated:5 out of 5 stars
 
Hello there

"Examiner to Probe Enron Subsidiary - LA Times - "Thompson & Knight
Partners David Bennett and Rhett Campbell are quoted in a Los Angeles
Times story entitled "Examiner to Probe Enron Subsidiary," by Walter
Hamilton on February 22, 2002"
http://www.tklaw.com/website.nsf/webnewx/FEBC157E6A88F22B86256C2F005128D2
- partial text of story included.

"Enron - Judge Freezes Enron Unit's Cash Transfers" - Houston
Chronicle - by Eric Berger, on February 25, 2002.
http://www.tklaw.com/website.nsf/webnewx/62116858E90B0D9E86256C2F00518463
- partial text of story included

"Cash Flows at Enron Unit to be Examined" - Financial Post - by Dane
Hamilton on February 22, 2002.
http://www.tklaw.com/website.nsf/webnewx/7955BC9B80CFE6DB86256C2F00509172
- partial text of story included.

"Is There Anything Enron Didn't Do?" - Fortune Magazine - Tuesday,
April 16, 2002 By Peter Elkind and Bethany McLean - "As the Enron
debacle has unfolded, it's become clear that the energy company
operated in many ways like an investment bank. Now it turns out that
Enron was an investment bank."
There is only a summary of the article.  You need to subscribe to get
the full text. - http://www.fortune.com/fortune/investing/articles/0,15114,372971,00.html

"Principal cites debt of Enron in 2nd suit" - Des Moines Register -
07/08/2003 - Full article attached -
http://www.dmregister.com/news/stories/c4788993/21690506.html

"Enron executives face false-earnings charges" - North County
Times/Associated Press - March 13,03 - story attached -
http://www.nctimes.net/news/2003/20030313/54302.html

"How Enron Alienated Just About Everyone" - Business Week - January
16, 2002 - By Dan Carney - full article attached -
http://www.businessweek.com/bwdaily/dnflash/jan2002/nf20020116_9646.htm

"Enron loan called 'phony' scheme to duck Canadian taxes" - Toronto
Globe and Mail - By Barrie McKenna - Thursday, December 12, 2002
http://tinyurl.com/ggo2

"No Excuses for Enron's Board" - Business Week - July 29, 2002 - By
John A. Byrne - http://www.businessweek.com/magazine/content/02_30/b3793720.htm
- story attached - I don't know if this will qualify as a headline or
not as it is an editorial article.  But it is a good one.
"http://www.businessweek.com/magazine/content/02_30/b3793720.htm 

"Joe Berardino's Fall from Grace" - Business Week - August 12, 2002 -
Was the issue cover story - "Andersen's former CEO presided over the
biggest accounting scandals ever and the demise of a legendary firm.
Here's what happened" -
text attached - http://www.businessweek.com/magazine/content/02_32/b3795001.htm

"Coke execs are just the latest in a long, greedy line" - North County
Times/Associated Press - March 9, 03 - story attached -
http://www.nctimes.net/news/2003/20030309/61525.html

"Scandal brews at Coke over ex-employee's allegations" - Toronto Globe
and Mail - June 19, 2003 - story attached about rigged product testing
- http://tinyurl.com/ggyt

"Judge: Bigger fine would hurt Worldcom" - Seattle
Post-Intelligencer/AP - Tuesday, July 8, 2003 (I don't know how long
they keep their current pages up, you may want to copy this right
away) - story attached - http://tinyurl.com/ggrl

"WorldCom scandal's effect on golf tourney unclear" - Savanna Morning
News - Thursday, June 27, 2002 - May seem like a strange story for
corporate scandal but the tie in is very strong. - story attached -
http://www.savannahnow.com/stories/062702/SPTguideracolumn.shtml

"Federal judge approves $750 million WorldCom penalty, says more would
have hurt employees" - The Boston Globe/AP - 7/7/2003 - "A federal
judge agreed Monday to a settlement fining WorldCom $750 million for
its $11 billion accounting scandal, saying tougher measures might harm
the giant telecommunications company's 50,000 employees and quash
hopes for investors." - article attached - a current story, I don't
know how long they keep the page up before moving it to archives -
http://tinyurl.com/gh9k

"Corporate America hit by Biggest Scandal in History" - Times of
London - June 26, 2002 - "CORPORATE America suffered its biggest
scandal to date last night when it was claimed that WorldCom, a
telecommunications company founded by a devout Mississippi Christian,
had lied about making about $3.85 billion (£2.6 billion) of profits
over 15 months." - story attached -
http://www.commondreams.org/headlines02/0626-01.htm - website of
Common Dreams News Center

"Nationally, it seemed like one long scandal" - North County
Times/Associated Press - December 29, 02 - article about Worldcom
attached - http://www.nctimes.com/news/2002/20021229/50925.html

"Is Global Crossing Double-Crossing Investors?" - Business Week -
February 12, 2002 - "It sounds like Enron all over again. Global
Crossing Holdings, the onetime high-flying telecommunications company
now in bankruptcy, has a whistleblower who alleges accounting
improprieties. Shareholder suits claim that executives made tens of
millions of dollars in profits from stock sales while the alleged
hanky-panky went on. Employees were locked out of selling their shares
for a four-week period," - story attached -
http://www.businessweek.com/bwdaily/dnflash/feb2002/nf20020212_6037.htm

"Accounting Worried Global Crossing Exec" - LA Times - January 30,
2002 - "A finance executive at ailing Global Crossing Ltd. warned the
firm's top attorney in August that the company's financial condition
was being enhanced with misleading accounting techniques, according to
a letter obtained by the Los Angeles Times." - full story attached -
http://www.latimes.com/business/la-013002global.story

"Global Crossing's $25 million pledge: Official's PR move or real
compassion?" - The Holland Sentinal/AP - October 6, 2002 - story
attached - "NEW YORK -- It's hard to decide whether to cheer or jeer
Global Crossing chairman Gary Winnick's offer to give $25 million of
his own money to employees who lost it all when his company went
bankrupt." - http://www.hollandsentinel.com/stories/100602/bus_100602072.shtml

"Ex-ImClone CEO sentenced to seven years in prison" - News Sun/AP -
06/11/03 - story attached - http://tinyurl.com/ghaf - This is a cached
page you may want to copy it.

"Exhibit A: Martha Stewart served on a silver platter" - Toronto Globe
and Mail - June 5, 2003 - Story about Martha stewart and the ImClone
scandal - story attached -
http://www.globeandmail.com/servlet/story/LAC.20030605.RMIKE_7/TPStory

I hope the above is of help.

Search - google

Terms - corporate scandal, imclone, global crossing, coca cola, enron,
joe barendino

If I may clarify anything before you rate the answer, please ask.

Cheers
digsalot

Clarification of Answer by digsalot-ga on 09 Jul 2003 18:39 PDT
Hello again - here are some additional headlines:

"Dennis The Menace" - Time Magazine - Jun. 17, 2002  - "Dennis
Kozlowski built Tyco into a global conglomerate by buying everything
in sight. Now he's the latest CEO to resign in disgrace" - abstract of
article available.  Need subscription to access full piece. -
http://www.time.com/time/archive/preview/from_search/0,10987,1101020617-260699,00.html

"ImClone's Busy Traders" - Time Magazine - Jul. 14, 2002 - "Documents
obtained by Time show dumping of ImClone stocks by its executives that
dwarfed Stewart's $228,000 sale. And their trading preceded Stewart's
by weeks, starting just after Food and Drug Administration (FDA)
officials met privately with an ImClone vice president last Dec. 4 and
informally signaled there could be licensing problems for the
company's cancer drug Erbitux." - abstract of article available.  Need
subscription to access full piece -
http://www.time.com/time/nation/article/0,8599,320733,00.html

"Martha's Untidy Story" - Time Magazine - Aug. 19, 2002 -
"Congressional probers looking into insider trading say Stewart and
her attorneys have misled them ." - abstract of article available. -
http://www.time.com/time/archive/preview/from_related/0,10987,1101020819-336002,00.html

"Called to Account" - Time Magazine - Jun. 24, 2002  - "Guilty of
obstruction, Arthur Andersen becomes the first courtroom casualty of
the Enron collapse" - abstract available -
http://www.time.com/time/archive/preview/from_search/0,10987,1101020624-263006,00.html

"California Scheming" - Time Magazine - May. 20, 2002  - "Internal
documents describe the amazing, code-named ways that Enron rigged the
state's energy prices" - abstract available -
http://www.time.com/time/archive/preview/from_search/0,10987,1101020520-237028,00.html

Now for a little extra - This is the archive search from Newsweek
Magazine.  While you won't find the full story, you will find 200
abstracts, the associated headline and the date as well as the author.
 The headlines cover most of the same companies mentioned above. -
http://tinyurl.com/ghtm - Some of the headlines include such things
as:

"Every Man For Himself " -  February 18, 2002  -  "Incredulity is a
polite word to describe the reaction to former Enron CEO Jeff
Skilling, who swore last week at a congressional hearing that his
company's bookkeeping trickery had caught him by surprise. Rep. Ed
Markey of Massachusetts got a laugh when he compared Skilling to
Sergeant Schultz of "Hogan's Heroes" ("I hear noth-ing, I see
noth-ing"). As it turns out, even Skilling's mother was skeptical.
"When you are the CEO and you are on the board of..."

"Enron's Dirty Laundry" -  March 11, 2002 -  "The U.S. Senators seemed
a little taken aback by the gall of the star witness. Hauled before a
congressional committee last week, former Enron CEO Jeffrey Skilling
not only declined to take the Fifth, he seemed unrepentant, unbowed,
at times defiant."

"Foul Trouble for Andersen" -  March 25, 2002  -  "It's March, time to
entertain questions about the Final Four. No, we're not talking about
college basketball. We're talking about accounting firms. After all,
last week's stunning criminal indictment of Big Five accounting firm
Arthur Andersen for its role in the Enron scandal may well be the
death blow for the proud old partnership."

Plus a lot more at this Newsweek site.

digs

Request for Answer Clarification by wordkraft-ga on 10 Jul 2003 05:50 PDT
The client has asked for at least one Adelphia headline. Think you could find one? 

Thanks.

Clarification of Answer by digsalot-ga on 10 Jul 2003 08:39 PDT
Hi there

"Adelphia: Another in Rigas family resigns" - North County
Times/Associated Press - May/17/02 - "Adelphia Communications Corp.
said Thursday that Chief Financial Officer Timothy J. Rigas had
resigned, a day after his father, John Rigas, stepped aside as
chairman under increasing scrutiny of dealings between the company and
Rigas family-controlled partnerships. " - story attached -
http://www.nctimes.net/news/2002/20020517/45609.html

"Prosecutors call Adelphia scandal among 'most elaborate' in U.S.
history" - Jefferson City News Tribune/Associated Press - September
24, 2002 - "NEW YORK (AP) -- Prosecutors described it as "one of the
most elaborate and extensive corporate frauds" in U.S. history:
Executives allegedly looting corporate accounts, building a golf
course with company money and flying in corporate jets for personal
business." - complete text attached -
http://newstribune.com/stories/092402/bus_0924020906.asp

"Members Of Rigas Family Indicted" - Washington Post - September 24,
2002 - "Three members of the Rigas family, which controlled Adelphia
Communications Corp. for 50 years, were indicted yesterday on charges
of conspiring to defraud investors out of more than $250 million and
failing to disclose $2.3 billion in loans to the family." - full story
attached
http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A57468-2002Sep23&notFound=true

If I may do anything more, just ask.

digs
wordkraft-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00
More than I expected!

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