Titlebook: ;

gout109

https://doi.org/10.1007/978-3-642-76425-7nt, had just announced the discovery of a $500 million accounting fraud. The auditors were refusing to sign the accounts and Ahold had had to negotiate emergency financing with its banks to avoid immediate bankruptcy.

傲慢人

確定方向

Tyco: Greed, Hubris and the $6000 Shower Curtain,success and spurred by the prospects of fabulous wealth, went on a $60 billion acquisition spree; a man who took his company into new, and risky, markets; a man who, quite blatantly, looted his company of millions of dollars.

染色體

Marconi: Establishment to Wunderkind to Basketcase,haemorrhaging cash, Marconi entered into urgent negotiations with its bankers. Shareholders looked on aghast as shares, worth ￡12.50 at their peak in September 2000, fell to almost zero. ￡35 billion of wealth had vanished into thin air.

DAFT

Swissair: Crashed and Burned,l track records, can get things wrong. It is a story of poor strategic decisions, a failure to properly assess risk and the dangers of over-reliance on external consultants. It also shows that even a renowned brand is not invulnerable.

Concerto

Royal Ahold: Shopped Till He Dropped,nt, had just announced the discovery of a $500 million accounting fraud. The auditors were refusing to sign the accounts and Ahold had had to negotiate emergency financing with its banks to avoid immediate bankruptcy.

Seminar

O. P. Hornstein,M. Hundeiker,J. Sch?nfeldThe collapse of Enron in 2001 in the (then) biggest bankruptcy the world had ever seen has had profound consequences. It led to the demise of Arthur Andersen, perhaps the most prestigious of the major accounting firms, and to the biggest shake-up of US corporate regulation since the Securities Acts of 1933 and 1934 in the shape of Sarbanes-Oxley.

Countermand

CON

Enron: Paper Profits, Cash Losses,The collapse of Enron in 2001 in the (then) biggest bankruptcy the world had ever seen has had profound consequences. It led to the demise of Arthur Andersen, perhaps the most prestigious of the major accounting firms, and to the biggest shake-up of US corporate regulation since the Securities Acts of 1933 and 1934 in the shape of Sarbanes-Oxley.

bioavailability

Conclusions,In the preceding chapters we have tried to demonstrate that the causes of corporate failure are, as we postulated at the outset, surprisingly few and common to most cases. We have also tried to separate symptoms from causes; to dispel the myth that the problem lies in accounting per se; and to highlight what really matters.