Essay about Novice Manager

Submitted By CaptDavenport1
Words: 604
Pages: 3
Open Document
The Adelphia Communications Scandal

Michael Davis

MGMT. 265 Businesses Law
December 8, 2012

The Adelphia Communications Scandal
Adelphia Communications Company experienced fraud from March 1998 to 2002 when officials excluded billions of cash in liabilities from the company’s consolidated financial statement as they hide them on the books of off-balance sheet affiliates. Earnings to meet Wall Street’s expectations were inflated, falsified operation statistics, as well as concealed blatant self-dealing by the family that founded the company. The founder of Adelphia Company and his sons, as well as the two executives presented a picture of greed, in addition to deception. Their actions created mistrust between the shareholders and the company, and violated the bylaws of the corporation. This research examines the case of financial fraud experienced by Adelphia Company.
The United States Securities and Exchange Commission observes that the Securities Exchange Commission filed charges on 24th July 2002 against the company’s founder and his sons, as well as senior executives of the company. John J. Rigas; the company founder, Michael Rigas, James Rigas, and Timothy Rigas; his three sons, and the two executives Michael Mulcahey and James Brown did violate their duty of loyalty and were charged in one of the most extensive financial fraud to ever take place. The commission at a direction of individual defendants charged Adelphia: a) exclusion of billions of dollars in liabilities from the company’s consolidated statements of finance through hiding them on off-balance sheet affiliates books b) falsification of operations statistics, as well as inflated earnings to meet the expectations of Wall Street c) the family of Rigas also concealed rampant self-dealing.
According to the United States Securities and Exchange Commission, the accused violated the antifraud, reporting in periods, keeping records, as well as internal controls provision of the federal securities laws. The commission filed charges seeking judgment to order the accused to account for dishonest gains. This included compensation that was received by the accused during the fraud. The commission also wanted the return of the property that was unlawfully take from the company by the accused. In addition, the commission wanted civil penalties from each of the defendants, as well as permanent injunction because of violating laws of the securities. NBCNEWS reported, in 2004, that the accused were convicted of the 15 charges of securities frauds held against them. They were sentenced to thirty years in prison due to the serious charge. During the scandal,
Show More

Related Documents: Essay about Novice Manager

Benner's theory and usefulness Essay

usefulness of Benner's work in your present or future role. Provide several examples. Patricia Benner formulated one of high middle range theory and was published in 1984.The model which applies the Dreyfus model outlines five stages of nursing, novice, advanced beginner, competent, proficient and expert(Benner1984). The central concepts of Benner’s model are those of competence, skill acquisition, experience, clinical knowledge and practical knowledge. (McEwen &Wills 2014).She also identifies seven…

Words 1009 - Pages 5

Essay on Combining Nursing Leadership with Advocacy

lack of strength, an inadequate quality. We all have and carry our own strengths and weaknesses of qualities. As I’ve learned in class this week, every nurse can be a leader. It was difficult to see the leader in myself until I took the Nurse Manager Skills Inventory by the American Association of Critical-Care Nurses. There are four areas I am going to discuss here about the Inventory: First is my personal and…

Words 1354 - Pages 6

Critical Thinking Nursing

must identify and understand information in order to create a plan of action. In Patricia Benner’s “Stages of Clinical Competence” (as cited in Current Nursing, 2011), a novice nurse has a thought process of, “Just tell me what I need to do and I’ll do it.” Reflecting back to being a new nurse, I remember thinking like a novice nurse. I had a hard time interpreting rationales based on my actions. I just knew I was doing what I was supposed…

Words 551 - Pages 3

Qualitative Study: Team Nursing

Ferguson & Cioffl (2011) in their qualitive research explored and described nurse managers experiences’ with a team based method to nursing care in a hospital situation. The reaserch design was a qualitive study involving 5 nurse managers. Following calls for ‘expression of interest’ in three acute care hospitals in New South Wales 4 females and one male voluntered to participate. Two of the acute hospitals were metropolitan tertiary referal and the other was a general teaching hospital. Interviews…

Words 961 - Pages 4

Socialization to Nursing Essay examples

Abstract This paper explores the process of how nurses are socialized into their profession and how my own personal socialization process has shaped my nursing career. Using Benner’s Model of socialization, I plan to explore my own personal journey from Novice to Expert reflecting the changes in my career that were supported by his five stages or levels of proficiency. Each level produced its own challenges within each new role or level that was obtained. My own feelings about the socialization process…

Words 1952 - Pages 8

Advanced Practice Nurse Professional Development Plan

core competencies. However, this author, according to Benner’s Self-Assessment Novice to Expert Model (2001) falls into the novice stage in this field, due to, lack of previous experience. The transition from registered nurse (RN) to nurse practitioner (NP) is a significant career role transition. During this time, there is a shift from an experienced, often expert status in the RN role to an inexperienced, novice status in the NP role (Barnes,…

Words 1115 - Pages 5

ITS218 Chapter8 GroupWork CaseNumber1 Essay

system. Allows you to save your scan results to your computer as log files. Log files allow you to compare and analyze the results across multiple scans. This program scans very quickly. The program is not designed for novice computer users. There is very little guidance built in for novice users in handling the identification and removal of potential threats. A good tool designed for experienced users who need to eliminate malware deep in their system. SpywareBlaster A simple program that provides protection…

Words 880 - Pages 4

Importance Of Management Functions

are planning, organising, leading and controlling. These functions work hand in hand as managers try to use limited resources in a changing environment in order for them to achieve organisational goals. Planning Planning is the major function of management where managers formulate the future course of action. This is where the organisations mission, objectives and strategies of the organisation are formed. Managers plan on how they are going to achieve their goals and they formulate budgets and policies…

Words 904 - Pages 4

Critical Care Nurses

American Association of Critical-Care Nurses (AACN) American Association of Critical-Care Nurses (AACN) was founded in 1969 originally named American Association of Cardiovascular Nurses to help better educate novice nurses working in ICUs. In 1971, AACN changed their name to what they are known as today to incorporate all aspects of critical care for every level of nursing. AACN strives to strengthen the nursing community by providing many resources for nurses and bringing the nursing community…

Words 1076 - Pages 5

Research and Social Media Essay

isn’t for theory  Search for ways to change (which can involve new knowledge) Why research?  To complete MRP satisfactorily  Practical skills for managers Design research to evaluate, answer questions  Interpret research-based recommendations  Essential skills for consultants  Provides a foundation for action—reduces risk & saves costs  Managers (and many other leaders) tend to be intuitive  Methodology and Methods Methods strategies for gathering and analysing information, data e.g.,…

Words 1296 - Pages 6