Q: On August 9, 2000, 6.5 million Firestone tires
On August 9, 2000, 6.5 million Firestone tires were recalled in the United States.1 One thousand five hundred and ninety- nine ATX, ATXII, and Wilderness AT tires installed on Ford Explorers were to b...
See AnswerQ: Telus Corp., the second-largest wireless company in Canada,
Telus Corp., the second-largest wireless company in Canada, introduced an “adult content” service to their cell phone customers in 2007. Customers were charged $3 to $4 for downloads, and the company...
See AnswerQ: Dan Price is the owner of Gravity Payments, a Seattle-
Dan Price is the owner of Gravity Payments, a Seattle-based credit card company that he founded in 2004. In 2014, the company processed more than $65 billion of credit card transactions for more than...
See AnswerQ: In 2015, Dr. William Campbell was awarded the Nobel Prize
In 2015, Dr. William Campbell was awarded the Nobel Prize in Medicine for his work in discovering ivermectins while employed with Merck & Co. in the 1970s. The drug prevents onchocerciasis, called riv...
See AnswerQ: Lululemon Athletica, Inc., was founded by Chip Wilson in 1998
Lululemon Athletica, Inc., was founded by Chip Wilson in 1998 to sell yoga-inspired athletic clothing. The company’s target market was women who wanted stylish exercise apparel. In 2012, the Vancouver...
See AnswerQ: Pierre Duhaime “retired” as CEO of SNC-Lavalin on
Pierre Duhaime “retired” as CEO of SNC-Lavalin on March 26, 2012, a post that he had held since 2009 following over 20 years of employment at the company. He did so, because of his role in approving $...
See AnswerQ: Bribery charges often involve a company making illegal payments to government officials
Bribery charges often involve a company making illegal payments to government officials in order to land lucrative con- tracts. For example, in April 2010, German auto manufacturer Daimler AG made a $...
See AnswerQ: David Bazzetta learned in July 2001 at a corporate audit executive committee
David Bazzetta learned in July 2001 at a corporate audit executive committee meeting in Stuttgart Germany that DaimlerChrysler “business units ‘continued to maintain secret bank accounts to bribe fore...
See AnswerQ: On April 14, 2010, Russian investigators raided the Moscow offices
On April 14, 2010, Russian investigators raided the Moscow offices of Hewlett Packard (HP). They did so at the request of German prosecutors who were examining whether HP had paid bribes totaling $10....
See AnswerQ: Motivated by several corporate scan- dals in which auditors failed to
Motivated by several corporate scan- dals in which auditors failed to warn of disaster, professional accounting in the United Kingdom was under investigation for failing to act in the public interest....
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