Biz Scandal 2 Flashcards
1
Q
Melamine infant milk
China
A
Fonterra vs sanlu Olympics Protein level lowered to discourage Kidney stones Incarcerate activists New zealand prime minister
2
Q
Olympus japan
A
Cover up losses Shell companies Kpmg did not agree Pwc whistleblowed Michael woodford Golf club mentality Low presence of directors Minimal accountability to shareholders Secrecy and obedience over corporate governance
3
Q
Volkswagon, us
A
Defeat devices Consumers trust and confidence Martin winterkorn Internal inquiry Clean air act Improve biz structure Longterm goal Values and vision Cultural change
4
Q
Lehman brothers
A
Mortgage backed securities Largest corporate collapse Manipulation of accounting records Lack of government regulations Dodd frank act Repo 105 excess borrowing
