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    Richard Scrushy, CEO of HealthSouth, organized a $1.4 billion fraud scheme from 1996-2003 by creating fake transactions and accounts to inflate the company's earnings. He was eventually convicted in 2006. Dennis Kozlowski, CEO of Tyco, and Mark Swartz, CFO of Tyco, were found guilty in 2005 of stealing $600 million from the company. After a racial incident at a Starbucks, CEO Kevin Johnson took responsibility and said Starbucks' practices led to a bad outcome, and they would work to create a safe and welcoming environment for all customers. In response to fake news influencing the 2016 election, Facebook CEO Mark Zuckerberg initially downplayed the issue but later took steps to

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    Richard Scrushy, CEO of HealthSouth, organized a $1.4 billion fraud scheme from 1996-2003 by creating fake transactions and accounts to inflate the company's earnings. He was eventually convicted in 2006. Dennis Kozlowski, CEO of Tyco, and Mark Swartz, CFO of Tyco, were found guilty in 2005 of stealing $600 million from the company. After a racial incident at a Starbucks, CEO Kevin Johnson took responsibility and said Starbucks' practices led to a bad outcome, and they would work to create a safe and welcoming environment for all customers. In response to fake news influencing the 2016 election, Facebook CEO Mark Zuckerberg initially downplayed the issue but later took steps to

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    82 views6 pages

    Ethnics Project Tyson Munro Grade 10

    Uploaded by

    api-475712311
    Richard Scrushy, CEO of HealthSouth, organized a $1.4 billion fraud scheme from 1996-2003 by creating fake transactions and accounts to inflate the company's earnings. He was eventually convicted in 2006. Dennis Kozlowski, CEO of Tyco, and Mark Swartz, CFO of Tyco, were found guilty in 2005 of stealing $600 million from the company. After a racial incident at a Starbucks, CEO Kevin Johnson took responsibility and said Starbucks' practices led to a bad outcome, and they would work to create a safe and welcoming environment for all customers. In response to fake news influencing the 2016 election, Facebook CEO Mark Zuckerberg initially downplayed the issue but later took steps to

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    © All Rights Reserved
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    of 6

    BAD ETHNICS

    HealthSouth

    Richard Scrushy, the CEO, organized and directed this financial


    hoax. This scandal involved coming up with fictitious transactions
    and accounts to boost the company’s earnings. The fraud
    embezzled $1.4 billion which was reported as the company’s
    earnings from 1996 to 2003. He had almost gotten away with it,
    but the prosecutors wouldn’t let up and he was eventually
    convicted in 2006.

    https://www.youtube.com/watch?v=3ylcXwYdF-U
    Tyco Ltd.

    Tyco International is a diversified manufacturing conglomerate


    that deals with electronic components, health care, fire safety,
    security, and fluid control with headquarters in New Jersey. Its
    CEO, Dennis Kozlowski, and CFO, Mark H. Swartz, were found
    guilty of stealing $600 million from the company in 2005.

    https://www.youtube.com/watch?v=SuEVahRZ1BY
    GOOD ETHNIC'S
    Starbucks
    A year after Kevin Johnson was appointed CEO, he
    was put to a true leader ship test. At one Starbucks
    franchise two black business men were arrested for
    refusing to leave because they were waiting for an
    associate, they had done nothing illegal or wrong
    but yet the manager called the police to have them
    arrested, the arrest was caught on video and wen
    viral. After the video went up Kevin Johnson said,
    “The video shot by customers is very hard to watch
    and the actions in it are not representative of our
    Starbucks Mission and Values. Creating an
    environment that is both safe and welcoming for
    everyone is paramount for every store. Regretfully,
    our practices and training led to a bad outcome—
    the basis for the call to the Philadelphia police
    department was wrong.”
    Facebook

    The 2016 election season generated many headlines, some of which are notable for being
    blatantly false. Fake news ranged from, “the Pope endorsed Donald Trump” all the way to
    “Hilary Clinton is running a child sex ring out of a pizza shop.” After this people started
    believing that fake news could have altered the results of the election, CEO of Facebook
    Mark Zuckerberg downplayed the problem but when he realized this was becoming an issue
    he started locking down on it. Facebook is taking the problem seriously, albeit with a great
    deal of caution. They have introduced efforts to help users spot fake news and inject
    indicators of trust (disputed tags) into their posts in partnership with a few institutions. They
    have also banned fake news sites from advertising on the network.

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