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business scandles corp america
Essay specific features
Written by:
Kenneth P
Date added:
September 3, 2013
Level:
University
Grade:
A
No of pages / words:
4 / 911
Was viewed:
1008 times
Rating of current essay:
Essay content:
Corruption reaching throughout corporate America all the way to the White House's leading economic advisers. These are some of the top business stories as the new millennium dawned.
These incidents helped rewrite the history of United States business. A decade of unparalleled prosperity came to an end in the spring of 2000 although confidence in the stock market itself began to unravel in late 2001 and early 2002, when the largest accounting frauds in U...
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history were uncovered. Several major companies filed for bankruptcy after admitting that their financial statements had concealed losses and the scandals sent stocks into steeper declines, extending a bear market that had begun in 2000. The Enron Corporation, an energy trading firm that had become the country's sixth largest company, was the first to admit that it had issued fraudulent financial statements going back over a five-year period...
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