Chapter 1 Discussion 1
"An Overview of Financial Management" Please respond to the following:
* From the e-Activity, examine ethical behavior within firms in relation to financial management. Provide two (2) examples of companies that have been guilty of ethics-based malfeasance related to financial management and determine why their comeuppance was deserved.
* From the scenario, recommend two (2) actions that Trevose Fitness Center (TFC) could take in order to raise capital that will, in turn, enable it to reach its expansion goals. Defend your response. Support your recommendation with two (2) real-world examples of successful implementations of these actions.
From the e-Activity, I examined ethical behavior with firms in relation to financial management. I provided two (2) examples of companies that have been guilty of ethics-based malfeasance related to financial management and I determined why the comeuppance was deserved. The two examples I am providing are Legal Image and Horace Miller Holding Company. Horace Miller Holding Company received funding from the state to fund programs that they proclaim that they were providing to the general public. However, the money was received and distributed to their friends. They set up fake organizations to distribute the funds. This company was guilty of ethics malfeasance relating to financial management. Horace Miller had to testify to prevent from going to prison. He had to tell on the mayor and all the people who participated in the fraud.
The mayor “Larry Langford” was sentenced to prison. He will die in their before gets out. He has over 166 counts of felony and fraud charges. Today, they are trying to get the president to release him. Legal Image was guilty of ethics-based malfeasance related to financial management. Legal Image should have responded differently once the breach was discovered. Instead, they kept operating and tried to ignore the problem. Legal Image, Inc. lost their contract...