Business Case Studies,Corporate Governance & Business Ethics Case Study, Flour Corp's Business Ethics Practices: Creating Six Sigma Standards in Staying Corruption-Free

Code : GOV0043

Year : 2006

Industry :Internet and e-commerce

Region : Japan

Teaching Note: Not Available

Structured Assignment : Not Available

Abstract:
In sharp contrast to the genteel, dark-suit wearing Japanese business elite, Takafumi Horie (Horie), the CEO of Livedoor, was flamboyant and informal. Horie symbolized the new generation of Japanese entrepreneurs who dared to challenge the status quo in the conservative business community. His rapid rise to fame largely, because of his acquisition spree, had shocked many. Greater was the reaction when he was arrested on charges of falsifying financial statements of the company.