The Failing CFOs and Corporate Scandals



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Code : GOV0007

Year :
2004

Industry : Business Law, Governance and Ethics

Region : USA

Teaching Note:Not Available

Structured Assignment :Not Available

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Abstract: Chief Financial Officers (CFOs), who were once considered harbingers of corporate fortunes, are now derided as originators of corporate indecencies. The CEO and CFO nexus was likened to the nexus between a politician and a criminal.

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Pedagogical Objectives:

  • To discuss the larger role of CFOs in the corporate scandals
  • To discuss the possible ways of saving the corporations and employees from the repetition of corporate scandals of the magnitude of the year 2001.

    Keywords : Corporate Governance Case Study, Chief financial officer, chief executive officer, Corporate scandals, corporate governance, Scott Sullivan, Jeffrey Skilling, Andrew Fastow, Enron scandal, MCI WorldCom collapse, Abu Ghraib, Securities and Exchange Commission, Whistle blowers, Bernard Ebbers, Chapter 11 filing, Accounting fraud, Rigas family, Adelphia, Generally accepted accounting principles, Financial Accounting Standards Board

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