Golden Arches wants their Money Back

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According to the Washington Post, McDonald’s,the fast-food giant claims Steve Easterbrook, whose severance package is said to be worth $42 million, destroyed a paper trail of his “inappropriate personal behavior.” Questions: What did Mr. Easterbrook cover up? Why did the company reopen the firing case back up in July? How did the company find out… Read more »

The $3 idea goes away

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The San Francisco-based company that sold most private-label essentials without branding is closing. Questions: Why did they decide to close? Based on the article, how many people were employed at Brandless? How much did SoftBank invest in this company’s concept? When did Brandless start selling its products in major retailers’ physical stores instead of online-only?… Read more »

Bernie Ebbers, the Telecom myth

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According to the New York Times, the former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died yesterday, just over a month after his early release from prison. Questions: What happened to World Com in 2002? How long was Ebbers sentence and what were the allegations against him?… Read more »

A four-day work week at fast-food and other restaurants

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According to BusinessInsider.com, Shake Shack has rolled out a four-day workweek for managers at a third of its locations. Questions: What other chain restaurant CEOs interviewed in the article see labor as its biggest challenge? What other benefits are being tested by some chains to retain and attract good employees? Discuss. What is the domino effect… Read more »

Ghosn Update

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According to the New York Times, Carlos Ghosn, former automobile CEO who proclaims his innocence, was aided in his escape from Japan by an American security consultant on a Turkish chartered jet. Questions: Who was the American security consultant? How did MNG Jet, the charter company, allow Ghosn on the plane? After Ghosn got to… Read more »

Stay Tuned: Carlos Ghosn – On the Lamb?

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At the time of this writing, Carlos Ghosn has unexpectedly left Japan. Questions: What charges is Carlos Ghosn facing? In exchange for Mr. Ghosn’s release from prison on bail, earlier this year, what were the terms? In which country are anonymous sources reporting that Mr. Ghosn is staying? Source: Flitter, E. (2019). Carlos Ghosn, Fallen… Read more »

Bernie Ebbers Gets Out Early

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According to Accounting Today, Bernie Ebbers, infamous for the World Com fraud was granted early release for health reasons. Questions: What is the First Step Act and why did the author think that this had a bearing on the case? How long had Bernie Ebbers served? When MCI went bankrupt as a function of the… Read more »

The Last Act

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After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for  allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »

A Deep Freeze for GE Pensions

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According to the WSJ, General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. Questions: Who is the CEO? The video said the CEO has been aggressive. What has he… Read more »

Are you Kidding?

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According to Business Insider, Tesla owners will soon be able to customize their next generation of Tesla cars to emit the sound of a goat bleating, or a fart noise in place of a horn.  Questions: How did Elon Musk announce this new customization? What other sounds did he mention? Do you think he was… Read more »