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Unformatted text preview: billion of company money on themselves. 6) Did the owners of Adelphia (all of them) act appropriately to protect their own interests? What more could they have done? Yes, they filed suit against Adelphia. 7) How did the government get involved to protect the owners’ interests? Was this effective? What more might regulators have done? The SEC did an investigation of Adelphia’s financial records. They found out that Adelphia was being dishonest with corporate revenue. Regulators might have demanded that Adelphia repay and reorganize their company. 8) How might the Sarbanes-Oxley Act have helped protect the owners had it been in effect at the time of this case? This act would have regulated the power of the Board of Directors and corporate directors. It would have put Adelphia under a tighter spotlight and made them more liable and responsible to their investors....
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This document was uploaded on 11/02/2011 for the course BUS 101 at Miami University.
- Spring '08