homework3 - Mitch McMichael AEM 4230 Contemporary Topics in...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Mitch McMichael AEM 4230 Contemporary Topics in Applied Finance Thursday, September 23, 2010 Homework 3 1. Corporate malfeasance can be described as the utilization of a company’s resources to commit illegal actions. A company or an individual can do this and in our case we are asked to analyze the actions of the CEO of Vivendi Universal, Jean-Marie Messier. Many of his actions were questionable in regards to the betterment of the company, although at no point in time did Messier use any company resources to illicit any illegal actions. At that time, the accounting methods used at Vivendi were somewhat convoluted as it jumped between using French accounting methods and the US method of GAAP. This raised some flags both within and outside of the company, but still there were no signs of Messier being involved in corporate malfeasance. Another problem that arose was the constant repurchasing of declining stock by Messier himself. At the end of 2001, and in the beginning of 2002, it was calculated that Vivendi had bought shares for
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

homework3 - Mitch McMichael AEM 4230 Contemporary Topics in...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online