Kidder, Peabody & Co.: Creating Elusive Profits, Chinese Version Harvard Case Solution & Analysis

Kidder, Peabody & Co.: Creating Elusive Profits, Chinese Version Case Solution

On April 17, 1994, Kidder, Peabody & Co. announced a $350 million charge against earnings resulting from the discovery of fictitious trading gains. That same day, the conclusion of the employment with the firm of Joseph Jett was made public. This case describes the trading strategy that resulted in the development of fictitious gains by exemplifying the mechanics of bond bookkeeping. Failures of internal control are discussed. The case finishes by asking who was to blame.

This is just an excerpt. This case is about FINANCE & ACCOUNTING

PUBLICATION DATE: December 02, 1996

Related Case Solutions & Analyses:

Southeast Financial Center India’s Passion for Gold: Velvetcase Apogee Health Care Show Me the Money (A) Barrington High School The Financial Globalization of Lenovo Town of Levinton WIC Program Sarvajal: Water for All Hamilton’s Electronics Services, Inc.