MiniScribe production of disks for personal computers. He stumbled into the industry is shaking, but was saved by turnaround specialist. Rotation was impressive, but it was only an illusion. After four years of reported success, the company announced that all previous financial statements were inaccurate, and the huge losses, destroyed all the action. In the ensuing investigation, it was found that a large number of workers lost apparently extreme pressure for results and has adopted a number of fraudulent schemes to increase profits. Perhaps the most bizarre scheme was to package bricks and ship them as CDs. Sixteen people were sanctioned by the U.S., SEC, and investment bankers and accountants were sued by significant losses.
This Darden study. "Hide
by Robert J. bag, Kristi Severance, Roger Johnson K Source: Darden School of Business 29 pages. Publication Date: February 24, 1998. Prod. #: UV0381-PDF-ENG
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