Financial Fraud

In today’s show, adapted from an article published on the Oscar web site written by Melissa Maki, we look at business ethics and strategy through the eyes of Jared Harris, assistant professor at the University of Virginia’s Darden School of Business and his search for the answers to these questions:

“What motivates a company to cook the books? AND What happens to businesses that get caught committing financial fraud?”

Financial Fraud [ 6:11 ] Play Now | Play in Popup | Download (131)

Arthur Anderson… Enron…The Mortgage Loan Crisis, these names and events are synonymous with corporate malfeasance. They symbolize a loss of business ethics that occurred when financial profits were prioritized above all else, even to the long-term detriment of the firm. So, what motivates a company to cook the books? And what happens to businesses that get caught committing financial fraud?

For more information about the show or to see the full text, visit the Oscar Show’s blog.