How Toshiba Lost Its Way Through Deceit and Scandalous Strategy In a controversy that led to the resignation of its CEO, Toshiba, a Japanese multinational, inflated earnings by $1.2 billion. Unscrupulous accounting techniques such as anticipating future gains, delaying the recording of losses, and delaying charges were directly responsible for the scandal. Let’s first examine …
Evergrande China’s Crisis Is Getting Worse The announcement that the world’s most indebted firm has missed a significant payments deadline has aggravated a crisis there. Chinese real estate developer Evergrande failed to make interest payments to foreign investors while having obligations above $300 billion (£228 billion). Introduction The massive and severely indebted Chinese house builder …
Masayoshi Son SoftBank’s Billionaire Founder Introduction According to Bloomberg’s Billionaires Index, Masayoshi Son, the billionaire founder and C.E.O. of the Japanese holding firm SoftBank, is worth an estimated $16.3 billion. After Tadashi Yanai, the creator of Uniqlo, he holds the second-highest net worth in Japan. Son invests millions of dollars through SoftBank and his $100 …
Cornelius Vanderbilt Journey Of Richest Man Alive Introduction Cornelius Vanderbilt, sometimes known as Commodore Vanderbilt, was an American shipping and railroad entrepreneur who amassed a fortune of more than $100 million. Cornelius Vanderbilt was maybe the greatest capitalist of all time. Cornelius borrowed $100 from his mother when he was 16 in 1810. He used …
Deceptive Marketing In Food Industry Introduction It is unimaginable to overstate the advantages of making health claims about a product or service to advertising in our culture, which is becoming more and more health concerned. However, advertising statements must be accurate and able to withstand factual scrutiny, and the content released to the public must …
How Indian Politicians Remain Wealthy Despite The Country’s Poverty Introduction All around the democratic world, the issue of money in politics has to be addressed immediately. The problem of money in politics, as well as the illegality, quid pro quos, and murky dealings that frequently come from the urgent search for campaign funding, are not …
The Sri Lankan Economic Crisis Causes and Consequences Introduction Sri Lanka is now experiencing a severe economic and political crisis that recently resulted in a default on debt obligations. There are several causes for this crisis, and the economic unrest has spawned widespread unrest and bloodshed. This diagram explains some contributing factors to Sri Lanka’s …
An Overview Of The Functioning Of The Pandora Papers Introduction The worldwide affluent and privileged, including well-known world leaders, politicians, business executives, celebrities, and billionaires, have secret and occasionally immoral or corrupt activities that are revealed in the release of approximately 12 million leaked papers known as The Pandora Papers. More significant than the previous …
TESLA VS EDISON The brilliant and eccentric scientist who was Serbian-American created the innovations that made it possible for modern power and mass communication systems. The renowned American creator of the light bulb, the phonograph, and the moving picture, Thomas Edison, was his adversary and former employer. In the 1880s, the two opposing geniuses engaged …
Vatican City Unimaginable Wealth Introduction Like every good Catholic, I’m sure you’ve had to defend the Pope, Mary’s virginity, priestly celibacy, and debunk the rubbish that emerges on TV and in tabloids, such as claims that Jesus had children and speculations about the Church’s alleged global influence. Someone always claims authoritatively that “The Vatican is …