Scandals
This energy company was once considered one of America's most innovative corporations. Executives hid billions of dollars in debt and losses. When the scheme collapsed, the company filed for bankruptcy, thousands of employees lost their jobs, and the scandal contributed to major changes in U.S. corporate accounting regulation.
What is Enron?
An accountant is asked to audit a company in which her spouse owns a significant financial stake. Even if she intends to remain completely impartial, her personal connection creates this ethical problem.
What is a conflict of interest?
Following major scandals involving companies such as Enron and WorldCom, Congress passed this law in 2002. Among other things, it strengthened requirements for corporate financial reporting, internal controls, and executive responsibility for financial statements.
What is the Sarbanes-Oxley Act?
This film follows a stockbroker whose firm makes enormous amounts of money through aggressive sales tactics, securities fraud, market manipulation, and other misconduct.
What is The Wolf of Wall Street?
Students rub his outstretched foot or give high-fives for good luck on exams.
An automaker advertised its diesel vehicles as environmentally friendly. Regulators later discovered that software in millions of vehicles could detect when they were undergoing emissions testing and temporarily change the vehicles' behavior to meet regulatory standards, while real-world emissions were much higher.
What is Dieselgate? (or the Volkswagen Emissions Scandal)
An employee discovers that her employer has been falsifying safety records. She reports the misconduct to authorities despite knowing that doing so could jeopardize her career.
What is whistleblowing?
This 1890 federal law was one of the first major U.S. attempts to restrict monopolistic practices and agreements that restrained competition. It became the foundation for much of modern U.S. antitrust law.
What is the Sherman Antitrust Act?
This film explores the business practices behind the expansion of McDonald's, including questions about contracts, intellectual property, business relationships, and who deserves credit for creating a successful enterprise.
What is The Founder?
These are the official colors of the University of Nebraska-Lincoln Huskers.
What are Scarlet and Cream?
This sports organization became embroiled in allegations of widespread bribery and corruption involving officials, executives, and the awarding of major sporting events. In 2015, authorities arrested several officials.
What is the FIFA corruption scandal?
A person entrusted with managing someone else's money is expected to act in that person's best interests rather than using the position to benefit themselves.
What is fiduciary duty?
A subcompact car became infamous after evidence and allegations concerning fuel-tank safety, cost-benefit calculations, and corporate decision-making. A California jury ultimately awarded substantial damages to a severely injured plaintiff.
What is Grimshaw v. Ford Motor Co.?
Several investors realize that the U.S. housing market and mortgage-backed securities system are far more fragile than most financial institutions acknowledge. They bet against the market while questioning why regulators and financial professionals failed to act.
What is The Big Short?
Before Nebraska joined the Big Ten, this school was its traditional football rival in one of college football's longest-running rivalries.
What is the University of Oklahoma?
This redesigned aircraft had extensive problems with software, sensor data, and pilot training. After two crashes killed 346 people, investigators identified these problems. The aircraft was subsequently grounded worldwide for nearly two years.
What is the Boeing 737 MAX?
This crime occurs when someone who has been entrusted with money or property legally takes or misuses it for their own benefit. Unlike theft, the person initially had lawful possession of what they took.
The Justice Department accused this technology giant of using its dominance in one market to suppress competition in another. The case became a major example of modern antitrust enforcement.
What is United States v. Microsoft?
$500: This real-world scandal inspired The Dropout, a television miniseries portraying a young entrepreneur whose company promised to revolutionize blood testing before investigations revealed serious problems with its technology and claims.
What is the Theranos Scandal?
How many people attended volleyball day?
What is 92,003 people?
This disaster led to extensive litigation, regulatory changes, and a major debate over corporate responsibility for environmental and worker safety.
What is Deepwater Horizon?
An individual behaves more recklessly because they know someone else will bear much of the cost if something goes wrong. Insurance can create this problem when a person takes fewer precautions because they know losses will be covered.
What is moral hazard?
A woman drank from a bottle of ginger beer and discovered a decomposed snail inside. Her lawsuit helped establish the modern principle that manufacturers can owe a duty of care to consumers.
What is Donoghue v. Stevenson?
A lawyer begins investigating mysterious illnesses and environmental contamination in a West Virginia community. His investigation eventually leads to allegations involving a chemical used by a major manufacturer.
What are Dark Waters, DuPont, and PFOA (C8)?
This is the name of the fountain in front of the student union
What is the Broyhill Fountain?