Organisational culture and the scandal Essay Example | Topics and Well Written Essays - 3000 words

Organisational culture and the scandal - Essay Example This was the second write-down due to EDS. HP also revised its restructuring plans and changed the estimates based on the fourth quarter revenues and asserted that the company would be experiencing lower revenues from the software segment due to alleged fraud by Autonomy. HP recorded an estimated $ 8.8 billion write-down in the acquisition. According to the author, the company had made a poor hiring decision after another since it failed to stand behind CEO Mark Hurd who was keen on corporate governance (Saintvilus 2). HP business performance after the exit of Hurd began to fall, and no one could have predicted what his departure would hold for the future of HP. Hurd who is currently a president at a rival company (Oracle) was ousted from the management of HP due to allegations of sexual harassment that were attributed to Jodie Fisher who was an outside contractor. But surprisingly, Jodie Fisher who has appeared in many movies like ‘sheer passion† interestingly expressed sympathy for Hurd’s firing accusing HP of quick and sudden decision. Fisher’s attorney also claimed that the two had no sexual relationship, but the board went ahead to fire Hurd. The board failed in due diligence in the internal investigations since the board rushed the decision without attributing any evidence of managerial misconduct to Hurd (Svensson 3). Hurd had actually steered HP stock performance from $ 21 to $ 42 due to strong strategic leadership, but the share began to fall soon after Hurd’s departure. The share plummeted to a 10-year low of $ 11.35, but the board has been adamant in acknowledging that it made a wrong decision. After Hurd moved to Oracle, HP feared for its survival in the market and started legal wars citing non-compete agreements with Hurd thus leading to more business rivalry that included Oracle’s termination of porting software than runs on HP’s servers that uses Intel’s Itanium chips. The HP segment eroded $ 275 million in revenues. The above HP situation relates to lack of due diligence, corporate ethics and poor corporate culture since the Board has consistently failed in its decisions. Before HP finalized the acquisition, Jim Chanos, a short seller also issued detailed reports highlighting loopholes in Autonomy’s disclosures and financial records. Of particular note is that the entire management did not support the deal since the Chief financial officer who oversaw the acquisition was against the deal. Cathy Lesjak, the CFO had cautioned the management that the acquisition was expensive and was not in the best interests of the company (Wall Street Journal 2012). Organisational culture and the scandal There are many corporate governance requirement and financial reporting requirements that should be followed by all corporations. This means that the board of directors must exercise due diligence when dealing with other stakeholders or when reporting the economic performance of t he company. The management of HP is tasked with safeguarding the welfare of the shareholders who provide capital for the company. The board of directors at HP did not see the need of impartial investigations before acquisition of Autonomy. According to corporate governance issues, stronger companies like HP will acquire other

Final Class Project Essay Example | Topics and Well Written Essays - 1750 words

Final Class Project - Essay Example As noted by his expert witness, the sacral bedsores and the ulcers first appeared while he was immobile in a Minerva bracer and also when he was on the ventilator. In the nursing profession, patients who face high risk for skin breakdown are to be turned every 2 to 3 hours. The turning of the patients helps in blood circulation throughout the body and eases the pressure on the surface of the skin, which is in contact with the bed. In this case, it can be argued that consistent turning didn’t happen. This is because if the actual turning took place, the patient would not have developed such sores and ulcers. The Florida nurse practice act under section [464.018(8) (h)], clearly discourages the nurses from acting inappropriate and unprofessional. The nurses deviated from the standards as stipulated in the above-mentioned legislation and hence are bound to provide compensation to the patient. It is through the negligence and unethical conduct of the nurses that made Mr. Paul contract the skin lesions. As professionals, they were supposed to provide quality care and hence could have prevented the occurrence of skin lesions on the patient. The nurses’ conduct of unprofessionalism is a deviation from the standards and legislations governing all nurses. A good expert witness must be a good public speaker. Due to the demanding nature of the court proceedings, an expert witness must be able to explain ideas in a clear and precise manner. He/she should also be very conversant with the court terminologies and hence represent the client fully. In addition, he/she should show confidence while speaking because confidence shows professionalism and hence the jury builds trust on your witness account. Therefore, good speaking is necessary for a nurse aspiring to be a good expert witness. It is a requirement that an expert witness should be actively involved in his field of specialization. The active involvement in the medical field