Solved Case Analysis: MiniScribe Corporation by Robert J. Sack, Kristi Severance, K. Roger Johnson

0.00$

Get the Best Analysis to this Case Study written by MBA/CFA writers.

**Solution would be delivered to your registered email address within next 4 days. If you want the solution any earlier drop an email at assignment@writerkingdom.com.  Click Here to see how it works

Compare

Description

MiniScribe manufactured disk drives for personal computers. It stumbled during an industry shake, but was rescued by a turnaround specialist. The turnaround appeared to be spectacular, but it was only an illusion. After four years of reported successes, the company announced that all prior financial statements were inaccurate, and enormous losses wiped out all equity. In the ensuing investigation, it came out that a large number of employees had caved in to apparently extraordinary pressure for results and had adopted a number of fraudulent schemes to increase profits. Perhaps the most bizarre scheme was to package bricks, and ship them as disk drives. Sixteen individuals were sanctioned by the U.S. SEC, and the investment bankers and accountants were sued for substantial damages.

Publishing Authority:

Darden Business Publishing – University of Virginia

Reviews

There are no reviews yet.

Be the first to review “Solved Case Analysis: MiniScribe Corporation by Robert J. Sack, Kristi Severance, K. Roger Johnson”

Your email address will not be published. Required fields are marked *