Adelphia case - Book Report/Review Example

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In this case, we see how these two features were compromised giving rooms for other unethical practices that did not only affect the…
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Adelphia case
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Adelphia case Adelphia case is a very serious illustration of how lapses in the area of transparency and objectivity can affect smooth running in any business. In this case, we see how these two features were compromised giving rooms for other unethical practices that did not only affect the business but also led to the end of Ragas family leadership in Adelphia Company. May be the first area that needed to be addressed was the power and Position Ragas family held in the Business. From the case it is clear that the Ragas despite owning only 11% of the company they still controlled 56% of the shareholders votes. Additionally, the case has it that out of the 9 positions in the top management board, 5 were held by the Ragas family. Based on this scenario it is easy to see how they had consolidated power around them, no wonder they could go about taking huge loans from the company without a prior knowledge of the shareholders. This was a serious breach of company regulations since shareholders needed a constant update on their investment. To make the matter even worse is the fact that the money borrowed was used in financing a lavish lifestyle that the family had embraced. This is ridiculous, and a clear diversion from the company main objective of being a provider of cable services to TV customers. At this point we may pause and ask if there was any way to avoid this. The answer is yes. According to the way things unfolded, it is clear that the heavy representation of the Ragas family in the top management started all this. Consequently reconstitution of the team at the time of expansion to include other partners and a change in the number of shareholders votes for the Ragas family would do.
Works Cited
Gross, Daniel. "Aldephias Family Fool." Choice Reviews Online 5 (2002): 1. Print. Read More
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