Buy custom CMS Energy Scandal and Rebound
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1246 |
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The company would have no scapegoat and would have a difficult time turning things around. I believe that the board of directors where aware of the round trip trades and approved of it or they would not have given a lucrative termination contract. Pallas took the money and became the scapegoat the company needed...
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The special committee reported its findings and recommendations to the Board of Directors on November 4, 2002. In a CMS press release (2002) the board approved the recommendations of the committee and it?¦s independent outside counsel. No new information was discovered, and there was no indication of motives other than to pump up the marketing credentials of the Marketing, Services and Trading business by showing higher sales volumes...
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General points of the essay
Board of Directors Duty
CMS Energy Scandal and Rebound
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Are You Aware?
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don't waste your time with trivial things
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