BUS 101 Lecture Notes - Lecture 7: John Rigas
13 Oct 2015
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Document Summary
The adelphia case was about workers within the company who stole money in order to pay for a luxurious lifestyle. The stakeholders are really all of the workers who were caught in the family and fired: john rigas, michael rigas, timothy rigas, james. Rigas, peter venetis, dennis coyle, leslie gelber, and pete meltros. All workers took part in this and were fired and kicked out of their companies. They were filed for bankruptcy and replaced by new managers and workers. The company also moved and renamed itself due to its accounting firm"s failure, which was sued. If they claim that they did not, then they were probably either threatened not to share the information or they never checked into a situation if it seemed a little strange. The company was smart for firing the workers so the outcome would most likely not happen again.
