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Essay text:
Even a company like Bristol Meyers Squibb can be affected by this type of corporate cancer. Bristol Meyers Squibb is just now being released from its probation obligations for exaggerating, by a factor of 2 billion, dollars for fiscal years 2000 and 2001 (Reuters, 2007, pp.1).
How does it relate to the Reading?
As described in chapter six of the weekly reading, the Bristol Meyers accounting situation meets the criteria for fraud. This was not a small miscalculation; ultimately it cost four cozy well paid executives their jobs. Certainly the posted numbers were fraudulently fudged to increase the money the company could generate by doing business with its wholesalers...
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