Publications

September 2023
Case

The Rise and Fall of FTX

By: Aiyesha Dey, Jonas Heese, Joseph Pacelli and Max Hancock

In November 2022, Sam Bankman-Fried's multi-billion-dollar crypto exchange, FTX, collapsed, wiping out investors and throwing the crypto industry into disarray. As FTX's founder and CEO, Bankman-Fried developed a reputation for his unerring business sense and... View Details

Keywords: Cryptocurrency; Crime and Corruption; Financial Statements; Misleading and Fraudulent Advertising; Insolvency and Bankruptcy; Corporate Governance; Governing Rules, Regulations, and Reforms; Failure; Restructuring; United States; Hong Kong; Bahamas

Educators

01 Sep 2014
News

Afghanistan’s Hope and Light

and were almost stormed by the villagers,” Khoja says. Baksheesh—a word that encompasses charitable giving, tipping, and bribery—is another cultural norm in Afghanistan. A 2013 Transparency International... View Details

Keywords: Julia Hanna

18 Nov 2002
Research & Ideas

Where Morals and Profits Meet: The Corporate Value Shift

challenging task in any country, but it is more difficult in some environments than others, particularly those plagued by high levels of corruption. The effects of corruption are insidious and they go well... View Details

Keywords: by Carla Tishler

17 Nov 2016
Op-Ed

What's Behind the Unexpected Trump Support from Women

In the days since the election, more than 400 hate crimes in local schools, communities, and businesses have been reported Trump’s statements about sexually harassing women potentially give permission for a... View Details

Keywords: by Laura Morgan Roberts and Robin Ely

June 2012 (Revised March 2014)
Case

I Paid a Bribe (Dot) Com

By: Karthik Ramanna and Rachna Tahilyani

Anti-corruption web platform "ipaidabribe.com" leverages the transparency and anonymity of the Internet to encourage private citizens in India who have been the victims of corruption to self-report details of bribes paid, including the bribe amount, the name of the... View Details

Keywords: Crime and Corruption; Internet and the Web; Ethics; Service Industry; India

Educators

2002
Book

Buy, Lie, and Sell High: How Investors Lost Out on Enron and the Internet Bubble

By: D. Quinn Mills and Dirk Seifert

Keywords: Sales; Crime and Corruption; Online Technology

February 2019 (Revised September 2019)
Case

Theranos: The Unicorn That Wasn't

By: Joseph B. Fuller and John Masko

In 2003, 19-year-old Elizabeth Holmes founded a startup dedicated to making blood testing easier and more affordable. By 2015, her company, Theranos, was worth $9 billion. It boasted a star-studded board and contracts with national pharmacy and supermarket chains... View Details

Keywords: Theranos; Blood; Lab Testing; Fraud; Holmes; Balwani; Shultz; Carreyrou; Securities And Exchange Commission; Food And Drug Administration; FDA; SEC; Health Testing and Trials; Corporate Accountability; Organizational Culture; Misleading and Fraudulent Advertising; Crime and Corruption; Entrepreneurship; Medical Devices and Supplies Industry

Educators

17 Aug 2021
Op-Ed

Dispensing Justice: The Case for Legalizing Cannabis Nationally

drug-related crimes, loss of state autonomy, and negative health consequences for vulnerable sections of the population. These concerns are misplaced. Experiences of US states and countries such as Uruguay,... View Details

Keywords: by Ashish Nanda and Tabatha Robinson

November 1979
Case

Bribery and Extortion in International Business

By: Louis T. Wells Jr.

Keywords: Crime and Corruption; Trade

Profile

Nikki Skovran

few years, I like to do something different.” With three years’ experience breaking gangs in Baltimore, and another five years investigating violent crimes in Chicago, Nikki became both an expert... View Details

Keywords: Nonprofit / Government; Consulting; Entrepreneurship

21 Jun 2010
Research & Ideas

Strategy and Execution for Emerging Markets

and internal vigilance, to deal with corruption. Infosys and Tata Group set high standards for their organizations in light of corruption in India. As illustrated by the... View Details

Keywords: by Martha Lagace

2024
Book

The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage Are Destroying Democratic Capitalism as a National Ideal ... And What to Do About It

By: Malcolm S. Salter

What are we to do about declining public trust and confidence in democratic capitalism, which many citizens consider a cornerstone of our national ideology and identity? In this book, I address how we can rekindle the fading light of democratic capitalism as an... View Details

Keywords: Government and Politics; Power and Influence; Economic Systems; Culture

November 2012 (Revised January 2018)
Teaching Note

Chris and Alison Weston (A), (B), (C)

By: Sandra J. Sucher

Teaching Note for Chris and Alison Weston(A), (B) and (C) cases. View Details

Keywords: Crime and Corruption; Moral Sensibility; Values and Beliefs; Conflict of Interests; Value; United States

15 Jan 2020
Video

Prithvi Raj Singh Oberoi

P.R.S Oberoi, Chair of the iconic Indian luxury travel company Oberoi Hotel and Resorts, holds business largely responsible for most of the corruption in India, but argues that there is now an increasing... View Details

05 May 2011
Research & Ideas

How ‘Political Voice’ Empowers the Powerless

disadvantaged or minority groups in India whose members are elected to local governments have not only more of a "political voice" but also more access to and better results from the justice system. In the working paper The... View Details

Keywords: by Maggie Starvish

July 2015
Article

Executives' 'Off-the-Job' Behaviors and Financial Reporting Risk

By: Robert Davidson, Aiyesha Dey and Abbie Smith

We examine how executives' behavior outside the workplace, as measured by their ownership of luxury goods (low “frugality”) and prior legal infractions, is related to financial reporting risk. We predict and find that chief executive officers (CEOs) and chief financial... View Details

Keywords: Management Teams; Behavior; Personal Characteristics; Crime and Corruption; Governance Compliance; Financial Reporting; Organizational Culture

Read Now

July–August 2019
Article

How to Scandal-Proof Your Company

By: Paul M. Healy and George Serafeim

Despite efforts to crack down on illegal activity, crimes like fraud, bribery, embezzlement, and money laundering are rampant in corporations. What steps can leaders take to fix this growing problem? View Details

Keywords: Organizations; Crime and Corruption; Organizational Culture; Leadership; Ethics