Adelphia communications corp

Rigas; his three sons, Timothy J. Rigas, and James P. Rigas; and two senior executives at Adelphia, James R. Brown, and Michael C.

Adelphia communications corp

A summary of one of the biggest scandals in US history. By comparison, other corporate misdeeds seem like small potatoes.

Corporate criminals everywhere are crying out, "What does it take to get a little attention around here? Or maybe it was the little things: John Rigas founded the company and served as CEO and chairman.

NEW YORK — Adelphia Communications Corp. founder John Rigas and his son Timothy were convicted Thursday of conspiracy, bank fraud and securities fraud for looting the cable company and duping. Adelphia Communications Corp Harvard Case Study Solution and Analysis of Case Study Solution & AnalysisIn most courses studied at Harvard Business schools, students are provided with a case study. Major HBR cases concerns on. Aug 23,  · The end of the Adelphia saga The Adelphia Communications saga finally comes to a close as John and Tim Rigas go to prison. A summary of one of the biggest scandals in US history.

All four were board members, along with John? To say the board and voting configuration was dysfunctional is a gross understatement. That alone should have triggered big red flags for institutional investors.

But nobody paid attention to red flags during the tech bubble. The complete lack of independent oversight gave the family carte blanche to rob the company blind.

Adelphia communications corp

Everything was off the books. The fraudulent fraternal behavior might have continued indefinitely if not for one man. In the post-Enron environment, that was all investigators needed to descend on the company.

Within two months, the Rigas clan had resigned their positions and relinquished control of the company. That was enough to force the company into bankruptcy. What galls me is the complete disregard for employee and shareholder welfare as they systematically looted a public company to fund frivolous and lavish lifestyles.

John and Tim will likely pay for the rest of their lives, having been sentenced to 15 and 20 years, respectively.

SEC Charges Adelphia and Rigas Family With Massive Financial Fraud

Last week a U.Aug 25,  · Adelphia Communications Corp. company research & investing information. Find executives and the latest company pfmlures.comon: DTC Parkway Greenwood Village, CO United States.

The Securities and Exchange Commission today filed suit in the United States District Court for the Southern District of New York charging major cable television provider Adelphia Communications Corporation; its founder John J.

Adelphia Communications Corporation - Wikipedia

Rigas; his three sons, Timothy J. Rigas, Michael J. Rigas, and James P. Rigas; and two senior executives at Adelphia. Home: Thank you for visiting pfmlures.com On June 25, Adelphia Communications Corporation and certain affiliates filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

Adelphia Communications Corp Harvard Case Study Solution and Analysis of Case Study Solution & AnalysisIn most courses studied at Harvard Business schools, students are provided with a case study. Major HBR cases concerns on. Adelphia Communications Corporation (former NASDAQ ticker symbol ADELQ), was a cable television company headquartered in Coudersport, Pennsylvania.

Adelphia was the fifth-largest cable company in the United States before filing for bankruptcy in as a result of internal corruption.

Aug 23,  · The end of the Adelphia saga The Adelphia Communications saga finally comes to a close as John and Tim Rigas go to prison. A summary of one of the biggest scandals in US history.

The end of the Adelphia saga - CNET