one paragraph for each of the three Abrahamic traditions that explains the origins and basic contents of their respective sacred scriptures. (Judaism:…
October 18, 2020
Week 4 Dicussion Responses – Org Behavior
October 18, 2020

Was Mitchell’s lie about having a college degree material? If you had been a mem

In 1998, after working at two banks for about ten years, Bryan J. Mitchell helped found MCG Capital Corporation, a venture-capital firm that invested in the media, communications, and technology sectors. MCG went public in 2001, and Mitchell served as its CEO and chair of the board. Various documents filed with the SEC stated that Mitchell “earned a B.A. in economics from Syracuse University.” In fact, he attended Syracuse for only three years and did not graduate. After being pressured by a journalist, Mitchell disclosed the misrepresentation to the MCG board. The same day, the company issued a press release correcting the statement. The board subsequently stripped Mitchell of his title as chair of the board and made him repay certain bonuses and loans.

The press responded negatively to “another CEO that lied about his résumé” and speculated about “what else might not be right.” On the day the press release was issued, MCG’s stock price dropped from $11.85 per share to $8.40 but fully recovered within a month.

Shareholders sued, alleging that the misrepresentation violated Section 11 of the 1933 Act, Section 10(b) of the 1934 Act, and Rule 10b–5. Was Mitchell’s lie about having a college degree material? If you had been a member of the MCG board, would you have been comfortable keeping Mitchell as CEO? [Greenhouse v. MCG Capital Corp., 392 F.3d 650 (4th Cir. 2004).]

The post Was Mitchell’s lie about having a college degree material? If you had been a mem first appeared on https://nursingassignmenttutor.com.


Was Mitchell’s lie about having a college degree material? If you had been a mem was first posted on October 18, 2020 at 3:11 am.
©2019 "Submit Your Assignment". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at support@nursingassignmenttutor.com

 

"Are you looking for this answer? We can Help click Order Now"