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Get Me Rewrite: What's Next for Murdoch's Media Empire?

thumbnail Rupert Murdoch, chairman and CEO of New York-based News Corp., has built a fortune on the scandals of others. Now, at age 80, Murdoch finds himself at the center of his own ever-widening scandal, one that threatens his hold on a $40 billion global media empire. According to Wharton faculty and other experts, News Corp. needs to address its ethical issues at all levels of the organization -- not just the top rungs. Others note that no matter what happens to Murdoch or his business, the scandal itself will cause a thorough reassessment of the boundaries of a free and fair press.
From: July 20, 2011

Amway: Selling the Dream of Financial Freedom

thumbnail Anyone who has been up watching late-night television has seen them: the get-rich-quick evangelists, usually promoting a system involving real estate. We may scoff at them, but they exert an undeniable pull. Erik German's very short but moving and perceptive memoir, My Father's Dream, is the story of how his own father became lured by the get-rich schemes of Amway and nearly lost everything.
From: May 05, 2011

Why Insider Trading Is Hard to Define, Prove and Prevent

thumbnail On October 16, federal prosecutors charged Raj Rajaratnam and his hedge fund, Galleon Group, with insider trading. On November 5, 14 additional people were charged with the same crime, and prosecutors predict even more arrests in coming weeks. The Galleon case raises questions about what exactly constitutes insider trading at a time when so many market participants, such as hedge funds and other opaque investment pools, live or die on their ability to gather information competitors don't have. Wharton faculty offer their opinions.
From: November 11, 2009

Lippo Group CEO James Riady: 'Money and Power Are a Blessing and a Curse'

thumbnail James Riady is the CEO of Lippo Group, one of Indonesia's largest conglomerates with annual revenues of some $3 billion. The Group, among the most active property developers in Southeast Asia, has expanded into China and Hong Kong and plans to invest $10 billion over the next five years in the Asia Pacific region. It also has interests in media, telecommunications, retail and health care. Fifteen years ago, Riady was responsible for the establishment of Universitas Pelita Harapan in Indonesia, and he has a strong interest in the social impact of business. During an interview with Knowledge@Wharton, Riady explained the lessons he has learned over the years from successes and failures in business and politics.
From: October 28, 2009

The Bernard Madoff Case: Trust Takes Another Blow

thumbnail Successful marketplaces -- indeed, all social systems -- require a level of ethical behavior among their participants. In an interview with Knowledge@Wharton, professors Maurice E. Schweitzer and G. Richard Shell, who have conducted extensive research on the role of trust in markets, explain why even the most sophisticated investors put their faith in Bernard Madoff, the New York City financier recently accused of running a $50 billion Ponzi scheme. That breach of trust has damaged the broader markets, Schweitzer and Shell say.
From: January 07, 2009
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