Adelphia Communications scandal

ADELPHIA COMMUNICATIONS SCANDAL

The Adelphia Communications started as a small cablevision industry , and after a few years of hardship , kicked its way to the top as one of the earning companies in its industry

Adelphia has always been not too loud about what is going on with the business proper . As the public was made unaware of , the company was already in debt , causing the owners to consider entering cross-borrowing agreements as an option to get up again and have all their debts paid However , the result was otherwise . Instead of recovering

from such , they only have acquired some more

But despite being downed to debt , they still remained quiet about it Slowly the company went to bankruptcy yet managed not to disclose the real picture . As per business procedures , the integrity of a company starts from projecting a good image especially to the investors so that the finances would be kept . Because investors are the lifeblood of a business , they will be discouraged to continue with business partnership if they know that the company they are investing on is on its way down And this is what the Adelphia owners prevented from happening

All businesses are responsible to have clear documents . This covers re-evaluating all printed materials including small business advertising , brochures and other documents , making sure they are precise and professional . Most important , the information stated on those documents should be laid as facts , not misrepresented nor misinterpreted

Business owners should also take a hands-on approach to accounting...