April 17, 1994, Kidder, Peabody & Co. announced a $ 350 million charge against earnings as a result of the detection of false trading profits. On the same day of termination of employment with the company, Joseph Jett was promulgated. By illustrating the mechanics of communication records, this case describes a trading strategy that led to the creation of false profits. Failure of internal control are also discussed. It ends asking who was to blame. "Hide
by Robert L. Simons, Antonio Davila Source: Harvard Business School 21 pages. Publication Date: Dec 02, 1996. Prod. #: 197038-PDF-ENG
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