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On November 24, 2014, Netflix filed a lawsuit against its former vice president of IT operations, Mike Kail, alleging fraud, breach of fiduciary duties, and other charges. Here is an excerpt from the lawsuit filing in Superior Court of the State of California, Santa Clara County: "During his tenure at Netflix, including as Netflix's Vice President of Information Technology Operations, Kail was a trusted senior-level Netflix employee. Kail's job responsibilities at Netflix included negotiating and executing contracts on behalf of Netflix to acquire IT-related products and services...approving invoices for payments that third parties would request related to IT products and services purchased by Netflix...after Kail approved such invoices. Kail was a trusted, senior-level Netflix employee, with authority to enter into appropriate contracts and approve appropriate invoices." (See the entire legal document at https://www.scrbid.com/doc/248259590/Netflix-v-Kail.) Netflix is suing Mr. Kail for fraud, breach of fiduciary duties, and other actions. Mr. Kail was in charge of entering into and authorizing contracts for Netflix's tech vendors, which included two companies, Vistara IT and Netenrich (both founded/owned by Mr. Raju Chekuri.) At the same time, Mr Kail had his own company on the side called Unix Mercenary, which he did not disclose to Netflix. Mr. Kail's company Unix Mercenary received 12%-15% comissions on all contract invoics paid by Netflix to Vistara IT and Netenrich. Part of the evidence that Netflix outlines in its lawsuit are emails between Mr. Kail and employees of Netenrich which refer to "referral fees" from Netenrich to Unix. Here is an excerpt from an email from Netenrich to Kail (from the above-mentioned lawsuit filing): ..."[We] discussed getting you paid and I just need to ensure the payments from Netflix are in Netenrich's bank account...I uggest we employ the following process to ensure you receive your referral fees on a timely basis..." Over a three year period, Netflix paid approximately $3.7 million to Vistara IT and Netenrich, which would translate into comission payments between $440,000-$550,000 to Unix Mercenary. The lawsuit only mentions specific payments of $76,000 to Unix Mercenary. Incidentally, Mike Kail left Netflix in August 2014 to become Yahoo's Chief Information Officer (CIO). (1.) What internal control principle(s) does it appear was/were violated at Netflix? (2.) How might Netflix have designed its internal processes differently to avoid the situation that arose with Mr. Kail? (3.) Should Mr. Kail be held liable for this situation? (4.) Does Netflix have any degree of responsibility in this situation?
Q-Mart is a local grocery store. It sells a certain type of cheese. Excess demand can be backordered. The monthly demand of the cheese follows a normal distribution with mean of 250 and variance of 225. QQ-Mart reviews its inventory continuously and ..
As the CEO of an organization, discuss how you would integrate these findings in your day-to-day functions (staffing, training, motivation and communications).
Other Americans suggest that illegal immigrants represent a growth engine in an economy with relatively little growth elsewhere.
Was this an unpreventable incident, or did Citibank fail to implement enough safeguards to minimize this incident from occurring?
Why is it important to adopt a big-picture approach to capacity planning?
If you owned your own business and had a problem with employee theft, would you use an integrity test? Why or why not?
In a narrative format, discuss these firms from a strategic perspective. Information concerning recent changes in the firms is readily available online and should be accessed. Strategic issues should be discussed in "real time."
Read the accompanying article on a day in the work life of Bill Ryan. Then write a job description for the job of customer service agent. Use the exhibits in this chapter to guide you in deciding what information in the story is relevant for job a..
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency.
How would one go about combining them at one of the Feets vendors? Pick an apparel vendor and relate your answer to that vendor type.
Symbolize and use a truth table to check the following sentence to see whether it is contingent, tautological or contradictory:
Explain what an information silo is and discuss the fundamental problems of information silos, close the discussion by explaining how this problem can be remedied
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