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Pages:
3 pages/β‰ˆ825 words
Sources:
1 Source
Style:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 12.96
Topic:

Questions About Failing Stock Sales, Unauthorized Access

Essay Instructions:

CTE Prompt for 10/11
•On 9/7/17, Equifax announced an unauthorized third party gained access to Equifax data of 143 million people (now 145.5. million)
•Questions are being asked about the sale of stock by several top executives insiders and the GCO who approved them
•Since this announcement:
•Millions of potentially impacted people have taken action to “freeze” their credit records 
•The CEO and several executives were fired
•Congress has announced hearings and an investigation
Select a Company—could be the same as the one you selected for CTE #1
•Write a memo to the CEO:
•What is the potential current and future impact this breach will have on your company and/or its employees? 
•What do you want the CEO of your company to do to prevent stock sales similar to what occurred at Equifax
•What should the CEO do to help prevent the unauthorized access of your customer or employee data?

Essay Sample Content Preview:
To: The CEO
From:
Subject: What can be done to prevent the company from failing stock sales, unauthorized access, and breach from happening again.
Dear CEO,
I did a reflection on the board meeting we had and was encouraged by the revenue numbers and the forecast given for the coming year. The gross margin stabilization we have, despite of the need to cut prices, is appropriate of the latest cost reduction done. In general, I think we can assume for now that we got through the storm, but we should prepare for what is to come. I suspect that in the coming years, there will be a lot of challenges that will be encountered by the company.
It is true that our efforts only have a short reprieve. Similar to other companies of today, our workforce remains to be fragile after our recent layoff. The industry we are operating in that still has too much capacity. That is why I am composing this letter to share my thoughts on this issue, as head of the company in this moment of uncertainty. Our financial reporting is very accurate and our auditors should retain their excellent performance. We should hold a guard up against the rapaciousness and self-dealing, unless we get a lot of scrutiny from the press, the union, and investors.
Since we have the desire to meet the needs of others or to stop if that does not happen, our decisions are very strategic and started a couple of changes that affected the management system. This led to its quick failure, which needs to be addressed. I think that some decisions did not work because we were too focused on what others were expecting from us compared to what the company can really do.
In spite of what the company may go through in the future, it is important that you still encourage camaraderie and exert positive influence on the employees. You could also hold meetings and put emphasis on the improvement of customer service because that is one of the things that make other companies stay on top. Furthermore, you need to reassure that company that we will weather through the storm and employees should not be worried about anything. As the years go by, our company has become stronger and has become more relevant to society...
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