Australia's Major Collapses
In the following statement we will discuss in detail the reason's of major collapses of these three companies:
ABC learning
One tell Telecommunication Company
HIH Insurance Company
The gist of the failure of these companies is unauthorized and unsupervised delegation of authority, false disclosure of reports, poor management, fraud, selfishness, manipulating stock market, poor growth or expansion strategy, excessive debts and many more which we will discuss in detail.