Buntrock benefited the most from the Waste Management fraud. Research and summarize what happened to Buntrock and evaluate if he may have felt the risk worth the reward. Include any articles you used in your evaluation.
Buntrock was the founder of west management, the chairman of the board of directors, and the chief executive officer. He was also set on how to get high earnings by changing an accounting system, he also established the donating system by inflating the company stock to his own St. Olaf College to get a large amount of the tax benefit. He was the first beneficiary of the fraud and received $6.9 million as a bonus since the increase in company revenue. He also got the retirement benefit. He also got a commission and another different payment benefit from the cooperation and was suspended from any public company services. https://www.sec.gov/litigation/complaints/complr7435.htm
Research what happened to at least thre
e of the Waste Management executives (other than Buntrock) named in the chapter (Rooney, Koenig, Hau, Tobecksen, and Getz).
Rooney was the president of the cooperation and chief operating officer after Buntrock. He received bonuses of about 9.2 million dollars because of the growth of the company revenue, performance, retirement benefits, retirement benefit and the sale of company stock during the fraud, but according to the SEC investigation and based on the result Rooney paid 8,692738 these were comprised of disgorgements, prejudgment interest, and a civil penalty. Getz was another executive management to the West management cooperation, and he was the senior vice president and general counsel, and secretary of the company. He was the accounting fraud maker in the cooperation, and based on the SEC paid ,49.756, and also suspended any public company service for limited years. https://www.sec.gov/news/headlines/andersenfraud.htm.