Molex Case Paper
Topics Background of Mole company LLC SOOT and 5 forces analysis BC Statement and explanation of problem presented In case JAG Statement of possible solutions (solutions given In case)JEW Statement and explanation of decided upon solution TTS “*Meeting Sunday to finish this paper and start Background on Mole: Mole Inc. Was founded in Lisle, Illinois by Frederick Kerchief in 1938. It designs, manufactures, and distributes electronic, electrical and fiber optic interconnection systems and offers over 100,000 different products.
According to thee website, Mole serves diverse Industries Including, aerospace and defense, alternative energy, and smart phones and mobile devices. It has a distinguished reputation as a innovative company, and have even designed most of the connectors on a current AT X standard power supply. The company operates 41 manufacturing locations in 15 countries and employs more than 35,000 people globally. Around 70% of Mole’s revenues come from countries outside the United States.
In 2013, Koch Industries, one of the largest private companies in the nation, acquired Mole Inc. Koch Industries will acquire all outstanding stock for a total of about $7. 2 billion. Mole Is a subsidiary and continues to be operated by the previous executive team. Due to the strong reputation of Mole, they retained their name and will continue to be headquartered In Lisle, Illinois. In the wake of the audit failures related to the Enron, Tycoon, and Delphic scandals, the American government created the Agreeableness Act (SOX) on July 30, 002.
SOX made significant changes to the way American public companies reported their financial statements. These changes included, the creation of the Public Comma NY Accounting oversight Board (PEPCO), which provides external and independent oversight over the audits of public entities, increased independence rules, for example through the audit rotation requirement, and requires top management to take peers anal responsibility for accuracy of the financial reports.