O'Reilly logo

Financial Statement Fraud Casebook: Baking the Ledgers and Cooking the Books by Joseph T. Wells

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 18

It Starts and Ends at the Top

Kimiharu Chatani

Akira Tanaka was an unassuming man who quietly climbed the ladder of success at Premier Electric, a well-known Japanese auto supplier headquartered in Tokyo. With his last child's entrance to a prestigious Tokyo university, he could focus on climbing the final few rungs of the corporate ladder to become an officer and board member, a feat that eluded most of his comrades who started with him some 30 years ago. He was summoned by the human resources department one lazy afternoon in late March to be “unofficially” notified of his new assignment as the CEO of Premier's largest foreign subsidiary, located in Flint, Michigan. He accepted without any hesitation; Tanaka was the ultimate “company man.” Plus, during the past 30 years of Premier's operations, being named the CEO of the U.S. subsidiary virtually guaranteed future success at the company. Tanaka was an avid golfer on weekends and an accomplished singer on the Tokyo karaoke scene at night. Like many Japanese executives on the rise, Akira Tanaka was a chain smoker, a habit he picked up in college.

Akira Tanaka was an average-looking man with an infectious smile that made people comfortable and his engaging laughter put everyone he met at ease, a quality that he took advantage of everywhere he went. The day of his promotion was no different from any other day—after putting in a grueling 12 hours of work, he led his subordinates into the “night jungle” that was known as ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required