Man Behind Noble Group's Collapse Claims 'Bad Companies Have to Die'

Man Behind Noble Group's Collapse Claims 'Bad Companies Have to Die'

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the rise and fall of Noble, a major commodities trading firm in Asia, whose market cap plummeted from $18 billion to nearly zero due to accounting fraud. Arnold Wagner, the whistleblower, exposed the fraud, aided by journalists Javier Blas and Andy Hoffman. Despite suspicions, Wagner claims he did not short Noble's stock but did short others to cover legal costs. The story is compelling enough to inspire a movie.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the peak market cap of Noble before its decline?

$30 billion

$25 billion

$18 billion

$10 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was the key figure in revealing the accounting fraud at Noble?

Andy Hoffman

Javier Blas

John Doe

Arnold Wagner

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Since when have Javier Blas and Andy Hoffman been tracking the Noble story?

2010

2012

2015

2018

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial strategy is often associated with profiting from a company's decline?

Purchasing commodities

Buying stocks

Shorting stocks

Investing in bonds

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Arnold Wagner reportedly cover his legal fees?

By shorting other stocks

By taking a loan

By shorting Noble's stock

By selling commodities