Adelphia Communications Corporation was an American cable television company with headquarters in Coudersport. Pennsylvania . It was founded in 1952 by brothers John and Gus Rigas after purchasing a cable television franchise for $300. Combining various cable properties, the company became one of the most successful in the United States and reached over 2 million subscribers in 1998. Apart from cable television, later Adelphia started providing high-speed internet, phone services and voice messaging for businesses. In the accounting fraud at the cable company Adelphia, top management had est. blished a "cash management" system that enabled the founder of Adelphia and former CEO and chair of the board of directors, John Rigas, to dip into the fund for personal expenses whenever he wanted. The final approval for such expenditures rested with Timothy Rigas, the son of John Rigas and Adelphia's CEO during the final years that fraud had occurred. 1. What's wrong with the founder of a company, its former CEO and board chair, utilizing corporate assets for personal reasons? 2. Can you think of any circumstances where it would be permissible? 3. That is, what would have to happen for this to be acceptable