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However , Dr. Sung warned that the reasons for the success of the GIC lay not just in its management and investment strategy , but also in the political context in which the company operated . In an answer filed last week to Gooneh 's lawsuit , the company admitted that " the foreclosure sale itself was conducted in error . He invited " the I.B.M ., " as he called the International Business Machines Corporation , to develop and market his device , but , in 1937 , the company turned him down . Just ask Film Loop , a slide show company recently dumped into Tech Crunch 's " dead pool , " the blog 's deathwatch for startups , after the company laid off most of its staff and its attempts to sell itself failed . In February , the company admitted it had been a victim of a criminal fraud , duped into turning over consumer personal information . Community Engagement : Serena has a strong community program whose activities include provision of subsidized medical services at the company operated clinics , training of community peer educators , and distribution of free condoms . The company saw the forced resignation of chairman and CEO Sanjay Kumar on the heels of the dismissal of nine employees amid an accounting scandal . With market pressures requiring that the upgrade be completed as quickly and efficiently as possible , the company turned to RSA Security Professional Services . Newsweek reports on Alan Greenspan 's awkward acceptance of the " Enron Award for Distinguished Public Service , " handed out just days after the company admitted filing misleading financial reports . However , the company operated certain storage tanks with gaps that can allow a wide variety of hazardous air pollutants to be emitted . Annie Williams of Columbus , Miss ., said many of her co-workers could not pay for electricity or child care when she was sewing uniforms at $ 6.50 an hour at the American Power Source before the company laid her off a year ago . The investigation lasted more than a year , and the company turned over a whole file cabinet of records to the justice Department .