Enron ’s ex-role: model of ethics For the gurus of socially responsible investing‚ what lessons from a tarnished star? * * * * * * * * By Laurent Belsie‚ Staff writer of The Christian Science Monitor / March 4‚ 2002 Perhaps the ultimate irony about Enron Corp. is how it charmed ethical investors‚ even the pros‚ for so long. The Houston-based energy giant not only said the right things‚ it also invested in solar energy‚ addressed questionable labor practices
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Description of the situation Goldman Sachs‚ one of the most important financial institutions in the US suffered from the historic financial crisis in 2008‚ particularly because of the demise of insurer AIG given the systemic disruption in the markets and the collateral damage provoked by trading operations with AIG. Even if the company had a strong record in risk management avoiding market downturns‚ this situation caused Goldman Sachs stock price to to decrease and banks stopped lending money even among
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Sadlier-Oxford Vocabulary Workshop Level C Answers – Unit 13 Completing The Sentence 1. loiter 2. plundered 3. vilified 4. wry 5. impediment 6. imperative 7. foreboding 8. enormity 9. haughty 10. adapt 11. faltered 12. malinger 13. vaunted 14. steadfast 15. forlorn 16. waifs 17. pithy 18. dovetail 19. attest 20. simper Synonyms And Antonyms 1. loiter 2. steadfast 3. vaunted 4. attested 5. plundered 6. wry 7. vilify 8. imperative 9. enormity 10. simpers 11. dovetail
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Notable outcomesThe Enron scandal turned in the indictment and criminal conviction of one of the Big Five auditor Arthur Andersen on June 15‚ 2002. Although the conviction was overturned on May 31‚ 2005 by the Supreme Court of the United States‚ the firm ceased performing audits and is currently unwinding its business operations. On July 9‚ 2002 George W. Bush gave a speech about recent accounting scandals that had been uncovered. In spite of its stern tone‚ the speech did not focus on establishing
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The Brent Spar was an oil storage buoy located on the Brent oilfield in the North Atlantic Ocean‚ which was operated by Shell UK. It was used to store oil that was extracted from the under sea oilfield until an oil tanker transported the oil to land. The Brent Spar became obsolete around 1991 because of the building of an underwater oil pipeline that took the extracted oil directly to land. Shell UK then did a scientific‚ economic‚ and environmental study pertaining to the eventual disposal of
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London Ambulance Fiasco Shubham Singhi The London Ambulance Services (LAS)‚ the LAS is the Largest Ambulance services worldwide responding to between 2000 & 2500 a day which covers a large area of 600 Square miles with fleet of 750 vehicles. The LAS carries the responsibility of dispatching the ambulance in less than three minute of the call. (1) The service
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limited credit history” and that is what led to the titanic crisis of 2008-2009. This essay will explore the events‚ which eventually led to many mortgage delinquencies and foreclosure of these sub prime borrower’s homes‚ causing the insurance company AIG and many other banks to foreclose thus forcing bail out money from the American government to prevent the next great depression. In the past‚ traditional mortgage loans that could be acquired from the banks could only be loaned under the grounds
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Speech Chairman Ben S. Bernanke At the National Association for Business Economics 50th Annual Meeting‚ Washington‚ D.C. October 7‚ 2008 Current Economic and Financial Conditions Good afternoon. I am pleased to have once again the opportunity to address the National Association for Business Economics. My remarks today will focus on recent developments in the financial sector and the economy and on the challenges we face. As you know‚ financial systems in the United States and in much of
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Hip-Hop’s Media Effects ------------------------------------------------- Term Paper Javier Sanchez Hip-Hop’s Media Effects ------------------------------------------------- Term Paper Javier Sanchez Music. What do you think of when you think of music? Do you think of your favorite singer/ band‚ or maybe your favorite song at the time; but how often do you think about how that one song‚ or artist(s) have affected your life‚ your outlook on politics‚ society‚ way of living or way of seeing
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with their agents and the sales technique used at present to ensure that customers are being approached in a comfortable way to meet customer needs. Similarly the operation of a ------------------------------------------------- INTRODUCTION AIG Company is an insurance company that provide life coverage‚ accident and hospital stay coverage in NZ. The company is 100% Unites States owned‚ has shareholders where operated in NZ with an annual income
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