The collapse of Enron case study Q1. The key stakeholders involved in‚ or affected by the collapse of Enron are: employees and retirees‚ thousands of them lost their jobs and the investment; the executives: Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow they sold significant blocs of company stock‚ have conflicts of interests; government figures‚ Lay had close personal tie with the Bush family‚ Enron’s efforts influence policy making; regulatory authorities: Commodities Futures Trading Commission
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ENRON Enron shocked the world from being “America’s most innovative company” to America ’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America ’s seventh largest corporation. Enron gave the illusion that it was a steady company with good revenue but that was not the case‚ a large part of Enron’s profits were made of paper. This was made possible by masterfully designed accounting and morally questionable acts by traders and executives. Deep debt and surfacing information about
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Enron: The Smartest Guys in the Room I. Review of the documentary Enron: The Smartest Guys in the Room is a documentary that was produced in 2005 as a reflection of the 2003‚ bestselling book with the same name. The documentary was written by Bethany Mclean and Peter Elkind. The film‚ produced by Alex Gibney is an explicit demonstration of how reputable corporations can tumble down because of illicit financial management. The film is about the Enron Company‚ which experienced enormous financial
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Parmalat Finanziara‚ the Italian dairy and food giant‚ is fast joining Enron and WorldCom as a household name for corporate scandal. The alleged financial fraud at Parmalat spans more than a decade and involves sums whose estimates have ballooned from EUR 4 billion to more than EUR 8 billion. Founder‚ chairman‚ and chief executive Calisto Tanzi has been ousted from the company and board and is under arrest. Enrico Bondi‚ who replaced Tanzi in December‚ has been given new authority to act as sole
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VIRÁG SZOMORA EXAM NR.: 319595 2013 JANUARY MANAGEMENT OF TECHNOLOGY ASSIGNMENT #3 BERNIE ECCLESTONE’S FORMULA FOR FORMULA ONE UNIVERSITY OF SOUTHERN DENMARK 2013 JANUARY 1 VIRÁG SZOMORA EXAM NR.: 319595 2013 JANUARY „They say Formula One is a market which it can’t be‚ obviously. Our market is independent‚ it’s a sport.” (Bernie Ecclestone) Formula One is one of the biggest businesses in the world since the 1980s. The motor racing sport itself is more than a century old
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Case Study: Slavery in the Chocolate Industry This case is about the slavery of young men in the Chocolate industry. Chocolate is made from the highly prized top quality cocoa beans that are grown on farms in West Africa‚ especially the Ivory Coast and Ghana‚ which make up close to half of the world’s chocolate. Slavery in the chocolate industry raises many issues including systematic‚ corporate and individual ethical issue. Here I’m going to discuss the issue I observed in this case
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a new generation of employees. The new director was keen to explore more customers. They audit and certificate more accounts and made larger profits for their company. Andersen guaranteed the accounts for dishonest company from John DeLorean to Enron and WorldCom. The code of ethics which Andersen against are: 1. Standard I (A) Knowledge of the Law. Members and Candidates must understand and comply with all applicable laws‚ rules‚ and regulations (including the CFA Institute Code of Ethics
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DE VERA‚ K. RIGOR‚ J. & TAYAG‚ J. Brand is a name‚ sign‚ symbol‚ or design‚ or combination of these that identifies the maker or seller of a product or service . Although certain brands offers various product line and brand extensions‚ it does not mean that a brand is strong already. Note that years of existence do not also define a strong brand‚ rather to consider a brand a strong one the brand should have high brand equity; a clear brand positioning; and it must be competitive
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be testing and analyzing this attribute prevalent in humans and naming it the Confirmation-Bias (Klayman‚ 1987). The Confirmation-Bias can be seen in all societies‚ but typically when there is a strong feeling of community and friendship. The film Bernie shows the Confirmation-Bias in action in the small town called Carthage‚ Texas‚ where the community was outraged by the accusation of murder by their most beloved men against a distasteful woman. Influences from communities as well as personal biases
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Charles Koch and Bernie Sanders may seem like polar opposites‚ however‚ in a Washington Post opinion piece penned by Koch‚ the billionaire admits that he agrees with Sanders on two keys issues. However‚ it’s not an endorsement for Bernie Sanders‚ since Charles Koch does not agree with Sander’s assertion that the federal government should play a larger role in people’s lives. Koch has repeatedly said that he is for less‚ not more‚ government control. One issue that Bernie Sanders and Charles Koch
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