Enron debacle: Case Report Table of Contents I. Understanding the Entity: Business Risk Assessment 1. Nature of the entity 1.1. Brief introduction: Enron Corporation‚ a Houston based giant company‚ conducted energy trading business and gas pipeline transportation and distribution business in the energy and industrial sectors. 1During the 1990s‚ Enron transferred from a natural gas supplier and to an intermediary midstream company facilitating distributions
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female friendships‚ no matter how great it started‚ sometimes it gets broken because of something very trivial. Like any other kind of relationship‚ friendships are complicated and do not always work out. When friendships get broken‚ it is very difficult to return it back to what it has been before. When a friendship ended‚ it is undoubtedly hurtful and it will feel like someone has taken your heart away from you. The effects of broken friendships are sometimes very deleterious that the person might
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Enron Case 10.8.2014 Melissa Becker Boya Du Sidi (Fiona) Chen Wei (David) Yu In June of 2001 Enron’s new CEO‚ Jeff Skilling‚ was heralded as the “No. 1 CEO in the entire country and Enron was saluted as “America’s most innovated company.”1 Just six months later‚ in December‚ Enron filed for bankruptcy. The failure shocked the public and angered investors. How could this have happened? Did no one see this coming? Where were the accountants? Where were the controls? Enron’s public troubles
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Parmalat It has been named as “Europe’s Enron” – the legend that took down Italy’s milk selling company Parmalat and its controlling executives‚ American banks‚ audit firms‚ even politicians and 130‚000 of its helpless small shareholders after the discovery in the year 2003 of the $14 Billion black hole in the company’s finances. The company’s fraud was uncovered when the company failed to pay the cash to the bondholders. Summary: This discovery led to eight years of court cases in Europe
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place your trust in certain key personnel" Introduction Within any organisation a high level of trust has traditionally been placed in management and key personnel. This has led to some quite public failures in corporate governance and internal controls Enron‚ WorldCom‚ HIH insurance etc A lack of effective personnel controls can lead to a multitude of organisation problems such as fraud‚ theft‚ excessive costs and poor management decisions. The solution therefore is not to trust the key
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relationship broken by mutual distrust. In this novel‚ trust is broken in several situations. First‚ trust is broken when Christopher’s father hides his mom’s notes and admits he killed Wellington the dog. Trust is broken by Christopher when he runs off to London to live with his mom. Both Christopher and his father value their relationship with each other and when each of their trust is broken by the other‚ they work hard to rebuild their father-son relationship. Christopher and his father both trust each
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Case Study Analysis: State Department of Health Organizational Debacle V-504: Organizational Behavior in the Public Sector July 18‚ 2014 Introduction This case study titled‚ “ State Department of Health Organizational Debacle” shows the major problems associated in organizational management behavior between Dr. Oputa and Dr. Ajiri. The case study clearly states both leadership styles‚ and the inconsistency of director has created a downfall with employees within the State Department of
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The effects of broken homes on children are traumatic. Broken homes can cause children to question their self-worth‚ to experience unnecessary grief‚ guilt and/or confusion. Young children especially‚ have difficulty understanding the rationalities of their parents’ decisions to divorce. All they know is that their parents used to live together and now they don’t‚ used to "love" each other and now they don’t. Children often take responsibility for parents’ decisions to divorce. They conclude that
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brNAME : ESTHER EUNIKE PUTRI SIRAIT CLASS : XI IPA 7 BROKEN HOME Good afternoon to my esteemed teacher and to all of my friends. This afternoon‚ I want to thank God for giving us a sunny day today‚ and also to ma’am Sinur who has given me the opportunity to give a speech about the broken home. First of all‚ I want to tell what exactly is the meaning of broken home. Broken home is a situation where there is chaos in the family‚ and result in psychological pressure on the victim. Parents no longer
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suspension from school‚ involvement in different fraternities‚ attached in relationships‚ unwillingness to attend classes and many more. But one of the most crucial problems to be considered that disturb students from their education is having a broken family. There are many reasons why some families are experiencing this kind of problem but one thing is certain‚ it deeply affects the life of children or students. This kind of problem can lead to psychological‚ emotional‚ spiritual and even mental
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