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 and in America
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Small Business Sector’‚ British Journal of Educational Studies‚ Vol. 46 (4)‚ p399-414. Mintzberg‚ H. (1975) ‘The manager’s job; folklore and fact’ Harvard Business Review‚ JulyAugust 1975‚ p49-61. Mintzberg‚ H. (1987) ‘Crafting strategy’ Harvard Business Review‚ July-August 1987‚ p6675. McKiernan‚ P. (1997) ‘Strategy Past; Strategy Futures’‚ Long Range Planning‚ Vol. 30 (5)‚ p. 790-798. 6 Ocasio‚ W. and Joseph‚ J. (2008) ‘Rise and Fall - or Transformation?: The Evolution of Strategic Planning
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Reflection #3 The rise and fall of crack in New York City can be explained through the idea of group position. The American Dream is a tool used to keep the wealthy in power and reinforce the “abstract image of the subordinate group” which took the form of welfare queens and ghetto bangers in the imaginations of the white majority (Blume 6). These designated subordinate races are then seen as undeserving of institutional support fought for in the Civil Rights Movement of the 60s. This intensified
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Rise and Fall of Ottoman Empire And Rise of Modern Turkey Ottoman Empire also known as “Sultanat e Osmania” or Ottoman Turkish Empire was the largest Muslim empire ever established. Its territories were spread across Europe‚ Asia and Africa. In short the largeness of the Ottoman Empire could be judged from the fact that modern day Turkey‚ Greece‚ Romania‚ Bosnia‚ Poland‚ Hungary‚ Bulgaria‚ Armenia‚ Georgia‚ Albania
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The Consequences of Constitutional Conspiracies Rise and Fall of the Medici- Spring 2015 Marina Tanimoto Marina.tanimoto1@marist.edu Four significant and devastating conspiracies haunted Italy in the mid 15th century. The chapters ‘Conspiracy’ and ‘April Blood’ in the book April Blood by Lauro Martines cover the murder of Count Girolamo Riario in Forli‚ the murder of Galeazzo Maria Sforza‚ the Duke of Milan‚ the conspiracy of Stefano Porcari‚ and the attempted assassination of Lorenzo de’ Medici
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The documentary film‚ Enron: The Smartest Guys in the Room It is a story about the greed in corporate America that is always exposed after the fact. The film examines the 2001 collapse of Enron. At the time of the collapse‚ Enron was the largest bankruptcy in history. The Enron story is one of money and politics‚ which are two areas that embody the culture of big business in America. The film does a great job of illustrating the laissez-faire culture that allowed Enron to rise to prominence while
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| The Rise and Fall of the “Iron Curtain” | Research paper on the Berlin Wall | | By: Chelsea A. Joffrion | 5/10/2012 | | “Two thousand years ago the proudest boast was civis Romanus sum ["I am a Roman citizen"]. Today‚ in the world of freedom‚ the proudest boast is "Ich bin ein Berliner!"... All free men‚ wherever they may live‚ are citizens of Berlin‚ and‚ therefore‚ as a free man‚ I take pride in the words "Ich bin ein Berliner!” ~ John F. Kennedy (Introduction) The Berlin
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What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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Enron Corporation and Andersen‚ LLP Accounting Fraud and Auditor Legal Liability 1 - What were the business risks Enron faced‚ and how did those risks increase the likelihood of material misstatements in Enron’s financial statements? The business risks that Enron faced included foreign currency risks and price instability‚ which is common for the energy industry. In addition‚ Enron faced pressure to perform well so that the stock price would rise. These risks increased
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Enron was once one of the world’s leading electricity‚ natural gas‚ pulp‚ paper and communications companies. However‚ in December 2‚ 2001‚ Enron suddenly filed for bankruptcy. During the ten years before Enron¡¦s went bankrupt‚ Enron¡¦s management had started transferring Enron¡¦s funding to personal accounts and made fake balance sheets‚ which provided investors information about how this company goes. (Gibney‚ 2005) These illegal actions‚ performed by certain individuals‚ finally led Enron to
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