systemic‚ corporate‚ and individual issues raised by this case? This case discusses the story of Enron‚ the infamous American energy company that December 2‚ 2001 filed the largest bankruptcy case in US history‚ totaling losses around 66 billion US dollars‚1 forcing 4‚000 unemployed‚2 and bringing down Arthur Andersen‚ 3 its auditing company. For many of the “bad” and publicly convicted Enron executives it has been the worst nightmare come true‚ a personal travesty. Cliff Baxter‚ an Enron executive
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Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by
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Enron 1. How did the corporate culture of Enron contribute to its bankruptcy? There was an overwhelming aura of pride‚ carrying with it the deep-seated belief that Enron¡¦s people could handle increasing risk without danger. The culture also was about a focus on how much money could be made for executives. For‚ example Enron¡¦s compensation plans seemed less concerned with generating profits for shareholders than with enriching officer wealth. Enron¡¦s corporate
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Introduction Culture is the characteristics of a particular group of people‚ distinguished by everything from language‚ religion‚ cuisine (food)‚ social habits‚ music and arts. In other words‚ it is defined as the “ the collective programming of the mind of one category of people which is different from other category of people where mind refers to the way of thinking‚ feeling and behaving”. This gives people a sense of who they are‚ their belongings and social behavior. Different anthropologists
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PROJECT ON: CORPORATE GOVERNANCE Presented by students of Department of Business Studies‚ DeenDayal Upadhyaya College‚ University of Delhi. Devesh D Lalwani 10/BBS/0165 Shivam Gupta 10/BBS/0177 Abhinav Goel 10/BBS/0179 Jai Singh Gambhir 10/BBS/0157 Declaration We student of Bachelor of Business Studies (1st semester)‚ in Deen Dayal Upadhyaya College‚ University of Delhi‚ hereby declare that I have made this academic project titled ‘Corporate Governance’
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Good Corporate Culture Introduction “Corporate culture is the basic specifications which are created‚ discovered and developed by a specific organization in dealing with their own external adaptation and internal integration issues”. (Baeney‚ 2006) “It is used as a guide for organization members to feel‚ think and understand the issues related to cultural identity‚ including the guiding ideology of corporate‚ business idea‚ work style‚ values‚ and codes of conduct‚ ethics‚ cultural traditions
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Enron Case Study A company’s leadership and culture influences its business ethics. A company’s culture is known as the organizational culture. It is the actions and beliefs of individuals that work at the company. All the shared values and enforced policies contribute to organizational culture. “The leadership culture appears as an integral part of the organizational culture and it can have a positive or negative influence upon the latter.” (Popa‚ 2013‚ p. 179). The organizational culture
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The importance and the influence of the corporate culture in a merger and acquisition context Authors: Tutor: Program: Hanane Makhlouk Olena Shevchuk Dr. Mikael Lundgren Master´s Programme in Leadership and Management in International Context Subject: Change Management Level and semester: Graduate‚ May 2008 Baltic Business School Acknowledgement First of all‚ we would like to express our gratitude to all the teachers involved in the Master Programme for their contribution
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ENRON: The Idiocy and the Irony Introduction Red flags were blinding as Enron learned about possible corruption with Enron Oil Trading in Valhalla‚ New York. After the merger between HNG and InterNorth‚ the Valhalla office‚ originally established by InterNorth seemed all but forgotten until quarterly and annual reports were due. Supervisors Tom Harding and Steve Sulentic were rarely on-site‚ preferring the comfort of offices in Houston. Louis Borget who established and operated the trading
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MD. ZULKIPLI MATRIC NO : 1333430136 Dr. Abdullah bin osman Enron : Questionable Accounting Leads To Collapse History ENRON CORPORATION. Enron‚ a corporation headquartered in Houston‚ operated one of the largest natural gas transmission networks in North America‚ totaling over 36‚000 miles‚ in addition to being the largest marketer of natural gas and electricity in the United States. Enron managed the world’s largest portfolio of natural gas risk management contracts and
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