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
Premium Enron
level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on fixed delivery routes with set prices. Enron Producers Pipeline
Premium Enron Enron scandal
Deregulation of the U.S. energy industry made possible Enron’s emergence as a major corporation‚ but also ultimately may have contributed to its collapse. The company successfully seized the opportunity created by deregulation to create a new business as a market maker in natural gas and other commodities. Enron successfully influenced policymakers to exempt the company from various regulatory rules‚ for example in the field of energy derivatives. This allowed Enron to enter various trading markets with
Premium Enron Futures contract Enron scandal
The Ransom of Red Chief The story of "The Ransom of Red Chief" is a very ironic story because the author‚ O. Henry‚ turns the expectations of the audience around by making them feel sorry for the kidnappers‚ not the so-called victim. "Red Cheif" is a nine-year-old child who is very hyperactive. He loves to be out doing something anywhere. When the two kidnappers try to lure the boy into their car‚ he throws a brick‚ which is very unexpected from a child‚ and he then accepts to go with them. He
Premium Irony Kidnapping English-language films
The central text for this project is the film Enron: The Smartest Guys in the Room by filmmaker Alex Gibney. This film investigates‚ documents and then exposes the many moves that led to the collapse of Enron. The director focuses on the chief leaders of the corporation as his principal characters in order to develop the story as a human tragedy. Throughout the course of the film‚ each leading character is revealed. All players were found to be distinct in their strategies and methods. However
Premium Enron Kenneth Lay Management
are only in your pantries because Keith Kellogg forgot the wheat in a batch of bread one day. Even a chef’s minor insulting mistake created potato chips and launched a massive snack industry. So‚ we shouldn’t be surprised that the minor mistake Christopher Columbus made in 1492‚ established the United States of America. However‚ just like the majorly popular previous inventions‚
Premium English-language films American films Western culture
[Case/Article Name]: The Enron Wars – Vanity Fair | The Watkins Memo | Questions: 1. Why do you think the whistleblowers we’ve encountered have all been women? The first reason I guess is women are more considering about emotions not about objective facts. Maybe a man won’t do anything he thinks it is wrong. He will refuse wrong things immediately. But women judge things by their own standards. For instance‚ if a woman likes the person who tells a woman to do something wrong based
Premium Woman Revelation Girl
Part 3 The bankruptcy of Enron not only significantly impact the employment and pension of workers‚ but also the relevant major financial institutions‚ including investment Banks‚ commercial Banks‚ pension funds and mutual funds. On Feb. 14th‚ 2002‚ the international accounting standards foundation chairman and former Federal Reserve chairman Paul pointed out that the obvious problems in accounting and auditing profession has formed a kind of crisis after a long-term period of existence. A typical
Premium Enron Enron scandal Arthur Andersen
Significant Native American people such as Chief Tecumseh and Chief Seattle‚ have fought to strengthen their tribal identity. During the period of the removal act of 1830‚ westward expansion was widespread‚ leading to the removal of thousands of Native Americans. Chief seattle and Chief Tecumseh both vocalize the struggles of their tribes‚ as well as attempt to persuade their audience that their tribes have faced negligence from the US government. Chief Tecumseh attempts to appeal to the audience
Premium
Chief Information Officer The Chief Information Officer (CIO) is the highest ranking IT executive in an enterprise that manages the information technology and computer system. The CIO manages the information system to help the enterprise achieve its goals. A competent CIO requires great technology knowledge‚ good communications skills‚ and broad corporate perspective. Generally‚ the CIO reports to chief executive officer‚ chief operations officer or chief financial officer. Origins of Chief Information
Premium Chief information officer