ethical decisions and actions should Enron’s employees reasonably have had? Enron had a great and respected code of ethics among its peers. Also‚ Lay and Skilling had respectable operating beliefs since they also represented the Enron Code of Ethics. So‚ reasonably‚ the employees’ expectations should have fun to do the right thing morally and ethically as well as to uphold the respect‚ integrity‚ communication‚ and excellence Enron stood for. 4. How did Enron’s corporate culture promote unethical
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Enron’s origins date back to 1985 when it began life as an interstate pipeline company throughthe merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay‚ the former chief executive officerof Houston Natural Gas‚became CEO‚ and the next year wonthe post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business
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reasons leaving Chairman Kenneth Lay to reassume the office. Arthur Andersen was once known as a major player in the accounting profession. Arthur Andersen provided Enron with external and internal auditing‚ as well as consulting services. May of 2001‚ Enron’s executive chief strategy officer and vice chairman Clifford Baxter left the company‚ due to uncontroversial circumstances. It was rumored that Baxter‚ who later committed suicide‚ had clashed with Jeff Skilling. Enron had three main business units
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accounting‚ which he explains stands for "Hypothetical Future Value." Little did employees suspect that was more or less what the company was counting on. Skilling and Lay were less than circumspect at times. When a New York market analyst questions Enron’s profit and loss statements during a conference call‚ Skilling can’t answer and calls him an "a-hole;" that causes bad buzz on the street. During a Q&A session with employees‚ Lay actually reads this question from the floor: "Are you on crack? If you
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banking code. This sudden collapse of one of Fortune 500 largest companies shocked the world. Once the world’s largest energy company‚ Enron’s scandal became the largest bankruptcy recognition and was attributed as the biggest audit failure in American history. The impact of this downfall was felt within the company and throughout the business world. As Enron’s stock plunged in value‚ tens of thousands of employees lost their jobs‚ most of their retirement savings and 401k investments. “In their
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Grade 9‚0 Corporate Finance II Interco Advanced Valuation Comments from teacher: In question 1‚ why do we use these equitation’s‚ explain and show then‚ i.e. ROE can go up with more leverage. More on comparables. In Q1 assumptions explained‚ that are then used in DCF. Max for question 1 and 2‚ two pages. Must power to put in Q3. Deduct tax in table 3. In DCF‚ show more how calculated and assumption missing about other income and corporate expenses. Table 6 to be fixed (already been done)
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|Analytic |FN-Measurement | | | |PE1-2A |1-3 |Accounting equation |Easy |5 min |Analytic |FN-Measurement | | | |PE1-2B |1-3 |Accounting equation |Easy |5 min |Analytic |FN-Measurement | | | |PE1-3A |1-4 |Transactions |Easy |10 min |Analytic |FN-Measurement | | | |PE1-3B |1-4 |Transactions |Easy |10 min |Analytic |FN-Measurement | | | |PE1-4A |1-5 |Income statement |Easy |10 min |Analytic |FN-Measurement | | | |PE1-4B |1-5 |Income statement |Easy |10 min |Analytic |FN-Measurement | | | |PE1-5A
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Strategy as Simple Rules by Kathleen M. Eisenhardt and Donald N. Sull Reprint r0101g When the business landscape was simple‚ companies could afford to have complex strategies. But now that business is so complex‚ they need to simplify. Smart companies have done just that with a new approach: a few straightforward‚ hard-and-fast rules that define direction without confining it. as Simple Rules ILLUSTRATION BY MIN JAE HONG S by Kathleen M. Eisenhardt and Donald N. Sull ince its founding
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Enron: Shaping The Future of Ethics In Business “Give me the story– please‚ the story. If I can finally understand the case in simple terms‚ I can‚ in turn‚ tell the same story to the jury and make them understand it as well. I go about my life confused most of the time‚ but when I get something clear I usually can communicate it. Getting it clear is not the work of huge minds‚ which often are baffled by themselves‚ but the labor of ordinary minds that understand simplest of stories… most of all
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and electricity. Enron pioneered innovative trading products‚ such as gas futures and weather futures‚ significantly modernizing the utilities industry. After a surge of growth in the early 1990s‚ the company ran into difficulties. The magnitude of Enron’s losses was hidden from stockholders. The company folded after a failed merger deal with Dynegy Inc. in 2001 brought to light massive financial finagling. and its failure was the biggest bankruptcy in American history. Read more: http://www.referenceforbusiness
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