1. What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity‚ named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA‚ Joe
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Q1- Who were the key stakeholders involved in‚ or affected by the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Ans- The key stakeholders affected by the collapse of Enron were its employees and retirees. Stakeholders and mutual funds investors lost $ 70billion market value. Banks were also affected by the meltdown of the company. They included big banks like J P Morgan Chase and Citigroup. Not only the stakeholder and bondholder lose out
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ESSAY Can public relations be ethically moral? Should we be involved in them if we want to be moral individuals? But what is ethical‚ moral and what is already unethical‚ immoral? Where are the frontiers? And who define them? The Internet Encyclopedia of Philosophy explains: “The field of ethics‚ also called moral philosophy‚ involves systematizing‚ defending‚ and recommending concepts of right and wrong behavior” (http://www.iep.utm.edu/e/ethics.htm). All definitions of ethics usually share
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Conceptualising the nature and challenges of public administration and management can be seen as a great impact to Africa becoming a developmental state. Public administration is a tool that guides the delivery of public sector management. In a numerous countries in Africa managing the public sector suggests a continuous mission to good governance. Good governance is one the core requirements of development. This report address describing the nature and challenges of public administration and management in
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Managua‚ Nicaragua Sept 28th‚ 2013 ENRON Background In 1985 Kenneth Lay merged his company‚ Houston Natural Gas‚ with Nebraska’s InterNorth to create the Enron; a company to be the biggest natural gass corporation to exist in the U.S. During the 1980’s‚ under the presidency of Ronald Raegan‚ there was a considerable lack of regulations regarding the energy markets‚ thus allowing the company to buy and sell contracts for a delivery at some time in the future. By 1990 Jeffery Skilling joined as
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Advertising and Public Relations Objective Outline 1. Define the role of advertising in the promotion mix. Advertising 2. Describe the major decisions involved in developing an advertising program. Setting Advertising Objectives Setting the Advertising Budget Developing Advertising Strategy Evaluating Advertising Effectiveness and the Return on Advertising Investment Other Advertising Considerations 3. Define the role of public relations in the promotion mix. Public Relations The Role and Impact
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ENRON: A FINANCIAL REPORTING FAILURE? Anthony H. Catanach Jr.1 Associate Professor 610-519-4825 anthony.catanach@villanova.edu and Shelley Rhoades-Catanach Associate Professor Both at Villanova University College of Commerce and Finance Department of Accountancy INTRODUCTION The dramatic collapse of Enron Corporation‚ following a series of disclosures of accounting improprieties‚ has led many to question the soundness of current accounting and financial reporting standards. Within Enron’s reported
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summary will show the aspects of a public relations campaign for Ridoran’s. Such as how it will affect ethical‚ technological and global issues‚ a crisis management plan‚ budget and strategies to have a successful campaign. After implementing this PR campaign Ridoran’s Manufacturing is ensured a successful outcome. Ethical Since a public relations practitioner work is capable of influencing others‚ ethics plays a critical role between the public and the public relations practitioner. Losing the public’s
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CILM Book Review 0834172 IB3A20 Critical Issues in Law and Management Book Review Enron‚ Titanic and The Perfect Storm - Nancy B. Rapoport Student No: 0834172 Word Count: 1500 1 CILM Book Review 0834172 Two years after Enron filed for bankruptcy in 2001‚ Nancy b. Rapoport wrote this essay expressing her unique perspective on the real cause of Enron’s demise. This essay catches the reader’s attention instantly‚ because unlike abundant other articles written on the biggest
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I am applying to be a Tanglewood Public Representative. I am a first-year student at Mount Holyoke College pursuing a Bachelor of Arts degree in Music and International Relations. I learned about this position from Kristie Chan‚ BSO Orchestra Management Assistant. I am very enthusiastic about this opportunity. I have been involved in orchestra management for over five years. I currently serve on the Mount Holyoke Symphony Orchestra Board as a Music Librarian. I ensure that music scores are prepared
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