Answer the following questions based on the film Enron: The Smartest Guys in the Room (2005). 1. (a) Describe the ownership structure at Enron. (b) How did the ownership structure contribute to the Enron scandal? (15 points) When Enron became a publicly traded company‚ the employees and executives had more incentive to manipulate earnings and financials. With the shift in structure‚ there were more external stakeholders to satisfy‚ which caused the company to focus on short-term results‚
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Research Essay Energy Crisis Fossil fuels and Nuclear power plants are extremely dangerous to the environment. They pollute the very atmosphere we breathe and they’re extremely expensive. It emits large amounts of toxins and carbon dioxide into the air‚ not only hurting humans but also the crops we grow. They also assist the cause global warming. “A catastrophic human’s effect of burning fossil fuels and nuclear waste is global warming. They emit carbon dioxide and other greenhouse gases‚ which
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Crisis theory is a debate within the Marxian theory of political economy. It is concerned with explaining the business cycle in capitalism‚ particularly recession‚ drawing on Karl Marx’s account of value relations. Marx believed he had provided a comprehensive account of the inner dynamics of capitalist social organization. According to those who understand him to have offered a complete crisis theory‚ Marx demonstrated that the particular form social investment takes under capitalism‚ c:v (constant
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(Definition)-Financial crisis The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries‚ many financial crises were associated with banking panics‚ and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles‚ currency crises‚ and sovereign
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The Crisis in Syria Since the early spring of 2011‚ Syria has be enveloped by a bloody and violent civil war that has cost the lives of over 100‚000 civilians and over 1 million people have had to flee to neighboring countries such as Jordan and Turkey(http://syriahr.com/en/). With so much bloodshed and continuing escalation in the conflict‚ many in the international community believe that this war could last many more years or even decades. As we will see the conflict that stemmed in March of
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February 22‚ 2013 The Nullification Crisis The Nullification Crisis was a revolt by the citizens against Andrew Jackson and the Union‚ whereby they sought liberty and the state of being free‚ including various social‚ political‚ and economic privileges. This attempt to revolt against Jackson failed‚ and their seceding from the country was not granted. In these efforts to secede‚ they sought liberty and worked together as a state to gain what they believed to be free and include various privileges
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How did the corporate culture of Enron contribute to its Bankruptcy? Once a sound company listed in fortune 500‚ Enron‚ lead to downfall because of deceptive accounting system incorporated within the organization. Enron’s dubicious finance finally collapsed in Dec 2‚ 2001 as it filed Bankruptcy in New York Bankruptcy court. The corporate culture of Enron focused on financial performance neglecting the stakeholder’s value .The relentless emphasis on the importance of the shareholder’s value created
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Sport Confidence According to Bandura and Vealey Aaron Creed Kinesiology 339I 2/21/2011 Sport Confidence According to Bandura and Vealey In any sport‚ an athlete’s performance and success can be directly linked to two major aspects‚ his physical aptitude‚ and his mental readiness. It is common knowledge that athletics involve physical ability and those with the most physical gifts tend to outperform those without them. But look a little deeper and you find that behind the brawn and power
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CNG crisis in Pakistan Pakistani Government receives commission on buying petrol. Therefore‚ it creates an artificial CNG crisis to increase petrol consumption‚ which consequently results in increase of commission. Most vehicles in Pakistan run on CNG nowadays. Pakistan has the greatest number of CNG refill stations and CNG vehicles. But today‚ Pakistan is facing CNG crisis. In Pakistan‚ the greatest amount of CNG is used in the Punjab province‚ which is the country’s largest province with respect
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Enron: What Caused the Ethical Collapse? Andrew Rumsey Post University Enron: What Caused the Ethical Collapse? Enron‚ a Texas based energy company‚ has improved the way that electricity and natural gas is purchased ever since its inception in 1985 when its owner‚ Kenneth Lay‚ merged his original company called InterNorth with Houston Natural Gas Company. In addition to this‚ Enron’s growth was attributed to not only the U.S. congress deregulating the sale of natural gas but its selling of electricity
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