Abstract Enron became one of the largest natural gas and energy trading companies in the world. During the 90 ’s Enron was considered as an innovative company within the global business market. Enron was known for its unique innovative technologies and distinctive approach to trading in the world of e-commerce. On December 2‚ 2001‚ Enron announced the biggest bankruptcy in history and when many people hear the word‚ Enron they associate it with the one of the most important accounting scandals
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The "Soul" According to Eastern & Western Religions The idea of the soul varies widely in religious tradition. While these variations exist‚ its basic definition is unvarying. The soul can be described as the ultimate internal principle by which we think‚ feel‚ and will‚ and by which our bodies are animated. The soul is seen as the core principle of life or as the essence of a being 1. Views on the permanence of the soul vary throughout religious tradition as well. While some view it as a mortal
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Bridge Failure Studies and Safety Engineering 2.1 HISTORY OF DISASTERS AND SAFETY MANAGEMENT 2.1.1 Unexpected Material Deterioration and Failure Engineering is usually about avoiding failures and investigating why failures occur and ways to fix the problem. There is a need to understand the conditions giving rise to past failures and ways to avoid such failures so that loss of life can be minimized. Historical events and selected case stud-ies demonstrate the causes of
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What Role Does Personal Ethics Play in an Organization In late 2001‚ the United States economy experienced a shock as Enron‚ the country’s 7th largest corporation‚ declared bankruptcy. Many people lost their jobs‚ and even more investors lost billions of stock dollars as shares collapsed. As the rubble was removed‚ many signs of unethical acts surfaced‚ and were found to be carried out by some of the principal parties in the company. This debacle not only affected the employees and investors
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charges relating to the Enron scandal. Although Arthur Andersen still technically exists as a company‚ and despite the verdict in relation to the criminal charges being overturned by the US Supreme Court‚ Arthur Andersen has arguably suffered too great a level of damage to its reputation to immediately return to its former position. Most analysts now speak of a ’Big 4 ’ following the troubles that hit Arthur Andersen. Arthur Andersen was essentially brought down by the Enron scandal‚ which erupted
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Enron Questionable Transactions Question 1 The question which segment of its operations got Enron into difficulties is simple to answer‚ everything. Almost every all segments of their operation were improper. First of all‚ they practice unethical and dishonest practices which victimized workers‚ consumers‚ taxpayers and stockholders. Enron created partnerships within their own organization which led to them creating new financial instruments‚ called SPE’s (special purpose entities) which was
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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 site in the world. About 90 per cent of its income eventually came from trades over Enron Online. Growth for Enron was rapid.In 2000‚ the company’s annual revenue reached$100 billion US. Itranked as the seventh-largest
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EASTERN AND WESTERN PHILOSOPHY The subject of philosophy has always been divided along two lines of thinking – the eastern and the western. Though each line is concerned with finding the right path to follow‚ the methodology and teachings of the philosophers from either line of thinking has been distinct and different. This paper aims to examine the ideas of one eastern and one western philosopher – Confucius and Socrates respectively and compare the two for similarities and differences. One
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Case Study Eastern Electronic‚ inc. Selecting a Program Manager The following Case study deals with a problematic situation within a company‚ named Eastern Electronic inc. Since the company developed a new BAT program‚ the need for a new Program Manager emerges. This case study will firstly illustrate the needed skills and properties the Program Manager Job requires. Afterwards‚ this paper will compare the skills and properties of the two perspective Job candidates and recommend a decision
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------------------------------------------------- Brooklyn Bridge This essay introduces the Brooklyn Bridge. The Bridge is located in America over the East river; the nearest city to the bridge is New York and Manhattan‚ Brooklyn. After 60 years of political‚ financial and technical discussions to start the construction of the Brooklyn Bridge it was approved. The Bill to start construction was signed in 1869 by the New York Bridge company president‚ Ulysses S Grant. The cost of the original
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