Enron Corporation (former NYSE ticker symbol ENE) was an American energy‚ commodities‚ and services company based in Houston‚ Texas. Before its bankruptcy on December 2‚ 2001‚ Enron employed approximately 20‚000 staff and was one of the world’s major electricity‚ natural gas‚ communications‚ and pulp and paper companies‚ with claimed revenues of nearly $101 billion during 2000.[1] Fortune named Enron "America’s Most Innovative Company" for six consecutive years. At the end of 2001‚ it was revealed
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“A white paper is a government report outlining policy or authoritative report on a major issue. White papers discuss a specific business issue‚ product‚ or competitive situation.” The Aftermath Affects On December 2‚ 2001‚ Enron filled for bankruptcy under chapter 11 of the US 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
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The Enron Kaiwing Ho Ethics‚ Governance & Accountability BU.135.301.U2.FA12 Professor Crain November 21‚ 2012 Enron Since Enron Corporation has been bankrupt there were 20‚000 employees lost their jobs‚ medical insurance and average severance pay was only $4500. However‚ the top executives were paid bonuses totaling $55 million. In 2001‚ employees lost $1.2 billion in retirement funds and retirees lost $2 billion in pension funds. Yet‚ Enron’s top executives cashed in $116 million
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The church believes in the two natures Jesus. Firstly‚ he was a man and therefore succumbed to the nature of a human being. He had a human body‚ human emotions‚ a human mind and a human will. He was subjected to pain‚ sorrow‚ and accumulation of wisdom and is submissive to God like all humans should be. This allows us to come to understand Jesus as one among us and assimilate with him and trust in him to guide us. Matthew 4:1-25 shows clearly all the points above with him being tempted but resisted
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Michael E. Castillo Armstrong Rhet/Comp II October 1‚ 2014 Human Nature Critique In his article‚ "Human Nature"‚ investigative historian Mark Dowie argues the fact that people’s ideas of what nature and wilderness completely invalidate the true meaning of what nature really is. His main claim is that the western way of thinking about wilderness and nature as separate from humanity has led to environmental destruction and ethnic cleansing. In the beginning of the article‚ Dowie introduces
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Natural Gas‚ became CEO‚ and the next year won the 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. It ranked as the seventh-largest
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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for how human beings should live in society. According to Hobbes‚ human nature is inherently violent and filled with fear. Hobbes argues that human beings are never satisfied with any amount of power which causes a constant power struggle between human beings. For as long as modern human beings have been around‚ our species has almost always been at war or some kind of struggle with ne another. Human beings often strive for the same end result‚ whether it be food or shelter‚ which puts human beings
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Thomas Hobbes believes that humans are born equal. He means the bodies and minds of newborn people are of equal ability. One person sometimes becomes stronger in body or quicker in mind than another. When one becomes stronger in body‚ the person can claim he is better than another is. This causes other people around him to become threatened and jealous by the stronger person. People are more equal when it come to wisdom of the mind‚ because almost all people think they have more wisdom than
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Business Ethics Enron Case 1. Using the options market more for gambling purposes to cover loss rather than insurance. The culture was if one of their employees was making a lot of money they didn’t ask questions they didn’t look too deep into where the money was going they eventually gave these people more money to spend and use‚ what they realized later on was that that employee wasn’t very good. They were just lucky one time. They made some losses and had to get that loss back so they put
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