Enron‚ board governance and moral failings Gerald Zandstra Gerald Zandstra is Director of Programs at the Acton Institute for the Study of Religion and Liberty‚ Michigan‚ USA. Keywords Directors‚ Ethics‚ Responsibility‚ Corporate governance Abstract The failure of the Enron Corporation has brought attention to the roles played by the chief executive officer and other executives of the modern corporation. Its failure has also produced discussion of further regulations that will‚ it is hoped‚
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of Enron were the large number of highly complex accounting entries. For example energy traders were required to book all the projected profits from a supply contract in the quarter in which the deal is made. Such accounting procedures are inherently risky as they make assumptions about price forecasts which can drastically affect earnings. Another inherent risk factor is the frequency of related party transactions. The special purpose entities Enron was trading with were created by Enron and
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Enron – The Ken Lay Indictment Questions/Answers for Discussion: 1. Is there sufficient evidence of fraudulent intent to convict Ken Lay for stock manipulation "beyond a reasonable doubt"? Why or why not? If we are answering the question with the given facts presented in this case study‚ there are only allegations. To convict Ken Lay for stock manipulation ’beyond a reasonable doubt’ means that a trial must happen and both sides: Prosecutor and Defense will present a case to convince the jurors
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Alabama. They (Henry‚ Emanuel and Mayer Lehman) founded the Lehman Brothers which prospered and grew over the years‚ and grew strong over difficulties bankruptcy‚ wars‚ capital shortage‚ capital management collapse‚ and debt default. They survived it all. However‚ the U.S. housing market collapse brought them down. Their involvement in subprime mortgage market was their mistake for the taking. During 2003 and 2004‚ the U.S. housing boomed‚ and Lehman acquired five mortgage lenders two subprime lenders
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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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Protostar This is the stage in which the star begins to form after the collapse of the interstellar cloud. It happens in small molecular clouds that can be referred to as dense cores. In the beginning the dense core has a level of balance between its own gravitational forces (self-gravity)‚ and both the magnetic pressure‚ and gas pressure. The self-gravity acts to compress the dense core‚ while the gas‚ and magnetic pressures act to inflate it. The core’s self-gravity will eventually overwhelm it
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Introduction: The Nigerian Barge Deal Enron Corporation was an energy company based in Texas and created when InterNorth acquired Houston Natural Gas Company in 1985. Enron’s growth was fast‚ it was named \America’s Most Innovative Company" for six consecutive years and it soon became the seventh largest company in the United States‚ until its bankruptcy was declared in 2001. Accounting fraud‚ money laundering and conspiracy are some of the charges which Enron stood accused of in a series of scandals
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Lead (Pb) Uptake of Hydrophytic Plants Collected near Mining sites in Rosario Agusan del Sur: Implication on Environment Clean-up of Water Contaminated with Lead (Pb) Submitted as an Entry to the 2012 National Science Congress Cluster II‚ Physical Science Team *Kimberly M. Ohiman Hanna R. Betonio John Weldec B. Cabuyoc Researchers Ms. Julie Ann M. Bonsubre Research Adviser Agusan del Sur National High School Brgy. 5‚ San Franciso Agusan del Sur ABSTRACT
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Enron‚ the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people‚ and in reality it is a tragedy. Enron made their stock sky rocket through unethical means‚ and in reality this company kept losing money. The primary value operating among the traders was greed‚ money‚ and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunity
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Summary Lead ___The summary lead is the most traditional lead in a journalism article. It is to the point and factual. It’s meant to give a reader a quick summary of the story in as few words as possible (should be 30 words or less)‚ usually in one sentence. It contains the essence of the story (i.e. the most important‚ but not necessarily all‚ of the 5 Ws and H -- who‚ what‚ when‚ where‚ why and how). It cites the source of any opinions. ___For example‚ I frequently used this approach when I
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