UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚ a utility servicing the Pacific Northwest
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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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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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kids to work at a richer facility‚ they wouldn’t have won the state championship‚ so that is why the message is to never give up on a team or on any task. 3. No I understood all of the film‚ and I wasn’t confused at any part. 4. The best part about the movie‚ was when the team won the state championship‚ because it proved to all the other schools in the district that they were more than just a poor farming group. 5. I didn’t like the part
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Snow blowers have changed very little over the last fifty years. Perhaps the most notable innovation is the creation of electric models. These plug-in snow blowers are easier to use and smaller than conventional gas blowers‚ but aren’t right for everyone. Electric snow blowers run entirely on electricity from a power outlet. People like them because you don’t have to worry about running out of gas and there is no oil to change. They start with a push of a button- no need to yank a starter cord!
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In the article‚ “It Didn’t Happen at School‚ but...” by Larry Magid‚ he discusses the misconduct that students can create on the internet with a didactic tone‚ in which he provides alternative ways to discipline the students’ inappropriate behavior for school officials. For example‚ school administrators have been punishing students “[b]ased upon words alone” (27) on the internet‚ which is unfair towards students’ expression. In order to resolve this issue‚ Magid states that “If school officials
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Whistle blowing is informing on illegal and unethical practices in the workplace. It is becoming increasingly common as employees speak out about their ethical concerns at work. It can have disastrous consequences for the individual‚ as well as threatening the survival of the organization that is being complained about. In this issue‚ philosopher Sissela Bok asserts that although blowing the whistle is often justified‚ it does involve dissent‚ accusations‚ and a breach of loyalty to the employer
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June 2008 Whistle-blowing in the workplace: Do we stand by and allow business corruption as usual or prepare to take a fall for something? It sometimes requires uncommon courage‚ as whistle-blowing in the workplace is not so easy to do. What motivates you? Is it revenge‚ ethics or a combination? To take a closer look‚ let’s consider what is whistle blowing and explore a few conditions used to justify whistle-blowing‚ and concluded with how companies can benefit from a whistle-blowing policy
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Is Whistle-blowing Good for an Organization or Not? This paper will explore whistle-blowing by giving a definition‚ a brief history of a couple of famous whistle-blowers‚ and how whistle-blowers have a positive effect in today’s business. Origins of the Whistle-blower: “The term whistleblower derives from the practice of English Bobbies (police officers) who would blow their whistle when they noticed the commission of a crime. The blowing of the whistle would alert both law enforcement
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The Enron scandal A brief on Enron’s history Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In the early 1990s‚ he helped to initiate the selling of electricity at market prices‚ The resulting markets made it possible for traders such as Enron to sell energy at higher prices‚ thereby significantly increasing its revenue. As Enron became the largest seller of natural gas in North America by 1992‚ Enron pursued a diversification strategy
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