Enron: Smartest Guys in the Room by Amy Stavely 10 January 2015 Film Assignment Enron: Smartest Guys in the Room Enron is unquestionably the most well known ethical scandal of the business world. The only other scandal that even comes close is the Madoff Investment Scandal in 2008. Enron started out as a natural gas company but along the way added electricity along with pulp and paper to its list of commodities for sale. During it’s years of existence‚ Enron executives Kenneth
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Contents EXECUTIVE SUMMARY 1 INTRODUCTION 3 CHANGES IN REGULATIONS 3 CHALLENGES AND RESPONSIBILITIES 4 RESPONDING TO THE CHANGES 4 Research Studies 4 Response to Surbanes-Oxley Act 5 Response to the European Commission’s proposals 6 Enron Failure 6 Arthur Andersen failure 6 Lehman Brothers failure 6 Ernst & Young failure 7 Detection of fraud 7 Going Concern 7 MINIMISING LITIGATION RISK 7 Obstruction of Justice 8 Consultancy service 8 Conservative Audit 8 Conclusion
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it was concerned with genetic sexual attraction or GSA. The report’s poor ethical standards have attracted widespread criticism‚ including; the omission of relevant available information‚ use of misleading language‚ and the interviewing of children‚ all measures designed to present the story in a particular soft way‚ even though the material is highly controversial and deals with issues of legality and morality. This case study will highlight unethical standards in the report‚ discuss effects on
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However‚ there are still unresolved issues of racism today (such as the recent police cruelty and the United Airlines case)--because the Tuskegee case was an issue of racism as much as it was of an ethical one--so there is a possibility of something like this happening again. Not to mention people’s curiosity is endless as well as their cruelty. - Much of the regulatory apparatus and ethical guidelines surrounding informed consent and medical research on human subjects described in the textbook is a reaction
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Wells Fargo has been in the news lately over ethical allegations that the bank’s employees‚ driven by strict sales quotas‚ regularly opened new accounts for customers without their knowledge. City and federal officials have reached a settlement of at least $150 million with Wells Fargo. The settlement‚ according to documents reviewed by The Times‚ calls for the San Francisco banking giant to pay $50 million in penalties to local officials and to compensate account holders for fees related to bogus
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Robbins and Judge (2013) address three criterion needed for ethical considerations in organizational decision making: outcomes‚ rights‚ and justice. No decision that affects a large population or reason for a company’s existence is easy to make. However‚ decisions framed around ethical considerations prove to be widely-accepted and respected. Corinthian failed to consider the criteria outlined in the text. First‚ ethical decisions need to focus on the outcome of the decision‚ ideally to provide
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Motor Corporation is a Japanese company that manufactures cars and also other vehicles like trucks and busses. It has c Definition of CSR CSR or Corporate Social Responsibility is a self-regulated set of activities which are guided by some ethical and legal principles. Under CSR‚ companies can decide to take up some initiatives that will help them in complying with the legal standards as well as in making a positive contribution to the society. d Driving forces of CSR The driving forces
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Kenneth Lay founded Enron in 1985. Two years after its founding‚ the company becomes embroiled in scandal after two traders begin betting on the oil markets‚ resulting in suspiciously consistent profits. Enron’s CEO‚ Louis Borget‚ is also discovered to be diverting company money to offshore accounts. After auditors uncover their schemes‚ Lay encourages them to "keep making us millions". However‚ the traders are fired after it is revealed that they gambled away Enron’s reserves‚ nearly destroying
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AN OBJECTIVE CASE STUDY FOR NIKE COMPANY Present to The Faculty of the Department of Commerce Raffles International College Ho Chi Minh City In Partial Fulfillment of the Requirements For Management Theory and Application By Vu Nhat Nam (Kelvin) Ho Thanh Chung (Andy) CASE STUDY 1 NIKE COMPANY VU NHAT NAM (KELVIN) HO THANH TRUNG (ANDY) Table of Contents I. Introduction……………………………………………………..pp. 3 II. Objective case question 1 Explain Centralized vs. Decentralized Organizational
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was coined by New York environmentalist Jay Westerveld[3][4][5] in a 1986 essay regarding the hotel industry’s practice of placing placards in each room promoting reuse of towels ostensibly to "save the environment". Westerveld noted that‚ in most cases‚ little or no effort toward waste recycling was being implemented by these institutions‚ due in part to the lack of cost-cutting affected by such practice. Westerveld opined that the actual objective of this "green campaign" on the part of many hoteliers
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