While I enjoyed reading the Enron Case Study by Sims and Brinkmann and found it to be extremely informative‚ the movie‚ Enron: The Smartest Guys in the Room‚ provided additional information‚ details‚ and context regarding the individuals‚ decisions‚ and factors that contributed to Enron’s downfall (McLean & Elkind‚ 2003). To begin with‚ the movie delved into Ken Lay and Jeff Skilling’s personal‚ educational‚ and professional background and provided context regarding how their backgrounds influenced
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level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on fixed delivery routes with set prices. Enron Producers Pipeline
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Running head: Ethics and Corporate Responsibility in the Workplace and the World Ethics and Corporate Responsibility in the Workplace and the World Jennifer McDonald Legal 500 Professor KARINA ARZUMANOVA February 22‚ 2015 In ethical analysis‚ a stakeholder is a person or group whose interests will be impacted by actions or decisions by an organization (Halbert & Ingulli‚ 2012). Stakeholders include people who could influence project decisions. They also include people whose
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of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I am going to focus on are listed below. Art Anderson‚ Ken Lay and all of the other executives did a number of unethical things which ultimately brought down Enron and affected thousands of employees and their futures. The bottom line was that each and every one of them acted out of greed for the almighty dollar. 1- Encouraging employees to invest and buy stock in Enron when they knew the truth about the lack
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Real World Ethics‚ What to do? Apple’s Ethical issues in China and South Korea Ryan M. Harmon BUS323: Buiness Ethics Christine Seymour Febuary 3‚ 2013 Abstract The purpose of this study is to expand the boundaries of our knowledge by exploring some relevant facts and figures relating to Apple’s Ethical issues in China and South Korea. During this study well will look at some of Apple’s sucesses and challenges throughout Apple’s history and see how they affect the company’s ability to operate
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Ethics and Corporate Responsibility in the Workplace and the World Ethics and Corporate Responsibility in the Workplace and the World Ethics and corporate responsibility in the workplace and the world is becoming a center of attention. There are many things going on in the workplace that different agencies and people are looking into while placing the blame on the appropriate source. In this paper‚ a scenario is presented. The scenario involved PharmaCARE and its subsidiary‚
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Wk2 Assignment: The Enron and WorldCom Scandals Student Name ACC/260 Date Instructors Name[Page Break] 1. Which segment of its operations got Enron into difficulties? The guaranteed loans that were intended to bridge the financing for investments from outside investors that could not be found would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment
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Ethics and Corporate Responsibility in the Workplace and the World Leslie Wilkins Legal 500 Professor Ewenike August‚ 13‚ 2013 Abstract This paper will examine the ethics of a pharmaceutical company by the name of PharmaCARE. Stakeholders will be discussed‚ and the treatment of rank and file workers versus executives will be analyzed. Also the proposed firing of three of PharmaCare’s workers will be debated. Additionally obligations‚ protection‚ and whistleblowing opportunities will be examined
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Martirosyan Case 1.1 Qt.1 Several parties were responsible for Enron crisis‚ including independent auditor‚ key executive officers‚ internal auditors‚ SEC and FASB. The hypocrisy‚ dishonorable actions and unethical behavior of Kenney Lay‚ Jeffrey Skilling‚ Andrew Fastow led to bankruptcy. This and many other problems‚ such as loss in transactions involving the swaps stocks‚ SPE related issues and est.‚ finally contributed to crisis. As Enron executives‚ all of their concerns should have been focused
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Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by
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