Crooked CEO gets 50 years jail In 2013‚ the founder of Peregrine Financial Group Inc. sentenced 50 years jail for stealing $250 million from investors and hiding his theft around 20 years. The U.S. Attorney Sean R. Berry of the Northern District of Iowa states that‚ for years seemed Russell Wasendorf‚ Sr. was a successful CEO of his own brokerage and respected member of his company‚ supporting local charity‚ and creating jobs. But in reality‚ “he was a con man who built a building on smoke and mirrors”
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The film titled‚ Enron‚ the Smartest Guys in the Room‚ is a phenomenal examination of an organization that in all likelihood started out to perform ethically but‚ after a modification in design and moral decision-making‚ it evolved into an organization based upon greed and performance no matter what cost. Ironically‚ the motto of this company was‚ “ask why” however this is perhaps the sole question that many employees are now asking themselves and should have routinely asked in the years
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The History of Kenneth B. Clark An Introduction to Kenneth B. Clark Kenneth Bancroft Clark was born on July 14th‚ from the country of Panama. His father‚ Arthur Bancroft Clark worked as a manager for the United Fruit Company. His mother was Jamaican-born housewife‚ Miriam Hanson Clark. Despite the comfortable living situation in Panama‚ Kenneth’s mother wanted her family go grow up in the United States‚ where there were more opportunities for her children. Kenneth’s father‚ however
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Kenneth Bianchi and Angelo Buono Jr. Angelo is from Rochester‚new york. He was born in oct-5 1934‚and his family is from Italy.he had a long criminal history before he meet his cousin. He was arrested for assulat rap and grand theft auto. When he was 41 years old he meet his cousin kenneth bianchi. Kenneth bianchi if from Rochester‚new york. He was born in may 22 1955. He was an adopted cousin of buono.kenneth’s job was a security guard at a jewelry store and gave him a chance to steal stuff
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What is the Realist view of Human Nature? It is important to firstly understand all the terms present in this question. Firstly‚ “realist” when a realist is to be defined in international relations we are mainly dealing with someone who advocates for the theory of realism. More over it important to note there are different kinds of realists‚ but they all generally constitute the main idea of realism which is 4 different kinds of realists which are the following: classical realists‚ liberal realists
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Enron: The Smartest Guys in the Room / Lack of Ethics Enron at one time was a Fortune 500 company‚ but in truth it was just a fallacy and a lie for what it truly was‚ an ethically bankrupt company that eventually became a bankrupt company. Henry Taylor‚ a 19th century statesman wrote “Falsehood ceases to be falsehood‚ when the truth is not expected to be spoken”. Enron senior management gets a failing grade on truth and disclosure. The purpose of ethics is to enable recognition of how a particular
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The history of international relations is often traced back to the Peace of Westphalia of 1648‚ where the modern state system was developed. Prior to this‚ the European medieval organization of political authority was based on a vaguely hierarchical religious order. Westphalia instituted the legal concept of sovereignty‚ which essentially meant that rulers‚ or the legitimate sovereigns‚ would recognize no internal equals within a defined territory and no external superiors as the ultimate authority
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Organizational Behavior and the Failure of Enron Germaine Washington LDR/531 February 13‚ 2012 James Kaczynski Organizational Design and the Failure of Enron This is an analysis of how the application of specific organizational-behavior theories could have predicted the failure of Enron. Although there are many types of core topics of organizational behavior‚ the focus of this study will be on how leader behavior and power‚ and motivation contributed to the bankruptcy of Enron. In addition
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Symbolic Frame Wenqian Shao What Happened at Enron What is the purpose to run a company? How to shape the enterprise culture and values directly affects the strategic management decision makers. If enterprise culture management is ultimately determined by enterprise strategy management‚ the decision makers of Enron obviously ignored the rationality of corporate culture management. When talking about the bankruptcy of Enron Corp‚ Welch‚ the former CEO of GM pointed out the Enron’s despise on corporate
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In the case‚ “The Jack Welch Era at General Electric”‚ indicate that during the period of Jack Welch was a CEO at General Electric from 1981 to 2001‚ the company became remarkable profit. Earnings per share rose from $.46 in 1981 to $1.07 in 2001. GE is a company which has a very long history‚ and Jack Welch was the first working-class person that finally became the famous manager in GE history. He changed and built lots of rules to fulfill his ambition to make the company more wealthy such as eliminated
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