Enron was an energy company based in Huston‚ Texas. It was one of the innovative and also one of the seven largest company in the United States in 1990s. It had about 20‚000 employees at that time. The company was making profit from supplying natural gas and electricity until the late 1980s‚ but after that it expanded its operation to the trading of energy related financial products such as derivatives. Enron looked like a great company that makes a lot of profit however‚ in 2001‚ after the firm’s
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Jonathan Drago‚ Annette Englehart‚ Matthew Parks‚ Brandon Wagner Phil 251 Professor Wilson 15 January 2013 Maccabiah Bridge Collapse Recap The Maccabiah bridge collapse occurred on July 14‚ 1997. This tragedy happened in Israel. It took place in the town of Aviv. The bridge collapsed over a large river called the Yarkon River. The bridge was constructed primarily of wood material. Also‚ some of the bridge was assembled of rusty metal pipes that were tied together with wire
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Enron Corruption is defined as dishonest or illegal behavior especially by powerful people (Merriam Webster). There is perhaps no company in our nation’s history that further exemplifies this word than Enron. Enron’s history of fraud‚ laundering‚ and deception is now known world-wide‚ and stands as the lead example for future companies practicing unethical behaviors. Enron’s corrupted culture‚ cultivated by CEO Jeffrey Skilling‚ made some very rich while ultimately leaving thousands in ruin.
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Janette Perez Anthropology November 18‚ 2014 The Collapse of the Maya Civilizations Many believe that the cause for civilizations to collapse throughout the human history of society is due to environmental degradation‚ but there other reasons aside from the environment that also plays an important factor of why civilizations collapses. The collapse of civilizations is more complicated than just believing that is caused by the impact of human careless treatment of the environment. There are many
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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
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E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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In May 2000‚ the National Highway Traffic Safety Administration (NHTSA) in the United States issued a letter to the Ford Motor Co. and Firestone Inc. asking for information about the high incidence of tire failures on the Ford Explorer Sport Utility Vehicles (SUVs). During July‚ Ford analyzed the data on tire failures. The analysis revealed that Firestone Radial 15 inch ATX and ATX II tires produced in North America and Wilderness AT tires produced at Decatur‚ Illinois Plant had very high failure
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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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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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Explain the key reasons for the collapse of the Qing Dynasty. The Qing Dynasty’s collapse was due to three main influences‚ with underlying reasons involved in each. The first being foreign intervention related strongly to militarism‚ gunboat diplomacy‚ imperialism and the rise of unequal treaty systems. The second influence was China’s failure to reform and uprisings‚ such as the boxer rebellion and lastly economic decline. These three factors ultimately resulted in the downfall of the dynasty
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