Serge IRAGUHA Business and Society November 25‚ 2012 Ethical Issues in the Collapse of Lehman Brothers Lehman Brothers Holdings Inc. used to trade on the NYSE under the symbol LEH as the fourth largest investment bank in the US. It provided global financial services in investment banking‚ fixed income sales‚ trading US treasury securities‚ investment management‚ private equity‚ and banking. But on September 12‚ 2008 it found itself under financial predicaments when it filed for bankruptcy. With
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Settled a shareholder class-action suit for $457 million. SEC fined ArthurAndersen $7 million. Fun fact: After the scandal‚ new CEO A. Maurice Meyers set up an anonymous company hotline where employees could report dishonest or improper behavior. Enron Scandal (2001) Company: Houston-based commodities‚ energy and service corporation What happened: Shareholders lost $74 billion‚ thousands of employees and investors lost their retirement accounts‚ and many employees lost their jobs. Main players: CEO
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Imperial China Collapses Objectives • List the problems the new Republic of China faced • Trace the rise of communism in China • Describe the civil war between Communists and Nationalists Main Idea: Revolution: After the fall of the Qing dynasty‚ nationalists and Communist movements struggled for power Why it matters Now: The seeds of China’s late-20th century political thought‚ communism were planted at this time Nationalists Overthrow Qing Dynasty • Kuomintang‚ or the Nationalist Party‚ leader
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4.1 Enron Corporation and Anderson‚ LLP ----Analyzing the fall of two Giants This case results in the publishing of Sarbanes-Oxley Act of 2002 and relevant to the Securities and Exchange Commission. Also‚ it is related to SAS 103: Auditing‚ Quality Control‚ and Independence Standards and Rules. [1] What were the business risk Enron faced‚ and how did those risks increase the likelihood if material misstatements in Enron’s financial statements? The business risks Enron faced are as following:
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The collapse of the honeybee population is due to different factors such as the acquired Immune Deficiency Syndrome or cancer‚ and unknown micro-organism affecting the bees. The two main reasons why bees are dying is because of human using harsh chemicals along with other environmental changes. These chemicals are weakening their immune system. Another reason is because of parasites. The parasites first take over the bee’s body. When the bees have their babies‚ the parasite goes into the honeycomb
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Enron: The Smartest Guys in the Room The Enron scandal‚ revealed in October 2001‚ eventually led to the bankruptcy of the Enron Corporation‚ an American energy company based in Houston‚ Texas‚ and the de facto dissolution of Arthur Andersen‚ which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time‚ Enron was attributed as the biggest audit failure. Enron was formed in 1985 by Kenneth
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culture to culture‚ peoples‚ and different contextual situations. Cultural relativism preaches that certain practices are always morally permissible for a culture as long as the members of the culture see it as morally right. For example if a culture has a traditional custom that believes it’s okay for them to eat the bodies of deceased family members than it’s morally permissible because morality isn’t objective for all groups throughout the world and varies throughout. That group that believes
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From 1921 and throughout the 1920’s‚ the Republican party were in power. This period of time was known as the ’roaring twenties’ due to the huge economic growth that America was facing‚ it was by not interfering that the Republican Party achieved this level of success. They believed in a laissez-faire style of government and rugged individualism which meant that they didn’t interfere and thought everyone could succeed in life without their intervention. Many believe that this lack of interference
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I. RESPONSIBLE PARENTHOOD * Ability of couples or parents to respond to the needs and aspiration of the family and children * Accountability for the actions and decisions in raising the children RIGHTS AND DUTIES OF PARENTS * PD. NO.603 article 43.company of their children‚ persons or institutions dealing with the child’s development‚ primary and obligation to provide for their upbringing. * ARTICLE 45.right to discipline a child * GENERAL DUTIES. Parent’s duties to their child:
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University of Phoenix Material Responsible Borrowing Worksheet Many students acquire federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly‚ which may mean that you do not borrow at all or that you borrow only what you truly need. To borrow responsibly‚ you must understand your options and establish a financial plan for your entire program. With that plan in place‚ you can focus on your courses and make connections with instructors
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