Q1- Who were the key stakeholders involved in‚ or affected by the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Ans- The key stakeholders affected by the collapse of Enron were its employees and retirees. Stakeholders and mutual funds investors lost $ 70billion market value. Banks were also affected by the meltdown of the company. They included big banks like J P Morgan Chase and Citigroup. Not only the stakeholder and bondholder lose out
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or affected by‚ the collapse of Enron? All stakeholders were‚ obviously‚ affected by the collapse of Enron. However‚ several of them were critical‚ especially those being considered as market stakeholders such as suppliers‚ creditors‚ employees‚ and stockholders. These mentioned stakeholders seem to be Enron’s most recognizable as the essential contributors to its organization. They dared of giving up an available alternative in order to take a risk with Enron in hoping of some benefits in return
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At one time Enron was one of the world’s largest producers of natural gas‚ oil‚ and electricity. It also appeared to be one of the most profitable companies‚ taking shareholders from $19.10 in 1999 to $90.80 by the end of 2000. Enron’s top management answered to a Board of Directors whose responsibility was to question and challenge new partnerships‚ ventures‚ and decisions within the company. On several occasions‚ Andrew Fastow‚ the company’s Chief Financial Officer approached the board of
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Week Three Learning Team Reflection Why and how do we conduct business research? This week in Business Research topics were the purpose of business research; developing appropriate research questions and hypothesis‚ and identifying dependent and independent variables. Week three has given us a better understanding of how to conduct business research. There are several purposes for business research. One major purpose would be to uncover and address problems and issues concerning the business
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Reflection #7 Ghost of Abu Ghraib Filmmaker Rory Kennedy takes us thru a firsthand accord of Abu-Ghraib‚ a prison where Saddam Hussein housed his prisoners but during the Iraqi war U.S soldiers took hold of this prison using it as their own prison for suspected terrorist and people they believed to be aiding terrorist. However what went on behind the walls of this prison was nothing less than admiral behavior‚ on the part of the soldiers. Prisoners were abused‚ humiliated and treated as if
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Jose Rizal “Mabuhay ang Pilipinas!”‚ after watching Jose Rizal the Movie‚ these are the words that wanted to find its way out into my mouth. Words that wanted to travel beyond distance and beyond boundaries that would defy ages to finally find a resonating voice that sent earthquake to the stoned floor of the holy temple of God that sheltered fiends who clothed themselves in white and who spoke His words with fluency but undoubtedly knew nothing of His language. I could not say it better‚ as a
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English Reading August 8‚ 2012 1-C A Reflection on the Folktale “How the Moon and the Stars came to be” This story‚ is a folktale in the mute area in Bukidnon. This story took place in an unknown area in Bukidnon but the story was said famous. The story talks about how the moon and the stars began when a Bukidnon Spinster began her work. The sky was said that it was low at that time. So she took off her beads around the neck (necklace) and her comb and put them in the sky
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to do with the meltdown at Enron had no ethical standards. Enron had a lack of accounting transparency‚ which enabled the company’s managers to make their financials look much better than they actually were. I believe that Kenneth Lay got rid of several million shares of Enron stock and made over a billion dollars. While the Enron employees lost their jobs‚ the money in their pension funds as well as any money they invested into the company. Not only did Enron damage the lives of their employees
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Learning Team A Week One Reflection ACC/422 Monday‚ April 8‚ 2013 Lisa A. Foy Learning Team A Week One Reflection The object of the reflection for this week is to discuss the objectives for Week One and their relation to the importance of the balance sheet to internal and external users. The objectives discussed by Learning Team A are the components of cash and cash equivalents‚ and the comparison and contrast of different inventory cost flow assumptions and how they are valued. The internal
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. a. Kenneth Lay‚ Jeffrey Skilling‚ and Andrew Fastow. A common theme of the allegations leveled at the three executives was that they had created a corporate culture that fostered‚ if not encouraged‚ “rule breaking”. b. Andersen
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