Enron: Questionable Accounting Leads to Collapse The Enron Corporation was established by integrating two major gas pipelines in 1985. The Company provided products and services related to natural gas‚ electricity‚ and communications and it was one of the world’s leading organizations at these sectors with claimed revenues of nearly $101 billion in 2000. Throughout the 1990s‚ Chair Ken Lay‚ chief executive officer Jeffrey Skilling and chief financial official officer Andrew Fastow transformed
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After hearing bits and pieces about the “Enron scandal” over the years‚ it was interesting to learn about what specifically happened to the global giant company and how it reached its demise in the early 2000s. It seems as though Enron’s downfall had largely to do with the corporate culture instilled within the company from its inception in 1984. The idea of “get big fast” encouraged employees to do whatever they deemed necessary to drive earnings‚ even if it meant leaving ethics at the door. The
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For over a century‚ photography has been an important way of visual activism‚ and resistance to societal norms. The first photograph is from W.E.B. DuBois’ collection of the “American Negro” exhibit at the 1900 Paris Exposition. The second photography is from Zanele Muholi’s collection‚ titled Zukiswa from her black and white portraits of 2010. The critical visual traditions that are represented throughout both of these pieces of photography are meant to respond to acts of violence and dehumanization
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O. Henry Unpredictability is a coveted aspect in any author’s work. No matter how action-packed or descriptive a writer is‚ without a touch of surprise‚ his work is useless. This was no problem for O. Henry. The famous short story author’s intimate relationship with erratic plot twists came from the roller coaster of a life he led. His twist endings combined in his stories with clever‚ lighthearted irony that brought humor to otherwise not as humorous topics. This sense of humor was ever constant
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Art and the Bronco summary O. Henry’s "Art and the Bronco" tells the story of Lonny Briscoe‚ a cowboy who is also an aspiring artist. It follows his quest to sell his first painting to the state legislature; to have it hung in the capital building. Lonny sees the sale of the painting as validation of his talent and worth as a painter. What he ends up learning is that the actual value of the painting turns out to be secondary to what other feel they can gain from it. The story takes place
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CASE 3 Enron: Questionable Accounting Leads to Collapse Once upon a time‚ there was a gleaming headquarters office tower in Houston‚ with a giant Tilted ―E‖ in front‚ slowly revolving in the Texas sun. Enron‘s suggested to Chinese feng shui practitioner Meihwa Lin a model of instability‚ which was perhaps an omen of things to come. The Enron Corporation‚ which once ranked among the top Fortune 500 companies‚ collapsed in 2001 under a mountain of debt that had been concealed through a complex scheme
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` Enron: The Smartest Guys in the Room The movie‚ Enron: The Smartest Guys in the Room‚ is a classic story about corporate America’s greed an deceit that was discovered after the demise of Enron. The collapse of Enron was one of the largest bankruptcy in history and the movie captures the culture of money and politics involved in big American corporations. The film did a very good job portraying the culture that allowed Enron to become one of the largest corporations in America while
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The 60’s was a time of social injustice‚ political protests over Vietnam‚ and the deliberation of powers. Socially the United States was in a terrible place. Since the Jim Crow laws were set put in place the constitution the country had been divided. When the civil rights movements started to move it brought social injustice to light (eldorado ink 15). Leaders in the civil rights movements included Martin Luther King‚ John F. Kennedy‚ and Malcolm X. These leaders were speaking out publicly and giving
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Grainger SWOT Analysis Overview W.W. Grainger‚ Inc (GNG) was incorporated Illinois in 1928and sells a broad product line of maintenance‚ repair and operating (MRO) supplies. It sells to both retail customers‚ and businesses & institutions across United States & Canada. Over the last decade and half the company has extended its network in European Union & Eastern European countries‚ Latin America‚ and Asia. (W.W Grainger‚ 2017) GNG uses a combination of single channel and multi-channel strategy
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this paper is consider three possible rationales for why Enron collapsed—that key individuals were flawed‚ that the organization was flawed‚ and that some factors larger than the organization (e.g.‚ a trend toward deregulation) led to Enron’s collapse. In viewing “Enron: The Smartest Guys in the Room” it was clear that all three of these flaws contributed to the demise of Enron‚ but it was the synergy of their combination that truly let Enron to its ultimate path of destruction. As in any organization
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