The Enron Kaiwing Ho Ethics‚ Governance & Accountability BU.135.301.U2.FA12 Professor Crain November 21‚ 2012 Enron Since Enron Corporation has been bankrupt there were 20‚000 employees lost their jobs‚ medical insurance and average severance pay was only $4500. However‚ the top executives were paid bonuses totaling $55 million. In 2001‚ employees lost $1.2 billion in retirement funds and retirees lost $2 billion in pension funds. Yet‚ Enron’s top executives cashed in $116 million
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wife and children‚ was a company created in 1998 by Enron ’s CFO‚ Andrew Fastow‚ to buy Enron ’s poorly performing stocks and stakes and bolster Enron ’s financial statements. Fastow proposed in October 1999 to Enron ’s finance Board the creation of LJM2 Co-Investment L.P. Fastow would act as general director of a much larger private equity fund that would be funded with $200 million of institutional funds. The question of Fastow’s dual role as Enron ’s CFO and LJM2 ’s general director was not viewed
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DardenBusinessPublishing:210838 UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚
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SOCI 155-101: SOCIAL PROBLEMS I have reviewed the Term Paper Outlines submitted by last week’s deadline. Most of you have been moving along nicely with the work related to the Term Paper and have accumulated a fair proportion of the points available at each stage. I will return your graded Outlines on Tuesday‚ April 15. Corrected Outlines may be turned in April 22 (Optional) to recuperate some of the points that may have been deducted. Outline Corrections will not be accepted after the end of
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Business Ethics Enron Case 1. Using the options market more for gambling purposes to cover loss rather than insurance. The culture was if one of their employees was making a lot of money they didn’t ask questions they didn’t look too deep into where the money was going they eventually gave these people more money to spend and use‚ what they realized later on was that that employee wasn’t very good. They were just lucky one time. They made some losses and had to get that loss back so they put
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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head‚ being knocked to the ground). After concussed‚ a player can be vulnerable to brain damage and can experience physical‚ emotional‚ and cognitive symptoms. Nevertheless‚ the majority of players who have received a concussion can fully recover if given enough time to heal. Though this is known as a fact‚ many people fail to make this a major priority after a player has been concussed. Players who have experienced a concussion should be required to sit out for longer periods of time so it can be assured
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In the common read‚ 101 Things to do Before You Gradate by Patricia Hudak and Jullien Gordon‚ it is filled with many interesting tips that in some way does make sense‚ that we should do all of these things to better our life when we graduate. The many tips should not be a choice but a requirement we‚ as university students should take in to account and do. The book is easy to understand‚ also along with the tip there is a “Getting Started” section‚ that helps you start checking of the list with ease
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ASSIGNMENT 1 Question: What lessons can Zimbabwe learn from Enron? Introduction Enron Corporation was one of the world ’s leading energy companies based in Texas‚ USA. Before filing for bankruptcy in the year 2001‚ Enron employed more than 20‚000 people. Its revenue in the year 2000 was more than $100 billion. It was named as "America ’s most innovative companies for six consecutive years by Fortune. Unethical and illegal business practices at Enron led to the creation of Sarbanes - Oxley
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The Secrets of Being You Natasha Trethewey was born in 1966 in Gulfport‚ Mississippi. Her parents had an interracial marriage and at that point and time in Mississippi it was a crime to have a marriage of such. Natasha feels as if there is “White Lies” about her life in itself. In 2000‚ she wrote “White Lies” which describes her life as she was growing up. She writes three types of poems; Domestic Work‚ Bellocq Ophelia‚ and Native Guard. Trethewey was awarded the 2007 Pulitzer Prize. The narrator
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