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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What is the global financial crisis‚ and who is it a crisis for? 1.0 Introduction The global financial crisis broke out in 2008 was most serious since the 1930s‚ it deeply affected various aspects and brought significant losses. Analyzing what is the global financial crisis‚ and who it is the crisis for has a important practical significance. 2.0 Causes Reasons for the outbreak of the global financial crisis are reflected in the following aspects. 2.1 Real estate bubble The global financial
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‘An accidental universe is as likely as a created one.’ Discuss Stephen Hawking‚ one of the World’s leading scientists‚ released a new book in 2010 called‚ ‘The Grand Design.’ He and his co-author‚ Leonard Mlodinow‚ stated that‚ ‘you don’t need God to create the universe because the laws of gravity and a certain version of quantum physics suffice to make it inevitable that the universe will create itself‚ out of nothing‚ in an infinite variety of forms; and given an infinite variety of forms‚ a
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Enron scandal Enron shocked the world from being “America’s most innovative company” to America’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America’s seventh largest corporation.From the 1990’s until the fall of 2001‚ Enron was famous throughout the business world and was known as an innovator‚ technology powerhouse‚ and a corporation with no fear. The sudden fall of Enron in the end of 2001 shattered not just the business world but also the lives of their employees. Enron
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Official statistics are published by the Home Office regarding the number of different types of crimes committed and the backgrounds of those responsible. Official statistics are published annually and are used to compare the difference in crime year by year‚ from this government policies are revised and adjusted where they see fit. Some sociologists see the statistics as an invaluable source of information whereas others question their accuracy. Positivists and Functionalists have taken official
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The Enron Collapse By: Jeff Porter Kevin Clark Jared Sabelhaus February 18‚ 2005 Introduction Companies have mission statements that often read like inspirational leaflets. Enron’s mission was at first to be the world’s greatest energy company then later revised in early 2001 to be the “world’s greatest company”. In the late 1990’s‚ Enron seemed to have accomplished their mission accumulating vast amounts of assets‚ had the intellectually elite at the helm‚ a political climate in their
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A whistleblower is a person who tells the public or someone in authority about alleged dishonest or illegal activities. However‚ Sharron Watkins only blew the whistle internally and so did not do everything she was morally required do as Vice President of Corporate Development for Enron. 1. Sharron Watkins ignored the first signs of fraud in a selfish pursuit to develop her own career. When first warning signs of fraud happened in 1996 Watkins protested against them to higher management however
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Parmalat It has been named as “Europe’s Enron” – the legend that took down Italy’s milk selling company Parmalat and its controlling executives‚ American banks‚ audit firms‚ even politicians and 130‚000 of its helpless small shareholders after the discovery in the year 2003 of the $14 Billion black hole in the company’s finances. The company’s fraud was uncovered when the company failed to pay the cash to the bondholders. Summary: This discovery led to eight years of court cases in Europe
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Intro: To get farther in life‚ you must overcome the impossible. But what is the defintion of impossible in your stand point? The only thing that is standing between you and the impossible is fear. How do you overcome fear? Confidence. Confidence is the most important key to being succesful thoughout life and you will need it to overcome the challenges you face throughout it. People who lack confidence will never be where they want to be in life‚ and will always have to sit back and watch others
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this statement. This was said by the one Who proudly declared himself as a “lone wolf”.He’s the fuzzy haired guy in 1925! He’s the genius who unlocked the secrets of the universe! He’s also a great peacemaker! Good morning respected sir and fellow students‚ I’m going to talk about the amazing Albert Einstein. Albert Einstein was born in Ulm‚ Germany on March 14‚ 1869. He is known as one of the greatest scientists who has ever lived. BUT‚ he never spoke a word‚ even when he was three! His parents
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