Many have heard of the Enron Scandal of 2001. A scandal‚ by definition‚ is an event that involves allegations of wrongdoing‚ disgrace‚ or moral outrage. In other words‚ a scandal is caused by shortcomings in ethics. Enron’s Ken Lay‚ Jeffrey Skilling and Andrew Fastow each engaged in unethical practices in their various leadership positions at Enron and caused thousands of Enron employees and investors to lose their savings. (Smartest) Kenneth Lay showed all the signs of a transformational
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Comprehensive Case 1.1 Enron 1. There were several parties responsible for the "crisis of confidence" created by the Enron debacle. Enron’s executives were responsible for their behavior in trying to adjust their financial statements. Andersen’s auditors were responsible for not doing their jobs with integrity and not keeping their independence in from Enron. Regulatory groups were responsible for making
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that happens and what is the result and perception of reporting or not reporting crime. Crime statistics are recorded centrally through a Government body called the Official Crime Statistics or OCS. Figures for crime are collated through a number of sources. The Chief Constables Annual report and the British Crime survey two examples but there are other recording bodies. Crime is reported through the Police‚ the Court service‚ by self reporting individuals and in some way by what is referred to as
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YOLO: A Confidence Booster Every now and then‚ a bit of slang comes along that draws a bold line between old and young. Today‚ that term is YOLO. If you’re over 25‚ the phrase probably means nothing to you and if you’re under 25 then you are probably either sick of the four word acronym or using it in anyway possible. YOLO is a phrase that means “you only live once” that shot to fame earlier in 2012 when the rapper Drake featured it in the hook of his song “The Motto”. According to Urban Dictionary
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criminological theory. The article chosen is ‘Girl in critical condition after fire that killed mother and siblings’. The writer of the article describes the events of a suspected arson attack that killed five members of the family after their home was set alight. The article then mentions another suspected arson incident that caused damage to a car belonging to a family living opposite the victims‚ which appears to have been set alight at the same time (The Guardian‚ 2012). The theory that will be
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Confidence vs. Arrogance Difference between confidence and arrogance: Many people have heard of the fine line that comes between confidence and arrogance. It’s a line that one needs to understand and gain deeper knowledge of‚ in order to prevent them from crossing. Although people may describe themselves as confident‚ their actions are what determine which trait they really possess. These two traits mask themselves with outward appearances leaving the perceptions of others distorted from the
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CASE STUDY: CORPORATE GOVERNANCE AND THE FALL OF ENRON Introduction to the Enron Case Enron was one of the world’s leading energy traders born from deregulation of these markets in certain US states. It rapidly grew and the world followed suit. It was nominated ‘World’s Most Innovative Large Corporation’ six years in row and valued at 64 times its earnings and 6 times its book value. It had one of the highest paid CEOs in the world in 2000. It led an aggressive and apparently effective expansion
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management of Enron including Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow. These managers created a tone at the top of Enron that allowed and encouraged accounting that mislead investors. The audit team at Anderson and especially David Duncan the lead partner for Enron’s audit holds responsibility. Anderson was negligent in finding problematic accounting used by Enron. In addition‚ Anderson made millions on consulting services provide to Enron which makes their independence for Enron come into
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Cold War Essay What do you think the Cold War is/was? Was it a war between communism and democracy? Well the Cold War was a war between the United States and the Soviet Union‚ the Soviet Union wanted to spread communism while the United States wanted to spread democracy. The Cold War was called Cold because there was not direct fighting between the two countries the Soviet Union and the United States. The two countries only fought proxy wars against each other‚ the definition for a proxy war
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Was the fiscal crisis unequivocally Greece’s fault? To blame the whole eurozone fiscal crisis on the Greek economy would be a mistake‚ nonetheless it had a major role in the magnitude of the situation by emphasizing the weight and importance of this crisis. The understatement of the gravity of their public debt came up when the global financial crisis started in 2008‚ at that point the greek economy started to crash having a snow ball effect on the rest of the zone. The weight of Greece on the
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