Natural Gas‚became CEO‚ and the next year wonthe post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business site in the world. About 90 per cent of its income eventually came from trades over Enron Online. Growth for Enron was rapid.In 2000‚ the company’s annual revenue reached$100 billion US. Itranked as the seventh-largest
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Enron – The Ken Lay Indictment Questions/Answers for Discussion: 1. Is there sufficient evidence of fraudulent intent to convict Ken Lay for stock manipulation "beyond a reasonable doubt"? Why or why not? If we are answering the question with the given facts presented in this case study‚ there are only allegations. To convict Ken Lay for stock manipulation ’beyond a reasonable doubt’ means that a trial must happen and both sides: Prosecutor and Defense will present a case to convince the jurors
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WORK BREAKDOWN STRUCTURE Work breakdown structure is used to break the whole project into small work categories. It will help to well plan the project and complete the project easily and successfully. Therefore the work breakdown structure is very helpful to complete the proposed project successfully. And also this work breakdown structure helps to complete the project step by step. Work breakdown structure for this proposed business is as follow • Acquiring funds • Get the legal permission
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Running head: WORK BREAKDOWN STRUCTURE Work Breakdown Structure Clarita Vaughn IP2 6/21/09 Work Breakdown Structure I’m currently planning a great family vacation for the Vaughn family. They are planning to travel to Orlando‚ Florida in July. I will present the family with the work breakdown structure (WBS). The WBS is the tool I will use to define and group the project’s task in a way that help keeps it organized. Once reviewing this part of my project and their trip they will
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Emergency Breakdown? Don’t Just Leave Your Car Out There An accident can happen to anyone‚ accidentally or unintentionally. This means that no matter how careful you are on the road‚ you can still experience an unfortunate incident while driving on Brisbane’s highways or city roads. This includes an emergency vehicle breakdown. While the first thing you might want to do is to get out of the car right away‚ do not fall into this temptation. Not only will you put your car automobile at risk of an
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Case 9 Enron: Questionable Accounting Leads to Collapse How did the corporate culture of Enron contribute to its bankruptcy? The corporate culture at Enron was centered on a twisted lack of ethical behavior based on greed and profit seeking. Top management set a tone in the workplace that encouraged risk and rule breaking in the name of revenue. Employees were compensated for unethical behavior that brought money into the company and terminated if they did not reach the monetary levels of
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Enron was an energy company based in Huston‚ Texas. It was one of the innovative and also one of the seven largest company in the United States in 1990s. It had about 20‚000 employees at that time. The company was making profit from supplying natural gas and electricity until the late 1980s‚ but after that it expanded its operation to the trading of energy related financial products such as derivatives. Enron looked like a great company that makes a lot of profit however‚ in 2001‚ after the firm’s
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Case Study One: Enron Corporation Richa Chopra Kaplan University Case Study One: Enron Corporation The Enron debacle created what one public official reported was a "crisis of confidence" on the part of the public in the accounting profession. Lists the parties who you believe are most responsible for the crisis. Briefly justify each of your choices. Enron proves to be a classic example of all that glitters is not gold. In 2001‚ Enron was hailed as America’s most innovative company and its
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1. The Enron executive team including Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow and other executives‚ were the key players in the crisis. The business practices they used when creating hundreds of SPE’s and diverting large amounts of liabilities to those off-balance sheet entities. Enron was aware of the minimal accounting guidelines for SPE’s and used them to their advantage. To create such a complex “paper” structure‚ the executives had to have coordinate their plans with the accountants
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I have witnessed a communication breakdown between two individuals‚ that ended up in a conflict‚ during the disaster of Katrina. All the “A” team was called in at 0730 and met in the medical intensive care unit (MICU) to relieve all the “B” team nurses for nights and days‚ so they could go home and be available to relieve the “A” team‚ after the alert had been lifted. All the extra unscheduled “A” team nurses pitched in to help their team members. However‚ one “A” team member‚ Janet‚ decided to go
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