bankruptcy in 2001‚ Nancy b. Rapoport wrote this essay expressing her unique perspective on the real cause of Enron’s demise. This essay catches the reader’s attention instantly‚ because unlike abundant other articles written on the biggest corporate scandal in American history‚ the author here rejects Jeff Skilling’s (former president of Enron) argument1 of what brought about Enron’s downfall. She instead uses another metaphor‚ arguing that Enron’s downfall was more like Titanic’s- hubris and over reliance
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league’s Chairman and Commissioner. It is currently contested by nine teams‚ consisting of players from around the cricketing world. ------------------------------------------------- However‚ the league has been engulfed byseries of corruption scandals. ------------------------------------------------- Controversies involving the Indian Premier League From Wikipedia‚ the free encyclopedia The Board of Control for Cricket in India (BCCI) has found itself in the middle of many conflicts with
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The Reconstruction period lasted from 1865 to 1877‚ and during this time‚ many African Americans lacked the economic power‚ and social acceptance‚ necessary to be considered free. Slavery in the United States of America did not officially end until December 6‚ 1865‚ the day the 13th Amendment to the Constitution was ratified. However‚ on January 1‚ 1863‚ President Abraham Lincoln issued the Emancipation Proclamation‚ freeing slaves in the Confederacy. The Southern states had a major part in denying
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However‚ the situation for blacks in the South did not seem to improve‚ and many argue that Reconstruction‚ in the sense that it was reformation of the South‚ did not end until the 1960s or even that Reconstruction has not ended yet. The destitution of freedmen in the South stems largely from two causes and manifests itself most certainly in the act of sharecropping. As mentioned‚ one reason that free
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The Agony of Reconstruction Ch. 16 (499-510) I. Issue—Most important post-war issue was the future of the freedmen A. Blacks sought the rights to vote and hold political office B. Results in intense and unparallel political conflicts at the national level II. Political crisis A. Minimal Reconstruction and supporters B. Radical Reconstruction and supporters C. Lincoln’s Proclamation of Amnesty & Reconstruction (Dec. 1863) 1. Proclamation of amnesty
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The Enron scandal A brief on Enron’s history Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In the early 1990s‚ he helped to initiate the selling of electricity at market prices‚ The resulting markets made it possible for traders such as Enron to sell energy at higher prices‚ thereby significantly increasing its revenue. As Enron became the largest seller of natural gas in North America by 1992‚ Enron pursued a diversification strategy
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Charles Ponzi .. The Scandal !!! By: Rawan Al-Deraibi Class of: Prof. Alan J. Pan Who is Ponzi?!! Born in 1882 in Parma‚ Itlay‚ Charles Ponzi was the infamous swindler who payed out returns (To give money in exchange for goods or services) with other investors’ money. The "Ponzi scheme" is named after him. After running a highly profitable and expansive investment scheme‚ Ponzi was arrested on August 12‚ 1920‚ and charged with 86 counts of mail fraud. Owing an estimated $7 million‚ he pleaded
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Ethics are values relating to human conduct‚ with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. If all people lived by this code the world would be a much better place. Having business ethics in the workplaces is very significant to having a truly successful business. Many companies have been forced to suffer losses or even forced to enter bankruptcy. Enron is one of the biggest examples of when making business
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In 1865 the United States had just concluded the Civil War‚ and plans of reconstruction of the Union were on the minds of every government official as their first priority‚ or so it seemed (Phillips 108). Everyone that is except Oakes Ames‚ a manufacturer‚ capitalist‚ and an elected member of the thirty-eighth Congress of the second district of Massachusetts (Brazad 251). After the war anything that would boost patriotism was passed by Congress and a transcontinental railroad was an ideal means
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Univ US History Plans for Reconstruction Johnson’s Plan for Reconstruction had some of Lincoln’s key concepts in it but the plan also differed from Lincoln’s greatly. The looming showdown between Lincoln and the Congress over competing reconstruction plans never occurred. The president was assassinated on April 14‚ 1865. His successor‚ Andrew Johnson of Tennessee‚ lacked his predecessor’s skills in handling people; those skills would be badly missed. Johnson’s plan envisioned Pardons that would
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