What are the systemic‚ corporate‚ and individual issues raised by this case? This case discusses the story of Enron‚ the infamous American energy company that December 2‚ 2001 filed the largest bankruptcy case in US history‚ totaling losses around 66 billion US dollars‚1 forcing 4‚000 unemployed‚2 and bringing down Arthur Andersen‚ 3 its auditing company. For many of the “bad” and publicly convicted Enron executives it has been the worst nightmare come true‚ a personal travesty. Cliff Baxter‚
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What Were the Primary Reasons for the “Fall” of Rome? By 200 BC‚ Rome was quickly becoming one of the world’s greatest empires with their excellent military conquering territory from modern day Scotland to Spain. After the Punic Wars and the defeat of Carthage‚ Rome had full control of the Mediterranean region‚ establishing colonies in North Africa‚ Egypt‚ the Middle East‚ and Asia Minor. Julius Caesar became Rome’s first emperor using his military influence. Under his reign‚ Rome shifted from
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governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors in their individual efforts to implement
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What Problems did Russia face between 1914 and 1916 When war broke out in Europe‚ in August 1914‚ it brought an end to industrial unrest in Russia. The country united behind the Tsar and his government in an atmosphere of patriotism. Although Russia invaded eastern Germany and eastern Austrian Hungary‚ by the en of 1916 the Russian army was in retreat. The war also had a major effect on the position of the Tsar and his family. Under the influence of Rasputin‚ an unpopular adviser‚ the Tsarina
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What were the causes of the American Civil War? The Civil War happened due to the many differences between the North and the South. For example economic‚ social‚ cultural and political differences. These all helped lead America to a Civil War. But to an extent‚ the most important cause was the fact there were many disagreements with states’ rights versus federal rights. It was clear that there was always going to be a conflict between the federal government and the state governments because
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working papers are available from the author. Integrated Risk Management for the Firm: A Senior Manager’s Guide Lisa K. Meulbroek Harvard Business School Soldiers Field Road Boston‚MA 02163 The author gratefully acknowledges the financial support of Harvard Business School’s Division of Research. Email: Lmeulbroek@hbs.edu Abstract This paper is intended as a risk management primer for senior managers. It discusses the integrated risk management framework‚ emphasizing the connections between
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1. What were the strengths and weaknesses of workers unions? By the end of the nineteenth century‚ workers unions had become major forces influencing wages and working conditions. In 1886‚ when successful strikes on some western railroads attracted a mass of previously unorganized unskilled workers‚ the Knights of Labor grew to a peak membership of a million workers. They bargained with employers‚ conducted boycotts‚ and called members out on strike to demand higher wages and better working conditions
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December 7‚ 1941‚ Japanese warplanes attacked the United States’ military base at Pearl Harbor‚ Hawaii. After the attack‚ Japanese Americans who had always faced racial prejudice in America encountered even more discrimination. This was starkly clear in Executive Order 9066‚ which authorized the War Department to corner off areas in which people who were considered dangerous to the government would be imprisoned. The order had a special target; to imprison all Japanese Americans. It ordered people of Japanese
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There was a time where the French and English coexisted in North America until issues (such as tensions rising between different religions) between both sides were present. The French also had a lot of territory and ties with the Native Americans‚ but all this dissipated when the British won the French and Indian war. The colonists faced most of the consequences‚ and this would eventually lead to conflicts between the colonists and the British. War is highly unpredictable and there are always at
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American Revolution: What Were they Really Fighting For? I: Introduction A superficial understanding of the Revolutionary War may lead to believe that it was struggle in which the purpose of the colonists was to rid themselves of the cruelty and tyranny associated with the British colonial regime. This is simply not true‚ or at the very least‚ it is not the whole truth. For the most part‚ the inhabitants of the colonies took pride in calling themselves Englishmen‚ and under the so-called tyrannical
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