Overview Enron Corporation‚ once the 7th largest company in US and a global leader of electricity and natural gas industries‚ filed for bankruptcy protection in late 2001. It was revealed that the company had been hiding investment losses and created fictitious revenue through several complicated accounting gimmicks. Besides Enron’s senior management who created the whole fiasco‚ many people believed that several other parties‚ such as the Board of Directors and the external auditors should also
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The Last Judgment‚ by Leandro Bassano 16th century Venetian Artist‚ religious painting of Christ Finished in 1596‚ currently residing in the National Museum of Western Art; Tokyo‚ Japan (Ueno). Visited on 11/2/09 from 10:15-11:30 Bassano’s The Last Judgment Painted by Leandro Bassano‚ a 16th century Venetian artist‚ The Last Judgment is a stunning work of scared art that takes one’s breath away upon first sight. Finished in 1596‚ the oil painting stands 73 x 51 cm tall and currently
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Response to organizations in art or entertainment (Enron‚ the Smartest Guys in the Room‚ 2005) Introduction There is a proverb “too good‚ to be true”‚ and it means the same‚ that some things are too great‚ to be real. In business world‚ it is often used to describe market conditions or companies under unbelievable success. Although‚ there were not too many companies that would fit the saying Enron was one of them. In a period of sixteen years‚ Enron’s value grew from 10 to 70 billion dollars
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The causes of the collapse of communism in Eastern Europe were that it had no popular support‚ political downfall‚ and economic problems. The fact that the USSR had gained all of its money from the Eastern European states (after world war 2)‚ Stalin’s paranoia of the West forced him to put all that money into defensive arms and therefore none of that money was being channeled into the country. Many historians would argue that it was at this point that the USSR began its downward spiral and this is
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am detailThe ENRON Scandal is considered to be one of the most notorious within American history-White Collar By misrepresenting earnings reports while continuing to enjoy the revenue provided by the investors not privy to the true financial condition of ENRON‚ the executives of ENRON embezzled funds funneling in from investments while reporting fraudulent earnings to those investors; this not only proliferated more investments from current stockholders‚ but also attracted new investors desiring
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Empire existed alongside the Romans with many comparable achievements in influence and scale. While the fall of the Romans is documented fairly well‚ certainly a result of being split into two separate entities with separate records. However; the collapse‚ or rather‚ disappearance of the Sassanid Empire is quite a bit more difficult to determine. How did such a prominent power as the Sassanid Empire disappear in such an abrupt manner? Many scholars have attempted to address this question‚ with a good
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Macbeth is the driving force behind Macbeth’s downfall Lady Macbeth? The driving force behind Macbeth’s downfall? Certainly not. Macbeth was completely and solely responsible for all the acts of great evil which were to lead to his downfall‚ and to even suggest the blame can be shifted on his wife is ludicrous. From his very first meeting with the witches‚ Macbeth’s mind became instantly plagued with thoughts of murder and treachery. The guilty start that Banquo noticed:
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What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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The Judgment‚ written by Franz Kafka was said to be one of his breakthrough stories that sparked his story writing career. While most of Kafka’s stories were thought to be closely related to certain aspects of his life‚ The Judgment is thought to closely represent the conflicting relationship between Kafka and his father and the turmoil that Kafka experienced growing up as a result of his crude-minded father. This relationship that Kafka had with his own father is reflected in The Judgment‚ a story
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Is Abortion Morally Wrong? Abortion is the intended termination of a human pregnancy‚ many think that it is morally wrong in all cases‚ but can it be considered as morally permissible? Thou shall not kill‚ but what is really considered murder? Who draws the line on which murder should be permissible and which should not? You might want to get rid of bugs that may appear in your house and you squash them‚ which is not morally wrong but killing another human being with a cruel intent to harm them
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