Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies
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What punishment‚ if any‚ do you believe David Myers should have been given for his role in the WorldCom fraud? A2. Mr. Myers was charged with securities fraud‚ conspiracy to commit securities fraud‚ and filing false statements. Based on these charges‚ I think Mr. Myers would be sentenced to 5-8 years prison terms. In addition‚ he would be imposed with a large amount of fine. Furthermore‚ the WorldCom would take a certain amount of bonus back for the period while he was being investigated. However
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COURT ASSIGNMENT DETAIL COURT ASSIGNMENT IS DUE BY MARCH 25‚ 2013 USE THE INFORMATION BELOW AS A GUIDELINE Report to include the date and time of your attendance. The court rooms you observed. - Observe criminal proceedings and identify terms discussed in class such as bail‚ show cause‚ probation‚ sentences‚ incarceration‚ parole‚ conditional sentence‚ curfews‚ restitution‚ diversion‚ warrants‚ etc. - Provide a brief synopsis of your observations incorporating concepts discussed in class
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Guideline for Writing an Executive Summary of On-Job-Training: An executive summary is a brief overview of a report designed to give readers a quick preview of its contents. Its purpose is to consolidate the principal points of a document in one place. After reading the summary‚ your audience should understand the main points you are making and your evidence for those points without having to read every part of your report in full. In your case‚ your executive summary is going to be read by the recruiter
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in the assignment? (2 points) COURT OF APPEALS OF OHIO‚ FIRST APPELLATE DISTRICT‚ HAMILTON COUNTY 2. According to the case‚ what must a party establish to prevail on a motion for summary judgment? (3 points) Emil moved for summary judgment‚ claiming that no genuine issue of material fact existed. BK also moved for summary judgment and pointed to evidence in the depositions that appellants knew the coffee was hot and that coffee was purchased and served as a hot beverage. It also contended under the
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representing them filed charges of discrimination. The EEOC determined that there was reasonable cause of discrimination; violating Title VII of the Civil Rights Act of 1964. The case ended up in the federal district court. The court granted motion for summary judgment. ISSUE: Does this rule violate Title VII? DECISION: No. The court reversed and remanded their decision. REASONING: The court did not find that there was any disparate impact because there is no requirement to comply with the
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in the competitive long-distance telephone industry. It was headquartered in Washington‚ D.C.[1] Founded in 1963‚ it grew to be the second-largest long-distance provider in the U.S. It was purchased by WorldCom in 1998 and became MCI WorldCom‚ with the name afterwards being shortened to WorldCom in 2000. WorldCom’s financial scandals and bankruptcy led that company to change its name in 2003 to MCI Inc.. The MCI name disappeared in January 2006 after the company was bought by Verizon. As of May
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Executive Summary Accounting Issues: Fraudulent Accounting Practices • $11 Billion Accounting Fraud over 3 years (1999 – 2002) by understatement of operating expenses of $7B through improper release of accruals and improper capitalization of operating expenses • management promoted culture fixed on the numbers • board of directors’ failure to scrutinize billion-dollar acquisitions • excessive loans to executives in order protect stock prices Financial Overview of WorldCom (in Billions)
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CHAPTER TWO DESCRIPTIVE STATISTICS: TABULAR AND GRAPHICAL METHODS CHAPTER OUTLINE AND REVIEW In Chapter 1‚ you were introduced to the concept of statistics and in exercise *6 of that chapter you were given a frequency distribution of the ages of 180 students at a local college‚ but you were not told how this frequency distribution was formulated. In Chapter 2 of your text‚ you were informed how such frequency distributions could be formulated and were introduced to several tabular
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L.L.C.‚ d/b/a O’Malley’s Tavern (Appenllants) was the subject of a Summary Judgment Motion filed on behalf of the Appellants in the United States District Court for the Northern District of Indiana‚ Hammond Division. The lawyers in this case for the Appellant are Benjamin Walton and Jordan VanMeter. The Lawyers for the Appellee are Jackson Welch and Amanda Babot. The Appellant’s lawyers filed this Motion for Summary Judgment asking the Court to dismiss the lawsuit filed by the Appellee
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