Enrons Impact On Enron - 1417 Words

Many questioned how Enron made its money as no one could verify their revenue that they continually raised each quarter. Even with these questions in the back of people s minds, they continued to believe Enron s executives. Enron was an U.S. energy-trading and utilities company that housed one of the biggest accounting frauds in history. Enron s executives employed accounting practices that falsely inflated the company s revenues, which, at the height of the scandal, made the firm become the seventh largest corporation in the United States. Once the fraud was detected, the company quickly unraveled and filed for Chapter 11 bankruptcy on Dec. 2, 2001. (Investopedia, 2014) The first real shock came when then newly elected CEO Jeff Skilling, unexpectedly resigned, bewildering investors. â€Å"After the close of markets on Aug. 14, Jeffrey K. Skilling, the company s hard-charging president and CEO, shocked the investment community by unexpectedly resigning. In a conference call with investors, Skilling, said he was leaving for personal reasons, which would remain private. Prior to taking over the CEO post in February, Skilling had been chief operating officer.† (Stephanie Anderson Forest, 2001) After filing for bankruptcy, it became clear to the SEC that Enron fixed the prices of their stock, while hiding massive debt in special purpose accounts. It was also quite clear that the auditors for Enron, Arthur Anderson Consulting, were also deeply entrenched in thisShow MoreRelatedEnron s Ethics Code Of Enron Essay943 Words   |  4 PagesAbstracts Enron was once one of the largest companies in the world. After many years of using diverse accounting tricks, they finally had to file bankruptcy in December 2001 due to not being able to hide billions in debt. The top 140 executives got paid 680 million in 2001. (CNN Library, 2015). Kenneth Lay as the founder of Enron and Jeffrey Skilling as the chief executive were both convicted in 2006. (Weiss, 2009, p.28). Thousands of workers were left with valueless stock in their pensions whichRead MoreKey Stakeholders Affected By The Collapse Of Enron1065 Words   |  5 Pagesstakeholders affected by the collapse of Enron? Explain briefly how each stakeholder was affected. a. Stockholders at first reaped tremendous gains from their investments in Enron stock, because the company’s value rose a lot of quicker than market averages throughout the late Nineteen Nineties. In 2001, because the stock value folded, investors lost $70 billion in value. Each individual and institutional shareholders were hurt. Significantly blasted were Enron workers whose 401(k) retirement plansRead MoreEnron Scandal And Its Ethical Implications1744 Words   |  7 PagesEnron Scandal and Its Ethical Implications Introduction Enron’s collapse in 2002 was perhaps the most shocking and widely publicized ethical violations of all times. Once one of the world’s largest energy company, Enron’s downfall and the demise of its accounting firm Arthur Andersen, highlight corporate America’s moral failings. Enron was charged with substantial accounting frauds by manipulating its major accounts and by masking its massive debts. The company stock that once peaked at $90 was downRead MoreThe Ethics Code Of Enron1586 Words   |  7 PagesEnron’s ethics code Respect, integrity, communication and excellence are the ethics code of Enron. These four aspects have a crucial impact on business ethics. â€Å"Ethics requires respect. One cannot exist without the other. Ethical success depends on understanding the profound impact that respect has on your ethics and character.† As Mark S. Putnam said in his article â€Å"Respect: The Starting Point for Good Ethics†(2003), we need to make respect our obligation and show everyone a certain degree of respectRead MoreThe Ethical Dilemma Of Enron Essay1404 Words   |  6 PagesEnron was formed in 1985 following the merger of Houston Natural Gas Co. and InterNorth Co. The Chairman Kenneth Lay, CEO Jeffrey Skilling, and CFO Andrew Fastow were the backbone of Enron during its growth period. These executives exercised their power and expertise to unethically â€Å"increase† Enron’s profits by hiding the company’s debt. The ethical dilemma that Kenneth Lay and Jeffrey Ski lling faced was whether to let their stakeholders know how poorly the company was doing, or to hide the debtRead MoreEnron : The Leading Factor That Had Enron Into Its Demise Essay1608 Words   |  7 Pagesleading factor that had Enron into its demise revolves around the notion that, â€Å"companies are often so concerned with appearance and damage control that they are unwilling to engage in the degree of examination required to root out the entrenched causes of trust violations† (Hurley, Gillespie, Ferrin Dietz, 2013). The historical performance of Enron’s rising share prices, coupled to the constant positive media attentions, only added fuel to the fire in terms of Enron’s competitive culture. As aRead MoreAgency Theory : Relationship Between Agents And The Business Essay1550 Words   |  7 Pageslevels of risk. Enron, was the world’s largest energy company in 2001. Enron forerunner, Northern Gas Company was incorporated in Delaware on April 25, 1930. From this date through July 1985, Enron had hundreds of purchases and new sub-entity constructions when they acquired Houston Natural Gas Inc. (Kastantin, 2005). On April 10, 1986, the company changed its name to Enron Corporation. Enron was an interstate and intrastate natural gas pipeline company, then later in 1989 Enron started trading naturalRead MoreEnron Was Formed In 1986 By Ken Lay (â€Å"Enron Case Study†,1439 Words   |  6 PagesEnron was formed in 1986 by Ken Lay (â€Å"Enron Case Study†, n.d). It was an energy and service company based in Houston. â€Å"The early years of Enron were modest, and despite suffering financial woes and tremendous debt for several years, Enron survived.† (Rafraf Haug, 2013). Enron was the 7th largest company on the Fortune 500 in the year 2000 with assets of $65 billion an d revenue of over $100 billion (â€Å"Enron: Quality Assurance†, 2016, p 17). Despite of revenues in 2000, Enron filed for bankruptcyRead MoreCorporate Social Responsibility Of The Enron Corporation1124 Words   |  5 PagesIntroduction We will look at the Enron Corporation and discuss its application of Corporate Social Responsibility (CSR) or in actuality its irresponsible behavior as related to social responsibility. We will revisit what CSR is and discuss Enron’s philosophy regarding its use and function within the corporation. We will discuss the consequences of Enron’s irresponsible behavior and the far reaching effects it had on society. Corporate Social Responsibility are actions taken by a corporationRead MoreEnrons Ethics Code Of Enron1552 Words   |  7 PagesAbstracts Enron was once one of the largest companies in the world. After many years of using diverse accounting tricks, they finally had to file bankruptcy in December 2001 due to not being able to hide billions in debt. The top 140 executives got paid 680 million in 2001. (CNN Library, 2015). Kenneth Lay as the founder of Enron and Jeffrey Skilling as the chief executive were both convicted in 2006. (Weiss, 2009, p.28). Thousands of workers were left with valueless stock in their pensions which

Was Alexander Really Great Free Essays

Greatness is an umbrella term that can hold several different meanings and interpretations. In the case of Alexander the Great, it has a very specific meaning that reflects upon the achievements and success of his life time, despite the many character flaws and failings he undoubtedly possessed. Alexander the Great definitely deserves this appellation for three main reasons. We will write a custom essay sample on Was Alexander Really Great? or any similar topic only for you Order Now Firstly, he conquered an incredibly vast area for his young age and lack of experience; secondly he left his mark on society which has lasted till contemporary day; and thirdly he completely revolutionized military techniques and styles. Firstly, Alexander the Great fought in horrific battles that rewarded him with a huge amount of land, resources and prosperity. He engaged in conflicts including the Battle of Granicus, Battle of Isus and the Battle of Tyre, leading him to conquer nations now known as Turkey,Israel, Lebanon, Syria, and a large portion of India. His ambition certainly paid off, and as Arrian, an historian living at the time of Alexander wrote, †Ã¢â‚¬ ¦He would always have searched beyond for something unknown, and if there had been no other competition, he would have competed against himself. This source is quite reliable, as it reinforces other accounts of his attitude correctly, however Arrian basically recorded all the conquests of Alexander the Great, so it may be influenced or recorded with a certain bias that Alexander himself imposed. Secondly, Alexander the Great helped to establish Greek society and spread it over the world. He single handedly created a culture that has maintained itsel f till this very day. It truly is a great feat to form a society, including language, etiquette, customs and traditions that will last thousands and thousands of years. Historian Professor Paul Cartledge stated in his manuscript Hunting for a New Past â€Å"the great leader’s achievements – both in his lifetime and posthumously are simply staggering, as they have lasted the generations to still be evident today. † Cartledge’s opinion, although we must keep in mind it is only his opinion, is certainly reliable as he is a modern day expert on Greek culture and greek history, quoting in an edited and published official manuscript. Lastly, the military wisdom and knowledge that Alexander the Great not only possessed, but created himself, is astounding. The number of battles and wars he planned and executed is truly great, and especially in such a successful manner. This is one of his greatest attributes, and the skill he is most remembered for. A tapestry called Alexander the Great in Battle, discovered in 1661 by archaeologist Charles le Brun, reflects upon this concept. It depicts Alexander riding into battle and slaying his enemy with strategy and premeditated decision. Although it may be not completely reliable as it seems to portray the romantic myth of Alexander as a ferocious and fearless warrior, it does hold a concise example of his skill in military prowess. Overall, Alexander the Great deserves his namesake because despite having many character flaws, he was an exceptional man who achieved some astounding feats. The vast land he conquered at such a young age, as well as his long lasting impacts on Greek society, and finally his military intelligence and success prove that Alexander truly was a great individual. How to cite Was Alexander Really Great?, Papers

Trapped free essay sample

In the society today, more often than not, it is the men who has control over things. This doesn’t necessarily mean that they are better than the women but this has just been the case for the longest time that it has already become a tradition or part of the culture. When a man likes a woman, for example, he has the option to show this to her or initiate something for their relationship to develop. On the other hand, when it is the woman who likes a man, she has to wait for the man to like her also before she can show her affection to him. This control of men over certain things doesn’t just apply to love or relationships. It also applies in a lot of other situations like in the family etc. In the story â€Å"The Corral† by Edith Tiempo, we see a woman named Pilar who struggles in her life because her decisions are bounded by the people around her and this culture of being conservative for the women in her society. We will write a custom essay sample on Trapped or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the story, it doesn’t directly say that Pilar is attracted to Gregorio, a man who is introduced as a relatively handsome and hardworking guy, an alpha male, but it is quite obvious that she is interested in him on the basis of her actions towards the man. After their first meeting, she asks Elmo, their servant child, some questions about the man and also talks about him in some instances. â€Å"That man Gregorio, where is he taking all that firewood? † (Tiempo). She also watched closely as Gregorio stretched after eating and left him additional water before she went on in their second meeting in the grove. However, even though Pilar is interested in Gregorio, she is unable to show him much about this affection. In their second meeting. he tries her best to conceal her liking of the man by not throwing herself at him and keeping her silence until Gregorio starts talking because a woman who is too showy is badly looked upon in her society. In their second meeting also, it is noticeable that it is Gregorio, the man, and not Pilar who starts up the conversation this shows the norm in the society that in this kind of situation, it is the man who is more accepted to make the first move and not the woman. Thus, it is also the man who has the control over the situation. As the story goes on, it is seen that Pilar is not only repressed by the norms in the society but also by the people around her. Looking now at her relationship with her father, we see that Pilar is unhappy about some of her father’s actions but she is unable to confront him about these things. â€Å"She didnt want to be irritated at her father because there has already been to much politeness between them lately, and it was a strain. † (Tiempo) This shows that Pilar sometimes feels bad about how she is treated by her father but she holds back her emotions so as not to ruin the courtesy between them. Also, because of her father’s authority, she is pushed around to do things according to her father’s desires. â€Å"You rather enjoy being my reason, Father, don’t you? You rather like it. †Ã‚   (Tiempo). This was Pilar’s follow up when she said that she told Mr. Perfecto that she quit her job because she had to take care of her father which shows that what she is doing, quitting her job and taking care of the household is all for her father’s satisfaction. This authority of his father is what leads her to pursue her father’s wants rather than her own.