Enron Research Paper - 2224 Words

Enron Research Paper In 2001, the world was shocked by the demise of Enron, a multibillion dollar corporation that had thousands of employees and people that had affiliations with the company including The White House itself. Because of the financial chaos and destroyed lives and reputations this catastrophe left in its path, questions arose concerning how exactly it happened, why it occurred, and who was behind it. It is essential to understand how this multibillion dollar corporation rose to power and later imploded. Enron itself was born as the result of Houston’s Natural Gas and InterNorth, a gas based pipeline company from Nebraska in 1985. In the final analysis, the conspiracy of Kenneth Lay, Jeffery Skilling, and others, including†¦show more content†¦Beyond the dollars and cents, the Enron catastrophe offers a new textbook example of failed ethics in business. Individuals are responsible for their actions; unethical or illegal individual actions are systems of systemic problems, a nd Enron’s system of accountability, oversight, ethical disclosure and corporate concerns were flawed. The corporate culture at Enron exemplified values of risk taking, aggressive growth, and entrepreneurial creativity. Although these can be positive values, they were not balanced by genuine attention to corporate integrity and value. Since the culture at Enron was not wellShow MoreRelatedEnron Research Paper3111 Words   |  13 PagesTHE COLLAPSE OF ENRON amp; THE INTRODUCTION OF THE SARBANES OXLEY ACT BY TREVOR GARRETT 02/25/2011 Abstract Enron Corporation was one of the largest energy trading, natural gas and Utilities Company in the world that was based in Huston, Texas. The downfall of Enron is one of the most infamous and shocking events in the financial world, and its reverberations were felt around the globe. Prior to its collapse in 2001, Enron was one of the leading companies in the U.S and considered amongRead MoreEthics in Accounting1196 Words   |  5 PagesEthics in Accounting By Pace University – New York Accounting for Decision Making, MBA 640 Fall 2011 Required Research Paper Page 1 of 11 Table of Contents Number Content Page Number 1 Introduction 3 2 Ethics in Accounting 4 3 Enron Scandal 6 4 Satyam Scandal 8 5 Conclusion 10 6 References 11 Page 2 of 11 Introduction †¢ What is â€Å"Ethics†? Ethics, also known as moral philosophy, is a branch of philosophy that addresses questionsRead MoreFailure Of Responsible Management : Enron Corporation1645 Words   |  7 Pageswhich failure of responsible management. The Enron Corporation is an example, because Enron event is the typical case for organization failure of responsible management In the end of 2001, Enron scandal has been disclosure, Enron stock prices slumped, and its financial tricks was exposed. 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Enron was recognized as one of the world’s major electricity, natural gas, communications and pulp and paper’s company. However Enron was found to record assets and profits at inflated, fraudulent and non-existent amounts. Debts and losses were found to be excluded from financial statements along with other major transactions between Enron and other companiesRead MoreEssay on Analysis of the Enron/Arthur Anderson Scandal1558 Words   |  7 PagesEnron and Arthur Anderson were both giants in their own industry. Enron, a Texas based company in the energy trading business, was expanding rapidly in both domestic and global markets. Arthur Anderson, LLC. (Anderson), based out of Chicago, was wel l established as one of the big five accounting firms. But the means by which they achieved this status became questionable and eventually contributed to their demise. Enron used what if often referred to as â€Å"creative† accounting methods, this resultedRead MoreThe Importance Of Accounting As Well As Ethics1442 Words   |  6 Pagesknow it would be an honest mistake. They all have the upmost confidence in their accountants to have the professionalism and competence to be able to catch the mistakes that are made. Secondly and perhaps most important and relevant to the case of Enron and Andersen, they all stated the obvious. The easiest way for a scandal like this never to occur is to ensure the people at the top of the organization such as the CEO, CFO, Founders, and COO all have the proper ethical training and moral values.Read MoreReasons for Enrons Business Failure1434 Words   |  6 PagesEnron - Reasons for Business Failure Abstract Various major companies in the past have witnessed unimaginable growth of their businesses, but some of them eventually had to succumb to downfall as their business models failed. Most of these businesses had been deemed as failures due to the management methods, leadership practices and flawed organizational structures. This research paper aims to focus on Enron, a large entity as a failed model of business. This would be achieved by discussing aboutRead MoreEnron And Its Impact On Enron s Downfall Essay1492 Words   |  6 PagesAbstract recent collapses of high profile business failures like Enron,Worldcom,Parmlat,and Tycohasbeen a subject of great debate among regulators, investors, government and academics in the recent past. Enron’s case was the greatest failure in the history of American capitalism and had a major impact on financial markets by causing significant losses to investors. 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Native Americans And American History - 1396 Words

Native Americans have remained a prominent aspect of American history; not just a history of the people, but a history of the land and the extensive traditions that shadowed it, like footprints in the sand. However, when the Europeans staggered over with indifference towards the natives and their unusual customs, a conflict erupted that dates back hundreds of years and continues into the present. As the United States grew further more intolerant of the natives, the daring judgment to either assimilate into the American society, or face extinction of the Indian race and culture was presented. Some natives elected to conform to American culture, while abandoning their Indian heritage. Like immigrants, who presently migrate into America,†¦show more content†¦The Society’s pleas to the federal government proved successful when Congress created the Indian Claims Commission, which would settle Native grievances with the American government, in 1946 (2). As the years persis ted, so did the transformation of the Cherokee people, noted as the â€Å"Cherokee Culture Change† in the 1800s. In 1804, the Moravians opened a school, which taught Cherokee children how to be â€Å"civilized†. The children were taught how to speak, dress, and practice Christianity. The young boys were instructed on farming techniques, and the adolescent girls were trained to be docile and submissive (3). One of the most ingenious adaptions to the American society was the system of writing for the official Cherokee language. Sequoyah crafted eighty-six symbols for each sound, consequently enabling numerous Cherokees to learn how to read and write. Adding on to their countless accomplishments from assimilation into American culture, the Cherokee commenced the launch of the Cherokee Phoenix, a newspaper which expressed the opinions, viewpoints, and rich history of the Cherokee Nation(3). The most significant reasoning for the Natives’ assimilation into American society was a desire for an advanced life; disassociated from the worsening conditions on the reservations, and the fatal massacres brought

Diabetes Mellitus Affects Over 20 Million People - 1305 Words

â€Å"Diabetes Mellitus affects over 20 million people in the United States, although approximately 25% of those are underdiagnosed with the condition. More than 50 million people have what is called â€Å"prediabetes,† a condition in which they have a blood glucose higher than normal but not high enough to be diagnosed with Diabetes Mellitus, and 35,000 people die from it each year. Diabetes Mellitus is classified into several categories† (Sommers). Diabetes can be summarized as simply as a lifetime condition of high blood sugar levels. However, it is more complex than that. People with diabetes face many symptoms such as constant thirst and hunger. Also, often time’s diabetics will gain or lose a noticeable amount of weight. Along with that,†¦show more content†¦Diabetes is most often caused by heredity, more specially chromosome six, however obesity, acute tension, other disorders can put a person at a greater risk. If diabetes continues to go on not treated it can lead to death. According to Watkins, in ABC of Diabetes, someone with diabetes should, â€Å"Use complex carbohydrates as the main energy source rather than fat or protein, while, avoiding filling up with fatty foods such as cheese or meat containing high saturated fat levels, along with eating fish, especially oily fish. Also, use olive oil in cooking, and always keep sugar to a minimum.† (p.40) There are three main types of diabetes known as Type 1, Type 2, and Gestation diabetes. However, they all have one thing in common, if a person’s body does not break down sugars and carbohydrates into glucose, then the cells will not be able to take insulin and use it at energy. In some cases a person’s body may even produce the insulin, but reasons unknown cannot use the insulin. The least common type of diabetes is known as Type 1. â€Å"The classic symptoms of diabetes emerge when approximately 90% of the ÃŽ ² cells in the islets have been destroyed. Although characteristically such symptoms have a relatively sudden onset, the initiating pathophysiological process leading to the clinical emergence of type 1 diabetes may occur over a prolonged period of time†(Scobie). It affects mostly children and adolescents. It is more commonly known for the

Highly emotional scene Essay Example For Students

Highly emotional scene Essay An Inspector Calls by JB Priestley is a drama in which there is a highly emotional scene. The play is set in 1912 but was written in 1944.  The play begins with the celebration of Sheila Birling and Gerald Crofts engagement. Suddenly, it is interrupted by the arrival of Inspector Goole. He begins asking each family member questions about a girl named Eva Smith who had recently committed suicide. One by one, it is revealed that they all had some involvement with the girl and ultimately, contributed to the girls death. The most emotional scene in the play is when Sheila Birling hears of the horrible death of Eva Smith. As the plot unfolds, she finds herself more involved with her death than previously thought. She then finds out that her fiancà ¯Ã‚ ¿Ã‚ ½e also knew the girl, as he had spent the previous summer with her using her as his mistress.  Sheila, normally a very excitable and complacent girl, immediately becomes upset when she hears of Evas death. (Distressed) I went to the manager at Milwards and I told him that if they didnt get rid of that girl, Id never go near the place again and Id persuade mother to close our account with them.  The stage directions instantly inform us that Sheila is anxious and distraught about what she has done. The long sentence also emphasises the panic and unease she feels as she explains herself. At this point it is clear to see that Sheila is justifying her actions and taking no responsibility.  When Sheila begins to realise that she has done something wrong she takes responsibility and simultaneously, shows hurt and remorse. Yes, but it didnt seem to be anything very terrible at the time. Do you understand? And if I could help her now, I would.  This quote conveys her pleading with her audience. The rhetorical question Do you understand? shows her sheer desperation for forgiveness. She understands she has treated the girl wrongly and wants the Inspector to see it from her point of view. Her regret is genuine. The dialogue shows us that only now, does she see how her behaviour was wrong. At this point, the audience can start to sympathise with Sheila and she did not realise her actions were going to lead to the eventual death of the girl and she is truly sorry. After Sheila calms down, the Inspector goes on to say that Eva Smith then changed her name to Daisy Renton. Sheilas fiancà ¯Ã‚ ¿Ã‚ ½e Gerald startles What? From this response we learn that he too, knew the girl who killed herself. Sheila is angered to find out this news.  Well Gerald? How did you come to know this girl Eva Smith? Daisy Renton then its the same thing? Sheilas interrogation of Gerald shows her despair and impatience to find out the truth. We already knew she had her suspicions and now she wants to get to the bottom of things. The irritable tone of this dialogue highlights the tension and emotion that Sheila is feeling in this scene. It shows how worried she is and is thinking the worst of her fiancà ¯Ã‚ ¿Ã‚ ½e. As an audience, you would feel her angst and want to find out about Geralds involvement with the girl. In conclusion, my analysis has shown that An Inspector Calls by JB Priestley is a play in which there is a highly emotional scene. Throughout the scene, we see an extremely distressed and upset Sheila in contrast to the rather unfeeling older members of the Birling family. This was purposely carried out by Priestley in order to get across his message that hope lies with the younger generation as they have more compassion for one another. He believes that hope for the future lies with the youth of society as they are more open to change and can make the world a more caring one.