Essays 31 - 60
chief accounting officer and former Enron auditor from Arthur Anderson and a number of other executives (FOX News Network, 2005). ...
the epitome of stereotypical masculinity almost to the point of caricature. Skilling once said that he had thought about it a lot ...
Technology advances in mediation software have increased the capability of companies to negotiate within a global business framewo...
as was dishonesty and shady deals (Thomas, 2002). Out of fear for being shown the door because of the PRC, in other words,...
merger of Houston Natural Gas and InterNorth in 1985. It was initially a gas pipeline operator and a national gas commodities trad...
Enron scandal and the companys ultimate collapse has been the topic of controversy and debate for the last 10 years. Some Enron sh...
as individual isolated actors, but they acted as part of a group reflecting loyalties to colleagues and their commitments which we...
White collar fraud continues to be committed. Most people are well-aware of some of the huge corporate scandals, like Enron, the t...
aside through Enron stocks. The question here is, could an Enron have been avoided? What would a financial consultant (one...
Enron but when speculation about shady accounting practices hit the media, stock prices plummeted and Dynegy quashed the deal (200...
point forward was the beginning of the end for Enron. Indeed, the history of Enrons empire is nothing if not prolific. The...
Timeline, 2004). Jeffrey Skilling took over as CEO but resigned six months later; Lay returned to the post of CEO (FOX News Networ...
perception of the regulatory environment is one that inspires confidence that the results and basis of the valuation accurate and...
the wake of Enron and SOA, however, experts have pointed out that if nothing else, auditing and auditing structures have been incr...
see fit, in spite of how their selfish actions may cause harm or damage to others. Indeed, this is precisely the essence of socia...
days, compared to how they would become (Braquet, 2002). Skilling focused Enrons core business, that of buying a commodity and sel...
savvy ways of getting things done. That is, until the fall of 2001. The nation, already shocked and stunned by the tragedy...
as CEO and Chairman on February 4, 2002; Jeffrey K. Skilling, former CEO and Director; Andrew S. Fastow, former chief financial of...
some time; keeping them off Enrons balance sheet avoided the situation in which Enron would have to list the debt without any prof...
books. The charges against Lay are that "he knew his company was failing in 2001 when he sold millions of dollars in stock and ur...
in accountants and the way accounts were prepared was being shaken. The entire financial basis of the stock markets requires tha...
starts out by indicating that the reason was simple enough - terming it "collective greed born in an atmosphere of corporate arrog...
processes (Chidi, 2002). Some of the accounting techniques used at WorldCom in order to supplement R&D write-offs included the use...
its current ratio is understandable. WorldComs values in these two ratios reflect its precarious operation position. Neith...
a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...
those who were relying on the company for pensions, directly or indirectly, those who worked for them, and those who worked for co...
audit functions were in accordance with Generally Accepted Accounting Principles (GAAP), hiding debt in dummy corporations, as wel...
benefit from various government subsidies, it also cheated millions of shareholders using questionable accounting practices design...
in 1993, which allowed corporations to avoid recording stock options on their balance sheets. According to a Merrill Lynch study, ...
The companys auditor employed by Andersen allowed the misrepresentations to go uncorrected. Hamilton and Leeds charged: "Andersen ...