Essays 1 - 30
ignored their warnings (Saragosa, 2002). Skilling insisted that since he was not an accountant himself, he should not be expected ...
to be on a continuing growth streak. Enron did not use proper or prudent caution in their diversification strategies. There did ...
accounting system it may be argued that a collapse in the style of Enron is much more unlikely due to very different accounting en...
a great deal to do with the number of external factors and affiliations which many say reveal a weakness in the competitive and ri...
made available to all of the outside world including Wall Street analysts. The news of its financial problems came as a surprise ...
Sadly, those pursuing the win-lose scenario often overlook simpler approaches in which everyone wins, thereby avoiding further pro...
company that essentially is a member of the walking dead, it paradoxically experienced a rise in revenues for the nine months ende...
At the crux of the issue is the fact that $3.85 billion in expenses was hidden from the companys financial statements in 2001...
behavior incorporates theories from a number of other fields, including psychology, anthropology, sociology, social psychology and...
Mention the word "Enron" and what is likely to come to mind is "accounting scandal." Though the period between 2000-2002 brought i...
corporation. But to avoid conflict of interest, SPEs are supposed to be run by outsiders who have no involvement in the main compa...
between Enrons accounting statements and the fiscal reality of the institutions assets and obligations. One might view the major f...
timeline overview identifies who was involved and what was happening. Andrew Fastow was appointed finance executive in 1997 and sh...
the market to the scope and scale of the scandal, but the way in which it impacted on individuals personally and received a great ...
(Thomas). Employees who didnt do deals to post earnings ended up with higher score. The higher the score, the more likely the empl...
Compounding these problems was the work of Jeffrey Skilling. His duties should have included overseeing and regulating various dep...
those codified into law ...and creating societal pressures for reform" (p. 167). Indeed, the world is changing and more attention...
with several different players each able to avoid feeling personally responsible there was a lack of a real moral compass. ...
principles of accounting in the U.S. (Larson et al, 2001). Since that time, a number of authoritative bodies have been instituted ...
Enron, a publicly held company, was once a top provider of electricity but ended up in Chapter 11 bankruptcy ("Enron," 2002). Pr...
who led others astray" (Booth and Fowler 52). Enron spiraled into bankruptcy because Arthur Anderson notified Enrons offic...
the financial statements. This sent investors scrambling. Nancy Temple was viewed as the culprit (by both the courts and observers...
collapse of the company. One can only conclude that these executives decided that it was worth the risk to take actions that were ...
to less than $1 (Explaining the Enron bankruptcy, 2002). The companys implosion cost thousands of employees their jobs as well as ...
Innovation and risk taking - willing to experiment, take risks, encourage innovation (Smith, 2004). 2. Attention to detail - payin...
agreement -- why should the whistle blowers? This is precisely how the handful of individuals felt when they learned their corpor...
their behavior. Along with this, Enron believed in its own publicity as the poster child of corporate culture for the "new economy...
this was not a positive culture for building teamwork, collaboration or conflict management skills. Clearly, Enron has pro...
Coffees theory is that the legal climate for investment fraud sharply declined throughout the 1990s (allowing everyone to look the...
Enron International and Azurix Water, said Enron employees consisted of ex-military, Harvard Business School and ex-entrepreneurs ...