IEMP
1. What you have learned from those movies?
Every big company believes that they can’t fail or in another word “They are too big to fail”. However, they did not know how to be enough; all they want just put more and more money in their pocket. Good example from the movies: First Enron, they are the big company for oil and gas. But the manager in the movie tried to make more money. They did not care about the situation or account in the company. So the problems become worse when the real account had shown up to the public. What I learned from Enron is “DO NOT MAKE A FAKE ACCOUNT TO MAKE YOUR BUSINESS LOOK GOOD”. Good statement can make a good credit from your shareholders but it can become a big problem if it not real. In business you should not pretend or lie for the money problem. You are thief if you do like that. The second movie is Too Big To Fail. From this movie, they are lucky that Government make a decision to help them because this company is too big to fail. If the company failed, it will have a big effect to the American’s Economy. What I learned from this movie is we need to think macroeconomic first before we think about personal business. However, we need to have a good corporation that can be trust also. If in the movie, they choose to not help and pull the stock price up. This mistake will effect to their business later also. “SO MAKE A GOOD DECISION AND BECAREFUL BEFORE DO SOMETHING”. From the third movie, I learned that we should walk in the middle way. We should not be too much or less. A lot of money that come fast also can be gone fast also. Be careful before spend money or invest for something. Get the lower chance but more stable is better.
2. What is the relationship between the financial scandals and Corporate Governance?
Corporate Governance is a system of rules, practices and processes by which a company is directed and controlled, which involves the alignment of interests among the stakeholders. After the early 2000s, the massive
Every big company believes that they can’t fail or in another word “They are too big to fail”. However, they did not know how to be enough; all they want just put more and more money in their pocket. Good example from the movies: First Enron, they are the big company for oil and gas. But the manager in the movie tried to make more money. They did not care about the situation or account in the company. So the problems become worse when the real account had shown up to the public. What I learned from Enron is “DO NOT MAKE A FAKE ACCOUNT TO MAKE YOUR BUSINESS LOOK GOOD”. Good statement can make a good credit from your shareholders but it can become a big problem if it not real. In business you should not pretend or lie for the money problem. You are thief if you do like that. The second movie is Too Big To Fail. From this movie, they are lucky that Government make a decision to help them because this company is too big to fail. If the company failed, it will have a big effect to the American’s Economy. What I learned from this movie is we need to think macroeconomic first before we think about personal business. However, we need to have a good corporation that can be trust also. If in the movie, they choose to not help and pull the stock price up. This mistake will effect to their business later also. “SO MAKE A GOOD DECISION AND BECAREFUL BEFORE DO SOMETHING”. From the third movie, I learned that we should walk in the middle way. We should not be too much or less. A lot of money that come fast also can be gone fast also. Be careful before spend money or invest for something. Get the lower chance but more stable is better.
2. What is the relationship between the financial scandals and Corporate Governance?
Corporate Governance is a system of rules, practices and processes by which a company is directed and controlled, which involves the alignment of interests among the stakeholders. After the early 2000s, the massive