Enron Corporation (former NYSE ticker symbol ENE) was an American energy‚ commodities‚ and services company based in Houston‚ Texas. Before its bankruptcy on December 2‚ 2001‚ Enron employed approximately 20‚000 staff and was one of the world’s major electricity‚ natural gas‚ communications‚ and pulp and paper companies‚ with claimed revenues of nearly $101 billion during 2000.[1] Fortune named Enron "America’s Most Innovative Company" for six consecutive years. At the end of 2001‚ it was revealed
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“A white paper is a government report outlining policy or authoritative report on a major issue. White papers discuss a specific business issue‚ product‚ or competitive situation.” The Aftermath Affects On December 2‚ 2001‚ Enron filled for bankruptcy under chapter 11 of the US banking code. This sudden collapse of one of Fortune 500 largest companies shocked the world. Once the world’s largest energy company‚ Enron’s scandal became the largest bankruptcy recognition and was attributed as the
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Natural Gas‚ became CEO‚ and the next year won the post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business site in the world. About 90 per cent of its income eventually came from trades over Enron Online. Growth for Enron was rapid. In 2000‚ the company’s annual revenue reached $100 billion US. It ranked as the seventh-largest
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Business Ethics Enron Case 1. Using the options market more for gambling purposes to cover loss rather than insurance. The culture was if one of their employees was making a lot of money they didn’t ask questions they didn’t look too deep into where the money was going they eventually gave these people more money to spend and use‚ what they realized later on was that that employee wasn’t very good. They were just lucky one time. They made some losses and had to get that loss back so they put
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The Ocean Floor No one has ever walked the sea floor and few have even seen it. This is because of the extreme conditions found there. It is dark‚ and the temperature is close to freezing. A person standing on the sea floor would be under tremendous pressure from the overlaying water. The pressure is hundreds of times greater than the atmospheric pressure. Such a force would crush the human body. Using research submersibles which are specially designed to with stand the pressure of the water‚ scientists
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Floated/Glued Wood Floors * A single product that can add both enough mass to block airborne noise and provide a dramatic reduction in footstep noise. * Made from 97% post-consumer recycled rubber‚ it is not just a "green product‚" but comes with LEED certification from the US Green Building Council. Our Underlay will allow you the beauty and contemporary look of wood floors throughout your project without sacrificing sound privacy. Nailed Down Wood Floors * Nail down floors require mechanical
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Enron The collapse of Enron Corporation an American energy‚ commodities and services based Company in Houston‚ Texas reinforces why unethical business practices are not the foundation for an enduring and sustainable enterprise. Good business practices is rewarding because it builds sustainable company‚ trust‚ integrity and organizational growth. In the article Enron ethics: Culture matters more than codes‚ reminded us that before the scandal‚ Enron appeared to have the best organization
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01 floor system BuildingConstruction151 The idea of a Floor System FLOORS Floor system are a building’s primary element supports both loads: a) Live load- I.e people‚ movable equipment) b) Dead loads-(weight of floor construction itself) Floor system transfers loads to: beam column or bearing walls. A construction‚ on ground level or at an upper level of a building or structure‚ on which people walk or place furniture or appliances. It is part of a room or space that forms it’s lower enclosing
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Crossing the Floor – Conflict‚ Politics‚ Power and Politicians Case Questions 1. Where are the power issues in this case? What is your assessment of the relative power of the key individuals and groups (Stephen Harper‚ David Emerson‚ the riding association‚ the voters)? The newley elected prime minister Stephen Harper had legitimate power in that he was elected to the post of prime minister. His party had genuine power in that they won the election. Harper is entrusted in a very powerful position
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Derivatives are not the easiest financial instruments to understand and they can definitely get very complex. Regardless‚ derivatives have a long-standing history and have grown in popularity in the financial sector. Some would be surprised to learn that derivatives actually arose many‚ many centuries ago and are not something that just came into importance in the last few decades. In history‚ derivatives have evolved into what they are today. Previously‚ farmers primarily utilized derivatives
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