When Jeff Skilling took the major energy company Enron over‚ he contributed to the hiring and development of an entire corporation with a crooked staff whom were corrupt all the way from the bottom employees to the top executives. Top executives “cooked the books” through a certain structured finance including accounting ambiguities‚ special purpose entities‚ and poor financial reporting. They were able to hide billions of dollars in debt from failed deals and projects. CFO‚ Andrew Fastow and other
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The Unexpected Collapse of Enron Colleen Long LDR/531 April 3‚ 2010 Kemit Grafton The Unexpected Collapse of Enron Beginning in 1985‚ Enron was formed through a merger of Houston Natural Gas and Internorth‚ Enron Corporation. It was the first nationwide natural gas pipeline network‚ which shifted its focus from regulate transportation of natural gas to unregulated energy trading markets. Enron was a huge company that traded electricity‚ oil‚ gas‚ plastics‚ and other variables
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A business model of the times The Enron bubble was a prime example of the dominance of speculative finance in business. V. SRIDHAR MORE than two months after Enron‚ the seventh biggest corporation in the United States‚ filed for bankruptcy‚ the stench of scandal refuses to die. Shocking revelations about the company’s modus operandi continue to pour in. Public and media attention was initially focussed on the company’s close ties with the political establishment and the policy-making bureaucracy
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Enron Summery of Enron case The Enron scandal has far-reaching political and financial implications. In just 15 years‚ Enron grew from nowhere to be America’s seventh largest company‚ employing 21‚000 staff in more than 40 countries. But the firm’s success turned out to have involved an elaborate scam. Enron lied about its profits and stands accused of a range of shady dealings‚ including concealing debts so they didn’t show up in the company’s accounts. As the depth of the deception
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4.14 TRIANGLES Triangles are three-sided shapes that lie in one plane. Triangles are a type of polygons. The sum of all the angles in any triangle is 180º. Triangles can be classified according to the size of its angles. Some examples are : Acute Triangles An acute triangle is a triangle whose angles are all acute (i.e. less than 90°). In the acute triangle shown below‚ a‚ b and c are all acute angles. Sample Problem 1: A triangle has angles 46º‚ 63º and 71º. What type of triangle is this? Answer:
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management of Enron including Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow. These managers created a tone at the top of Enron that allowed and encouraged accounting that mislead investors. The audit team at Anderson and especially David Duncan the lead partner for Enron’s audit holds responsibility. Anderson was negligent in finding problematic accounting used by Enron. In addition‚ Anderson made millions on consulting services provide to Enron which makes their independence for Enron come into
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Enron is a company that specializes in energy and power industry. They provide gas‚ oil‚ and electrical services worldwide. These comprise wholesale services‚ retail energy services‚ broadband services‚ and transportation services. They have reported revenues of $100.789billion‚ $40.112billion‚ and $31.260 billion for the years 2000‚ 1999‚ and 1998 respectively. This is a growth of 151.3% from year 1999 to 2000 and 28.3% from 1998 to 1999. This is unparalleled in the relatively stable energy business
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Question #3 – Triangle Shirtwaist Factory Fire The Triangle Shirtwaist Fire that occurred in New York City on March 25th 1911‚ was truly a tragedy in American history. So many lives were lost due to circumstances that could have been avoided. This disaster left a lasting impact on society during that time and due to lessons learned‚ resulted in workplace changes and triggered many new laws. The Triangle Shirtwaist Factory was a factory in New York City that was employed hundreds of young immigrant
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the area of the Bermuda Triangle; many people make inferences on what they believe is true ‚ but no one actually knows the truth behind it all . The Bermuda Triangle is a triangular area of the North Atlantic Ocean and it lies between Miami ‚Florida; San Juan‚ Puerto Rico‚ and of course the Island of Bermuda. The Bermuda Triangle is 140‚000 Sq. miles in size . (Paranormal Encyclopedia .com) The Bermuda Triangle has become a controversial issue world wide. The Bermuda Triangle is a social issue due
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PLAN WEEK 5 Dr. Tonjes September 2011 LESSON: Oblique Triangles‚ Laws of Sines and Cosines INTRODUCTION: Student will demonstrate how to apply laws of sines and cosines to oblique triangles. OBJECTIVES: After completing this unit‚ the student will be able to: 6. Use the Law of Sines and the Law of Cosines to solve oblique triangle problems. 6.1. Summarize the Law of Sines. 6.2. Find the area of an oblique triangle using the sine function. 6.3. Judge when an ambiguous case of the Law
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