Kenneth Lay founded Enron in 1985. Two years after its founding‚ the company becomes embroiled in scandal after two traders begin betting on the oil markets‚ resulting in suspiciously consistent profits. Enron’s CEO‚ Louis Borget‚ is also discovered to be diverting company money to offshore accounts. After auditors uncover their schemes‚ Lay encourages them to "keep making us millions". However‚ the traders are fired after it is revealed that they gambled away Enron’s reserves‚ nearly destroying
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| Ethical Problems and Solutions With Tylenol and Enron | | | Many large corporations are often are faced with ethical issues that determine the success of the company. Two of the most famous companies that were faced with ethical dilemmas was Johnson and Johnson and Enron. One of these companies was able to deal with their ethical dilemma correctly and it saved the company‚ while the other company did not properly handle its ethical issues and it resulted in the collapse of the company.
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4 Approaches to CSR Corporate social responsibility is the management’s obligations to make choices and take actions that will contribute to the welfare and interests of society as well as the organization. CSR can be a difficult concept to be understood because different people have different beliefs as to which actions improve society’s welfare. To make matter worse‚ social responsibility covers a range of issues‚ many of which are ambiguous with respect to right or wrong. Eg. Kmart declare bankruptcy
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Enron: Questionable Accounting Leads to Collapse In the case of Enron‚ it comes down to pure greed and a lack of accountability. From the top‚ there was illegal activity with Ken Lay‚ Jeffrey Skilling‚ and Andrew Fastow who raided the company as though it was their own personal bank. On top of that‚ the culture of the rest of the company was to make as much money as they could and employees were rewarded by the amount of profit they could make without questioning the ethical means to do so.
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Prescriptive Case Study Three Ms. Tesla comes into the cardiology office‚ complaining of fatigue‚ palpitations‚ shortness of breath with mild activity‚ ongoing consistently for the past week without any chest pain or syncopal episodes. She is a 75-year-old woman with a history of atrial fibrillation (AFib)‚ controlled type 2 diabetes‚ myocardial infarction (MI) with a history of percutaneous coronary intervention to right coronary artery‚ stage IV chronic renal failure‚ and a mild mitral regurgitation
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Jeff Kindrai Approaches to Decision Making I chose scenario number two. Managers oversee as well as them having to come up with the best decisions to solve issues or difficulties overall to preserve their division and have it run smooth. There are various decision making approaches‚ but I will only talk about two and they are bounded rationality and rational. When decisions are being made
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Ashley Norton Psy-270 Final Project- Marla’s Disorder Due-Sunday Dysthymia Disorder Marla is a 42-year-old Hispanic female who comes to the mental health clinic complaining of having trouble sleeping‚ feeling "jumpy all of the time‚" and experiencing an inability to concentrate. These symptoms are causing problems for her at work‚ where she is an accountant. Before I could tell Marla’s that she may be suffering from Dysthymic Disorder I would need to really take a look in her life and understand
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Motivational Motivational theories essentially state the behavior is based on a factor of motivation for the individual. (Taylor‚ 2006) An example would be the man who steals in order to feed his family. This implies the cognitive and the learning theory. The learning theory may be implied as his father was a strong provider and the thief may want to accomplish in the same manner as his father did. The cognitive theory may be associated depending on how the individual views his world. Certain
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Enron: Questionable Accounting Leads to Collapse The Enron Corporation was established by integrating two major gas pipelines in 1985. The Company provided products and services related to natural gas‚ electricity‚ and communications and it was one of the world’s leading organizations at these sectors with claimed revenues of nearly $101 billion in 2000. Throughout the 1990s‚ Chair Ken Lay‚ chief executive officer Jeffrey Skilling and chief financial official officer Andrew Fastow transformed
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Enron Corporation (former NYSE ticker symbol ENE) Enron Corporation (former NYSE ticker symbol ENE) Cierra Gause Abstract This paper will describe the legal environment of business‚ the sources of American law‚ and the basis of authority for government to regulate business‚ differentiate between civil law and criminal law and describe the various classifications of crimes as it relates to Enron and the scandal the caused their downfall by using technology and information resources to research
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