UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚ a utility servicing the Pacific Northwest
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The Enron Kaiwing Ho Ethics‚ Governance & Accountability BU.135.301.U2.FA12 Professor Crain November 21‚ 2012 Enron Since Enron Corporation has been bankrupt there were 20‚000 employees lost their jobs‚ medical insurance and average severance pay was only $4500. However‚ the top executives were paid bonuses totaling $55 million. In 2001‚ employees lost $1.2 billion in retirement funds and retirees lost $2 billion in pension funds. Yet‚ Enron’s top executives cashed in $116 million
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“What Went Wrong at Enron?” Trident University International Phillip M. Cherry Module 5 Case Assignment ETH 501: Business Ethics Dr. Michael Garmon March 1‚ 2012 3/1/2012 Introduction In this paper I will provide a critical evaluation of the Corporate Culture at Enron‚ explain how the business ethics and operations were influenced by the corporate culture‚ and what went wrong. In addition
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Part B: What role did the CFO play in creating the problems that led to Enron’s financial problems? In order to prevent the losses from appearing on its financial statements‚ Enron used questionable accounting practices. To misrepresent its true financial condition‚ Andrew Fastow‚ the Enron’s CFO‚ takes his role involving unconsolidated partnerships and “special purpose entities”‚ which would later become known as the LJM partnership. Taking advantage from the SPEs’s main purpose‚ which provided
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Enron: The Smartest Guys in the Room Importance of Accounting Accounting is important because it manages the checkbooks of company which are important to analyses and determine the success of the business by looking through the different account statements and translating the company documents. An accountant or accounting firm starts and maintains auditing of a company. Accounting is also important because it offers a great assistance in planning the future investments as well as being able
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Houston‚ Texas an American energy‚ commodities‚ and services company named ENRON CORPORATION was Ranked number 7 on the fortune 500 list in 2000‚ it was one of the most famous and largest integrated natural gas and electricity companies in the world. The company went bankruptcy on December 2‚ 2001. But before that it marketed natural gas liquids around the world and was working as one of the biggest natural gas transmission systems in the world‚ with transmissions over a massive area of 36‚000 miles.
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importance of the rank Staff Sergeant The rank of Staff Sergeant is the sixth rank in the United States Marine Corps enlisted rank structure. Being a Staff Sergeant also bestows upon the individual receiving the rank the title of Staff Non Commissioned Officer. Staff Sergeants are usually experienced Marines with 10 to 13 years of experience behind them on average. A staff sergeant is a Staff Noncommissioned Officer at DoD paygrade E-6‚ with a starting monthly pay of $2281.20. The rank of Staff Sergeant
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The history of the rank of Sergeant begins roughly about the year 1942 and it’s the oldest rank in the Marine Corps. The rank was used by both of the armies in the civil war but the colors of the three stripes that the rank Sergeant carries as a insignia varied depending on the job you had. Artillery had red‚ infantry had blue‚ cavalry had yellow and later in the war‚ sharpshooters had green. All had three stripes for both the armies‚ the Union Army and the Confederate Army. Before from the start
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Before I can truely go into that I figured I must first go into what exactly the rank structure is. What each rank actually means. Not just to me but to the army. Private- Private First Class This is the first fe wranks within the United States Army. It from the Latin word privus or perhaps privo it is a person without (deprived of) an office. That certainly describes a Private in the Army. The term as a military rank comes from the Sixteenth Century when individuals had the privilege of enlisting
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Question 1: How did the Corporate Culture at Enron contribute to its bankruptcy? The corporate Culture at Enron could have contributed to its bankruptcy in many ways. Its corporate culture supported unethical behavior without question for as long as the behavior resulted in monetary gain for the company. It was describe as having a culture of arrogance that led people to believe that they could handle increasingly greater risk without encountering any danger. Its culture did little to promote
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