and Society Review 110:1 59– 76 Applying the Agency and Stakeholder Theories to the Enron Debacle: An Ethical Perspective Blackwell Oxford‚ Business BASR © 0045-3609 O 1 110 BUSINESS CULPAN riginal 2004 Center UK Article and and Publishing‚ and TRUSSEL Society for SOCIETY Business Ltd. Review REVIEW Ethics at Bentley College REFIK CULPAN AND JOHN TRUSSEL INTRODUCTION W e examine the infamous Enron debacle from an ethical perspective by defining its theoretical underpinnings and analyzing the
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a "crisis of confidence" and a "national malaise" by the late 1970s. On July 15‚ 1979‚ Pres. Jimmy Carter gave the "malaise" speech‚ where he identified what he believed to be a crisis of confidence among the American people. He felt that the American people were no longer listening due to the assassination of important leaders‚ The Watergate scandal‚ and the Vietnam War. Many assassinations occurred in this era which shocked many Americans. On November 22‚ 1963‚ Pres. John F. Kennedy was assassinated
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there are a couple of questions that one might need to ask first in order to satisfy any curiosity on the issue or see if they really do share common interests. First of all‚ why are they referred to as the pillars of Islam‚ and what does each signify? Can a transformation really be achieved in an individual’s life by submitting to either Allah or God and observing what the symbol of the pillars might signify within each ones particular religion? Can one find comparable principles and practices
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Beowulf’s confidence throughout the story serves him as an asset in his fight against Grendel and Grendel’s mother‚ but when he needed it the most it served as a tragic flaw when fighting the Dragon. Beowulf had relied on this trait to help him in battle‚ but when he was no longer in heroic condition it failed him and lead to his death. Beowulf believed that he could beat almost any monster with or without a weapon due to this confidence‚ when he was in his prime‚ such as when he fought Grendel and
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Martirosyan Case 1.1 Qt.1 Several parties were responsible for Enron crisis‚ including independent auditor‚ key executive officers‚ internal auditors‚ SEC and FASB. The hypocrisy‚ dishonorable actions and unethical behavior of Kenney Lay‚ Jeffrey Skilling‚ Andrew Fastow led to bankruptcy. This and many other problems‚ such as loss in transactions involving the swaps stocks‚ SPE related issues and est.‚ finally contributed to crisis. As Enron executives‚ all of their concerns should have been focused
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What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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Reporting Verbs When using reported speech‚ most students learn to use "say" and "tell": Examples: John told me he was going to stay late at work. Peter said he wanted to visit his parents that weekend. These forms are perfectly correct for reporting what others have said. However‚ there are a number of other reporting verbs which can more accurately describe what someone has said. These verbs take a variety of structures. The following list gives you reporting verbs in various categories
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Deregulation Created the Subprime Mortgage Crisis The mid-1990s saw an economic revival. What incited this activity was a technology boom like no other. It created a new era of electronics and computing. There were cell phones‚ desktop and laptop computers‚ the Internet‚ electronic games‚ flat panel TVs and major advances in business software and efficiencies. The housing industry was a big benefactor of this new economy. Home prices began to rise again by 1996. The rate of home ownership during
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CRIMINAL LIABILITIES OF PUBLIC OFFICIALS misfeasance is any person‚ who‚ by direct provision of law‚ popular election or appointment by competent authority‚ shall take part in the performance of public functions in the government‚ or shall perform in said government or in any of its branches public duties as an employee‚ agent or subordinate official of any rank or class Dereliction of Duty by Officers Related to the Administration of Justice Articles 204 - 209 Art. 204
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The HealthSouth Debacle: A Legal and Ethical Perspective Jay Buntemeyer Regis University Abstract HealthSouth Corporation is the largest operator of rehabilitation hospitals in the United States. Since the company’s inception in 1984‚ HealthSouth has garnered the attention of Wall Street and millions of investors. However‚ the attention was because the iconic HealthSouth was involved in one of the largest accounting fraud scandals in United States history. HealthSouth’s founder and CEO‚ Richard
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