Imane Malihi Prof. Fred Friend BLW411/511 March 27‚ 2014 The Downfall of Enron Corporation “Ethics and integrity are at the core of sustainable long term success … Without them‚ no strategy can work and‚ as Enron has demonstrated‚ enterprises will fail. That’s despite having some of the ‘smartest’ guys in the room.” by Richard Rudden. As the quotation states‚ ethics and integrity play a key role in the success of any corporation; through these principles‚ companies can ensure their compliance
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3 a. Formation 3 b. Operations 3 c. The Success 4 d. All that glitters is not gold 4 e. The Fraud 4 3. Products 5 4. Enron Scandal – The Company Fraud 8 f. What Happed? 8 5. Techniques used in the Company Fraud 9 g. Revenue Recognition 9 h. Mark-to-market accounting 9 i. Special Purpose Entities 10 j. Executive Compensation 11 k. Risk
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state of Saxony. 2008: First seizure of MDPV in the United States. 2009: MDPV became illegal in Denmark. 2010: MDPV made a controlled drug in the UK‚ Sweden‚ Germany‚ Australia and Finland. First reports of the widespread retail marketing of ’bath salts’ containing MDPV in the U.S. The US recognizes both Mephedrone (July‚ 2010) and MDPV (December‚ 2010) "a drug and chemical of concern". 2011: MDPV sale and possession are banned in Alabama‚ Arkansas‚ Delaware‚ Florida‚ Georgia‚ Hawaii‚ Idaho
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in this case: how did Enron lose both its economical and ethical status? This question makes the Enron case interesting to us as business ethicists. Enron ethics means that business ethics is a question of organizational "deep" culture rather than of cultural artifacts like ethics codes‚ ethics officers and the like. BackgroundAt the beginning Enron faced a number of financially difficulty years. In 1988‚ the deregulation of the electrical power market took effect and Enron redefined its business
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Bath Salts Since synthetic drugs have become a common theme in the news I wanted to look more into “bath salts” otherwise known as synthetic cathinones. The questions I was pondering were: what exactly do these “bath salts” do‚ how is this latest development in drug abuse affecting the brain and how can you treat someone on these dangerous chemicals? I used Google Scholar to research my topic. http://scholar.google.com/scholar?hl=en&q=Minnesota+Bath+Salts&btnG=&as_sdt=1%2C24&as_sdtp=
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Enron: Leadership without Ethics and Practical Execution Enron‚ once one of the largest energy public companies globally‚ achieved a $65 billion asset volume but only took 24 days to go bankrupt. Initially‚ its main service is extracting natural gas and manufacturing energy-using products‚ but the excessively aggressive and benefit-oriented type of operation makes the company create lots of so-called "innovative" investment department and financial products. All these activities played as the
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ENRON: A FINANCIAL REPORTING FAILURE? Anthony H. Catanach Jr.1 Associate Professor 610-519-4825 anthony.catanach@villanova.edu and Shelley Rhoades-Catanach Associate Professor Both at Villanova University College of Commerce and Finance Department of Accountancy INTRODUCTION The dramatic collapse of Enron Corporation‚ following a series of disclosures of accounting improprieties‚ has led many to question the soundness of current accounting and financial reporting standards. Within Enron’s reported
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Abstract - The Enron scandal is one of the biggest financial scams ever to take place and its root’s lie in the desire of the senior members of Enron to earn as much for themselves as possible and were assisted in this greatly by the negligence shown by their auditor’s and consultants‚ Arthur Andersen. Most of the debts and tangible assets of Enron were on the balance sheet of partnerships that were run by high-ranking officials within the corporation and these partnerships were recorded as related
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predominantly a patriarchal society during the Middle Ages. “The Wife of Bath Tale” is satiric and shows the power the Wife has. He satirizes this patriarchal society though his characterization of the Wife of Bath. The narrator describes her as a woman of means who has been married five times. The theme in her characterization and her stories ironically shows that women do have power. The feminist tale begins with the Wife of Bath telling the pilgrims about her “mastery over her [five] husband[s].”
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Bath Salts Nothing to Relax About PSY 101-06 Ann Blumer Linisa E Beal Portfolio #8 Something close to an epidemic is happening in real communities across the state of Maine and Bangor is being labeled as "ground zero". A drug called chemically MDPV or methylenedioxypyrovalerone has surfaced in this area. Its street name goes by a myriad of different names mainly bath salts. We’ve heard it called Monkey Dust‚ Bliss‚ and Ivory Wave. Call it
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