The Rise and Fall of Salomon Brothers Treasury Bond Scandal- 1991 Executive Summary Salomon Brothers was at one time‚ the largest bulge bracket firm on Wall Street. Although it offered a number of financial services‚ it had established its name through the legacy of bond trading. Its bond trading department boasted of iconic traders of 1980’s era- John Meriwether and Myron Sholes. Salomon Brothers can be considered as the founder father of mortgaged back securities trading on the Wall Street
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Williams‚ CPA Today • Introductions – hand out • Syllabus • High level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on
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times. The Assyrian Empire was located in northern Mesopotamia region near the start of the Tigris and Euphrates Rivers. Throughout history‚ the Assyrian Empire rose and fell several times. During their rises‚ the Assyrian Empire conquered its enemies and expanded its territories. During the falls‚ the Assyrians came under the rule of the Babylonian Empire. The Assyrian empire was ruled by kings whose power was absolute. They became well organized with the leadership they have. The Assyrians developed
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political‚ ideological‚ military‚ and economic values and ideas. Though military build up was great on both sides neither one ever directly fought each other. In this essay I’m going to bring forth the following points: Rise of the Cold War‚ events in and because of the Cold War‚ and the fall of Russia. Again Germany had been thwarted in its plans of total domination. It had been a combined effort by all the Western powers and a few Eastern powers too. England was devastated‚ France had been literally
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The Rise and Fall of the Federalist Party George Washington’s Farewell Address was written to the people of the United States at the end of his second term as President. He wrote this as a result of his experiences‚ what he noticed‚ and saw while in his term. And he wanted to help out the next president that was coming into office. There was 6 themes that was part of the Farewell Address: extolls the benefits of the federal government‚ warns against the party system‚ stresses the importance of
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The Rise and Fall of the Great Powers - Economic change and Military conflict from 1500 to 2000 By Paul Kennedy Fontana Press‚ London‚ 1989. This fascinating book by Paul Kennedy‚ a professor of history at Yale University‚ is about the changing balance of power in the past 500 years. The book explains the interaction between economics & strategy and relates military conflicts to economic progress. As the author puts it‚ “Wealth is usually needed to underpin military power and military power
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HIS 1515-101: History of Modern Empires The Rise and Fall of the Colonial Empire 1800-2000 According to the Traditions and Encounters‚ the process of decolonization refers to “a form of regime shift‚ a changed relationship between the colonizing power and colony.” Such decolonization occurred with the end of European empires in African and Asian countries after the pressures of the First and Second World War and the rise of nationalism. The period between the years 1900 to 1959 reflect a shift
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The rise and fall of ABC Learning Q1: The aspects of the business strategy of ABC Learning resulted in increased business risk for the company including: the rapid expansion of market share‚ over-indebt‚ and blinding overseas investment. Rapid expansion of market share: ABC‚ which at its peak had almost 2200 centres in four countries‚ also had a flawed strategy to handle significant and rapid growth. When A.B.C. Learning Centers listed on the stock exchange in March 2001‚ it was a tiny operation
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The Rise and Fall of The Great Gatsby The Great Gatsby revolves around the idea of achieving the American dream‚ and money plays a big role in this concept. During the 1920’s‚ money was acting as the key to happiness. Fitzgerald portrays the main character‚ Jay Gatsby as a very wealthy man that believed he could achieve happiness with money in hopes of luring Daisy to fall in love with him. who as a well known man who was very wealthy and had lavish parties and kept many secrets to fulfill his American
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THE RISE AND FALL OF ABSOLUTE MONARCHY LOUIS XIII During his reign power was centralized around the work of the statesman‚ Cardinal Richelieu. Louis XIII fell completely under his control. Richelieu became in power through his friendship with Marie de Medici‚ and he was also her official advisor. Later he became the real power behind the throne. Richelieu worked to centralize and strengthen the government‚ as well as clear any opposition against it. He eventually banished the queen reagent when
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