1. What led to the eventual collapse of Enron under Lay and Skilling? The collapse of Enron seems to be rooted in a combination of the failure of top leadership‚ a corporate culture that supported unethical behavior‚ and the complicity of the investment banking community. In the aftermath of Enron’s bankruptcy filing‚ numerous Enron executives were charged with criminal acts‚ including fraud‚ money laundering‚ and insider trading. Ben Glisan‚ Enron’s former treasurer‚ was charged with two-dozen
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Understand how to safeguard the well being of children and young people 1.1. Outline current legislation‚ guidelines‚ policies and procedures with own UK Home Nation affecting the safeguarding of children and young people Children act 1989 The Children Act 1989 was brought about to help keep children safe and well and‚ if necessary‚ help a child to live with their family by providing services appropriate to the child’s needs. The Act imposes a general duty on local councils to provide a range
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Introduction Enron was one of America’s leading companies prior to its spectacular collapse in 2001. It was frequently named as one of America’s top 10 most admired corporations and best places to work‚ and its board was acclaimed one of the US’ best five‚ according to Fortune magazine. As America’s seventh largest company‚ Enron experienced explosive growth through the 1990s. It had revenues of US$139 ($184) billion‚ US$62 ($82) billion in assets and employed more than 30‚000 people across 20
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October 17 & October 24‚ 2012 How is Aspirin Made? This lab is about synthesizing aspirin using a hotplate to heat the reaction. It involved vacuum filtration‚ recrystallization‚ and comparing the properties of aspirin with salicylic aspirin. The first thing we did in this lab was make a hot-water bath by putting a beaker with water on a hot plate. After measuring out 2.1 grams of salicylic acid and 3 ml of acetic anhydride‚ we mixed the two together‚ along with 3 drops of sulfuric acid. We
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1. Enron was valued at $2.3 billion when it was formed in July 1985. On August 23‚ 2000‚ its stock was at $90 per share and it had a market capitalization of $65.9 billion. Explain the major business practices that created such dynamic growth in the price of the stock. Enron used many different tactics to inflate their stock prices. The one that sticks out to me is when they signed a 20-year contract with Blockbuster. Early in the contract Blockbuster and Enron parted ways with a null and void
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major share-holdings in numerous companies throughout the 1980’s. The acquisition strategy resulted in an extremely complicated cross-shareholding-based structure. It was noting that the maximum amount of shareholdings of any company in other group entities was all kept below 50 per cent. For example‚ more than 90% of Tooth & Co Ltd was owned by the group‚ but the big shareholding were split into three parts each of which is under 50%. In this way‚ Tooth was consolidated by none of them. It could be said
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How far would you agree with the view that Curzon made a ‘colossal failure’ of his job as Viceroy. It was Curzon’s life ambition to become Viceroy of India‚ therefore he worked extensively as a young man to ensure that he was prepared for the job should the situation arise that he was given the job of Viceroy. As a boy he studied at Eton and Oxford which would show not only that he gained the level of education expected of someone that would later become Viceroy but also that he represented the
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The overall cause for Enron’s bankruptcy should be blamed on former chairman and CEO‚ Kenneth Lay. As an Enron executive‚ all of Lay’s concerns should have been focused on Enron’s profits‚ but all he cared about was his property. When he noticed Enron’s financial problem‚ he did not attempt to fix it‚ but made effort to maintain his own benefit and ignored the whole company’s and investors’ loss. His selfish and unethical behavior not only deceived the investors but also finally resulted in Enron’s
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UNDERSTANDING HOW TO SAFEGUARD THE WELL-BEING OF CHILDREN AND YOUNG PEOPLE ASSIGNMENT 026 TASK A Danielle Hall SECTION 1(Ref 1.1)PG1 THE MAIN CURRENT LEGISLATION‚ GUIDELINES‚ POLICIES AND PROCEDURES WITHIN OWN UK HOME NATION FOR SAFEGUARDING CHILDREN AND YOUNG PEOPLE ARE AS FOLLOWS‚ SAFEGUARDING (Local safeguarding Children Board‚ Children’s Act 1989‚ Protection of Children’s Act 1999‚ The Children’s Act (every child matters 2004) and Safeguarding Vulnerable Group’s Act 2006)‚ Data Protection
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social responsibility pyramid: legal‚ economic‚ ethical and philanthropic. According to Carroll‚ “corporate social responsibility involves the conduct of a business so that it is economically profitable‚ law abiding‚ ethical and socially supportive”. This particular pyramid identified by Carroll adjusts the economic responsibility of a company as the base of the pyramid where all the other three responsibilities lie. Yet‚ is it such that the social responsibility of business is limited to its economic
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