Enron Ask Why? How Unethical and Illegal Behavior Ruined Lives Brief History of Enron Enron was an energy company based in Houston‚ Texas that dealt with the energy trade on an international and domestic basis. Enron formed in 1985 when Houston Natural Gas merged with InterNorth. After several years of international and domestic expansion involving complicated deals and contracts‚ Enron became billions of dollars in debt. All of this debt was concealed from shareholders through partnerships
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What are the reasons why Enron collapsed? * Investments Enron dealt in energy. According to Infinite Energy‚ the first and main cause of Enron’s collapse was failed investments. Enron invested money in fiber-optic networks‚ a power plant in India and water distribution in the United Kingdom‚ to name a few. While a company the size of Enron could afford occasional losses‚ the mounting‚ failed investments added up and created a plethora of debt. * Hidden Losses Infinite Energy states that
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ethical challenges at home and abroad along with how Wal-Mart continues to make corporate social responsibility a priority in its business across the globe. The teams review begins with the history of Wal-Mart‚ which can be traced back to the 1940s when Sam Walton began his career in retailing. In May of 1950‚ Walton purchased a store in Bentonville‚ Arkansas and opened Walton ’s 5 & 10 (Tribble‚ 1990). The company steadily grew throughout the 60’s and 70’s through a combination of underselling the competition
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was the first and last pact signed between Congress and Muslim league. Why the Lucknow Pact of 1916 was made? When Bengal was partitioned in 1905‚ Hindus reacted against the decision and they went on violent protests and boycotts of British goods. On the other hand‚ the Muslims remained loyal to the British rule. The British could not sustain the pressure of demonstrations and reversed the decision of partition in 1911. This was a betrayal to the Muslims’ loyalty. They realized the British rulers
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Purpose Entity Enron had high levels of debt. To attract new investors‚ Enron needed to find a way to hide those debts. Andrew Fastow‚ CFO of Enron‚ turned to Special Purpose Entity (SPE). Several legal entities such as LJM and raptors were created and the poorly performing stocks were transferred to these entities. Then‚ the SPE were used to borrow large sum of money from investors with Enron’s overpriced stock as collateral. These SPEs were not reported on the financial statements. In this way‚ the
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ENGL 1101 Why Companies Profits Declined Since the beginning of the last recession United States companies profits have declined drastically. Small local businesses were hurting because of the recession. Record shows “The boom in American corporate profits‚ which has far outpaced the gains in the broader economy since the end of the last recession‚ is faltering” (Schwartz). Even companies worldwide whose majorities of its customers were Americans suffered a loss. Europe economy has taken a down
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the documentary film Hungry for Profit agribusiness’ main purpose is profit as in the end agribusiness is in fact a business. With this in mid it should not come as a surprise that agribusiness‚ despite all the propaganda‚ isn’t a solution to the world food issues‚ in fact one can argue it is a cause for some as they choose to sell their product to foreign markets instead of locals ones in order to make more money. One example of this is seen in the Philippians were Del Monte began to set up operations
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The Loyalists were the people who didn’t want to be divided from the Britain. The Loyalists were loyal to the Britain although they weren’t being treated as a human‚ by the Patriots. If you were a Loyalist you would be hanged or immediately sent to jail. And families that were patriots and loyalist would be separated. The patriots stayed in the thirteen colonies and the loyalists came to what is known as Canada now. Loyalists ancestors descend from places like England‚ Scotland‚ and Ireland. The
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Why is anthro important? Important to understand the diversity Important to be tolerant Important to be able to apply our knowledge Anthropological perspective What makes anthro unique Comparative: views humans across time and space (comparative method) Has many sub areas; past present or future anthropologist spend many years studying in different countries how people act allows others to compare ex‚ students researching product of ethnographic (generalizations based on comparative
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Why did Negroponte do what he did? Why was this necessary? The idea of One Laptop Per Child (OLPC) was born in 1999‚ as Professor Nicholas Negroponte was visiting a Cambodian rural village school previously established by him and his wife. By letting children play with some Panasonic “Toughbook” laptops‚ Negroponte experienced the power of change that could be brought about by laptops. He was impressed by how “it changed their lives in several ways‚ improving self-esteem and empowerment and fulfilling
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