While I enjoyed reading the Enron Case Study by Sims and Brinkmann and found it to be extremely informative‚ the movie‚ Enron: The Smartest Guys in the Room‚ provided additional information‚ details‚ and context regarding the individuals‚ decisions‚ and factors that contributed to Enron’s downfall (McLean & Elkind‚ 2003). To begin with‚ the movie delved into Ken Lay and Jeff Skilling’s personal‚ educational‚ and professional background and provided context regarding how their backgrounds influenced
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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 fixed delivery routes with set prices. Enron Producers Pipeline
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Bibliography: http://usnews.nbcnews.com/_news/2012/07/24/12930009-penn-state-faces-more-fallout-from-sex-abuse-scandal?lite http://www.washingtonpost.com/sports/penn-state-football-punished-by-ncaa-over-sandusky-scandal/2012/07/23/gJQAGNeM4W_story.html http://www.bloomberg.com/news/2012-06-23/ex-assistant-coach-jerry-sandusky-convicted-in-trial.html http://www.pennlive.com/midstate/index.ssf/2012/07/jerry_sandusky_case_penn_state_2
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Barclay Bank Scandal LAW/531 September 16‚ 2012 Barclay Bank Scandal This week our team decided to reflect on the Barclay Bank Scandal. We discussed how this scandal has affected banks all over the world and how it is affecting the people‚ especially those who have mortgages‚ student loans‚ and credit cards. People will see their interest rates go up even hirer than they are now. Barclay has issued an apology and is now trying to put
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Conclusion Role of Institutional Environment In China 10 Regain Trust and Support 11 Effect on China’s Image 12 Western Perception Toward Asian Countries 12 Lesson Learn From Scandal 13 Bibliography INTRODUCTION The case discusses the tainted milk scandal that was unearthed in China in 2008. The milk scandal became public in August 2008‚ after it was disclosed that the baby formula produced by the Chinese dairy products company‚ Sanlu Group was contaminated with melamine‚ which caused
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The Jerry Sandusky scandal involved his involvement with abusing young boys and men in 2010 (Crandall‚ Parnell‚ & Spillan‚ 2013). Since the trial and Sandusky’s conviction of 45 counts of child abuse in 2012‚ there has been more information about case. Since the 2012 trial‚ Sandusky requested for a new trial or for the dismissal of his charges‚ however‚ it was denied (Scolforo‚ 2017). Sandusky still says he is innocent and wrongly convicted. Joe Paterno‚ the Head Football Coach at Penn State during
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The Clinton scandal with monica lewinsky was similar to Nixon’s in several ways. Linda Tripp first discovered the scandal when she spoke with Monica Lewinsky‚ who told Tripp of her ongoing sexual relationship with the Bill Clinton. Tripp went onto investigate the situation by taping her and Monica’s conversations during October of 1997 (Cohen 28-29). Lewinsky was later called into another Clinton sex scandal‚ the Paula Jones case. Lewinsky told Tripp over the phone before this‚ that she was going
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Reggie Bush: Is He to Blame for USC’s Sanctions? “What happened to the days young children could look up to their sports heroes with pride and think that they someday would want to be just like them?”‚ (Finnegan 4). This question is now being asked more often than ever. The sports stars we look up to and admire are surrounded by talks of cheating. One prime example of this happening is the case of Reggie Bush. Reggie Bush was a running back at the University of Southern California. At USC‚
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transcontinental railroad. The company took part in complex arrangements in which a several of the partners contracted with themselves for the construction of the railroad. As a result of this scandal‚ Credit Mobilier stocks paid dividends of three-hundred and forty-eight percent in the first year (Hoops 59). The real scandal took place not in the west‚ but in the House of Representatives‚ where Oakes Ames "sold" stock at par value to "where they will do the most good (McPherson 585)." In the investigation
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Enron: Questionable Accounting Leads to Collapse In the case of Enron‚ it comes down to pure greed and a lack of accountability. From the top‚ there was illegal activity with Ken Lay‚ Jeffrey Skilling‚ and Andrew Fastow who raided the company as though it was their own personal bank. On top of that‚ the culture of the rest of the company was to make as much money as they could and employees were rewarded by the amount of profit they could make without questioning the ethical means to do so.
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