market maker in natural gas and other commodities. Enron successfully influenced policymakers to exempt the company from various regulatory rules‚ for example in the field of energy derivatives. This allowed Enron to enter various trading markets with virtually no government oversight. Arguably‚ regulation might have prevented Enron from taking some of the risks and making some of the mistakes which it did. While deregulation may initially have helped Enron‚ by allowing it to create and enter new markets
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Interpersonal communication is the method of sharing messages amongst two or more people. The hit television series “Scandal” directed by Shonda Rhymes is an intense plot with a group of people (Nicknamed Gladiators) that help people clean up scandals. Many conflicts arise during each episode between multiple individuals. The conflicts involve a variety of different scenarios between Olivia Pope and her team as well as White House Officials. Olivia Pope has an history of working in the White House
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reading through this section one situation that came to mind was all the issues at Penn State with Jerry Sandusky. Sandusky was convicted of multiple charges of sexual abuse during his time at the University and despite the University knowing that the scandal was going to take a turn for the worst‚ the decision was to stay quiet about it. The University stayed quiet for about eight months until they finally sought out help to get them out of the mess that was created by staying quiet. If anything a simple
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Ashe 1 ENG 130 11 February 2013 Another Political Scandal? Hmmm? Set entirely in North Carolina’s fourteenth congressional district‚ incumbent Congressman Cam Brady fends off a challenge from an odd‚ unordinary‚ and peculiar citizen named Marty Higgins in Jay Roach’s The Campaign. This film serves one purpose: to show the obvious problems political action committees (PAC’s) pose when they are allowed to permeate in a campaign. Congressman Cam Brady played by the notoriously humorous Will
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the tone for the entire company‚ and in this case‚ many of the stakeholders‚ as well (Enron: The Smartest Guys in the Room‚ 2005). Sometimes‚ examples of what does not work‚ is an excellent way to understand more clearly why something does work. Insight into Enron provides just such an example. Top management it clear that the only important aspect was to make money and continually grow the stock prices (Enron: The Smartest Guys in the Room‚ 2005). Even though several employees questioned‚ if
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Internal Revenue Service Scandal The Internal Revenue Service has been at the center of a controversial scandal along with a few political figureheads. This scandal has had Congress to convene several times and affected many officials. In Washington‚ lawmakers have had documents retained and personnel named to be summoned to testify. It is interesting that during a two-year period‚ 298 groups sought-after tax-exemption but a third of them received additional scrutiny. According to Shesgreen
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In a different time and place the type of business that the company Siemens engaged in was legal. Prior to 1999 this German company was using unethical business practices and a loop hole in German laws in order to bribe many different countries. These bribes were used in order to win contracts and make money. Even after proper laws were put in place‚ Siemens still found a way to ride the system. It was not until 2006 that everything was starting to unravel and Siemens had the rug pulled out from
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[Case/Article Name]: The Enron Wars – Vanity Fair | The Watkins Memo | Questions: 1. Why do you think the whistleblowers we’ve encountered have all been women? The first reason I guess is women are more considering about emotions not about objective facts. Maybe a man won’t do anything he thinks it is wrong. He will refuse wrong things immediately. But women judge things by their own standards. For instance‚ if a woman likes the person who tells a woman to do something wrong based
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in financial statements etc. However‚ accountants are required to behave ethically and professionally by providing clear‚ accurate information. In other words‚ true and fair statements are to be provided by accountants. Enron‚ Tyco international‚ are examples of accounting scandal. There’re some reason that cause those ethical issues arise which is due to the greedy mindset of accountant‚ tempted by money and take chance to fraud‚ Pressured by company’s executive and so on. When all these ethical
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Kenneth Lay founded Enron in 1985. Two years after its founding‚ the company becomes embroiled in scandal after two traders begin betting on the oil markets‚ resulting in suspiciously consistent profits. Enron’s CEO‚ Louis Borget‚ is also discovered to be diverting company money to offshore accounts. After auditors uncover their schemes‚ Lay encourages them to "keep making us millions". However‚ the traders are fired after it is revealed that they gambled away Enron’s reserves‚ nearly destroying
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