UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚ a utility servicing the Pacific Northwest
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Pronoun is changed in Person) iii. The verb “am” is changed to “was”. iv. The adverb “now” is changed to “then”. Rules for changing Direct into Indirect Speech: A. When the reporting or principal verb is in the Past Tense‚ all the Present Tenses in the Direct Speech are changed into Past Tense. a. A simple present tense becomes simple past tense. Example: • Direct : He said‚ “I am unwell.” • Indirect: He said that he was unwell. b. A present continuous tense becomes a past continuous
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2013 Cartoon Argument Confidence‚ Overconfidence‚ and Arrogance This cartoon drawing is a prominent example of a person who possesses overconfidence‚ confidence‚ and arrogance. I reassure you that I love people with confidence. I trust that the person who produced this cartoon feels the same way. Although confidence is a good trait to gain‚ there is a difference between confidence‚ overconfidence‚ and arrogance. Confidence is astounding. If a person acquires confidence then they are more likely
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Public Relations and Crisis Management Hung Fook Tong Table of Contents Executive Summary 2 Define and Explain the Crisis 3 Crisis Management Concepts and the Crisis 4 Crisis Management Strategies and Communication Strategies - Actual 5 Executive Summary This report critically defines‚ analyzes and provides recommendations on a recent crisis Hung Fook Tong (HFT) has encountered‚ product deficiency. Through crisis management concepts‚ communication strategies this report will show what
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could have prevented the fall of Enron. First of all‚ if the board of directors made the right strategies for Enron rather than created hundreds of SPEs to remove assets and debts off balance sheet‚ the picture of Enron could have made a difference. Secondly‚ if the audit committee of Enron could point out all those aggressive and risky accounting treatment and propose solutions‚ then the afterward damages could be eliminate or at least minimized. c. The BOD of Enron should have known about the risks
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or competitive situation.” The Aftermath Affects On December 2‚ 2001‚ Enron filled for bankruptcy under chapter 11 of the US banking code. This sudden collapse of one of Fortune 500 largest companies shocked the world. Once the world’s largest energy company‚ Enron’s scandal became the largest bankruptcy recognition and was attributed as the biggest audit failure in American history. The impact of this downfall was felt within the company and throughout the business world. As Enron’s stock
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The Enron Kaiwing Ho Ethics‚ Governance & Accountability BU.135.301.U2.FA12 Professor Crain November 21‚ 2012 Enron Since Enron Corporation has been bankrupt there were 20‚000 employees lost their jobs‚ medical insurance and average severance pay was only $4500. However‚ the top executives were paid bonuses totaling $55 million. In 2001‚ employees lost $1.2 billion in retirement funds and retirees lost $2 billion in pension funds. Yet‚ Enron’s top executives cashed in $116 million
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Abstract - The Enron scandal is one of the biggest financial scams ever to take place and its root’s lie in the desire of the senior members of Enron to earn as much for themselves as possible and were assisted in this greatly by the negligence shown by their auditor’s and consultants‚ Arthur Andersen. Most of the debts and tangible assets of Enron were on the balance sheet of partnerships that were run by high-ranking officials within the corporation and these partnerships were recorded as related
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and one’s abilities. It is the confidence of the type: "I can do this". " I have the ability to do this". Self-confidence is the one thing that is much more important than many other abilities and traits. If you do not have self-confidence‚ what you do will never become fruitful at all. The fruits of what you do without self-confidence are lost. Genuine self-confidence is the forerunner of achievements. Self-confidence integrates the powers of mind and body and focuses them towards the goal. Only
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Organization Development Paper on Daewoo Debacle a Tale of Riches to Rags (A Classic example of Chaebol‚ and its failure) Submitted to: Prof. Jatin Christie By Sumita Banerjee Roll No. B-04 The Rationale of the choice of topic and the company In 1999‚ the Daewoo Group‚ one of the biggest transnational conglomerates‚ collapsed‚ committing a staggering $15.3 billion in accounting fraud in the process‚ the largest in world history. In 2006‚ its chairman was sentenced to eight years in prison and
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