Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized
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Ethics Case Study Catherine Bumgarner HCS/335 July 24‚ 2011 James Dockins Abstract Jerry McCall is a Licensed Practical Nurse in Dr William’s office. In addition to being an LPN‚ he is also trained as a medical assistant. Jerry is handling the phone calls for the receptionist while she is at lunch. One of Dr. William’s patients calls and asks for a refill on his prescription of valium. No one is in the office but Jerry. This paper will determine if Jerry’s medical training qualifies him
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What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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Enron‚ the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people‚ and in reality it is a tragedy. Enron made their stock sky rocket through unethical means‚ and in reality this company kept losing money. The primary value operating among the traders was greed‚ money‚ and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunity
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This paper‚ which describes a nursing students experience in a hospital setting‚ explores how patient’s rights outlined in the Queensland Health Public Patients Charter (2002)‚ were followed by health care providers at Cairns Private Hospital. Incidences where health professionals demonstrated good practice with respect to patient’s rights will be examined. Hospital initiatives currently in place to ensure health professionals are able to help patients to achieve better health while working within
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According to Aristotle‚ we get moral virtue as a result of habit and none of the moral virtues arise in us by nature‚ because nothing that exists by nature can form a habit contrary to its nature. Nature has no effect on how moral virtues arise in us. Instead‚ we receive nature when we adapt‚ and therefore are made perfect by habit. A good example Aristotle uses is that we have senses before we even know how to use them. Eventually we learn how to use them by exercising them everyday. Another good
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E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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Journal of Finance and Accountancy Arthur Anderson Auditors and Enron: What happened to their Texas CPA licenses? Daniel Edelman Texas A&M University-Commerce Ashley Nicholson Texas A&M University-Commerce ABSTRACT This article examines Arthur Andersen‚ its role with Enron‚ and what happened to some of its key players. The demise of Arthur Andersen and Enron was significant. Thousands of people lost their jobs and investments. As a result‚ new laws for publicly traded companies and auditing firms
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subordinate moral principle using the utilitarian theory as an example. A fundamental moral principle is a moral principle which is the ultimate basis for evaluating the rightness or wrongness of all acts. It is the ultimate and final reason in itself. It is the intrinsic value of the moral principle itself‚ not that it appeals to other moral principle or justified by other reasons‚ that makes it the fundamental moral principle. The absolutist nature of a fundamental moral principle is such that it
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ENRON Q1. Summary of Enron Scandal. Enron‚ a Houston-based energy firm founded by Kenneth Lay‚ transformed itself into the world’s largest energy-trading company over its sixteen years of lifespan. In 2001‚ Enron was one of the world’s largest energy groups‚ operating mainly in the USA. Though Kenneth played a smaller role in management‚ following the takeover‚ he soon became chief executive officer (CEO) and moved the headquarters from Omaha to Houston. During 2001‚ it had become apparent
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