The Failures Of The Enron Scandal Essay - 2042 Words

It seems like business morals and ethics are being whisked to the side in lieu of the ever growing demand of higher stock prices, rising budget goals and investor profits. Despite the increased regulation of corporations through legislation, such as, Sarbanes-Oxley, some corporations still find themselves struggling to maintain ethics and codes of conduct within the workplace. In reviewing the failings of the Enron Scandal, one can heed the mistakes that both individual and organization malaise, such as, conflicts of interest, lack of true transparency and the sever lack of moral courage from the government, executive board, senior management and others, contributed to the energy giant’s downfall. Beyond the Dreams of Avarice A key factor to Enron’s fall from grace, was due to the foibles of its corporate leadership, in particular, how certain executives were willing to overlook unethical behavior in lieu of profits. For example, Ken Lay, Enron’s Chairman, espoused the ideals that Enron had higher level of morals than the average company (Gibney, 2005). However, on several instances, he failed to enforce or show that level of commitment. In the Vahalla case, he allowed traders that were involved in manipulating and gambling the company’s earnings to continue their operations, despite being warned of their fraudulent behavior (Gibney, 2005). His justification, at the time, was that Vahalla was the only part of the company that was making any money (Gibney, 2005).Show MoreRelatedFailure And Fraud Of Enron1161 Words   |  5 Pagesdiffering characteristics such as failure and fraud that have been linked through time. However, although failure and fraud are connected in several vario us ways, one tends to come before the other. Generally failure is the absence of achieving success and fraud is committing an unlawful act that is driven by failure or to result in failure. Failure has driven fraud for countless reasons either for financial prosperity or personal supremacy. In many cases the direction of failure and fraud is mainly subjectedRead MoreJaclyn Givens. Kathy Osburn. Management 101. 5/8/17. The1400 Words   |  6 PagesJaclyn Givens Kathy Osburn Management 101 5/8/17 The Enron Era â€Å"Just as character matters in people, it matters in organizations,† says Justin Schultz, a corporate psychologist in Denver. The Enron scandal had a big exposure in 2001 confirming the big secret to the increase in billions. In July 1985, Enron formed the merger of Houston Natural Gas and Omaha-based Inter North. The Enron corporation was an American energy company based in Houston Texas. The corporation’s catastrophe in 2001 signifiesRead MoreEnron Essay1433 Words   |  6 Pagesthe Causes and Effects of the Enron Accounting Scandals Name: Do Minh Tam Class: MEP 100 Lecture: Karen Bird Date: December 24, 2010 Introduction Background From the 1980s until now, there have been a lot of accounting scandals which were widely announced on by media. The result of this situation is many companies were bankruptcy protection requests, and closing. One of the most widely reported emulation of accounting scandals is Enron Company. Enron Corporation is one of the largestRead MoreEnrons Business Failure Paper986 Words   |  4 PagesEnron Business Failure Paper Abstract The following paper will explain the reason of why Enron as a company failed. It will compare and contrast the contributions of leadership, management and organizational structures to the failure. Enron, was the worlds top electrical, communications, pulp and paper, and natural gas company. Unfortunately, in late 2001 the company started to unravel. Enron was on the brink of bankruptcy and even an attempt to be bought out by a smaller company calledRead MoreAffirmative Adaptation And Modernize Resulting From The Scandal1493 Words   |  6 PagesAffirmative Adaptation and modernize resulting from the scandal In today’s society the desolation of Enron has been one of the greatest disasters to hit a major United States corporation, nevertheless the actions of this deception let to Varity major future benefits. The effects of Enron without a doubt are primarily disadvantageous. However, although Enron has made illegal and unethical choices the company has paid the ultimate penalty by â€Å"Declared bankruptcy on December 2, 2001 afterRead MoreFailure Of Responsible Management : Enron Corporation1645 Words   |  7 Pagesinvestigate an example, which failure of responsible management. The Enron Corporation is an example, because Enron event is the typical case for organization failure of responsible management In the end of 2001, Enron scandal has been disclosure, Enron stock prices slumped, and its financial tricks was exposed. The Securities and Exchange Commission (SEC) began survey of company s records. Enron’s auditor ‘Arthur Andersen ‘destroys relevant documents. (Ailon, G. 2011) Enron was bankruptcy in DecemberRead MoreEnron Corporation : The Enron Scandal Essay1172 Words   |  5 PagesThe Enron Scandal The objective of an audit is to â€Å"obtain reasonable assurance† of the credibility of the financial statements of a company . However, in some cases auditors can fail to recognize – or intentionally ignore – misleading data within a company’s financial statements, leading to negative outcomes for lenders and investors. This report will discuss the Enron scandal in which the auditing firm Arthur Andersen LLP turned a blind eye to the fraudulent actions of Enron Corporation, leadingRead MoreThe Fall Of Major Telecommunications Company Onetel And Enron1319 Words   |  6 Pages OneTel and Enron were huge technology companies, dominating the competition that they faced although - everything changed. Both of these companies operated in the same era, coincedently both suffering financial collapse. The reasons were mainly because of failure to follow major accounting principles, lacking morals and lacking strong work ethics. If even a major corporation can fall into this â€Å"trap†, then avoiding doesn’t sound easy, although accountants can easily avoid scandals by following aRead MoreEvents Leading Up to the The Sarbanes-Oxley Act Essay examples1203 Words   |  5 Pagescorporate and accounting scandals including those affecting Enron, Tyco internationals, Adelphia, Peregrine Systems, and WorldCom. The Securities Exchange Commission (SEC) adopted many rules in order to implement the Sarbanes-Oxley Act. The Enron Scandal escalated distrust amongst the shareholders, employees and government agencies. Thus, as a result the Sarbanes-Oxley Act was passed to protect the interest of all affecting parties. The Act is nearly a mirror image of Enron: the companys perceivedRead MoreCorporate Culture Of Enron And Bankruptcy1327 Words   |  6 PagesIntroduction The case study is about Enron and about their biggest failure that lead the company towards bankruptcy. Enron got bankrupt to the extent that was no point of returning back and reversing its wrong doings. The only thing that the company had to think about was how to return the losses of its creditors. Enron Corp. was left with $12 billion in assets which was to be distributed among more than 20,000 creditors. Around 80% of creditors of Enron backed the long-awaited reorganization plan

A Key Figure Of Benjamin Franklin - Free Essay Example

Sample details Pages: 3 Words: 981 Downloads: 1 Date added: 2019/06/24 Category History Essay Level High school Tags: Benjamin Franklin Essay Did you like this example? This paper will examine four main things Benjamin Franklin contributed in making America what it is today. First it will explain the great voyage he took in discovering America. Secondly, it will explain the treaties he signed to give America its independence. Thirdly it will go more into details about his discovery of electricity. Lastly his printing business and how it affected America. America was founded by Benjamin Franklin in in 1748, Franklin, had broadened his printing business all through the settlements and wind up sufficiently effective to quit working. Retirement enabled him to focus on open administration and furthermore seek after more completely his long-lasting enthusiasm for science. During the 1740s, he directed investigations that added to the comprehension of power, and developed the lightning pole, which shielded structures from flames caused by lightning. In 1752, he directed his celebrated kite test and shown that lightning is power. His thought was about electricity and lightning. Franklin saw a few likenesses between the two: They both made light, made noisy accidents when they detonated, were pulled in to metal, had a specific smell, and thats only the tip of the iceberg. In view of these perceptions, Franklin thought power and lightning were a similar thing. A couple of individuals shared his conviction, yet nobody had ever tried it. Frankl in additionally instituted various power related terms, including battery, charge and conductor. Don’t waste time! Our writers will create an original "A Key Figure Of Benjamin Franklin" essay for you Create order Notwithstanding power, Franklin examined various points, including sea flows, meteorology, reasons for the normal chilly and refrigeration. He built up the Franklin stove, which given more warmth while utilizing less fuel than different stoves, and bifocal eyeglasses, which consider separation and perusing use. In the mid-1760s, Franklin developed a melodic instrument called the glass armonica. Writers, for example, Ludwig Beethoven (1770-1827) and Wolfgang Mozart (1756-91) composed music for Franklins armonica; be that as it may, by the early piece of the nineteenth century, the once-well known instrument had dropped out of utilization. In 1754, at a gathering of frontier agents in Albany, New York, Franklin proposed an arrangement for joining the settlements under a national congress. Although his Albany Plan was rejected, it helped lay the preparation for the Articles of Confederation, which turned into the principal constitution of the Unified States when confirmed in 1781. In 1757, Franklin made a trip to London as a delegate of the Pennsylvania Get together, to which he was chosen in 1751. More than quite a long while, he attempted to settle a duty question and different issues including relatives of William Penn (1644-1718), the proprietors of the province of Pennsylvania. After a concise period back in the U.S., Franklin lived fundamentally in London until 1775. While he was abroad, the English government started, in the mid-1760s, to force a progression of administrative measures to declare more prominent command over its American states. In 1766, Franklin affirmed in the English Parliament against the Stamp Demonstration of 1765, which necessitated that every single authoritative record, daily papers, books, playing cards and other written words in the American provinces convey an assessment stamp. Even though the Stamp Demonstration was canceled in 1766, extra administrative measures pursued, prompting regularly expanding enemy of English estimat ion and possible equipped uprising by the American settlers. Franklin came back to Philadelphia in May 1775, not long after the Progressive War (1775-83) had started and was chosen to fill in as a representative to the Second Mainland Congress, Americas administering body at the time. In 1776, he was a piece of the five-part advisory group that helped draft the Presentation of Autonomy, in which the 13 American settlements pronounced their opportunity from English guideline. That equivalent year, Congress sent Franklin to France to enroll that countrys assistance with the Progressive War. In February 1778, the French marked a military partnership with America and proceeded to give fighters, supplies and cash that demonstrated basic to Americas triumph in the war. As clergyman to France beginning in 1778, Franklin arranged and draft the 1783 Bargain of Paris that finished the Progressive War. As Franklinrs printing business prospered, he became increasingly involved in civic affairs. Starting in the 1730s, he helped establish a number of community organizations in Philadelphia, including a lending library (it was founded in 1731, a time when books werent widely available in the colonies, and remained the largest U.S. public library until the 1850s), the cityrs first fire company, a police patrol and the American Philosophical Society, a group devoted to the sciences and other scholarly pursuits. Franklin also organized the Pennsylvania militia, raised funds to build a city hospital and spearheaded a program to pave and light city streets. Additionally, Franklin was instrumental in the creation of the Academy of Philadelphia, a college which opened in 1751 and became known as the University of Pennsylvania in 1791. Franklin also was a key figure in the colonial postal system. In 1737, the British appointed him postmaster of Philadelphia, and he went on to become, in 1753, joint postmaster general for all the American colonies. In this role he instituted various measures to improve mail service; however, the British dismissed him from the job in 1774 because he was deemed too sympathetic to colonial interests. In July 1775, the Continental Congress appointed Franklin the first postmaster general of the United States, giving him authority over all post offices from Massachusetts to Georgia. He held this position until November 1776, when he was succeeded by his son-in-law. (The first U.S. postage stamps, issued on July 1, 1847, featured images of Benjamin Franklin and George Washington.) Benjamin Franklin (January 17, 1706 to April 17, 1790) was an Establishing Father and a polymath, designer, researcher, printer, government official, freemason and negotiator. Franklin drafted the Statement of Autonomy and the U.S. Constitution, and he arranged the 1783 Bargain of Paris finishing the Progressive War. His logical interests included examinations concerning power, arithmetic and mapmaking. An essayist known for his mind and astuteness, Franklin additionally distributed Poor Richards Chronological registry, created bifocal glasses and sorted out the primary fruitful American loaning library.

Comparison of Symbolism of Kites in the Kite Runner and...

Comparison of symbolism of kites in the Kite Runner and Master Harold and the boys I am going to compare the symbolism of the kite in the play Master Harold and the boys by Athol Fugard and in the novel The Kite Runner by Khaled Hossseini. Firstly I will talk about the symbolism in both of the books separately. And then I will compare them to see the similarities and the differences. The kite symbol has two different meanings. In the Kite Runner the kite represents kite fighting and the blue kite that was the last opponent was the key to Baba’s heart. In â€Å"Master Harold and the boys† the kite is used to cheer up Hally when he was embarrassed by his farther. In the novel the kite was made by a professional and in the play it is made by Sam.†¦show more content†¦When Hally got to the top of the hill Sam moved down the hill a bit and held the kite up. The reason of that was because a black man was not allowed to be in the same park as a white person. Sam shouted Hally to go. This was the signal for Hally to run. Hally was impressed the ki te was flying and looping in the air. Hally couldn’t believe it. At last he felt happy again and was proud to have Sam as a friend. â€Å"It works, Sam! We’ve done it!† This quote shows how Hally is now happy again and Sam had succeeded in his job of making Hally feel better. The kite represents sad moments in the play. When Sam and Hally were flying the kite they tied it to a bench where they could sit and watch it fly. Sam had to leave â€Å"but I wanted him to stay†. This shows that Hally wants to share his happy moments with Sam. The problem is that in 1950 in South Africa rules were different and a black man was not allowed to sit on the same bench as a white man. â€Å"It was sort of sad to bring it down†. This explains that the idea of the kite flying in the air got him into a fantasy world and now that the kite is on the ground he is back in the reality. Hally asks Sam if they should do it again, make another kite and enjoy the moments as they shared last time. But Sam said â€Å"No. You can’t fly kites on rainy days which mean you can’t be happy when you’re sad. In ‘The Kite Runner’ the kite does not always symbolize happiness also it shows cowardice and betrayal. It shows thatShow MoreRelatedDeveloping Management Skills404131 Words   |  1617 PagesSUPPLEMENTARY MATERIAL 24 Diagnostic Survey and Exercises 24 Personal Assessment of Management Skills (PAMS) 24 What Does It Take to Be an Effective Manager? 28 SSS Software In-Basket Exercise 30 SCORING KEY AND COMPARISON DATA 42 Personal Assessment of Management Skills 42 Scoring Key 42 Comparison Data 42 What Does It Take to Be an Effective Manager? 43 SSS Software In-Basket Exercise 43 PART I 1 PERSONAL SKILLS 44 45 DEVELOPING SELF-AWARENESS SKILL ASSESSMENT 46 Diagnostic Surveys for

Free Essay Term Paper Example For Students

Free Essay Term Paper Boredom and Its Victims in Arthur Millers The CrucibleWhen bored, people tend to portray or act differently to either attract attention or change society. The girls in The Crucible are bored of Puritan life and want to do more to get more fun out of Salem life. Boredom led the girls to perform sins that the Puritan society disagrees with entirely. In The CrucibleBy Arthur Miller, boredom proves to be a catalyst for murder. The girls in Salem wanted more attention and more out of Puritan life. Being bored by following the strict Puritan society, the girls rebel against the traditional ways by dancing, singing, and laughing at prayer. What the girls hope to accomplish by rebellion is to draw attention and hope to change the ways the Puritans act or think. Boredom causes people to act differently to get what they want. With the girls in The Crucible, they wanted to show others that there are things that they want to do that will not send them to hell. This is true in todays world too with people getting bored of the same old tradition, so they change their clothes, looks, music, and attitude to change society. The girls getting caught dancing and singing made them to believe that their fun time was over. When asked about the dancing and the singing, they did what any child would do in fear and deny it. But soon the girls were getting bored with denying about the singing and dancing so the girls told more lies to gain attention from the others. With saying more lies, the girls got too much they could handle. With accusing someone of being a witch, they brought attention to everyone in Salem. This attention excited some of the girls because they were finally getting attention from everyone. Yet there are others who are afraid that all this attention will break right in front of them and expose the frauds they are. This is true in todays world where almost everyone in todays society has told a lie in order to either gain respect, attention, or to get higher position in the world. As the events in Salem began to progress faster and faster with the witch trials, so did the numerous lies that came from the girls. The girls thirst for attention led them to their thirst for murder. As each girl announce names of witches they claimed to see, they announced names of those they hated, disliked, loved or seek revenge upon them. This was their chance to get back at those who hurt them in the past. This shows the evil side of mankind, shows that mankind will seek revenge on the first chance he/she gets. It also shows that mankind would rather have dozens of people be killed then themselves be beaten or killed. It is human nature to protect ourselves from death at any cost. It shows here in The Crucible that the girls went too far and still decided to proceed having people killed instead themselves suffer the consequences of lying. In conclusion, boredom not only leads the girls to murder but also the Puritan society for following. Society never showed rebellion to the t raditional Puritan way, but followed in what the girls performed by dancing and singing. Then when the trials came along, almost all of Salem joined in with the girls because it was something different for them to do. It seems that the Puritan society and our modern society are the same with this issue. Both societies are afraid to do something different, but until a person or a group of people does it, then everyone follows the bandwagon. It shows us that society is the followers while the people are the leaders making the changes for all of us. .uf9556ce3c59a8d7f0496ef79198bc6b5 , .uf9556ce3c59a8d7f0496ef79198bc6b5 .postImageUrl , .uf9556ce3c59a8d7f0496ef79198bc6b5 .centered-text-area { min-height: 80px; position: relative; } .uf9556ce3c59a8d7f0496ef79198bc6b5 , .uf9556ce3c59a8d7f0496ef79198bc6b5:hover , .uf9556ce3c59a8d7f0496ef79198bc6b5:visited , .uf9556ce3c59a8d7f0496ef79198bc6b5:active { border:0!important; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .clearfix:after { content: ""; display: table; clear: both; } .uf9556ce3c59a8d7f0496ef79198bc6b5 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf9556ce3c59a8d7f0496ef79198bc6b5:active , .uf9556ce3c59a8d7f0496ef79198bc6b5:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .centered-text-area { width: 100%; position: relative ; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf9556ce3c59a8d7f0496ef79198bc6b5:hover .ctaButton { background-color: #34495E!important; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf9556ce3c59a8d7f0496ef79198bc6b5 .uf9556ce3c59a8d7f0496ef79198bc6b5-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf9556ce3c59a8d7f0496ef79198bc6b5:after { content: ""; display: block; clear: both; } READ: The tasks to identity a low-rise domestic building and outline the key external features EssayBibliography: