Essays Tagged: "Enron Scandal"
The Morality of Money.
In reacting to the Enron scandal, many cultural commentators have been quick to recur to a favorite theme: the corrupti ... ting power of commerce.Here is a typical example, from the "Letters Column" of the New York Times: "Enron's collapse was a product of the culture of greed, dishonesty, ethical blindness and wishful th ... ca since the advent of the Reagan administration" (John S. Koppel, January 22, 2002). In this view, Enron is simply the representative of corrupt, "free market" capitalism. And the author's reaction, ...
Subjects: Social Science Essays > Controversial Issues
ENRON:What really happened?
Enron was born on July 1985, when Houston Natural Gas merged with InterNorth natural gas Company bas ... ural Gas merged with InterNorth natural gas Company based on Omaha, Neb, and Kenneth Lay who became Enron's CEO in February 1986. In 1989, Enron began trading natural gas commodities. The company even ... ading natural gas commodities. The company eventually became the largest merchant in North America. Enron had 21 thousand employees, operated a 25 thousand-mile gas pipeline system. It was listed as t ...
Subjects: Businesss Research Papers > Accounting
Monopoly: Do not pass Go, Do not collect $200. Is more government oversight of corporate finances needed?
"Corporate Fraud"...when you hear those words the first, most recent incident, many think of is The Enron Scandal. This same scandal produced the Public Company Accounting Reform and Investor Protecti ... NN reports about a billion-dollar company who filed fraudulent financial statements for five years, Enron. We are used to hearing about such things happening. Companies go bankrupt everyday. Yet, the ...
Subjects: Law & Government Essays > Government
The Impact of Ethics on Decision-Making
has been looked at on a widespread basis by today's media. Some of the current scandals such as the Enron scandal might not have been a problem if those involved did not have such misguided ethics.Gro ...
Subjects: Businesss Research Papers > Management > Management Planning & Decision Making
What brought on Enron's collapse?
What brought about Enron's collapse? An interesting question since I really did not know the answer to it. I thought th ... ivisions together.Peter Behr and David Hilzenrath from the Washington Post quoted quite eloquently "Enron fell because of massive failures by its management, board and outside advisors as well as self ... ticular persons or groups that bought and sold assets with the company, all while still working for Enron. It was quoted in a report that described "Fastow as the primary creator of Enron's deceptive ...
Subjects: Businesss Research Papers
"Enron Collapse": The causes for the collapse of Enron Corporation.
The fall of the colossal entity called Enron has forever changed the level of trust that the American public holds for large corporations. ... 02. We are forced to ask ourselves if it will happen again. This essay will examine the collapse of Enron and detail the main causes behind this embarrassing stain of American history.Whenever someone ... the main causes behind this embarrassing stain of American history.Whenever someone hears the word "Enron" today, they usually think of the transgressions committed by the top-level executives who suc ...
Subjects: Businesss Research Papers > Case Studies
Impact of Unethical Behavior
ing and reporting practices.One of the most well-known examples involving unethical behavior is the Enron Corporation scandal. Enron Corporation was previously known for being one of the world's leadi ... reported inflated estimates of income and did not report all debts that the company owed. In 2001, Enron Corporation filed for bankruptcy which led to criminal investigations of money laundering, ins ...
Subjects: Businesss Research Papers > Case Studies
Accounting Scandals in the early 2000s
ed.a.What conditions caused accounting and the audit profession role to change during this time?The Enron scandal is one of the biggest from the early 2000s. Everything about this fiasco is huge, incl ... cluding a $50 billion bankruptcy, and employee retirement accounts drained of more than $1 billion. Enron's auditor, Arthur Andersen, was indicted on criminal charges in 2002 as a result. Arthur Ander ...
Subjects: Businesss Research Papers > Accounting
Ethics and Social Responsibility
not agree with the thesis or premise behind the chosen statement will conclude the paper.Before the Enron scandal at the turn of the century, social responsibility, and ethical behavior were, for the ... han go with one which had no guidelines in place. The world learned a hard lesson after the fall of Enron, and other large corporations, that appearances are not everything (Johnson, K., 2002). Howeve ...
Subjects: Businesss Research Papers > Accounting
Enron: An Analysis of Auditing Standards
Enron: An Analysis of Auditing StandardsIntroductionThe Enron scandal was a financial scandal involv ... ips. Furthermore, the company's debts and losses were not reported in the financial statements. The Enron scandal was revealed in late 2001, ultimately leading to the dissolution of Arthur Arthur Ande ... thur Arthur Andersen, which was one of the five largest accounting firms in the world at that time. Enron was on the edge of bankruptcy by November of 2001 and filed for bankruptcy on December 2, 2001 ...
Subjects: Businesss Research Papers
Sarbox effect on accounting litigation
and most publicized scandals during this time was an American energy group based out of Texas named Enron. Before its bankruptcy in late 2001, Enron employed around 22,000 people and was one of the wo ... leading electricity, natural gas, pulp and paper, and communications companies. From 1998 to 2000, Enron stockholders annual return was $40, $57.7 and $88.6 percent respectively, compared to the S&am ...
Subjects: Businesss Research Papers > Accounting
Management Planning
, and consulting services for top dollar corporations. In 2001, Arthur Andersen was involved in the Enron scandal which resulted in their suspension of their licenses to practice as Certified Public A ... s in which the company was found guilt of obstruction of justice by destroying evidence relating to Enron. Even though the decision was overturned, as a company Andersen is relatively finished. Accord ...
Subjects: Businesss Research Papers > Management > Management Planning & Decision Making
Accounting Regulatory Bodies Paper
individuals that violate the laws. Examples would be insider trading and accounting fraud like the ENRON scandal or Martha Stewart and K-Mart.Financial Accounting Standards BoardThe Financial Account ...
Subjects: Businesss Research Papers > Accounting
Business Failure
The company being analyzed in this paper will be Enron. Enron was involved in electrical, communications, pulp and paper, and natural gas. Regrettabl ... e brink of bankruptcy and even the offer to be purchased by Dynegy could not save the organization. Enron was in financial ruins when their stock dropped from $90.00 dollars per share to less than a d ... umpled a scandal was revealed involving the dealing between the accounting firm Arthur Anderson and Enron. While being investigated it was discovered that there were irregular accounting procedures do ...
Subjects: Businesss Research Papers > Management > Leadership and Communication
Ethics
ess operates is a primary concern. Many issues have come to light during such disasters such as the ENRON scandal in which the lives of many people were financially destroyed to the substandard manufa ... iness practices, safety in the workplace, and larger environmental, and social issues.Following the ENRON disaster outrage over ethical and financial misconduct by senior management of public companie ...
Subjects: Humanities Essays > Philosophy > Comparative Philosophy & Ethics
Impact of Unethical Behavior
ing and reporting practices.One of the most well known examples involving unethical behavior is the Enron Corporation scandal. Enron Corporation was previously known for being one of the world's leadi ... reported inflated estimates of income and did not report all debts that the company owed. In 2001, Enron Corporation filed for bankruptcy, which led to criminal investigations of money laundering, in ...
Subjects: Businesss Research Papers > Accounting
Examining a Business Failure Paper
Enron was an energy company based in Houston, Texas and was one of the world's leading electricity, ... orld's leading electricity, natural gas, and communications companies. In 2001 it was revealed that Enron's reported financial condition was sustained substantially by creatively planned accounting fr ... ed financial condition was sustained substantially by creatively planned accounting fraud involving Enron and their accounting firm, Arthur Anderson. The irregular accounting practices, including mani ...
Subjects: Businesss Research Papers > Management > Leadership and Communication
Ethics and Social Responsibility/ Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.
ll on the communities that rely on the business for their needs.Over stepping ethical boundariesThe Enron scandal is most likely the most talked about scandal to this day. Those involved and those who ... lation of the electricity market-leading to a California energy crisis (Wheelen and Hunger, p. 63)."Enron is one of many corporations that have and some continue to over step the ethical boundaries. C ...
Subjects: Businesss Research Papers > Management > Management Planning & Decision Making
business ethics
dals involving abuse of corporate power and, in some cases, criminal activity by corporateofficers. Enron Scandal and Sarbanes Oxley- Enron's scandal was a classic showcasing ofhow poisonous corporate ... onous corporate governance permeates through all the ranks of company and into themainstream world. Enron was a business conglomerate and Wall Street darling during the 1990s,created by the merger of ...
Subjects: Businesss Research Papers