Enron The Collapse Of Enron - 1644 Words

Enron was once one of the world s leading energy companies by reshaping the way natural gas and electricity were bought and sold. They filed the largest corporate bankruptcy in American history in 2001. Enron Corporation was an energy company running out of Texas that was started when two companies, Houston Natural Gas and InterNorth, merged together in 1985. By 1992, Enron became the largest seller of natural gas in North America and began to offer other services like wholesaler trading and risk management. The company’s popularity and profitability continued to increase throughout the 90s and in 2000 was named number 7 on the fortune 500 list bringing in over 100 billion dollars of revenue. Enron shares were worth $90.75 at their peak in August 2000 and dropped to $0.67 in January 2002. Enron announced a third quarter loss of $618 million on October 16, 2001. A couple days later, the SEC opened a formal investigation into Enron’s transactions (Link 2). What caus ed this shocking fall of Enron? The fall of Enron was caused primarily by the following three factors; the systemic failure by the Securities and Exchange Commission, hiring auditors who were already affiliated with the company, and violating a code of ethics. The first leading cause to Enron’s downfall was the systemic failure of the Securities and Exchange Commission. According to the Senate Governmental Affairs Committee, security regulators, rating agencies and investment-bank analysts all failed toShow MoreRelatedEnron And The Collapse Of Enron1303 Words   |  6 PagesEnron, a company which originated in Huston, Texas, was one of the largest American energy trading corporations in the nation. Although it was one of the most well known companies, it was also one that crashed and burned the fastest, shocking many people when it did. Not only did it end fast, the company caused quite a scandal which is still being discussed and reviewed in today’s world. Enronâ⠂¬â„¢s bankruptcy scandal was so widely known because of the many people who associated themselves with the companyRead MoreEnron And The Collapse Of Enron1254 Words   |  6 Pagesbelow one dollar. This happened to shareholders of Enron. The total debt amounted to over $ 16 billion, which was the largest corporate bankruptcy in American history. Shareholders lost 60 billion dollars within a few days, 4500 employees lost their jobs, and the employees lost billions in pension benefits. I had never heard the name of Enron nor Enron’s scandal until I watched a film, â€Å"Enron: The Smartest Guys in The Room,† but I realized the Enron scandal affected the whole of the business in theRead MoreThe Collapse Of Enron And Enron1365 Words   |  6 PagesTwo organizations that will live on in infamy in the business world are World Com and Enron. These names are synonymous with the largest corporate scandals in US history. Their failure to live by ethical and moral codes re sulted in bankruptcy, large financial losses to employees and shareholders as well criminal penalties. Additionally, these deviations from ethical behavior from several related parties shined a light on the accounting profession and resulted in several changes in the industryRead MoreThe Collapse Of Enron And Enron1736 Words   |  7 PagesAbstract Fortune used to rank Enron as the most successful business in the United States. The collapse of Enron was shocked the whole world energy trading market. It caused significant losses to investors. In this paper shows analysis reason of factors that lead to Enron demise and also lessons can be learnt from Enron case study. The approach which have used in this paper to respond, the case study question are the background of the case organization and how business structure had been use by theRead MoreEnron And The Collapse Of Enron1718 Words   |  7 PagesINTRODUCTION Enron, one of the most influential and profitable companies in utility, paper, and communications for numerous years, came crashing down and filed for bankruptcy in fall 2001 (Bottiglieri, Revile, and Grunewald 1). Houston National Gas and InterNorth fused together and created Enron in 1985. The company faced initial problems of debt and loss of exclusive rights to pipelines (Thomas 1). This accounting method allowed Enron to log entire profits from the life of a contract in the yearRead MoreEnron : The Collapse Of Enron2469 Words   |  10 Pagesscandal of Enron in 2001 lead the company to the bankruptcy. Enron is the largest bankruptcy reorganization in American history at that time. Undoubtedly, Enron is the biggest example of the audit failure. It is ever the most famous company in the world, but it also is one of companies which fell down too fast. In this paper, it describe the reason why Enron became an admired company in the world, the story of Enron s rise and fall, the iss ues of internal and external auditing in Enron, the breachesRead MoreCollapse of Enron4178 Words   |  17 PagesTHE COLLAPSE OF ENRON August 11 2008 [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] FROM PERSPECTIVE OF CORPORATE GOVERNANCE â€Æ' TABLE OF CONTENTS CONTENTS PAGE NO. Introduction 3 Background of Enron 3 Enron Business Model 4 Summary of transactions PartnershipsRead MoreThe Ethics Of The Enron Collapse Of Enron1366 Words   |  6 PagesCulture of Enron Before Enron bankruptcy it was one of America’s most powerful and successful energy companies. The company thrived and pushed to be number one no matter the circumstance, in this company’s case if it meant doing it illegally. Fraud accounting, auditing, energy trading, and illegal finance was the company’s downfall leading to corruption and most of all greed. Enron was aggressive and a competitive environment. The documentary was just not giving the name â€Å"The Smartest Guys in theRead MoreThe Collapse Of Enron Corporation1787 Words   |  8 Pagesâ€Å"When a company ascends to the number seven spot on the Fortune 500 and then collapses in weeks into a smoking ruin, its stock worth pennies, its CEO, a confidante of presidents, more or less evaporated, there must be lessons in there somewhere.† -Daniel Henninger, The Wall Street Journal The collapse of Enron Corporation has created many discussions about the structure of corporate governance. The question of this essay first calls to examine some of the strengths and weaknesses of theRead MoreFinancial Collapse : The And Enron1320 Words   |  6 PagesOneTel 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 the 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

The Characters in The Canterbury Tales Essay - 4000 Words

The Purpose of the Characters in The Canterbury Tales The characters introduced in the General Prologue of The Canterbury Tales each represent a stereotype of a kind of person that Chaucer would have been familiar with in 14th Century England. Each character is unique, yet embodies many physical and behavioral traits that would have been common for someone in their profession. In preparing the reader for the tales, Chaucer first sets the mood by providing an overall idea of the type of character who is telling the tale, then allows that character to introduce themselves through a personal prologue and finally, the pilgrim tells their tale. Through providing the reader with insight about the physical and personal traits of†¦show more content†¦Despite this unflattering introduction, however, the Miller cannot be considered a loathsome person because his purpose is to provide comic relief. The Millers appearance after the more solemn Knight creates a contrast in mood and provides the reader with a more relaxed feeling going into the remainder of the tales. The Miller is described as a less than attractive man. His portrait is made in the following way: He was short-sholdred, brood, a thikke knarre, - His berd as any sowe or fox was reed, And therto brood, as though it were a spade Upon the cop right of his nose he hade A werte, and thereon stood a toft of heres Reed as the brustles of a sowes eres; Hise nosethirles blake were and wyde. (The General Prologue, 551-559) These physical descriptions were believed by the physiognomists to denote variously a shameless, talkative, lecherous, and quarrelsome character (Riverside Chaucer, 820: PMLA 35, 1920, 189-209). Like his appearance, his personality is also depicted as being very loud and disturbing. He is depicted in the way that a young boy would be, only with the strength of a large adult. The Miller acts out and rams his head against doors, which is a common trait of a two year old, however, he is so big that it is said that: Ther was no dore that heShow MoreRelatedCanterbury Tales Character Analysis1334 Words   |  6 PagesThe Canterbury Tales is a written work, by Geoffrey Chaucer, that is a representation of the society he lived in. His work portrays the feudal system during the medieval times and how each level of livelihood was a character, whose personalities reflect how Chaucer and his culture view them. During his time, his society regarded the Christian Church as corrupt and manipulative, with a few clergy who are honest and genuine in their exertion. Therefore, the ecclesiastical persona has the dispositionsRead MoreCanterbury Tales Character Analysis981 Words   |  4 PagesUpon first reading of the Canterbury Tales by Geoffrey Chaucer, the reoccurring theme of social status is not blatantly obvious. Upon further reading, however, it becomes apparent that it in fact plays large role in most of the aspects of the tales. In both the Wife of Bath’s Tale and the Nun’s Priest Tale, social status plays a role in the plot, characters, and themes in order to more effectively portray the messages Chaucer is trying to get across. The underlying theme addressing social statusRead MoreCanterbury Tales Character Analysis1988 Words   |  8 Pages The Canterbury Tales, by Geoffrey Chaucer, is a collection of tales and prologues of stories told by many characters whilst on a pilgrimage to the city of Canterbury. From religious figures such as nuns, monks and pardoners; to doctors, cooks and millers, this pilgrimage embarked on by many interesting people with stories that range from inspiring to gruesome. A few of the most predominant stories include those of the Prioress, the Summoner, the Wife of Bath, the Miller, and the Reeve. In theseRead MoreCanterbury Tales Character Analysis1272 Words   |  6 PagesThe Canterbury Tales, penned by Geoffrey Chaucer gives its audiences insight on the corruption that exists to this day in humanity. As you read through the chapters Chaucer reveals the dark sides to supposedly respectable people such as the Summoner, along with people he favors like the Knight, the Wife of B ath, and women in general. His comical descriptions and stories that coincide with each character express his thoughts on real people in his society. My perception of the Summoner’s tale moralRead MoreCanterbury Tales Character Analysis997 Words   |  4 Pageslanguage of the common people (Morrison). The Wife’s knowledge of the three languages grants her access to the forms of power that patriarchy denies to women, establishing her character as an authoritative female through the authentication of English as a literary language. In the dissertation â€Å"Geoffrey Chaucers The Canterbury Tales: Rhetoric and Gender in Marriage,† Andrea Marcotte analyzes Chaucer’s usage of ethos to grant the Wife authority in her male-dominated culture. Marcotte argues that the WifeRead MoreCanterbury Tales Character Analysis1457 Words   |  6 Pages The Canterbury Tales introduces a group of very interesting characters from different walks of life. These characters can fall into different groups, and these groups show society was divided up in the 14th century. The descriptions of these characters give an idea on how these groups worked. How were people ranked in social status? Were certain people more corrupt than others? Which characteristics caused the people to be sorted into the group they are in? These questions are answered by the differentRead MoreThe Canterbury Tales Character Sketch956 Words   |  4 PagesAuthor Geoffrey Chaucer describes in-depth several characters who intend to embark on a religio us pilgrimage in his piece The Canterbury Tales. One of the prominently featured characters is the Friar. The Friar is certainly one of the most unorthodox characters in the piece who is the antithesis of the character qualities expected of a friar. Chaucer’s description and implications reveal that the Friar is an adulterous, cold-hearted individual with a disingenuous personality that is rooted in hisRead MoreThe Complex Character of the Merchant in The Canterbury Tales1388 Words   |  6 PagesSometimes a character is not fully revealed right away in order to surprise and convey a specific purpose later on. Chaucer demonstrates this idea in The Canterbury Tales, specifically with the Merchant character. In the General Prologue, Chaucer portrays the Merchant as a respectable character; however, he hints aspects of the Merchants personality that question this respectable image. The Merchant’s entire personality is later revealed in his Prologue and Tale, as it is mad e evident of his cynicalRead More Canterbury Tales Essay: The Character of the Prioress795 Words   |  4 Pages The Character of the Prioress in The Canterbury Talesnbsp;nbsp; nbsp;In The Canterbury Tales, Chaucer writes a prologue in which characters are given at face value.nbsp; Then, he writes tales that are spoken by these characters.nbsp; Perhaps Chaucer is commenting that people should not judge others by their outward appearance because the differences in the outward character of Chaucer’s travelers are often greatly different than the personality that is shown through their tales. nbsp;TheRead MoreCharacter Satire in Chaucers Canterbury Tales2302 Words   |  10 PagesSatire of the Knight in Prologue and Knights Tale Satire. Satire is a biting literary tool, one that Geoffery Chaucer used liberally when he wrote his Canterbury Tales. Websters New World Dictionary says that satire is the use of ridicule, sarcasm, etc. to attack vices, follies, etc. Using that definition, I think that all of the pilgrims in the Canterbury Tales are satirized to some extent; some of the satirizations are more subtle than others. The Knight is one of the pilgrims

Questions On The Checker Shadow Illusion - 1442 Words

Introduction to Cognitive Science, 2014 Homework 2 4 questions, 33 points total Name: Josh Jordan Question 1 (4 points): The Checker-Shadow Illusion (8 points) View the illusion available at http://color.psych.upenn.edu/homework/CheckerShadow.jpg. This is called the checker-shadow illusion and is due to Edward Adelson. a) (2 points) What is the illusion? That is, how does your perception of squares A and B differ from what is objectively on the screen/paper? You may want to print out the image and use scissors to compare the checks at A and B when they are placed next to each other.† Objectively, squares A and B are the same color, but viewers perceive square B as be-ing lighter than square A. â€Å"b) (2 points) Why (at the computational level) might we experience this illu-sion/interpretation? What implicit assumption about the world is made by your brain? What is a benefit of this illusion/interpretation?† Our brain assumes that a shadow will darken an object, so our brain corrects the shad-ing of the object under the shadow to make it lighter (light constancy). Our brain’s goal (at the computational level) is to view an object in the same way under different lighting. This way we perceive something under a shadow the same way we would perceive it if it wasn’t covered by a shadow. The assumption that our brain makes is that an object will appear differently under a shadow, but is still the same object. This is beneficial because it allows us to perceive objectsShow MoreRelatedThe Plausible Theory Of Perception Direct Realism Or Indirect Realism?1998 Words   |  8 Pagesthe room). The problem of perception arises from the existence of phenomenom such as hallucinations, illusions, perceptual relativity (the idea that two people may experience an object in entirely different ways), and dreams. If our access to the world is direct and immediate, how are we to make sense of hallucinations (perhaps caused by psychedelic drugs, mental, or physical illness) and illusions, where one appears to directly sense something in the world, but which does not actually exist as aRead MoreResponse Paper On Kill A Mockingbird 4156 Words   |  17 Pageslooks safe, crams it into her mouth and continues home satisfied. Jem s fifth grade class gets out half an hour after Scout s first grade class so he wasn t there to stop her because it could have been poisoned. When Jem comes home he begins to question Scout on where she got the gum from and she replied telling him how she found it on her way home. Jem quickly told her to spit it out or he would tell Atticus. She kept refusing saying that the flavor would disappear that she had all afternoon. SheRead MoreSerach Engine7435 Words   |  30 Pageswith their regular web search results. Some SEOs will promise to rank you highly in search engines, but place you in the advertising section rather than in the search results . A few SEOs will even change their bid prices in real time to create the illusion that they control other search engines and can place themselves in the slot of their choice. This scam doesn t work with Google because our advertising is clearly labeled and separated from our search results, but be sure to ask any SEO you reRead MoreOrganizational Behaviour Analysis28615 Words   |  115 Pagesconflict is seen to be not only structurally and socially endemic and inevitable, and therefore a necessary concomitant of organisational life, but also as an important aspect of other processes such as creativity and development. Here we address the question by considering the importance of the analysis of points-of-view; actor-issue analysis; contextual factors; social power analysis; and the processes underlying mutiny, dissent and resistance to change. Group and Team Working Groups are an importantRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesand exercise recommendations in the Instructors Manual. †¢ Enhanced the test bank by adding more application questions. †¢ Revised the PowerPoint slides. A MESSAGE TO STUDENTS: Why Focus on Management Skill Development? Given that a â€Å"skill development† course requires more time and effort than a course using the traditional lecture/discussion format, we are sometimes asked this question by students, especially those who have relatively little work experience. Reason #1: It focuses attentionRead MoreCost Accounting134556 Words   |  539 Pagesare indicators of hypertext links. To use the hypertext links, simply click on the icon and it will automatically transport you to that location. Chapter 1 Cost Accounting: How Managers Use Cost Accounting Information Solutions to Review Questions 1–1. C Analysis of divisional performance A Costing for income tax purposes B Determining how many units to produce in the coming week 1–2. Descriptions of the six business functions in the value chain are as follows: 1. Research and development:Read MoreFundamentals of Hrm263904 Words   |  1056 PagesOrganizations Involve Employees 20 Employee Involvement Implications for HRM 20 Other HRM Challenges 21 Recession 21 Off Shoring 21 Mergers 22 A Look at Ethics 22 Summary 23 Demonstrating Comprehension: Questions for Review 24 Key Terms 24 HRM Workshop 25 Linking Concepts to Practice: Discussion Questions 25 Developing Diagnostic and Analytical Skills 25 Case 1: Work/Life Balance at Baxter 25 Working with a Team: Understanding Diversity Issues 25 Learning an HRM Skill: Guidelines for Acting Ethically

Equal and Adequate Access to Health Care free essay sample

I support a â€Å"national health care system that provides equal and adequate access to health services for all citizens† because of the following reasons: First of all, providing an â€Å"equal and adequate access to health care† is the ethical thing to do; in fact, â€Å"John Rawls† states that a moral and fair society would ensure â€Å"personal freedoms† as long as such does not restrict the liberty/independence of other individuals and would uphold equal opportunity (Engelhard et. al. 1 – 22). Simply put, I support it because it is the right thing to do, at least basing on moral standards (Engelhard et. al. 1 – 22). Second, â€Å"equal and adequate access to health care† is a basic right and since it is so then it should be supported (Engelhard et. al. 1 – 22). It is said that if it is one’s right, then the government is obliged to ensure everybody â€Å"equal and adequate access to health care† (Engelhard et. We will write a custom essay sample on Equal and Adequate Access to Health Care or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page al. 1 – 22). No one then should be deprived of this right (Engelhard et. al. 1 – 22). Last but not least, life is exceedingly important; it should not only be maintained, it should also be of best quality (Engelhard et. al. 1 – 22). An â€Å"equal and adequate access to health care† should then be supported since a person’s well-being should be preserved because in return, an individual or any member of the society â€Å"participates in the social and economic life of society† (Engelhard et. al. 1 – 22). If individuals get an â€Å"equal and adequate access to health care† and they function well then they usually also get their â€Å"fair share in the full participation in society† (Engelhard et. al. 1 – 22). This means that an â€Å"equal and adequate access to health care† is not only for the people but for the government and the society entirely (Engelhard et. al. 1 – 22). Work Cited Engelhard, Carolyn A. Garson, A. The Right to Health Care and the Role of Government in Health Policy. n.d. n.a. 28 November 2008 http://webstorage3.mcpa.virginia.edu/debates/whitepaper/deb_2008_0409_healthcare.pdf