Enron Corporation was the American company that specialized in supplying of energy. Prior to its collapse in 2001, Enron was one of the most admired companies in the United States recording superior profits year by year, however, in 2001, series of Continue Reading...
Greedy Individuals Have a Survival of the Fittest Mentality? It is first necessary to discuss where the saying "survival of the fittest" comes from and then apply it to the concept of greed. Charles Darwin was a keen observer and naturalist who too Continue Reading...
Hesitant to Pursue a Career in Business Whom it May Concern Re: Why I Am Hesitant to Pursue a Career in Business In a tough economy, most people would probably take any job they can get after they graduate from college. However, as it comes close Continue Reading...
" Of these respondents, over 50% of them stated that they lack a disaster recovery plan (Anthes, 1998). However, most of the problems stem from the lack of communication at the corporate level. (Hawkins, et al., 2000). Business Continuity Plans (BCP Continue Reading...
Forensic accounting is a special subsection of accounting that goes beyond the typical job description of an accountant. Forensic accountants use their work in courtroom and other legal settings to help. Their primary roles are litigation support and Continue Reading...
They were rewarded excessively for high performance and punished excessively for poor performance. The management style fostered a tremendously competitive environment among employees through a "rank or yank" policy in which all employees were evalu Continue Reading...
Corporate Governance: A review of Literature What is Corporate Governance? Principles of Corporate Governance Theoretical foundations of corporate governance Agency theory Stewardship theory Stakeholder theory Post-Enron theories Corporate Go Continue Reading...
Satyam -- The Enron of India," involves its former chairman Ramalinga Raju, who admitted to years of corporate fraud in 2009. At the heart of this fraud was the way in which Raju handled the accounting reports of the company. An initial attempt to c Continue Reading...
Financial Accounting The question is missing a clause. "…is more conducive to ethical behavior" than what? The word "more" invites comparison but there is nothing to compare the current environment to. Well, the current environment is not much Continue Reading...
Tyco International is a worldwide manufacturing company that is involved in production of various products since its inception in the 1960s. The company is currently divided into five main business segments which are Safety Products, ADT Worldwide, F Continue Reading...
The first three organizations in line to recuperate their funds were Citigroup, J.P. Morgan and General Electric Group. They had been offering financial solutions and encouragement to purchase the WorldCom stock based on a favorable business relatio Continue Reading...
Sociology: Changing Societies in a Diverse World (Fourth Edition) George J. Bryjak & Michael P. Soroka Chapter One Summary of Key Concepts Sociology is the field of study which seeks to "describe, explain, and predict human social patterns" fr Continue Reading...
It is simply not reasonable for a manager to push the sale of a surplus asset back by multiple years. However, managers can influence earnings through their choice of accounting policies. While the choice of policies is allowable under GAAP, when d Continue Reading...
Vicarious Liability Case This present study is a vicarious liability case assignment and it is divided into two primary sections. The first section aims at distinguishing between corporate criminal liability and tort law vicarious liability resultin Continue Reading...
Non-Profit and for-Profit Ethical and Liability Issues This paper examines the ethical and liability issues that non-profit corporations and for-profit businesses face, and compares them. Non-Profit Corporations and For-Profit Business: A Compariso Continue Reading...
Behavioral Finance and Human Interaction a Study of the Decision-Making Processes Impacting Financial Markets Understanding the Stock Market Contrasting Financial Theories Flaws of the Efficient Market Hypothesis Financial Bubbles and Chaos The Continue Reading...
.." And "The probability that my peers would undertake the same action is...." It is the difference in the responses given to these two questions, as captured on a seven point Likert scale, that is the measure of the social desirability response bias Continue Reading...
These claims are virtually all based on the concept that corporations - particularly multinationals -- should be held accountable for their actions within their sphere of operations. "Corporations, for their part, have responded in numerous ways, f Continue Reading...
As Geisel (2004) notes: Income-tax deductions are worth the most to high-bracket taxpayers, who need little incentive to save, whereas the lowest-paid third of workers, whose tax burden consists primarily of the Social Security payroll tax (and who Continue Reading...
There is an increasing recognition of this not only among investigators and regulators, but also among businesses and employees alike. Clearly, the general attitude of employers and employees towards whistle blowing is changing with time. Generally Continue Reading...
Tired of Strategic Planning? Many Companies Get Little Value from Their Annual Strategic-Planning Process. It Should Be Redesigned to Support Real-Time Strategy Making and to Encourage 'Creative Accidents'" by Eric D. Beinhocker and Sarah Kaplan, Th Continue Reading...
Corporate World According to prior research studies, plagiarism is not just appearing in the academic environment. Now, plagiarism is being seen in corporate America as a way to "adjust" information that might otherwise seem unfavorable to stakehol Continue Reading...
Attorneys of every ilk are consistently and constantly faced with decisions that test their ethical considerations. Corporate attorneys faced with illegal activities, divorce attorneys faced with familial consequences, defense attorneys defending som Continue Reading...
Ethics and Specialized Knowledge Enron's case summary Enron is an interstate pipeline company that was founded in 1985 as a supplier of power utilities. In the 20th century, Enron had grown quickly, and due to increased competition in the global ma Continue Reading...
Executive Stock Option Plans "If the company does not do better than its competitors, but the stock market goes up, executives do very well from their stock options. This makes no sense." Discuss viewpoint. Can you think of alternatives to the usual Continue Reading...
Audit Quality and Agency Cost Since the advent of industrialization, there has been the presence of a bond between the people who invest and the people who manage those investments, forming a vital relationship amongst the two groups. Although with Continue Reading...
125). The use of case study examples is a brilliant tool for making the reader believe that white-collar crime is indeed something that needs to be addressed on a macro rather than a micro level, because the people injured by fraudulent accounting an Continue Reading...
Corporate Social Responsibility The purpose of this case study is close synopsis of the Enron case and its impact on consumers and corporate business practices alike. Prior to its collapse Enron had been named one of America's top 10 admired corpor Continue Reading...
Management Accounting The IMA statement of ethical professional practice begins with the overarching principles of honesty, fairness, objectivity and responsibility. The statement consists of four standards, these being competence, confidentiality, Continue Reading...
(5) Auditors and CPAs should consider several ways that the Sarbanes-Oxley Act and SEC implementation rules as a whole impact accountants and work closely with regulators to address these effects. (6) Public accounting firms need to reconsider exter Continue Reading...
CI FinalAbstractThis thesis describes the need for an ethical standard in counterintelligence (CI) so as to facilitate collaboration among the various CI agencies and the private sector. It conducts an analysis of the formation of the counterintellig Continue Reading...
Merrill Lynch Barge Scenario Case Summary -- Enron, a Texas-based energy company, was created in 1985 and had such phenomenal growth it was soon the seventh largest company in the U.S. until its bankruptcy in 2001. Enron was involved in a number of Continue Reading...
Ethical Leader Analysis: EnronIntroductionEnron is the story of prideful, arrogant, greedy leadership. From CEOs Ken Lay and Jeff Skilling to CFO Andy Fastow, these leaders managed to turn a modest energy company into a financialized house of cards t Continue Reading...
Utility Ethics: Enron Utility Ethics at Enron Why utility ethics is a valid way of deciding right and wrong Utility ethics are considered to be universal, growth-driven, and offer service to the organization with the only consideration of the righ Continue Reading...
Shareholder Capitalism as a Model for Economic Development The idea that shareholder capitalism may serve as a powerful type of economic progression model has been made practical with the growth of credit along with a large marginal tax that deliver Continue Reading...
This presented the troubling consideration that many of the current standard-bearers for physical excellence were the product of performance enhancing drug use. Moreover, this cast a dark shadow on what have been regarded as some of the game's great Continue Reading...
Ethical Issues in Madoff Case Ethical Issues in Madoff Fraud Case The objective of this study is to identify the ethical issues and questions in the Madoff fraud case. This work will identify the people harmed and answer as to whether the scandal r Continue Reading...
Johnson Bank v. George Korbaken Company Johnson Bank v. George Korbakes Company Over the last several years, the role of the auditor has been continually evolving. This is because financial institutions are relying on the information they are provi Continue Reading...
