Enron Essay

There are lots of reports, attention, and even movies record this famous financial issue. In the movie “Margin Call”, John Tuld (very similar with Richard Fuld, who was the CEO of the Lehman Brother) said, the toxic aspect of its asset make it dangerous enough to death, and will be transferred easy relatively. 2000 is the 150 anniversary of Lehman Brother. The World Trade Center Office of Lehman Brother destroyed in 2001 “9.11”, and move to Manhattan 2002. During 2002, Lehman Brothers build it…

I: EXECUTIVE SUMMARY Green Rope Incorporated, my new employer, faces lawsuits due to some failures of the wire rope which caused a number of casualties in various construction sites as a result of poor quality wire product. Because of this, GRI is at a brink of closure. Meanwhile, as a former financial analyst of Red Wire Corporation, I had a chance to join a stock-taking team and walked through the plant, and saw the critical process and specially designed machine that was internally developed.…

Eddie Antar started a small electronic business in New York City in the year 1969. Antar dominated the NYC electronic markets around 1987 with 43 retail outlets, sales exceeding $350 million, and stock with a collective market value of $600 million. Antar personally realized more than $70 million from the sale of Crazy Eddie stock during his labor as the company’s CEO. Crazy Eddie collapsed in the 1980s after several allegations of financial wrongdoing from behalf of Antar and his associates.…

Wells Fargo was caught in a scandal where employees would create fake emails and secretly issue credit cards without the customer’s consent. Employees opened more than 1 million bank accounts and issued more than half a million credit cards. As a result Wells Fargo fired the suspected employees for opening accounts without authorization of the customer. This led to employees to file “A class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas…

Worker Adjustment and Retraining Notification (WARN) Act Issues and Concepts The WARN Act states that when a company, that has more than 50 employees, goes bankrupt, they are to provide at least a 60-day written notice of closure to provide the employees ample time to look for another job. (Leonhardt, 2012) Peter Kohlstadt and Dan Braun filed a class action lawsuit against Solyndra because they were not given any warning at all about the company going into bankruptcy and laying off all 1100…

In 2012, JPMorgan Chase Company (that specializes in banking and financial services) has accidently reported the trading loss of $6 billion due the badly conceived trades of the company. Since the company had been quite well-controlled and profitable over years, the trading loss of $6 billion caused a lot of confusion in JPMorgan’s Central Investment Office. Later on, the investigators have found that the company has not lost $6 billion but this amount of money has been displayed due to the…

Hello Everyone, One of the experiences I could recall of such an incident involves the kind of small business my dad runs. My father started up his own ambulate transportation coming, which provided non-emergency ambulate services to wheel chair patients of all kind, especially medicaid patients. However, before he became his own boss, he worked as an ambulate driver, for an organization that was caught and prosecuted for fraud. The issue was that the manager or the owner of the organization…

ENRON: The Smartest Guys in the Room film reflection According to Ritzer, (2004). “The process of rationalization causes society to put a great deal of emphasis on efficiency, predictability, calculability and control”. Progressive rationalization can actually result in some irrational consequences. ENRON was superior at energy deregulation and became one of nation's ten largest companies. However, its collapse affected thousands of employees and bankruptcy left investors with worthless…

One of my greatest influences for pursuing an accounting major was the wide variety of career opportunities it could provide in the future. During my first two years of undergraduate studies I had absolutely no idea where I would fit in the business world or if I actually wanted to work in business in general. My accounting degree gave me the ability to pursue a degree that would be useful no matter where my potential career path would lead. Even if I did not want to obtain my CPA license, I…

Even though Some people believe he tried to rob his customers for his new technology being so overly expensive, Bill Gates should be remembered for making the huge technology advancements. because He is a Co-owner of the giant international company Microsoft. and He is very successful in life and has done everything right down the road in which got him to be so overly successful. Some people believe he tried to rob his customers for his new technology being so overly expensive. As with…