Andrew Fastow

Enron, created with the merger of, had many unethical transactions that led to the demise of the energy company. Through the top managers that conducted illegal and unethical acts lead Enron to file Chapter 11 bankruptcy, the largest bankruptcy in U.S. history. After this was brought to light, an investigation was started to find the reason of why such a large amount of money in losses was never found. The executives; Jeffery Skilling, Kenneth Lay, Andrew and Lea Fastow, Richard Causey, and David Delainey; were later trialed and found guilty on a many different counts of a multitude of different illegal acts. Skilling’s sentenced came to be the longest at 24 years and 4 months with also paying out $60 million for compensation of Enron victims and legal bills. Most were sent to prison but Lay who died of a heart attack before his conviction was made. Enron went out of business in…

Ken lay knew all the wrongdoings of the company for sure but he was not the one to bring the evil ideas. Although he didn’t disagree with the ideas but he is at less fault because he didn’t come up with those concepts. Andrew fastow created illusion on the economic reports of the company. The mastermind Jeff skilling who introduced mark to marketing in Enron was the one who was behind all the misdeeds. Besides, from the energy trading to power cut off in California, he was the one to bring greed…

Phaneesh Murthy-An Introduction A business magnate, Mr. Murthy served as the Director of Infosys Ltd. In 2000 where he was fired from the company 2 years later. In 2003, Mr. Murthy became the Chief Executive Officer of iGate Corporation where he became the President in 2006 & later got re-elected in 2010. The board of iGate removed Mr. Murthy as President in May 2013 in view of an ongoing investigation against Phaneesh. An alum of prestigious institution such as the Indian Institute of…

For this reason, they started acting dishonestly and more they cheated, more ideas they had to come up with in order to disguise the truth. Of course, they were exposed to stress and tension as they were performing bad and they had to manipulate the reality, they had to be creative and always invent new ways to cheat as failure was not an option. They did not stop acting like this even after the Valhalla Scandal where, for the first time, people doubted of the integrity, truthfulness and moral…

Enron Corporation was an American energy, commodities, and Services Company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,000 staff and was one of the world leading electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion in 2000. At the end of 2001, it was revealed that it’s reported financial condition was sustained substantially by institutionalized, systematic, and creatively…

ABSTRACT Fall of Enron Corporation, popularly known as Enron Scandal which ended with filing bankruptcy on 2nd December 2001. It was one of the largest bankruptcy that America seen at that time and their story became common research for investigators and researchers. Enron was seemed to doing well in the beginning of 2001 but they forced to disclose their accounting practice in October 2001 and which is appeared as very creative and generally unaccepted high-risk accounting practices. This…

According the Alex Gibney’s movie, I would say that I believe in the correctness of Joel Bakan’s arguments. Enron Company shows “psychopathic” traits that provide effect to their employees and other people lives. The actions involve immoral actions, shadow business and money manipulations that destroy people careers. Joe Bakan gave clear view that what Enron did was planned. Moreover, Enron took a risk that could make a huge profit, however; was over their opportunity. In my opinion,…

1. The fall of Enron is mainly cause by the leaders which act unethically to their company. One of the big factors for the collapse of Enron is self-interest. Leaders in Enron only care about their own interest instead of their company and employees. Basically they ignore what would bring the pros to their company yet only pay attention to their own benefits. Greedy mind made them lost their interest in working and bring the company to another next top level and also led them to act unethically.…

The Westing Game is a mystery written by Ellen Raskin and has won the Newberry Award in 1979. The first few pages of the book reveals that there will be many twist and turns and it will not be until the end until the answer is revealed. Very specific tenants were chosen for the Sunset Towers and this is evident in each showing of an apartment by Barney Northrup. Very specific choices were made for the tenants of Sunset Towers, but why? Up on the hill sits the Westing house, just days after…

usually fired without any further consideration. In 1999, they launched a service called “EnronOnline,” an energy trading service that was successful. Enron used the same platform to launch other services for bandwidth, weather and advertising which was extremely unsuccessful and put them in debt. They were able to write these losses off as gains by using a system called mark to market accounting. In traditional accounting, a company is valued based off of its past transactions, in Mark to…