Frito-Lay

Allen Stanford was born in Mexia, Texas in 1950. He always had an eye for an opportunity. When he was 13, he made himself $400 by offering to clear a piece of land for a real estate developer on the condition that he could keep the felled trees to sell as firewood. He enrolled at Baylor University, the oldest college in Texas, in 1970. He studied finance, and according to James Davis, one of his classmates during college, while the rest of them were beating their brains out, Stanford was busy…

They stopped at the edge of a cliff. In a large expanse of ground beneath them, was the remains of a recently collapsed piece of land. For as far as Jingyan could see, the serpentine fissures that spanned the width of a house wound out from a steep sinkhole in the center of the land, creating an additional depth to the already sunken land. There was a heavy stench of lingering gunpowder and the fissures were filled with uprooted trees and crumpled earth. According to the maps, Jingyan once…

Following is a summary of the article: “Who by Lying, Who by Cheating, Who by Stealing, and Whom Shall I Say Is Calling?” by Alan Briskinn, posted on 09/28/2015 in the Huffington Post. His article was written post the VW debacle, wherein software was created to mask the large amounts of toxins released from cars sold to public as clean diesel. Results were obvious, devaluation of the share price of VW, forthcoming fines, VW on the top of case studies on Corporate Ethical Breaches. The author…

He was introduced to the carpet cleaning industry at the age of twelve by his mother, who worked as a telephone solicitor for a small carpet cleaning firm. Due to the lack of barriers to entry in this industry (no licensing requirements, no apprenticeships to be served and only minimal start-up capital needed), it is not hard for anyone to start a carpet cleaning company. But at the same time, no barriers to entry meant that there was a cutthroat competition within the industry and it was not…

clients. In essence, its national reputation laid on the fast extension of its residential business and its consistently developing income and profit from trading. On the back of this reputation, Skilling was selected chief operating officer by Ken Lay, who then left after changing the entire of Enron to mirror his vision. Enron as a company started out with properly stated moral codes, but later started on getting into the undesirable practises because of its executive managers and their…

Pride Goeth Before Destruction Enron, the quintessential company of the 1990’s, is infamous for its rise and more so for its fall. It’s bankruptcy and dissolution in 2001 was the largest in US corporate history to date when it occurred (Ferrell, Fraedrich, & Ferrell 487). The downfall of the company was brought about by shady accounting practices, a cutthroat company culture, a do-what-it-takes mantra. Ultimately, the prideful and greedy natures of the executives at the helm lead to the…

Ian D Johnson Jb Henriksen Accounting 2600 11/1/17 Case Presentation: Enron Scandal Before the scandal that Enron is widely known for today, they were an up and coming American energy company led by CEO Kenneth Lay. In 1985, Lay helped to merge two natural gas companies known as Houston Natural gas and InterNorth to form Enron. Soon after, Congress approved legislation that deregulated the sale of natural gas, allowing companies to use the free market to sell energy. The company became a…

PCH PLC was recognized as a well-established IT company when it was listed in the CSE in 2010 but suddenly after two years from listing, the whole company was collapsed due to failures/frauds occurred within the company. The focus of this section is to discuss about the corporate governance failures/weaknesses of PCH PLC which affected to arise such failures/frauds within PCH PLC. Throughout this discussion it is expected evaluate the board structure & board balance, Chairman’s role as the CEO,…

MIDDLE EAST TECHNICAL UNIVERSITY FACULTY OF ECONOMIC AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ECONOMICS ECON 433 THE RISE AND THE FALL OF ENRON CORP. BERKEHAN KAYA 1917350 Introduction Enron Corporation was the corporation which had the largest natural gas transmission networks in North America continent. In 2000, the company was on the Fortune 500 list with the seventh seat, but its bankruptcy in December 2001 was even larger. The name of the company, then, displayed whenever the…

Abstract APOC, founded in 1909 as Anglo Persian oil company, was bought by England over more than 51% of its stock when it was about to fail on the initiative of Winston Churcill. It was subsequently privatized by the Thatcher campaign in the 1980s and soon became a major oil and refining company, with interests in clean blacks (such as solar panels) and attention to security procedures. But is all this enough for such a global company? Introduction BP, over time, suffered from a chain of major…